Business

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

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FG resets profit-sharing terms to attract new deep

  • 17th August 2026

Banks, fintechs file 42,082 suspicious transaction to NFIU

  • 17th August 2026

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BOI raises N250bn in debut domestic bond issuance

Banking

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Aviation

NCAA opposes revenue cut, warns of safety oversight risks

The Nigeria Civil Aviation Authority has cautioned that increasing the portion of its revenue shared with the Nigerian Airspace Management Agency could weaken aviation safety oversight and negatively affect Nigeria’s performance in future audits by the International Civil Aviation Organisation. The NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, said the regulator strongly […]

Aviation

Airline owes FG N14bn, threatens aviation agencies’ operations – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has disclosed that a domestic airline owes the Federal Government about N14bn, warning that the growing debt is limiting the capacity of aviation agencies to deliver essential services despite efforts to support operators. Keyamo explained that the government has deliberately avoided adopting punitive measures against indebted […]

Business

AfCFTA chief urges Africa to prioritise value addition for economic growth

Africa must move beyond exporting raw materials and prioritise value addition to its natural resources to fully unlock the opportunities presented by the African Continental Free Trade Area. The National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Patience Okala, stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business […]

Tech

Google pulls AI satellite image tool over misinformation concerns

Google has withdrawn a newly launched artificial intelligence feature that enabled users to generate fake images over its satellite maps, less than 48 hours after its release, following concerns over its potential to fuel misinformation. The decision came after a BBC Verify report cited experts who warned that the tool could be misused to create […]

Economy

Financial repression hits decades-high levels globally, IMF warns

Financial repression has risen to its highest levels in decades as governments with elevated debt increasingly face constraints in using conventional fiscal measures to reduce their fiscal pressures, the International Monetary Fund has said. The IMF made this known in a Working Paper titled “The Coming Great Repression? New Measures and a Century of Evidence,” […]

Business

EU to hold emergency border talks as 50,000 migrants enter Spain 

European Union ambassadors will hold an emergency meeting on Monday as Spain comes under mounting pressure to strengthen control of the bloc’s external borders. Ahead of the talks, officials will brief the EU’s Integrated Political Crisis Response group on Saturday regarding developments in the North African enclave of Ceuta over the past two days. The […]

Business

WTO ranks Africa second in global export growth for Q1

Africa’s merchandise exports increased by 14 per cent year-on-year in the first quarter of 2026, recording the second-highest regional growth after Asia, according to the World Trade Organization. The WTO disclosed this in its latest trade outlook titled “Global goods trade resilient in the first quarter of 2026 despite war in Middle East,” released on […]

featured Travel

South Africa proposes new $30 fee for ETA applicants

South Africa is proposing a new ZAR 500 ($30) processing fee for travellers applying for its Electronic Travel Authorisation, as the country continues expanding its digital border management system. The proposed fee, published by South Africa’s Department of Home Affairs, is currently open for public consultation until August 11, 2026. If approved, it will take […]

Business

Senator Natasha urges reciprocal visa measures for South African entertainers

Senator Natasha Akpoti-Uduaghan, who represents Kogi Central Senatorial District, has called on the Federal Government and the Nigeria Immigration Service to review visa applications submitted by South African artistes and their entourages based on the principle of reciprocity. The call follows the controversy surrounding the cancellation of South African singer Tyla’s planned concert in Lagos […]

Business

Samsung warns global RAM chip shortage could last until 2028

Samsung has warned that the global shortage of RAM chips is expected to continue beyond next year and worsen in 2027, with supply constraints likely to remain until at least 2028. The South Korean technology company, which produces about one-third of the world’s memory chips, disclosed during its second-quarter earnings call that leading artificial intelligence […]

Tech

Meta tests WhatsApp feature separating business messages

Meta Platforms is testing a new WhatsApp feature that automatically moves messages from large businesses into a separate folder, as the social media giant expands its business messaging services following a sharp increase in revenue from the platform. The feature comes after Meta Chief Executive Officer Mark Zuckerberg disclosed during the company’s second-quarter 2026 earnings […]

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