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UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
Disney, Warner Bros to launch joint streaming bundle

Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025

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Trump signs executive order establishing US Bitcoin reserve

Harvard hit with another $450m funding cut by Trump

News
Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

Nvidia to sell 18,000 AI chips to Saudi Arabia

Tech
EU to hold Temu, Amazon liable for dangerous goods

Relief for Shein, Temu as US relaxes tariffs

E-commerce

CBN schedules 300th MPC meeting for May 19-20

Economy

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News

No immediate ban on solar panel imports – FG

The Nigerian Federal Government has postponed its proposed ban on photovoltaic solar panel imports, opting for a gradual approach to bolster domestic manufacturing, according to the Managing Director and CEO of the Rural Electrification Agency, Abba Aliyu. In an interview, Aliyu clarified that no immediate import restrictions are under consideration, according The Punch. While Nigeria […]

Business

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC

Alex Omenye Nigeria’s non-oil exports have risen to $1.791 billion in the first quarter of 2025, marking a 24.75 per cent increase from the $1.436 billion recorded in the same period last year, according to the Nigerian Export Promotion Council. The Executive Director of NEPC, Nonye Ayeni, disclosed this on Monday during a press briefing […]

Mastercard cuts ties with Binance
Crypto

Mastercard adopts digital assets with new stablecoin payment option

Mastercard has officially integrated stablecoin settlement support, allowing users and merchants to conduct transactions using stablecoins like USDC. This move marks a significant step in mainstream adoption of digital assets, enabling select Mastercard merchants to accept stablecoins as payment. Mastercard is partnering with firms, including payments processor Nuvei and stablecoin issuers Circle and Paxos, to […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

IBEDC must refund customers for purchasing transformers – FCCPC

The Federal Competition and Consumer Protection Commission has directed the Ibadan Electricity Distribution Company to refund consumers for expenses incurred in purchasing transformers, poles, cables, and other electrical infrastructure. The order was announced by FCCPC Chief Executive Officer and Executive Vice-Chairman, Tunji Bello, during the FCCPC Electricity Consumer Forum held in Ota, Ogun State. Represented […]

President Tinubu to reduce inflation to 15% by 2025
News

FG to clear N35,000 wage award arrears for civil servants

The Federal Government of Nigeria has unveiled plans to settle outstanding N35,000 wage award arrears owed to federal civil servants, addressing long-standing financial commitments to public sector workers. In a statement released Monday by the Office of the Accountant-General of the Federation, the Director of Press and Public Relations, Bawa Mokwa, confirmed that the payments […]

featured

‘Long night ahead’ as Europe faces worst blackout in 10 years

Spanish Prime Minister Pedro Sánchez has warned of a “long night ahead” as Europe grapples with its worst blackout in over a decade, plunging businesses, public transit, and critical infrastructure into chaos. The outage, now nearing its 12th hour, remains unexplained, with no clear timeline for when power will be fully restored. Red Electrica, reported […]

Alibaba partners with Apple on AI for iPhones in China
Tech

Alibaba unveils Qwen3 AI model series amid China’s AI boom

Alibaba Group Holding has unveiled the Qwen3 series, the latest version of its flagship AI model, keeping pace with the rapid development in China’s AI sector following the rise of DeepSeek. Announced on April 29, Qwen3 reportedly matches or surpasses DeepSeek’s performance in key areas such as mathematics and coding. Alibaba also ssid that the […]

IBM to invest $150bn in US amid push for domestic manufacturing
News

IBM to invest $150bn in US amid push for domestic manufacturing

IBM announced on Monday that it will invest $150 billion in the United States over the next five years, with part of the funding earmarked for expanding facilities dedicated to quantum computer production. The move aligns with a broader trend of American technology companies backing the Trump administration’s push for increased domestic manufacturing. The announcement […]

Court strikes out N1bn suit against Buhari, Emefiele over Naira redesign
News

Court strikes out N1bn suit against Buhari, Emefiele over Naira redesign

The Federal High Court in Abuja has struck out a N1 billion lawsuit filed against former President Muhammadu Buhari and ex-Central Bank of Nigeria Governor Godwin Emefiele over the controversial 2023 naira redesign policy. Justice Inyang Ekwo dismissed the suit on Monday, citing the plaintiff’s failure to properly pursue the case. The suit, filed by […]

featured

CBN orders banks to adopt PAPSS for cross-border transactions

The Central Bank of Nigeria has issued a directive requiring all banks in the country to integrate the Pan-African Payment and Settlement System and begin processing transactions under the new framework. The move is aimed at enhancing intra-African trade and streamlining cross-border payment efficiency. In a statement released on Monday, the CBN’s Acting Director of […]

DeepSeek returns to South Korean markets after privacy review
News

DeepSeek returns to South Korean markets after privacy review

Chinese artificial intelligence service, DeepSeek became available again on South Korean app stores on Monday, nearly two months after downloads were suspended over concerns about data privacy violations. The South Korean Personal Information Protection Commission said last week that when DeepSeek first launched in the country in January, it had transferred user data and prompts […]

OpenAI updates ChatGPT search tool to enhance online shopping
News

OpenAI updates ChatGPT search tool to enhance online shopping

OpenAI announced on Monday a major update to ChatGPT’s web search feature, aimed at improving the online shopping experience for users around the world. The updated tool will now allow users to receive product recommendations, view images and customer reviews, and access direct links to purchase items. OpenAI said the system supports natural language queries, […]

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