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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

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NITDA urges regulatory collaboration to support emerging technologies

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Transcorp top gainers chart as NGX closes at 78,020.54 points
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Stock market declines as ASI falls below 145,000 mark

The Nigerian All-Share Index fell by 671.81 points on Friday, August 15, 2025, closing at 144,628.20. This marks a 0.46 per cent decline from Thursday’s 145,367.03 points and extends the market’s losing streak to a third straight session. Trading volume also dropped significantly, with 1.37 billion shares exchanged, compared to 2.4 billion shares the previous […]

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Telecom sector draws $1bn as NCC reverts to market-based tariffs

The Nigerian Communications Commission says its shift back to market-driven pricing has attracted over $1 billion in telecoms infrastructure investments in 2025. Executive Vice-Chairman Aminu Maida disclosed this during an interactive session with journalists in Lagos on Friday, noting that the policy change introduced in January and February enabled mobile network operators to increase tariffs […]

X rival Bluesky updates community guidelines, seeks user feedback
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X rival Bluesky updates community guidelines, seeks user feedback

Two years after its launch, social network Bluesky is overhauling its Community Guidelines, Terms of Service, and other policies, inviting users to weigh in on some changes before they take effect on October 15, 2025. The company, which competes with X, Threads, and open platforms like Mastodon, says the updates aim to clarify user safety […]

Instagram developing ‘Picks’ feature to connect users over shared interests
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Instagram developing ‘Picks’ feature to connect users over shared interests

Instagram is working on a new feature called “Picks” designed to help users bond over common interests. The Meta-owned social network confirmed that Picks is currently an internal prototype and is not being tested publicly. The upcoming feature was first spotted by reverse engineer Alessandro Paluzzi, known for uncovering unreleased tools in popular apps. According […]

ChatGPT mobile app hits $2bn in global consumer spending
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ChatGPT mobile app hits $2bn in global consumer spending

ChatGPT’s mobile app for iOS and Android has generated $2 billion in global consumer spending since its launch in May 2023, according to new data from app intelligence provider Appfigures. The figure is roughly 30 times the combined lifetime spending of competitors such as Claude, Copilot, and Grok. In 2025 alone, the app has earned […]

US in talks to acquire stake in Intel
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US in talks to acquire stake in Intel – Report

The Trump administration is in discussions to acquire a stake in the United States semiconductor giant Intel, according to a Bloomberg report, in a move aimed at boosting domestic chip production. The deal, if finalized, would support Intel’s expansion of manufacturing in the United States, including its repeatedly delayed chip fabrication plant in Ohio. The […]

US senators demand Meta probe over chatbot child safety concerns
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US senators demand Meta probe over chatbot child safety concerns

Two Republican senators on Thursday called for a congressional investigation into Meta Pafter a Reuters report revealed an internal company document allowing its chatbots to “engage a child in conversations that are romantic or sensual.” Meta confirmed the document’s authenticity but said it removed the portions permitting chatbots to flirt or engage in romantic roleplay […]

Apple restores blood oxygen feature to US watches
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Apple restores blood oxygen feature to US watches

Apple will reintroduce its blood oxygen measurement feature to certain Apple Watch models in the United States following government approval, the company said on Thursday. The update, to be delivered via software, will be available for the Apple Watch Series 9, Series 10, and Apple Watch Ultra 2. The move comes after a lengthy legal […]

China hosts global humanoid robot games
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China hosts global humanoid robot games

China on Friday opened the World Humanoid Robot Games, a three-day international competition aimed at highlighting the country’s progress in artificial intelligence and robotics. The event features 280 teams from 16 countries, including the United States, Germany, and Brazil, competing in both athletic and technical challenges. The robots will participate in sports such as football, […]

Standard Bank CEO, CFO to retire in 2027
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Standard Bank CEO, CFO to retire in 2027

Standard Bank Group has announced that Chief Executive Sim Tshabalala and Chief Financial Officer Arno Daehnke will retire in 2027, ending more than a decade in their respective roles. Tshabalala has led Africa’s largest bank by assets since 2013, while Daehnke was appointed CFO in 2016. The announcement comes just months after the board raised […]

Naira strengthens slightly to N1,534.52/$ at official market
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Naira strengthens slightly to N1,534.52/$ at official market

The naira appreciated marginally against the US dollar at the official foreign exchange window on Thursday, closing at N1,534.52 to the dollar. Data from the Central Bank of Nigeria show the currency strengthened from Wednesday’s rate of N1,534.83, marking a modest gain of 0.3 kobo. In the parallel market, the exchange rate held steady at […]

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Public interest lawyer sues FG, NCAA, Ibom Air ₦500bn

Public interest lawyer, Ayodele Ademiluyi, has sued the Federal Government, the Nigerian Civil Aviation Authority, and others for ₦500 billion over alleged breaches of the rule of law in handling two aviation infractions involving King Wasiu Ayinde and Ms. Comfort Emmanson. The case, Ayodele Ademiluyi v. President of the Federal Republic of Nigeria & Ors […]

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