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Zenith bank eyes Kenyan expansion with acquisition deal

Zenith Bank, Nigeria’s second-largest lender by assets and often dubbed “the bank of the rich,” is preparing to expand its footprint into East Africa through the acquisition of a Kenyan tier-2 bank. The bank is reportedly in advanced negotiations to purchase the institution, a move that would grant it regulatory access to Kenya’s financial sector […]

aomenyepdnlimited-com
4th July 2025
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Aviation

Air France-KLM targets takeover of SAS next year

Air France-KLM Group has launched the process to acquire a majority stake in Scandinavian airline SAS, with the goal of finalizing the takeover in the second half of next year. This development follows Air France-KLM’s entry into a consortium that invested in SAS nearly two years ago, during the carrier’s restructuring under US Chapter 11 […]

monwubukepdnlimited-com
4th July 2025
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Elon Musk’s xAI secures $10bn in funding to expand AI

Tech

xAI secures permit for natural gas-powered supercomputer in US

Elon Musk’s AI firm, xAI, has received official approval to operate natural gas-powered turbines at its supercomputer facility in Tennessee, United States, according to public records released Wednesday. The Shelby County Health Department issued the permits on July 2, despite ongoing opposition from local residents who voiced concerns about air pollution during public hearings. Under […]

monwubukepdnlimited-com
4th July 2025
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Maritime

Nigeria recorded zero piracy cases in three years – Oyetola

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced that Nigeria has recorded zero piracy incidents in its territorial waters over the past three years. Speaking in Lagos on Thursday at a One-Day Citizens and Stakeholders’ Engagement themed “Strengthening Collaboration for Effective Implementation of the National Policy on Marine and Blue Economy,” Oyetola […]

monwubukepdnlimited-com
4th July 2025
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Business

Expert applauds Nigeria’s bold economic reforms

The founder of the Research Alpha fund and a veteran investor in the Asia-Pacific region, Michael McGaughy, has commended Nigeria’s recent economic reforms, including the unification of the foreign exchange market and the removal of fuel subsidies. He said these measures are strengthening Nigeria’s position as an attractive destination for global investment. His comments follow […]

monwubukepdnlimited-com
4th July 2025
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Customers oppose Discos' plan to recover prepaid meters

Electricity

AMCON sells 60% stake in Ibadan DisCo

The Asset Management Corporation of Nigeria has announced the sale of its 60 per cent stake in the Ibadan Electricity Distribution Company, as part of ongoing efforts to offload distressed assets and strengthen debt recovery nationwide. Speaking at a media briefing in Lagos on Thursday, AMCON Managing Director and CEO, Gbenga Alade, said the transaction […]

monwubukepdnlimited-com
4th July 2025
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How FG can boost Nigeria's digital growth - Analyst

featured

MTN, 9mobile begin network-sharing trial ahead of July rollout

MTN Nigeria and 9mobile have started testing a major radio access network-sharing deal, with a full nationwide launch expected by the end of July, pending system stability confirmation. Under the agreement approved by the Nigerian Communications Commission, 9mobile—serving around three million subscribers—will tap into MTN’s wide-reaching radio access infrastructure while continuing to operate its own […]

monwubukepdnlimited-com
4th July 2025
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News

How oil producers refused crude supply to Dangote, others – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that several oil producers resisted government directives last year to allocate part of their crude output to local refineries, including the Dangote Refinery. According to the commission’s report, the companies cited various reasons for their refusal and submitted formal letters either seeking waivers or explaining why they […]

monwubukepdnlimited-com
4th July 2025
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235 Views

Nike lays off tech workers, shifts work to external vendors

Business

Nike faces pressure to raise prices after US-Vietnam tariff hike

Nike Inc. may be forced to hike prices more than anticipated after a new U.S.-Vietnam trade deal reportedly raised import tariffs, an analyst said “Nike already plans surgical price increases, and we expect this plan to move forward, with potentially higher increases than prior plan,” Raymond James analyst, Rick Patel, wrote in a research note […]

monwubukepdnlimited-com
3rd July 2025
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290 Views

News

Nationwide blackout hits Zimbabwe after grid collapse

Zimbabwe experienced a nationwide electricity blackout on Thursday following a system failure that caused both of its power stations to stop generating electricity. This was disclosed in a press statement by the national power utility Zesa Holdings Ltd. Additionally, imports of electricity from South Africa, Zambia, and Mozambique were disrupted. “Restoration efforts are underway, and power […]

monwubukepdnlimited-com
3rd July 2025
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367 Views

News

Google launches Veo 3 video generation model globally

Google has begun the global rollout of its latest video generation model, Veo 3, making the AI-powered tool available to Gemini users in over 159 countries, the tech giant announced on Thursday. The advanced model, first unveiled in May, allows users to create short videos — up to eight seconds in length — using simple […]

aomenyepdnlimited-com
3rd July 2025
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419 Views

News

Nigeria excluded as Trump hosts African leaders in Washington

United States President Donald Trump has sidelined Nigeria as he hosts leaders from five African nations in Washington next week for talks centered on boosting commercial ties, a White House official confirmed on Wednesday. Presidents from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal will join Trump at the White House on July 9 for a roundtable […]

aomenyepdnlimited-com
3rd July 2025
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370 Views

Finance ministry demands legal basis for N680m NAICOM

NGX listed firms earned ₦179.5bn finance income in

Nigeria’s monthly data consumption hits record 1.5mTB in

NITDA urges regulatory collaboration to support emerging technologies

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Some Populer Post

Dangote Refinery alone not enough for Africa, says FG

Lagos warns of traffic around Pen Cinema ahead of

NYSC denies deal with NANS over ₦200 levy for

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

Zenith bank eyes Kenyan expansion with acquisition deal

Air France-KLM targets takeover of SAS next year

xAI secures permit for natural gas-powered supercomputer in US

Nigeria recorded zero piracy cases in three years – Oyetola

Expert applauds Nigeria’s bold economic reforms

AMCON sells 60% stake in Ibadan DisCo

MTN, 9mobile begin network-sharing trial ahead of July rollout

How oil producers refused crude supply to Dangote, others – NUPRC

Nike faces pressure to raise prices after US-Vietnam tariff hike

Nationwide blackout hits Zimbabwe after grid collapse

Google launches Veo 3 video generation model globally

Nigeria excluded as Trump hosts African leaders in Washington

Dangote Refinery alone not enough for Africa, says.

Lagos warns of traffic around Pen Cinema ahead.

NYSC denies deal with NANS over ₦200 levy.

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

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