Business

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

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Naira holds steady at ₦1,368/$ in official FX market

Finance

Firms expect borrowing costs to ease in coming months

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Freight agents, Customs clash over Single Window rollout

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Lagos needs 40,000 more doctors, says Sanwo-Olu

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World Bank approves $300m support package for Ghana's economic recovery
Business

World Bank suspends $8.6bn loan to Nigeria – Report

Nigeria has a $8.25 billion undisbursed World Bank debt as of July 2023. According to The Punch, this was based on information from the World Bank’s website’s Summary Statement of Loans, Credit, and Grants. The undisbursed loans included $1.12 billion from the International Bank for Reconstruction and Development and $7.45 billion from the International Development […]

Forex turnover records N22tn in seven months on FMDQ
featured News

Forex turnover records N22tn in seven months on FMDQ

    The foreign exchange turnover on the FMDQ reached a total of N22.98tn ($44bn) over the period spanning from January to July 2023. The information was disclosed in the August issue of the FMDQ Spotlight, a monthly newsletter produced by the exchange. After the Central Bank of Nigeria harmonised the foreign currency rates in […]

Zoho hits 100m users milestone
News Tech

Zoho hits 100m users milestone

Leading global technology company Zoho announced on Tuesday that it now serves 100 million users across its 55+ business applications. The company disclosed that it is the first bootstrapped SaaS company to accomplish this feat. This expansion follows the company’s $1 billion revenue milestone last year. The co-founder and CEO of Zoho Corp., Sridhar Vembu, […]

Meta tests in-house AI chip to reduce reliance on Nvidia
News Tech

Meta to remove Facebook news from UK, others

Meta on Tuesday said that it would discontinue Facebook News in the United Kingdom, Germany, and France beginning in the first few days of December. The social media company stated that it was part of its “ongoing effort to better align our investments to our products and services people value the most.” For those who […]

News Tech

Zoom upgrades AI-powdered services

Videoconferencing platform Zoom has updated and rebranded its AI-powered services, including the generative AI assistant formerly known as Zoom IQ. The information follows an uproar over updates to Zoom’s terms of service, which suggested that Zoom reserved the ability to train its AI tools and models using client videos. Zoom updated its policy to specifically […]

Trump opens TikTok account amid pending ban deadline
News Tech

TikTok hires British NCC for data control

TikTok has hired British cybersecurity firm NCC to evaluate its data controls and protections and provide third-party verification. This is part of its “Project Clover” data security initiative. Due to rising worries about the startup, which is owned by the Chinese corporation ByteDance, and whether China’s government could gather user data to advance its interests, […]

Vodafone Germany fires 2,000 employees to save costs
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Vodafone, Amazon partner to expand 5G reach

Vodafone intends to collaborate with Amazon’s low Earth orbit satellite constellation Project Kuiper for 5G. This partnership is in order to expand the coverage of its 4G and 5G communication networks in Europe and Africa, The British mobile operator said that high-bandwidth, low-latency satellites from Project Kuiper would be used to link mobile service stations […]

Over 70 AI language models released in China - Biadu
News Tech

Over 70 AI language models released in China – Biadu

The CEO of Baidu Inc Robin Li, has disclosed that more than 70 sizable artificial intelligence language models with more than 1 billion parameters have been released in China. After receiving regulatory licence for mass market releases, Baidu joined a number of other Chinese businesses in launching AI chatbots last week. These companies include AI […]

Google appoints Alex Okosi as MD in Africa
Tech

Google appoints Alex Okosi as MD in Africa

  Multinational technology company, Google, has made public its decision to appoint Alex Okosi, who presently serves as the Managing Director for YouTube in EMEA Emerging Markets, as the new Managing Director for Google in Africa. In his newly assumed position, Okosi will bear the responsibility of overseeing Google’s operations in Africa. This includes the […]

AfDB begins agro-industrialisation programme
Agribusiness

AfDB begins agro-industrialisation programme

  The African Development Bank, has stated the implementation of phase two of the Special Agro-Industrial Processing Zones is expected to bring about significant changes in agricultural practises, leading to a transformation of Nigeria’s economy from a predominantly agrarian one to an industrial society centred around agribusiness. According to The PUNCH, the AfDB in a […]

NASENI's solar-powered bikes, others commendable - Senate
Business

Why Nigeria cannot disregard tech talent – NASENI

The new Executive Vice Chairman/Chief Executive Officer of the National Agency for Science and Engineering Infrastructure, Mr. Khalil Halilu, has stated that Nigeria cannot neglect its technological talent. According to The Punch, in a recent address to the agency’s management and workers. he claimed that Nigerian talents are among the greatest in the world and are making […]

Lagos plans CNG-powered buses by end of 2024
News

Lagos begins road construction, seeks cooperation

The Lagos State Government has asked locals to cooperate with them as the building of the Egan-Akesan Road in Alimosho Local Government Area commences. The project is important for a liveable and sustainable environment, especially for the residents of Egan-Akesan, according to a remark made by the permanent secretary of the Ministry of Physical Planning and Urban […]

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