Business

Crude oil prices rise as Iran rules out

  • 17th August 2026

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

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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EU gives Nigeria €1.5m to fight cholera outbreak

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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 […]

Business

Senate gives NNPC auditors one week to explain ₦210tn in accounts

The Senate Public Accounts Committee on Wednesday directed the external auditors of the Nigerian National Petroleum Company Limited to submit, within one week, a comprehensive breakdown of more than ₦210tn contained in the company’s audited financial statements, saying the figures remained insufficiently explained. The committee insisted that the auditors must account for the financial records […]

Aviation

Nigeria adopts ICAO e-passport verification system

Nigeria has adopted the International Civil Aviation Organization’s e-passport verification system, allowing Nigerian electronic passports to be authenticated more efficiently at border control points in countries that are members of the ICAO Public Key Directory. The Nigeria Immigration Service announced the development in a statement issued on Wednesday, July 15, 2026. The adoption follows the […]

Tech

Meta sued over alleged AI use to select employees for layoffs

Dozens of Meta employees have filed a lawsuit accusing the social media giant of using artificial intelligence tools to identify workers for mass layoffs, alleging that the systems disproportionately targeted employees who requested protected leave, maternity leave, or disability accommodations. The lawsuit, filed on Monday in the U.S. District Court for the Northern District of […]

Business

Bank of England urges global alliance to tackle AI threats

Bank of England Governor Andrew Bailey has called for greater international cooperation to address the growing risks posed by artificial intelligence, warning that neither the United States nor the Trump administration can tackle the challenge alone. His remarks come weeks after US President Donald Trump temporarily barred foreign users from accessing Anthropic’s advanced Claude Mythos […]

Business

Nigeria’s inflation drops to 15.91% in June

Nigeria’s headline inflation rate eased marginally to 15.91 per cent in June 2026, down from 15.93 per cent in May. This is according to the latest Consumer Price Index report. The figure also marked a sharp decline from 25.29 per cent recorded in June 2025, indicating a sustained slowdown in headline inflation on a year-on-year […]

Policy and Regulations

Ghana to sanction TV stations airing Nollywood movies illegally

The Ghana government has announced plans to sanction television stations that air Nigerian films without authorisation. The Deputy CEO of the Ghana National Film Authority, James Gardiner, announced the country’s plans to crack down on television stations that broadcast Nigerian movies without proper licensing. Gardiner made the announcement in a video during a conversation with […]

Telecommunications

FG targets 40 million homes with free 100 TV channels

The Federal Government has said the renewed Digital Switch Over project is designed to deliver up to 100 free-to-air television channels to at least 40 million households across Nigeria through a satellite-based broadcasting system. The Director-General of the National Broadcasting Commission Charles Ebuebu, disclosed this in an interview with the News Agency of Nigeria (NAN) […]

Travel

Ireland allows foreigners travel with expired residence permits till August

Ireland has announced a temporary measure allowing eligible foreign residents to travel with recently expired Irish Residence Permit cards until August 31, 2026, as authorities work to clear a backlog in residence permit renewals. The initiative, announced by the Minister of State for Migration, Colm Brophy, is aimed at assisting non-European Economic Area nationals legally […]

Finance

NELFUND disburses ₦188.1m to three federal institutions

The Nigerian Education Loan Fund has disbursed a combined N188.1 million to three federal institutions for the 2025/2026 academic session. NELFUND announced the disbursements in separate posts on its verified X account on Wednesday, with all three schools confirming receipt of the funds. The fresh disbursements covered the Federal University of Environment and Technology in […]

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