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,…
SpaceX is reportedly preparing one of the largest corporate bond offerings in recent history as the company seeks to raise at least $20 billion to support its ambitious expansion into artificial intelligence. According to sources familiar with the matter, bankers working with the Elon Musk-led company are expected to begin discussions with investors as early…
Former Nigerian Petroleum Minister and ex-President of OPEC, Diezani Alison-Madueke, has been cleared of bribery charges in the United Kingdom following a high-profile trial that lasted several months and stemmed from allegations dating back more than a decade. According to her defence team, the verdict was delivered at Southwark Crown Court in London on June…
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…
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…
Mexico beat South Korea 1-0 in Guadalajara to become the first team to qualify for the World Cup knockout stage, thanks to Luis Romo’s goal and a late heroics from goalkeeper Raúl Rangel.
US Vice President JD Vance has defended the US-Iran agreement and reminded critics in Israel that much of the country’s defensive military capability is funded by American taxpayers. The comments come amid growing debate over the Middle East peace deal.
The United States has officially lifted its naval blockade of Iran following a peace agreement between the two countries. The move reopens the Strait of Hormuz, restores maritime trade, and could significantly impact global oil markets.
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,…
Iran has resumed crude oil exports for the first time in two months, marking a significant development for global energy markets as the first tankers carrying Iranian oil head toward East Asia. According to ship-monitoring firm TankerTrackers.com, the initial shipments of Iranian crude have successfully departed through the Strait of Hormuz, one of the world’s…
