Business

Lagos insists on valid planning permits for all

  • 16th May 2025
UK economy hits unexpected growth

Reforms position Nigeria as emerging investment hub –

  • 15th May 2025
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

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N130bn Sukuk listed on NGX, FMDQ - DMO

DMO raises N4.28bn from FGN savings bonds in May

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xAI updates Grok S’Africa’s ‘white genocide’ remarks controversy

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Humanoid robots will aid, not replace, human workers - China

Humanoid robots will aid, not replace, human workers –

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OpenAI tipped to join UAE mega data center project

OpenAI tipped to join UAE mega data center project

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Apple partners Anthropic on AI-Powered 'vibe coding' platform
Tech

Apple wins legal fight against UK over iPhone backdoor secrecy

Apple has won a legal battle against the UK government’s attempt to keep parts of its appeal secret. The case centers on a controversial order that would require Apple to create a “backdoor” into iPhones — essentially a way for authorities to access encrypted user data. On Monday, the U.K.’s Investigatory Powers Tribunal dismissed the […]

Microsoft to cut 6,000 jobs amid rising AI investment costs
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Microsoft joint venture Wicresoft to exit China, 2,000 jobs affected

A joint venture between Microsoft and local partners, Wicresoft, will cease its operations in China starting Tuesday, leading to the layoff of approximately 2,000 staff, according to a report by Chinese financial outlet Caijing. The move follows Microsoft’s decision to stop outsourcing its after-sales support in China to Wicresoft, sparking concerns over how the tech […]

News

Court adjourns Binance tax evasion case to April 30

Court has postponed proceedings in a tax evasion case against global cryptocurrency exchange Binance until April 30 to allow the country’s tax authority time to respond to a motion challenging the validity of court documents served via email. The move follows an application by Binance’s legal representative, Chukwuka Ikwuazom, who asked the court to nullify […]

News

DisCos hit 94.61% energy offtake in Q4 2024 – NERC

The Nigerian Electricity Regulatory Commission has reported that electricity distribution companies achieved a cumulative energy offtake performance of 94.61% in the fourth quarter of 2024. This marks a 4.14 percentage point increase compared to the third quarter of 2024, as revealed in the recently released NERC 2024/Q4 Report. According to the report, five DisCos surpassed […]

MTN has been given the approval to take over the Enugu-Onitsha Expressway construction under the road Infrastructure Tax Credit Scheme of around ₦202.8 billion.
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MTN challenges Netflix, Showmax with launch of streaming platform

One of Africa’s leading telecommunications providers, MTN Group, has entered a strategic partnership with UK-based video software firm Synamedia to create a new streaming platform for mobile and fixed broadband users across the continent. The collaboration aims to enhance digital content accessibility and meet the changing preferences of African audiences. MTN Group’s Chief Commercial Officer, […]

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Lagos issues 100+ contravention notices for illegal land reclamation

The Lagos State Government, through the Ministry of Waterfront Infrastructure Development, has served over 100 contravention notices to individuals and developers engaged in unauthorized land reclamation in the Ikota area of Lekki. This enforcement exercise forms part of ongoing efforts to safeguard the state’s waterfront zones and enforce compliance with physical planning and environmental regulations. […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

How Nigeria, others can avoid Trump tariff fallout – Ecobank

The Chief Executive Officer of Ecobank Transnational Inc., Jeremy Awori, has stated that African nations can soften the economic impact of United States President, Donald Trump’s new tariffs by strengthening trade among themselves. In an interview with Bloomberg TV, Awori explained that the tariffs are likely to replace the African Growth and Opportunity Act, a […]

Electricity

Six firms, university abandon national grid over blackouts

The Nigerian Electricity Regulatory Commission has granted approval to six firms and Nile University of Nigeria in Abuja to generate and distribute electricity, following ongoing power outages caused by frequent grid collapses. These entities will be permitted to generate up to 30 megawatts of electricity through various arrangements, aiming to address the country’s energy challenges. […]

Aviation auditors begin security audits of Lagos, Abuja airports
Aviation

FAAN unveils new security technology at Nigerian airports

The Federal Airports Authority of Nigeria has enhanced security measures at Nigerian airports, particularly international ones, to align with the International Civil Aviation Organization’s Standard and Recommended Practices. In line with the upgrades, FAAN has replaced much of the old security equipment with modern, state-of-the-art alternatives at key areas of the airports, particularly at international […]

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Lagos-Calabar coastal road designed to withstand floods for 50 years – Minister 

The Minister of Works, David Umahi, has assured that the Lagos-Calabar Coastal Highway is designed to withstand floodin for up to 50 years. This was disclosed during a stakeholder engagement session in Lagos, where he discussed the project’s key features and its long-term resilience, according to NAN on Sunday. Umahi emphasized that the highway’s pavement […]

News

Experts support Reinsurance’s AI strategy for sector growth

Stakeholders in Nigeria’s insurance industry have expressed support for Nigeria Reinsurance Corporation’s new AI strategy, commending its balanced approach. Public affairs commentator, Ade Adesokan, noted that the initiative showcases how effective leadership can merge cutting-edge technology with deep human expertise. Nigeria recently introduced a training initiative called ‘Reinsurance Accounting System and Claims Handling’ aimed at […]

Trump signs executive order establishing US Bitcoin reserve
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European stocks dive to 16-month low amid global recession fears

European shares hit a 16-month low as investors reacted to fears of a recession following the United States tariff announcements. Despite China’s retaliation, U.S. President, Donald Trump, remained firm on his tariff plans, leading investors to expect interest rate cuts from both the European Central Bank and the Federal Reserve. The pan-European STOXX 600 dropped […]

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