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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

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BRICS explores merging payment systems to cut transaction costs

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

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Hugo Boss reported better-than-expected first-quarter results on Tuesday, maintaining its full-year outlook despite growing macroeconomic uncertainty
News

Hugo Boss beats forecasts despite tariff concerns

German fashion group Hugo Boss reported better-than-expected first-quarter results on Tuesday, maintaining its full-year outlook despite growing macroeconomic uncertainty and concerns over U.S. tariffs. The company posted revenue of €999 million ($1.13 billion) for the quarter, slightly down from €1.01 billion a year earlier but well above analysts’ expectations of €974 million, according to a […]

OpenAI employees consider selling $6bn stock
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OpenAI abandons major restructuring to retain control

OpenAI has scrapped a major plan to restructure its corporate governance, opting instead to maintain control under its nonprofit parent organization, a move that curtails CEO Sam Altman’s influence and responds to growing public and legal pressure. The decision, announced Monday, follows mounting criticism and a lawsuit from co-founder Elon Musk, who claims OpenAI is […]

News

Former MDs of Warri, Kaduna, PH refineries threaten N50b lawsuit

Three former Managing Directors of Nigeria’s major refineries have threatened legal action against a leading national newspaper, demanding N50 billion in damages over an alleged defamatory report that linked them to a multi-billion-dollar fraud scandal. The former MDs – Mr. Ibrahim Onoja (Port Harcourt Refining Company), Mr. Efifia Chu (Warri Refining and Petrochemical Company), and […]

News

Finance ministry debunks N13bn corruption allegation in CNG contract

The Federal Ministry of Finance has publicly denied allegations of awarding N13 billion in contracts without following due process. In a statement signed by Director of Information and Public Relations, Mohammed Manga, the ministry emphasized its compliance with procurement regulations and clarified that all contracts, including those under the Presidential Initiative on Compressed Natural Gas, […]

EU rules out fee for tech giants under digital markets act
News

EU plans ban on Russian gas imports by 2027

The European Commission is preparing to propose a phased ban on Russian natural gas, targeting new deals by the end of 2025 and existing contracts by the close of 2027, according to a draft roadmap obtained by Reuters. The proposal, due to be published in June, is part of the EU’s broader effort to sever […]

Lamborghini posts nearly 30% revenue in Q1 on hybrid model demand
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Lamborghini posts nearly 30% revenue in Q1 on hybrid model demand

Italian luxury sports carmaker Lamborghini has reported a strong start to 2025, with revenue rising 29.6% year-on-year to €895.2 million in the first quarter, driven by global demand for its new hybrid models—the Revuelto and the Urus SE. The brand, a subsidiary of Germany’s Volkswagen Group, also saw a significant increase in operating profit (EBIT), […]

US delivery company DoorDash to acquire Deliveroo in £2.9bn deal
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US delivery company DoorDash to acquire Deliveroo in £2.9bn deal

United States meal delivery giant DoorDash is set to acquire British rival Deliveroo in a deal valued at approximately £2.9 billion ($3.85 billion), the companies announced on Tuesday. The acquisition is aimed at strengthening DoorDash’s footprint in Europe amid growing competition in the food delivery sector. Talks between the two companies were revived last month […]

YouTube tests two-person premium subscription in select countries
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YouTube tests two-person premium subscription in select countries

YouTube has begun testing a new two-person Premium subscription plan in select markets, the company confirmed on Monday. The pilot program is currently being rolled out in India, France, Hong Kong, and Taiwan, with the aim of offering more flexible and affordable access to its premium services. The development, first reported by Money Control and […]

Google to revises app rules after EU charges over market abuse
News

US DOJ urges Google to sell ad tools over antitrust concerns

The United States Department of Justice has proposed that Google, a subsidiary of Alphabet Inc., divest key parts of its advertising business, including its AdX marketplace and DoubleClick for Publishers ad server. This recommendation follows a federal judge’s finding that the tech giant illegally monopolized two key segments of the online advertising technology market. The […]

Elon Musk’s home sparks dispute with Texas neighbours
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Elon Musk’s home sparks dispute with Texas neighbours

Elon Musk’s Texas residents are locked in a growing dispute over Musk’s $6 million property, which has been transformed into what some locals call a high-security compound, The New York Times reported. The conflict began after Musk’s team allegedly erected a 16-foot chain-link fence, installed a metal gate, and mounted surveillance cameras — all without […]

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