Business

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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NCAA to make RFID baggage tracking mandatory at airports

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

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Banking

Globus Bank gets inaugural credit rating from Fitch

Globus Bank Limited, a national commercial bank in Nigeria, has been assigned its inaugural credit ratings by Fitch Ratings, one of the world’s foremost global credit rating agencies. The Bank has been assigned a Long-Term Issuer Default Rating, IDR, of ‘B-‘ with a Stable Outlook, a Viability Rating, VR, of ‘b-‘, and a National Long-Term […]

News

Abia sets ₦200m fee for presidential campaign billboards permit

Abia State Government says every political party’s presidential candidate intending to campaign through billboards and posters will pay N200 million to obtain campaign advertising permit. The Abia State Structures for Signages and Advertising Agency disclosed this on Wednesday in Aba, during a “Stakeholders Forum on Political Campaign Advertising Fees”. The forum has the theme: “Order […]

Opinion

SEREC warns of naira pressure from new US tariff hike

The Sea Empowerment & Research Center has warned that the United States’ decision to impose a 12.5 per cent tariff on Nigerian exports could undermine the country’s non-oil export drive, weaken foreign exchange earnings and further expose the fragility of the nation’s economy if urgent countermeasures are not adopted. In a policy analysis titled, “The […]

Investment

First Lady empowers 1,000 petty traders with ₦50m grant in Osun

The First Lady, Sen. Oluremi Tinubu, on Wednesday disbursed N50 million to 1,000 petty traders in Ile-Ife, Osun, under the Renewed Hope Initiative. The empowerment programme, held at Kensington Hall, Ooni’s Palace, Ile-Ife, provided N50,000 each to the beneficiaries to support and expand their businesses. Represented by Alhaja Kudirat Fakokunde, the All Progressives Congress, APC, […]

Scams

Immigration warns public against fake websites, scammers

The Nigeria Immigration Service has warned members of the public against scammers and fake websites impersonating its official platforms. The warning, issued via its official social media platforms on Thursday in Abuja, also urged applicants to use only authorised portals for all immigration-related services. The service said the warning became necessary to protect Nigerians and […]

featured News

Civil service boss admits failure as Reps probe fake agency scandal

The Head of Civil Service of the Federation, Mrs. Esther Didi Walson-Jack, on Wednesday admitted before the House of Representatives Ad-hoc Committee investigating the alleged creation of the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council without legal backing that her office failed to carry out adequate due diligence before issuing key […]

Banking

Bank customers’ complaints rise 11% as CBN orders ₦19.12bn refund

Bank customers filed more complaints against financial institutions in 2025, prompting the Central Bank of Nigeria to order significant refunds to affected consumers. Bank customers lodged 23,129 complaints against financial institutions in 2025, representing 11 per cent increase over the previous year, prompting the Central Bank of Nigeria, CBN, to order refunds totaling N19.12 billion […]

featured Finance

Naira holds steady at ₦1,358.63/$ in official FX market

The United States Dollar traded against the Nigerian Naira at an official rate of approximately 1,358.63 Naira per dollar in the Nigerian Foreign Exchange Market on Thursday, July 30, 2026. Spot market transactions opened near 1,365.69 Naira per dollar and moved between 1,356.61 Naira and 1,361.25 Naira per dollar during early trading sessions across the […]

Oil and Gas

Nigeria’s crude oil export earnings drop 14.41% to $31.54bn

Nigeria’s crude oil export earnings dropped in 2025 compared to the previous year, according to the Central Bank of Nigeria. The Federal Government’s crude oil export earnings fell 14.41 per cent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil […]

Business

World Bank warns Nigeria risks missing AI revolution without urgent action

Nigeria and other developing economies risk being left behind in the global artificial intelligence revolution unless they move swiftly to adopt and adapt the technology to local needs, the World Bank Group’s Chief Economist and Senior Vice-President for Development Economics, Indermit Gill, has warned. Gill issued the warning on Wednesday while delivering the keynote address […]

Business

Okonjo-Iweala urges Nigeria to sustain reforms to attract global opportunities

Nigeria must sustain its macroeconomic reform agenda and ensure the gains translate into job creation and improved living standards if it is to capitalize on changes in global trade, the Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has said. Speaking at the opening of the 7th Africa Emerging Markets Forum in Abuja on Wednesday, […]

Banking

Sterling Bank H1 pre-tax profit rises 22% to N55.53bn

Sterling Bank posted a pre-tax profit of N55.53 billion for the first half of 2026, up 21.92 per cent from N45.55 billion recorded in the corresponding period of 2025. In the second quarter, the bank reported a pre-tax profit of N27.62 billion, representing a marginal 1.07 per cent decline from N27.92 billion in the first […]

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