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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

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Apple unveils new commission rates for external app payments

Tech

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

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Aviation

Nigeria records 13-month run without imported aviation fuel

Nigeria’s domestic refineries have fully replaced imported Aviation Turbine Kerosene, commonly known as aviation fuel or Jet A-1, with official industry data showing that local producers supplied the entire aviation fuel market over the past 13 months. An analysis of the latest petroleum supply statistics from the Nigerian Midstream and Downstream Petroleum Regulatory Authority revealed […]

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Banks maximum lending rate falls to 33.16% in June

Nigeria’s average maximum lending rate fell to 33.16 per cent in June 2026 from 34.78 per cent in May, indicating a modest easing in borrowing costs as the Central Bank of Nigeria maintained its benchmark interest rate amid improving macroeconomic conditions. Data from the CBN’s latest Money Market Indicators showed that the decline followed the […]

Business

Senate replaces outdated insurance law with new regulatory framework

The Senate has repealed the nearly 30-year-old National Insurance Commission Act of 1997, saying the law had become outdated and was no longer sufficient to regulate Nigeria’s evolving insurance industry. To address gaps in the existing legislation, lawmakers on Tuesday passed the Insurance Regulatory Commission Bill, 2025, which seeks to establish a modern legal framework […]

Business

New Zealand hotels booked two years ahead of total eclipse

Hotels in Dunedin, New Zealand, are already receiving bookings for 2028, with some accommodation providers filling up two years ahead of the city’s first total solar eclipse in more than 850 years. At 4:17 p.m. on July 22, 2028, the moon will pass directly in front of the sun, casting a roughly 100-kilometre-wide shadow across […]

Aviation

Gatwick Airport water outage leaves passengers without toilets, restaurants services

A water supply failure at Gatwick Airport, United Kingdom left passengers without working toilets and forced bars and restaurants to suspend services. Passengers reported online that they were unable to get hot drinks, wash their hands or refill water bottles at the airport in Sussex. The disruption also affected parts of the wider Sussex and […]

Transportation

Ghana to evacuate 1,000 more workers from South Africa

One thousand more Ghanaian migrant workers would start returning on Sunday and Monday from South Africa, where there have been violent protests against migrants, the government said. Ghanaian authorities have already brought 926 people out of South Africa and have made outspoken criticism of the deadly events in the continent’s major economy. The foreign ministry […]

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Pharmaceutical firms’ finance costs jump 46.5% amid high interest rates

Nigerian pharmaceutical companies listed on the Nigerian Exchange recorded a 46.5 per cent increase in combined finance costs in the first quarter of 2026, as high interest rates and growing reliance on debt continued to squeeze profitability across the sector. For stock market-listed companies, finance costs (also called finance expenses or borrowing costs) are the […]

Ports and Airports

FAAN launches probe into viral Delta airport security altercation

The Federal Airports Authority of Nigeria has launched an investigation into a viral video showing an altercation between an Aviation Security personnel and a passenger at Osubi Airport in Delta State, pledging to sanction any officer found to have breached its operational procedures or professional standards. The PUNCH reported that FAAN disclosed this in a […]

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NDLEA nabs Lagos businessman over 3.30kg cocaine export bid

Operatives of the National Drug Law Enforcement Agency have arrested a 55-year-old Lagos businessman, Onuigbo Ndubisi Chinedu, over an alleged attempt to export 3.30kg of cocaine concealed in the walls of cartons used to package foodstuffs destined for the United Kingdom. The agency said Chinedu, a clothing trader at the popular Balogun Market on Lagos […]

featured Finance

Global FDI hits $1.6trn in 2025 as Nigeria’s inflow drops

Global foreign direct investment rose by six per cent to $1.6 trillion in 2025, up from $1.5 trillion in 2024, although the growth remained concentrated in developed and high-income economies. The United Nations Conference on Trade and Development disclosed this in its 2026 World Investment Report, titled International Investment in a Turbulent Era. According to […]

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Etihad Airways to resume flight operations in Nigeria

Etihad Airways has officially announced plans to resume flight operations to Nigeria following a courtesy visit by a delegation from the Abu Dhabi-based airline to the Minister of Aviation and Aerospace Development, Festus Keyamo, in Abuja. The development was disclosed in a statement by the Minister’s Special Adviser on Media and Communications, Tunde Moshood, who […]

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