Nigeria

Hackers Seize 750GB Of CAC Files As Nigeria’s Digital Defences Crumble

Daniel Otera03 mins

A sophisticated wave of ransomware attacks has battered Nigerian government agencies and tier-1 financial institutions over the past three weeks, exposing deep fragilities in the nation’s digitising economy. Reports from the National Information Technology Development Agency (NITDA) and the Corporate Affairs Commission (CAC) confirm that “coordinated and sophisticated” threat actors have breached critical infrastructure, causing…

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Counterfeit Coglaet Toothpaste Sparks Nationwide Mop-Up by NAFDAC

Daniel Otera03 mins

  The National Agency for Food and Drug Administration and Control (NAFDAC) has launched a nationwide surveillance and mop-up operation following the discovery of unregistered and suspected counterfeit toothpaste products bearing the “Coglaet” brand in Kaduna State, in what the agency describes as a potential risk to public health and safety. The development stems from…

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Nigeria Pays 4x Higher Debt Interest Rates , Says G-24’s Masha

Daniel Otera04 mins

  Developing economies including Nigeria continue to pay interest rates three to four times higher than advanced countries, a disparity driven by weak revenue structures and risk assessment methodologies that ignore long-term economic potential, the Director of the Intergovernmental Group of 24 (G-24), Dr. Iyabo Masha, has said. Masha made the disclosure on Friday during…

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Nigerian Star Oba Femi Retires Brock Lesnar at WM42

Daniel Otera02 mins

  Isaac Odugbesan, the Lagos-born WWE superstar known to millions as Oba Femi, achieved what few in professional wrestling could have predicted—defeating 10-time WWE Champion Brock Lesnar in under five minutes during his WrestleMania debut on Sunday. The match, which stood among the headline bouts of WrestleMania 42, concluded with Lesnar removing his wrestling gear…

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IMF Backs Nigeria’s N4.65tn Bank Recapitalisation

Daniel Otera03 mins

  The International Monetary Fund has offered a definitive endorsement of Nigeria’s freshly concluded bank recapitalisation programme, describing the policy as a timely buffer against global oil volatility and a cornerstone for the country’s projected 4.1 per cent economic expansion in 2026. During the 2026 Spring Meetings of the World Bank and the IMF in…

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JAMB Releases UTME Results for Monday Candidates

JAMB Releases Latest UTME Results, Warns Against Fraud

Sandra Williams02 mins

The Joint Admissions and Matriculation Board has released 632,788 results from the 2026 Unified Tertiary Matriculation Examination conducted this past Thursday. Candidates can now access their performance data by sending “UTMERESULT” to the official service numbers, 55019 or 66019. The Board specifies that this access remains limited to viewing only; official printing options remain unavailable…

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Nigerian Airlines Pause Shutdown After Government Intervention

Nigerian Airlines Pause Shutdown After Government Intervention

Tijesuni Promise02 mins

Airline operators have temporarily shelved plans to cease flight operations, averting a national transport crisis scheduled for 20 April. The Airline Operators of Nigeria (AON) agreed to the pause following an emergency appeal from the Minister of Aviation and Aerospace Development, Festus Keyamo. The government warned that a shutdown would cripple the economy and devastate…

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Regulator Imposes N100 Million Foreign Exchange Fines

CBN Launches New Overnight Benchmark to Modernise Markets

Babatunde Junaid02 mins

The Central Bank of Nigeria has launched the Nigerian Overnight Financing Rate (NOFR) to serve as the primary benchmark for the domestic money market. Developed alongside the Financial Markets Dealers Association, the rate replaces older, fragmented methods of measuring short-term liquidity. It aims to improve transparency and sharpen the transmission of monetary policy. The bank…

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