₦2.5bn Fraud: Court Discharges Stella Oduah After Plea Bargain
- NEWS
- March 27, 2026
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AfDB Approves $200m Credit Boost for Nigerian SMEs Through Bank of Industry0
- NEWS
- May 17, 2026
Nigeria’s small business sector has received a major financial lifeline as the African Development Bank approved a $200 million funding package through the Bank of Industry to expand access to long-term credit for small and medium-sized enterprises. The facility is designed to support businesses operating in key sectors such as agriculture, infrastructure, transportation, healthcare, pharmaceuticals,
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Cardoso Unveils Updated FX Manual, Cautions Operators Ahead of Rollout0
- NEWS
- May 16, 2026
Olayemi Cardoso has launched the fourth edition of the Foreign Exchange Manual, introducing a revised framework aimed at modernising FX administration while warning market operators against misconduct before its June 1, 2026 implementation. Speaking in Abuja, the Central Bank of Nigeria governor said the updated manual reflects efforts to align FX management with global realities
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Nigeria Spends $6bn Annually on Textile Imports as Enoh Pushes CTG Sector Revival0
- NEWS
- May 16, 2026
John Owan Enoh has revealed that Nigeria spends about $6 billion yearly on textile imports, stressing the urgent need to revive the Cotton, Textile and Garment (CTG) sector to conserve foreign exchange and boost job creation. Speaking at the Phase 1 completion of the National CTG Industrial Transformation Programme in Abuja, the minister said the
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Court Sets May 25 to Rule on Bail for Ex-Skye Bank Plc Chairman Tunde Ayeni in Alleged ₦15.6bn Fraud Trial0
- NEWS
- May 14, 2026
Justice Jude Onwuzuruike of the FCT High Court in Apo, Abuja, has fixed May 25 to determine whether Tunde Ayeni, former chairman of Skye Bank Plc, will be granted bail in his ongoing alleged corruption trial. The date was set after hearing arguments from both defence and prosecution, with the Economic and Financial Crimes Commission
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Nigeria Customs Service Ogun Command Intercepts ₦6.77bn Worth of Cannabis, Rice, Oil and Other Contraband in 41 Days0
- NEWS
- May 14, 2026
The Ogun I Area Command of the Nigeria Customs Service has seized contraband goods valued at over ₦6.77 billion within 41 days, including more than 10,000 parcels of cannabis indica (“Ghana Loud”), through intensified intelligence operations and inter-agency collaboration across Ogun State. Acting Area Controller, Olukayode Afeni, disclosed that the operation led to 73 seizures,
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REA, Partners Launch $188m Fund to Expand Solar Power Capacity by 191MW Across Nigeria0
- NEWS
- May 14, 2026
The Rural Electrification Agency and partners have launched a $188 million financing initiative aimed at expanding distributed solar power capacity by 191 megawatts across Nigeria. Barton Heyman Limited, in partnership with the Rural Electrification Agency, UK PACT, First City Monument Bank, and ARMHIIL, will raise the funds under the Green Finance Investment Facility (GFIF) to
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