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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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Anthropic details Claude watermarking system to meet EU AI

Business

Apple unveils new commission rates for external app payments

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BOI to channel 80% large enterprise loans towards priority

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Blog

FG opens applications for Innovation Challenge
News

FG opens applications for Innovation Challenge

The Federal Government, through its ongoing 3 Million Technical Talent program, has initiated an Innovation Challenge, inviting applications from 6 fellows or teams from Cohort 1 of the program, each standing a chance to win N1 million. The objective of the challenge is to encourage fellows in Cohort 1 to utilize their technical skills to […]

FG spends 74% of revenue on debt in Q1 2024
News

Naira rises to N1,470/$ in parallel market

The Naira appreciated from N1,480 per dollar on Thursday to N1,470 per dollar in the parallel market on Friday. However, in the Nigerian Foreign Exchange Market, the naira depreciated to N1,431.49 per dollar on Friday. This showed the exchange rate for NAFEM rose to N1,431.49 per dollar from N1,382.35 per dollar on Thursday, indicating N49.14 […]

Economy

Nigeria’s public debt soars to N97.34tn — DMO report

The Debt Management Office of Nigeria has revealed that Nigeria’s public debt has surged to N97.34tn as of the fourth quarter of 2023. This was disclosed by DMO in a statement on Friday, according to The Punch. One way that countries can get extra funding to boost their economies is through government debt. This way, […]

Meta's Threads app introduces live sports scores feature
News

Meta’s Threads app introduces live sports scores feature

Meta CEO Mark Zuckerberg announced on Friday that Threads, the Twitter-like app from Instagram, is introducing live scores for sports games. Currently, in testing for NBA games, Threads plans to expand support to additional leagues in the future. This move aligns with Threads’ ongoing competition with X, which has offered live scores for sports games […]

Italy probes Booking.com for abuse of dominant position
News

Italy probes Booking.com for abuse of dominant position

Italy’s competition watchdog announced on Friday that it has initiated an investigation into Booking.com to determine whether the travel website is exploiting its dominant market position. The watchdog, known as AGCM, expressed concerns regarding Booking.com’s treatment of hotels participating in its Preferred Partner Programme, suggesting that such practices could impede competition in the online hotel […]

News

Shippers lament rising cargo clearing cost

Nigerian shippers have blamed the high cost of clearing and the fluctuating exchange rate for cargo clearance for the rising inventory among manufacturers. The shippers spoke on Wednesday in Lagos at the inaugural press conference of the National Shippers Association of Nigeria. Shippers are importers, exporters, manufacturers, and owners of cargo which they export or […]

Maritime

Ports Authority forecasts N629.89bn revenue in 2024

The Managing Director of the Nigerian Ports Authority, Mr. Mohammed Bello-Koko, projected that the agency would generate N629.89 billion in revenue for 2024. At the same time, requested a loan of N200 billion from Afrexim Bank, according to nairametrics. This was disclosed by Bello-Koko during the defense e of the 2024 budget in front of […]

News

FX crisis increases demand for Nigerian used cars

The Head of Technical Services at Cars45, Damilola Ojurongbe, has declared that the foreign exchange crisis in Nigeria has led to increased prices for foreign-used cars, resulting in a reduction in demand as individuals seek more affordable options. According to him, the change has benefited Nigerian used cars, in particular Japanese brands such as Toyota […]

UN passes first global AI resolution
News

UN passes first global AI resolution

The United Nations General Assembly on Thursday, unanimously passed the inaugural global resolution on artificial intelligence, urging nations to uphold human rights, safeguard personal data, and monitor AI for potential risks. The nonbinding resolution, introduced by the United States and co-sponsored by China along with over 120 other countries, also promotes the reinforcement of privacy […]

Meta launches AI voice translation on Facebook, Instagram
News

Meta to monetize Instagram for Nigerian creators June 2024

Meta, led by former United Kingdom Deputy Prime Minister and Meta’s President of Global Affairs, Sir Nick Clegg, has announced that the Instagram app will soon feature a monetization option for Nigerian creators, allowing them to earn from their content. This feature, slated for release in June 2024, aims to empower indigenous content creators to […]

Geregu Power Plc raises final dividend to N8.50/share
Energy

Geregu Power seeks shareholders’ approval for corporate governance boost

Geregu Power is seeking shareholders’ approval to amend its Memorandum and Articles of Association to boost corporate governance and investor confidence. This was disclosed in a notice it filed with the Nigerian Exchange Limited during the Annual General Meeting on Thursday, according to The Punch. The power generating company said that it would be seeking […]

Bank executives urge cybersecurity cooperation for stability
News

Bank executives urge cybersecurity cooperation for stability

Onwubuke Melvin   The Association of Chief Audit Executives of Banks in Nigeria has called for cooperation among lenders in the country to boost cybersecurity in the sector. This was disclosed in a communiqué issued at the end of the association’s annual general meeting and retreat held in Abuja recently, according to The Punch. To […]

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