Blog

Anthropic counters OpenAI with $1 AI offer to government branches
Business

UK banks to access guarded Anthropic AI model amid concerns

British banks are set to gain access next week to a powerful artificial intelligence tool developed by Anthropic, a system the company has previously restricted from public release over safety concerns, according to people familiar with the matter. The rollout marks a significant expansion of the model’s availability beyond a tightly controlled group of primarily […]

featured Finance

NGX extends trading hours to 4pm from April 27

Nigerian Exchange Limited has announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday April 27, 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. Approved by the Securities and Exchange Commission (SEC) Nigeria, the expansion shifts the market opening earlier from […]

Russia fines Zoom $1.18m for operating without office
Tech

Zoom partners World to tackle AI deepfake impersonation

Zoom has partnered with World, the human identity verification company founded by Sam Altman, in a move aimed at curbing the rising threat of AI-generated impersonation in virtual meetings. The collaboration is designed to help ensure that participants in Zoom meetings are verified humans rather than sophisticated deepfake avatars, as concerns grow over the misuse […]

Anthropic gives Claude AI power to end conversations
Tech

Anthropic launches Claude design to turn prompts into visuals

Anthropic said on Friday that it is rolling out Claude Design, an experimental tool that enables users to create visuals such as prototypes, slide decks, one-pagers, and other materials using Claude. The company said the feature is aimed at founders, product managers, and others without formal design experience who need an easier way to communicate […]

Uber seeks funding for Robotaxi expansion operations
Business

Uber lets customers return purchases without leaving home

Uber unveiled a new feature on Friday that allows customers to return purchased items without stepping outside their homes. The returns option, available through the Uber Eats app, is part of the company’s broader push to make its platform more “sticky” by expanding beyond ride-hailing and food delivery into additional everyday services. There are some […]

featured Finance

Nigerian insurers pay ₦307bn claims in 2025

Nigeria’s insurers paid N307.2 billion in claims in the 2025 financial year, up from N216.9 billion in 2024, representing a 41.6 per cent increase as stronger underwriting activity and rising policy utilisation pushed payouts higher across the industry. The increase reflects a broad rise in insurance activity, with data from 12 listed insurers showing that […]

MT praisel vessel was not carrying stolen petroleum — Navy
Maritime

NIMASA intensifies efforts to remove US entry ban on vessels

The Nigerian Maritime Administration and Safety Agency has stepped up efforts to address lingering port security gaps and secure the removal of entry restrictions on Nigerian-bound vessels, as it deepens collaboration with the United States Coast Guard. This comes as a USCG delegation, led by the Chief of International Port Security Operations, Mr. Bryan Ullmer, […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy featured

Cardoso dismisses reserve fluctuations, assures strong buffers

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations in the country’s external reserves, insisting that Nigeria remains in a strong and comfortable position, with buffers well above global benchmarks. Tribune reported that speaking at a Nigerian press conference to round up the International Monetary Fund/World Bank Spring Meetings […]

Aviation

NMDPRA assures two-month aviation fuel sufficiency amid scarcity fears

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has assured Nigerians of strong aviation fuel availability across the country, disclosing that current stock levels can sustain demand for a total of 74 days. BusinessDay reported that in a statement issued on Friday by Director, Public Affairs Department, George Ene-Ita, the Authority said inland reserves account […]

Shipping crisis stalls Dangote fuel distribution
Investment

Dangote Refinery IPO offers US dollar dividends to attract investors

Africa’s richest man, Aliko Dangote is seeking to draw investors into the planned listing of his refinery business by anchoring returns to United States dollar-denominated dividends, as he prepares to float about 10 per cent minority stake in one of Africa’s largest industrial assets to fund a sweeping expansion programme. The billionaire industrialist plans to […]

Opinion

Foreign interests hindering Africa’s refineries, Dangote warns

Africa’s richest man and President of Dangote Group, Aliko Dangote, has said that entrenched foreign interests are undermining Africa’s industrial development and slowing the continent’s push toward economic self-sufficiency. Dangote made the remarks while speaking at the Investing in Africa Forum, held on the sidelines of the ongoing IMF/World Bank 2026 Spring Meetings in Washington […]