Author: damazah@gmail.com

Managing Director, FairMoney Microfinance Bank, Henry Obiekea, has stressed the need for the implementation of the ongoing recapitalisation programme of the Central Bank of Nigeria (CBN), describing it as a strategic investment that will strengthen Nigeria’s financial ecosystem. According to him, if implemented successfully, it has the potential to strengthen financial stability, deepen credit access, improve investor confidence, and support a more inclusive and resilient economy. Speaking from a Fintech perspective, Obiekea said: “For Nigeria’s rapidly growing Fintech ecosystem, although they are subject to different licensing frameworks depending on their operations, the broader regulatory direction is equally clear. Institutions that facilitate payments, tech-enabled banking, lending and savings are expected to maintain governance,…

Thousands of Internet-connected servers sold by the world’s biggest manufacturers can be remotely backdoored by exploiting critical vulnerabilities—some more than a decade old—that lurk deep inside system motherboards, according to research presented Wednesday. Baseboard management controllers are miniature computers that are embedded into the motherboards of virtually every enterprise server. The microcontrollers, typically abbreviated as BMCs, run with their own operating system firmware, network stack, and IP address. Administrators rely on them to monitor the physical status of large fleets of servers and to perform a variety of tasks, including rebooting machines, installing updates, and even reinstalling operating systems. BMCs…

The NHS has been warned to prepare for potential annual summer crises caused by extreme heat with the same pressures as winter, as heatwaves caused by the climate crisis become routine in the UK.The health secretary, Yvette Cooper, said NHS staff were feeling A&E pressures that would normally be expected only during flu season – and said the government would use major investment in NHS infrastructure to tackle the health service’s resilience to high summer temperatures.Doctors and other medical professionals have warned of the impact that repeated heatwaves are having on the NHS in England, including advice from the Royal…

The police in Anambra State have arrested and detained a female spiritualist locally known as ‘Ezenwanyi’ after three children were found dead in her residence. The incident, PREMIUM TIMES gathered, occurred at Umuoduba Village, Ideani, a community in Idemili North Local Government Area of Anambra State. This newspaper learnt that a total of four children – aged between 6 and 15 – were found in her shrine when police operatives visited the area on Wednesday, but three of them were confirmed dead. A video clip circulating on Facebook showed the woman leading a team of police officers into her residence…

Fifa on Wednesday night confirmed that Gianni Infantino will remain as president after a meeting of its senior executives in Rabat.In a statement which also revealed that Infantino has sent written apologies to the Fifa council and the 211 member associations for failing to consult them over the World Cup sell-off, the world governing body said that he retains the full support of his leadership team.Infantino had spent the day in talks with Fifa’s general secretary, Mattias Grafström, and chief legal officer, Emilio García Silvero, during which he expressed his determination to stay on in the face of mounting criticism…

What do the CEOs of AMC Theatres and Regal Cinemas have in common? Both have been enticed to back David Ellison’s $111 billion quest to merge Paramount and Warner Bros. Discovery. Regal chief Eduardo Acuna was the latest to go public with his blessing on Wednesday. The endorsement from the leader of a major exhibitor is notable given that the lawsuit filed by 12 states against Paramount to halt the deal is being waged as an antitrust battle on the turf of the fragile theatrical marketplace. If the theater owners themselves aren’t worried about Paramount’s undue influence on the landscape,…

The strong financial performance recorded by many of the companies listed on the Nigerian Exchange in the first half of 2026 is attributable to several key economic reforms implemented by President Bola Ahmed Tinubu’s Administration since mid-2023. One of these significant reforms was the unification of the foreign exchange market. By establishing a single, market-determined exchange rate, the reform improved price discovery and enabled companies with substantial foreign currency exposure to more accurately reflect the value of their dollar-denominated revenues in their financial statements. This has been particularly beneficial for export-oriented and foreign exchange-earning businesses such as Aradel Holdings and…

Olawale Ajimotokan Nigeria’s Super Falcons put up a sensational attacking master-class at the Stade Moulay Hassan last night, overpowering Egypt 6–2 to set up a heavyweight WAFCON 2026 quarter-final encounter against Cameroon. Super Falcons finished as runner up to Malawi who lost 1-2 to Zambia in the group’s other feature. Apart Egypt, all three teams finished on six points but were separated by head to head to put Malawi on top of the standing.  Nigeria set the tone early in the contest, taking the lead in the 21st minute when Asisat Oshoala coolly converted a penalty following a Video Assistant Referee…

ToplineA Qatar-donated Boeing jet gifted to and used by President Donald Trump as a temporary Air Force One may no longer be headed to his presidential library, at least for now, according to multiple reports, with Eric Trump telling NBC News there are different plans for the aircraft.The jet was acquired by the U.S. government last year.Photo by SAUL LOEB / AFP via Getty ImagesKey FactsAn unnamed White House official told The New York Times that there is no final decision about whether the plane will go to the presidential library planned for construction in Miami, which is where the…

As weather events become more extreme, fake videos are being shared rapidly online, and it’s causing real world problems in China. The government has vowed to crack down on misinformation, but as our China correspondent Stephen McDonell explains, identifying AI-generated content is becoming increasingly difficult.