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UNILAG, Lotus Bank face NDPC probe over students

  • 12th August 2026

NITDA partners Canadian tech firms on AI, digital

  • 12th August 2026

Tinubu unveils reform to unlock $50bn deep offshore

  • 12th August 2026

Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

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UNILAG, Lotus Bank face NDPC probe over students data

Business

Cybercriminals hacking victims’ online accounts to steal intimate photos

Tech

NCAA plans real-time baggage tracking for air passengers

Aviation

NITDA partners Canadian tech firms on AI, digital innovation

Business

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Business

NIBSS unveils advanced digital platform to modernise, enhance payments

The Nigeria Inter-Bank Settlement System has launched the National Payment Stack, a new digital infrastructure designed to modernise and enhance instant payments nationwide. Building on the foundation of the NIBSS Instant Payments platform introduced 14 years ago—the first real-time, account-based payment system in Africa—the NPS aims to deliver faster, more secure, and scalable digital transactions […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft to cut workforce amid AI investment push

Microsoft is set to lay off thousands of employees, primarily in its sales division, as part of a broader effort to streamline operations and ramp up investment in artificial intelligence. The planned cuts follow a previous round in May, which saw about 6,000 roles eliminated, Bloomberg reported Wednesday, citing sources familiar with the matter. The […]

The European Commission has accepted a set of binding commitments from Alibaba’s AliExpress in response to concerns over the dissemination of illegal and pornographic materials on its platform, the EU’s executive arm announced on Wednesday. The decision follows an investigation launched in March, which focused on AliExpress’s failure to adequately prevent and remove prohibited content, including unregulated medicines, food supplements, and adult material. The inquiry raised the possibility of a significant fine under the EU’s Digital Services Act (DSA). In a statement, the Commission said it had endorsed a series of “wide-ranging commitments” by the Chinese e-commerce giant, making them legally binding. These include strengthened systems for monitoring and detecting illegal products, greater transparency in advertising and algorithmic recommendations, and enhanced traceability of third-party sellers on the platform. However, regulators warned that AliExpress could still face penalties. The Commission's preliminary findings suggest that the company underestimated the risks posed by illegal content and failed to adequately sanction repeat offenders among its traders. AliExpress retains the right to respond to these findings. “We have proactively engaged and closely collaborated with the European Commission throughout this process from the outset, and we will continue to do so,” AliExpress said in a statement. “We are confident that a positive and compliant result will be achieved through continuing our mutual dialogue with the Commission to address any remaining concerns.” The case marks one of the first major enforcement actions under the Digital Services Act, which requires large online platforms to take stronger steps against the spread of harmful and illegal content in the EU digital market.
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EU forces Alibaba’s AliExpress to tighten content controls

The European Commission has accepted a set of binding commitments from Alibaba’s AliExpress in response to concerns over the dissemination of illegal and pornographic materials on its platform, the EU’s executive arm announced on Wednesday. The decision follows an investigation launched in March, which focused on AliExpress’s failure to adequately prevent and remove prohibited content, […]

Iran crypto exchange loses $90m in cyberattack
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Iran crypto exchange loses $90m in cyberattack

A powerful cyberattack has targeted Nobitex, one of Iran’s largest cryptocurrency exchanges, wiping out nearly $90 million worth of digital assets in what appears to be a politically motivated strike. The hacking group Gonjeshke Darande, or “Predatory Sparrow,” claimed responsibility for the breach early Wednesday, marking its second major operation in two days. The group, […]

Cryptocurrency stocks climb as Ether hits six-month high
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US senate passes bill to regulate stablecoins amid corporate interest

The United States Senate has approved landmark legislation to regulate stablecoins, signaling a major shift in how the federal government approaches a fast-growing segment of the cryptocurrency industry. The bill, known as the GENIUS Act, now awaits passage in the House of Representatives before heading to President Donald Trump for final approval. Stablecoins — digital […]

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Uber-owned Careem to exit Pakistan as economic pressures mount

Careem, the Middle East-based ride-hailing firm owned by Uber, will suspend operations in Pakistan from July 18, marking the end of a nearly decade-long presence in a market it helped transform. The company cited economic challenges, heightened competition, and constrained capital as reasons for the shutdown, reflecting broader struggles within Pakistan’s digital economy. “This was […]

FG terminates Benin–Warri road contract over abandonment
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FG terminates Benin–Warri road contract over abandonment

The Federal Government has terminated the contract awarded to Levant Construction Limited for the reconstruction of the Benin–Sapele–Warri highway, citing the contractor’s failure to execute the project. Minister of Works, David Umahi, announced the decision on Tuesday in Abuja after meeting with contractors under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme. He […]

Business

PZ Cussons quits Nigeria palm oil business, sells $70m stake

PZ Cussons PLC has formally announced its exit from Nigeria’s palm oil sector following a definitive agreement with Wilmar International Limited. Under the terms of the deal, Wilmar will acquire PZ Cussons’ 50% equity stake in their joint venture, PZ Wilmar Limited, for a cash consideration of $70 million. The development was revealed in a […]

Netflix unveils first use of generative AI in original series
Tech

Netflix, TF1 ink deal to stream live, on-demand content

Netflix and TF1 have announced a new partnership that will allow Netflix to stream both live and on-demand content from the French broadcaster in France. Starting in summer 2026, the deal will include access to TF1’s free-to-air channels and its streaming platform, TF1+. This marks a major step in Netflix’s expansion strategy in France, adding […]

Aviation

FAAN urges increased private investment in airport operations 

The Managing Director of the Federal Airports Authority of Nigeria, Olubunmi Kuku, has emphasized the need for increased private sector involvement in airport operations across the country. She also highlighted the importance of transparency, better staff welfare, and urgent reforms to boost revenue generation. During a stakeholder meeting in Abuja, Kuku reassured participants that both […]

News

NNPCL, Mele Kyari deny wrongdoing in Tantita pipeline contract award

The Nigerian National Petroleum Company Limited, its former CEO Mele Kyari, and others have filed a counter-affidavit denying allegations by the Incorporated Trustees of the AGIP Indigenous Contractors Association and others, who accused them of unlawfully awarding a pipeline surveillance contract to Tantita Security Services Limited in the Niger Delta. This was disclosed in a […]

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