Business

A sum of 1,340,425,393 was allegedly removed from  Access Bank vault by some suspected hackers. The incident occurred when the bank system experienced glitches sometime early this month. The said sums were allegedly removed from the accounts of MIB TXN Bullion, Aba Branch, AIICO General Insurance Company Limited, Apogee Engineering Limited and Sims Nigeria Limited, domiciled with the bank. However, Access Bank, in a desperate bid to recover the huge loss, has approached the Federal High Court, Lagos, with an ex Exparte motion marked FHC/LAG/MISC/1168/2026, in which it listed 71 banks allegedly used by the suspected hackers to warehouse the sum as respondents. The motion, according to Access Bank, was pursuant to Order 26, Rule 6 of the (Civil Procedure) Rules 2019, Sections 6(6...

  Nigeria’s inflation dropped further to 15.43 percent in July 2026, down from 15.91 percent recorded in June. The National Bureau of Statistics disclosed this in its Consumer Price Index and inflation report released on Monday. This means the country’s headline inflation rate in July was 15.43 percent. Similarly, food inflation was 5.56 percent on a month-on-month basis. “In July 2026, the Headline inflation rate stood at 15.43 percent. “On a month-on-month basis, the Headline inflation rate in July 2026 was 1.57%. “The Food inflation rate in July 2026 was 5.56 percent on a month-on-month basis”, NBS stated on X. Recall that the Central Bank of Nigeria’s Monetary Policy Committee, in July, retained the country’s interest rate at 26.50 percent. https...

Trump’s legal team has accused the BBC of harassing his family after the broadcaster sought court approval to subpoena Donald Trump Jr., Ivanka Trump and Jared Kushner in connection with the president’s $10 billion defamation lawsuit. The BBC argues that the three have relevant knowledge and records concerning Trump’s January 6, 2021 speech Lawyers representing the broadcaster have asked a Florida court for permission to subpoena Donald Trump Jr., Ivanka Trump and her husband, Jared Kushner, after reportedly being unable to serve them with the legal documents because of their Secret Service protection. The US President is in a £7.4billion legal battle with the BBC over a 2024 Panorama documentary which examined the events leading up to the Capitol riots on January 6, 2021. Footage...

Nigerian telecom subscribers recorded a historic 1.5 million terabytes of data consumption in May 2026, marking the country’s highest monthly usage on record. The milestone, according to the latest industry statistics from the Nigerian Communications Commission (NCC), reflects the growing adoption of faster 4G and 5G networks, as well as increased digital content creation and consumption. 4G and 5G Adoption Drives Growth NCC data showed that 4G users accounted for 54.30% of active internet connections in May, while 5G connections rose to 4.49%. Meanwhile, the share of 3G connections continued to decline, falling to 5.10%. NCC Executive Vice Chairman, Dr. Aminu Maida, had earlier disclosed that Nigerians were consuming about 45,800 terabytes of data daily. By May, the figure had...

NAQS recruitment The Nigeria Agricultural Quarantine Service (NAQS) has postponed the release of shortlisted candidates for its ongoing recruitment exercise. The list was initially scheduled to be published on Thursday, August 13, but the agency said the decision was necessary to ensure a thorough, transparent and accurate recruitment process. The development was contained in a public notice signed by the Director of Human Resources, ACG Issaka Ahmed, and shared by the agency on its 𝕏 handle. Explaining the reason for the delay, NAQS said the screening process required additional time. The agency stated, “In order to ensure a thorough, transparent and accurate process, we are unable to release the list of shortlisted candidates as scheduled.” It apologised to ap...

Published  Communication has been brought to a standstill for millions of MTN subscribers in Jalingo, Taraba State, following a total disruption of services on the network. The outage, which lasted for several hours on Thursday, left subscribers unable to make or receive calls, send SMS messages, or use WhatsApp and other internet-based services through the MTN network. The situation in parts of the state capital and observed that attempts by subscribers to make calls or access mobile data services were unsuccessful. The situation left many residents stranded and unable to communicate with relatives, business partners and customers. The development also disrupted commercial activities, with some business owners saying they were unable to complete transacti...

The Osun State Police Command has summoned Senator Francis Fadahunsi over his alleged comment directing supporters of the All Progressives Congress (APC) to “kill” members of the rival Accord Party during the state governorship election scheduled to be held this Saturday, August 15. The summons followed the circulation of a video on social media in which the Osun East senator, while speaking in Yoruba during an APC campaign in Ilesa on Tuesday, allegedly made the controversial remarks. In a letter dated August 11, 2026, and signed by the Commissioner of Police, Elections, Osun State, Samuel Etaifo Erale, the command invited Fadahunsi to clarify the circumstances surrounding the statements. According to TheCable, the Senator was directed to report to the State Criminal Investigatio...

The Nigeria Data Protection Commission has commenced a forensic investigation into the University of Lagos, Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws. The commission disclosed this in a statement signed on Tuesday by Babatunde Bamigboye, its Head of Legal, Enforcement and Regulations, and posted on its X handle on Wednesday. The statement read, “The Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd following public complaints alleging the use of students’ personal data to open bank accounts without a lawful basis.” The National Commissioner and Chief Executive Officer of the commission, Dr Vincent Olatunji, directed the investigation team to con...

The Governor of Osun State and 2026 candidate of the Accord Party, Gov Adeleke has declared that he is not afraid to go against the All Progressives Congress (APC) in the August 15 governorship election in the state. Speaking on Tuesday during the Arise Townhall event ahead of Saturday’s election, Adeleke described himself as a bulldozer, adding that he is not afraid of going against the political might of the APC in the election. Despite boasting of several sitting Governors in its  reports that the Governor insisted that it won’t have any effect on the outcome of the Osun governorship election. “I am not worried that I am contesting against a party that has 34 Governors, I am a bulldozer. If they like they should bring all their Governors, they are all my friends. They are ...