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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

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Canada visa wait-time rises for Nigerian applicants — IRCC

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Firms, households expect inflation pressures to ease further —

Economy

Trump signs new executive order banning birth tourism

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Business

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UK reportedly demands backdoor access to Apple user data
News Tech

France approves Apple’s iPhone 12 update

French authorities on Friday approved Apple’s software update of its iPhone 12 after a row over radiation levels of the device, which led France to suspend sales of the phones. The French regulator had on Tuesday received a software upgrade from Apple for the iPhone 12 and analysed it before making their approval. Earlier this […]

Spotify shares slide to 7% despite subscriber rise
Business

Nigeria is Africa’s second-largest podcast consumer – Spotify

Nigeria is Africa’s second-largest podcast consumer, according to global streaming service Spotify. According to The Times, in celebration of International Podcast Day,  Spotify’s podcast manager for Sub-Saharan Africa, Ncebakazi Manzi, made this declaration. He claimed that over the previous two years, the number of podcast listeners in Nigeria has grown exponentially, rising by 222% between 2021 and […]

Manufacturers warn price hikes to persist without solutions
Business

How manufacturers spent $60bn on renewable energy in six months – MAN

The Manufacturers Association of Nigeria has stated that manufacturers spent at least N60.4bn on alternative energy sources in the first half of 2023. According to MAN’s recently released Half Yearly Economic Review, this is a 21.25 percent increase over the N76.7 billion spent on alternative energy during the same period last year. The increase in electricity […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

FG removes oil production constraints to tackle divestments

The Federal Government announced on Thursday that it was lifting all restrictions for oil exploration and production as part of efforts to stop foreign oil corporations from leaving Nigeria. According to The Punch, while hosting the leadership of the Independent Petroleum Producers Group and the Oil Producers Trade Section at his office in Abuja, the […]

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
Business

Dangote Group subsidiaries paid FG N474bn in tax – Report

In three years, three Dangote Group subsidiaries paid the federal government a total of N474 billion in taxes. According to The Punch, a representative of the Dangote Group,  Hashem Ahmed, said this on Thursday during the 18th Abuja International Trade Fair’s opening ceremony. Ahmed, who spoke on behalf of the multibillion-dollar organization, revealed this while discussing the fair’s […]

Equity investors lose N1.5tn as bond yield rises
Banking featured

CBN to stabilise economy with $3bn – NEC

The National Economic Council stated on Thursday that the $3 billion emergency loan-for-crude oil that the Federal Government obtained in August would be used to stabilise the naira. The Punch reported that the value of the naira has been fluctuating in the Investors & Exporters window and getting worse in the parallel market, reaching N1000/$ earlier […]

Google launches AI-powered search in Nigeria, other countries
News Tech

Google rolls out AI experience for teens

Google said on Thursday that it is making its generative AI search experience available to teens. The AI-powered search experience, often referred to as Search Generative Experience, adds a conversational mode to Google Search so that you may have a natural dialogue with Google about a subject. Teens in the United States between the ages […]

Adobe launches web version of Photoshop for premium users
News Tech

Adobe launches web version of Photoshop for premium users

Adobe on Wednesday formally introduced the Photoshop web version for all users with premium plans The web version, which spent nearly two years in beta testing, is now accessible and includes Firefly-powered AI features like generative fill and generative expand. According to the platform, the web toolbar’s functions are built on workflows like duplicating an […]

Amazon increases AI spending to $100bn
News Tech

Amazon launches Bedrock AI for businesses, developers, others

Amazon on Tuesday announced that Bedrock, a service that offers a selection of generative AI models from Amazon and other partners via an API, is now generally available. “Today’s announcement is a major milestone that puts generative AI at the fingertips of every business, from startups to enterprises, and every employee, from developers to data […]

Meta scraps fact-checking program, introduces X-like community notes feature
News Tech

Norway asks EU regulator to fine Meta for data privacy breach

Norway’s data regulator announced on Thursday that the ongoing fine against Meta will be forwarded to the European data authority. Since August 14 for three months, Meta has been fined one million crowns ($93,000) every day for violating customers’ privacy by collecting their data and utilising it to target advertisements at them, a Big Tech […]

Volkswagen resumes production after IT outage
News Tech

Volkswagen resumes production after IT outage

Volkswagen announced on Thursday that a significant IT disruption that had forced the shutdown of most of its German plants had been fixed overnight and that its global production network was once again operational. The event, which VW claimed started on Wednesday at 10:30 GMT and was made public late that day, had an effect […]

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