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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

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  • 19th May 2025

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Ecobank raises $125m in oversubscribed Eurobond issuance

Ecobank secures additional $125m via Eurobond

Banking
NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT

NASS inflated 2025 budget with 11,122 ‘ghost’ projects —

News
Apple partners Anthropic on AI-Powered 'vibe coding' platform

Apple empowers developers with AI access to boost innovations

Tech

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

E-commerce

Blog

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank secures additional $125m via Eurobond

Ecobank Transnational Incorporated, the parent company of the Ecobank Group, has successfully raised an additional $125 million through a Eurobond tap, increasing the total size of its 2029 notes to $525 million. According to a statement released on Tuesday via the Nigerian Exchange Limited, the Lomé-based pan-African bank issued the tap at a premium price […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
News

NASS inflated 2025 budget with 11,122 ‘ghost’ projects — BudgIT

Civic tech organization BudgIT has accused the National Assembly of inserting 11,122 questionable projects worth N6.93 trillion into the 2025 federal budget, describing the move as part of a “deeply entrenched culture of exploitation and abuse” within Nigeria’s budgeting process. The allegations were made public in a statement posted on BudgIT’s official X (formerly Twitter) […]

Apple partners Anthropic on AI-Powered 'vibe coding' platform
Tech

Apple empowers developers with AI access to boost innovations

Apple Inc. is set to empower third-party developers by granting access to its artificial intelligence models, a strategic move to drive innovation and enhance the appeal of its devices, sources familiar with the matter revealed. The iPhone giant is developing a software development kit and frameworks that will allow external developers to create AI-driven features […]

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%
featured

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
News

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
News

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
News

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
News

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 […]

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