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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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Amazon plans stand-alone app for payments in India

Amazon enters quantum race with launch of Ocelot chip

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

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

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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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E-commerce platform Wasoko denies rumours of exit from Rwanda
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E-commerce platform Wasoko denies rumours of exit from Rwanda

Kenyan e-commerce platform, Wasoko has dismissed rumors of its closure in Rwanda, refuting claims made weeks after its exit from Zanzibar and temporary cessation of operations in Uganda and Zambia. The e-commerce platform stated that it is expanding its workforce in Rwanda, Tanzania, and Kenya. Specifically, in Rwanda, the company is actively seeking partnership and […]

News

OPay’s valuation hits $2.7bn as digital payment’s adoption rises

The Nigerian fintech startup OPay’s valuation has surged by more than 30% since its Series C funding round in 2021, according to recent corporate filings by Opera, an early investor. This significant increase underscores the impact of Nigeria’s digital payments boom on the emergence of a new wave of financial technology companies. In 2018, Opera […]

Telegram CEO unveils plans to enhance content moderation
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Telegram blocks Ukrainian military bots amid Russia-Ukraine crisis

Ukraine’s military intelligence agency GUR on Monday announced that the administrators of the Telegram messaging platform had blocked several official bots that were actively opposing Russia’s military aggression against Ukraine. In a statement posted on Telegram, GUR expressed disappointment over the “unreasonable” blocking of official bots, including the main Intelligence bot, which stood against Russia’s […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
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Queues continue across states amid fuel supply shortages

Commuters across several states in Nigeria are facing fuel shortages and soaring prices, leading to long queues at filling stations. The scarcity has been reported in Lagos, Abuja, Kaduna, Kano, Jos, Cross River, and other parts of the country. Channels News reports that they have been a significant increase in vehicle queues at filling stations […]

Agribusiness

Nigerian rice mills reopen as paddy prices drop by 32%

Rice millers who were forced out of business in Nigeria are beginning to reopen their factories as it becomes affordable to source critical inputs. The recent lifting of sanctions on the Niger military junta by the Nigerian government was responsible for their renewed ability to import paddy- a key input for their operations, according to […]

OpenAI abandons major restructuring to retain control
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Australian advocacy group petitions OpenAI over privacy concerns

AI startup OpenAI on Monday, faced a privacy complaint from advocacy group NOYB, alleging that its generative AI chatbot, ChatGPT, failed to rectify inaccurate information, potentially violating EU privacy regulations. ChatGPT, which sparked the GenAI trend in late 2022, boasts capabilities to simulate human conversation, summarize text, compose poetry, and even brainstorm theme party ideas. […]

FG begins compensation for demolished properties along Lagos-Calabar coastal highway
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FG begins compensation for demolished properties along Lagos-Calabar coastal highway

The Ministry of Works has announced the imminent commencement of compensation for property owners affected by demolitions along the Lagos-Calabar Coastal Highway corridor. This update was shared in a statement on the Ministry’s website following the launch of demolition activities along the highway in Lagos State. The event was graced by the presence of the […]

Banking

Standard Chartered Bank appoints Dalu Ajene as CEO

Standard Chartered Bank has announced Dalu Ajene as the new Chief Executive Officer of the bank’s operations in Nigeria. This follows the mandatory retirement of the Vice President of Africa and acting CEO, Lamin Manjang, after 25 years of service. According to the statement from the bank, Ajene comes to his new office with over […]

News

Stockbrokers seek improved PFAs participation in equity market

The Chartered Institute of Stockbrokers urged pension fund managers to participate more actively in the stock market. This was disclosed in a statement during a recent courtesy visit by its leadership to the Central Bank of Nigeria Governor, Mr Olayemi Cardoso, according to The Punch. In addition, the Institute requested assistance from the Central Bank […]

News

FG plans GIS unit to solve boundary disputes

The Office of the Surveyor General of the Federation has promised to utilize a Geographical Information System expert for the Border Communities Development Agency to enhance its GIS unit. This was disclosed in a statement signed by the Head of Press and Public Relations, Sani Datti, during a courtesy visit by the Executive Secretary of […]

Aviation

Delta Air Lines to start Lagos-New York flight December

Delta Air Lines has announced that, from December 1, 2024, it will start to operate a round-trip service between New York and Lagos. In addition, the airline announced that this winter it will enhance services to Accra, Ghana, and South Africa to strengthen its position as America’s leading carrier on African soil. This was disclosed […]

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