Business

African startups raise $102m in lowest month since

  • 3rd August 2026

Otedola targets 51% controlling stake in First HoldCo

  • 3rd August 2026

Nigeria can boost global creative edge via indigenous

  • 3rd August 2026

UK state investment agency faces security review after

  • 3rd August 2026

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Visa expands cybersecurity push with $2.4bn BioCatch acquisition

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NRS mandates tax ID for crypto account activation

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African startups raise $102m in lowest month since 2025

Business

Otedola targets 51% controlling stake in First HoldCo

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Economy

Trump approves temporary renewal of key US-Africa trade deal

The United States on Tuesday renewed the African Growth and Opportunity Act through the end of the year. This agreement allows many African countries to access the US market duty-free. US Trade Representative Jamieson Greer said in a statement that President Donald Trump had signed into law a reauthorization of the trade preference program through […]

Ports and Airports

FAAN to shut Lagos airport terminal 1 in March

The Federal Airports Authority of Nigeria has announced plans to shut down Terminal 1 of the Murtala Muhammed International Airport in Lagos starting from March 2026. This closure forms part of a major rehabilitation and expansion programme for the ageing facility. The temporary shutdown, set to begin in about one month from the announcement, aims […]

Bill Gates to visit Nigeria for talks on health, innovation
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I had to leave over Bill Gates’ Epstein ties — Ex-wife

Melinda French Gates has spoken out about the pain resurfaced by recent Jeffrey Epstein documents mentioning her ex-husband, Bill Gates. Forbes reported that in a clip from an upcoming NPR interview shared on Tuesday, Melinda French Gates said seeing her ex-husband’s name in the Epstein files brought back painful memories from her marriage, implying his […]

Economy

Nigeria’s reforms are irreversible, Tinubu tells World Bank

President Bola Tinubu has assured a World Bank delegation, led by Managing Director of Operations Anna Bjerde, that Nigeria’s bold economic reforms are irreversible. He framed the reforms as essential for harnessing the nation’s vast potential, driven by its youthful population and abundant arable lands. The meeting took place at the State House following a […]

FAAC funds to FG, states hit 7-year high in 2023
Electricity

FG proposes ₦3.6tn FAAC deduction for electricity subsidies 2026-2028

The Federal Government has proposed deducting a total of N3.6 trillion from the Federation Account to fund electricity subsidies over 2026, 2027, and 2028. This initiative aims to distribute the financial burden of electricity subsidies across the federal, state, and local government tiers. The proposal addresses the mounting electricity subsidy debt that has limited liquidity […]

Tech

Elon Musk’s X targeted in French cyber-crime probe

The Paris prosecutor’s cyber-crime unit has raided the French offices of Elon Musk’s X as part of an investigation into alleged offences, including unlawful data extraction and complicity in the possession of child pornography. The prosecutor’s office also confirmed that both Musk and former X CEO Linda Yaccarino have been summoned to appear at hearings […]

Nvidia to become world's most valuable company
Tech

Nvidia closing in on $20bn OpenAI investment

Nvidia is reportedly close to finalizing a deal to invest around $20 billion in OpenAI’s latest funding round. OpenAI, the company behind ChatGPT, is aiming to raise up to $100 billion in this round, which could value the company at approximately $830 billion, according to Reuters, citing a source. Companies such as Amazon and SoftBank […]

Business

Reforms, private sector vital for 7% GDP growth – Minister

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, stated that sustained economic reforms and increased private sector participation are key to Nigeria’s goal of achieving at least seven per cent GDP growth by 2027–2028. Speaking on Tuesday at the African Business Convention in Lagos, Edun emphasized that Nigeria remains on […]

Business

Nigeria must harness gas to drive Africa’s growth – Ojulari

The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Bayo Ojulari, stated that as an emerging global energy powerhouse, Nigeria has a responsibility to harness its vast gas resources to drive Africa’s development and support global stability. According to NNPC’s Chief Corporate Communications Officer, Andy Odeh, Ojulari made this remark while delivering […]

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Nigeria to become third-largest African economy in 2026 – IMF

The International Monetary Fund has projected Nigeria to become Africa’s third-largest economy in 2026. The IMF’s October 2025 World Economic Outlook shows Nigeria’s GDP at current prices at about $285 billion, behind South Africa ($426 billion), Egypt ($349 billion), and Algeria ($288 billion). South Africa led the continent with a GDP of roughly $426 billion, […]

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