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Global goods trade rises 12.5% to $13.7tn in

  • 16th August 2026

Anthropic details Claude watermarking system to meet EU

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BOI to channel 80% large enterprise loans towards

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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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SpaceX completes acquisition of AI coding startup Cursor

Tech

Global goods trade rises 12.5% to $13.7tn in H1

Business

Anthropic details Claude watermarking system to meet EU AI

Business

Apple unveils new commission rates for external app payments

Tech

Blog

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

FG orders banks to deduct stamp duty charges on loans

The Federal Government has directed commercial banks in the country to henceforth deduct and remit 0.375% of all loans disbursed by them. The deduction is to be made on the principal loan amount, according to a message sent to customers by banks, according to nairametrics. This follows as the government stretches the net on transactions […]

News

2.5m Nigerians to be poverty-free in 5 years – NASENI

The Chief Executive Officer of the National Agency for Science and Engineering Infrastructure, Mr. Khalil Halilu has said that the Agency is projecting to lift 2.5 million Nigerians out of poverty within five years, through technology transfer and its various programs. This was disclosed by Halilu at a media parley on Wednesday in Abuja, according […]

Oil and Gas

Dangote refinery cuts down Africa’s $17bn European oil imports – Report

Dangote oil refinery could slash the annual $17 billion gasoline importation from Europe to Africa, placing additional stress on European refineries threatened by rising competitive forces. The refinery which cost $20 billion to build, started production in January, It can refine up to 650,000 barrels per day and will be the largest in Africa and […]

Telecommunications

Telecel acquires MTN assets in Guinea-Bissau, Guinea-Conakry

In preparation for its upcoming initial public offering in the next three years, Telecel Group, an African focused telecommunications company, recently acquired two West African units from MTN Group Ltd., Africa’s largest mobile operator. The acquired assets include the debt and equity of MTN in Guinea Bissau and Guinea-Conakry, which is another strategic move by […]

Banking

Access Holdings grows profit by 306% as assets hit N26tn

Access Holdings grew profits by 306.91 per cent to N619.32bn for the financial year 2023 from N152.20bn recorded in the previous year. This disclosure was made in the consolidated and separate statement of financials for 2023 filed with the Nigerian Exchange Limited on Wednesday. This is the largest profit, the firm has ever made under […]

Economy featured

NNPCL denies reducing fuel pump prices

The Nigerian National Petroleum Company Limited has debunked claims that it has reduced the pump prices of petrol and diesel. In a statement, the NNPCL’s spokesperson, Olufemi Soneye, said these claims were unfounded and therefore urged Nigerians to disregard them. Recall that there were reports that some posts on various social media platforms on Tuesday […]

Economy

CBN sells N1.64 trillion in treasury bills

The Central Bank of Nigeria successfully conducted an auction of Nigerian Treasury Bills on March 27, 2024, which saw a substantial amount of N1.64 trillion being sold, as shown in the auction resulta report. Investors were attracted to the higher stop rates offered as they were convinced of the country’s economic instruments, according to nairametrics. […]

Crypto

KuCoin users withdraw $1.2bn amid US charges

KuCoin, a leading cryptocurrency exchange has witnessed the withdrawal of over $1.2bn from its platform over the last 24 hours following a withdrawal frenzy by users caused by fresh US Charges leveled against the platform. The platform saw about $500m in assets withdrawn from the Ethereum blockchain alone, according to BeinCrypto. Data from SpotOnChain reflects […]

Nigeria loses $1.1bn annually to medical tourism – Afreximbank
Energy

African Energy Bank to kick-start operations 2024

The proposed Africa Energy Bank which will help in funding oil and gas projects across Africa is set to begin operations this year with an initial capital base of $5 billion. The bank, a collaboration between Afreximbank and the African Petroleum Producers Organization, is meant to help plug a funding deficit in Africa amid pressure […]

FEC approves N60 billion for SMEs scheme
News

Tinubu sets up Presidential Economic Council, names Shettima, Dangote, Elumelu others as members

President Bola Tinubu has approved forming the Presidential Economic Coordination Council (PECC), appointing the Vice President, Kashim Shettima, 18 ministers, and prominent figures from the private sector as members. This disclosure was made in a statement by the spokesperson for the president, Ajuri Ngelale, on Wednesday in Abuja, according to nairametrics. According to the statement, […]

Bytedance shuts down TikTok's sister app LetsChat
News

Bytedance shuts down TikTok’s sister app LetsChat

ByteDance, the parent company of TikTok, has officially ceased operations of LetsChat, an instant messaging platform. The decision was announced through a statement on the company’s website, indicating that LetsChat ceased operations on Saturday, March 23, 2024. This move follows the removal of the app from various app stores on February 26, 2024. Users who […]

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