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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

  • 16th August 2026

BOI to channel 80% large enterprise loans towards

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

  • 15th August 2026

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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

MTN winds down BEE scheme, pay out modest returns to investors
Telecommunications

MTN to exit Guinea-Bissau, Conakry, amid financial difficulties 

MTN has signaled a potential departure from Guinea-Bissau, Guinea-Conakry, and Liberia, as it highlighted numerous challenges in the West and Central Africa region. The CEO Ralph Mupita noted inflation and currency devaluation as major issues across several markets.  In Guinea-Bissau and Guinea-Conakry, MTN holds a significant portion of the market share, approximately 30%, according to […]

Finance minister presents minimum wage to Tinubu
News

Japan to invest about $99.1m in Nigeria Agric Sector – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has announced that the Japanese International Cooperation Agency is allocating ¥ 15 billion (approximately $99.1 million) to enhance food security in Nigeria by supporting its agricultural sector. The Minister made this disclosure in a statement on Monday after the fourth FEC meeting of […]

News

Container ship collapses bridge in Maryland, USA

Francis Scott Key Bridge, in Baltimore Maryland collapsed and vehicles plunged into the river early on Tuesday after a container ship collided into a support pylon, officials said, and rescuers were searching the water for survivors. It is reported that there were lots of vehicles on the bridge as huge spans collapsed into the Patapsco […]

Domestic airfares in Nigeria surge by 19% in one year - NBS
Aviation

Airbus seeks partnership with Nigerian aviation sector

The Vice President for Sales in Africa, at Airbus, Hadi Akoum, has announced that the European multinational aerospace corporation is enthusiastic about collaborating with the Nigerian aviation sector to enhance the operations of local airlines in the country. This was revealed in a letter to the Minister of Aviation and Aerospace Development, Festus Keyamo, according […]

Portuguese data watchdog halts Worldcoin’s iris-scanning project
News

Portuguese data watchdog halts Worldcoin’s iris-scanning project

The data protection authority of Portugal, known as the Comissão Nacional de Proteção de Dados, has taken action against Sam Altman’s iris-scanning project, Worldcoin, by issuing an order to halt the collection of biometric data within the country’s borders for 90 days. This directive, announced via an official statement on Tuesday, marks a significant development […]

Telegram expands crypto wallet access to users
News

Telegram launches controversial peer-to-peer SMS login service

Telegram has introduced a contentious new feature offering users a complimentary premium membership in exchange for permitting the instant messaging app to utilize their phone numbers as a conduit for delivering one-time SMS passwords to other users attempting to log into the platform. This move has sparked concerns regarding potential privacy vulnerabilities and the exposure […]

Electricity News

Tinubu approves infrastructure development fund

President Bola Tinubu approved the Renewed Hope Infrastructure Development Fund on Monday to bridge the country’s $25bn per annum infrastructure funding gap. This was disclosed by the Minister of Information and National Orientation, Mohammed Idris, while addressing the press after Monday’s Federal Executive Council meeting at the Presidential Villa, Abuja, noting that the new initiative […]

Dell technologies slash workforce by 10%
News

Dell lays off workers over PC demand drop

Dell Technologies disclosed a reduction in its workforce as part of a comprehensive cost-cutting initiative, which involved measures such as restricting external hiring and reorganizing employees in a filing released on Monday. As of February 2, 2024, the company’s workforce stood at nearly 120,000 employees, down from approximately 126,000 the previous year. The decision to […]

featured News

Four states lost N12bn to ginger disease – FG

The Federal Government on Monday confirmed the outbreak of ginger blight disease in four Nigerian States, which had cost farmers over N12 billion to date. This was disclosed at the inauguration of the National Ginger Blight Epidemic Control Taskforce in Abuja, noting that fungal disease had inflicted significant damage on ginger farms in Kaduna, Nasarawa, […]

News

Controversial water bill delays release of $700m World Bank loan

Nigeria Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene Program-for-Results, underpinned by a $700 million loan from the World Bank, faces significant delays due to legislative gridlock. The stalled passage of the controversial Water Act, which is needed to unlock additional funding from the loan to improve water, sanitation, and hygiene services across the […]

News

FEC approves N110bn loan for youth entrepreneurs

The Federal Executive Council on Monday approved N110b from the Presidential Youths Investment Funds. This was disclosed by Minister of youth development, Jamila Ibrahim on Monday while briefing State House journalists after the Federal Executive Council meeting presided over by President Bola Tinubu. The minister revealed that the Ministry received N25 billion for 2023; 2024 […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
News

CBN sells dollars to BDCs at N1,251/$1 as naira strengthens

The Central Bank of Nigeria has issued a circular to Bureau De Change operators, notifying them of the sale of $10,000 to each BDC at a rate of N1,251 per US dollar. According to the circular, BDCs are instructed to sell the dollars to eligible customers at a rate not exceeding 1.5% above the purchase […]

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