Business

Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

News

EU gives Nigeria €1.5m to fight cholera outbreak

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Ecobank retains retirement age, removes director tenure limit

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Banks brace for inflow surge to meet new capital requirements

Credit rating agency, Agusto and Co. have forecasted that up to N4 trillion of inflow is expected by banks to meet the Central Bank’s new capital requirements if the apex bank could resist pressure to include retained earnings or shareholders’ funds when calculating banks’ new capital. In its opinion on the new rule put in […]

Meta implements age verification measures for Quest users
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Meta implements age verification measures for Quest users

Meta has unveiled a new measure aimed at ensuring age-appropriate experiences for Quest 2 and 3 users by prompting them to confirm their age by reentering their birthdays. This feature, Meta explained, aims to provide the “right experience, settings, and protections for teens and preteens.” For teenagers aged 13 to 17, their profiles will automatically […]

Australia fines Google $36m over anticompetitive search engine deals
News

Google deletes incognito browsing data to settle privacy lawsuit

Google has agreed to dispose of billions of data records to resolve a lawsuit alleging that it covertly tracked the internet activities of individuals who believed they were browsing privately. The terms of the settlement were submitted on Monday in the federal court of Oakland, California, and await approval from U.S. District Judge Yvonne Gonzalez […]

Yahoo acquires Instagram co-founders' AI-news platform Artifact
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Yahoo acquires Instagram co-founders’ AI-news platform Artifact

Yahoo announced on Tuesday its acquisition of Artifact, the AI-driven news platform co-founded by Instagram’s creators. The technology from Artifact will be integrated across Yahoo’s news and other web services in the United States. This acquisition underscores the ongoing challenges faced by media startups in generating revenue, particularly as Big Tech giants like Alphabet and […]

Russia restricts WhatsApp, Telegram calls over law enforcement dispute
News

Telegram launches new business features, ad-revenue sharing

Telegram is gearing up to challenge Meta’s WhatsApp and Messenger by introducing a slew of new features tailored for businesses, along with support for ad-revenue sharing. Officially launched over the weekend following an earlier announcement, Telegram Business introduces several options aimed at enhancing business interactions. These include a customizable start page, the ability to set […]

TikTok launches feature for quality sleep amid lawsuits
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TikTok launches dedicated STEM feed in Europe

TikTok is doubling down on its commitment to promoting educational content within its platform. The company revealed on Tuesday its plans to expand its specialized STEM feed across Europe, starting with the U.K. and Ireland, following its initial launch in the U.S. last year. This dedicated STEM feed will now automatically appear alongside the “For […]

OpenAI makes ChatGPT free, expands access without sign-ups
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OpenAI makes ChatGPT free, expands access without sign-ups

OpenAI announced on Monday that it will make its ChatGPT generative AI chatbot freely accessible to users without requiring sign-ups, starting this Monday. ChatGPT, which sparked the GenAI trend in late 2022, possesses the ability to simulate human conversation and execute various tasks such as summarizing lengthy texts, crafting poetry, and brainstorming ideas for themed […]

15 UK varsities face layoffs, course closures amid enrollment decline
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15 UK varsities face layoffs, course closures amid enrollment decline

At least 15 universities in the United Kingdom have made public announcements regarding staff layoffs and course closures, citing a significant decrease in enrollments of overseas postgraduate students this past January, as reported by University World News. The decline in enrollments is directly linked to the UK government’s efforts to reduce the number of international […]

News

Berger Paints posts 125% profit growth in 2023

Berger Paints Nigeria Plc has posted a magnificent 125% profit growth, as the company’s pre-tax profit hit N799.8 million in 2023, an increase from N355.6 million in 2022. This follows the company’s audited financial statement for 2023 posted on the NGX group. Its revenue hit N7.91 billion, indicating a 25% growth from the N6.33 billion […]

News

Blackout: IKEDC blames load restrictions across transmission centers

Ikeja Electric Distribution Company has attributed the ongoing power outage in some parts of Lagos to the load restrictions of its various transmission centers. This was disclosed in a circular signed by the management of the company. In the circular, it confirmed that this has led to the current service difficulties that its various customers […]

Energy

China to drive Africa’s renewable energy revolution – Report

China has an extraordinary opportunity for an energy revolution in Africa, but first, it must overcome almost two decades of neglect regarding investment in green power there, research from Boston University showed on Tuesday. Since the beginning of the century, Beijing has emerged as the largest bilateral trade partner on the African continent and financed […]

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