Blog

Startup Cluely raises $15m for interviews, exams AI tools expansion
News

Startup Cluely raises $15m for interviews, exams AI tools expansion

Cluely, a startup that openly markets its AI-powered tools as a way to “cheat” during job interviews, exams, and sales calls, has secured $15 million in Series A funding. The round was led by Silicon Valley giant Andreessen Horowitz, the company announced on Friday via a video posted on X (formerly Twitter). While the company […]

Toyota’s global production declines for 10th consecutive month
Business

Toyota to hike US vehicle prices by $200 in July

Toyota Motor Corp. will increase prices on select vehicles in the U.S. by over $200 beginning next month. Prices for certain Toyota and Lexus models will rise by an average of $270 and $208, respectively, starting next month, Toyota spokesman Nobu Sunaga said in an email on Saturday. “The latest price hike is part of […]

New SEC regulation to enhance transparency in bank recapitalization
featured

SEC bans independent directors from becoming CEOs

The Securities and Exchange Commission has prohibited independent non-executive directors from assuming executive positions—such as chief executive officer—within the same company or corporate group. In a circular dated June 20, 2025, the SEC outlined its stance on the “Transmutation of Independent Non-Executive Directors and Tenure of Directors,” notifying all public companies and capital market operators. […]

Meta cuts prices for VR headset second time in 2024
Tech

Meta unveils $399 ‘performance AI’ Oakley smart glasses for athletes

Meta and EssilorLuxottica on Friday introduced a new line of Oakley smart glasses, featuring Meta’s built-in AI assistant. Named the Oakley Meta HSTN, the device is the latest innovation to emerge from the companies’ ongoing multiyear collaboration. The HSTN smart glasses — pronounced “how-stun” — are designed with athletes in mind and start at $399. […]

Coinbase restores services after global outage
Crypto

Coinbase secures EU license, names Luxembourg regional crypto hub

Coinbase has secured a license from Luxembourg to offer cryptocurrency services across the European Union, designating the country as its central hub in the region. This move expands upon its existing European operations, which have been based in Ireland since 2023, according to CNBC. Coinbase announced Friday it has secured a Markets in Crypto-Assets license […]

Bluesky briefly suspends US VP JD Vance’s account
News

Bluesky briefly suspends US VP JD Vance’s account

United States Vice President JD Vance faced a brief suspension on Bluesky shortly after joining the decentralized social network on Wednesday evening. The incident, which sparked confusion among users, was quickly resolved, with the platform attributing the action to an automated system designed to flag potential impersonation attempts. “Vice President Vance’s account was briefly flagged […]

Dangote Refinery's polypropylene to enter market
Oil and Gas

Dangote refinery turns to US crude imports amid rising demand

The President of the Dangote Group, Aliko Dangote, revealed that the refinery has increasingly depended on crude oil imports from the United States in recent months to maintain operations. Dangote made this disclosure on Thursday during a visit by the technical committee of the one-stop shop for the naira-for-crude initiative to the facility. He stressed that […]

Nigeria to develop cNGN Stablecoin in 2024 - Report
Crypto

Nigeria tops global stablecoin adoption in 2025 – Report

Nigeria has been ranked as the world’s top country for stablecoin adoption in the newly released 2025 Report on the State of Digital Assets Regulation in Africa by Yellow Card. The report also places Nigeria second globally in overall digital asset usage, just behind India, according to the licensed African stablecoin payments provider. Touted as […]

UK job vacancies drop 23%, signaling economic slowdown
Business

Nigeria retains 99% duty-free access to UK market

The United Kingdom has reaffirmed Nigeria’s eligibility for duty-free access on 99% of its exports under the Developing Countries Trading Scheme, a post-Brexit initiative designed to strengthen trade with developing nations. The reassurance comes amid rising global trade tensions following the United States’ recent imposition of broad tariffs. In a statement released Friday, the British […]

News

Heineken exits facilities in Eastern Congo amid unrest

Heineken announced on Friday that it has lost control of its operations and withdrawn staff from its facilities in conflict-ridden parts of eastern Democratic Republic of Congo. The beverages had previously stated in March that it was suspending operations in three eastern cities after several of its breweries were damaged and depots looted during clashes […]

News

FG launches REV-OP to reform public financial management

The Federal Government of Nigeria has introduced the Revenue Optimization and Assurance Project, a transformative initiative aimed at strengthening public financial management. Through a technology-driven approach, the project seeks to curb revenue leakages, enhance transparency, and promote sustainable economic development. The project was unveiled at a high-level session held at the Ministry of Finance headquarters […]