Business

Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

NAFEM turnover hits $1.41bn, highest in weeks

  • 18th August 2026

US states seek major changes as Meta child

  • 18th August 2026

Contact Info

Some Populer Post

BudgIT urges FG not to dismiss US transparency report

Opinion

Naira holds steady at ₦1,350/$ in official FX market

Finance

Federal, states, LGs share ₦3.007trn July FAAC

featured Finance

NAICOM revokes universal insurance licence over capital shortfall

featured Policy and Regulations

Blog

Tech

Frequent AI users more likely to believe vaccine myths – Report

Adults in the United States who regularly use artificial intelligence chatbots for health advice are more likely to believe false claims about vaccines, according to a new survey released on Tuesday by health research firm KFF. The poll, conducted in May among a nationally representative sample of 2,480 U.S. adults, found that frequent AI users […]

Maritime

NPA backs Abuja MoU programme to boost maritime safety standards

Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Vanguard reported that speaking at the programme’s launch in Abuja, Dantsoho reaffirmed the […]

featured Finance

World Bank to end loans to China by 2031

The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift in its relationship with the world’s second-largest economy. Financial Times reported that according to a World Bank official who spoke on condition of anonymity, the decision reflects China’s economic progress over the past […]

Crypto

Trump’s crypto empire generated more than $1bn in annual earnings

United States President Donald Trump earned more than $1 billion from his cryptocurrency ventures last year. This is according to a federal financial disclosure released on Monday, significantly boosting his overall annual income. Since returning to office for a second term, Trump and his family have expanded their investments in digital assets and crypto-related businesses. […]

Electricity

DisCos earn N801.16bn despite months of power outages

Electricity distribution companies collected a total of N801.16bn from consumers between January and April 2026 despite persistent power outages and supply constraints across the country, according to data from the Nigerian Electricity Regulatory Commission. The regulator’s commercial performance factsheets showed that the 11 DisCos recorded collections of N204.74bn in January, N196.68bn in February, N196.13bn in […]

Business

FG clears $2.76bn financing package for transport, agriculture, MSMEs

The Federal Executive Council has approved financing packages totalling approximately $2.76 billion, €200 million and N215 billion to fund key projects across the transportation, agriculture, renewable energy, infrastructure and micro, small and medium-sized enterprises sectors. The approvals were disclosed by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, following Monday’s FEC […]

Business

Nigeria emerges Africa’s best performer on IMD economic performance index

Nigeria ranked as the strongest-performing African economy in the economic performance category of the 2026 International Institute for Management Development World Competitiveness Ranking, outperforming the five other African countries included in the assessment. The IMD report, which evaluated 70 economies across four pillars—economic performance, government efficiency, business efficiency and infrastructure—placed Nigeria 55th globally in economic […]

featured

US drops restrictions on Anthropic’s Mythos, Fable models

The United States has lifted a licensing requirement that required Anthropic to obtain government approval before exporting its Mythos and Fable AI models overseas, a restriction that had effectively blocked public access to what are widely regarded as the most advanced AI models released so far. Anthropic said it will begin restoring access to the […]

Tech

Visa detects nearly $1bn in scam payments amid rising AI fraud

Visa detected nearly $1 billion in scam-related payment activity over a six-month period, highlighting how fraudsters are increasingly using artificial intelligence and sophisticated social engineering tactics to deceive consumers as payment network security continues to strengthen. The finding, contained in Visa’s mid-year 2026 Biannual Threats Report released on Monday, covers the period from July to […]

Telecommunications

NCC plans free data access to Coursera, Google Classroom sites

The Nigerian Communications Commission is working on a new framework that will give Nigerians zero-rated access to educational websites, including platforms such as Coursera, Google Classroom, among others. Zero-rated access means Nigerians will be able to use the selected educational sites without data. Nairametrics reported that according to the consultation paper on the framework, the […]

Aviation

African airlines post 8.9% demand growth in May

African airlines recorded an 8.9 per cent year-on-year increase in international passenger demand in May 2026, with the region’s average passenger load factor improving to 73.4 per cent. The figures were contained in the International Air Transport Association’s latest report on global passenger demand for May 2026, which highlighted Africa as one of the strongest-performing […]

Business

Nigeria seeks compensation for citizens with abandoned businesses in S’Africa

The Nigerian government plans to engage the South African government to seek compensation for Nigerians who were forced to abandon businesses and properties amid ongoing anti-immigrant protests in the country. The Acting Nigerian High Commissioner to South Africa, Alexander Ajayi disclosed this on Tuesday during an appearance on Channels Television’s The Morning Brief. He said […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in