Business

Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

  • 10th August 2026

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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Dangote Refinery alone not enough for Africa, says FG

Oil and Gas

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Transportation

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

Economy

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FibreOne loses 42% of subscribers as as Starlink, Spectranet decline - Report
News

FibreOne loses 42% of subscribers as as Starlink, Spectranet decline – Report

Nigeria’s internet service provider industry is facing a major downturn, with data from the Nigerian Communications Commission revealing the steepest subscriber drop in recent years. Over 18,000 users disconnected from fixed broadband between Q3 2024 and Q1 2025, and 18 licensed ISPs exited the market—highlighting the growing dominance of mobile internet and rising operational costs. […]

US senators demand Meta probe over chatbot child safety concerns
News

Apple loses top AI chief to Meta amid talent war

Apple’s top executive overseeing artificial intelligence models, Ruoming Pang, is leaving the tech giant to join rival Meta Platforms, according to a report by Bloomberg News on Monday. Pang, who led Apple’s foundation models team, is set to take a key role in Meta’s recently launched Superintelligence Labs division. The move reportedly comes with a […]

Business featured

Why Nigeria must lift millions out of poverty – IMF

The International Monetary Fund has called on Nigeria to intensify efforts toward inclusive growth, tighten fiscal discipline, and improve domestic revenue mobilisation as crucial steps toward long-term economic stability and prosperity. In a blog post on Monday, IMF Mission Chief to Nigeria, Axel Schimmelpfennig, and Resident Representative, Christian Ebeke, praised recent reform efforts but cautioned […]

News

FG combats energy poverty with nation compact initiative

The Federal Government has pledged to address energy poverty through a high-level stakeholder forum focused on implementing the National Energy Compact under the Mission 300 initiative. Set for July 8, 2025, the forum will be convened by the Federal Ministries of Power and Finance in collaboration with Sustainable Energy for All, marking a significant step […]

Twitter co-founder Jack Dorsey quits Bluesky board
Tech

Jack Dorsey launches bluetooth-based messaging app Bitchat

Jack Dorsey, Twitter’s co-founder and former CEO, has launched Bitchat—an experimental messaging app that works entirely through Bluetooth mesh networks, with no need for internet access, servers, SIM cards, phone numbers, or email addresses. The launch reflects Dorsey’s continued advocacy for decentralized, privacy-first, and censorship-resistant technologies, following his involvement with platforms like Damus and Bluesky. […]

Aviation

Enugu Air cleared for domestic flights under XEJet partnership

The Nigerian Civil Aviation Authority has issued an interim authorisation allowing Enugu Air to begin domestic flight operations through a partnership with XEJet, while its Air Operator Certificate is being finalized. The approval was announced in a statement signed by NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, on Monday, July 7, 2025. […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Banking

CBN orders banks to submit capital restoration plans

The Central Bank of Nigeria has mandated banks to submit a Capital Restoration Plan as part of its strategy to wind down the regulatory forbearance framework. In a circular signed by the Director of Banking Supervision, Olubukola Akinwunmi, and published on the CBN website on Monday, the apex bank said the plan will complement other […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
News

Nigeria, Netherlands begin talks to update outdated double taxation treaty

The Federal Inland Revenue Service has officially begun renegotiating its Double Taxation Agreement with the Kingdom of the Netherlands. This marks the first such engagement since President Bola Ahmed Tinubu signed Nigeria’s landmark Tax Reform Bills into law on June 26, 2025. According to an FIRS statement, the opening session of the talks took place […]

Business

Fire erupts at Telecom Egypt’s headquarters, injures 14 

A major fire broke out at Telecom Egypt’s 10-story headquarters in downtown Cairo’s Ramses district on Monday, injuring at least 14 people and causing a temporary outage of internet and mobile phone services, according to authorities. The blaze, which originated in an equipment room on the seventh floor, prompted a swift response from emergency services, […]

Business

US imposes 25% tariffs on imports from Japan, S’Korea, others

United States President Donald Trump revealed Monday that imports from at least seven countries will face significantly higher blanket tariffs starting August 1, marking a return to his aggressive trade policies. The announcement, made via a series of social media posts, included screenshots of signed letters addressed to the leaders of Japan, South Korea, Malaysia, […]

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