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Spain deploys military to Ceuta as migrant surge

  • 31st July 2026

MTN posts record N1.09tn H1 profit before tax

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Naira hits N1,834 against British pound

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NNPC absorbs 1,000 interns into workforce after training,

  • 31st July 2026

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Anthropic’s Claude breached three live systems during cybersecurity tests

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Apple warns chip shortages could hit future iPhone, MacBook

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Spain deploys military to Ceuta as migrant surge leaves

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MTN posts record N1.09tn H1 profit before tax

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MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business featured

MTN suspends Xtratime airtime, data credit service

MTN Nigeria has temporarily suspended its airtime and data credit advance service, widely known as Xtratime. The telecom operator disclosed the development in a corporate notice filed with the Nigerian Exchange on Thursday. Xtratime enables subscribers to borrow airtime or data and repay on their next recharge, a service that has become essential for millions […]

Nigeria's external reserves dip by $4.28bn in 2023 - Report
featured Finance

Nigeria’s foreign reserves drop sharply by $1.3bn in one month

Nigeria’s foreign exchange buffers have come under renewed pressure as the nation’s gross external reserves plummeted by $1.3 billion within a single 30-day window. This rapid drawdown comes at a critical juncture for the Central Bank of Nigeria, which has been aggressively deploying its reserves to defend the Naira and improve market liquidity. Nigeria’s gross […]

Hacker group Lockbit leaks Boeing data
Aviation

Boeing hiring 140 workers weekly to boost output

A union leader says Boeing’s factory hiring has accelerated to about 100 to 140 workers per week, levels not seen since 2024—driven by retirements and efforts to scale up staffing to meet higher production targets. The comments came from Jon Holden, who recently became vice president for training and apprenticeships at the International Association of […]

Economy

IMF forecasts Nigeria’s debt ratio drop to 32.3% in 2026

The International Monetary Fund projects Nigeria’s debt-to-GDP ratio will decline to 32.3 per cent in 2026, from 35.5 per cent in 2025, before rising slightly to 33.1 per cent in 2027. The fund disclosed this in its Fiscal Monitor report released on Wednesday at the ongoing IMF/World Bank Spring Meetings in Washington, D.C., pointing to […]

Aviation

Nigeria Airways ex-workers lament delayed ₦36bn Tinubu-approved payment

Nigeria Airways ex-workers have lamented over the delay in payment of N36 billion severance benefits that have lingered for several years despite approval by President Bola Ahmed Tinubu. Speaking during a press conference at the Lagos airport on Thursday, Prekeme Porbemi, a former pilot for the defunct Nigeria Airways Limited who spoke on behalf of […]

Anthropic gives Claude AI power to end conversations
Tech

Anthropic expands London presence after OpenAI move

Anthropic said on Thursday that it is expanding its footprint in London, securing new office space that will accommodate up to 800 employees. The move comes just days after rival OpenAI announced plans to establish its first permanent office in the UK capital. The company, which develops the Claude AI chatbot, said it currently has […]

Business

Nigeria handles 25% West African cargo despite 60% GDP — NPA

The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, says Nigeria accounts for over 60 percent of West Africa’s gross domestic product yet handles only about 25 per cent of the region’s cargo traffic. Dantsoho made the remarks in Abuja, attributing ongoing reforms in the maritime sector to the Federal Government and Gboyega Oyetola, […]

Ogun pays 564 pensioners gratuities
News

Ogun okays weekly day off, ₦10,000 transport allowance for workers

The Ogun State Governor, Dapo Abiodun, has approved a weekly day off and a N10,000 monthly transport allowance for civil servants in the state for three months, beginning from April 2026. The development was contained in a statement issued on Thursday by the Head of Service, Kehinde Onasanya. Onasanya said the measures were introduced to […]

Scams

UK jails Nigerian couple over £433,000 tax fraud

A Nigerian couple, Luciana and Femi Akanbi, have been jailed in the United Kingdom for orchestrating a large-scale fraud involving the stolen personal data of Transport for London employees, in a case described as the ‘worst’ data breach in the agency’s history. According to a report by KentLive, the couple were each sentenced to three […]

World

IMF pledges $50bn aid to Nigeria, others amid US-Iran war

The International Monetary Fund has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this at the unveiling of the Fund’s Global Policy Agenda during the ongoing Spring Meetings […]

Oil and Gas

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by 5.2 per cent […]

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