Business

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 ...

Flight operations of Air Peace have been grounded across the country after members of the Nigeria Labour Congress (NLC) placed its terminals under lock and key.  NigerianNews Aggregator Flight operations at the Murtala Muhammed International Airport in Lagos have been disrupted due to a protest by union members working with the airline. Consequently, an Air Peace flight scheduled to depart Lagos at 6:30 a.m. could not take off, with similar disruptions reported across all airports nationwide. The Director of Public Affairs and Consumer Protection at the Nigeria Civil Aviation Authority (NCAA), Mr. Michael Achimugu, also confirmed the development. “Yes, it is a union thing. When I get to the airport, I will be able to get more factual details of the situation,” he said. ...

Global oil benchmarks climbed significantly on Monday as diplomatic efforts between Washington and Tehran stalled, dimming prospects for the immediate reopening of the strategic Strait of Hormuz. International benchmark Brent crude futures advanced past $84 per barrel after United States President Donald Trump introduced new criteria for ongoing negotiations. Trump stated that the U.S. will demand long-term financial compensation from Iran for wartime casualties and historical damages. The statement directly countered demands from Iranian President Masoud Pezeshkian's administration, which insists Washington must lift its naval blockade and pay war reparations before maritime traffic can fully resume. Meanwhile, maritime tracking intelligence from Kpler revealed that ...

Credit for house purchases by households rose to 9.6 index points in the second quarter of 2026 (Q2’26), indicating a notable increase in borrowing by Nigerians to acquire personal homes.The Central Bank of Nigeria (CBN) disclosed this in its Credit Condition Survey Report for Q2’26, noting that financial institutions reported an overall growth in credit availability across secured, unsecured, and corporate lending categories during the period.Lenders also recorded lower default rates across major categories.Respondents in the survey reported that credit demand increased to 15.1 index points for secured lending and 15.2 index points for corporate lending, while unsecured lending remained subdued at -1.2 index points.Within the household segment, consumer loans increased to 11.2 index point...

Joseph Tegbe, Minister of Power, says the success of Nigeria’s power sector should no longer be measured primarily by the amount of electricity generated, but by how many communities and people have access to reliable power.  History Tegbe made the remarks on Friday, August 7, during the inauguration of the governing board of the Rural Electrification Agency (REA) in Abuja. The minister said the agency’s mandate goes beyond connecting communities to electricity, describing it as a key institution for expanding economic opportunities and improving livelihoods. “We are moving from just counting kilowatts and megawatts to how many communities and people were powered in the country,” Tegbe said. He said every mini-grid established, solar home system deployed, and market, s...

A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms in the second phase of a landmark trial. Judge Bryan Biedscheid said in a ruling late Thursday that the bulk of the money — $420 million — will be used for treatment services for young people. The rest will go toward awareness and prevention, screening services, and other costs over the next five years The new penalty is in addition to the $375 million in civil penalties that jurors ordered against Meta in March after determining the company knowingly harmed children's mental health and concealed what it knew about child sexual exploitation on its platforms. In the second phase, prosecutors asked the judge to impose fundamental ch...

The Kano State Governor, Abba Yusuf, has approved the release of N300 million to support beneficiaries of the state's Hisbah Mass Wedding Scheme. Under the intervention, each bride will receive N200,000 to support payment of dowry and provide start-up capital, while newly married couples will also receive household items to help them establish their homes. The Commander of the Kano State Hisbah Board, Sheikh Aminu Ibrahim Daurawa, disclosed this on Thursday during a pre-marital orientation for prospective couples at the Coronation Hall of the Government House in Kano. Daurawa said the financial assistance would be paid directly into the bank accounts of the beneficiaries after they open individual accounts. He added that the state government would provide complete household fur...