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featured

US drops restrictions on Anthropic’s Mythos, Fable models

The United States has lifted a licensing requirement that required Anthropic to obtain government approval before exporting its Mythos and Fable AI models overseas, a restriction that had effectively blocked public access to what are widely regarded as the most advanced AI models released so far. Anthropic said it will begin restoring access to the […]

Tech

Visa detects nearly $1bn in scam payments amid rising AI fraud

Visa detected nearly $1 billion in scam-related payment activity over a six-month period, highlighting how fraudsters are increasingly using artificial intelligence and sophisticated social engineering tactics to deceive consumers as payment network security continues to strengthen. The finding, contained in Visa’s mid-year 2026 Biannual Threats Report released on Monday, covers the period from July to […]

Telecommunications

NCC plans free data access to Coursera, Google Classroom sites

The Nigerian Communications Commission is working on a new framework that will give Nigerians zero-rated access to educational websites, including platforms such as Coursera, Google Classroom, among others. Zero-rated access means Nigerians will be able to use the selected educational sites without data. Nairametrics reported that according to the consultation paper on the framework, the […]

Aviation

African airlines post 8.9% demand growth in May

African airlines recorded an 8.9 per cent year-on-year increase in international passenger demand in May 2026, with the region’s average passenger load factor improving to 73.4 per cent. The figures were contained in the International Air Transport Association’s latest report on global passenger demand for May 2026, which highlighted Africa as one of the strongest-performing […]

Business

Nigeria seeks compensation for citizens with abandoned businesses in S’Africa

The Nigerian government plans to engage the South African government to seek compensation for Nigerians who were forced to abandon businesses and properties amid ongoing anti-immigrant protests in the country. The Acting Nigerian High Commissioner to South Africa, Alexander Ajayi disclosed this on Tuesday during an appearance on Channels Television’s The Morning Brief. He said […]

Policy and Regulations

UK regulator proposes rules to cut Apple, Google app fees

Britain’s competition regulator has proposed new rules that would allow app developers to direct users to alternative payment methods outside the app stores operated by Apple and Google, a move aimed at reducing commissions, boosting competition and lowering costs for consumers. The proposal, announced on Tuesday by the UK’s Competition and Markets Authority, forms part […]

Economy

How Tinubu’s reforms saved Nigeria from economic collapse — Oyedele

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says President Bola Tinubu’s reforms prevented Nigeria’s economy from collapsing. Oyedele said this on Tuesday in Abuja during a plenary at the 2026 Nigeria Employers’ Summit organised by the Nigeria Employers’ Consultative Association (NECA). Oyedele, who spoke on the theme “The Reforms […]

Aviation

Expert faults Nigerian airlines ownership model, urges state-owned carrier

Global Chairman of Fairfax Africa Fund, a United States-based company, Mr Zemedeneh Negatu, Tuesday, faulted the ownership structure of Nigerian airlines, saying the industry’s dependence on sole proprietorship is unsustainable and inconsistent with the business models of successful aviation markets around the world. Negatu warned that Federal Government subsidies would not resolve the challenges facing […]

Electricity

Nigeria’s electricity consumers rose to 12.16 million In Q4 2025

The number of electricity consumers in Nigeria increased to 12.16 million in the fourth quarter of 2025, according to the latest Electricity Report released by the National Bureau of Statistics. The report, published on Tuesday, showed that electricity customers rose by 130,000, from 12.03 million recorded in the third quarter of 2025, representing a 1.11 […]

Opinion

First Lady defends akara, kuli-kuli business remarks

First lady, Senator Oluremi Tinubu, has defended her recent remarks about small-scale businesses, clarifying that the federal government’s economic empowerment programme is designed to support a wide range of petty traders and not only akara sellers. She made the clarification on Monday during the inauguration of the newly completed Abubakar Maje Haruna Hall at the […]

Banking

ICYMI: Providus, Unity banks begin operations after merger

Providus Bank and Unity Bank are set to commence operations as a single unified institution following the successful completion of their business combination and the conclusion of all required regulatory, shareholder, and judicial processes. A statement from the bank on Sunday stated that the newly formed entity, ProvidusUnity Bank, represents a consolidated banking institution positioned […]

Finance

Naira trades at ₦1379.80/$ at official FX market

The naira began trading at an official exchange rate of ₦1,379.80 per United States dollar at the Nigerian Foreign Exchange Market on Tuesday, June 30, 2026, according to the latest available market data. The latest figure indicates that the naira remained within the ₦1,370 to ₦1,380 range seen in recent sessions as market participants continued […]

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