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NGX listed firms earned ₦179.5bn finance income in

  • 10th August 2026

Nigeria’s monthly data consumption hits record 1.5mTB in

  • 10th August 2026

NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

Reps move to reform aviation laws, propose new

  • 10th August 2026

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Lagos, FCT, Rivers owe 43% of states’ debt —

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Tech

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Nigerian startups secure $4.8m in July funding deals

Nigerian startups raised more than $4.8 million across 10 deals in July 2025, with the biggest funding rounds led by digital credit recovery platform Bfree and mobility fintech Moove. Data from Research shows the inflows came through a mix of debt financing, venture capital, and grants. Bfree secured the largest deal of the month, raising […]

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PenCom suspends seven mortgage banks over housing loan breaches

The National Pension Commission has suspended the acceptance and processing of equity contribution applications from seven Primary Mortgage Banks over alleged breaches of its housing loan guidelines. In a circular dated August 11, 2025, and signed by Obiora Ibeziako, Head of the Benefits and Insurance Department, PenCom directed all Pension Fund Administrators, including Closed PFAs, […]

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Customs gives importers two weeks to clear 905 overtime cargoes

The Nigeria Customs Service has given importers and agents a two-week ultimatum to clear 905 overtime cargoes stranded at Lagos ports or risk forfeiting them to the Federal Government. In a notice issued Monday, the NCS said the affected consignments are lying at the Apapa, Tin Can Island, and Ports & Terminal Multipurpose Limited (PTML) […]

Business

Tinubu hails NNPC, Sahara Group for driving Africa’s clean energy growth

President Bola Tinubu has praised the Nigerian National Petroleum Company Limited and Sahara Group for their commitment to strengthening Africa’s role in the global clean energy value chain. The commendation came on Monday at the unveiling of WAGL Energy Limited’s new 40,000-cubic-metre Liquefied Petroleum Gas vessel, MT Iyaloja (Lagos), in Ulsan, South Korea. Speaking through […]

News

Most videogame developers turning to AI, Google study reveals

A growing majority of video game developers are relying on artificial intelligence to cut costs and speed up production, according to a new Google Cloud survey. The report, released Monday, found that 87% of developers are using AI agents to automate repetitive tasks, allowing teams to focus more on creative work. Conducted by Google and […]

HR company Workday confirms data breach affecting third-party database
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HR company Workday confirms data breach affecting third-party database

One of the world’s largest providers of human resources technology, Workday, has confirmed a data breach that exposed personal information from a third-party database linked to its systems. In a statement published late Friday, the company said hackers accessed a customer relationship database containing contact details such as names, email addresses, and phone numbers. Workday […]

Grammarly unveils new AI-powered document interface
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Grammarly unveils new AI-powered document interface

Grammarly has rolled out a new document-based interface built on technology from Coda, the productivity startup it acquired last year. The redesigned platform combines traditional writing tools with a suite of AI assistants aimed at both students and professionals. The interface adopts a block-first design, allowing users to insert tables, columns, lists, headers, and rich […]

Chipmaker Intel to launch AI-processor in December
Tech

US considers turning Intel’s chips act grants to equity

The United States government is weighing an investment in Intel that could see Chips and Science Act grants converted into equity. Bloomberg first reported this on Monday, citing a White House official and people familiar with the matter. The investment under discussion would involve converting some or all of Intel’s grants from the $280 billion […]

Oracle expands AI tools in NetSuite to streamline business processes
Tech

Oracle’s longtime security chief steps down amid company shake-up

Oracle Corp.’s longtime chief security officer, Mary Ann Davidson, is leaving the company as part of a recent reorganisation, according to a person familiar with the matter. Davidson, widely regarded as one of the most senior women in the cybersecurity industry, joined Oracle in 1988 after serving as a civil engineer in the U.S. Navy. […]

Business

Karl Toriola to oversee francophone Africa in MTN leadership shakeup

MTN Nigeria CEO, Karl Toriola, will take on an expanded role within the MTN Group following a major executive reshuffle designed to fast-track the company’s “Ambition 2025” strategy. Starting November 1, 2025, Toriola will also serve as Vice President of Francophone Africa, managing operations in Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville, while continuing to […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

AI market is in a bubble, investors overexcited – Sam Altman

OpenAI CEO Sam Altman believes the artificial intelligence market is currently in a bubble, The Verge reported Friday. “When bubbles happen, smart people get overexcited about a kernel of truth,” Altman told a small group of reporters last week. “Are we in a phase where investors as a whole are overexcited about AI? My opinion […]

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