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BOI to channel 80% large enterprise loans towards

  • 16th August 2026

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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PwC flags gaps in new NRS virtual asset

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Nigeria’s exports to China jump 80% to $2.3bn

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Apple unveils new commission rates for external app payments

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BOI to channel 80% large enterprise loans towards priority

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NCAA to make RFID baggage tracking mandatory at airports

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

Blog

Binance halts support for USDC stablecoin on Tron blockchain
News

Court orders Binance to surrender users data to FG

The Federal High Court in Abuja has issued a compelling mandate to Binance Holdings Limited, the renowned global cryptocurrency entity, to divulge comprehensive information regarding its most influential users within Nigeria. This order, issued by Justice Emeka Nwite, comes as a response to an ex parte motion presented by the Economic and Financial Crimes Commission […]

News

Customs exchange rate for cargo clearance reduce to N1593/$

The exchange rate for cargo clearance decreased to N1593.41/$, which represents a decrease of about N18.87  from last week’s record value of N1612.28. The Central Bank of Nigeria, through the customs, raised the exchange rate for cargo clearance by N18.44 compared to its previous value. The decline in the exchange rate for cargo clearance is […]

Business

MSMEs received below 7% of CBN’s N10trn loan – Report

The Central Bank of Nigeria, over ten years, allocated a mere 6.63% of the total N10.39 trillion loan disbursed to various sectors as intervention programmes, to support Micro, Small, and Medium Enterprises. This follows a report of the apex bank, revealing that a total of N689 billion was allocated to the sector between August 2013 […]

Nasdaq resolves connectivity issue after two-hour disruption
News

Nasdaq resolves connectivity issue after two-hour disruption

Nasdaq, which hosts some of the largest tech giants in the United States on its exchange, on Monday, announced the resolution of an issue concerning connectivity and stock orders, following more than two hours of disruption, assuring that all systems were now functioning normally. While the company didn’t elaborate on the severity of the problem, […]

Agribusiness

Farmers face massive debt burden from CBN’s intervention loans

Farmers and agricultural firms in Nigeria are struggling with a massive debt burden as they struggle to repay N380.97 billion of the Central Bank of Nigeria’s intervention loans by September 30, 2023. This amount represents the principal due and unpaid interest on various agricultural support programmes introduced by the Central Bank of Nigeria. In the […]

Startups

Nigerian payment startup, Zone raises $8.5 million in seed funding

Payment infrastructure company, Zone, has raised $8.5 million in an oversubscribed seed funding round led by VC firms Flourish Ventures and TLcom Capital. The new funding will allow Zone to expand its domestic coverage and connect more banks and financial services companies, according to a statement from the company, according to nairametrics. A large part […]

Energy

Nigeria oil margin hits $37 in London trade

Nigerian oil margins per barrel increased slightly in London trade on Monday, continuing the upward path that began last week when prices soared by almost 4% with supply anticipated to contract amid the Russia-Ukraine war. In the report, the May delivery of Brent crude oil futures surged by 40 basis points to $85.66 a barrel. […]

Energy

Energy transition must be just, equitable, says OPEC

As world leaders continue in the pursuit of alternative energy, the Organization of the Petroleum Exporting Countries, Governor for Nigeria, Ambassador Gabriel Aduda, has said that energy transition must be just and equitable, enabling countries to develop energy sources available to them responsibly. Aduda, in a statement, said that, climate change enthusiasts must recognize fossil […]

News

NDPC probes alleged privacy breach at NIMC

The Nigeria Data Protection Commission has announced the commencement of an investigation into a suspected privacy breach concerning the data of Nigerians within the National Identification Number database managed by the National Identity Management Commission. In a statement issued by Babatunde Bamigboye, the Head of Legal, Enforcement, and Regulations at the NDPC, it was revealed […]

Apple to pledge $100bn to US manufacturing
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Apple partners Google, OpenAI to power iPhone AI features

Apple is engaged in discussions to integrate Google’s Gemini artificial intelligence engine into the iPhone,Bloomberg reported. Additionally, Apple has recently explored potential collaborations with OpenAI and has considered leveraging its AI model. In preparation for the upcoming iPhone iOS 18 release, Apple is developing new functionalities based on its proprietary AI models. However, the company […]

Real Estate

Stakeholders calls for housing budget review

Stakeholders in the housing sector have called for a review of the 2024 housing budget to meet up with current realities. The Executive Secretary of the Association of Housing Corporation of Nigeria, Toye Eniola, said the review of the projected budget for 2024 is unavoidable, according to The Punch. Also, the Managing Director of Fame […]

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