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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

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

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Finance ministry demands legal basis for N680m NAICOM charges

Business

Twin brothers join NNPC, defy myth of one hire

News

NERC dissolves Kaduna DisCo board over ₦456.5bn debt

Electricity

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

Finance

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Paramount Global, Skydance complete $8.4bn merger
News

Paramount Global, Skydance complete $8.4bn merger

Paramount Global and Skydance Media have officially completed their long-anticipated $8.4 billion merger, forming a new entity now known as Paramount Skydance Corp, the companies announced on Wednesday. The deal, over a year in the making, closes amid a shifting media landscape and follows months of political scrutiny and shareholder concerns. Beginning Thursday, the newly […]

AI chatbots not replacing Google just yet — Airbnb CEO
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AI chatbots not replacing Google just yet — Airbnb CEO

Following Airbnb’s strong second-quarter earnings report, CEO Brian Chesky shared insights into the company’s AI strategy, cautioning investors not to mistake AI chatbots for a full replacement of traditional search engines like Google—at least not yet. “I don’t think we should think of chatbots as the ‘new Google,’” Chesky said during the Q2 earnings call. […]

Tech

Amazon offers $1bn in cloud discounts to US agencies

Amazon Web Services will offer up to $1 billion in discounts to United States federal agencies for cloud services, modernisation, and training through 2028, the General Services Administration announced Thursday. The deal aims to accelerate cloud migration and the use of artificial intelligence across government agencies. “AWS’s partnership with GSA demonstrates a shared public-private commitment […]

Aviation

Keyamo bans Kwam 1 from flying after airport altercation

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has directed that popular Fuji musician King Wasiu Ayinde Marshal, widely known as Kwam 1, be placed on a no-fly list following an altercation at Abuja’s Nnamdi Azikiwe International Airport on Tuesday. In a statement posted on X (formerly Twitter) on Thursday, Keyamo described the incident […]

Airtel Nigeria to Build West Africa’s largest data centre to rival MTN
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Airtel Nigeria to Build West Africa’s largest data centre to rival MTN

Airtel Nigeria has unveiled plans to construct the region’s largest hyperscale data center in Lagos, intensifying its rivalry with MTN Nigeria and reshaping the digital infrastructure landscape across West Africa. The new facility, set to rise in Eko Atlantic City, will boast a massive 38-megawatt IT load capacity—more than eight times the size of MTN’s […]

Ecobank exits Mozambique to focus on high-growth markets
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Ecobank exits Mozambique to focus on high-growth markets

Pan-African banking group Ecobank announced its withdrawal from Mozambique, marking another step in its broader effort to streamline operations and focus on more profitable markets. In a regulatory filing to the Nigerian Stock Exchange on August 5, Ecobank disclosed the sale of its entire shareholding in its Mozambican subsidiary to Malawi’s FDH Bank. The deal […]

Jumia narrows losses, posts stronger Q2 revenue growth
News

Jumia narrows losses, posts stronger Q2 revenue growth

African e-commerce giant Jumia reported a significant improvement in its second-quarter 2025 financial performance, with narrowing losses and accelerating revenue growth signaling early returns from its ongoing restructuring efforts. According to its latest SEC filing, revenue for the quarter rose 25% year-over-year to $45.6 million, up from $36.5 million in Q2 2024. The growth was […]

US senator questions Intel CEO’s China ties over security concerns
Tech

Trump demands immediate resignation of Intel CEO

United States President, Donald Trump, has called for the immediate resignation of the Intel CEO. In a Truth Social post on Thursday, Trump accused Intel Chief Executive Lip-Bu Tan of being “highly CONFLICTED,” adding that “there is no other solution to this problem.” Intel shares dropped 5% in premarket trading following the statement. Intel did […]

Bitcoin hits $30,000 as Crypto investors' confidence surges
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Bitcoin hits $116K as Trump moves to expand retirement access

The cryptocurrency market rallied Thursday following reports that United States President Donald Trump will soon sign an executive order allowing 401(k) retirement plans to invest in alternative assets, including digital currencies, real estate, and private equity. Bitcoin climbed about 1per cent, crossing the $116,000 mark for the first time since July 31, while Ether jumped […]

Uber seeks funding for Robotaxi expansion operations
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Uber seeks funding for Robotaxi expansion operations

Uber Technologies Inc. is in discussions with private equity firms and banks to secure financing for the expansion of its robotaxi operations, CEO Dara Khosrowshahi revealed on Wednesday. The move signals the ride-hailing giant’s deepening commitment to autonomous vehicle technology amid increasing competition and scrutiny. Uber is currently working with Alphabet-owned Waymo and automakers such […]

Dating platform Bumble shares drop as paying users decline in Q2
News

Dating platform Bumble shares drop as paying users decline in Q2

Bumble Inc. reported a drop in paying users during the second quarter, dimming investor hopes for a near-term rebound and sending its shares down 8 per cent in after-hours trading on Wednesday. The dating app operator, which also runs the Bumble BFF friendship platform, said its total paying user base fell by 8.7 per cent […]

News

NIMC issues new access guidelines for NIN self-service portal

The National Identity Management Commission has issued new access guidelines for Nigerians seeking to update their National Identification Number records via its self-service portal. In a statement released Thursday and signed by the Head of Corporate Communications Unit, Dr. Kayode Adegoke, NIMC clarified that access to the portal is restricted to the same browser and […]

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