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South Africa’s unemployment rate hits four-year high of 33.6%

Economy

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xAI fixes Grok 4 after AI bot posts antisemitic content
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xAI introduces ‘Baby Grok’ as Musk targets younger users

Elon Musk has announced that his artificial intelligence company, xAI, is developing a child-friendly AI application named Baby Grok. The tech billionaire disclosed the plan in a post on X, offering no further details about the app’s features or release timeline. The move marks a notable shift for xAI, which earlier this month launched Grok […]

US Tech CEO suspended after 'cheating' with HR at Coldplay concert
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US Tech CEO suspended after ‘cheating’ with HR at Coldplay concert

A U.S. tech executive has been suspended after a viral video from a Coldplay concert stirred controversy and allegations of misconduct. Andy Byron, CEO of data orchestration firm Astronomer, was placed on leave after a video showing a couple embracing during the band’s performance at Gillette Stadium in Massachusetts went viral on TikTok and other […]

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US mission names Rick Swart as new Lagos consul general

The United States Mission in Nigeria has announced Rick Swart as its new Consul General in Lagos. He officially assumed office on July 16, 2025. As the senior U.S. government representative for the 17 southern states, Swart will lead efforts to strengthen trade and investment, foster people-to-people engagement, and advance key diplomatic priorities in the […]

China’s rare earth magnet exports hit six-month high in July
Business

Nigeria-China ties secure $20bn investment commitments

The Director General of the Nigeria-China Strategic Partnership, Joseph Olasunkanmi Tegbe, has revealed that recent engagements between Nigeria and China have attracted investment commitments exceeding $20 billion across critical sectors of the Nigerian economy. Tegbe made this disclosure in a statement issued by the NCSP on Friday, following a media briefing in Abuja. He emphasised […]

Price of of cooking gas rose by 13.75% in May 2024
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Marketers back Dangote’s move to slash cooking gas prices

The Nigerian Association of Liquefied Petroleum Gas Marketers has declared its full support for the Dangote Petroleum Refinery’s plan to reduce the price of cooking gas. Speaking, NALPGAM President, Oladapo Olatunbosun, said the move aligns with the association’s long-standing advocacy, adding that a price cut would significantly curb the reliance on firewood for cooking, according […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

FG, Otedola not involved in Otudeko ₦323bn deal – FistHoldCo

The Federal Government of Nigeria and billionaire businessman, Femi Otedola, the Chairman of FirstHoldCo Plc, have both denied any role in the recent acquisition of roughly 25% of the company’s shares—an investment worth over ₦323 billion. Their denials come in response to media reports claiming the transaction was executed through a government-backed Special Purpose Vehicle. […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote refinery to reinstate ₦5 fuel discount scheme for partners

Dangote Petroleum Refinery has announced plans to reinstate its suspended ₦5-per-litre fuel discount scheme for strategic partners, following a temporary halt caused by reported violations by some participating marketers. It was earlier reported that the refinery uncovered a new scheme involving some affiliate marketers and strategic partners allegedly diverting subsidised refined petroleum products for profit. […]

US senator raise concerns over Microsoft's use of Chinese engineers
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US senator raise concerns over Microsoft’s use of Chinese engineers

United States Senator Tom Cotton has called on the Pentagon to clarify whether Microsoft has employed Chinese engineers to help maintain U.S. military cloud computing systems, citing national security concerns raised by a recent investigative report. In a letter to Defense Secretary Pete Hegseth, the Arkansas Republican—who chairs the Senate Intelligence Committee and sits on […]

Pioneering African mobile gaming founder, Abiola Olaniran, dies at 36
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Pioneering African mobile gaming founder, Abiola Olaniran, dies at 36

Trailblazing founder of mobile gaming company Gamsole and a notable figure in Africa’s tech ecosystem, Abiola Olaniran has died at the age of 36. He passed away on Wednesday, July 16, and was buried the same day in a private ceremony. Olaniran gained international recognition after winning the Microsoft Imagine Cup in 2010, before going […]

WhatsApp accuses Moscow of attempting to block communications
News

Russia signals WhatsApp ban, citing national security concerns

A senior Russian lawmaker has warned that WhatsApp should prepare to exit the Russian market, as the country moves to restrict foreign software and promote state-backed alternatives. Anton Gorelkin, deputy head of the State Duma’s information technology committee, said Friday that Meta-owned WhatsApp is likely to be added to a list of restricted applications, citing […]

Netflix unveils first use of generative AI in original series
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Netflix unveils first use of generative AI in original series

Netflix has debuted its first use of generative artificial intelligence in an original production, signaling a major shift in the streaming giant’s approach to content creation. The milestone was announced by Co-CEO Ted Sarandos during the company’s Q2 earnings call on Thursday. The AI technology was used in The Eternauts, a new Argentine science fiction […]

Cryptocurrency stocks climb as Ether hits six-month high
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Cryptocurrency stocks climb as Ether hits six-month high

Cryptocurrency-linked stocks rallied in premarket trading on Friday, led by firms with exposure to ether, after the digital token surged to a six-month high. Shares of BitMine Immersion Technologies jumped 14%. The company, which holds around $1 billion worth of ether, has drawn attention with tech billionaire Peter Thiel as its top investor and Fundstrat’s […]

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