HomeNews

News

BoI Promises Transparency in N75bn MSMEs Intervention Fund

Bank of Industry (BoI) has reiterated its commitment to improving access to affordable financing for the Micro Small and Medium Enterprises (MSMEs) by the continuous disbursement of the N75 billion intervention fund aimed at empowering MSMEs, creating over 75,000 direct jobs and 150,000 indirect jobs nationwide.

BVN-Linked Accounts Rise to 66 million

The Nigeria Inter-Bank Settlement System (NIBSS) data has shown that the number of Nigerian bank account owners linked to Bank Verification Number (BVN) hit 66.2 million at the end of July, 2025.

Power Minister Vows to Deliver Stable Electricity

The Minister of Power, Adebayo Adelabu, has once again assured Nigerians of President Bola Tinubu’s determination to ensure that citizens enjoy a full and uninterrupted electricity supply before he leaves office.

Nigeria Gets Eight Agro-industrial Hubs from AfDB

Eight Special Agro-Industrial Processing Zones have been completed by the AfDB and its partners in Nigeria under Phase I, while 28 more are in the pipeline across the country.

Fuel Imports Surge to 71% as Marketers Abandon Local Refineries

Data from the downstream regulator of the oil sector has revealed that marketers have resumed large-scale importation of refined petroleum products, choosing not to patronise local refineries.

N712bn Terminal Revamp Funded from Subsidy Removal Savings – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has defended plans by the Federal Government to remodel the Terminal One of the Murtala Muhammed International Airport in Lagos with ₦712bn, saying it is a quest to meet world-class standards.