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Wema Bank posts N72.56bn pre-tax profit, up 76% in Q1

Wema Bank Plc has published its unaudited results for the first quarter ended March 31, 2026, showing a pre-tax profit of N72.56 billion, up 76 per cent from N41 billion in the same period of 2025. Profit after tax also rose by 76.08 per cent year-on-year to N63.13 billion, compared to N35.8 billion in Q1 […]

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Lagos prioritises rail, ferry, BRT over road expansion in mobility plan

Lagos State is planning a major shift in its long-term transport strategy, moving away from road expansion toward a multimodal system built around rail, Bus Rapid Transit, and ferry services under its updated 2050 mobility master plan. This was disclosed in a statement by the Lagos Metropolitan Area Transport Authority after a high-level stakeholders’ workshop […]

Australia fines Google $36m over anticompetitive search engine deals
Tech

Google adds 25m subscriptions in Q1 on YouTube, Google One growth

Google’s parent company, Alphabet, said Wednesday that it added 25 million new paid subscriptions in the first quarter. The total number of paid subscriptions across its services has now reached 350 million, up from 325 million in the fourth quarter of 2025, driven largely by growth in YouTube and Google One, its cloud storage subscription […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft reports strong growth in Copilot adoption despite skepticism

Microsoft said Wednesday that adoption and engagement of its AI tool, embedded in Microsoft 365 apps like Word, Excel, and Outlook, continue to grow, despite the common perception that few people actually use Copilot. Microsoft CEO Satya Nadella announced during the company’s quarterly earnings call that Microsoft 365 Copilot now has 20 million paid enterprise […]

Business

Nigeria, Malaysia recorded $1.21bn trade in five years – Customs

Nigeria and Malaysia recorded about $1.21bn in bilateral trade over five years, according to the Nigeria Customs Service. Figures released by the agency show imports from Malaysia rose from approximately $106.6m in 2020 to around $477.3m in 2024, highlighting sustained growth in commercial exchanges. Total trade between the two countries during the five-year period amounted […]

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Brent crude hits four-year high amid Middle East tension

Brent crude surged to a four-year high on Thursday after reports that the United States military was preparing to brief President Donald Trump on possible military options against Iran, heightening fears of renewed conflict and further tightening pressure on Iranian oil exports. The U.S. Central Command is expected to present Trump with potential plans for […]

CAC to delete inactive companies in 90 days
Business

CAC dismisses claims linking cyberattack to DAAR Communications data alteration

The Corporate Affairs Commission has dismissed allegations that it altered the records of DAAR Communications PLC following a recent cyberattack on its system. In a public notice posted on its X account on April 29, 2026, the Commission clarified that its database was not manipulated. The clarification follows reports claiming the cyber incident may have […]

Business

Tinubu names Odumegwu-Ojukwu as foreign affairs minister

President Bola Ahmed Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs. The appointment was announced on Wednesday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy. It follows the resignation of the former Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who reportedly stepped down […]

Business

Access Holdings announces retirement of deputy MD Chizoma Okoli

Access Holdings Plc has announced the retirement of Mrs. Chizoma Okoli, Deputy Managing Director at Access Bank. The announcement was made in a statement issued on April 28, 2026, and signed by Company Secretary, Sunday Ekwochi. Mrs Chizoma Okoli’s retirement takes effect from April 30, 2026, following the expiration of her term. The company is […]

Tech

Apple to add Siri AI mode to iPhone camera in iOS 27

Apple is reportedly preparing to embed artificial intelligence more deeply into the iPhone camera app by introducing a new Siri-powered mode in its upcoming iOS 27. Apple will relocate its Visual Intelligence feature, currently tied to the Camera Control button, directly into the camera app, Bloomberg reported on Wednesday. It will appear as one of […]

Tech

Universal Music to sell half its Spotify stake

Universal Music Group NV on Wednesday announced plans to divest half of its stake in Spotify Technology SA, while expanding its ongoing share repurchase programme to €1 billion. The company said it will initiate an additional €500 million buyback after concluding the €500 million programme unveiled in March. The move follows concerns over the company’s […]

Business

Tinubu replaces NMDPRA CEO, names Rabiu Umar successor

President Bola Ahmed Tinubu has approved the removal of Saidu Mohammed as Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and has nominated Rabiu Abdullahi Umar as his successor. This was disclosed on Wednesday, April 29, in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. […]