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UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
Disney, Warner Bros to launch joint streaming bundle

Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025

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Trump signs executive order establishing US Bitcoin reserve

Harvard hit with another $450m funding cut by Trump

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Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

Nvidia to sell 18,000 AI chips to Saudi Arabia

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EU to hold Temu, Amazon liable for dangerous goods

Relief for Shein, Temu as US relaxes tariffs

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CBN schedules 300th MPC meeting for May 19-20

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Lagos court reverses freezing order on GHL’s assets

The Federal High Court in Lagos has lifted a Mareva injunction that had frozen the assets of the company and its directors. The court’s decision followed compelling arguments from GHL’s legal team, led by Abiodun Layonu, SAN, and Olumide Aju, SAN, who represented the second to fifth defendants in the case. Justice Dehinde Dipeolu’s ruling […]

Opay, Palmpay, others facilitate N46.6trn transactions in 2023 - NIBSS
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Nigeria’s e-payment transactions hit N1.07quadrillion in 2024

Electronic payment transactions in Nigeria soared to N1.07 quadrillion in 2024, marking a historic milestone as the first time the country has reached the quadrillion mark. Data from the Nigeria Inter-Bank Settlement System reveals that the value of transactions on the NIBSS Instant Payment platform surged by 79.6%, compared to N600 trillion in 2023. The […]

No injuries from accidental flight takeoff - Max Air
News

Kano Airport runway shut over Max Air tyre burst

The runway at Malam Aminu Kano International Airport has been temporarily closed for inspection and clearance following a tyre burst on a Max Air plane during landing on Tuesday night. The aircraft, Flight VM1605 (registration 5N-MBD), suffered the tyre burst at 10:57 p.m. Fortunately, all 53 passengers and crew were safely evacuated without injuries. The […]

Alibaba cuts quantum computing team
Tech

Alibaba launches AI model, claims it surpasses DeepSeek-V3

Chinese tech company Alibaba launched a new version of its Qwen 2.5 artificial intelligence model on Wednesday, claiming it surpassed the highly-regarded DeepSeek-V3. The timing of the Qwen 2.5-Max’s release, coinciding with the first day of the Lunar New Year when most Chinese people are off work, reflects the pressure DeepSeek’s rapid rise in the […]

News

FG grants 25-year license to 10 gas distribution companies

The Nigerian government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has granted 25-year gas distribution licenses to 10 companies for the establishment and operation of gas networks. These licenses, focused on promoting domestic gas use, cover franchise areas in Lagos, Ibadan, Port Harcourt, and Benin City. The goal is to ensure natural gas […]

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

Mobile AI apps reach $2bn market, driven by ChatGPT

OpenAI’s ChatGPT is driving a significant surge in spending on AI apps and services for smartphones. Since its mobile release in May 2023, the chatbot has earned $529 million, nearly four times more than the second-highest earner, according to a new report from Appfigures. AI app spending is expected to nearly quadruple in 2024, reaching […]

Microsoft to hold cybersecurity summit after server outage
Tech

Microsoft probes possible unauthorized access to OpenAI data

Microsoft and OpenAI are looking into whether a group connected to the Chinese AI startup DeepSeek gained unauthorized access to data from OpenAI’s technology. Sources say that last fall, Microsoft’s security team detected what they believe were attempts by individuals linked to DeepSeek to exfiltrate large amounts of data through OpenAI’s API, according to Bloomberg. […]

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$3.25bn foreign investment to power 23m people – Tinubu

President Bola Tinubu has announced that Nigeria is securing over $3.25 billion in foreign investment to ensure a reliable power supply for 23.7 million people. He emphasized the country’s commitment to providing electricity to even the most remote and hard-to-reach communities, aiming for greater energy equity across the nation. President Bola Tinubu made this statement […]

News

NUPRC eyes N15tn revenue for 2025

The Nigerian Upstream Petroleum Regulatory Commission has set a revenue target of N15 trillion for this year. The Commission’s Chief Executive, Gbenga Komolafe, revealed this goal on Tuesday while speaking to the press after receiving the ThisDay CEO of the Year Award in Lagos. Komolafe highlighted that the NUPRC exceeded its 2024 revenue target by […]

News

Cardoso warns banks on FX code violations

Central Bank of Nigeria Governor, Olayemi Cardoso, has issued a strong warning to financial institutions, stressing that any violations of the newly introduced Nigeria Foreign Exchange Code will result in severe penalties. At the launch of the FX Code at the CBN headquarters in Abuja on Tuesday, Cardoso emphasized the importance of the framework in […]

Nigeria’s telecom records growth as mobile subscriptions rise to 169.3m
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Telecoms subscribers to sue NCC as tariff hike talks stall

The National Association of Telecommunications Subscribers announced on Wednesday that it intends to take legal action against the telecom regulator, the NCC, over its failure to reduce the recently implemented tariff hike to a more reasonable 10 per cent. The increase, which was introduced last week Monday, marks the first adjustment in over a decade […]

Microsoft, OpenAI in talks to renegotiate partnership
News

Microsoft launches ‘Scareware Blocker’ to tackle online scams

Microsoft is rolling out a new feature called “Scareware Blocker,” designed to combat one of the internet’s oldest and most persistent scams. The tool leverages machine learning and computer vision and aims to identify and neutralize scareware — deceptive software that tricks users into believing their computers are under threat. Scareware typically masquerades as fake […]

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