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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
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

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Africa can lead AI-driven deep tech, says El Habti

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

UAE commits to $25bn Nigeria-Morocco gas pipeline project

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FG hails progress in Naira-for-Crude policy, vows continued support

FG hails progress in Naira-for-Crude policy, vows continued support

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Financial institutions lost $12bn to cyberattacks in 20 years–IMF
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IMF: FG may need supplementary budget for minimum wage

The International Monetary Fund has said that the Federal Government may need to raise a supplementary budget to take account of the proposed minimum wage increase for workers. The negotiated amount may exceed the original 2024 budget’s appropriations, as a result, according to The Punch. This is contained in the recommendations made by the Fund […]

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PoS operators to challenge CAC in court over mandatory registration

Point of sale operators in Nigeria, under the auspices of the National Association of Mobile Money and Banking Operators, said they had decided to challenge the legality of mandatory registration of its members by the Corporate Affairs Commission for its members in court. The President of the association, Fasasi Sarafadeen, decried a Directive that mandated […]

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NUPRC starts bidding round for 12 oil blocks

The Nigerian Upstream Petroleum Regulatory Commission has opened the bidding process for 12 oil blocks which are currently placed up for sale. It also indicated the start of a Petroleum Licensing Round for Nigeria in 2024, as well as the resumption of 2022/2023’s bidding round, according to The Punch. This was disclosed in a statement […]

Meta tests in-house AI chip to reduce reliance on Nvidia
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Meta explores AI-assisted earbuds with cameras

Meta, the parent company of Facebook, is currently exploring the development of innovative earphones integrated with artificial intelligence capabilities and cameras. This revelation surfaced in a report by The Information on Monday, shedding light on Meta’s ambitious venture into the realm of wearable technology. The projcet, dubbed “Camerabuds,” represents Meta’s concerted effort to capitalize on […]

Apple to launch Vision Pro outside US
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Apple to launch Vision Pro outside US

Apple is preparing to expand the availability of its Vision Pro mixed-reality headset beyond the borders of the United States. The tech giant has reportedly flown in hundreds of employees from its international stores to Cupertino, California, where they are undergoing training on how to showcase the $3,499 headset to potential customers, Bloomberg News reported. […]

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EU subject hotel platform Booking.com to strict regulations

The European Commission on Monday, announced that it has classified hotel reservation website Booking.com as a “gatekeeper,” subjecting it to strict European Union regulations. Additionally, an investigation has been launched to determine the regulatory status of social media network X. Online advertising services X Ads and TikTok Ads were not considered gatekeepers under the EU […]

OpenAI raises $6.6bn, valuation soars to $157bn
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OpenAI to unveil new updates today

OpenAI, the creator of ChatGPT, is set to unveil updates to its flagship chatbot, powered by its most advanced AI model, GPT-4. CEO Sam Altman described GPT-4 as “feeling like magic” during an announcement on X last Friday. The company announced on X that it will host a livestream conference on Monday to showcase some […]

NNPCL reports N2.69trn in tax expenses for 2023
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NNPCL commence oil exploration at Akwa Ibom mining site

Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the start of oil production at Oil Mining Lease 13 in Akwa Ibom State. This was disclosed in a statement signed by the Chief Corporate Communications Officer, Olufemi Soneye on Sunday. In the statement, The NNPCL flagship upstream subsidiary had […]

Nigeria's external reserves reach 22-month high amid weak Naira
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FG raised N4.2bn from Nigerian bonds in April 2024

The latest issuance of Federal Government of Nigeria Savings Bonds has received a warm reception from investors, with total allotments for the April 2024 edition soaring to approximately N4.2 billion. According to the Debt Management Office, the turnout was robust, with hundreds of investors participating, signaling a high level of confidence in the stability and […]

Standard Bank projects $5.1bn capital inflows into Nigeria in Q2
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Standard Bank projects $5.1bn capital inflows into Nigeria in Q2

Standard Bank in its report projects that the second quarter of 2024 is expected to see a significant $5.1 billion in funding inflows into the Nigerian economy. According to the report, Standard Bank forecast foreign inflows worth $5.05 billion into the country from a Eurobond sale and the Nigerian National Petroleum Corporation crude payment facility […]

US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment
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US Banks JP Morgan, Wells Fargo unveils first Bitcoin investment

Two major banks in the United States, JP Morgan, and Wells Fargo, have made headlines by announcing their investment in Spot Bitcoin Exchange Traded Funds, marking a significant shift towards cryptocurrency adoption within traditional financial institutions. This move comes at a time when the price of Bitcoin continues to fluctuate around $60,000. According to reports […]

Middle East to launch Schengen-like visa scheme, woos Taylor Swift
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Middle East to launch Schengen-like visa scheme, woos Taylor Swift

Middle East to launch Schengen-like visa scheme to woo Taylor Swift’s tour to the region, Saudi Arabia’s head of tourism, Fahd Hamidaddin said citing the tour’s history of stimulating economies. Speaking at the Arabian Travel Market, Hamidaddin emphasized the need for regional collaboration to attract major events like Swift’s tour. He proposed the concept of […]

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