Business

UK introduces new rules to protect buy-now, pay-later

  • 19th May 2025
Global EV sales rise by 18% in January

China to launch electric vehicle factories in Nigeria

  • 18th May 2025

Tantalizers acquires Grand Media Projects from TV veteran

  • 18th May 2025

Lagos insists on valid planning permits for all

  • 16th May 2025

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UK introduces new rules to protect buy-now, pay-later shoppers

Business
Telegram founder alleges French pressure to censor Romanian conservatives

Telegram founder alleges French pressure to censor Romanian conservatives

News

CBN cuts FG loans by over N4tn

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Nigerian telecom users may pay higher charges in new tax law

Telcos to host virtual network operators summit

Telecommunications

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Business

UK introduces new rules to protect buy-now, pay-later shoppers

The United Kingdom Government has unveiled new regulations targeting the rapidly growing buy now, pay later sector, aiming to protect consumers and curb unsustainable borrowing. The legislation, announced today, mandates affordability checks by lenders to prevent excessive debt accumulation and ensures faster refund processes for shoppers, according to BBC News. The BNPL market has exploded […]

Telegram founder alleges French pressure to censor Romanian conservatives
News

Telegram founder alleges French pressure to censor Romanian conservatives

Founder of the popular messaging app Telegram, Pavel Durov, has claimed that France’s intelligence chief requested the suppression of Romanian conservative voices on the platform ahead of national elections—a request he says he firmly rejected. In a post on X (formerly Twitter) late Sunday, Durov alleged that Nicolas Lerner, head of France’s intelligence agency, approached […]

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CBN cuts FG loans by over N4tn

The Central Bank of Nigeria experienced a significant decline of N4.145 trillion in net loans and receivables in 2024, mainly due to a reduction in its overdraft exposure to the Federal Government and changes in other loan categories. The bank’s audited financial statements show that net loans and receivables dropped from N16.122 trillion in 2023 […]

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

Telcos to host virtual network operators summit

Nigeria’s telecom sector is set for a major milestone as Africa Hyperscalers hosts the MVNO Nigeria 2025 summit on May 21 in Lagos, following the issuance of 43 new Mobile Virtual Network Operator licenses. Titled “Unlocking Growth, Competition & Connectivity,” the high-level event will bring together industry leaders to explore the opportunities and challenges shaping […]

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Warri, P’Harcourt refineries not producing petrol optimally – DAPPMAN

The Depot and Petroleum Products Marketers Association of Nigeria has stated that its members currently rely solely on the Dangote Petroleum Refinery for the supply of Premium Motor Spirit, also known as petrol. Speaking on Sunday, DAPPMAN’s Executive Secretary, Olufemi Adewole, explained that refineries operated by the NNPC are not yet capable of efficiently producing […]

Xiaomi to invest $6.9bn in chip design over next decade
News

Xiaomi to invest $6.9bn in chip design over next decade

Chinese tech giant Xiaomi has announced plans to invest at least 50 billion yuan (approximately $6.93 billion) over the next ten years to advance its chip design capabilities, signaling a major push toward self-reliance in semiconductor technology. The long-term investment was revealed by Xiaomi founder Lei Jun in a post on Chinese social media platform […]

News

Tinubu grants approval for multibillion-dollar kolmani oil project

President Bola Tinubu has granted all necessary regulatory approvals for the issuance of critical licences for the Kolmani Integrated Development Project, a multibillion-dollar oil exploration initiative situated between Bauchi and Gombe States. This was disclosed by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during the flag-off ceremony for the permanent site […]

Business

Tantalizers acquires Grand Media Projects from TV veteran Tade Ogidan

Tantalizers Plc announced it has acquired Grand Media Projects Limited, an entertainment company founded by TV and film veteran Tade Ogidan. This was disclosed in a statement signed by the company’s secretary, Olamide Babawale-Mo via NGX on Saturday. According to the statement, this acquisition will enable Tantalizers Plc to diversify beyond the food industry and expand […]

Volkswagen resumes production after IT outage
Tech

Why we signed partnership with Volkswagen – Rivian

Rivian’s partnership with Volkswagen is injecting fresh energy into the century-old German automaker. As part of their $5 billion joint venture to develop next-generation electric vehicle technology, Rivian’s Chief Software Officer said he’s been impressed by VW’s willingness to shift its culture and adopt a more agile, startup-like mindset, according to Business Insider. The collaboration […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
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Nigeria’s exports to US fall over 20% in Q1 – Report

Nigeria’s exports to the United States dropped by over 20% in the first quarter of 2025, according to a new report from the United States Census Bureau, highlighting challenges in the nation’s trade performance amid volatile global oil markets. The data, published in the March 2025 edition of the US International Trade in Goods and […]

News

Two dead, many injured as Mexican navy ship crashes into US bridge

A Mexican Navy training ship collided with New York’s Brooklyn Bridge, resulting in two deaths and 17 injuries. In a statement on X, the Navy confirmed that the vessel Cuauhtémoc, carrying 277 people, sustained damage during the incident. Eyewitness video shared online showed the vessel, flying a large Mexican flag, scraping beneath the Brooklyn Bridge […]

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