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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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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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Cardoso reiterates CBN’s commitment to transparent monetary reforms

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Friday held a thought-provoking discussion with Nobel Prize-winning economist Dr. James Robinson, who serves as the Reverend Richard L. Pearson Professor at the University of Chicago and Director of the Pearson Institute for the Study and Resolution of Global Conflicts in the United States. […]

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Mixed reactions as Anambra govt demolishes Innoson Motors’ headquarters

The recent demolition of the Head Office of Innoson Vehicle Manufacturing located along Nnewi-Owerri Road in Nnewi North Local Government Area of Anambra State by the state government has sparked mixed reactions. The IVM Head Office building was partially demolished by the Anambra State Government to pave the way for an ongoing road expansion project […]

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Ford halts shipments of SUVs, trucks, sports cars to China

Ford has paused shipments of its SUVs, pick-up trucks, and sports cars to China as it faces growing challenges from retaliatory tariffs. With rates as high as 150%, these tariffs are creating major hurdles for American automakers in the Chinese market. In a statement on Friday, Ford acknowledged the impact of the current trade environment, […]

Grieving widow sues Tesla over defective car model
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Tesla delays US launch of affordable, lower-cost model – Report 

Tesla’s plans for an affordable electric vehicle—a stripped-down version of its best-selling Model Y SUV—have encountered delays, according to Reuters. Originally slated for production in the first half of 2025, the launch has now been postponed to the third quarter of 2025 or early 2026, according to sources familiar with the matter. Tesla has pledged […]

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Keyamo reaffirms Nigeria’s commitment to global aviation standards

Minister of Aviation and Aerospace Development, Festus Keyamo, has reiterated Nigeria’s dedication to upholding top-tier global air transport and facilitation standards. Keyamo made this statement at the 2025 International Civil Aviation Organisation Conference currently taking place in Doha, Qatar. The minister, who was joined by other global aviation experts and chiefs, including the Minister of […]

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CBN launches mystery shopping for BDC compliance with anti-laundry rules

The Central Bank of Nigeria has launched mystery shopping exercises at Bureau De Change outlets to reinforce compliance with anti-money laundering and counter-terrorism financing regulations. This initiative, announced in a circular dated Thursday, and signed by the Director of the Compliance Department, Amonia Opusunju, is part of the CBN’s broader strategy to combat illicit financial […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
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CBN’s secret shoppers to monitor BDCs for compliance

The Central Bank of Nigeria has announced plans to introduce a secret shopper programme to assess compliance by Bureau De Change operators with anti-money laundering and counter-terrorism financing regulations. The directive was communicated to all licensed BDCs in a notice issued on Thursday by the apex bank’s Compliance Department, signed by Amonia Opusunju. The initiative, […]

Business

FG partners Chocolate City to drive Nigeria’s creative sector growth

The Federal Ministry of Arts, Culture, Tourism, and Creative Economy has entered into a landmark three-year public-private partnership with Chocolate City Group, a leading entertainment company in the country. Signed on Thursday in Abuja, the Memorandum of Understanding aims to fast-track the development of creative infrastructure and advance Nigeria’s goal of becoming the cultural hub […]

First Holdco records highest profit in 12 years, posts N663.4bn in 2024
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First Holdco records highest profit in 12 years, posts N663.4bn in 2024

First Holdco, the parent company of Nigeria’s oldest financial institution, First Bank, has reported its strongest financial performance in more than 12 years as after-tax profit soared by 115.1 percent to N663.4 billion in the fiscal year ended December 2024, up from N308.4 billion posted in 2023, according to the company’s audited financial statement. The […]

NACC leadership vows to deepen US-Nigeria trade relations
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NACC leadership vows to deepen US-Nigeria trade relations

The newly inaugurated leadership of the Nigerian-American Chamber of Commerce has pledged to strengthen economic ties between Nigeria and the United States, with a renewed focus on trade facilitation, innovation, and expansion. Speaking in Lagos during his inauguration as the 20th President of the NACC, Sheriff Balogun committed to driving greater engagement between the two […]

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