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Fidelity, AFG partner on aircraft leasing, acquisition for Nigerian airlines
Fidelity Bank has entered into a strategic partnership with Frankfurt-based Aircraft Finance Germany (AFG) to streamline aircraft leasing and acquisition. The alliance, announced during the maiden Nigerian Aircraft Acquisition and Investment Summit in Lagos on Thursday marks shift from the prohibiti...
Tinubu meets Idris Itno, Chadian leader
President Bola Tinubu on Thursday met President Idris Derby Itno of Republic of Chad, at the presidential Villa, Abuja Although details of the meeting which is currently ongoing are not available immediately, BusinessDay gathered that the visit is aimed at further strengthening diplomatic relationsh...
Improved weather to lift Nigeria’s cocoa midcrop output, quality
Nigeria’s 2025-2026 cocoa midcrop output is expected to rise, bolstered by improved weather conditions in key growing regions, which is also expected to enhance bean quality. Farmers told BusinessDay that the intermittent rainfall since the beginning of the year has helped prevent dry spells i...
Despite Ogun State’s terrible road network, govt. budget over N34bn on official vehicles
While motorists dodge potholes and broken roads across Ogun State, government records show that more than N34 billion has been budgeted on the purchase of official vehicles for lawmakers, commissioners, local government chairmen, and senior officials between 2023 and 2025. SODIQ OJUROUNGBE reports T...
Cocoa price slump bypasses Nigerian processors
…Farmgate prices crashes 83% Nigeria’s cocoa processors are struggling to benefit from the recent cocoa price collapse, with the industry failing to capitalise on cheaper raw materials after prices plunged 83 percent from 2024 peaks. The price drop, which has seen cocoa trade around N2.5...
Chelsea posts £262.4m loss amid agent spending surge
Premier League club Chelsea has reported a record pre-tax loss of £262.4 million for the year ending June 30, 2025, the club announced on Wednesday. The figures revealed that Chelsea spent more on agents’ fees than any other English club this season. The previous highest pre-tax loss in Premier L...
UNILAG elevates Mass Comm HOD, Tayo Popoola to professor
The University of Lagos (UNILAG), Akoka, has announced the promotion of Ibitayo Popoola, the institution’s head of Mass Communication Department to professor, recognising years of academic excellence, research contributions, and leadership within the department. The promotion, which is contained i...
FIFA Rankings: Super Eagles retain 26th spot, France reclaim number one
The Super Eagles of Nigeria have maintained their 26th position in the latest FIFA Men’s World Ranking, released on Wednesday, April 1, 2026. Despite a busy March international window, Éric Chelle’s side held firm in the global standings, inspired by a strong showing at the 2025 Africa Cup of N...
Ghana’s inflation hits four-year low despite oil price pressures
Ghana’s inflation rate eased for a 15th consecutive month in March 2026, defying emerging fuel price pressures linked to escalating Middle East tensions and reinforcing the country’s position as one of Africa’s most stable disinflation stories. Consumer prices fell to 3.2 percent, down slightl...
Yahaya Bello’s wife Hafiza eyes major share of agro-processing, consumer goods market
The Federal Capital Territory (FCT) Abuja recently witnessed a blend of celebration and enterprise as Hafiza Yahaya Bello, wife of former Kogi State Governor Yahaya Bello, officially launched her new food brand, 2603 Food and Spices. The launch of 2603 Food and Spices is a strategic expansion of her...
OMO demand moderates as CBN sells N2.6trn
The demand for the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) bills remained strong at the latest auctions but it slowed from recent highs, as the apex bank sold about N2.6 trillion. This shows that liquidity in the system is easing but remains strong enough to sustain demand, si...
CBN faces a tightrope of policy choices
Nigeria’s Central Bank could face a potential tightening dilemma, where every choice carries a measurable cost, driven by a policy trilemma that requires balancing inflation control, economic growth, and currency stability as global shocks intensify. What had seemed like a steady disinflation path...
33 banks raise N4.65trn to meet new capital thresholds
Nigerian banks raised a total of N4.65 trillion in fresh capital over a two-year recapitalisation drive, with 33 lenders meeting revised minimum requirements set by the Central Bank of Nigeria (CBN), according to a statement released on Wednesday, a day after the exercise ended. The programme, launc...
Nigeria’s gas riches lure Europe, but pipelines aren’t ready
European energy officials are scrambling for alternative suppliers after strikes on QatarEnergy’s Ras Laffan facility forced the company to declare force majeure on liquefied natural gas contracts with Belgium, Italy, and Poland. Nigeria consistently tops their shortlists. With Africa’s larg...
WORLD IN BRIEF: Iran war costs, Wolf attack in Germany, South Africa fuel levy cut and other stories
The one-month war in Iran cost Arab countries up to $194bn The United Nations Development Programme has warned that the US-Israel war on Iran is inflicting severe economic damage across Arab economies, with losses estimated between $120bn and $194bn after just one month of conflict. According to the...
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