Business

Customs recruits 3,852, from 573,680 recruitment applications

  • 5th August 2026

CBN links stronger reserves, easing inflation to ongoing

  • 5th August 2026

African Alliance files recapitalisation plan with NAICOM

  • 5th August 2026

US, Iran near deal to reopen Strait of

  • 4th August 2026

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AI-generated stories better quality than human-written ones – Report

Tech

FG to clear outstanding wage awards before mid-August

featured

TCN confirms vandalisation of six transmission towers, suspect arrested

Electricity

Anthropic created fake identities to push malicious code –

Finance

Blog

Israeli startup Vesttoo names Ami Barlev as interim CEO
Startups

Israeli startup Vesttoo names Ami Barlev as interim CEO

Israeli fintech company, Vesttoo, has announced the appointment of Ami Barlev as interim CEO, stepping in for Yaniv Bertele, who led the firm during a false collateral scandal. Barlev brings a wealth of experience from senior roles in various Israeli and Nasdaq-listed companies, startups, and tech-focused fields such as AI, communications, aviation, and real estate. […]

United Capital endorses CBN's stakeholder partnership
Economy

Inflation: Nigeria doing better than other African countries – CBN

According to the Central Bank of Nigeria, the country’s inflation rate is lower than that of the majority of African countries. This was said on Tuesday at the 2023 Zenith Bank International Trade Seminar by the acting governor of the Central Bank of Nigeria, Folashodun Shonubi.  The CBN’s Deputy Governor for Economic Policy, Kingsley Obiorah, spoke […]

FG urges govs to justify use of subsidy removal savings
Economy

Tinubu’s tax committee chair demands diesel VAT suspension

The chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, has stated that the value-added tax on automotive petrol oil, popularly known as diesel, should be suspended. According to Channels Television, Oyedele stated that President Bola Tinubu’s directive to suspend the VAT will mitigate the negative economic effects of the elimination of gasoline subsidies. “What […]

Iran unveils supersonic cruise missile tech
Tech

Iran unveils supersonic cruise missile tech

Iran has announced its technological breakthrough in the development of a supersonic cruise missile, a declaration that is likely to raise concerns about Tehran’s growing missile capabilities, as reported by Iranian state media. This revelation comes in the wake of recent reports detailing the deployment of more than 3,000 U.S. sailors and Marines on two […]

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

World Bank withdraws support from Uganda over LGBTQ law

Alex Omenye The World Bank has disclosed that it will no longer aid Uganda with loans over the signing of a law that proscribes same-sex sexual relationships. The Ugandan government in May passed the anti-LGBTQ law which criminalizes being gay in Uganda. The law prescribes life imprisonment and a death sentence as penalties for anyone […]

featured Policy and Regulations

Tinubu’s tax committee to stop Customs, MDAs from revenue collection

The Presidential Committee on Tax Policy and Fiscal Reforms is mulling efforts to stop the Nigeria Customs Service and 62 other Ministries, Departments, and Agencies of the Federal Government from collecting direct revenues.   The News Agency of Nigeria reported that the presidential tax committee said the Federal Inland Revenue Service will now collect revenue […]

DStv exits Malawi after court stops price increase
News Tech

DStv exits Malawi after court stops price increase

Pan-African broadcaster, Multichoice, is exiting DStv, its satellite television service provider, from Malawi. This comes after Malawian regulators rejected the most recent pricing increases proposed by DStv. The Malawi Communications Regulatory Authority received an interim injunction from the nation’s High Court at the end of July. Multichoice Malawi was forbidden by the injunction from altering […]

Appointments

FULL LIST: 38 members of Tinubu’s tax reforms committee

President Bola Tinubu on Tuesday unveiled a fiscal policy and tax reforms committee comprising experts from both the private and public sectors.   The committee is chaired by Taiwo Oyedele, a tax and policy expert. It also has an undergraduate of Economics at the University of Ibadan, Orire Agbaje, as its member.   Agbaje is […]

Business

Nigerian cinemas’ revenue dropped in July — Report

The Cinema Exhibitors Association of Nigeria has said it generated N482 million as revenue across all cinemas in Nigeria in July.   The CEAN National Chairman, Opeyemi Ajayi, disclosed this in an interview in Lagos.   Ajayi said total viewer admission in cinemas across the federation in July was 218,395, noting that the cinemas experienced […]

Kenya logistics startup Sendy shuts down, sells assets
featured News Tech

Kenya logistics startup Sendy shuts down, sells assets

Sendy, a Kenyan logistics start-up that, among other things, allowed merchants to buy FMCGs directly from producers, is closing down operations and considering selling its assets. Sendy co-founder Meshack Alloys acknowledged the sale to TechCrunch without providing any other information, stating: “We are in the middle of an acquisition process. So yes, Sendy is being […]

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

Canadian news platforms demand Facebook probe over news blockage

Canadian news groups on Tuesday urged the Canadian antitrust watchdog to look into Meta Platforms’ move to stop allowing journalism on its platforms. “Through its decision to block news content from its digital platforms, Meta seeks to impair Canadian news organizations’ ability to compete effectively in the news publishing and online advertising markets,” news industry […]

Google, Universal Music in talks over AI deepfakes
News Tech

Google, Universal Music in talks over AI deepfakes

Alphabet’s Google and Universal Music are in discussions to licence musicians’ voices and melodies for songs created by artificial intelligence, The Financial Times reported. The music industry is battling “deepfake” songs that mimic artists’ voices and are frequently created without their permission. The purpose of the discussions, according to the report, is to establish a […]

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