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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

  • 10th August 2026

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Investment

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Agribusiness

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The British government has entered a strategic partnership with OpenAI, the American firm behind ChatGPT, to enhance collaboration on artificial intelligence
News

UK signs AI pact with OpenAI to boost tech security

The British government has entered a strategic partnership with OpenAI, the American firm behind ChatGPT, to enhance collaboration on artificial intelligence safety research and explore major investments in UK-based AI infrastructure, including data centres. Announced on Monday, the agreement marks a significant step in the UK’s ambition to become a global leader in AI development. […]

US lawmakers question tech giants over submarine cable security
News

US lawmakers question tech giants over submarine cable security

Three Republican members of the United States House of Representatives have raised concerns over national security risks linked to global submarine communication cables, urging tech giants to disclose their roles and safeguards regarding the infrastructure. In a letter sent Monday, the lawmakers asked the CEOs of Alphabet, Meta (Facebook’s parent company), Amazon, and Microsoft whether […]

Dangote Industries finalises N200bn bond listing
Business

Dangote refinery commences export of PMS to international markets

The Dangote Oil Refinery has commenced the export of Premium Motor Spirit to international markets. This was revealed on Tuesday by the President of Dangote Group, Alhaji Aliko Dangote, during the Global Commodity Insights Conference on West African Refined Fuel Markets, organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with S&P […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
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CBN holds interest rate at 27.5%

The Central Bank of Nigeria has decided to keep the Monetary Policy Rate unchanged at 27.5 per cent, signaling a continued focus on economic stability amid ongoing challenges. This was disclosed by CBN Governor, Olayemi Cardoso, during a press briefing following the 301st meeting of the Monetary Policy Committee in Abuja on Tuesday. The MPC […]

Iranian hackers target US elections, Microsoft warns
Tech

Chinese state-backed hackers exploited sharepoint vulnerabilities – Microsoft

Microsoft Corp. has accused Chinese state-sponsored hackers of exploiting vulnerabilities in its SharePoint document management software to carry out a global cyber-espionage campaign targeting businesses and government agencies. In a blog post published Tuesday, Microsoft identified two China-backed groups—Linen Typhoon and Violet Typhoon—as responsible for leveraging flaws in on-premises versions of SharePoint. A third China-based […]

Private sector laments loan repayment as interest rate hits 26.26%
Business

Foreign reserves rise to $40.11b – Cardoso

Nigeria’s external reserves have risen to $40.11 billion as of July 2025. This was disclosed by the Central Bank Governor, Yemi Cardoso, announced on Tuesday during the Monetary Policy Committee briefing. Cardoso stated that the current reserve level provides about 9.5 months of import cover, reflecting a substantial improvement in the country’s foreign currency buffer. […]

Aviation

NCAA orders airlines to enforce $10,000 cash declaration rule

The Nigerian Civil Aviation Authority has instructed all international airlines operating in the country to strictly enforce the $10,000 currency declaration requirement for inbound passengers. Passengers arriving with cash or Bearer Negotiable Instruments (BNI) exceeding $10,000 are mandated to declare them upon entry. Airlines must also announce this requirement during flights and distribute the necessary […]

Tech

HP awarded over £700m in autonomy fraud case

Hewlett Packard is owed more than £700 million ($944 million) from the estate of the late Mike Lynch and his former business partner, a United Kingdom’s court ruled on Tuesday. This follows HP’s controversial acquisition of British software company Autonomy. The United States tech giant had sued Lynch—who died last year when his yacht sank […]

Tech

ICT sector records 31.63% nominal growth in Q1 2025 — NBS

The Information and Communications Technology sector posted a 31.63 per cent year-on-year growth in nominal terms in the first quarter of 2025, according to the latest GDP figures from the National Bureau of Statistics. This represents a sharp rise of 28.23 percentage points from the 3.40 per cent recorded in Q1 2024, and a 13.67-point […]

International travellers to get higher compensation for deaths, flight delays - ICAO
Aviation

Local Airlines refund ₦1.038bn to over 5,000 passengers in Q2 – NCAA

Domestic airlines in Nigeria refunded a total of ₦1.038 billion to 5,285 passengers between April and June 2025, according to the Nigerian Civil Aviation Authority. The NCAA made this disclosure in a post on its official X account on Monday, underscoring its continued regulatory oversight and commitment to enforcing passenger rights. Although the Authority did […]

News

Ex-British PM urged to return thousands in fashion discounts 

Former British Prime Minister, Tony Blair, was urged to repay thousands of pounds in designer clothing discounts, newly released records show. Documents submitted to the National Archives reveal that Downing Street officials advised Sir Blair to return over £7,600 for purchases made from designers Nicole Farhi and Paul Smith, according to Sky News. The discounts […]

Business

Global anti-money laundering body invites Nigeria for consultations

The Financial Action Task Force, the global anti-money laundering watchdog, has invited Nigeria to join its consultative processes—a notable acknowledgment of the country’s growing role in combating money laundering and terrorist financing. This was disclosed in an invitation letter addressed to the Director/CEO of the Nigerian Financial Intelligence Unit, Hafsat Abubakar Bakari, by FATF President, […]

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