Baobab Microfinance, a leading provider of financial services to small and medium enterprises and micro-entrepreneurs, has further showcased its commitment to empowering businesses across Nigeria reaching over 407,000 customers. With a total loan volume exceeding N323 billion, Baobab has played a pivotal role in supporting the growth and development of countless businesses, contributing significantly to economic development and job creation …

A United Airlines flight, a Boeing 787-8 outbound from Lagos to Washington Dulles, on Thursday, declared an emergency and made an air return to Lagos. Having established a return track to Lagos, PUNCH Online gathered that the aircraft crew maintained the emergency transponder code 7700 (Emergency signal) with the control tower till it landed. The aircraft, initially bound for Washington …

Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA), in collaboration with state government, has concluded plans for the 14th edition of the Gateway International Trade Fair scheduled to hold between 7 and 17 February. During a media briefing held at the chambers headquarters in Abeokuta, the state capital, OGUNCCIMA President, Mr. Niyi Oshiyemi disclosed that the theme for this …

Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, has said that the tariff in the telecommunications sector would be reviewed periodically. Edun spoke to Arise TV, yesterday at the ongoing 2025 World Economic Forum (WEF), in Davos, Switzerland. The Nigerian Communications Commission, NCC, had on Monday, granted approval to telcos to implement a 50 per …

The Federal Government, through the Central Results Delivery Coordination Unit, has urged the Ministry of Aviation and Aerospace Development and the Nigerian Civil Aviation Authority to revisit a draft policy proposing stricter sanctions on airlines for the increasing number of flight delays and cancellations across the country. The Special Adviser to the President on Policy and Coordination and head of …

Billionaire tech CEO turned government adviser for President Donald Trump, Elon Musk openly questioned a new artificial intelligence initiative hours after the president announced it. Musk claimed on Tuesday that the new AI initiative, called Stargate, did not have the funding necessary to fulfil its goal of investing $500 billion in building AI infrastructure in the United States over the …

The Office of the Accountant General of the Federation (OAGF), has released N22 billion to partially settle unpaid accrued pension rights for retirees of Federal Government Treasury-funded Ministries, Departments, and Agencies (MDAs) under the Contributory Pension Scheme, CPS. According to the National Pension Commission (PenCom), the payment is part of the 2024 Appropriation for the period July to September. In …

A technology innovation expert, Hanu Fejiro Agbodje has projected that cryptocurrency and other Asset Cloud properties would unlock prosperity across the world. He therefore advocated that Nigeria should build a Bitcoin reserve, in the same manner as there are gold and dollar reserves. An estimated 33% of Nigeria’s population now invests in cryptocurrency, making the country the second only to …

The Central Bank of Nigeria (CBN) has encouraged businesses to adopt export activities as a strategy to maximise opportunities presented by the weakened naira. This appeal was made by the Deputy Governor of Economic Policy, CBN, Muhammad Abdullahi, on Tuesday during his keynote address at the 11th National Economic Outlook: Implications for Businesses in Nigeria 2025, organised by the Chartered …

The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, on Tuesday defended the decision to approve a 50 per cent tariff hike for telecom services, despite widespread backlash and legal threats from advocacy groups and subscribers. Minister Tijani, who appeared before lawmakers to defend the ministry’s budget, explained that the tariff hike was driven by broader economic pressures, including …