Fraudsters Stole N134.48 Billion from Nigerian Banks and Customers in Six Years, CBN Reveals

Nigeria’s banking sector and its customers lost a staggering N134.48 billion to fraud between 2020 and 2025, according to new data released by the Central Bank of Nigeria (CBN), highlighting the growing security challenges accompanying the country’s rapid shift toward digital payments. The figures were contained in the CBN’s Nigeria Payments System Vision 2028 document,…

MTN CEO Warns Against Boycotts of Pan-African Businesses, Calls for Youth-Led Digital Growth

The President and Chief Executive Officer of MTN Group, Ralph Mupita, has cautioned against rising calls in parts of Africa to boycott pan-African businesses, warning that such actions could undermine youth employment, digital transformation, and the continent’s long-term economic integration. His remarks come amid growing tensions across social media platforms, where calls to target or…

Oil Prices Drop to Lowest Level Since US-Iran Conflict as Supply Outlook Improves

Global crude oil prices recorded a sharp decline on Thursday, falling to their lowest levels since the onset of the US-Iran conflict, as easing geopolitical tensions raised expectations of improved supply flows in the global energy market. The downturn followed renewed optimism after an interim agreement between the United States and Iran, which is seen…

National Assembly To Decide Nigeria’s Response to South Africa Over Xenophobia, Says Bianca Ojukwu

Nigeria’s Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, has stated that any retaliatory measures against South Africa over the alleged harassment of Nigerians would ultimately fall within the jurisdiction of the National Assembly. Speaking on Wednesday, June 17, 2026, the minister explained that while the Federal Government is currently pursuing diplomatic engagement with South African authorities,…