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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

  • 10th August 2026

Nigeria’s monthly data consumption hits record 1.5mTB in

  • 10th August 2026

NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

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Nvidia unveils Nemotron 3.5 lightning as open-source AI debate

Tech

Anthropic to watermark AI-generated text under new EU rules

featured

Spotify introduces ‘AI Persona’ labels for AI-generated artists

Tech

Google Gemini surpasses 1b monthly active users

Tech

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Apple to launch Vision Pro outside US
Tech

Seven things to know about Apple’s New VR headset

The Apple Vision Pro stands as one of the year’s most anticipated devices, marking Apple’s initial venture into the realms of virtual and augmented reality. Positioned as a potential flagship in a product line aimed at captivating a broader audience with spatial computing and wearable displays, there are key aspects to consider before making a […]

NGX delists GlaxoSmithKline from exchange list
Business

NGX delists GlaxoSmithKline from exchange list

The Nigerian Exchange Limited has delisted GlaxoSmithKline Consumer Nigeria Plc’s shares from the Daily Official List of the exchange. The Exchange’s Weekly Report mentioned this. The delisting happened after the NGX granted the Company’s request to delist all of its outstanding share capital “Following the approval of the Company’s application to delist its entire issued […]

CEO blames price barrier for Nigeria's slow eSIM adoption
Tech

CEO blames price barrier for Nigeria’s slow eSIM adoption

CEO of eSIM Plus, Dina Tsybulskaya has cited the expensive price of eSIM-compatible phones as the reason behind Nigeria’s sluggish adoption of the technology. Tsybulskaya, whose company provides the infrastructure for Nigerian telecom providers, also attributed the development to the laborious procedure of activating SIM cards for visitors to the country. In an exclusive interview […]

Rivers assures Germany of secure business environment presentation
News

Rivers assures Germany of secure business environment

The business delegation from the German Chamber of Industry and Commerce was given assurances by Rivers State Governor Mr. Siminalayi Fubara regarding the safety of doing business in the state. Arise News stated that, this is in light of the fact that Governor Fubara has declared that his administration is creating robust investment-driven ties with […]

Speculative FX demands cause of weak naira - CBN
News

Speculative FX demands cause of weak naira – CBN

By Christian George The Central Bank has attributed the country’s weak currency to the insatiable demand for dollars and foreign goods by Nigerians. According to The Guardian, the apex bank governor, Olayemi Cardoso; Ministers of Finance, Wale Edun; Budget and National Planning, Senator Atiku Bagudu; Agriculture and Food Security, Senator Abubakar Kyari, yesterday, explained in […]

featured

Why flight fares may increase – Local airlines

Airline companies have warned that they may be have to evaluate their pricing upward since the price of aviation fuel increased to more than N1300 According to The Punch, the local airlines’ spokesperson, Obiora Okonkwo, revealed this in a statement on Friday and demanded prompt government action to stop the local airlines from going out […]

Naira crosses N1,000/$ in parallel market
Banking

Banks to pay customers money sent from abroad in naira

Following the recent directive by the Central Bank of Nigeria, restricting the operations of International Money Transfer Operators to only inbound transfers, the IMTOs have decided to halt dollar transfers to Nigerians.   The IMTOs said they will now only pay in naira.   In the recently published document addressed to IMTOs, on January 31, […]

X opens app to sports betting with BetMGM deal
Tech

X opens app to sports betting with BetMGM deal

X, formerly Twitter, on Friday signed a deal with the sports betting operator, BetMGM to give users access to betting codes. “X is the center of the sports world’s conversation 24 hours a day, seven days a week,” BetMGM CEO Adam Greenblatt, said in a statement. “Being directly accessible within that forum is an unprecedented […]

Lagos unveils plan to tax remote workers to generate N200bn
News

Over 1,000 Lagos retirees to receive N3.1bn next week – Sanwo-Olu

The governor of Lagos State, Babajide Sanwo-Olu, has declared that his administration will provide over 1,000 retirees in the state a whopping N3.1 billion in benefits in the upcoming week. Sanwo-Olu made this announcement on Friday on X. He also stated that his administration’s goal was to make families happy. He claimed that more than 1,000 […]

PZ Cussons Nigeria Plc has convened an extraordinary general meeting of shareholders following a N73.8 billion loss that reduced the value of its net assets.
Business

PZ Cussons Nigeria’s H1 2023/2024 losses hit N73.8bn

The financial results for the second quarter of the fiscal year 2023/2024, which ended on November 30, 2023, have been released by PZ Cussons Nigeria Plc. According to The Times, When compared to the N9.3 billion pre-tax profit realized in the same time of the previous fiscal year, the company’s pre-tax loss of N73.8 billion […]

Grammarly unveils new AI-powered document interface
Tech

Grammarly lays off 230 workers globally

Grammarly said this week that as part of a “business restructuring,” the company is cutting off 230 workers globally. Grammarly states that the layoffs are a part of their efforts to further their emphasis on “the AI-enabled workplace of the future.” “To arrive at today’s decision, we took a look at our organizational design and […]

OpenAI mulls $500bn valuation in employee share sale talks
Tech

OpenAI hits $2bn in revenue

In December, OpenAI, the Artificial Intelligence company, achieved a significant milestone by reaching $2 billion in revenue, as reported by the Financial Times on Friday. OpenAI anticipates surpassing this figure in 2025, projecting substantial interest from business customers eager to integrate its generative AI tools into workplace environments. The company’s annualized revenue soared to over […]

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