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The Economic and Financial Crimes Commission (EFCC) has disclosed that Nigeria lost more than $500 million to cybercrime in 2022, highlighting the growing impact of online fraud on the nation’s economy. EFCC Chairman, Ola Olukoyede, made the disclosure on Tuesday at the commission’s headquarters in Abuja during a courtesy visit by the Managing Director of […]

Air Peace has commenced flight operations on the Lagos–Conakry–Bamako route, as part of its regional expansion strategy and strengthening air connectivity across West Africa. The inaugural flight departed the Murtala Muhammed International Airport, Lagos, on Saturday, August 1, 2026, linking Nigeria’s commercial capital with Conakry, Guinea, and Bamako, Mali. The airline said the new service […]

By Faruk Shuaibu The Petroleum Technology Development Fund (PTDF) has emphasized the need for journalists to ensure accurate information is published to Nigerians while covering the energy sector. Speaking during a training workshop, the Executive Secretary of PTDF, Prof. Shuaibu Shehu Aliyu, said publishing more accurate, balanced, and insightful reporting helps to strengthen understanding of […]

  Standard Chartered has reported a record financial performance for the first half of 2026, driven by strong growth in its Wealth Solutions and Global Banking businesses, while raising its income outlook for the full year. The international banking group recorded operating income of $11.6 billion, its highest ever for the first half, while profit […]

The Nigerian stock market began August on a positive note, with investors recording a combined gain of N288.44 billion as renewed buying interest in medium and large-cap stocks lifted the market. At the close of trading on Monday, the Nigerian Exchange (NGX) All-Share Index (ASI) advanced by 446.85 points, or 0.18 per cent, to settle […]

Chairman of First HoldCo Plc, Femi Otedola, has revealed plans to increase his shareholding in the financial services group to more than 51%, saying majority ownership is essential to executing the reforms needed to transform the institution into a world-class banking franchise. In an interview with Nairametrics, Otedola disclosed that he has invested more than […]

Under-pressure FIFA president Gianni Infantino is set to hold a crisis meeting with senior staff in Rabat, Morocco, on Wednesday as questions over his future continue to intensify. Senior FIFA officials have been summoned to the meeting following growing backlash over Infantino’s now-abandoned proposal to create FIFA Forward Enterprise (FFE), a company that would have […]

FIFA president Gianni Infantino is facing renewed pressure after the president of the Jordan Football Association (JFA), Prince Ali bin Al Hussein, accused FIFA of attempting to pressure his organisation into supporting Infantino’s re-election.In a post on X, Prince Ali claimed FIFA had suggested that backing Infantino would help resolve several outstanding issues affecting Jordanian […]

Zenith Bank has confirmed that it is investigating an incident involving unauthorized access to limited customer information, including email addresses and phone numbers. The bank said the incident is part of a wider global cyberattack targeting multiple international organizations across different sectors. In a statement, Zenith Bank said it immediately activated its incident response protocols, […]

President Bola Tinubu has approved a salary increase ranging from 30 to 80 percent for personnel of the Nigerian Armed Forces, with about 250,000 service members  expected to benefit from the new package. The revised salary structure, which takes effect from September 1, provides a 30 percent increase for officers above the rank of Colonel, […]

The Nigeria Customs Service (NCS) has released the final list of successful candidates for its 2024/2025 recruitment exercise, with only 3,852 applicants selected from a total of 573,680 applications received nationwide. Announcing the results during a press briefing on Tuesday, Comptroller-General of Customs Adewale Adeniyi said the successful candidates were recruited across the Superintendent, Inspectorate, […]

The Minister of the Federal Capital Territory, Nyesom Wike, has said the political crisis in Rivers State denied Governor Siminalayi Fubara the opportunity to seek a second term, blaming the situation on what he described as poor advice from political associates and external interests. Wike made the remarks during the August edition of his monthly […]