AI-Enabled Scams Cost Nigerians N12.5bn

AI-Enabled Scams Cost Nigerians N12.5bn

Nigerians lost ₦12.5 billion to telecommunications fraud between 2019 and early 2023, according to a new report by PwC. This figure underscores the growing vulnerability of the country’s digital infrastructure as it becomes the primary gateway for financial services. Globally, the sector is reeling from losses exceeding $38.9 billion. The report warns that the rise…

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EU Commits €372m to Nigeria’s Digital and Farm Drive

EU Commits €372m to Nigeria’s Digital and Farm Drive

The European Union has unveiled a €372 million financial package to bolster Nigeria’s agriculture and digital infrastructure. Announced at the 8th Nigeria–EU Ministerial Dialogue in Abuja, the deal marks a significant expansion of the EU’s “Global Gateway” initiative. The funding combines €66 million in direct grants with €221 million in concessional loans and a targeted…

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Oil Prices Surge as Iran Re-closes Strait of Hormuz

Tehran Escalates Attacks as Jerusalem Blast Shakes Capital

Iran launched a fresh salvo of ballistic missiles at Israel on Tuesday morning, ending a brief lull in the regional conflict. A loud explosion echoed across Jerusalem as the Israeli military worked to intercept multiple waves of incoming fire. State-run Iranian media claimed the projectiles successfully bypassed several layers of the “Iron Dome” and “David’s…

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Naira Slumps as Corporate Dollar Demand Surges

Naira Slumps as Corporate Dollar Demand Surges

The Naira weakened by 2.48 percent in early Tuesday trading as corporate demand for the US Dollar intensified. Opening rates at the Nigerian Foreign Exchange Market averaged ₦1,388.38, a sharp drop from the previous week’s close of ₦1,353.90. This sudden volatility tested the Central Bank of Nigeria’s new electronic matching system. Intraday rates even touched…

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TRCN Portal Leaves Thousands Stranded

  Teachers across Nigeria are confronting mounting administrative challenges as the Teachers Registration Council of Nigeria digital registration portal continues to experience persistent technical failures, forcing educators to abandon online processes and return to manual registration methods that the system was designed to eliminate. The online platform, launched in September 2025 with considerable fanfare by…

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Former Acting Accountant-General Bags 72 Years Jail Term 

The Economic and Financial Crimes Commission has secured the conviction and sentencing of Chukwunyere Anamekwe Nwabuoku, a former Acting Accountant-General of the Federation, who was handed 72 years imprisonment for money laundering involving N868.46 million. The Federal High Court in Abuja delivered the judgment following Nwabuoku’s prosecution on nine amended counts of money laundering. The…

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NACA: No Lenacapavir for Pregnant Women

  The National Agency for the Control of AIDS has confirmed that Lenacapavir, Nigeria’s newly introduced long-acting HIV prevention injection, will not be administered to pregnant women due to the absence of sufficient clinical evidence on its effects during pregnancy. Temitope Ilori, Director-General of NACA, disclosed this restriction during a media parley organised by the…

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