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Finance ministry demands legal basis for N680m NAICOM

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NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

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NITDA urges regulatory collaboration to support emerging technologies

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

Economy

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Technology

BREAKING: Lagos Airport arrivals reopen, Air Peace resumes noon

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FG grants 448 oil sector expat slots amid local content drive

The Nigerian Content Development and Monitoring Board approved 448 expatriate quota requests for foreign professionals in the oil and gas sector during the first half of 2025, signaling a continued reliance on foreign expertise even as the federal government intensifies efforts to boost local participation. In the official data, the NCDMB granted 246 EQ slots […]

Huawei establishes cloud centre in Saudi Arabia
Tech

Huawei woos global markets, plans AI chip shipments

Huawei Technologies Co. is quietly exploring the export of small batches of its older-generation artificial intelligence chips to markets in the Middle East and Southeast Asia. This comes as it looks to establish a foothold in regions currently dominated by United States giants Nvidia and Advanced Micro Devices Inc., according to Bloomberg. According to sources […]

Banking

GTCO eyes 15% dividend yield after London listing

Guaranty Trust Holding Company is setting ambitious performance targets following its landmark dual listing on the London Stock Exchange, aiming for a minimum dividend yield of 15% and a return on equity of at least 25%. Speaking at a post-listing media briefing in London, Group CEO, Segun Agbaje, said the shift from Global Depositary Receipts […]

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AI-generated child abuse content surges by 400% – Report

The number of artificial intelligence-generated child sexual abuse videos online has surged dramatically, according to a new report by the UK-based Internet Watch Foundation, raising urgent concerns over the misuse of generative AI tools. The IWF revealed it had identified 1,286 illegal AI-generated videos depicting child sexual abuse in the first half of 2025—up from […]

Travel

US introduces $250 visa integrity fee for students, others

The United States government has announced a new $250 Visa Integrity Fee as part of sweeping immigration reforms under the recently enacted One Big Beautiful Bill Act. The bill was signed into law by President Donald Trump on July 4. The fee, which functions similarly to a security deposit, is set to take effect in […]

Microsoft surpasses $4trn valuation with AI, cloud boom
News

Microsoft shares $500M internally days after cutting 9,000 jobs

Microsoft’s Chief Commercial Officer, Judson Althoff, said this week that the company saved over $500 million in its call center operations last year thanks to artificial intelligence. Althoff highlighted that AI tools are driving productivity gains across sales, customer service, and software engineering, Bloomberg reported. The internal remarks come just days after Microsoft laid off […]

OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
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OpenAI to tackle Google Chrome with AI-powered web browser

OpenAI is preparing to enter the web browser market, with plans to launch an AI-powered browser in the coming weeks, according to a report by Reuters on Wednesday. The move positions the ChatGPT maker in direct competition with Google Chrome, the world’s most widely used browser. The browser is expected to integrate Operator, OpenAI’s AI […]

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

Samsung to unveil triple-folding smartphones to rival Huawei

Samsung Electronics Co. has announced plans to launch its first triple-folding smartphone by the end of 2025, a strategic move aimed at strengthening its position in the high-end device market amid intensifying competition from Chinese brands like Huawei. The President and Head of Samsung’s Mobile Experience Business, TM Roh, disclosed the development during a press […]

EU rules out fee for tech giants under digital markets act
Tech

EU issues final draft of voluntary AI compliance code

The European Commission on Thursday released the final draft of a voluntary code of practice aimed at helping companies comply with the European Union’s forthcoming Artificial Intelligence Act. The code, which takes effect on August 2 but will not be enforced until 2026, outlines key principles around transparency, copyright, safety, and security, according to Reuters. […]

Kenyan logistics startup Leta expands into Ghana
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Kenyan logistics startup Leta expands into Ghana

Kenyan software startup Leta has announced its expansion into Ghana, marking its seventh market across Africa. The move comes just months after it secured a $5 million seed funding round in March, a rare feat amid a sharp decline in logistics tech funding across the continent. Founded in 2021 by Nick Joshi, Leta develops AI-powered […]

Business

BRICS alliance to unlocks opportunities for Nigerian innovators — NBTI DG

Nigeria’s recent entry into the BRICS alliance is creating new global pathways for local innovators, according to the Director-General of the National Board for Technology Incubation, Kazeem Raji. Speaking on Wednesday at the National Showcase: NextGen Innovation Challenge 2025 in Abuja, Raji said the country’s engagement with BRICS — a bloc representing Brazil, Russia, India, […]

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