Business

African family businesses outperform global peers in growth

  • 25th June 2026

Poor transparency validation could scare off investors, NEITI

  • 25th June 2026

African cocoa farmers demand $6000/tonne floor price

  • 25th June 2026

Reps expand probe of airport, seaport concessions

  • 25th June 2026

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African family businesses outperform global peers in growth —

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Electricity

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Business

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Scams

31 suspected scammers, romance fraudsters arrested in UK-Nigeria raids

Dozens of suspected scammers and romance fraudsters have been arrested after specialist financial investigators uncovered organised networks of criminals operating across the United Kingdom and Nigeria. In just one of a series of raids this month, police detained a man suspected of selling personal banking information online and enabling fraud through money laundering. Two Rolex […]

EU rules out fee for tech giants under digital markets act
Investment

EU launches €4.5m project to tackle insecurity in Sokoto

The European Union has launched a €4.5 million conflict prevention and resilience initiative in Sokoto State aimed at addressing insecurity, climate stress, displacement and socioeconomic vulnerabilities affecting communities across the state. Nairametrics reported that the project, known as RECAP- Resilience, Engagement and Conflict Prevention for At-Risk Populations’ Protection in Sokoto State, was officially unveiled on […]

Finance

FG releases 50% of 2025 scholarship arrears to Nigerian students abroad

The Federal Government has started releasing 50 per cent of outstanding 2025 Bilateral Education Agreement scholarship arrears to Nigerian students studying abroad. The development was disclosed in a statement issued by the Federal Ministry of Education and published on its official X page on Wednesday. The payment represents a partial settlement of backlog allowances owed […]

Economy featured

South Africa’s inflation climbs to 4%, highest since 2024

South Africa’s annual inflation rate accelerated to four per cent in April 2026, marking its highest level since August 2024, as rising fuel prices pushed transportation and consumer costs higher across the economy. This is according to data released by Statistics South Africa on Wednesday. The increase reflects mounting pressure from energy-related costs despite continued […]

Meta tests in-house AI chip to reduce reliance on Nvidia
Business

Meta begins massive layoffs of 8,000 workers to fuel AI expansion

Facebook parent company, Meta Platforms Inc., has started notifying employees across its global operations of job cuts affecting about 8,000 roles, as part of a broader restructuring tied to its push into artificial intelligence and cost optimisation. The layoffs, which began on Wednesday morning, were first communicated to staff in Asia around 4 a.m. Singapore […]

Finance

CBN retains MPR rate at 26.5% amid rising inflation

The Monetary Policy Committee of the Central Bank of Nigeria has voted to retain the Monetary Policy Rate at 26.5 per cent following its 305th meeting. The decision was reached at the latest MPC session, with 11 members in attendance. CBN Governor Olayemi Cardoso announced the decision on Wednesday at the conclusion of the meeting […]

Oil and Gas

Iran threatens tariffs on Strait of Hormuz internet cables

Iran has threatened to impose tariffs on Strait of Hormuz submarine cables, which are crucial for the region’s digital economy. After a sustained blockade of the Strait of Hormuz and leaving the world scrambling for oil and energy supplies, Iran’s Islamic Revolutionary Guard Corps demanded “protection fees” from foreign cable operators to provide them with […]

News

NDLEA smashes Nigerian-Mexican meth cartel in major raid

The National Drug Law Enforcement Agency has dismantled a transnational methamphetamine production syndicate jointly operated by a Nigerian drug cartel and Mexican collaborators, leading to the arrest of 10 suspects. Illicit drugs and chemicals valued at over N480bn were recovered during the operation. The Chairman and Chief Executive Officer of the NDLEA, Brig. Gen. Buba […]

Indonesia to set minimum age for for children's social media use
Tech

UK campaigners reject Australia-style social media ban, push targeted curbs

Online safety advocates have called on the British Prime Minister Keir Starmer to prevent under-16s from using social media platforms that fail to meet tough safety requirements, rather than imposing a sweeping Australia-style prohibition. The NSPCC, Molly Rose Foundation, and Smartphone Free Childhood argued that tech companies should be barred from exposing teenagers to “high-risk” […]

Sport

Championship: Southampton loses potential £200m playoff prize over spying breach

Southampton faces a devastating financial setback after the English Football League expelled the club from this weekend’s Championship playoff final due to spying on multiple opponents. The decision strips Southampton of a potential promotion to the 2026-27 Premier League, which guarantees a minimum of £110 million in broadcast and central commercial payments. This figure can […]

Technology

Samsung adviser warns of AI memory boom slowdown by 2028

The current artificial intelligence–driven boom in memory chips could begin to lose strength by 2028 as Chinese manufacturers rapidly scale up production capacity and global technology firms start tightening capital spending, a senior Samsung Electronics adviser has warned. A South China publication reported that speaking at a forum organised by the National Academy of Engineering […]

Sony shares drop 6% as Q1 profit plunges
Games

Sony increases PlayStation plus subscription prices across regions

Sony has confirmed a fresh round of price increases for its PlayStation Plus subscription service, raising concerns among gamers already dealing with rising costs across the gaming industry. The subscription platform, available on both PS4 and PS5 consoles, provides access to online multiplayer gaming, monthly downloadable titles, cloud storage, and exclusive PlayStation Store discounts. According […]

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