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BOI to channel 80% large enterprise loans towards

  • 16th August 2026

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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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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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Ports and Airports

NPA expects 38 vessels at Lagos ports by August

The Nigerian Ports Authority says 38 vessels laden with petroleum products, food items and other cargoes are expected to berth at Apapa, Lekki Deep Sea Port and Tin Can Island Port between July 29 and August 7. The authority disclosed this in its Daily Shipping Position released on Wednesday. According to the NPA, 14 vessels […]

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Consumer credit falls for first time in six years

Nigeria’s consumer credit declined for the first time in six years, falling by 19.89 per cent to N3.78tn in 2025 from N4.72tn a year earlier, as elevated interest rates dampened household borrowing, according to the Central Bank of Nigeria. The decline, disclosed in the CBN’s 2025 Annual Report and Statement of Accounts, ended a growth […]

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2026 budget: FG earmarks ₦400bn for palaces, mosques, civic centres

Nearly N400bn was set aside in the 2026 budget by about 78 Ministries, Departments and Agencies of the Federal Government for the construction and rehabilitation of community halls, mosques, traditional rulers’ palaces, village market squares and civic centres, findings by The PUNCH have shown. More than half of the N400bn was earmarked for non-developmental projects […]

Entertainment

BTS snubs 2027 Grammys over new Asian pop category

Korean pop band BTS said on Wednesday that they will not submit music for consideration at the 2027 Grammy Awards. “We have decided not to submit an entry for Grammy consideration this year. We hope music can be heard and loved for what it is, rather than being divided into region or language,” the group’s […]

Tech

DoorDash launches drone delivery unit

DoorDash has launched a new drone delivery business, DoorDash Air, after securing a Part 135 air carrier certification from the United States Federal Aviation Administration, allowing the company to legally operate a commercial drone delivery service in the U.S. The new unit, developed by DoorDash’s robotics and autonomy team, will eventually be integrated into the […]

Tech

Microsoft faces UK probe over Microsoft 365 Copilot subscription pricing

Microsoft is facing a fresh consumer-protection investigation in the United Kingdom over the way it marketed higher-priced Microsoft 365 subscriptions bundled with its Copilot AI assistant, raising regulatory concerns about its strategy to generate recurring revenue from AI-powered features. The UK’s Competition and Markets Authority is examining whether Microsoft provided customers with clear and transparent […]

News

Gov Mbah approves recruitment of 6,580 teachers for smart schools

Enugu State Governor, Peter Mbah, has approved the recruitment of 6,580 qualified candidates into various academic, technical and administrative roles across public primary and junior secondary schools in the state, with a strong focus on staffing the state’s 267 Smart Green Schools. This was contained in a job vacancy advertisement issued by the Executive Chairman […]

News

NFIU, IGP partner against money laundering, terrorism financing

The Inspector-General of Police, Olatunji Disu, has pledged stronger collaboration between the Nigeria Police Force and the Nigeria Financial Intelligence Unit to combat money laundering, terrorism financing and other financial crimes. Disu gave the assurance while receiving the Director and Chief Executive Officer of the NFIU, Hafsat Bakari, during a courtesy visit to the Force […]

Travel

US to end routine visa services at Abuja embassy August 1

The United States has announced a major visa shake-up across Africa, with routine visa services at its embassy in Abuja and 24 other diplomatic posts set to be discontinued effective August 1, 2026. The US Department of State said the realignment to regional hubs was part of efforts aimed at strengthening national security, cutting government […]

Finance

FG exceeds 2024 borrowing target by ₦4.79tn over revenue shortfall

The Federal Government exceeded its 2024 borrowing target by N4.79tn after a wider-than-projected budget deficit forced it to raise significantly more financing than originally planned, the Budget Office of the Federation has disclosed. According to the latest Fourth Quarter and Consolidated Budget Implementation Report for 2024, the Federal Government’s new borrowings rose to N12.62tn, exceeding […]

Business

FIFA proposes $20bn World Cup commercial rights sale plan

FIFA is planning to establish a new commercial subsidiary valued at $20 billion as the global football governing body seeks to boost revenue from its competitions and increase financial support for football associations worldwide. The proposed entity, FIFA Forward Enterprise, will consolidate FIFA’s commercial activities—including broadcast rights, sponsorship, ticketing and licensing—with the operational management of […]

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