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BusinessDay Nigeria Apr 22, 2026

Opposition parties risk 2027 election exclusion as court ruling drags

The Supreme Court on Wednesday reserved judgement in appeals arising from the protracted leadership crises in the African Democratic Congress (ADC) and the Peoples Democratic Party (PDP). A five-member panel of justices, led by Justice Mohammed Lawal Garba, said the date for the judgements would be ...
BusinessDay Nigeria Apr 22, 2026

Data gaps undermine Nigeria’s financial inclusion gains

Nigeria’s fast-growing fintech sector is facing new risks that could slow its expansion, as industry leaders warned that weak trust systems and persistent data gaps are undermining gains in financial inclusion. As of January 2026, the combined valuation of Nigeria’s top nine fintech companies is...
BusinessDay Nigeria Apr 22, 2026

Iran seizes ships as ceasefire hangs by a thread

Iran seized two vessels in the Strait of Hormuz on Wednesday, the first such action since the war began late February, raising fresh doubts about whether a fragile ceasefire between Tehran and Washington can hold. The Revolutionary Guards confirmed they had boarded and escorted the ships to Iranian ...
BusinessDay Nigeria Apr 22, 2026

US forces hunt Iranian tankers across Asian waters

American warships have fanned out across the Indian Ocean and Southeast Asian seas to intercept Iranian oil tankers, boarding and redirecting vessels loaded with millions of barrels of crude far from the war’s front lines, shipping and security sources told Reuters on Wednesday. At least three...
BusinessDay Nigeria Apr 22, 2026

EPL: Man City go top with win over Burnley

Manchester City moved top of the Premier League table with a hard-fought 1-0 victory over Burnley at Turf Moor on Wednesday, edging ahead of Arsenal in the title race. The result also confirmed Burnley’s relegation, marking their third drop from the top flight in five seasons as they return to the...
BusinessDay Nigeria Apr 21, 2026

How Nigerian traders can survive Iran war as crisis enters eight week

The ongoing crisis involving Iran, Israel and the US has since been rippling through Nigeria’s economy, driving up fuel costs, disrupting supply chains, and forcing commodity traders to rethink how they stay in business. From petrol stations to food markets, the effects are already visible, as the...
BusinessDay Nigeria Apr 21, 2026

Inside Tinubu’s cabinet reshuffle that elevated Oyedele as finance minister

President Bola Tinubu’s decision to reconfigure his economic management team has triggered one of the most consequential shifts in Nigeria’s fiscal leadership since the start of his administration, replacing Wale Edun with tax expert Taiwo Oyedele as minister of finance and coordinating minister...
BusinessDay Nigeria Apr 21, 2026

Like Uzoka-Anite, Tinubu’s latest cabinet reshuffle came without notice for Edun

In a move that has sent ripples through the corridors of power and the financial markets alike, President Bola Ahmed Tinubu has fundamentally recalibrated the leadership of Nigeria’s economy. The departure of Wale Edun as minister of finance and coordinating minister of the economy marks the most ...
BusinessDay Nigeria Apr 21, 2026

Nigeria’s top opposition parties await decisive Supreme Court ruling today

The African Democratic Congress (ADC) and the Peoples Democratic Party (PDP) are set for a decisive moment today as the Supreme Court delivers rulings on separate appeals arising from their internal leadership disputes. The judgements are expected to significantly shape the political landscape ahead...
BusinessDay Nigeria Apr 21, 2026

Explainer: What CBN’s new market rule means and why it matters

Nigeria’s central bank has once again rolled out a new policy aimed at boosting transparency, improving the pricing of money, reducing opacity, and aligning the country with global market standards.  At its core is the recently introduced Nigerian Overnight Financing Rate (NOFR), a reference rate...
BusinessDay Nigeria Apr 21, 2026

Nigeria buys 61.7m US crude in 2 years -report

Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, underscoring the country’s growing reliance on foreign feedstock to support domestic refining despite being a major oil producer. According to media reports, this is despite Niger...
BusinessDay Nigeria Apr 21, 2026

Nigeria exports 55.39m barrels amid Dangote crude shortage

Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as domestic refining operations, including the Dangote Petroleum Refinery, continue to face persistent crude supply constraints. Data from the Central Bank of Nigeria shows exports stood at 31.31 million barrel...
BusinessDay Nigeria Apr 21, 2026

PVAC statement on Emzor Pharmaceuticals API project

The Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) welcomes investments that strengthen Nigeria’s capacity to produce essential health products locally and improve long-term medicine security. In that context, Emzor’s Active Pharmaceutical Ingredients (API) project is re...
BusinessDay Nigeria Apr 21, 2026

Real Madrid consider €100m summer move for Victor Osimhen

Real Madrid are reportedly preparing a massive €100 million bid to sign Nigerian striker Victor Osimhen in the upcoming summer transfer window as Los Blancos look to reinforce their attack. According to reports from Spanish outlet Fichajes, the Spanish giants are keen to recruit a world-class stri...
BusinessDay Nigeria Apr 21, 2026

The Only Nigerian Prince You Should Respond To: Vaseline Takes on Counterfeits With a Real One

Vaseline launches a new authentication tool that puts product authentication in consumers’ hands and partners Nigerian Prince Chris Okagbue to empower Nigerians to fight back against the fakes 9 April 2026, Lagos, Nigeria – For years, the phrase “Nigerian Prince” has been one of ...
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