Business

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

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

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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EU gives Nigeria €1.5m to fight cholera outbreak

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Ecobank retains retirement age, removes director tenure limit

Banking

Court orders banks to freeze 69 accounts over eTranzact

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NDLEA destroys ₦301bn worth of illicit drugs in Lagos

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CBN tightens BDC forex rules with new tracker, 24-hour resale directive

The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker and directed Bureau De Change operators to resell any foreign exchange purchased from the official market that remains unutilised within 24 hours after the approved utilisation period expires. The new operational guidelines, issued by the apex bank, outline the framework for licensed BDCs […]

Ports and Airports

FAAN unveils V-Pass facial recognition for domestic airports

The Federal Airports Authority of Nigeria has unveiled a biometric facial recognition system, known as V-Pass, to improve passenger processing at domestic airports under its management. The authority disclosed the development in a statement posted on its official X account on Thursday. The rollout follows the Federal Government’s approval of the biometric passenger identity verification […]

Investment

FG unveils Genomic City initiative to boost biotechnology

The Federal Government has unveiled the Nigeria Genomic City initiative, a multi-agency project designed to transform the country into a leading hub for genomics, biotechnology and precision medicine. Education Minister, Dr Maruf Tunji Alausa made the disclosure on Thursday in Abuja after a high-level stakeholders’ meeting on the project, revealing that the University of Abuja […]

Business

EU orders Google to open Android features to rivals

The European Commission has ordered Google to grant rivals, including OpenAI, access to 11 features of its Android operating system and to share the search data used to optimise its services. The mandate was given as part of a sweeping set of requirements designed to curb the tech giant’s dominance under the EU’s Digital Markets […]

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Court orders final forfeiture of ₦8.9bn Achimugu’s assets

A Federal Capital Territory High Court in Apo, Abuja, on Thursday ordered the final forfeiture of assets worth about N8.9 billion linked to businesswoman Aisha Achimugu to the Federal Government. The forfeited assets include jewellery valued at N4.65 billion, 11 exotic vehicles worth N4.29 billion, 50,000 dollars, and N30 million in cash. Justice Jude Onwugbuzie […]

Uncategorized

US House votes to withhold aid to Nigeria over rising insecurity

Members of the United States House of Representatives have agreed to an amendment bill that would increase withholding of assistance to Nigeria from 50 per cent to 100 per cent until the West African nation takes effective steps to prevent and respond to violence within its territory. Gregory Stuebe, who represents Florida’s 17th congressional district […]

Business featured

CAC threatens to strike off 100,000 companies again over non-compliance

The Corporate Affairs Commission has commenced another round of striking off companies from its register, placing 100,000 companies at risk of deregistration over failure to comply with statutory filing requirements. Nairametrics reported that the Commission, in a notice issued on Wednesday, July 15, said the exercise is being carried out pursuant to Section 692(3) and […]

News

US approves ₦1.96bn arms sale to Saudi Arabia

The United States’ State Department said Wednesday it has approved the sale of an estimated 1.96 billion dollars in weapons to bolster Saudi Arabia’s air defenses, as the war ramps up in the Middle East. “This proposed sale will support the foreign policy and national security objectives of the United States by improving the security […]

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Kano, Jigawa Customs generate ₦63.07bn in six months

The Kano/Jigawa Customs Area Command generated N63.07 billion in revenue between January and June 2026. According to The PUNCH, the command’s Acting Area Controller, Usman Umar Adamu, disclosed this while briefing journalists on the command’s achievements during the first half of the 2026 fiscal year at the Customs House, Bompai, Kano, on Wednesday. He said […]

Business

CBN allots N1.19tn as investors shun short-term treasury bills

Investors in Nigeria’s Treasury Bills market submitted N2.87 trillion in bids for the 364-day instrument at the July 15 primary market auction, more than seven times the N400 billion offered. The 91-day and 182-day bills were undersubscribed, while the Central Bank of Nigeria allocated a total of N1.19 trillion across the three tenors, according to […]

Economy featured

79% of Nigerians still poor despite reforms — World Bank

Despite nearly three years of sweeping economic reforms by the Federal Government, about 79 per cent of Nigerians remain poor or vulnerable to falling into poverty, highlighting the country’s deepening social and economic challenges. New World Bank documents obtained by The PUNCH show the findings are contained in the World Bank’s newly approved Country Partnership […]

Business

US strikes supertanker near Iran oil terminal

The United States military has struck a supertanker in the Persian Gulf near Iran’s main oil export terminal, marking its first attack on a commercial vessel since reimposing a blockade on the country’s shipping. According to the US Central Command, an American aircraft launched missiles at the empty, US-sanctioned tanker Belma after it repeatedly ignored […]

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