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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

May & Baker urges FG to ensure prompt

  • 19th May 2025

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EU plan €2 fee on small parcels, targeting Shein,

E-commerce
Private sector laments loan repayment as interest rate hits 26.26%

CBN retains MPR at 27.5% for second time in

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Xiaomi to challenge Tesla with the unveil of YU7 electric SUV

Xiaomi to challenge Tesla with the unveil of YU7

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Trump signs act to crackdown on revenge porn, explicit deepfakes

Trump signs act to crackdown on revenge porn, explicit

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E-commerce

EU plan €2 fee on small parcels, targeting Shein, Temu

The European Union has unveiled a proposal to impose a €2 flat fee on billions of small parcels shipped directly to consumers’ homes, primarily from China, in a move to address customs overload and bolster the EU budget. The measure, announced by EU Trade Commissioner Maros Sefcovic, would end the customs-free status for packages valued […]

Private sector laments loan repayment as interest rate hits 26.26%
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CBN retains MPR at 27.5% for second time in 2025

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.50% for the second time in 2025. This decision was disclosed by CBN Governor Olayemi Cardoso during a press briefing on Tuesday following the 300th MPC meeting held in Abuja. Cardoso said, “The Committee was unanimous in its […]

Xiaomi to challenge Tesla with the unveil of YU7 electric SUV
News

Xiaomi to challenge Tesla with the unveil of YU7 electric SUV

Chinese tech giant Xiaomi is set to launch its highly anticipated YU7 electric SUV this Thursday, alongside a suite of other new products, including a self-developed mobile chip, the company announced. The YU7 has been widely touted by analysts as a potential rival to Tesla’s Model Y in China — the world’s largest electric vehicle […]

Trump signs act to crackdown on revenge porn, explicit deepfakes
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Trump signs act to crackdown on revenge porn, explicit deepfakes

President Donald Trump signed the Take It Down Act into law on Monday, marking the first federal legislation aimed at curbing the spread of nonconsensual explicit imagery online, including deepfakes and revenge porn. The bipartisan measure imposes stricter penalties on individuals who distribute sexually explicit content without the subject’s consent, whether real or AI-generated. Offenders […]

Business

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

The Federal Government has reaffirmed the vital role of Nigeria’s capital market in achieving its goal of a $1 trillion economy by 2030. Speaking on Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, called on capital market stakeholders to boost investor confidence, enhance financial literacy, and prepare for the upcoming […]

Tech

AI puts big four’s dominance at risk – Report

The Big Four accounting firms — Deloitte, PwC, EY, and KPMG — have long reigned over the professional services industry, wielding vast revenues, global reach, and extensive service offerings. However, a seismic shift driven by artificial intelligence could disrupt their business models and erode their market dominance, according to industry experts. Former PwC partner and […]

Google launches NotebookLM mobile apps for iOS, Andriod
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Google launches NotebookLM mobile apps for iOS, Andriod

Google announced on Monday the official release of its NotebookLM app for Android and iOS, expanding access to its AI-powered note-taking and research assistant beyond desktop for the first time. The launch comes a day ahead of the company’s annual I/O 2025 developer conference, and a day earlier than originally scheduled. Initially introduced in 2023, […]

Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows
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Microsoft eliminates developer registration fees for apps

Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows, allowing individual developers to publish apps for free starting in June 2025. The announcement was made during the company’s annual Build 2025 developer conference. Previously, developers were required to pay a registration fee of around \$19 to list their […]

Microsoft adds AI APIs to edge browser, opens for web developers
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Microsoft adds AI APIs to edge browser, opens for web developers

Microsoft is rolling out a suite of new AI-powered APIs for its Edge browser, giving web developers tools to build smarter applications directly within the browser environment. The announcement came Monday during the company’s Build 2025 developer conference. The new features enable websites and Edge extensions to harness Phi-4 Mini, a compact yet powerful AI […]

Apple enables Spotify users to purchase audiobooks on app
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Apple enables Spotify users to purchase audiobooks on app

Spotify announced on Monday that iPhone users in the United States can now purchase audiobooks directly through its app, marking a significant change made possible by a recent Apple policy shift. The new update allows users to view audiobook prices and buy additional listening hours — a long-requested feature previously blocked by Apple’s strict in-app […]

Russian court fines Apple over alleged LGBT violations
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Russian court fines Apple over alleged LGBT violations

A Russian court has fined U.S. tech company Apple a total of 10.5 million roubles (approximately $130,000) in four separate administrative cases, three of which relate to alleged breaches of the country’s laws against LGBT “propaganda,” court officials said Monday. According to the Moscow courts’ press office, the Tagansky District Court found Apple Distribution International […]

Microsoft hosts Elon Musk's Grok AI on cloud service Azure
News

Microsoft hosts Elon Musk’s Grok AI on cloud service Azure

Microsoft has become one of the first major cloud providers to offer managed access to Grok, the artificial intelligence model developed by Elon Musk’s AI startup, xAI. The move was announced Monday as part of an expansion of Microsoft’s Azure AI Foundry platform. Customers can now access Grok 3 and Grok 3 Mini through Azure, […]

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