Business

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

  • 10th August 2026

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Nvidia unveils Nemotron 3.5 lightning as open-source AI debate

Tech

Anthropic to watermark AI-generated text under new EU rules

featured

Spotify introduces ‘AI Persona’ labels for AI-generated artists

Tech

Google Gemini surpasses 1b monthly active users

Tech

Blog

Tech

Amazon’s Ring unveils AI alerts for smart homes security 

Amazon’s Ring has introduced a new feature that uses artificial intelligence to send users notifications about unusual or suspicious activity near their homes. The AI analyzes motion detected by Ring doorbells and cameras and generates brief text summaries, which are delivered as alerts to users’ phones. Ring says the summaries highlight only the primary subject […]

Electricity

NERC transfers Abia electricity market oversight to state regulator

The Nigerian Electricity Regulatory Commission has officially transferred regulatory oversight of Abia State’s electricity market to the Abia State Electricity Regulatory Authority. This was disclosed in a statement posted on NERC’s official X (formerly Twitter) account on Wednesday. The Electricity Act mandates that any state seeking to manage and regulate its own electricity market must […]

Grieving widow sues Tesla over defective car model
Tech

Tesla struggles in Europe as cheaper Chinese EVs gain ground

Tesla’s new car sales in Europe declined for the fifth consecutive month in May, as more consumers opted for lower-cost Chinese electric vehicles, according to data from the European Automobile Manufacturers Association. The report, released Wednesday, showed Tesla delivered 13,863 vehicles across the EU, the UK, and the European Free Trade Association—marking a 27.9% drop […]

Agribusiness

Green imperative programme will transform Nigeria’s agriculture sector – Tinubu 

President Bola Tinubu has restated Nigeria’s strong commitment to enhancing bilateral relations with Brazil, describing the $1 billion Green Imperative Programme as a landmark initiative set to revolutionise the country’s agricultural sector through modern technology and capacity development. He made the remarks on Tuesday evening at the State House in Abuja during a meeting with […]

Sweden's Norrsken pledges €300m to 'AI for Good'
News

Sweden’s Norrsken pledges €300m to ‘AI for Good’

Sweden’s Norrsken Foundation announced on Wednesday a €300 million ($348 million) investment commitment to support European startups leveraging artificial intelligence for social impact across sectors such as climate, healthcare, food, education, and societal development. Founded in 2016 by Klarna co-founder Niklas Adalberth, the Norrsken Foundation operates a portfolio of venture capital and investment funds that […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX new dragon capsule sends four Ax-4 astronauts to ISS 

SpaceX’s latest Dragon capsule launched on its first mission early this morning (June 25), carrying four astronauts from the Ax-4 mission to the International Space Station on behalf of Axiom Space, a Houston-based company. The mission lifted off at 2:31 a.m. EDT (0631 GMT) atop a SpaceX Falcon 9 rocket from Launch Complex 39A at […]

Aviation

Airline operators hail Keyamo’s aviation industry reforms

The Airline Operators of Nigeria has commended the Minister of Aviation and Aerospace Development, Festus Keyamo, describing him as a “God-sent” figure to the nation’s aviation sector. In a statement signed by AON Vice President Allen Onyema, the group lauded Keyamo’s proactive and reform-oriented leadership since he assumed office in August 2023, noting his efforts […]

El Salvador moves Bitcoin to offline vault
Crypto

Bitcoin hits $105,000 after Iran-Israel ceasefire

Cryptocurrency prices rose on Tuesday after President Trump announced a ceasefire between Iran and Israel. Bitcoin surged past $105,000 by midday, Ether reclaimed the $2,400 level, and XRP advanced to $2.19. Markets saw a wave of risk-on activity Tuesday, with stocks rallying on news of Mideast de-escalation. Adding to the momentum, U.S Republican senators introduced […]

UAE cancels Airbus H225M helicopters deal
featured

NAMA warns oil firms over unpaid $300 helicopter levy

The Nigerian Airspace Management Agency has issued a strong warning to oil and gas companies over their continued failure to pay the mandatory $300 helicopter landing levy. The agency threatened to impose strict sanctions on defaulters, including withholding flight clearances and potentially shutting down non-compliant operations. In accordance with its statutory mandate, the NAMA has […]

Mastercard beats profit forecast as travel, leisure spending rises
Business

US judge rejects $30b Visa, Mastercard swipe fee settlement

A United States federal judge on Tuesday threw out a proposed $30 billion settlement between Visa, Mastercard, and U.S. retailers, signaling that the credit card giants may need to offer greater concessions to end their long-running swipe fee dispute. The deal, unveiled in March, sought to lower the interchange fees merchants pay on credit card […]

Cryptocurrency stocks climb as Ether hits six-month high
News

South Korea to gradually introduce stablecoins through regulated banks

South Korea’s central bank has signaled a cautious but deliberate move toward the introduction of stablecoins tied to the Korean won, starting with the country’s tightly regulated commercial banking sector. At a press conference this week, Ryoo Sang-dai, Senior Deputy Governor of the Bank of Korea, emphasized that it would be “desirable to first allow […]

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