Business

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

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

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

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

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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

Business

AI-driven cyberattacks surge 56% – IBM

Business

Blog

SpaceX eyes $400bn valuation in new funding round
Tech

SpaceX’s Starbase poised to gain city status in Texas vote

SpaceX’s South Texas hub, known as Starbase, is poised to become an official city following a Sunday vote by local residents to incorporate the area previously called Boca Chica Village, according to BBC. The move to establish Starbase as a municipality is being driven largely by SpaceX employees, who dominate the small voter base. Preliminary […]

News

Foreign debt cleanup costs CBN N13.9tn in 2024 – Report

The Central Bank of Nigeria reported a 13.9 trillion naira ($9 billion) loss in 2024, driven by the settlement of overdue derivatives contracts, as part of a strategic push to reduce foreign currency liabilities and restore investor confidence in the naira, according to Bloomberg. The loss, a sharp rise from 6.3 trillion naira in 2023, […]

Alibaba to raise HK$12bn in exchangeable bonds
News

US lawmakers urge SEC to delist Alibaba

Alex Omenye Two Republican lawmakers have urged the U.S. Securities and Exchange Commission to delist a group of Chinese companies, including tech giant Alibaba, citing alleged ties to China’s military and concerns over U.S. national security, the Financial Times reported Friday. John Moolenaar, chair of the House Select Committee on the Chinese Communist Party, and […]

News

FG opens applications for creative economy development fund

The Federal Government of Nigeria has officially opened applications for the Creative Economy Development Fund—a newly approved initiative designed to provide sustainable financing for the country’s creative and cultural industries. This initiative announced by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy, was recently approved by the Federal Executive Council and marks a […]

Neuralink raises $650m as brain implant trials expand
News

Musk’s Neuralink earns FDA ‘Breakthrough’ status for brain implant

Elon Musk’s brain-computer interface company, Neuralink, has announced that it has received the United States Food and Drug Administration’s “breakthrough device” designation for a new implant designed to help individuals with severe speech impairments. In a post on social media platform X on Thursday, the company revealed that the device is intended to assist people […]

FG approves Air Peace for direct Nigeria-Brazil flights as strategic aviation routes
News

Air Peace defends abrupt flight disruptions

Air Peace has defended the recent spate of flight delays and cancellations, citing a steadfast commitment to passenger safety as its top priority. In a statement issued on Saturday, the airline’s Head of Corporate Communications, Ejike Ndiulo, said the disruptions, while inconvenient for travelers, were necessary and made strictly in line with established aviation safety […]

Starlink expands African footprint, enters Guinea-Bissau
News

Congo grants Starlink license to roll out satellite internet

The Democratic Republic of Congo has granted a license to Elon Musk’s Starlink, the satellite internet division of SpaceX, becoming the latest African nation to approve the service. The announcement was made on Friday by the Congolese Post and Telecommunications Regulatory Authority, which confirmed that Starlink “will proceed with the launch of its services in […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
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Apple partners Anthropic on AI-Powered ‘vibe coding’ platform

Apple is collaborating with Anthropic, an AI startup backed by Amazon, to develop a new artificial intelligence-based software platform that aims to revolutionize code writing, editing, and testing, according to a Bloomberg News report. . Dubbed “vibe coding,” the innovative approach involves AI agents generating code—a method gaining momentum within the rapidly evolving AI sector. […]

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Tinubu’s ministers ignore TikTok, LinkedIn despite massive following – Report 

A new report reveals a stark digital divide between Nigeria’s cabinet ministers and the country’s rapidly growing online population, with most ministers neglecting key social media platforms like TikTok and LinkedIn despite a collective following of 17 million across major networks. The Nigerian Cabinet Social Media Report 2025, released by UK-based digital strategy firm Column, […]

Uncategorized

CBN posts N38.8b profit in 2024, erasing 2023’s N1.15tn loss  

The Central Bank of Nigeria has published its 2024 audited financial statements, reporting a profit after tax of N38.8 billion, marking a strong recovery from the N1.15 trillion loss recorded in 2023. The turnaround was primarily driven by significant growth in interest income and other operating income, especially a sharp increase in net unrealized foreign […]

News

Court rejects motion to ban CBN’s eNaira trademark use

The Federal High Court in Abuja, on Friday, dismissed an interim motion by eNaira Payment Solutions Limited seeking to restrain the Central Bank of Nigeria from using the “eNaira” trademark. Justice James Omotosho ruled on the motion on notice, declining to grant the restraining order against the CBN and other parties. The case concerns alleged […]

Nigerians worse off than in 1960, says AfDB President Adesina
News

Nigerians worse off than in 1960, says AfDB President Adesina

The President of the African Development Bank, Dr. Akinwumi Adesina, has raised alarm over Nigeria’s worsening economic conditions, warning that the country is experiencing a deeper regression than many realise. Speaking at the 20th anniversary dinner of investment firm Chapel Hill Denham in Lagos, Adesina revealed that Nigeria’s current GDP per capita stands at $824—less […]

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