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Google faces UK crackdown over AI search results

Google Search is set to face a set of targeted new rules from a UK regulator aimed at ensuring fairer outcomes for publishers and users, while also improving the service. The Competition and Markets Authority said Google will have nine months to implement the “conduct requirements” it has outlined, according to sky news. A key […]

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Abia doctors confirm release of kidnapped surgeon, suspend planned strike

The Nigerian Medical Association, Abia State branch, has confirmed the release of kidnapped orthopaedic surgeon, Dr Uche Bonaventure Aguocha, who was abducted on Sunday, May 26, 2026. The PUNCH reported that the announcement was contained in a statement jointly signed by the NMA State Chairman, Dr Ezenwa Ezuruike, and the Secretary, Dr Clement Ifenkoronye, dated […]

Business

Cowry Securities emerges top dealer in NGX rankings

Cowry Securities Limited has strengthened its position as one of the most active dealing member firms on the Nigerian Exchange, ranking among the top performers in both the equities and fixed-income segments of the market. The firm delivered a strong trading performance during the final week of May 2026, according to the weekly broker performance […]

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Naira strengthens against dollar in official, parallel FX markets

The naira recorded further gains against the United States dollar on Tuesday, appreciating in both the parallel market and the official foreign exchange market. In the parallel market, the local currency strengthened to N1,385 per dollar, improving from N1,395 per dollar recorded on Monday. The naira also appreciated in the Nigerian Foreign Exchange Market, according […]

Appointments

Jimoh Ibrahim elected UN budget committee chairman

Nigeria’s Permanent Representative to the United Nations, Jimoh Ibrahim, has been elected Chairman of Budget and Administration for the Fifth Committee of the United Nations General Assembly. His election comes at a critical period for the global organisation, which is grappling with a budget deficit exceeding $1.8 billion following significant reductions in foreign aid contributions. […]

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DisCos generate nearly ₦600bn revenue in Q1 despite power shortages

Electricity Distribution Companies in Nigeria generated approximately N600bn in revenue during the first quarter of 2026, according to the latest industry data released by the Nigerian Electricity Regulatory Commission. The figures showed that the power distribution companies collected a total of N597.55bn between January and March 2026, despite ongoing challenges facing the country’s electricity sector. […]

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Private sector rejects pressure to match proposed ₦100,000 minimum wage

Members of the organised private sector have warned against expecting private sector employers to automatically adopt a N100,000 minimum wage, despite moves by some state governments to raise workers’ salaries to that level. The business groups argued that while some large corporations and thriving sectors of the economy may have the capacity to pay wages […]

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Anambra signs four electricity laws to boost supply

The Anambra State Electricity Regulatory Commission has announced that four new regulatory bills have been signed into law as part of efforts to improve electricity supply across the state. The commission explained that the newly enacted laws are designed to dismantle the monopoly of FirstPower Electricity Distribution Company Limited, a subsidiary of the Enugu Electricity […]

Tech

AI, cybersecurity take centre stage at digital signage summit

The Digital Signage Summit 2026 spotlighted the technologies and market forces reshaping the global digital signage and digital out-of-home industry, with discussions centred on artificial intelligence, cybersecurity, orchestration and ongoing industry consolidation. Marking its 20th anniversary, the summit brought together executives, technology leaders, strategists and innovators from Europe, North America, the Middle East, Africa and […]

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Alphabet plans $80bn equity raise to expand AI infrastructure push

Google’s parent company, Alphabet, has announced plans to raise up to $80bn (£59bn) in equity to finance major investments in artificial intelligence infrastructure, intensifying debate over the financial sustainability of the AI boom. The fundraising effort—described by analysts as the largest equity raise on record, includes a $10bn share sale to US investment firm Berkshire […]

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OpenAI faces lawsuit over ChatGPT safety allegations

OpenAI and its CEO Sam Altman have been sued by a United States attorney general in what appears to be the first state-level case alleging that ChatGPT may be linked to violent incidents. Florida’s Attorney General lawsuit claims the company failed to adequately address safety concerns, instead prioritising competition in the “AI arms race” and […]

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Inflation in euro zone hits 3.2%

Inflation in the euro zone accelerated to an estimated 3.2 per cent in May, driven largely by a surge in energy prices, according to flash data released on Tuesday. The figure matched economists’ expectations in a Reuters poll and is likely to reinforce market expectations that the European Central Bank will raise interest rates at […]

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