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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

  • 10th August 2026

NITDA urges regulatory collaboration to support emerging technologies

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Safeguarding investors’ capital is biggest post-listing challenge — AVA

Investment

Tinubu unveils plan to double Nigeria’s $32bn livestock sector

Agribusiness

Yobe transfers four agro-industrial assets to national food corporation

Agribusiness

Passengers stranded as aviation unions ground Air Peace flights

Aviation featured

Blog

US, EU reach trade deal, eases transatlantic tariff tensions
News

US, EU reach trade deal, eases transatlantic tariff tensions

The United States and the European Union have reached a landmark trade agreement, ending months of tense negotiations and averting a potential escalation in tariffs that threatened to strain transatlantic economic relations. The breakthrough was sealed following high-level talks between U.S. President Donald Trump and European Commission President Ursula von der Leyen at Trump’s Turnberry […]

Aviation

Aeroflot reports information system glitch, flight delays possible

Russia’s national airline, Aeroflot, announced on Monday that a failure in its information systems may lead to temporary disruptions in service operations. This was disclosed in a statement posted by the airline on Telegram messaging app. “As a result, schedule adjustments for some flights are expected, including delays and cancellations,” Aeroflot said in the post. […]

Samsung blames US AI chip sanctions for profit slump, shares dip
Tech

Samsung inks $16.5b semiconductor deal with Tesla

Samsung Electronics has signed a $16.5 billion contract to supply semiconductors to Tesla, according to a regulatory filing by the South Korean tech giant and a confirmation by Tesla CEO Elon Musk on X. While Samsung’s filing did not initially name Tesla, it stated that the contract took effect on July 26, 2025, with deliveries […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Business

Stable financial system key to $1tn economy goal – Edun 

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has emphasised the importance of a stable and reliable financial system—anchored by institutions such as the Nigerian Deposit Insurance Corporation—as critical to lifting millions out of poverty and steering Nigeria towards a $1 trillion economy. Speaking during the inauguration of the corporation’s […]

Business

Don’t celebrate GDP gains as economic growth, MAN warns FG

The Manufacturers Association of Nigeria has urged the federal government not to misinterpret the recently rebased Gross Domestic Product figures as a sign of significant economic advancement, warning that the data may conceal deeper structural issues within the economy. Reacting to the National Bureau of Statistics’ latest rebasing exercise, MAN noted that while nominal GDP […]

Nigeria borrowed money to fight Boko Haram - Oyedele
featured

FG retains 30% CIT under new Nigerian tax act

The federal government has announced that the corporate income tax rate will remain at 30 per cent for all large companies, under the revised Nigerian Tax Act set to take effect from January 2026. According to the provisions of the updated law, small businesses with an annual turnover of less than N25 million will continue […]

ChatGPT history could be used as court evidence, OpenAI CEO warns
News

ChatGPT history could be used as court evidence, OpenAI CEO warns

OpenAI Chief Executive Officer Sam Altman has cautioned users of ChatGPT against treating the popular chatbot like a personal confessional, warning that conversations with the AI tool could potentially be used as evidence in court. Speaking during an episode of the This Past Weekend podcast on June 25, Altman emphasized that, unlike communications with doctors […]

Nigeria excluded as Trump hosts African leaders in Washington
Business

Trump, EU complete trade deal with 15% import tariffs imposed

United States President Donald Trump on Sunday announced a new trade agreement with the European Union that imposes a 15 per cent tariff on most European imports. These includes automobiles, averting a previously threatened 30 per cent tariff hike. The deal was unveiled after high-stakes negotiations with European Commission President, Ursula von der Leyen, ahead […]

News

Fitch affirms Kogi, Oyo ratings at ‘B’ with stable outlook

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings of Kogi and Oyo States at ‘B’ with a Stable Outlook, citing their ongoing reliance on federal revenue transfers. In its latest assessment published on its website, the agency said the ratings reflect expectations of continued fiscal stability in both states, despite external pressures and vulnerability […]

Huawei’s artificial intelligence research arm, Noah’s Ark Lab, has denied allegations that its Pangu Pro Moe large language model copied elements from Alibaba’s Qwen 2.5-14B model.
Tech

Huawei launches cloudmatrix 384, escalates AI rice with Nvidia

Huawei Technologies has unveiled its high-performance AI computing system, CloudMatrix 384, in a major public debut at the World Artificial Intelligence Conference in Shanghai, signaling a bold challenge to Nvidia’s dominance in advanced AI hardware. The system, which integrates 384 of Huawei’s proprietary 910C chips, has been touted by analysts as a serious competitor to […]

Tesla to launch human-driven ride service
News

Tesla to launch human-driven ride service

Tesla is set to roll out a human-driven chauffeur-style ride service in the San Francisco Bay Area, not a robotaxi service, a California state regulator clarified Friday, pushing back on earlier media reports. According to a spokesperson from the California Public Utilities Commission, the electric vehicle company lacks the necessary permits to operate autonomous vehicles […]

Meta appoints ChatGPT co-creator as chief scientist of superintelligence lab
News

Meta appoints ChatGPT co-creator as chief scientist of superintelligence lab

Meta has appointed the co-creator of ChatGPT and former research scientist at OpenAI, Shengjia Zhao, as Chief Scientist of its newly established Superintelligence Lab, as part of its aggressive push into cutting-edge artificial intelligence. Meta CEO Mark Zuckerberg made the announcement Friday via Threads, revealing that Zhao will define the research agenda and scientific direction […]

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