Blog

Army discovers stolen 1m litres crude oil in Rivers
Business

Nigerian Navy dismantles illegal refineries, recovers stolen crude in Rivers

The Nigerian Navy says it has dismantled illegal crude oil refining sites and recovered suspected stolen crude in the Ogba/Egbema/Ndoni area of Rivers State. The disclosure was made in a statement issued on Saturday through the Navy’s verified X handle. According to the statement, the operation was conducted under its flagship maritime security initiative, Operation […]

Scams

Ghanaian pleads guilty to $10m romance scam in US court

A 40-year-old Ghanaian national, Derrick Van Yeboah, also known as “Van”, has pleaded guilty in the United States to his role in an international criminal network. The network defrauded victims of more than $100 million through romance scams and business email compromise schemes. Van Yeboah entered the guilty plea to conspiracy to commit wire fraud […]

Emirates to resume Nigerian flights Sept 11
Aviation

Emirates resumes flights after temporary Dubai suspension

Emirates has resumed flights after earlier suspending all operations to and from Dubai on Saturday. The latest update was shared by the airlin on its official X (formerly Twitter) account. Earlier in the day, the carrier had halted flights and advised passengers not to travel to the airport while it monitored developments affecting its operations. […]

Business

IMF warns rising oil prices could drive global inflation

The International Monetary Fund has warned that a sustained increase in oil prices could raise global inflation by about 40 basis points. The IMF’s Managing Director, Kristalina Georgieva, issued the warning on Saturday in an interview with Bloomberg, citing the potential economic impact of the ongoing tensions between the United States and Iran. Her comments […]

featured Finance

Google CEO Sundar Pichai set for $692m pay package

The CEO of Google and its parent company Alphabet could earn up to $692 million over the next three years under a new compensation plan published Friday by the United States Securities and Exchange Commission. The deal would make Sundar Pichai, who has been chief executive of Google since 2015 and of Alphabet since 2019, […]

Business

Women entrepreneurs key to Nigeria’s $1trn economy goal — FG

The Federal Government has stated that empowering women-led enterprises is essential to achieving Nigeria’s one trillion-dollar economy target and enhancing the country’s competitiveness under the African Continental Free Trade Area. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, made this known at a high-level colloquium organised by the ministry on Friday in Abuja. Oduwole […]

Telecommunications

MTN Zambia completes Africa’s first Starlink direct-to-cell satellite test

MTN Zambia has completed Africa’s first field test of Starlink’s Direct-to-Cell technology. The trial successfully sent both a data session and a mobile money transaction through satellites. This achievement could significantly extend network coverage to remote parts of the country. The telecom operator stated that the trial used MTN’s spectrum alongside Starlink’s satellite constellation. This […]

Anthropic counters OpenAI with $1 AI offer to government branches
Tech

Anthropic detects 22 Firefox vulnerabilities in AI security review

Anthropic has identified 22 vulnerabilities in the Mozilla Firefox web browser during a recent security collaboration with Mozilla, highlighting the growing role of artificial intelligence in software security testing. According to a post by Anthropic, its researchers discovered 22 separate bugs in Firefox, including 14 classified as high-severity. Most of the vulnerabilities have already been […]

Emirates airline to enable crypto payments for flights
Aviation

Emirates suspends flights again after fresh interceptions disrupt operations

Emirates Airline suspended flights again on Saturday March 7 after fresh interceptions further disrupted operations at the world’s largest international carrier. In the early hours of Saturday, its aircraft avoided flying through the United Arab Emirates’ airspace after the country intercepted projectiles overhead and reported a “minor incident” caused by falling debris. “Please do not […]

Aviation

Anthropic’s Claude remains available to AWS customers – Amazon

Amazon said on Friday it will keep providing Anthropic’s artificial intelligence technology to its cloud customers, but will exclude projects connected to the United States Department of Defense. The move follows a notice from the agency on Thursday stating that it intends to classify Anthropic as a “supply chain risk.” In response, Anthropic said it […]

Banking featured

CBN confirms 30 banks meet recapitalisation targets

Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the new minimum capital requirements while three lenders are still undergoing regulatory verification, the Central Bank of Nigeria said on Friday. The apex bank disclosed that a total of 33 banks successfully raised fresh capital through various channels including rights issues, […]