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African family businesses outperform global peers in growth

  • 25th June 2026

Poor transparency validation could scare off investors, NEITI

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African cocoa farmers demand $6000/tonne floor price

  • 25th June 2026

Reps expand probe of airport, seaport concessions

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Aradel Holdings, two others increase NASD OTC bourse by 1.13%
Business

NASD OTC Securities Exchange drops by 0.08%

The NASD Over-the-Counter Securities Exchange on Monday, July 31, fell by 0.08 percent, subtracting N400 million from the bourse’s overall worth. As a result, the market value of the NASD OTC securities exchange decreased from the N1.077 trillion it reached last Friday to N1.077 trillion. Likewise, the NASD Unlisted Securities Index decreased by 0.30 points […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank records 109.57% profit increase in Q2 2023

Wema Bank announced its 2023 second-quarter results, revealing that pre-tax profits increased by 109.57% year on year, reaching N5.87 billion. According to The Times, pre-tax profits for the first half of the year increased from N6.103 billion to N12.059 billion as a result. The huge expansion in net interest income as well as net fees […]

Google halts diversity hiring goals, reviews DEI programs
News Tech

Google Assistant transitioning to generative AI – Reports

Tech giant, Google is pivoting to artificial intelligence as companies strive to integrate AI in their products. An internal email obtained by Axios claims that Google is integrating generative artificial intelligence. The Assistant team leads “see a huge opportunity to explore what a supercharged Assistant, powered by the latest LLM [large language model] technology, would […]

Prestige Assurance hits 34% gross premium growth
Business

Prestige Assurance hits 34% gross premium growth

Prestige Assurance Plc increased its gross premium written by 34% to N12.4 billion at the end of the 2022 fiscal year, up from N9.27 billion in 2021. According to The Punch, the business’s annual general meeting in Lagos, the chairman of the company, Mrs Funmi Oyetunji, revealed this information to the shareholders. She said Prestige showed […]

Elon Musk takes down glowing X logo at Twitter HQ
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Elon Musk takes down glowing X logo at Twitter HQ

The ‘X’ logo that once adorned Elon Musk’s Twitter, headquarters in downtown San Francisco has been taken down, leaving behind a trail of complaints and controversy. Over the weekend, the city building department received 24 complaints regarding the massive ‘X’ installed on the rooftop of the high-rise on Market Street. Neighbors expressed frustration about the […]

Tech

Meta to set up AI chatbots for social media engagement

Meta Platforms, the parent company of Facebook, is gearing up to introduce a groundbreaking range of AI-powered chatbots with distinct personalities, as reported by the Financial Times. These chatbots are designed to engage in human-like conversations, offering users a novel and immersive experience across its social media platforms. According to sources familiar with the plans, […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Business

NCC to block stolen SIMs in five minutes

The Nigerian Communications Commission has suggested shortening the process from 30 minutes to 5 minutes for blocking a reported stolen phone’s Subscribers Identity Module. According to The Punch, this information was revealed during the three-day public inquiries at the commission in Abuja on six regulatory instruments. The Deputy Director, Technical Standards and Networks Integrity Department, […]

Why motorists should verify vehicle insurance status - Operators
News

Why motorists should verify vehicle insurance status – Operators

Operators in the insurance industry have said that Nigerians can verify the status of their motor insurance through the Nigerian Insurance Industry Database. The Punch reported that the Nigerian Insurers Association and the National Insurance Commission together launched the NIID in an effort to combat false certifications in the country back in the day. Describing the […]

Lasaco Assurance announces N183m dividend payment
Business

Lasaco Assurance announces N183m dividend payment

Lasaco Assurance Plc has announced that it will pay a 15 kobo dividend on each share, amounting to N183 million for the fiscal year ending December 31, 2022. According to the Punch, the company’s chairman, Teju Philips, made this announcement at the 43rd annual general meeting in Lagos. She also revealed that the shareholders’ fund increased from […]

30% CIT on foreign tankers to cut FG's profit - Shipowners
Business

30% CIT on foreign tankers to cut FG’s profit – Shipowners

The 30% corporation income tax that was recently imposed on members of the International Association of Independent Tanker Owners raised concerns to the president of the Nigerian Chamber of Shipping, Mr. Aminu Umar, about how it would affect the federal government’s revenue. According to The Punch, Umar suggested on Sunday that the tax structure might […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
News Tech

Apple releases public beta 2 of iOS 17, macOS, others

A week after seeding the fourth beta of iOS 17 to developers, Apple on Monday released the second public beta of this operating system, as well as of iPadOS 17, watchOS 10, macOS Sonoma, tvOS 17, and HomePod Software Version 17. With that, enrolled public beta testers can take advantage of the most recent updates, […]

Business

Analysts predict crude oil won’t sell $90/barrel

Some oil market analysts have predicted that the price of crude oil is not anticipated to reach $90 per barrel this year due to factors like a decreased likelihood of deeper supply cuts by the Organisation of the Petroleum Exporting Countries and its allies and China’s record-high crude oil stocks. The price of Brent crude, which acts […]

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