The Central Bank of Nigeria has extended the deadline for the enforcement of Point-of-Sale terminal geo-fencing to August 1, 2026, giving banks, fintech companies, and other payment operators more time to comply with the policy designed to strengthen monitoring and security within Nigeria’s digital payment system. The development was disclosed in a circular dated May…
Nigeria spent a total of $2.34 billion on food imports in 2025, according to the latest quarterly statistical bulletin released by the Central Bank of Nigeria (CBN), highlighting the country’s continued dependence on imported food products despite efforts to boost local agricultural production. The report showed that the country’s food import bill declined by $186.4…
The Ogun State Police Command has announced the deployment of more than 2,500 security personnel across Ijebu Ode and surrounding communities as part of extensive preparations for the 2026 Ojude Oba festival. The command said the large-scale security operation is aimed at ensuring a peaceful and hitch-free celebration during one of Nigeria’s most prominent cultural…
SpaceX has reportedly reduced its target valuation for its highly anticipated initial public offering to at least $1.8 trillion, down from an earlier estimate that exceeded $2 trillion, according to a Bloomberg report citing sources familiar with the discussions. Despite the lower target, the Elon Musk-led company is still preparing for what could become the…
The National Drug Law Enforcement Agency has uncovered 498 kilograms of skunk cannabis allegedly hidden inside a shrine in Edo State, in what officials described as a major breakthrough in the fight against drug trafficking in the region. The discovery was made during a coordinated operation carried out by NDLEA operatives in Igwe Community, located…
Uber has built much of its modern business model around artificial intelligence, using AI systems to determine ride prices, optimize travel routes, predict demand patterns, and improve overall platform efficiency. However, one of the company’s top executives is now raising concerns about whether the growing cost of AI investment is delivering enough measurable value to…
Economic Community of West African States has projected that Nigeria could emerge as the world’s fifth-richest country within the next 50 years if ongoing economic reforms and regional trade expansion continue successfully. The prediction was made during the ECOWAS parliamentary session held in Abuja, where the bloc’s Commissioner for Economic Affairs and Agriculture, Kalilou Sylla,…
Italy has issued its first red heatwave alert of the year, warning of potentially dangerous temperatures as an unseasonal heatwave continues to sweep across parts of Europe. The alert was declared by Italy’s health authorities for several major cities, including Rome, Florence, Bologna, Brescia, and Turin. Officials said the warning is issued when heat conditions…
Anthony Gordon is reportedly on the verge of completing a high-profile transfer to FC Barcelona after arriving in Spain for medical tests following an agreement with Newcastle United F.C.. The 25-year-old England international winger is said to be part of a deal worth around £80 million, structured as £70 million upfront with additional performance-related add-ons…
United States Department of Homeland Security has announced the arrest of two Minnesota residents accused of orchestrating a massive healthcare fraud scheme that allegedly stole more than $21 million from American taxpayers through fraudulent Medicaid claims. According to authorities, U.S. Immigration and Customs Enforcement Homeland Security Investigations officers in St. Paul arrested Shamso Ahmed Hassan…
