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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

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Twin brothers join NNPC, defy myth of one hire

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NERC dissolves Kaduna DisCo board over ₦456.5bn debt

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Wema bank posts ₦100.5bn pre-tax profit in H1 2025
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Wema bank posts ₦100.5bn pre-tax profit in H1 2025

A tier-2 Nigerian commercial bank, Wema Bank has reported a pre-tax profit of ₦100.5 billion ($65 million) for the first half of 2025—marking a 229% year-on-year increase and underscoring its strong financial momentum. The bank attributed the impressive growth to a sharp rise in interest income, which climbed 64.76% compared to the same period in […]

News

Elumelu urges Africa to prioritise infrastructure development

Prominent African entrepreneur and philanthropist Tony Elumelu, Group Chairman of Heirs Holdings, has urged African governments and private sector leaders to prioritise resilient infrastructure, human capital development, and green investments to accelerate the continent’s economic growth. Elumelu, who also chairs UBA and Transcorp, made the call during his keynote address at the African Caucus Meeting […]

Agribusiness

Farmers label CBN’s anchor borrowers’ programme a failure

The National President of the All Farmers Association of Nigeria, Kabir Kebram, has described the Central Bank of Nigeria’s Anchor Borrowers’ Programme as a failed intervention. Kebram stated that AFAN distanced itself from the programme from the beginning, having assessed its structure and deemed it unsustainable. “As AFAN, we did not participate in the programme […]

Business

FG targets additional 810,000bpd crude from deepwater fields

The Federal Government has announced a new cluster and nodal development initiative aimed at unlocking an additional 810,000 barrels of crude oil per day from Nigeria’s deepwater fields. Spearheaded by the Nigerian Upstream Petroleum Regulatory Commission, the move is part of a broader strategy to revive offshore oil production, which has seen significant decline in […]

Business

Tinubu approves one-year extension for Customs boss

President Bola Ahmed Tinubu has approved a one-year extension of the tenure of Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, to allow him consolidate ongoing reforms and complete key initiatives. The extension was announced in a statement issued on July 31, 2025, by Bayo Onanuga, Special Adviser to the President on Information and […]

Russia criminalizes searches for 'extremist' content online
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Russia criminalizes searches for ‘extremist’ content online

Russian President Vladimir Putin has signed a controversial new law that punishes citizens for searching online content deemed “extremist” by authorities—a move rights groups say further curtails digital freedoms and free expression in the country. The law, signed on Thursday, imposes fines of up to 5,000 rubles (approximately \$64) on individuals found deliberately accessing such […]

Business

NigComSat eyes $3b in annual earnings to power digital growth

The Director-General of Nigerian Communications Satellite Limited, Jane Egerton-Idehen, says the agency is targeting an average annual revenue of $3 billion as part of efforts to reposition itself as a key player in Nigeria’s digital economy. She disclosed this on Thursday in Abuja at the July edition of the DevsInGovernment MDA Workshop Series, hosted by […]

Meta launches AI voice translation on Facebook, Instagram
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Meta budgets $72bn in AI investment as part of long-term growth

Meta is dramatically increasing its investment in AI infrastructure, announcing plans to spend up to $72 billion on data centers, servers, and related technologies in 2025. The company disclosed the move in its second-quarter earnings report on Wednesday, signaling a $30 billion year-over-year jump in capital expenditures at the midpoint of its projected range. Meta […]

GitHub Copilot hits 20m users as enterprise AI coding heats up
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GitHub’s Copilot hits 20m users as enterprise AI coding heats up

The AI-powered coding assistant developed by Microsoft-owned GitHub, GitHub Copilot, has now surpassed 20 million users, Microsoft CEO Satya Nadella announced during the company’s latest earnings call. A GitHub spokesperson confirmed the figure represents total users since the tool’s launch, with five million new users added in the past three months alone. While Microsoft did […]

Mastercard beats profit forecast as travel, leisure spending rises
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Mastercard beats profit forecast as travel, leisure spending rises

Mastercard surpassed Wall Street expectations for its second-quarter earnings on Thursday, fueled by continued strength in consumer spending on travel and leisure, despite inflation and trade-related economic pressures. The payments giant reported an adjusted profit of $4.15 per share for the quarter ending June 30, topping analysts’ estimates of $4.03, according to LSEG data. Net […]

Samsung sees US trade deal as boost amid Tesla chip order
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Samsung sees US trade deal as boost amid Tesla chip order

Samsung Electronics says a new trade deal between South Korea and the U.S. will ease business uncertainty and open the door for more chip orders, following a $16.5 billion agreement to supply semiconductors to Tesla. The United States will impose a 15% tariff on South Korean imports—down from a proposed 25%—in a deal announced by […]

Trump Mobile launch stumbles as support calls diverts
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Trump Mobile launch stumbles as support calls diverts

Trump Mobile, the newly launched mobile service branded by the Trump family, hit a snag on its debut day in June when calls to its customer support line were answered by Omega Auto Care, a Missouri-based auto warranty company. Omega is part of Ensurety Ventures, led by Pat O’Brien—one of the figures introduced at the […]

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