Business

ICYMI: Amazon’s market value hits $3trn on AI

  • 4th August 2026

Electricity metering hits 59.69% as DisCos add 349,357

  • 4th August 2026

Prioritise infrastructure execution over bigger budgets – Okonjo-Iweala

  • 4th August 2026

FG to halt crude oil exports, bets on

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ICYMI: Amazon’s market value hits $3trn on AI boom

Business

FG opens public consultation on state police bill

Policy and Regulations

Airline operators reject planned union strike over ticket levy

Aviation

India’s HPCL buys two million barrels of Nigerian crude

Oil and Gas

Blog

Brazil lifts ban on Starlink, X accounts after fine payment
News Tech

X: Paid Twitter users can hide verification badges

Verified users on social media platform X, formerly known as Twitter, can now hide their verification checkmarks. “As a subscriber, you can choose to hide your checkmark on your account. The check mark will be hidden on your profile and posts. The checkmark may still appear in some places and some features could still reveal […]

UK job vacancies drop 15% year over year in January - Report
News

UK supports Nigeria’s food security with £60m

British Foreign Secretary, James Cleverly has announced a spate of support worth £60 million for agriculture, food systems, and humanitarian initiatives in Nigeria as part of his four-day trip to African countries. The British government has claimed that the program will aid more than 4 million people in improving their farming methods and fending off the consequences of climate change […]

Foxconn invests $600m in Indian iPhone component project
Tech

Foxconn invests $600m in Indian iPhone component project

Tech giant, Foxconn is set to inject a substantial $600 million into India’s tech landscape, as it embarks on two pivotal projects in the southern state of Karnataka. The Taiwanese company’s strategic move involves chip equipment manufacturing and casing components for iPhone models, signaling a significant investment in India’s burgeoning tech industry. Of the total […]

Dangote's daughter Mariya named Dangote Sugar Executive Director
Appointments

Dangote’s daughter Mariya named Dangote Sugar Executive Director

The board of directors of Dangote Sugar Refinery Plc. has appointed the daughter of Aliko Dangote, Mariya Aliko Dangote as Executive Director. This information was provided in a formal statement sent to Nigeria Exchange Limited and signed by the company secretary, Mrs. Temitope Hassan. According to the statement: “The Dangote Sugar Refinery Plc (the Company) Board of […]

Nigerian Breweries report N106bn loss
Business

Nigerians to pay more for beer – Nigerian Breweries

Nigerian Breweries has announced a price rise on all of their goods beginning on August 10, 2023, which is expected to have an impact on beer drinkers across the country. Nairametrics reported that this was revealed in a letter that stated that pricing needed to be reviewed in light of the ongoing increase in input costs […]

Tech

Obi hails 13-year-old Nigerian who emerged certified AWS developer

The 2023 presidential candidate of the Labour Party, Peter Obi, has congratulated 13-year-old Nigerian developer, Joshua Agboola, who emerged youngest Certified Amazon Web Services Developer Associate in Africa.   Obi stated that the giant strides made by Nigerian youths have shown that we are ready to be partakers of modern technology.   Making this known […]

Elon Musk's X fights Indian court's content-removal ruling
Tech

Elon Musk’s X fights Indian court’s content-removal ruling

Social media giant X, formerly known as Twitter, is taking a stand against a recent Karnataka High Court decision that deemed it non-compliant with content removal orders. X argues that the ruling could set a dangerous precedent, enabling the government to impose more extensive content blocks in the future. Last year, in July 2022, X […]

Binance records $90 billion Crypto trade in China amidst ban
Crypto

Binance records $90 billion Crypto trade in China amidst ban

The world’s largest cryptocurrency exchange, Binance, reportedly facilitated a staggering $90 billion worth of cryptocurrency trades in China. Meanwhile, crypto trading has been banned in China since 2021. The transactions, unveiled by the Wall Street Journal on Tuesday, were detailed in internal figures and confirmed by current and former Binance employees. Curiously, this bustling trading […]

FG to restart cash transfers to poor Nigerians
Policy and Regulations

Kuda, mortgage banks, others excluded from cash withdrawal limits

The Central Bank of Nigeria has excluded primary mortgage Banks and Microfinance Banks providing banking services to people experiencing poverty from its cash withdrawal limit.   In a circular released on Monday, July 31, to the banks and other financial institutions and signed by the Director of Payment System Management, Musa Jimoh, the bank said […]

Lafarge Africa shareholders to receive $30bn dividend
Business

Lafarge Africa reports 29% profit increase

Lafarge Africa’s 2023 second-quarter results have shown that pre-tax profits rose by 29.02% year over year to a total of N32.787 billion. According to The Times, in comparison to N46.879 billion during the same period last year, this increased the half-year pre-tax profits to N55.315 billion. Pre-tax profit increased primarily as a result of rising […]

FTX's Bankman-Fried denies witness tampering
Crypto

FTX’s Bankman-Fried denies witness tampering

The founder of the embattled FTX cryptocurrency exchange, Sam Bankman-Fried, has vehemently denied seeking to intimidate witnesses before his upcoming October fraud trial. Addressing US District Judge, Lewis Kaplan, Bankman-Fried dismissed accusations of attempting to sway the case by providing writings to a New York Times reporter regarding his former partner Caroline Ellison. Bankman-Fried’s lawyer, […]

China warns against geographic info data breaches
featured News Tech

Hackers crash bank operations in Italy

The Italian cyber security agency on Tuesday, reported that it had found evidence of hacking attacks on websites belonging to at least five banks. A spokesperson for the agency told Reuters that Intesa Sanpaolo, Monte dei Paschi di Siena, BPER Banca, FinecoBank, and Banca Popolare di Sondrio were among the targeted financial institutions. The agency […]

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