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Business · The Punch ·EFCC witness alleges irregularities in Arik Air loan transaction
A witness presented by the Economic and Financial Crimes Commission has detailed alleged discrepancies in a loan transaction involving Arik Air. The testimony, delivered during an ongoing legal proceeding, points to procedural irregularities in the airline's financial dealings which are currently being scrutinized by the anti-graft agency.
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Business · The Punch ·
OPEC weakened by UAE exit, analysts warn FG
Economic analysts have cautioned the Federal Government that the exit of the United Arab Emirates from OPEC may significantly diminish the organization's global influence. This development suggests a potential shift in international oil market stability, prompting calls for Nigeria to evaluate its strategic interests and production policies within the cartel.
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Business · BusinessDay ·Nigeria’s New Remittance Discipline and the Hard Work of Rebuilding Trust
Nigeria is implementing new regulatory measures to manage foreign remittances more effectively while working to restore confidence in its financial systems. The initiative focuses on formalizing exchange channels and improving transparency to attract diaspora funds, representing a strategic shift in the nation's approach to international financial management and economic stability.
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Business · BusinessDay ·Nigeria must tackle cost of living to make wage reforms effective – NECA DG
The Director-General of the Nigeria Employers' Consultative Association has stated that addressing the high cost of living is essential for the success of ongoing wage reforms. He emphasized that government efforts to improve salaries must be accompanied by measures to control inflation and protect the purchasing power of workers.
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Business · Daily Trust ·NGX Group shareholders approve N2.00 per share dividend
Shareholders of the Nigerian Exchange Group have approved a final dividend payment of two naira per share for the financial year. The decision was reached during the company's annual general meeting, reflecting the board's commitment to returning value to investors following its recent financial performance in the Nigerian capital market.
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Business · Daily Trust ·
Ethnic groups push for trust, stability as key to economic growth
Various Nigerian ethnic organizations are advocating for national stability and mutual trust as fundamental requirements for driving economic growth. These groups emphasize that a peaceful and united environment is necessary to attract investment and foster sustainable development across the country’s diverse regions and sectors.
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Business · Daily Trust ·
Greenplinth, Allgreen Energy target 24m clean cookstoves by July
Greenplinth and Allgreen Energy aim to deploy 24 million clean cookstoves across Nigeria by July. This initiative focuses on promoting environmentally friendly cooking solutions to reduce carbon emissions and improve public health outcomes associated with traditional cooking methods in the country.
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Business · The Punch ·
Company pledges community-driven services at awards ceremony
An organization recently reaffirmed its commitment to providing community-driven services during a corporate awards ceremony. The firm highlighted its focus on social responsibility and the importance of tailoring its operations to meet the specific needs of local populations as part of its ongoing growth strategy.
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Business · The Punch ·
Forum wants Tinubu to extend Warri–Itakpe–Ujevwu rail corridor
A forum has appealed to President Bola Tinubu to authorize the extension of the Warri–Itakpe–Ujevwu rail corridor. The group advocates for the expansion of the rail network to improve regional connectivity and support economic activities, calling on the federal government to prioritize the development of this critical transportation infrastructure.
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Business · BusinessDay ·The price of silence: Nigeria’s reputation failure is an economic security risk
Nigeria's deteriorating international reputation is identified as a significant threat to its economic security. The analysis suggests that official silence regarding national challenges negatively impacts investor confidence and financial stability, highlighting the urgent need for strategic communication to protect the country's economic interests.
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Business · The Punch ·
Retail leaders push reforms, tech adoption at summit
Stakeholders in the Nigerian retail sector advocated for structural reforms and the integration of digital technologies during a recent summit. The participants emphasized that modernization and policy improvements are necessary to drive growth and improve efficiency within the industry across the country.
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Business · BusinessDay ·The whistleblowing policy as a game changer in tackling tax fraud (Part 1)
Nigeria's whistleblowing policy is being positioned as an effective mechanism for identifying and curbing tax fraud. The framework encourages individuals to report financial irregularities, aiming to enhance government revenue and promote fiscal transparency across various sectors of the economy through incentivized reporting of tax evasion.
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Business · The Punch ·
CRC chief advocates credit reforms for SME growth
The Chief Executive Officer of CRC Credit Bureau has called for the implementation of credit reforms to facilitate the growth of small and medium enterprises in Nigeria. These reforms are expected to improve access to finance and create a more sustainable environment for business expansion across the country.
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Business · The Punch ·
Oil at four-year high, stocks slip after Trump blockade warning
Global oil prices have reached their highest level in four years while stock markets experienced a decline following a blockade warning from President Trump. These fluctuations in international markets reflect investor concerns regarding potential trade disruptions and geopolitical tensions stemming from recent policy statements issued by the United States administration.
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Business · Leadership News ·
DAAR Investment Drags CAC To Court Over Altered 300,000 Shares Of Late Chief Dokpesi
DAAR Investment has sued the Corporate Affairs Commission over the alleged unauthorized alteration of 300,000 shares belonging to the late Chief Raymond Dokpesi. The legal challenge addresses discrepancies within company registration records and seeks to resolve disputes regarding the ownership structure following the passing of the media mogul.
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Business · ThisDay ·
US War Against Iran Gulps $25 Billion as Oil Price Soars to $119
United States military operations involving Iran have cost $25 billion as global oil prices climbed to $119 per barrel. This expenditure occurs amidst heightening geopolitical tensions, significantly impacting international energy markets. The surge in crude oil costs reflects the broader economic consequences of the ongoing confrontation between the two nations.
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Business · The Punch ·
Petrol nears N1,400/litre as Dangote hikes price
The pump price of petrol in Nigeria is approaching N1,400 per litre following a recent price increase by the Dangote Refinery. This development marks a significant rise in fuel costs, impacting consumers across the nation as the facility adjusts its wholesale rates for the essential commodity.
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Business · The Punch ·
Funding, execution gaps undermine small firms’ survival
Small businesses in Nigeria are facing significant challenges due to a lack of adequate funding and poor execution strategies. These persistent gaps are hindering the growth and long-term sustainability of small firms, making it difficult for them to survive within the current economic environment despite their importance to the national economy.
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Business · ThisDay ·
CBN Urges Students to Master Money Skills as Economic Landscape Evolves
The Central Bank of Nigeria has advised students to develop essential financial management skills to navigate the country's changing economic environment. This initiative aims to equip the youth with necessary tools for fiscal responsibility and long-term financial stability as the national landscape continues to undergo significant transformations.
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Business · BusinessDay ·BusinessDay 30th Apr 2026
BusinessDay provides comprehensive coverage of Nigeria's economic and financial landscape for April 30, 2026. The publication features updates on market trends, corporate developments, and policy changes affecting the national economy. This edition serves as a primary source for investors and industry professionals tracking various sectors within the country.
Nigerian News
Headlines from across Nigeria, summarised and updated continuously. Tap any headline to read the full story on the source site.