Manufacturers Worry As Nigeria’s Economy Now 57% Service-driven
Nigeria’s economy is increasingly dominated by the services sector, now accounting for 57 percent of GDP—a structural tilt that is...
Wednesday, August 26, 2026
Lead-In
OPEC Output Hike To Stay Till July
The global oil market is closely watching the Organization of the Petroleum Exporting Countries (OPEC) and its allies as the...
$1.25bn Annual Loss: Maritime Bank Secures $150m To Upgrade Shipyards
In a move aimed at curbing Nigeria’s staggering annual loss of $1.25 billion resulting from the absence of functional shipyards,...
FG Unveils $50m Impact Fund To Empower MSMEs
In a fresh move to tackle youth unemployment and strengthen small businesses, the federal government has committed $50 million to...
ngCERT Alerts Nigerians To Android Malware Hijacking WhatsApp, Banking Apps
The Nigeria Computer Emergency Response Team (ngCERT) has issued a high-level security alert, warning Nigerians of a dangerous Android malware...
Banks Slash Loans To Manufacturers By 26%, Lending Falls To N8trn
Banks have significantly slashed credit to Nigeria’s manufacturing sector, with total loans falling by 26 per cent year-on-year to N8...
Banks, Telcos May Adopt Unified Error-handling Protocols
Nigerian banks and telecom operators are considering adopting a unified error-handling protocol to curb persistent failures in USSD transactions, findings...
Nigeria Loses $8.8bn Annually To Informal Economy – AfDB
Nigeria loses an estimated $8.8 billion every year due to its large informal economy, the African Development Bank (AfDB) revealed...
BDCs Seek Deadline Extension As 90% Miss Recapitalisation
With less than 10 per cent of Bureau De Change (BDC) operators meeting the Central Bank of Nigeria’s (CBN) new...
Nigeria Exits IATA List Of Countries Blocking Airlines’ Revenues
The International Air Transport Association (IATA) has confirmed the removal of Nigeria from its list of countries withholding international airlines’...
