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ARCON to probe 9mobile’s alleged N1b advertising debt dispute

The Advertising Regulatory Council of Nigeria announced on May 30, 2025, that it will investigate Emerging Markets Telecommunications Services Limited, operating as 9mobile, over allegations of owing N1 billion for outstanding advertising services. The investigation follows the receipt of two petitions concerning 9mobile’s long overdue debt. As a member of the Advertisers Association of Nigeria, […]

News

Nigeria falls to 66th in 2025 Global Startup ecosystem ranking

Nigeria has dropped to 66th place in the 2025 Global Startup Ecosystem Index by StartupBlink, falling two spots from 64th in 2024. In Africa, Nigeria now ranks fourth, showing the slowest growth—less than 6%—among the continent’s top seven startup hubs. StartupBlink ranks countries based on the level of startup activity, the impact and success of […]

NITDA to develop blockchain "Nigerium" for data Security
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Tech is key to curbing corruption, govt inefficiencies – NITDA

The Director-General of the National Information Technology Development Agency, Kashifu Inuwa Abdullahi, has reaffirmed the importance of technology in combating corruption and driving efficiency in government operations. Abdullahi made this disclosure in a keynote address delivered on his behalf by the Assistant Director of Stakeholder Management and Partnerships at NITDA, Dr. Olufemi Adeluyi, during the […]

Nigerian telecom users may pay higher charges in new tax law
Telecommunications

Network outages hit Kebbi, Sokoto, Zamfara as MTN, 9mobile suffer fibre cuts

Residents of Kebbi, Sokoto, and Zamfara states in Nigeria are currently experiencing network outages due to simultaneous fibre cuts affecting MTN and 9mobile. According to the Nigerian Communications Commission, the fibre cuts occurred around 7:09 pm on Thursday, May 29, 2025, and the disruption is still ongoing. As a result, people in the affected areas […]

Business

French football giants PSG integrates bitcoin into treasury

Paris Saint-Germain, one of the world’s most prominent football clubs, has made a historic move by integrating Bitcoin into its financial strategy, allocating a significant portion of its fiat reserves to the cryptocurrency. Announced just days before PSG’s UEFA Champions League final, this groundbreaking decision marks a transformative shift in the convergence of sports, digital […]

Grammarly acquires Superhuman to bolster AI-powered productivity suite
News

Grammarly secures $1bn funding to expand AI capabilities

Writing software company Grammarly has secured $1 billion in non-dilutive financing from General Catalyst to accelerate the growth of its artificial intelligence platform and expand its reach as a workplace productivity tool, the companies announced Thursday. The funding, one of the largest investments from General Catalyst’s Customer Value Fund, will allow Grammarly to invest heavily […]

Xiaomi unveils new electric SUV to challenge Tesla Model Y
News

Xiaomi unveils new electric SUV to challenge Tesla Model Y

Chinese tech giant Xiaomi took another bold step into the electric vehicle market on Thursday with the launch of its new SUV, the YU7, at 13 showrooms across Beijing. The unveiling marks Xiaomi’s continued push to compete with Tesla in the world’s largest car market. The YU7 follows the success of Xiaomi’s debut sedan, the […]

US drops lawsuit against Binance
News

US drops lawsuit against Binance

The United States Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, in a move seen as part of a broader shift in regulatory strategy under President Donald Trump’s renewed leadership. A joint stipulation of dismissal, signed by attorneys for the SEC, Binance, and Binance founder […]

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Private sector credit hits ₦77.9tn in April 2025

Credit to Nigeria’s private sector climbed to ₦77.9 trillion in April 2025, up from ₦76.2 trillion in March, according to the latest figures from the Central Bank of Nigeria. The April total also surpassed the ₦77.38 trillion recorded in January and ₦76.26 trillion in February, highlighting a consistent upward trend in private sector lending over […]

FG deducts N256.5bn for gas projects in six months
News

Tinubu signs order to cut costs, boost Nigeria’s oil investment

President Bola Tinubu has signed an Executive Order designed to reduce costs in oil and gas projects, enhance government revenue, and speed up investment inflows into Nigeria’s energy sector. According to a statement released Thursday by the Office of the Special Adviser to the President on Energy, the order implements comprehensive fiscal reforms that emphasize […]

Business

MAN calls for legal backing of ‘Nigeria First’ policy

The Manufacturers Association of Nigeria has urged the Federal Government to enact the Nigeria First Policy into law to strengthen the manufacturing sector. In his keynote address at the 2025 BusinessDay Manufacturing Conference in Lagos on Thursday, MAN Director-General Segun Ajayi-Kadir emphasized that formalizing the procurement policy through legislation would ensure its consistent implementation across […]