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News

US military needs $80bn for Iran war — Report

The United States Defence Department will ask Congress to approve around $80 billion to cover costs from the Iran war and other expenses, the Wall Street Journal reported Thursday. President Donald Trump has faced backlash from Americans who accuse him of pouring billions of taxpayer dollars into the Middle East conflict while oil prices and […]

Maritime

Lagos’ ‘Omi Eko’ project to add 75 electric ferries

As part of efforts to develop an efficient, resilient, and affordable water transport system, the European Investment Bank and the Lagos State Government, through the Lagos State Waterways Authority, are partnering on a €170 million initiative aimed at enhancing urban mobility while delivering significant socio-economic and environmental benefits to residents. Speaking on the development, Mr. […]

Scams

EFCC arrests Nigerian-American over $320,000 fraud

The Economic and Financial Crimes Commission, has arrested a Nigerian-American over an alleged cross-border vehicle import fraud involving more than $320,000 (about ₦434.9 million). The agency said this in a statement on its website by its Media and Publicity unit on Friday. It said that the suspect was arrested by operatives of the EFCC Ilorin […]

Oil and Gas

PETROAN urges marketers to reflect crude price drop

The Petroleum Products Retail Outlets Owners Association of Nigeria has urged refiners, depot owners and fuel importers to reflect the recent drop in global crude oil prices in ex-depot and pump prices of petroleum products. Vanguard reported that the National President of PETROAN, Mr Billy Gillis-Harry, made the call in a statement on Friday in […]

Business

Navy seizes 103,500 litres of suspected illegal diesel

The Nigerian Navy has intercepted about 103,500 litres of suspected illegally refined Automotive Gas Oil, also known as diesel, and uncovered a suspected illegal petroleum distribution channel in Rivers State. The discovery was announced by the Director of Naval Information, Capt. Abiodun Folorunsho, in a statement issued on Friday following an operation conducted by personnel […]

Banking

Banks lose ₦134.48bn to fraud within five years — Report

Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according to data contained in the Central Bank of Nigeria’s Nigeria Payments System Vision 2028 document. The document, obtained by The PUNCH from the apex bank’s website, […]

Tech

Anthropic keeps Mythos AI access open for select firms despite US ban

Some cybersecurity firms and US government-linked organisations have retained access to Anthropic’s most advanced artificial intelligence model, Mythos Preview, despite a US directive that forced the company to suspend broader access to the system on national security grounds. According to a Bloomberg report, Anthropic allowed a limited group of about 200 organisations to test Mythos […]

Business

Hundreds of Nigerians stranded in South Africa as repatriation programme stalls

Hundreds of Nigerians who enrolled in the Federal Government’s voluntary repatriation programme have been left stranded in South Africa without shelter, food, or financial support, according to a report by the News Agency of Nigeria, citing the Nigerian Citizens Association South Africa. The affected Nigerians reportedly became stranded following delays in the scheduled evacuation flights, […]

Oil and Gas

Nigeria can hit 1.9 million bpd crude oil production — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day, following recent gains that saw the country attain a peak production level of 1.86 million bpd in May. According to Vanguard, the Commission Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, disclosed this on […]

Opinion

Nigeria risks losing AfCFTA’s credit benefits, group warns

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria has warned that Nigeria may fail to reap the benefits of the African Continental Free Trade Area despite the Federal Government’s approval of a proposed $1 billion credit facility aimed at supporting exporters and businesses. The association said that although access to finance is […]

Tech

UK critical infrastructure hit by over 200 cyber incidents

The UK’s critical national infrastructure has suffered more than 200 cyber incidents in the past year, with state-linked actors responsible for about three-quarters of the attacks, according to the national cybersecurity agency. The chief executive of the National Cyber Security Centre, Richard Horne, said hostile states including Russia, China and Iran are increasingly targeting systems […]

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