Business Pointer Admin

Atiku accuses Tinubu of seeking $21.6bn loans for political campaigns

By Seun Ibiyemi Former Vice President Atiku Abubakar has accused President Bola Tinubu’s administration of seeking to use a proposed external borrowing plan worth more than $21.5 billion to fund political campaigns rather than genuine infrastructure development. Atiku, who made the allegation in a statement issued by Phrank Shaibu, Director of Strategic Communication for the…

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SAHCO wins Air Algérie ground handling contract for Lagos, Abuja airports

By Seun Ibiyemi Skyway Aviation Handling Company Plc (SAHCO) has secured a ground handling contract with Air Algérie for operations at the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport, Abuja, strengthening its presence in Nigeria’s aviation services market. The agreement adds to SAHCO’s growing portfolio of international airline clients and reflects…

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INEC probes suspected AI-generated photos in voter register, promises corrections

By David Oluwatosin The Independent National Electoral Commission (INEC) has launched a review of suspected AI-generated photographs and questionable registration records identified in Nigeria’s Preliminary Register of Voters, assuring Nigerians that verified irregularities will be corrected before the final register is certified. The commission said the online register published on October 26, 2026, was the…

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Customs vows to protect Nigeria’s FATF Grey-list exit, strengthen anti-money laundering efforts

By Seun Ibiyemi The Nigeria Customs Service (NCS) has pledged to sustain Nigeria’s removal from the Financial Action Task Force (FATF) grey list, describing the achievement as a major national milestone that requires continued vigilance and stronger institutional cooperation. The Service gave the assurance at a stocktaking meeting held at its headquarters in Abuja on…

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Tegbe unveils roadmap to stabilise grid, boost electricity supply

By Seun Ibiyemi Nigeria’s Minister of Power, Joseph Tegbe, has unveiled a roadmap to stabilise the national electricity grid, expand transmission capacity and attract fresh investment into the power sector, with a renewed focus on delivering measurable improvements in electricity supply. Tegbe disclosed this at the opening of the Nigeria Energy Leadership Summit 2026 at…

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Tinubu seeks senate approval for $20.52bn, €1.045bn external borrowing plan

By Seun Ibiyemi President Bola Tinubu has asked the Senate to approve a supplementary external borrowing plan of $20.52 billion and €1.045 billion to finance infrastructure and development projects across critical sectors of the Nigerian economy. The request, conveyed in a letter read by Senate President Godswill Akpabio during plenary on Tuesday, covers the Federal…

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NIMASA Deep Blue project boosts maritime security with new surveillance, tactical equipment

By Seun Ibiyemi The Deep Blue Project has unveiled new surveillance technology, unmanned aerial vehicles (UAVs), armoured vehicles and tactical equipment to strengthen Nigeria’s maritime security operations and combat illegal activities in the country’s territorial waters. The new equipment was presented by the Chief Executive Officer of HLS International, Tal Spector, the technical partner to…

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