News

Troops Intercept Medical Supplies, Foil Terrorist Attacks, Rescue Abductees

Published

3 months ago

April 13, 2026

Preport

Troops
By Sumaila Ogbaje

The Nigerian Army says troops recorded major operational gains, including interception of suspected logistics supplies, foiling terrorist attacks and rescued kidnapped victims across theatres in the last 24 hours.

Operational report made available to the News Agency of Nigeria (NAN) on Monday, revealed that troops of Operation Hadin Kai (OPHK) intercepted a truck conveying large quantities of medical supplies suspected to be meant for terrorist elements in the North-East.

The report said the interception occurred at a checkpoint in Nguru, Yobe, where the driver initially presented a waybill for beverages and household items.

According to the report, a detailed search revealed hundreds of cartons of drugs, including antibiotics, injections, bandages and other medical items.

The report said the driver and three occupants were apprehended, adding that the suspect later confessed the consignment was bound for the Republic of Chad through Geidam.

“In a related development, troops arrested a suspected ISWAP/JAS terrorist in Ngamdu, Borno, who confessed he was sent from Jilli to procure food items for insurgents.

“The suspect disclosed that terrorists were currently converging around Gubio and Magumeri areas.

“Troops also arrested two suspected terrorist collaborators in Monguno, who were allegedly facilitating movement of a terrorist’s family members.

“Items recovered from them included mobile phones, cash and other personal effects, while a woman and her three children linked to a terrorist kingpin were later apprehended,” the report said.

It also revealed that troops foiled an attempted infiltration by terrorists in Askira Uba Local Government Area of Borno.

The report added that troops engaged the insurgents during an ambush, forcing them to flee and abandoning weapons and other items, adding that follow-up operations led to rescue of three kidnapped victims from a terrorist enclave.

“In Bama Local Government Area, troops destroyed a terrorist camp during clearance operations, forcing insurgents to withdraw under pressure.

“Similarly, troops of Operation Safe Haven recovered weapons from suspects during stop-and-search operations in Plateau.

“They also arrested a suspected gunrunner and rescued additional kidnapped victims in Bauchi following exploitation of earlier airstrikes.

“In the Federal Capital Territory, troops conducting anti-illegal mining operations raided a site in Gwagwalada, recovering mining equipment, while suspects fled,” it added.

In the Southern part of the country, the report said troops of Operation Delta Safe responded to a communal clash in Delta, restoring normalcy after one person was killed.

It said troops also intensified anti-illegal bunkering operations in Rivers, destroying illegal refining sites and recovering large volumes of stolen crude oil and refined products.

Military authorities reiterated their commitment to sustaining offensive operations, disrupting logistics networks and ensuring security across the country. (NAN) (www.nannews.ng)

Edited by Sadiya Hamza

Business

NAICOM Applauds Senate Over Passage of Insurance Regulatory Commission Bill

Published

53 minutes ago

July 23, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM) extends its profound appreciation to the leadership of the Senate and to *Senator Adetokunbo Mukail Abiru*, Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, for their pivotal role in the successful passage of the National Insurance Regulatory Commission Bill in the Red Chamber.

This landmark legislation is a major milestone in strengthening the regulatory framework of Nigeria’s insurance industry. With enhanced oversight, transparency, and accountability, the Bill will deepen public confidence, attract investment, and promote sustainable growth that benefits policyholders, operators, and the broader economy.

NAICOM acknowledges the vision, dedication, and collaborative spirit demonstrated by the Senate leadership and Senator Abiru in championing reforms that will modernize insurance regulation and advance financial inclusion in Nigeria. Their commitment underscores the importance of this achievement for the protection of citizens and the stability of the financial sector.

The Commission reaffirms its readiness to ensure the effective implementation of the provisions of the new law once signed, and to continue working closely with all stakeholders to position the insurance industry as a catalyst for national development.

The post NAICOM Applauds Senate Over Passage of Insurance Regulatory Commission Bill appeared first on Business Today NG.

News

After shocking quarter, IBM insists that AI isn’t killing the mainframe

Published

55 minutes ago

July 23, 2026

Preport

On Wednesday, IBM officially reported earnings and the news was as bad as everyone knew it would be.

While the 115-year-old company still generates boatloads of cash — $17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins, and $2.2 billion in net earnings for the quarter — its results fell well short of Wall Street’s expectations.

It was such a bad miss that IBM CEO Arvind Krishna and the board took an unprecedented step of warning investors ahead of time that the earnings “was worse than our expectations,” offering everyone a sneak peek.

He published a “letter to investors,” last week sharing preliminary results. It warned of abysmal revenue in the company’s all-important “infrastructure” category and said that profit margins were also going to take a hit. The company’s stock instantly tanked 25%, it’s biggest single-day decline ever. Until then, the stock had performed well under Krishna’s six years of leadership, buoyed by the AI data center boom that had been lifting all boats.

On Wednesday, IBM also lowered its full-year growth forecasts, meaning this horrible quarter would impact the rest of the year. The culprit? IBM’s cash-cow mainframe business was down 42%.

That’s a cascading problem, because as CFO Jim Kavanaugh explained on the quarterly call with investors, IBM earns $3 in software revenue for every $1 of mainframe hardware it sells.

However, the CEO and CFO spent the call insisting that this was a temporary blip and all would be well soon.

What happened, they said, was that “tens” of customers that were due to buy a new mainframe during the quarter opted not to do so. That may not sound like a lot of customers, but mainframes are systems that cost hundreds of thousands to millions of dollars, and with maintenance contracts and software, generate many millions more.

The same AI boom that lifted IBM’s boat also sank it.

Instead of buying a new mainframe, these clients bought other hardware, Krishna explained. They were faced with astronomically high cost increases of 15% to 30% for data center gear and PCs.

“When they were faced with that issue, then they decided to move budget to those areas where they were having that extreme price,” Krishna said.

Enterprise hardware makers like Dell and HP have warned that rising costs on components like memory, caused by the AI build-out boom, have forced them to raise prices. Apple has said the same.

But Krishna promised that those customers will still buy their new mainframes eventually — along with their new software contracts. In fact, he said some of them have already done so this quarter. “We see no evidence of clients moving off the mainframe,” he said.

We’ll have to wait and see. But the tech industry has predicted the death of the mainframe for many decades now. Maybe even AI won’t kill it.

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