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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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PwC flags gaps in new NRS virtual asset

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Nigeria’s exports to China jump 80% to $2.3bn

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Anthropic revenue soars 1,360% ahead of planned IPO

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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AI-driven cyberattacks surge 56% – IBM

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BUA cement announces revised date for ₦2.05 dividend payout

BUA Cement Plc has announced a new payment date for its final dividend of ₦2.05 per 50 kobo ordinary share. The dividend will now be paid on July 21, 2025, replacing the previously scheduled date announced on February 28, 2025. According to the group, the dividend—originally scheduled for distribution to registered shareholders on August 28, […]

Airtel Africa swings to $661m pre-tax profit in FY2025
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Airtel Africa swings to $661m pre-tax profit in FY2025

Airtel Africa has reported a strong financial turnaround in its full-year results for the period ending March 31, 2025, posting a pre-tax profit of $661 million. This is a sharp contrast to the $63 million pre-tax loss recorded in the previous fiscal year. This represents a remarkable 1,147.8% year-on-year growth in reported currency. The telecommunications […]

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Nigeria clears debt, exits IMF debtor nation list

The International Monetary Fund has removed Nigeria from its list of debtor nations after the country fully repaid its outstanding credit obligations. This development was revealed in the IMF’s latest report titled “Total IMF Credit Outstanding – Movement from May 01, 2025 to May 06, 2025”, published on the Fund’s website on Wednesday. According to […]

Spotify launches ‘Upcoming Releases’ hub to track new albums
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Spotify revamps app to give users greater control

Spotify unveiled a major update to its mobile app on Wednesday, introducing a range of new features aimed at giving users, particularly Premium subscribers, more control over their listening experience and music recommendations. The update, which will roll out gradually, includes enhancements to playlist management, queue customization, and personalization tools, as the streaming giant continues […]

News

Google cuts 200 jobs in global business unit amid AI shift

Google has laid off approximately 200 employees from its global business organization, which oversees sales and partnerships, as the tech giant continues to realign its focus toward artificial intelligence and data infrastructure. The move was first reported by The Information The layoffs are the latest in a series of cutbacks across the tech industry as […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
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Microsoft’s wins $69bn Activision deal case against FTC

A federal appeals court on Wednesday dealt a blow to United States regulators by rejecting the Federal Trade Commission’s attempt to block Microsoft’s $69 billion acquisition of video game giant Activision Blizzard. In a unanimous decision, a three-judge panel of the 9th U.S. Circuit Court of Appeals upheld a lower court’s ruling that denied the […]

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Apple’s Safari shake-up threatens Google’s search dominance

Apple is reportedly preparing to introduce AI-powered search options to its Safari browser — a move that could significantly disrupt Google’s search empire and its multibillion-dollar advertising business, which heavily depends on iPhone users. The revelation, which surfaced during testimony from Apple executive Eddy Cue in a major U.S. antitrust case against Google, sent shockwaves […]

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Afreximbank launches $1b Africa film fund

The African Export-Import Bank, through its development-focused investment arm, the Fund for Export-Development in Africa, has launched a $1 billion Africa Film Fund aimed at transforming the continent’s film and creative industries. The announcement was made on Wednesday in an official statement shared on the bank’s Instagram page. Launched under the Creative Africa Nexus Programme, […]

Business

Lagos partners BOI, Sterling Bank to boost MSMEs

The Lagos State Government, in collaboration with the Bank of Industry and Sterling Bank, has launched a new initiative to support Micro, Small, and Medium Enterprises. In a statement on Wednesday, this partnership, formalized through a Memorandum of Understanding, will offer MSMEs access to single-digit loans at a 9% interest rate, aimed at fostering business […]

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CBN allocates N306bn for staff severance, related costs

The Central Bank of Nigeria disclosed that it spent N306.63 billion in 2024 on staff expenses and exit packages for former employees who opted for early retirement. This marks a more than 700% increase compared to the N37.7 billion spent in 2023. It also indicated that a total of N191.95bn was spent on staff allowances, […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
Tech

Google to fund development of three new nuclear sites

Nuclear developer Elementl Power announced a partnership with Google on Wednesday to develop three advanced reactor sites in a strategic move to address the surging energy demands of data centers. The agreement marks a growing trend of tech giants collaborating with the nuclear industry to secure sustainable, high-capacity power sources. Under the deal, Google will […]

IT company CWG Plc eyes East Africa, Middle East expansion
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IT company CWG Plc eyes East Africa, Middle East expansion

Nigerian IT services giant CWG Plc is set to expand its operations into East Africa and the Middle East after posting its first billion-naira profit in over a decade, the company announced this week. The 32-year-old tech firm, which already operates in Nigeria, Ghana, Uganda, and Cameroon, reported a 428% surge in profit to ₦3.04 […]

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