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

White House unveils AI policy for US global dominance
News

White House orders review of SpaceX contracts amid Trump–Musk feud

The White House has ordered a sweeping review of SpaceX’s federal contracts, amid a public fallout between President Donald Trump and billionaire Elon Musk. The order, issued earlier this month, instructs the Pentagon and NASA to scrutinize SpaceX’s deals—worth approximately $22 billion—signaling potential retaliation against Musk and his companies. The move follows Trump’s threat last […]

TikTok deal talks with China to begin next week - Trump
News

Donald Trump earns $600m from crypto, others in 2024

United States President Donald Trump reported more than $600 million in income for 2024, driven by cryptocurrency ventures, golf resorts, licensing deals, and real estate, according to a financial disclosure released Friday. A Reuters analysis estimates Trump’s assets at a minimum of $1.6 billion. The filing shows major income from his growing crypto interests, including […]

The British government has entered a strategic partnership with OpenAI, the American firm behind ChatGPT, to enhance collaboration on artificial intelligence
News

OpenAI to maintain ties with Scale AI despite Meta’s acquisition

OpenAI plans to continue working with Scale AI even after rival tech giant Meta agreed to acquire a 49% stake in the artificial intelligence startup for $14.8 billion, the company’s Chief Financial Officer, Sarah Friar, said Friday at the VivaTech conference in Paris. Scale AI, known for providing large volumes of curated and labeled data […]

News

ACCI urges Nigeria, others to maximise space economy opportunities

President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu, SAN, has affirmed that Nigeria and other African countries are prepared to unlock the economic opportunities within the space sector. Speaking on the upcoming second edition of the Africa Space Economy Conference and Exhibition, Obegolu urged the Federal Government and other African governments […]

Tesla partners Baidu to enhance self-driving system
Tech

Tesla’s robotaxi lauch sparks protest in US

Public safety advocates and political activists in the United States are pushing back, as Elon Musk eyes June 22 for the pilot launch of Tesla’s robotaxi service in Austin, Texas.  Demonstrators gathered downtown Texas on Thursday, citing concerns over Tesla’s self-driving technology and Musk’s ties to the Trump administration. Groups like the Dawn Project, Tesla […]

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CBN orders struggling banks to halt dividends, bonuses

The Central Bank of Nigeria has mandated banks under regulatory forbearance to halt dividend payouts, postpone executive bonuses, and suspend investments in foreign subsidiaries or offshore ventures. This measure is part of a broader effort to bolster capital reserves, strengthen financial stability, and encourage prudent capital retention within the banking industry. The directive specifically targets […]

Business

FG seeks technical, financial help to revive Ajaokuta steel

The Federal Government on Friday announced new efforts to revive the long-dormant Ajaokuta Steel Company—an asset seen as central to Nigeria’s industrial development and job creation plans. As part of the renewed push, the government has opened high-level negotiations with major Chinese steel conglomerates to secure technical expertise, financial support, and strategic partnerships aimed at […]

Aviation

Woman misses doomed Air India flight by 10 minutes

A woman expressed gratitude to God after heavy traffic caused her to miss the doomed Air India flight by just 10 minutes. Bhoomi Chauhan, who lives in London, was set to fly out on June 12 but missed her flight after arriving late to Ahmedabad Airport. On Thursday, Air India Flight AI171 went down shortly […]

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Israel shuts embassies globally after striking Iran

Israel has ordered the closure of its embassies worldwide and urged its citizens to remain alert, after launching a major attack on Iran. In notices posted on embassy websites on Friday, Israeli authorities advised nationals abroad to avoid public displays of Jewish or Israeli identity, such as wearing symbols or carrying flags, citing heightened security […]

Meta hires Scale AI CEO in $14.3bn deal
News

Meta hires Scale AI CEO in $14.3bn deal

Meta has hired Scale’s 28-year-old CEO, Alexandr Wang to lead a new division after acquiring a 49% stake in Scale AI for $14.3 billion, valuing the San Francisco-based data-labeling startup at $29 billion. Meta confirmed that Wang will now lead its newly established “superintelligence” division, a strategic move expected to bolster the company’s efforts in […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
News

Key sectors to benefit from banking recapitalisation

The marine and blue economy, entertainment and arts, as well as the hospitality sectors, have been identified as key beneficiaries of Nigeria’s ongoing banking sector recapitalisation. This was revealed in the newly released fourth edition of Proshare’s Tier 1 Banks Report, titled “Getting Bigger, Braver and Dominant: The Class of 2025,” launched on Wednesday. In […]

Uncategorized

FG moves to revoke dormant oil licences

The Nigerian Upstream Petroleum Regulatory Commission has announced plans to enforce the ‘drill or drop’ policy, which requires oil producers to either begin developing allocated oil blocks or relinquish them. NUPRC Chief Executive, Gbenga Komolafe, made this known during a recent meeting with representatives of the Independent Petroleum Producers Group at the commission’s headquarters in […]

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