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Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025
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

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The Economic and Financial Crimes Commission has removed Elie Bitar, a foreign national, from its wanted list following new developments in the ongoing investigation into the Crypto Bridge Exchange fraud case.

CBEX: EFCC removes foreign national Elie Bitar from wanted

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Boeing strikes record $96b deal with Qatar Airways

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NIMC cuts extortion, corruption by 40% – DG

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Airtel Africa begins $100m share buy-back

Airtel Africa begins second round of $100m share buy-back

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OpenAI introduces o3 AI models with enhanced safety features
Tech

OpenAI in talks to acquire Windsurf for $3b

OpenAI is reportedly in advanced discussions to acquire Windsurf, an AI-powered coding assistant formerly known as Codeium, for approximately $3 billion. Bloomberg was the first to report the potential deal, citing a source familiar with the discussion. OpenAI is accelerating its efforts to maintain a lead in the competitive generative AI space, where rivals like […]

Trump considers sanctions against China’s DeepSeek
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Trump considers sanctions against China’s DeepSeek

The Trump administration is weighing new penalties that could prevent Chinese tech company DeepSeek from acquiring American technology and may bar United States citizens from using its services, according to a report by The New York Times on Wednesday. In a broader move to curb China’s access to advanced artificial intelligence tools, the administration also […]

TikTok unveils feature to allow users add for video context
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TikTok unveils feature to allow users add for video context

TikTok began testing a new feature called “Footnotes” in the United States on Wednesday, offering users the ability to add contextual information to videos—a move similar to the “Community Notes” feature already implemented by X (formerly Twitter) and Meta. The feature, designed to provide additional context and relevant details about content shared on the platform, […]

Tech

Temu cuts back US Ads, falls in app store rankings

Chinese online retailer Temu, known for its “Shop like a billionaire” campaign during last year’s Super Bowl, has significantly reduced its online ad spending in the U.S. and seen its ranking in Apple’s App Store drop. This follows President Trump’s sweeping tariffs on trade partners, which have likely increased operational costs and created uncertainty for […]

Spotify pays $10bn to music industry in 2024
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Spotify experiences global outage

Music streaming giant Spotify faced a major service disruption on Wednesday, affecting users across several countries, according to outage tracking website Downdetector.com. As of 9:32 a.m. ET, more than 47,000 users had reported issues with the platform. The outage reportedly began around 6:15 p.m. IST (8:45 a.m. ET), with users flagging problems ranging from the […]

News

Honda moves manufacturing plant from Japan to US

Honda Motor Co. announced on Wednesday, that it will relocate production of its U.S.-bound five-door Civic hybrid from its Yorii plant in Japan to its facility in Indiana. Production at the Yorii factory, located near Tokyo, is expected to cease by June or July 2025. A Honda spokesman stated that production of the hybrid Civic […]

PwC raises concerns on effects of FG's tax on bank profits
News

PwC exits operations in nine Sub-Saharan African countries

PricewaterhouseCoopers has confirmed its withdrawal from nine Sub-Saharan African countries as part of a broader strategic review aimed at mitigating risk and enhancing profitability. In a statement on its website, the firm confirmed it has exited Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo, the Republic of Congo, Guinea, and Equatorial Guinea. […]

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

Nvidia to incur $5.5b charge as US halts China chip sales

Nvidia announced on Tuesday that it will incur $5.5 billion in charges following new U.S. government restrictions on exporting its H20 AI chip to China, a crucial market for the high-demand product. Nvidia’s AI chips have been a central target of U.S. export controls, as officials aim to prevent China from accessing cutting-edge technology and […]

Google settles $100m lawsuit over ad pricing disputes
Tech

Japan’s antitrust body orders Google to cease unfair trade practices

The Japan Fair Trade Commission issued a cease and desist order against Google on Tuesday, accusing the company of unfair trade practices related to its search services on Android devices. This action follows similar crackdowns in the UK and the U.S., reflecting growing global concerns over the company’s market dominance. The Commission stated that Google […]

FG to intervene in building, manufacturing sector – Shettima
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FG launches labour empowerment program, eyes 2.5 million jobs

The Federal Government launched the Labour Employment and Empowerment Programme on Tuesday, with a goal of creating 2.5 million jobs within two years. The program was officially introduced by Vice President Kashim Shettima at the Presidential Villa in Abuja, where he provided further details on its objectives and impact. This was disclosed in a statement […]

News

CBN permits Ascensia Finance to operate in Nigeria

The Central Bank of Nigeria has granted Ascensia Finance Company Limited final approval to operate as a finance company in Nigeria. This decision, communicated in an official letter dated April 10, 2025, followed a thorough review of the firm’s application and supporting documents. The letter, signed by Dr. Abubakar Shebe on behalf of the Director […]

Only 29% of Nigerians have access to mobile internet - Report
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Android phones to auto-reboot after three days

Google has quietly introduced a new security measure in its Android operating system that will automatically reboot devices if they remain locked for three consecutive days. The change, rolled out Monday via an update to Google Play services, appears under the “Security & Privacy” settings. The new feature is described as one that “will automatically […]

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