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Nigeria’s economy grows 3.13% in Q1 2025, says NBS

Nigeria’s economy expanded by 3.13 per cent year-on-year in real terms in the first quarter of 2025, according to the latest data from the National Bureau of Statistics. This marks a notable improvement from the 2.27 per cent growth recorded in the same period of 2024, driven largely by strong performances in the services and […]

Brazil acknowledges US trade deal may fail
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Brazil acknowledges US trade deal may fail

Brazil’s Finance Minister Fernando Haddad said Monday that negotiations with the United States over looming trade tariffs remain ongoing, but acknowledged that a deal may not be reached before the August 1 deadline, when sweeping United States duties are set to take effect. “That could happen,” Haddad told radio station CBN, referring to the possibility […]

Figma targets $16.4bn valuation in NYSE debut
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Figma targets $16.4bn valuation in NYSE debut

Figma is seeking a fully diluted valuation of up to $16.4 billion in its initial public offering, as the collaborative design software firm gears up for a high-profile debut on the New York Stock Exchange. In a regulatory filing on Monday, the company said it and existing shareholders plan to sell nearly 37 million shares […]

BitGo files confidentially for US IPO amid crypto market resurgence
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BitGo files confidentially for US IPO amid crypto market resurgence

A leading provider of trust and security services for digital assets, BitGo, announced on Monday that it has confidentially filed for an initial public offering in the United States. The move comes as cryptocurrency firms and fintech companies seek to capitalize on renewed investor confidence and surging market momentum. The company did not disclose the […]

Electricity

GenCos warn tariff cut may deepen sector’s debt crisis

Electricity generation companies, under the Association of Power Generation Companies, have raised concerns that the Enugu Electricity Regulatory Commission’s decision to slash Band A tariffs could worsen the sector’s debt burden. On Sunday, the EERC announced a new tariff structure for MainPower Electricity Distribution Limited, lowering the Band A rate from N209 per kilowatt-hour to […]

Aviation

Bangladesh air force jet crashes into school campus, kills 16

At least 16 people have been confirmed dead after a Bangladesh Air Force jet crashed into the Milestone School and College campus in Uttara, a northern suburb of the capital, Dhaka. The aircraft, identified as an F-7 BGI fighter jet, took off at 1:06 p.m. local time before crashing shortly afterward, according to the military’s […]

Business

UK consumer confidence sees sharpest fall since 2022 — Deloitte

Consumer confidence in the United Kingdom recorded its steepest quarterly decline since late 2022, as rising inflation and growing concerns over job security weigh heavily on households, according to Deloitte’s latest Consumer Tracker. The survey revealed that the consumer confidence index fell by 2.6 percentage points to 10.4% in the second quarter of 2025 — […]

Microsoft partners France to create digital replica of Notre-Dame Cathedral
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Microsoft partners France to create digital replica of Notre-Dame Cathedral

United States tech giant Microsoft has announced a partnership with the French government to develop a digital twin of the iconic Notre-Dame Cathedral, the country’s most visited monument. The initiative was confirmed on Monday by Microsoft President Brad Smith. The move comes months after the 862-year-old Gothic cathedral reopened in December 2024, following a five-year […]

China denies link to cyberespionage group accused of targeting Singapore
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China denies link to cyberespionage group accused of targeting Singapore

The Chinese embassy in Singapore has strongly denied allegations that a cyberespionage group accused of attacking the city-state’s critical infrastructure is linked to China, calling the claims “groundless smears and accusations.” In a Facebook statement published over the weekend, the embassy reiterated China’s official stance against cybercrime, stating: “China is firmly against and cracks down […]

Aviation

Air Peace opens ticket sales for Abuja–London flights

Nigeria’s leading airline, Air Peace, has announced the commencement of ticket sales for its anticipated Abuja–London flights, with fares starting at N1 million. According to a statement by the airline’s spokesperson, Efe Osifo-Whiskey, the direct flights from Abuja to both London Heathrow and Gatwick airports will begin on October 26, 2025. Air Peace becomes the […]

Flexjet raises $800m in private jet funding led by LVMH-backed firm
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Flexjet raises $800m in private jet funding led by LVMH-backed firm

The world’s second-largest private jet operator, Flexjet, has raised $800 million in a landmark funding round led by L Catterton, a private equity firm backed by luxury goods giant LVMH. The deal marks the largest capital raise in private aviation history and values Flexjet at approximately $4 billion, according to sources familiar with the transaction. […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft warns of attacks on servers by unknown hackers

Microsoft Corp. has confirmed that its SharePoint server software is under active attack by unidentified hackers, prompting concerns over a widespread cybersecurity threat. The company said it has issued a security patch to help customers protect their on-premises servers, adding that more fixes are being developed. The US Cybersecurity and Infrastructure Security Agency also acknowledged […]

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