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Access Bank nears final stages of National Bank of Kenya acquisition

Access Bank partner Deloitte to grow SMEs

  • 21st May 2025

Capital market key to Nigeria’s $1tn economy target

  • 20th May 2025

Lagos secures $22m FDI to expand fibre optic

  • 20th May 2025
FG plans major fiber-optic cable expansion across Nigeria

Nigeria’s digital economy attracted $191m foreign investment in

  • 20th May 2025

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US-China tensions reignite over Huawei AI chip export rules

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Meta launches ‘Llama for Startups’ program to drive AI models adoption

Meta launches ‘Llama for Startups’ program to drive AI

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FG bans fuel tankers from night-time operations nationwide

Business
Spotify launches ‘Upcoming Releases’ hub to track new albums

Spotify launches ‘Upcoming Releases’ hub to track new albums

News

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News

US-China tensions reignite over Huawei AI chip export rules

Efforts to ease trade tensions between the United States and China have hit a setback as a new dispute over semiconductor regulations reignites friction between the two global powers. On Wednesday, China’s Ministry of Commerce issued a sharp rebuke to recent U.S. export restrictions targeting Huawei’s artificial intelligence chips, threatening legal action against those who […]

Meta launches ‘Llama for Startups’ program to drive AI models adoption
News

Meta launches ‘Llama for Startups’ program to drive AI models adoption

Meta is introducing a new initiative aimed at encouraging early-stage companies to build with its Llama AI models. The program, called Llama for Startups, offers eligible U.S.-based startups direct technical support and, in some cases, financial assistance. Announced this week, the program is open to firms that are incorporated in the United States, have raised […]

Business

FG bans fuel tankers from night-time operations nationwide

The Nigerian Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has introduced a new regulation prohibiting fuel tankers from operating at night, effective immediately. The announcement was made by NMDPRA Chief Executive, Farouk Ahmed, during a sensitization program for petroleum tanker drivers in Lagos on Wednesday. The event, organized in collaboration with […]

Spotify launches ‘Upcoming Releases’ hub to track new albums
News

Spotify launches ‘Upcoming Releases’ hub to track new albums

Spotify is rolling out a new feature designed to help users stay ahead of upcoming music releases. The streaming giant announced Wednesday the launch of a dedicated hub, titled Upcoming Releases, which offers personalized recommendations for albums scheduled to debut soon. Available in the “Browse all” section under the Search tab on the mobile app, […]

News

CBN unveils draft to boost anti-money laundering compliance

The Central Bank of Nigeria has introduced a draft framework to revolutionize anti-money laundering practices across the nation’s financial sector, targeting enhanced compliance amid rising digitalization and increasingly complex transactions. Detailed in a circular (BSD/DIR/CON/AML/018/033) dated May 20, 2025, the initiative mandates financial institutions to adopt advanced artificial intelligence and machine learning technologies to combat […]

Nigerian telecom users may pay higher charges in new tax law
featured

Telcos face 33 network outages in May

Nigeria’s telecommunications industry faced significant disruptions in May, with 33 major network outages reported across the country, driven by vandalism, fibre-optic cable cuts, and persistent power shortages, according to data from Uptime, the Nigerian Communications Commission’s outage reporting portal. All four major operators—MTN, Airtel, Globacom, and 9mobile—experienced service disruptions, impacting millions of subscribers with dropped […]

Travel

10 Schengen countries with highest 2024 visa rejection rates

Securing a Schengen visa has become a formidable hurdle for Nigerians aspiring to travel to Europe for education, business, or tourism, according to new data from the European Commission. In 2024, the Schengen region processed 11.7 million visa applications globally, rejecting 1.7 million—a 14.8% rejection rate—signaling tighter scrutiny and stricter documentation standards across member states. […]

Bitcoin demand hits two-year high Argentina amid local currency crash
Crypto

Bitcoin hits new record high of $109,500

Bitcoin hit a new all-time high on Wednesday, breaking its previous record set in January. The leading cryptocurrency climbed as high as $109,500 before easing to $108,955.10, up 2%, according to Coin Metrics. The surge highlights continued investor interest and confidence in the digital asset market. “Bitcoin’s new high has been concocted by an array […]

News

Petrol price soars 76.73% year-on-year in April 2025 – NBS

The average retail price of Premium Motor Spirit, commonly known as petrol, soared to N1,239.33 per litre in April 2025, a 76.73% increase from N701.24 in April 2024, according to the National Bureau of Statistics. The data, released Wednesday in the NBS’s “Premium Motor Spirit (Petrol) Price Watch,” highlights ongoing volatility in Nigeria’s fuel market […]

Dangote names Lekki refinery road after Wigwe
Business

Local investors key to attracting foreign investment – Dangote

The President of Dangote Group, Aliko Dangote, has said that domestic investors play a critical role in attracting foreign investment. Speaking at the Taraba International Investment Summit in Jalingo, which drew participants from across Nigeria and beyond, Dangote stressed the importance of prioritizing indigenous businesses to foster sustainable growth, create jobs, and strengthen the national […]

News

British soldiers make Everest history with new climbing technique

A team of four British former special forces soldiers, including a UK government minister, has set a new record for the fastest ascent of Mount Everest without on-mountain acclimatization, summiting the 8,849-meter (29,032-foot) peak in under five days. The high-speed expedition, completed early Wednesday, relied on xenon gas to pre-acclimatize to low-oxygen conditions, a method […]

Volvo becomes lead partner in Google’s android automotive push
News

Volvo becomes lead partner in Google’s android automotive push

Volvo Cars has taken the lead in developing Google’s Android automotive software, a move set to give the Swedish carmaker’s customers early access to the latest in-car features well ahead of industry competitors. Announced Wednesday, the expanded partnership will allow Volvo to integrate Android updates faster than rival automakers, potentially delivering new capabilities to users […]

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