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

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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

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NAICOM revokes universal insurance licence over capital shortfall

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Travel

UK rejected over 1.3 million Nigerians visa applications since 2005

The United Kingdom rejected at least 1,344,595 Nigerian visa applications between 2005 and the first quarter of 2026, official Home Office data obtained by The PUNCH revealed. The rejection rate places Nigeria second globally in total visa refusals, behind only India and ahead of Pakistan and China, among others, as Nigerians alone accounted for 44.4 […]

Food

Malaysia pledges support to bridge Nigeria palm oil deficit

The Malaysian Palm Oil Council has pledged to support Nigeria with technical expertise, research collaboration and investment opportunities to help close the country’s estimated one million metric-tonnes palm oil supply gap. The council also announced the establishment of a representative office in Lagos as part of efforts to deepen engagement with stakeholders across Nigeria’s palm […]

Tech

Ford rehires 350 engineers after AI fails quality control expectations

Ford executives said the automaker has hired 350 experienced engineers, including former employees and specialists recruited from supplier companies, after artificial intelligence and automated quality control systems failed to meet the company’s quality expectations. Ford’s Chief Operating Officer, Kumar Galhotra, said the company had increasingly relied on automated quality systems, but the results fell short […]

Business

NDPHC deploys AI to boost power plant efficiency

The Niger Delta Power Holding Company has deployed artificial intelligence and machine learning technologies to enhance the efficiency of its power plants by predicting equipment failures and reducing operational downtime, as part of efforts to increase electricity generation. The Managing Director and Chief Executive Officer of NDPHC, Jennifer Adighije, disclosed this during an engagement with […]

Business

Banks urged to deepen QR code payment adoption

Association of Corporate Communication and Marketing Professionals in Banks has urged Nigerian banks to accelerate the adoption of digital payment channels, particularly QR code payments, to further strengthen the country’s financial technology ecosystem. The appeal was made during a courtesy visit by the association to the Nigeria Inter-Bank Settlement System in Lagos, where both organisations […]

Business

PenCom unveils child pension registration, FX contribution scheme

The National Pension Commission has unveiled an ambitious operational roadmap for the 2026 fiscal year, introducing a first-of-its-kind child registration initiative and foreign currency-denominated contribution options aimed at expanding pension coverage and strengthening financial inclusion across Nigeria. The roadmap, outlined in PenCom’s fourth-quarter 2025 industry report titled Stronger Pensions, Stronger Nigeria, signals the launch of […]

Business

FCCPC questions slow fuel price cuts despite global crude price drop

The Federal Competition and Consumer Protection Commission has expressed concern over what it described as potential consumer exploitation in Nigeria’s downstream petroleum sector, citing the failure of fuel prices to fall significantly despite a sharp decline in global crude oil prices. According to the commission, ongoing market surveillance indicates that local refiners, depot operators, fuel […]

featured Finance

NGX investors lose ₦2.4tn as profit-taking continues

The Nigerian stock market has sustained profit taking for second consecutive weeks, as investors lost over N2.4 trillion to price declines. The investors had lost over N5.6 trillion the previous week following massive selloff in high and mid capitalised stocks. Market analysts are of the view that the negative close reflects the market’s current phase […]

featured Helth

Nigeria plans first local veterinary hormonal drug manufacturing plant

Nigeria could soon begin producing veterinary hormonal drugs locally, as Chromedix Pharmaceuticals Limited has approached the Federal Ministry of Livestock Development with a proposal to build the country’s first manufacturing facility for such products. Vanguard reported that this comes five months after the ministry raised alarm over the persistent circulation of substandard and falsified veterinary […]

featured Policy and Regulations

Pharmacists urge Akpabio to stop NHFRA bill, cite possible sector crisis

The Association of Community Pharmacists of Nigeria on Sunday urged Senate President Godswill Akpabio to halt the proposed National Health Facility Regulatory Agency Bill, warning that the move could trigger another round of crisis in Nigeria’s fragile health sector. Vanguard reported that, in a petition to the Senate, the pharmacists described the bill as an […]

Banking

Providus, Unity Bank complete merger, launch unified banking operations

Providus Bank and Unity Bank are set to begin operations as a single unified institution following the successful completion of their business combination and the fulfilment of all required regulatory, shareholder, and court approvals. In a statement issued on Sunday, the bank said the newly established ProvidusUnity Bank will operate as a stronger, consolidated financial […]

Aviation

NiMet plans nationwide protest over alleged NAMA revenue non-remittance

Operations at airports across Nigeria may be disrupted from Wednesday as workers of the Nigerian Meteorological Agency prepare to begin a nationwide protest over the alleged failure of the Nigerian Airspace Management Agency to remit statutory revenue owed to the agency. The planned industrial action was announced by the NiMet Unions Joint Action Committee, which […]

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