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

AU faults Fitch’s downgrade of Afreximbank
News

AU faults Fitch’s downgrade of Afreximbank

The African Peer Review Mechanism has criticised the recent downgrade of the African Export-Import Bank (Afreximbank) by global credit rating agency Fitch Ratings, describing the decision as flawed and legally unsound. Fitch last week downgraded Afreximbank’s long-term issuer default rating from ‘BBB’ to ‘BBB-’ with a negative outlook, citing rising credit risks and concerns over […]

Stock investors gain N3.4tn in shortened trading week
News

Nigerian stock market gains N1.81tn in bullish week amid Eid break

The Nigerian Exchange ended the first week of June on a bullish trajectory, adding a substantial ₦1.81 trillion to investors’ wealth, despite a shortened trading window due to the Eid-el-Kabir holidays. The All-Share Index climbed 2.57 per cent to close at 114,616.75 points, while market capitalisation rose from ₦70.465 trillion to ₦72.275 trillion. Market analysts […]

Boeing probes cyber attack
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Boeing plane returns to China as Trumps tariffs relax

Boeing has restarted deliveries of its 737 MAX aircraft to Chinese customers, with a new plane landing in China on Monday, signaling a thaw in U.S.-China trade tensions. Flight tracking data from Flightradar24 showed the Xiamen Airlines-liveried jet touching down at Boeing’s Zhoushan completion center near Shanghai after a transpacific journey from Seattle, with refueling […]

Two Chinese charged for shipping US AI chips to China
Business

UK regulator partner Nvidia to allow banks experiment with AI

Britain’s financial regulator, the Financial Conduct Authority, announced on Monday a new collaboration with U.S. chipmaker Nvidia to help banks safely explore the use of artificial intelligence. As part of the initiative, the FCA will launch a “Supercharged Sandbox” — a regulatory testing environment designed to provide financial firms with enhanced access to high-quality data, […]

News

Africa to launch credit rating agency by September

A new Africa-led credit rating agency, the African Credit Rating Agency, is set to launch by the end of September 2025, offering an alternative to the dominant global firms—Fitch, Moody’s, and S&P. Backed by the African Union through its African Peer Review Mechanism, AfCRA aims to provide credit assessments that better reflect African realities and […]

Tech

OpenAI CEO launches eye-scanning identity verification project in UK

World, the biometric identity verification project co-founded by OpenAI CEO Sam Altman, is launching in the United Kingdom this week. The system uses a spherical device called the Orb to scan people’s eyes for identity verification. It will be available in London starting Thursday and plans to expand to other major U.K. cities like Manchester, […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Business

Nigeria partners Australia to promote research, capacity building in mining 

The Ministry of Solid Minerals Development has launched a capacity-building programme for Nigerian mining professionals at Murdoch University in Australia. The two-week training, which began on June 8, 2024, is part of a bilateral agreement between Nigeria and Australia, with support from the Commonwealth of Nations. The initiative aims to bridge skill gaps in Nigeria’s […]

US court jails Nigerian hacker for $2.5m identity theft
News

US court jails Nigerian hacker for $2.5m identity theft

A United States court has sentenced a Nigerian national, Kingsley Utulu, to five years and three months in prison for his involvement in a large-scale identity theft and cyber fraud scheme that defrauded U.S. tax authorities and citizens of more than $2.5 million. The sentence was announced over the weekend by U.S. Attorney for the […]

Transcorp Power emerges top NGX weekly gainer
News

NGX targets NNPC, Dangote Petrochemicals for listing

The Nigerian Exchange Group has revealed plans to pursue new listings across key sectors, with a focus on the public, oil and gas industries. NGX Group Chairman, Dr. Umaru Kwairanga, made the disclosure at the FLOC 2025 Summit in Kano, highlighting the Nigerian National Petroleum Company Limited and Dangote Petrochemicals as primary listing targets. In […]

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Oil firms rush to convert licences before June deadline – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has confirmed that several holders of Petroleum Prospecting Licences have submitted formal applications to convert their licences to Petroleum Mining Leases. This development comes as about 40 PPLs issued in June 2022 approach their expiration date of June 27, 2025. Thid was disclosed in a statement by NUPRC, clarifying […]

US senators demand Meta probe over chatbot child safety concerns
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Meta in talks to invest over $10b in startup Scale AI

Meta Platforms is reportedly in advanced discussions to invest over $10 billion in Scale AI, a fast-growing artificial intelligence data labeling startup. The deal, which could significantly bolster Meta’s AI capabilities, remains under negotiation and terms may still shift, sources familiar with the matter, according to Bloomberg. Founded in 2016, Scale AI has emerged as […]

Business

Afreximbank unveils plan to revolutionise healthcare across Africa

The African Export-Import Bank has unveiled an ambitious plan to transform healthcare delivery across Africa by establishing cutting-edge medical facilities throughout the continent. The initiative aims to strengthen Africa’s healthcare system and curb the annual loss of over $1–$2 billion spent on outbound medical tourism. In an interview with pressmen in Abuja, Afreximbank’s Managing Director […]

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