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BOI to channel 80% large enterprise loans towards

  • 16th August 2026

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

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

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

  • 15th August 2026

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BOI to channel 80% large enterprise loans towards priority

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RMAFC completes review of Nigeria’s revenue allocation formula

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NICA seeks for business-friendly loans for SMEs

The National Institute of Credit Administration has said the availability of loans with low interest rates and flexible repayment terms will promote the profitability of Small and Medium scale Enterprises. In the statement, the Chief Executive Officer of NICA, Prof. Chris Onalo, said a business-friendly loan would persuade other entrepreneurs to borrow to start new […]

Economy

FG seeks $1bn W’Bank loans for IDPs, agric

The Federal Government is in talks with the World Bank to complete the processes of obtaining over $1bn in loan to tackle the challenges, facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country. This was disclosed in the World Bank documents titled, ‘Solutions for […]

SpaceX commits $2bn to xAI in bold push
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SpaceX to build spy satellites for US

SpaceX is undertaking a significant venture involving the construction of a network of spy satellites in collaboration with a U.S. intelligence agency, Reuters reported. The initiative underscores the deepening relationship between Musk’s company and national security entities. Under a classified contract valued at $1.8 billion, signed in 2021 with the National Reconnaissance Office (NRO), SpaceX’s […]

News

Femi Agbaje named Notore Chemical Industries chair

Notore Chemical Industries Plc has announced the appointment of Mr. Femi Agbaje as the Chairman of the Board of Directors until the Completion of the Company’s ongoing Private Placement Transaction. This was disclosed in the company’s notice to the Nigerian Exchange Limited and the investing public. According to the statement signed by the Group Chief Legal […]

Global efforts intensify to address submarine cable ruptures
News

Internet service restored to some customers days after outage – MainOne

MainOne, a Digital Infrastructure Service Provider on Saturday said that, it had restored service to a number of customers and was seriously working on restoring all services through capacity acquired on available cable systems. This was disclosed in a statement on its website. The statement said that the estimated repair time declared earlier, was for […]

Upgrade of transportation infrastructure would boost trade - Analysts
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Upgrade of transportation infrastructure would boost trade – Analysts

Onwubuke Melvin Analysts at Cowry Asset Management Limited have stated that the country’s trade will improve if the government can rehabilitate transportation networks, and ports, and streamline export procedures to ease logistics costs, based on the NBS report reviewed. The NBS report showed that the country’s total trade in goods increased by 37.21 per cent […]

LinkedIn faces lawsuit for allegedly training AI with private messages
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LinkedIn adds games to platform

LinkedIn, the social platform owned by Microsoft, has established itself as a hub for professional networking, knowledge acquisition, and recruitment, boasting a user base exceeding 1 billion. In a bid to enhance user engagement, the company is venturing into gaming. LinkedIn is developing a gaming experience, capitalizing on the puzzle craze that propelled games like […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
News

Julius Berger emerges top NGX weekly gainer with 30.58%

Julius Berger Plc, a construction firm listed on the Nigerian Exchange Group Plc, emerged as the top gainer for the week, recording a notable gain of 30.58% by the close of weekly trading. This surge highlights the heightened demand for shares in the construction giant, resulting in a N27.200 billion increase in market capitalization, elevating […]

Lagos out, Kogi ranked most expensive Nigerian state to live
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Lagos out, Kogi ranked most expensive Nigerian state to live

Nigeria’s economic landscape grapples with unparalleled challenges as the cost of living escalates to unprecedented heights. According to the latest findings from the National Bureau of Statistics (NBS), the country’s inflation rate surged to nearly an all-time high of 31.7% in February 2024, highlighting the profound economic strains reshaping living expenses nationwide. However, this inflationary […]

Global efforts intensify to address submarine cable ruptures
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Undersea cable cut repairs might take weeks — MainOne

Submarine cable company, MainOne, has declared it may take weeks to fix the undersea cable cut, that has continued to disrupt internet services in Nigeria, and some other West African countries. The company also revealed that while actions have started, towards the repair of the damage, the process might take weeks to complete, according to […]

Texas bans Pornhub over rights infringement
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Texas bans Pornhub over rights infringement

In the ongoing clash between adult content platforms and Texas legislators, Pornhub ceased operations in the state on Friday, citing infringement of adults’ rights to access protected speech by a state law. The dispute stems from a 2023 Texas law requiring pornography websites to implement age-verification measures and display health warnings. After the 5th Circuit […]

Crypto

Crypo platform NoOnes emerges top choice for Nigerian Binance users

In a groundbreaking shift within the cryptocurrency landscape, NoOnes, the innovative peer-to-peer platform, is rapidly asserting itself as the go-to choice for Binance users in Nigeria seeking seamless and efficient P2P transactions. The platform is revolutionising P2P trade with its unique community, mission and team of advocates as Binance users in Nigeria are increasingly adopting […]

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