March 2026 – Page 139

Elumelu Disowns AI-Generated Scam Video Endorsing Crypto

17.03.2026

Prominent African businessman and philanthropist, Tony Elumelu, has warned the public about the growing risks of artificial intelligence misuse after an AI-generated video falsely portrayed him endorsing a forex and cryptocurrency trading platform. Elumelu disclosed this in a post on his X handle on Monday, saying the video, which appeared realistic, was completely fabricated. “A...

Nigeria’s Internet Usage Grows 168% in Three Years

17.03.2026

Nigeria’s internet usage has surged over the past three years, with internet traffic climbing about 168 per cent between January 2023 and January 2026, according to analyses of data from the Nigerian Communications Commission. Figures compiled by the telecom regulator show total internet traffic reached 1,385,536.04 terabytes in January 2026, compared with 517,670.15 terabytes recorded...

Nigerian Stocks Cross 200,000 Points

17.03.2026

Nigeria’s stock market hit a major milestone on Monday, with the NGX All-Share Index crossing the 200,000-point mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55% to close at 201,474.89 points, up from 198,407.30 points in the previous trading session. This brings the month-to-date return of the...

How Nigerian Economic Reforms Are Driving Capital Growth

17.03.2026

The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by the Nigerian Investment Promotion Commission...

Okomu Oil Notifies NGX of Latest Board Resolutions

17.03.2026

Okomu Oil Palm Company Plc, a leader in the Nigerian agricultural sector, has officially notified the Nigerian Exchange Limited and the investing public of the outcomes of its Board of Directors meeting held earlier on Monday. Following the review of the company’s performance for the 2025 financial year, the Board of Directors has approved the...

NEM Insurance Champions Employee Wellness with Fitness Walk

17.03.2026

NEM Insurance Plc, Nigeria’s leading motor insurance provider and a top-tier general business underwriter, has reinforced its commitment to employee wellness and preventive healthcare through a massive fitness walk and health awareness campaign. The initiative, which saw staff members trek from the company’s head office in Obanikoro, Ikorodu Road, to Maryland and back, was designed...

Bournvita Ramadan: Nourishing Families Across Nigeria

17.03.2026

In this year’s Ramadan season, Bournvita is expanding its support for Muslim families across Nigeria through its community-focused initiatives. The brand stated in a statement that its 2026 Ramadan campaign, “Nourishing Families to Win Every Day,” targets communities where the season is most closely observed: mosques, markets, and homes. It stated that as part of...

NPFL investment potential could reach N200bn, says GTI

17.03.2026

The Executive Director of GTI Asset Management and Trust Ltd, Nelson Ine, has stated that Nigeria’s premier football league could attract more than N200bn in investments over the next five years. He made the remarks during a webinar held on Friday at GTI’s Lagos headquarters, highlighting investment opportunities across the nation’s football ecosystem. The event...

How Banks & Telcos Can Combat AI Fraud, Says PwC Report

17.03.2026

Banks and telecommunications companies must deepen their collaboration and share intelligence to combat the growing threat of artificial intelligence-driven fraud, according to a new report from Pricewaterhouse Coopers. The professional services firm noted that the rapid adoption of AI is reshaping the fraud landscape in the telecommunications sector, enabling criminals to automate scams, impersonate victims...

Cash Outside Banks Falls as Nigeria’s Money Supply Dips

17.03.2026

Cash held outside Nigeria’s banking system fell by N197.68bn in one month to N5.21tn in January 2026, even as the amount of money circulating in the economy remained broadly flat, and bank reserves dropped sharply, according to the latest Money and Credit Statistics released by the Central Bank of Nigeria. The figures showed that currency...