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Bank of America to settle Epstein sex trafficking suit for $72.5m

Bank of America has agreed to pay $72.5 million to settle a class action lawsuit alleging that the bank facilitated a sex trafficking ring orchestrated by Jeffrey Epstein, court documents showed Friday. Bank of America said separately that while it continued to deny supporting Epstein’s crimes, “this resolution allows us to put this matter behind […]

featured Life Style

Nigeria missing as Namibia tops Africa’s 2026 quality of life ranking

In the 2026 Numbeo Quality of Life Index, Namibia has emerged as the top-ranked African country for overall livability, while Nigeria is notably absent from the list of the continent’s best performers. As Africa continues to evolve, quality of life assessments now go far beyond income, incorporating critical factors such as safety, healthcare, climate comfort, […]

Do these seven things if your phone is hacked
Business Tech

No iPhone hacked with Lockdown feature turned on – Apple

Almost four years after rolling out its advanced security feature, Lockdown Mode, Apple says it has not documented any instance of a device being successfully compromised while the setting was enabled. The company introduced Lockdown Mode as an optional, high-security safeguard aimed at protecting users from sophisticated cyber threats, including spyware and targeted surveillance. “We […]

Business

Lagos ranked first in Nigeria’s ease of doing business ranking

Lagos State, Nigeria’s commercial capital, has ranked as the country’s top subnational performer in ease of doing business, according to a new nationwide assessment of business environments. The report was presented in Abuja on Friday, March 28, at the Reform and Diplomatic Roundtable 2026, hosted by the Presidential Enabling Business Environment Council in partnership with […]

Business featured

Dangote Refinery denies announcing stock market listing plans

Dangote Petroleum Refinery and Petrochemicals has clarified that it has not announced any Initial Public Offering for its listing, warning the public against relying on speculative reports circulating across media and social platforms. In a statement issued by its management, the company said it had observed the “recent circulation of unauthorised information across various media […]

Electricity featured

FG, GenCos clash over ₦6tn power debt reconciliation

The Federal Government and power generation companies have disagreed over the reconciliation of debts in Nigeria’s electricity market, with both sides offering differing accounts of the actual liabilities owed to the GenCos. The Minister of Power, Adebayo Adelabu, said the actual debt owed to generation companies may be significantly lower than widely reported, as ongoing […]

Anthropic counters OpenAI with $1 AI offer to government branches
Tech

Anthropic wins injunction against Trump-era security designation

A United States federal judge has ruled in favour of Anthropic in its complex legal dispute with the Trump administration, granting the AI company an injunction against the government’s recent “supply chain risk” designation, the Wall Street Journal reports. On Thursday, Judge Rita F. Lin of the Northern District of California ordered the administration to […]

Business

Britain urges parents to limit screen time for young children

Britain has advised parents to limit young children’s screen time, recommending no screens for children under 2 and no more than one hour per day for those aged 2 to 5, warning that excessive solo use can interfere with sleep and reduce time for play and physical activity. Governments around the world are increasingly tightening […]

Kuda relaunches cross-border remittance with multi-currency wallet
Business

Kuda cuts jobs across departments amid restructuring

Kuda Technologies Limited, a Nigerian digital bank supported by international investors, has cut jobs across multiple departments as part of a company-wide restructuring, despite reporting improvements in its financial performance. The layoffs impacted several teams, including marketing, where 19 out of 40 employees were affected, two staff members said. In a statement emailed Friday, a […]

Sony unveils advanced PlayStation 5 Pro
Tech

Sony to raise PlayStation 5 prices amid global economic pressures

Sony said on Friday it will increase prices for its flagship PlayStation 5 consoles for the second time in under a year, blaming “pressures in the global economic landscape.” In the United States, the PS5 disc edition will rise from $549.99 to $649.99, a $100 increase following last year’s hike. The digital edition will also […]

Naira closes week stronger at N1,534.72/$ 
Business

CBN’s new diaspora remittance rules to open market

The Central Bank of Nigeria’s new reforms on diaspora remittances aim to break entrenched monopolies in the foreign exchange market, increase inflows, and enhance transparency. The President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, made this disclosure on Friday that the central bank’s policy marks a crucial move toward liberalising […]

Business

Middle East conflict threatens Nigeria’s economy – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has raised concerns over the escalating conflict in the Middle East, warning that it poses a serious threat to Nigeria’s economic stability. Speaking at the Monetary Policy Forum in Abuja on Thursday, Cardoso noted that the tensions could have far-reaching implications for the country’s financial […]