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

Lagos warns of traffic around Pen Cinema ahead of

Transportation

NYSC denies deal with NANS over ₦200 levy for

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

Economy

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Crypto

Nigerian scammers impersonate Trump-Vance inaugural committee, steal $250K in crypto

Nigerian scammers posing as the Inaugural Committee for United States President, Donald Trump, and Vice President JD Vance election allegedly stole hundreds of thousands of dollars in cryptocurrency. According to the civil complaint filed by federal prosecutors on Wednesday in U.S. District Court in Washington, D.C., the perpetrators used fake email addresses designed to mimic […]

FG targets 6500 megawatts power generation in six months
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Benin, Togo owe Nigeria over $11m for Q1 electricity supply — NERC

Benin and Togo have failed to pay more than $11 million owed to Nigeria for electricity supplied in the first quarter of 2025, according to the Nigerian Electricity Regulatory Commission. The two countries, through their national utilities — Société Béninoise d’Énergie Électrique and Compagnie Energie Electrique du Togo — paid only a small portion of […]

UBA, Wema Bank resume international transactions on naira cards
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UBA, Wema Bank resume international transactions on naira cards

Two major Nigerian banks, United Bank for Africa and Wema Bank have announced the resumption of international transactions on their naira debit cards, marking a significant shift in the country’s banking sector after years of restrictions. The move comes nearly three years after most Nigerian banks suspended global transactions on naira cards due to a […]

Foreign phone sales in China drop to 10% in May
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Foreign phone sales in China drop to 10% in May

Sales of foreign-branded smartphones in China, including those of U.S. tech giant Apple Inc., fell by 9.7% year-on-year in May, according to figures released Friday by the China Academy of Information and Communications Technology, a government-affiliated research body. Data from the agency shows that shipments of foreign mobile phones dropped to 4.54 million units in […]

Silicon Valley shaken by engineer's secret multi-job hustle
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Silicon Valley shaken by engineer’s secret multi-job hustle

Silicon Valley is abuzz with a tale of deception, burnout, and extraordinary technical talent after revelations that Soham Parekh, a software engineer based in India, secretly held jobs at several tech startups at once — often without the companies’ knowledge. The saga began earlier this week when Suhail Doshi, CEO of image-generation startup Playground AI, […]

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Explosion at Italy fuel station injures 21

At least 21 people were reportedly injured on Friday morning when an explosion struck a petrol and LPG station in Italy. The blast occurred around 8:20 a.m. and was reportedly caused by a technical fault during refuelling, according to the Rome fire brigade. Authorities said none of the injuries were serious. Five people were taken […]

Aviation

1,500 flights cancelled as French strike cripples European air travel

Nearly 300,000 air travellers have had their plans disrupted after a crippling strike by French air traffic controllers forced the cancellation of 1,500 flights over two days. EasyJet scrapped 274 flights between yesterday and today, including 150 on the second day alone, according to Daily Mail. Ryanair said it cancelled 468 services, affecting around 70,000 […]

Business

China urges caution amid rapid advances in assisted-driving tech

China has called on the auto industry to proceed with caution as assisted-driving technology advances rapidly. China’s automakers are outpacing global competitors in the rollout of assisted-driving tech, driven by consumer demand for rapid innovation. However, regulators are signaling a clear message: advance boldly — but responsibly, according to Reuters. Regulators are finalizing new safety […]

Tech

Louis Vuitton Korea hit by cyberattack, customer data compromised

Louis Vuitton has confirmed a data breach in South Korea, joining other luxury brands like Dior, Tiffany, and Cartier that have recently faced similar incidents. In a notice published Friday, Louis Vuitton Korea revealed that an unauthorized third party temporarily accessed its systems on June 8, leading to the exposure of certain customer information. The […]

Business

Moody’s downgrades Afreximbank’s credit rating to Baa2

Moody’s has downgraded the African Export-Import Bank’s long-term issuer and senior unsecured ratings from Baa1 to Baa2, while changing the outlook from negative to stable. The downgrade reflects heightened concerns about the bank’s asset quality, significant exposure to distressed sovereigns, and a reduced diversity of funding sources. Additionally, Moody’s lowered the rating of Afreximbank’s senior […]

Stanbic Bank Kenya bets on startups with $100m investment
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Stanbic Bank Kenya bets on startups with $100m investment

Stanbic Bank Kenya is making an ambitious play in East Africa’s startup ecosystem, unveiling plans to raise $100 million through its Catalytic Fund to invest in early-stage ventures. In a departure from the traditional playbook of commercial banking, Stanbic says it is targeting underfunded sectors such as agritech, healthtech, manufacturing, and the creative economy—areas that […]

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