Personal loans issued by Nigerian banks climbed to N1.96 trillion in January 2026, accounting for more than half of the country’s total consumer credit, according to the latest Economic Report released by the Central Bank of Nigeria. The report revealed that total consumer credit outstanding increased slightly to N3.81 trillion in January from N3.78 trillion…
Google is seeking approval to release approximately 32 million specially modified mosquitoes across parts of Florida and California in what could become the largest mosquito control deployment ever attempted in the United States. The project, which is currently awaiting approval from the United States Environmental Protection Agency (EPA), is part of an ongoing effort to…
JPMorgan CEO Jamie Dimon has openly criticized the proposed crypto Clarity Act and launched a sharp attack on Coinbase CEO Brian Armstrong, intensifying tensions between the traditional banking sector and the cryptocurrency industry over the future of digital asset regulation in the United States. Speaking during an interview with Fox Business on Friday, Dimon said…
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,…
