Business

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

Blog

US senators demand Meta probe over chatbot child safety concerns
News

Facebook videos to become reels as Meta makes content shift

Meta Platforms, the parent company of Facebook and Instagram, announced on Tuesday that all new videos uploaded to Facebook will soon be categorized as Reels, marking a significant shift in how video content is published and consumed on the platform. Under the new policy, Reels on Facebook will no longer be restricted by length or […]

TikTok launches campus verification to help students connect
News

Trump signals possible extension for TikTok sale deadline 

U.S. President Donald Trump indicated on Tuesday that he is likely to extend the deadline for China-based ByteDance to divest the U.S. operations of the popular short video app TikTok. Speaking to reporters aboard Air Force One, Trump reaffirmed his previous statements in May about postponing the June 19 deadline. The president cited TikTok’s influence […]

News

Musk’s xAI near $5bn debt deal amid lukewarm investors demand

Elon Musk’s artificial intelligence startup, xAI, is expected to finalize a $5 billion debt raise this week, despite lukewarm interest from investors, according to sources familiar with the matter. The financing package—led by Morgan Stanley—comprises a floating-rate term loan, a fixed-rate loan, and secured bonds. Allocation to investors is scheduled for Wednesday, said two individuals […]

Tech

Corporate workforce to shrink as AI adoption rises – Amazon CEO

Amazon CEO Andy Jassy announced on Tuesday that the company’s corporate workforce will gradually shrink over the coming years as it increasingly adopts generative artificial intelligence tools and agents. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs,” Jassy said in […]

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
Banking

Fidelity Bank denies N5b bribery allegation against CEO

Fidelity Bank has dismissed reports alleging that its Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, paid a N5 billion bribe to avoid police detention. In an official statement, the bank clarified that Dr. Onyeali-Ikpe was asked to sign a N5 billion bail bond in connection with an ongoing police investigation into the account of a […]

Business

Lagos call-up fee could trigger petrol price hike, IPMAN warns

The Independent Petroleum Marketers Association of Nigeria has cautioned that the Lagos State Government’s new N12,500 electronic call-up parking fee could lead to a rise in petrol pump prices. IPMAN’s National Publicity Secretary, Chinedu Ukadike, made this known in an interview on Tuesday in Lagos, according to News Agency of Nigeria. He urged the government […]

Oil and Gas

Oil prices surge as Trump urges Tehran evacuation

Crude oil prices climbed over 2% on Tuesday following a call by former President Donald Trump for the evacuation of Tehran, as Israel and Iran exchanged strikes for a fifth consecutive day. United States crude for July delivery had gained $1.58, or 2.2%, to reach $73.35 per barrel, while Brent crude for August rose $1.82, […]

U.S. fintech Wave enters Cameroon’s mobile money market
News

U.S. fintech Wave enters Cameroon’s mobile money market

U.S.-based fintech startup Wave officially launched its mobile payment services in Cameroon on June 11, 2025, marking its entry into one of Central Africa’s most dynamic mobile money markets. The launch follows a partnership with Commercial Bank Cameroon, which will give CBC clients access to Wave’s full suite of services. These include cash deposits and […]

FG secures $163m AfDB loan for wheat production
Business

ASIF: FG launches platform to boost investments across Africa

The Federal Government of Nigeria has introduced the ASIF Investment Platform, a flagship initiative aimed at catalyzing high-impact investments in infrastructure, renewable energy, manufacturing, and healthcare across Africa. Launched at the 4th Annual Meeting of the Africa Sovereign Investors Forum in Abuja, the platform is designed to mobilize local capital and attract global funding for […]

Dangote Refinery's polypropylene to enter market
Business

Dangote refinery takes delivery of 4,000 CNG trucks

Dangote Refinery has received new 4,000 Compressed Natural Gas-powered trucks to kick-start its nationwide fuel distribution operations. The delivery of the trucks signals a key move in the company’s plan to launch large-scale distribution of Premium Motor Spirit and diesel nationwide, beginning August 15, 2025. The company in a statement on Sunday announced it will […]

News

Safaricom loses trillion-dollar valuation days after rise

Kenya’s largest telecom operator, Safaricom, has slipped below the trillion-shilling mark just days after briefly reclaiming the coveted status. On June 12, the company hit a KES 1 trillion ($7.7 billion) market capitalization for the first time since October 2022, becoming the most valuable company on the Nairobi Securities Exchange. However, as of market close […]

OpenAI mulls $500bn valuation in employee share sale talks
News

US, OpenAI sign $200m deal to integrate AI into military operations

The U.S. Department of Defense has signed a $200 million contract with OpenAI to develop and deploy advanced artificial intelligence tools aimed at bolstering national security and modernizing military operations. The agreement marks the San Francisco-based AI company’s first formal collaboration with the federal government. Known for creating ChatGPT, OpenAI will now work closely with […]

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