April 2026 – Page 295

Disco Blames Energy Theft for Anambra’s Poor Power Supply

01.04.2026

FirstPower Electricity Distribution Company Limited, in charge of electricity distribution in Anambra State, has decried high cases of electricity theft across the state, adding that the development is majorly contributing to poor power supply across the state. The Managing Director, FirstPower Electricity Distribution Company, Okechukwu Okafor, disclosed this during a two-day interactive town hall engagement...

CBN sets tough cybersecurity timeline for Nigerian banks

01.04.2026

The Central Bank of Nigeria has directed banks to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to strengthen resilience across the financial system. In a letter dated March 30, 2026, and published on its website on Tuesday, the apex bank said, “Institutions are required to submit their completed CSAT within...

Afreximbank leads $4bn funding for Dangote refinery

01.04.2026

The African Export-Import Bank has underwritten $2.5bn out of a $4bn senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, in a move aimed at strengthening the refinery’s financial position and supporting its long-term growth. In a statement issued on Tuesday and posted on its website, the bank said it acted as a co-Mandated...

ipNX supports women in tech through STEM outreach

01.04.2026

Nigerian ICT company ipNX has reaffirmed its commitment to advancing gender inclusion in the technology sector through a series of initiatives aimed at empowering women and inspiring young girls to pursue careers in science and technology. The programmes, organised to commemorate the recent International Women’s Day 2026, align with the global theme, ‘Give to Gain’,...

Leaders urge deep seaport development in Nigeria

01.04.2026

Former Nigerian President, Dr Goodluck Jonathan, and former Board of Trustees Chairman of the Nigerian Ports Authority, Bode George, among other stakeholders, have called for the establishment of an international seaport in Nigeria to prevent further diversion. They warned that until appropriate steps are taken, Nigeria risks a future where its goods will have to...

N1.84tn Credit Drop Hits Nigeria ICT Funding & Digital Goals

01.04.2026

Nigeria’s Information and Communication Technology sector has seen a contraction in bank credit, with total exposure falling to N1.84tn as of September 2025. Analysts contend that expanding financial access for the sector is essential to foster a competitive digital economy, writes ARINZE NWAFOR Observers of Nigeria’s technology sector maintain a strong belief in its vast...

Firm launches new AI system to counter cyber threats

01.04.2026

An AI security research and products company, Glemad, has launched a new artificial intelligence model designed to autonomously detect and respond to cyber threats, as organisations seek faster and more efficient ways to secure digital infrastructure. The company disclosed this in a press statement on Sunday, introducing the system known as Autonomous Defence Transformers. The...

How Police Operatives Nabbed Suspects In $550,000 Identity Theft Case

01.04.2026

The Force Headquarters (FHQ) announced on Tuesday that operatives of the INTERPOL National Central Bureau (NCB) in Abuja recorded a breakthrough in the investigation of a transnational fraud, identity theft, and money laundering case involving a United States-based victim. The Force Public Relations Officer (FPRO), DCP Anthony Placid, who made this disclosure in a statement,...

Akpabio Declares Three Senate Seats Vacant

01.04.2026

The President of the Senate, Godswill Akpabio, on Tuesday, declared three senatorial seats vacant following the deaths of members of the 10th Senate who initially occupied them. The affected areas are: Enugu North Senatorial District, Nasarawa North Senatorial District, and Rivers South-East Senatorial District. Announcing the development during plenary, Akpabio noted that the development was...

Senate Directs INEC To Restore 3 Benue Constituencies Ahead Of 2027 Elections

01.04.2026

The Senate, on Tuesday, directed the Independent National Electoral Commission (INEC) to immediately restore Ukum II, Konshisha II (Shangev-Tiev), and Gboko East I state constituencies in Benue State ahead of the 2027 general elections, following a Court of Appeal ruling. The Court had on December 5, 2025, ordered INEC to conduct elections in Ukum II...