X, the social media platform owned by Elon Musk, experienced widespread access issues on Monday, with users across multiple countries reporting difficulties loading both the website and mobile app. Outage tracking site DownDetector showed a sharp spike in complaints beginning around 1:15 p.m., with more than 10,000 reports logged within a short period. Inability to load the X website on browsers Mobile app failing to refresh or display timelines Error messages when attempting to log in However, checks indicate that push notifications continued to be delivered, suggesting partial backend functionality remained active despite user-facing disruptions. The outage affected users across…
Author: Elvis Eromosele
Foreign direct investment (FDI) into Nigeria’s telecommunications sector rebounded strongly in the third quarter of 2025, rising to $208.51 million, according to the National Bureau of Statistics (NBS). The Q3 figure marks a sharp increase from $14.74 million recorded in Q3 2024, representing more than a fourteenfold year-on-year jump. FDI inflows into telecoms in 2025 showed steady improvement: Q1 2025: $80.78 million Q2 2025: $103.63 million Q3 2025: $208.51 million This contrasts with 2024’s trajectory: Q1 2024: $191.57 million Q2 2024: $113.42 million Q3 2024: $14.74 million The Q3 2025 rebound represents a reversal of the slump recorded in the…
Chams Holding Company Plc has announced the creation of a new subsidiary, ChamsCorp Plc, and notified the Nigerian Exchange Limited (NGX) and investing public of the development. The newly incorporated ChamsCorp Plc will focus on: Digital device manufacturing and infrastructure development Data centre design, implementation and operations Artificial intelligence infrastructure Intelligent systems development Board appointments The board of Chams Holding has appointed: Mohammed Bashir Yunusa as Chairman Olufemi Oyenuga as Managing Director/Chief Executive Officer Both appointments took effect on February 1, 2026. About the chairman Yunusa is a finance professional with experience in deal structuring, corporate and retail finance, business…
Nigeria recorded a sharp rise in foreign capital inflows in the first nine months of 2025, with total importation climbing 132.27 per cent to $16.77 billion, according to data from the National Bureau of Statistics (NBS). The $16.77 billion inflow between January and September 2025 compares with: $7.22 billion in the same period two years earlier $3.90 billion in the same period of 2023 $12.32 billion for the full year 2024 The nine-month total for 2025 has already exceeded the entire 2024 figure. Foreign Portfolio Investment (FPI) accounted for the largest share of inflows: $14.25 billion in nine months Up…
Nigeria’s headline inflation rate eased to 15.10 per cent in January 2026, down slightly from 15.15 per cent in December 2025, according to the National Bureau of Statistics (NBS). The marginal decline surprised analysts who had projected a spike to between 18 and 19 per cent, especially following the recent Consumer Price Index (CPI) normalisation, which created a lower base effect for January 2025. Food and core inflation moderate The January reading reflects slower price growth across both major components of the inflation basket: Food inflation dropped to 8.89 per cent Core inflation eased to 17.72 per cent On a…
The Seed Entrepreneurs Association of Nigeria (SEEDAN) has pledged to deliver high-quality seeds to farmers across Nigeria and beyond as it unveiled a five-year strategic plan aimed at repositioning the country’s seed sector. Yusuf-Ado Kibiya, SEEDAN President, committed at the launch of the roadmap in Abuja, describing it as a major step toward strengthening private-sector participation and improving food security. The strategy was developed with technical support from the Alliance for a Green Revolution in Africa (AGRA) and Sahel Consulting Agriculture & Nutrition Ltd. Kibiya said the plan directly addresses longstanding challenges faced by seed companies, including governance gaps, quality…
Nigeria’s foreign direct investment (FDI) inflows climbed to $21 billion between January and October 2025, marking a sharp increase compared to previous years. The figure represents a 75 per cent rise from $12 billion recorded in 2024 and more than a 425 per cent jump from under $4 billion in 2023, according to Jumoke Oduwole, Minister of Industry, Trade and Investment. Oduwole disclosed the figures during her ministry’s budget defence before the House Committee on Commerce last Wednesday. The minister attributed the surge to more than 100 bilateral investment engagements conducted both locally and internationally. New partners such as the…
Dr. Ernest Ndukwe, Chairman of MTN Nigeria, has celebrated the global expansion of Flutterwave, describing the payments firm as proof of how far Nigeria’s digital economy has evolved. Speaking at Flutterwave’s 10th anniversary gala night held at The Delborough Lagos, Ndukwe traced Nigeria’s transformation from the era of long queues at the former state telecom monopoly to today’s globally competitive fintech landscape. Reflecting on his tenure as Executive Vice Chairman of the Nigerian Communications Commission under former President Olusegun Obasanjo, Ndukwe said the telecom liberalisation of the early 2000s dismantled systemic inefficiencies and unlocked private-sector innovation. Before reforms began in…
The first 100 United States military personnel have arrived in northeastern Nigeria, marking the start of a new phase in security cooperation between Abuja and Washington. The deployment is part of a planned 200-member U.S. mission aimed at strengthening Nigeria’s counterinsurgency operations through intelligence support, tactical training and strategic advisory services. A U.S. military aircraft reportedly landed in Maiduguri, the Borno State capital, on Thursday night, with additional aircraft and equipment arriving shortly after. Officials from both countries confirmed that about 100 personnel are arriving in the first wave, with more expected in the coming days. Nigeria’s Minister of Defence,…
The reported request by former Kaduna governor Nasir El-Rufai for clarification over the alleged importation of thallium sulphate by the Office of the National Security Adviser (ONSA) carries political, security, and institutional implications that extend beyond the individuals involved. Here’s an analysis of its broader significance: 1. National Security Sensitivity Thallium sulphate is an extremely toxic substance, historically used as a rodenticide but now tightly restricted due to its danger. Any reported procurement of such a chemical by a national security agency immediately raises red flags because: It is classified as a controlled hazardous material. It has potential for misuse…