Business

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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Nvidia unveils Nemotron 3.5 lightning as open-source AI debate

Tech

Anthropic to watermark AI-generated text under new EU rules

featured

Spotify introduces ‘AI Persona’ labels for AI-generated artists

Tech

Google Gemini surpasses 1b monthly active users

Tech

Blog

Boeing probes cyber attack
Aviation

Flight attendants sue Boeing for physical, emotional harm

Four flight attendants who were aboard the Alaska Airlines 737 MAX 9 that suffered a mid-air cabin panel blowout in January last year are suing Boeing for physical and emotional harm. In separate lawsuits, they are demanding compensation for physical and psychological injuries, emotional distress, and both past and future economic losses. “Each of the […]

MTN Nigeria to build infrastructure for network platform
News

MTN Nigeria to build infrastructure for network platform

MTN Nigeria is doubling down on infrastructure investments as it looks to evolve from a traditional mobile service provider into a wholesale network platform for other operators—a strategic shift aimed at unlocking new revenue streams beyond regular customer subscriptions. The telecom giant, which operates over 24,300 tower sites and an expansive fibre backbone across Nigeria, […]

Tech

SAP deepens HR tech presence with SmartRecruiters acquisition

SAP SE, Europe’s most valuable tech firm, is acquiring United States-based hiring platform SmartRecruiters as it deepens its footprint in the human resources software market. The Germany-based software giant announced the deal on Friday but did not disclose financial terms. The acquisition is expected to close in the fourth quarter of 2025. SmartRecruiters, headquartered in […]

Banking

GTCO delists GDRs from London stock exchange effective July 31

Guaranty Trust Holding Company Plc has formally delisted its Global Depositary Receipts from the London Stock Exchange, effective 8:00 a.m. on July 31, 2025. The company also announced that its LSE ticker symbol will change from “GTHC” to “GTCO” on August 1, 2025, to align its global identity with its Nigerian brand. “Following the cancellation […]

Aviation

FG approves N712bn to rebuild Lagos airport terminal

The Federal Executive Council on Thursday approved N712 billion for the complete rehabilitation, upgrade, and modernisation of International Terminal One at Murtala Muhammed International Airport in Lagos. This forms the largest component of a broader N900 billion aviation infrastructure plan for the country. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the decision while […]

JAPA: Overstay your visa, face permanent ban, US warns Nigerians
featured

Nigeria Immigration digitises CERPAC applications

The Nigeria Immigration Service has made all applications for the Combined Expatriate Residence Permit and Aliens Card strictly digital, officially phasing out the use of physical forms, starting August 1, 2025. The change was announced on the Service’s official X account on July 31, 2025. From that day, physical CERPAC forms are no longer being […]

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

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
News

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 […]

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