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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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Airtel, MTN, others must get ad campaign approval - NCC
Tech

Telcos deploy $1bn network infrastructure to improve service quality

Nigeria’s top telecommunications firms have commenced major network upgrades, deploying $1 billion worth of equipment sourced from Chinese manufacturers to address persistent service quality challenges. The Nigerian Communications Commission confirmed that shipments have begun arriving, as mobile operators aim to meet a year-end deadline for delivering substantial improvements in service delivery, according to The Punch. […]

CAC to delete inactive companies in 90 days
Business

CAC launches AI-powered portal to simplify company registration

The Corporate Affairs Commission has launched a new Artificial Intelligence-powered registration portal designed to simplify company registration and speed up approval processes, as part of efforts to enhance Nigeria’s business environment. The Registrar-General/CEO, Hussaini Ishaq Magaji, SAN, announced the initiative during the Commission’s 2025 Stakeholders Forum held in Port Harcourt, according to a statement by […]

Tech

ECOWAS urges strong legal framework on AI usage in W’Africa

The Speaker of the ECOWAS Parliament, Hadja Ibrahima, has advocated for a robust legal framework to guide the development and deployment of Artificial Intelligence across West Africa. She made the call on Monday during a delocalised session of the Parliament’s Joint Committee on Education, Science, and Digital Innovation, held in Dakar, Senegal. The meeting, themed […]

ChatGPT’s AI image feature delayed for free users
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Cloudflare moves to protect web content from AI bots

Internet firm, Cloudflare will begin automatically blocking AI crawlers from accessing website content without the site owner’s consent or compensation, a shift that could disrupt how AI companies gather training data. Beginning Tuesday, all new domains registering with Cloudflare will be prompted to choose whether to allow AI bots, giving website owners more control over […]

News

Dangote refinery cuts petrol price to ₦840 ahead of marketers’ meeting

In a major development for Nigeria’s downstream oil sector, Dangote Refinery has slashed the ex-depot price of premium motor spirit, commonly known as petrol, from ₦880 to ₦840 per litre. The price reduction comes just ahead of an emergency meeting by the Independent Petroleum Marketers Association of Nigeria, scheduled for Tuesday, where a broader cut […]

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US-Africa business summit yields $2.5b in new deals

The United States has announced that the 17th US-Africa Business Summit generated over $2.5 billion in new deals and commitments between American and African partners. According to the US Department of State, the summit—held from June 22 to 25—brought together more than 2,700 leaders from the public and private sectors across both regions. The department […]

Aviation

FBI warns airline industry of ‘Scattered Spider’ cyber threat

The United States Federal Bureau of Investigation has warned that the notorious cybercriminal group, Scattered Spider is now targeting the airline industry. Although the bureau’s June 27 alert did not name any specific carriers, it followed closely on the heels of a cybersecurity breach reported by Hawaiian Airlines that disrupted its IT systems, according to […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
Tech

Google backs fusion power in landmark deal with CFS

Google has taken a significant step into the clean energy sector, announcing a strategic partnership with Commonwealth Fusion Systems, marking its first commercial commitment to fusion energy. The tech giant, will purchase 200 megawatts of clean fusion power from CFS’s ARC facility in Chesterfield County, Virginia, touted as the world’s first grid-scale fusion power plant. […]

News

Nigeria records 14,000 applications under new e-visa scheme

The Minister of Interior, Dr. Olubunmi Tunji-Ojo, has announced that Nigeria’s recently launched electronic visa (e-visa) system has processed over 14,000 applications in its first six weeks. He disclosed this on Monday at a stakeholder sensitisation workshop on key innovations introduced by the Nigeria Immigration Service in Abuja on Monday. He disclosed that the electronic […]

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
News

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings

Sterling Financial Holdings Company Plc has recorded a 102 per cent surge in profit after tax for the 2024 financial year, with earnings climbing to ₦43.68 billion—more than double the ₦21.58 billion reported in 2023. The company disclosed the development in its audited financial results for the year ended December 31, 2024, released on Sunday. […]

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