Thursday, October 8, 2026

Economy

July 16, 2026

FAAN set to introduce facial ID screening at airports

The agency said the system will enable passengers to verify their identities digitally, reducing reliance on physical identification documents at airports.

FAAN
July 16, 2026

Diaspora remittances set to hit $1 billion monthly: CBN Gov

Mr Cardoso said reforms introduced by the apex bank had restored stability in the foreign exchange market and improved investor confidence.

Olayemi Cardoso
July 16, 2026

FG unveils Nigeria Genomic City to drive research, innovation

The federal government has unveiled the Nigeria Genomic City initiative as part of efforts to transform the country into a knowledge and innovation-driven economy.

Tunji Alausa
July 16, 2026

U.S. to impose 25% tariff on Brazilian imports

Last year, President Donald Trump imposed a 50 per cent tariff on Brazil that was later struck down by the U.S. Supreme Court, which deemed the emergency law unlawful.

Donald Trump
July 16, 2026

SpaceX shares slide below IPO price for first time

Elon Musk-owned SpaceX’s shares stumbled below their initial public offering (IPO) price for the first time on Wednesday, just over a month after the company went public.

SpaceX, Elon Musk
July 16, 2026

Africa risks losing $300 billion blue economy potential, BRACED chair warns

BRACED boss noted that Africa’s blue economy has an estimated annual value of more than $300 billion if properly harnessed.

Minister of Marine and Blue Economy, Gboyega Oyetola
July 16, 2026

Lack of practice, mentorship hampering engineering sector’s progress: NBTE

NBTE boss noted that the Lagos-Calabar Coastal Highway and Sokoto-Badagry Super Highway were designed offshore.

Idris Bugaje
July 16, 2026

Jack-Rich, Trump seek closer U.S.-Nigeria ties

Mr Trump endorsed Mr Jack-Rich’s call for closer engagement, saying Africa possesses extraordinary economic potential that should not be overlooked by the U.S.

Jack-Rich standing with Eric Trump
July 16, 2026

Abia, Enugu collaborate to train 150,000 tech talent

Abia and Enugu have called for stronger regional collaboration to train 150,000 tech talents and incubate 3,000 startups across Nigeria.

Governor Alex Otti and Governor Peter Mbah
July 16, 2026

TransDigm abandons acquisition of Stellant Systems after DOJ’s decision to block transaction

TransDigm Group has abandoned its attempt to acquire rival defence and industrial component manufacturer Stellant Systems.

TransDigm, Stellant Systems