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

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

featured Finance
Hacker group Lockbit leaks Boeing data

Boeing hiring 140 workers weekly to boost output

Aviation

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

Economy

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

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featured Technology

Nigeria deploys AI to transform federal civil service operations

Nigeria is accelerating a sweeping digital overhaul of its federal civil service, deploying artificial intelligence and expanding paperless operations in a bid to reduce bureaucratic delays and improve the country’s appeal to investors. According to BusinessDay, the head of the civil service of the federation, Didi Esther Walson-Jack, said the reforms are already reshaping how […]

Telecommunications

Amazon to acquire Globalstar for $11.57bn, challenges Musk’s Starlink

Amazon is accelerating its push into space-based connectivity with plans to spend 11.57 billion dollars on the acquisition of satellite firm Globalstar, in a bold move aimed at competing directly with Elon Musk’s Starlink network. The deal, announced on Tuesday, will give Amazon access to thousands of satellites in low-Earth orbit through its Amazon Leo […]

Aviation

United Nigeria Airlines records fifth bird strike since January

United Nigeria Airlines has recorded another bird strike, bringing the total number of such incidents involving its aircraft to five since January. The latest incident involved a CRJ-900 aircraft during the landing of Flight UN0579 from Mallam Aminu Kano International Airport, Kano, to Nnamdi Azikiwe International Airport, Abuja, Tuesday. The airline’s public relations officer, Chibuike […]

News

Fire razes restaurants, residential building in Anambra

A fire outbreak has occurred at the popular Restaurants House, located behind Old English, Agu-Awka, in Awka, Anambra State, razing the roofs, furniture, equipment, and parts of the building. Eyewitnesses said the fire, which suddenly started at about midnight on Wednesday, emanated from a corner of the building and spread to the rooftop before the […]

Business

Olam Agri opens $50m soybean plant in Kwara

Olam Agri has opened a 50 million dollar worth state-of-the-art soybean crushing plant and feed milling facility in Ilorin, Kwara State, expanding its consumer offerings in Nigeria. The soybean crushing plant is the largest in sub-Saharan Africa with a processing capacity of 250,000–350,000 metric tonnes annually. The plant will support local soybean production in the […]

World

Nigeria’s bank recapitalisation timely amid global financial risks — IMF

The International Monetary Fund has described Nigeria’s recently concluded bank recapitalisation exercise as a critical buffer against rising global financial risks, noting that stronger capital positions will help the banking system withstand external shocks. The financial counsellor and director of the Monetary and Capital Markets Department at the IMF, Tobias Adrian, made this assessment while […]

Electricity

Benin, Togo, Niger owe Nigeria $9.55m for electricity supply

Three West African nations, Benin, Togo and Niger have failed to remit a combined $9.55 million to Nigeria for electricity supplied in the fourth quarter of 2025. Data from the Nigerian Electricity Regulatory Commission’s fourth-quarter 2025 report show that the market operator issued invoices totalling $20.44 million to the three countries under international bilateral arrangements. […]

Business

Oil slides further on US-Iran talks optimism

Oil prices continued their downward trend after closing sharply lower on Tuesday, driven by growing optimism that the conflict in the Middle East may be moving toward a diplomatic resolution. United States crude futures for May delivery slipped 0.88 per cent to $90.40 per barrel as of 8:35 p.m. ET, while Brent crude for June […]

Amazon plans stand-alone app for payments in India
Tech

Amazon to acquire satellite firm in $11.57bn move to challenge Starlink

Amazon said on Tuesday it will acquire a satellite company in an $11.57 billion deal, strengthening its emerging space operations as it seeks to compete with Elon Musk’s Starlink. The agreement gives Amazon access to Globalstar’s network of about two dozen satellites, advancing its efforts to challenge SpaceX’s Starlink service, which currently operates roughly 10,000 […]

Tech

Rockstar Games hit by second cyberattack in three years

Rockstar Games, the studio behind Grand Theft Auto, has been hit by a cyberattack for the second time in three years. A hacker group known as ShinyHunters has threatened to leak data stolen from the company if its ransom demands are not met. The group initially set a 14 April deadline for Rockstar to open […]

Tech

Goldman Sachs closely monitoring Anthropic’s Mythos model over security concerns – CEO

Goldman Sachs CEO David Solomon said he is “hyper-aware” of Anthropic’s Mythos AI model and is working closely with the company after it raised cybersecurity concerns about the system. The United States bank has been tracking rapid advances in artificial intelligence, including large language models, as part of broader efforts to defend against cyber threats. […]

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