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

Economy

Anthropic begins embedding invisible watermarks into Claude-generated text

Technology

BREAKING: Lagos Airport arrivals reopen, Air Peace resumes noon

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AfDB flags off $263.8m infrastructure project in Abia

The African Development Bank has launched a $263.8 million integrated infrastructure project in Abia State to upgrade urban infrastructure and rehabilitate more than 248 kilometres of roads in Umuahia and Aba. In a statement released on Wednesday, the bank said the project—officially flagged off on July 11, 2025—is being carried out in collaboration with the […]

News

FG targets 8,500MW power supply in 18 months

The Federal Government has set an ambitious goal to boost the nation’s electricity supply from around 5,500 megawatts to 8,500 megawatts within the next 12 to 18 months, as part of broader efforts to stabilise and expand Nigeria’s power infrastructure. Director-General of the Bureau of Public Enterprises, Ayodeji Gbeleyi, announced the target on Wednesday in […]

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Nigeria should aim for 60,000mw electricity – Aliko Dangote

The President of the Dangote Group, Alhaji Aliko Dangote, has questioned Nigeria’s persistent power supply challenges, noting that if his company can generate over 1,500 megawatts for its own use, the country has no excuse for producing just 4,500 to 5,000 megawatts. Dangote said Nigeria should be targeting at least 60,000 megawatts to support its development […]

Nigeria Exchange in decline two weeks in a row
News

Nigerian stock market jumps ₦1.44trn as Nestlé leads bullish run

The Nigerian stock market posted strong gains on Wednesday, with investors raking in ₦1.44 trillion amid renewed buying interest in heavyweight stocks led by Nestlé Nigeria. Market capitalization rose by 1.80%, closing at ₦81.584 trillion, up from ₦80.143 trillion the previous day. The All-Share Index also advanced by 2,277.54 points to end at 128,967.08, compared […]

Aviation

Global business jet activity rises by 4.8% in June

Global business aircraft flight activity rose 4.8 per cent year-on-year in June, according to new data from aviation analytics firm, Argus International. This growth was driven by solid gains in North America and Europe, which recorded a 3.7 per cent and 2.4 per cent increase respectively, according to AIN online. The result exceeded Argus’s earlier […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Scale AI cuts 200 jobs weeks after $14.3b Meta investment

Just weeks after Meta invested $14.3 billion in Scale AI and brought on founder Alexandr Wang, the AI startup is laying off 200 full-time employees, about 14% of its workforce. In a memo to staff on Wednesday, interim CEO Jason Droege, who succeeded Wang, admitted the company expanded its generative AI capabilities too rapidly, leading […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Economy

Formal savings surge in Nigeria, other developing countries – W’Bank

The World Bank’s Global Findex 2025 report has revealed a record increase in formal savings among adults in developing economies, driven largely by the rapid adoption of mobile money services. According to the report, 40% of adults in these countries saved money through formal financial systems in 2024 — including banks, mobile money platforms, and […]

Cryptocurrency stocks climb as Ether hits six-month high
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Bank of America to develop Stablecoins as crypto rises 

Bank of America is continuing work on developing stablecoins and is likely to move forward in line with broader industry trends, CEO Brian Moynihan said Wednesday, though he did not provide a specific timeline. “We feel both the industry and ourselves will have responses. We’ve done a lot of work,” said Moynihan, head of the […]

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.
News

Huawei reclaims top spot in China’s smartphone market after four years

Huawei has regained its position as the leading smartphone brand in China for the first time in over four years, surpassing global rival Apple and domestic competitors such as Xiaomi, according to data released Tuesday by the International Data Corporation. The Shenzhen-based technology giant captured an 18.1% share of the Chinese smartphone market in the […]

OpenAI makes ChatGPT free, expands access without sign-ups
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OpenAI partners Shopify, to launch ChatGPT shopping feature

OpenAI is developing a checkout system for ChatGPT that will allow users to complete purchases directly within the chatbot, the Financial Times reported on Wednesday. The move marks a significant step toward monetizing the platform’s massive user base beyond subscriptions. Under the proposed system, merchants fulfilling orders through the integrated payment tool would pay a […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
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Nigeria’s inflation falls third consecutive month in June

Nigeria’s headline inflation rate eased for the third straight month in June, falling to 22.22% year-on-year from 22.97% in May, according to data released Wednesday by the country’s National Bureau of Statistics. Inflation in Africa’s most populous nation surged to levels not seen in 28 years last year, driven largely by President Bola Tinubu’s policy […]

Aviation

Airlines may delay aircraft deliveries over US tariff uncertainty – IATA

Director-General of International Air Transport Association,Willie Walsh, has said that Airlines could hesitate to accept aircraft deliveries amid ongoing uncertainty over United States tariffs and their potential impact on plane costs. This was disclosed by Walsh on Wednesday while speaking at a media roundtable in Singapore. “It’s not just going to be a major Boeing […]

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