BusinessDay

Nigeria’s palm oil future won’t build itself. The real players are already moving. From farm to factory, capital to markets; this is where the entire palm oil value chain comes together to unlock growth, scale production, and win in a high-demand sector. Policy clarity. Access to finance. Real connections. Practical solutions you can act on immediately. If you’re serious about growing, investing, or leading in Nigeria’s palm oil industry, this is the room you need to be in. Where insight meets opportunity and where decisions turn into growth. Registration is now open. Join the conversation shaping Nigeria’s palm oil future. https://conferences.businessday.ng/event/palmoil-summit/

Nigeria has the factories and the talent, yet industrial growth remains constrained. When power, financing, supply chains and market access begin to work, manufacturing becomes a true engine for jobs, exports, and economic growth. On May 26, BusinessDay would bring together policymakers, manufacturers, investors, and operators driving Nigeria’s industrial future under one roof. If you are serious about growth, competitiveness, and staying ahead in Nigeria’s evolving manufacturing landscape, this is a room you should be in. Register here to attend: https://conferences.businessday.ng/event/manufacturing-conference-2026/ Seats are limited. Secure your participation now!

Out now the latest edition of “She Means Business” magazine. On our cover: Honourable Imaan Suleiman-Ibrahim, FSI, in a conversation that touches on leadership, responsibility, governance, and what it really means to lead in today’s world. Inside the issue, we explore business, career growth, money, lifestyle, and the realities shaping modern women at work and beyond. Thoughtful conversations. Real insight. Honest perspectives. We can’t wait for you to dig in. Read the latest edition using the link in our bio. Our cover story was proudly supported by The Nigerian Women in Leadership Coalition: @wilanglobal @wimbizng @wiscar.ng and @ngs_forum #SheMeansBusiness #WomenInLeadership #MagazineLaunch #businessday

The naira recorded a weekly loss in the official foreign exchange (FX) market despite a sharp increase in market liquidity and continued growth in Nigeria’s external reserves. Data published by the Central Bank of Nigeria (CBN) showed that the naira depreciated by N9.65 week-on-week as the dollar was quoted at N1,371.04 on Friday, compared to N1,361.39 recorded on Friday last week at the Nigerian Foreign Exchange Market (NFEM). This represents a loss of 0.70 percent. NFEM turnover surged by 249.16 percent week-on-week to $509.22 million as of Thursday, up from $145.84 million recorded on Thursday last week, according to available data from the CBN. Click the link in bio to read more. #naira #market #nigeria #businessday

Mohammed Ali Ndume, Senator representing Borno South at the National Assembly, on Saturday, confirmed that no fewer than 42 students, including children, have been abducted when armed members of a terrorist group invaded Primary and Junior Government Day Secondary School (GDSS) Mussa, in Askira/Uba local Government Area of the state, last Friday. The senator stated this in a press statement he personally signed and issued to journalists in Maiduguri on Saturday. He said the traumatising incident that has forced many parents and guardians into hopelessness is barbaric and disheartening. Click the link in bio to read more. #borno #terrorist #nigeria #businessday

President Tinubu, what will you do in the first 2 years of your 2nd term as president? At the Africa CEO Forum in Kigali. Follow us on @businessdaytelevision_ng for more updates. #businessdaytv #businessday #africaceoforum

The reported killing of Abu-Bilal al-Manuki, a senior commander of the Islamic State and widely described as the second-in-command of ISIS globally, by joint United States and Nigerian forces may represent one of the most consequential counter-terrorism successes recorded in the Lake Chad conflict in recent years. More than the elimination of a high-profile extremist figure, the operation signals a major shift in the evolving war against Islamic State West Africa Province and affiliated jihadist networks operating across Nigeria and the wider Sahel. According to the statement issued by Donald Trump, American forces carried out the operation in coordination with the Nigerian Armed Forces following what he described as a “meticulously planned and very complex mission". The operation demonstrates a level of intelligence cooperation, surveillance capability and operational coordination rarely acknowledged publicly between Nigeria and the United States in the counterterrorism space. But beyond the symbolism of the strike lies an even deeper implication: Abu-Bilal al-Manuki was not an ordinary field commander. Click the link in bio to read more. #tinubu #trump #businessday

