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

Business

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Pinterest launches AI tools for advertisers to boost engagement
Tech

Pinterest CEO fires employees over internal payoff-tracking tool

Pinterest CEO Bill Ready reprimanded employees who developed an internal tool to monitor company layoffs and terminated those responsible. “Healthy debate and dissent are expected, that’s how we make our decisions,” Ready said at a companywide meeting last week, according to audio obtained by CNBC. “But there’s a clear line between constructive debate and behavior […]

Business

UBA appoints Loknath Mishra as CEO of UK subsidiary

The United Bank for Africa has appointed Loknath Mishra as Chief Executive Officer of its United Kingdom subsidiary. Effective 2 February 2026, the appointment—announced in a statement on Tuesday—underscores the bank’s commitment to expanding its international presence and reinforcing its position as a vital financial link between Africa and global markets. UBA UK is reported […]

News

NRC accuses Oyo LG of destroying railway assets in Ibadan

The Nigerian Railway Corporation has accused a local government in Oyo State of supervising the destruction of railway infrastructure worth millions of naira in Ibadan, warning that it will take security, administrative and legal actions to safeguard its assets nationwide. In a statement issued Tuesday by its Chief Public Relations Officer, Callistus Unyimadu, the NRC […]

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Nigeria secures $18.2bn oil investments with 28 new field plans

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, says Nigeria recorded a major investment milestone in 2025 with the approval of 28 new field development plans worth $18.2bn, projected to deliver about 1.4 billion barrels of oil. Speaking on Tuesday in Abuja at the opening of the 9th Nigeria International Energy Summit 2026, […]

Business

Lagos halts demolition in Makoko amid public outcry

The Lagos State House of Assembly has ordered an immediate suspension of demolition activities in the Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and rising public concern. The directive was announced on Tuesday by the chairman of an ad hoc committee constituted by Speaker Mudashiru Obasa, Noheem Adams, during a stakeholders’ […]

SEC to strengthen borrowing regulatory framework in Nigeria
Business

Government securities now account for 11% of Nigerian banks’ assets — Report

Government securities make up roughly 11 per cent of Nigerian banks’ total assets, highlighting years of limited credit growth and a shift toward lower-risk sovereign investments, according to S&P Global’s latest banking sector outlook. The ratings agency noted that the growing exposure has heightened banks’ vulnerability to sovereign-related shocks, though this risk is expected to […]

Tech

Switch becomes Nintendo’s best-selling console ever

Switch has become Nintendo’s best-selling console ever, nearly nine years after its launch. The console has been pivotal to the Japanese gaming giant’s turnaround. Before its March 2017 release, Nintendo was reeling from the commercial failure of the Wii U, which had dragged down its share price. Since then, Nintendo’s market value has more than […]

FG to provide free ICT training for youths - Youth minister
Business

FG launches free nationwide programme to boost financial literacy 

The Federal Government has launched a nationwide free training programme designed to equip 10 million Nigerians with skills in financial literacy and inclusion. According to a statement by the Senior Special Assistant to the President on Media and Communications, Stanley Nkwocha, the initiative will give priority to women and youth. It will focus on key […]

Oil and Gas

Over 180TCF of African Gas remains untapped – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that more than 180 trillion cubic feet of discovered natural gas across Africa remains untapped, primarily due to fragmented markets and inconsistent fiscal and regulatory frameworks. This was disclosed in a statement by the CEO of the NUPRC, Oritsemeyiwa Eyesan, during her keynote address at the Nigerian […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

Musk’s SpaceX acquires AI startup xAI in landmark deal

Elon Musk announced on Monday that SpaceX has acquired his AI startup, xAI, in a landmark deal that merges his ventures in artificial intelligence and space exploration. The acquisition brings together SpaceX, known for rockets and satellites, with xAI, the creator of the Grok chatbot. The deal is one of the most ambitious in the […]

Business

Sachet alcohol ban could threaten N400bn investments, MAN, NECA warn

The Manufacturers Association of Nigeria and the Nigeria Employers’ Consultative Association have warned that enforcing a ban on alcoholic beverages sold in sachets and small PET bottles could jeopardize investments exceeding N400 billion across the alcoholic drinks value chain. In a joint statement published on Monday, NECA’s Director-General, Adewale Oyerinde, and MAN’s Director-General, Segun Ajayi-Kadir, […]

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