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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

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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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Economy

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Xiaomi faces backlash over delay for new YU7 electric SUV
News

Xiaomi faces backlash over delay for new YU7 electric SUV

Chinese tech giant Xiaomi is facing a wave of consumer backlash after announcing that buyers of its newly launched YU7 electric SUV may have to wait more than a year to receive their vehicles. The company, which entered the electric vehicle market last year, revealed that it received approximately 240,000 orders within the first 18 […]

Grammarly acquires Superhuman to bolster AI-powered productivity suite
News

Grammarly acquires Superhuman to bolster AI-powered productivity suite

Writing assistant platform Grammarly has acquired Superhuman, a high-performance email tool, as part of its strategic push to expand into artificial intelligence-powered productivity software. The deal marks a significant step in Grammarly’s efforts to diversify beyond its core grammar-checking services. While the San Francisco-based companies did not disclose the transaction’s value, Superhuman was last valued […]

Apple to launch Vision Pro outside US
Tech

Apple sues former engineer over trade secrets theft

Apple has filed a lawsuit accusing a former senior design engineer, Di Liu, of stealing trade secrets related to its Vision Pro headset before joining Snap. In the June 24 filing, Apple alleges Liu downloaded thousands of confidential documents in his final days at the company and stored them in personal cloud accounts. The lawsuit […]

Crypto

Tech, Crypto startups challenge Visa, Mastercard’s payment dominance

Tech firms and crypto start-ups are targeting the long-held turf of Visa and Mastercard, using stablecoins — a new form of digital currency — to offer merchants a compelling alternative: lower fees, quicker settlements, and the ability to sidestep traditional payment networks altogether. This marks both a technological and financial challenge. Stablecoins, typically pegged to […]

Nigerian lawyer makes history as first African in space
News

Nigerian lawyer makes history as first African in space

Owolabi Salis, a Nigerian-born lawyer and politician, has made history as the first Nigerian to travel to space. Salis was one of six passengers aboard Blue Origin’s NS-33 suborbital flight, which launched successfully from West Texas on Sunday. The brief but historic mission, operated by Jeff Bezos’ aerospace company, lasted 10 minutes and reached an […]

Business

English Premier League adopts Microsoft AI into fan app 

The English Premier League has announced a five-year partnership with Microsoft to bring artificial intelligence to its digital platforms. Under the deal, Microsoft’s Copilot AI will be integrated into the Premier League app, giving fans AI-powered access to over 300,000 articles, 9,000 videos, and a comprehensive archive of league statistics dating back to 1992. Future […]

MTN Nigeria enters cloud market with $100m data centre launch
News

MTN Nigeria enters cloud market with $100m data centre launch

MTN Nigeria has completed the first phase of its $235 million Dabengwa Sifiso Data Centre, marking its official entry into Nigeria’s commercial data hosting and cloud services sector. The newly launched Phase 1 of the Tier III facility features a 4.5MW IT load, spans three floors, houses 780 server racks, and cost $100 million to […]

FG plans naira payment for local gas operators
Oil and Gas

Nigeria’s gas output dips slightly in May – NNPCL

The Nigerian National Petroleum Company Limited has reported a slight decline in the country’s gas production, which fell to 7.352 billion standard cubic feet per day in May 2025, down from 7.354 billion bscfd in April. According to NNPC’s latest Monthly Report Summary released on Monday, gas sales also dropped marginally, from 4.240 billion bscfd […]

Elon Musk’s xAI secures $10bn in funding to expand AI
News

Elon Musk’s xAI secures $10bn in funding to expand AI

Elon Musk’s artificial intelligence startup, xAI, has successfully raised $10 billion through a combination of debt and equity financing, global investment bank Morgan Stanley announced on Monday. The funding includes a $5 billion debt package—comprising secured notes and term loans—and an additional $5 billion in strategic equity investment. According to Morgan Stanley, the debt offering […]

Meta plans fourth AI overhaul in six months
News

Meta launches ‘Superintelligence labs’ in AI overhaul

Meta has restructured its artificial intelligence operations under a new division called Meta Superintelligence Labs, in a bold effort to accelerate its pursuit of artificial general intelligence, Reuters reported on Monday. The new unit will be led by Alexandr Wang, former CEO of Scale AI, who now takes on the role of Chief AI Officer […]

InDrive introduces bank transfer feature in Nigeria
News

InDrive pushes for driver safety at Lagos summit

InDrive, a global mobility and urban services platform, has convened its second Safety Education Summit in Lagos, uniting regulators, government agencies, and industry leaders to explore ways technology and collaboration can enhance urban mobility safety. The summit fostered meaningful discussions on leveraging digital innovation, data sharing, and multi-stakeholder partnerships to improve protections for drivers and […]

Local oil and gas operators increased from 53 in 2018 to 114 in 2023 - NCDMB
Business

Nigeria finalizes first policy to boost local oil content

The Nigerian Content Development and Monitoring Board has announced it is finalising the Nigeria First Procurement Policy, a new framework aimed at strengthening local content participation across the oil and gas value chain and promoting national energy sufficiency. Speaking at the 24th Nigerian Oil and Gas Energy Week in Abuja on Monday, NCDMB Executive Secretary, […]

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