President Bola Tinubu has commended the United States President, Donald Trump and the Nigerian military for the latest US, Nigeria joint military operations that led to the killing of ISIS deputy leader, Abu-Bilal Al-Manuki. Abu-Bilal Al-Manuki, also known as Abu-Mainok, considered one of the most wanted leader of the deadly ISIS group was killed along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin, on Friday night. Tinubu, in a message he personally signed on Saturday morning, stated that "Nigeria and the United States recorded a significant example of effective collaboration in the fight against terrorism. "Our determined Nigerian Armed Forces, working closely with the Armed Forces of the United States, conducted a daring joint operation that dealt a heavy blow to the ranks of the Islamic State. "Early assessments confirm the elimination of the wanted IS senior leader, Abu-Bilal Al-Manuki, also known as Abu-Mainok, along with several of his lieutenants, during a strike on his compound in the Lake Chad Basin" Click the link in bio to read more. #tinubu #trump #businessday

Lagos State is moving to capture a larger share of the its N16.14 trillion annual food economy with the Lagos Central Food Systems & Logistics Hub in Ketu-Ereyun, Epe. Speaking at the 2026 ministerial press briefing on Friday, Abisola Olusanya, commissioner for Agriculture and Food Systems, said infrastructure remains the backbone of the state's food systems transformation agenda. She pointed out that food security cannot be achieved by production alone, "as we believe that if food is not aggregated, transported, stored, processed, distributed, and marketed efficiently, then production gains will be lost through waste arising from inadequate storage, logistics, and market inefficiencies." "This is why Lagos has continued to prioritize infrastructure that not only supports production but also connects farms to markets and markets to consumers. Abisola described the Lagos Central Food Systems & Logistics Hub as the flagship infrastructure push of Governor Babajide Sanwo-Olu’s administration, designed as a modern, data-driven platform to reshape how food enters, moves through, and is distributed across the state. #lagosstate #foodmarket #infrastructure #businessday

The Boom in Digital Savings and Fintech Apps Among Young Nigerians. Follow us on @businessdaytelevision_ng for more updates. #businessdaytv #businessday #Fintech

Laja Adeoye, former frontline consensus candidate of the Peoples Democratic Party (PDP), has formally joined the Allied Peoples Movement (APM) and obtained the party’s governorship nomination form to challenge the All Progressives Congress (APC) in the 2027 Lagos State governorship election. Adeoye becoming the first to formally pick up the nomination form under the APM in Lagos, in which the party is issuing nomination form to various candidates for governorship, Senate, House of Representatives and Lagos State House of Assembly. The APM Expression of Interest and nomination form for gubernatorial candidacy, was presented to Laja Adeoye by the Lagos State PDP-APM Alliance Chairman,  Amos Fawole, who said this is the beginning of a RESET Movement Lagos in 2027, stating that the APM will form the next government in Lagos State. Speaking to journalists in Lagos over the weekend, Adeoye explained that the protracted legal crisis within the PDP made it imperative for him and other candidates to seek an alternative platform to actualise their ambition. Click the link in bio to read more. #nigeriapolitics #businessday

Walk into any place that serves food in Nigeria and you will call it a restaurant. The buka, the café, the suya spot, the hotel dining room,  we use the same word for all of them. But spend enough time eating out and you will notice that these places are nothing alike. That is because restaurants are not one thing. They are grouped into categories based on how they serve food, the experience they offer, and the kind of setting they create. Here are eight of those categories and what they actually mean. Café A café is a place where the drink comes first. The menu is built around coffee, tea, and other beverages, with food as a secondary offering. You will typically find light bites, pastries, and sandwiches rather than full meals. One of the things that sets a café apart is that you can sit for as long as you like without anyone expecting you to order a three-course meal. Many cafés in Lagos have taken this further by providing working spaces, free Wi-Fi, and other perks that make them a go-to for people who want to spend a few hours with a laptop and a good cup of coffee. Spots like Ouida Lagos, Cafe Neo, and Hot Crust Cafe are common cafés in Lagos. Bistro When Russian soldiers occupied Paris in the 19th century, they would shout "bistro"  meaning "quickly" in Russian, at waiters demanding faster service. The name stuck, and it came to describe the kind of small, no-fuss eating spots they frequented. A bistro is exactly that: a neighbourhood restaurant where the food is simple, the portions are generous, and the prices are reasonable. It is not the kind of place you go to mark a special occasion. You go because you want a good meal without the fuss. In Lagos, places like Danfo Bistro, and Orchid Bistro, are popular spots you can visit. Ghost kitchen A ghost kitchen is a restaurant you can never physically visit. It has no dining space, no tables, and no chairs. It exists only to prepare food for delivery. You place your order through an app, such as Chowdeck or Glovo, and the food comes to you. Click the link in bio to read more. #resturant #businessday