Category: featured

Telcos face 33 network outages in May

Nigeria’s telecommunications industry faced significant disruptions in May, with 33 major network outages reported across...

Marks & Spencer faces £300m loss after cyberattack

Marks & Spencer has announced that a significant cyber attack on its online systems will...

CBN retains MPR at 27.5% for second time in 2025

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy...

Nigerian banking sector remain safe, CBN dismisses distress report

The Central Bank of Nigeria has confirmed the stability and safety of the country’s banking...

UK legal aid hit by cyber attack, personal data compromised

The United Kingdom’s Legal Aid Agency disclosed a major cyber attack on Monday, revealing that...

CBN cuts FG loans by over N4tn

The Central Bank of Nigeria experienced a significant decline of N4.145 trillion in net loans...

Warri, P’Harcourt refineries not producing petrol optimally – DAPPMAN

The Depot and Petroleum Products Marketers Association of Nigeria has stated that its members currently...

Nigeria’s exports to US fall over 20% in Q1 – Report

Nigeria’s exports to the United States dropped by over 20% in the first quarter of...

DMO raises N4.28bn from FGN savings bonds in May

The Debt Management Office announced the results of the Federal Government Savings Bonds auction for...

Shell pays $5.34bn to FG in 2024, highest globally 

Shell Plc paid $5.34 billion to the Nigerian government in 2024, making it the largest...

Nigeria’s inflation drops to 23.71% in April

Nigeria’s inflation rate eased to 23.71% in April 2025, down from 24.23% in March, according...

Nigeria attracted over $8b in deepwater, gas investments – Presidency 

The Federal Government has stated Nigeria has attracted more than $8 billion in investments for...