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

US considers equity stakes in chipmakers under CHIPS act
News

Trump vows to revoke Harvard’s tax-exempt status amid ongoing feud

United States President, Donald Trump, announced on Friday that his administration will revoke Harvard University’s tax-exempt status, intensifying his ongoing conflict with the Ivy League institution. “They deserve it!” Trump declared in a brief post on Truth Social, signaling a potential escalation in the legal confrontation. Trump has attempted to pressure universities by threatening to […]

TikTok removes more Universal Music songs as conflict worsens
Tech

Ireland slaps TikTok €530m over data transfers to China

TikTok has been fined €530 million ($601.3 million) by Ireland’s privacy regulator for breaching the EU’s GDPR law by transferring user data to China. The Irish Data Protection Commission, which oversees TikTok’s privacy practices in the EU, announced the fine on Friday, citing violations related to the handling of European user data. The regulator has […]

Spain hits Apple, Amazon with €194m antitrust fine
Tech

Apple approves Spotify update under new rules allowing in-apps purchases

Spotify announced on Friday that Apple has approved its United States app update, enabling users to access pricing details, purchase links, and a broader range of payment options directly within the app. The approval follows a U.S. federal judge’s ruling on Wednesday, which mandated that Apple cease charging commissions on purchases made through web links […]

Dangote names Lekki refinery road after Wigwe
Business

Trump’s tariffs no threat to urea exports, says Dangote

Aliko Dangote, president of the Dangote Group, expressed optimism Thursday about the impact of U.S. President Donald Trump’s tariffs on the company’s urea exports, citing a competitive advantage over rivals. Speaking to reporters, Dangote noted that Algeria, a key competitor, faces steeper duties, potentially boosting Dangote’s market share in the U.S. The Nigerian conglomerate, a […]

Business

Fidelity Bank’s gross earnings soar by 64.2% to ₦315.4b 

Fidelity Bank Plc reported gross earnings of ₦315.4 billion for the first quarter ended March 31, 2025, marking a 64.2% increase from ₦192.1 billion recorded in the same period in 2024. According to its unaudited financial statements submitted to the Nigerian Exchange Limited, the strong performance was driven by substantial growth in interest income, foreign […]

News

RMAFC unveils plan for digital dashboard to track govt revenues

The Revenue Mobilisation Allocation and Fiscal Commission has proposed the creation of a National Revenue Dashboard to connect with all government revenue-generating agencies. According to RMAFC, the dashboard aims to enable real-time digital tracking of revenue inflows, improving transparency and enhancing fiscal management across the country. It also called for a framework that will enable […]

Oil and Gas

Shell exceeds analyst expectations with Q1 adjusted profit of $5.58b

British oil major Shell reported a first-quarter adjusted profit of $5.58 billion on Friday, exceeding analyst expectations of $5.09 billion, as per an LSEG consensus, and a company-provided forecast of $4.96 billion. The robust performance, though down more than 25% from the same period last year, prompted Shell to sustain its share buyback program at […]

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
News

Sterling Bank pauses ₦6 SMS alert fee to ease customer burden

In a show of support for its customers, Sterling Bank has announced it will absorb the recently introduced ₦6 SMS alert fee for the next 60 days, shielding customers from the impact of rising telecom tariffs. The move follows the Nigerian Communications Commission’s approval of a 50% increase in SMS charges by telecom operators, which […]

E-commerce

Temu abandons low-cost Chinese imports amid rising tariffs

Temu, the U.S. online retail sensation owned by China’s PDD Holdings Inc., is abandoning its reliance on low-cost Chinese imports that fueled its meteoric rise. The company announced it will transition to a “local fulfillment” model, exclusively selling goods from U.S.-based merchants to American consumers for the foreseeable future, according to an emailed statement. The […]

Business

GTCO posts N300.4b pre-tax profit in Q1

Guaranty Trust Holding Company Plc reported a robust profit before tax of N300.4 billion for the first quarter ending March 31, 2025, reinforcing its dominance in Nigeria’s financial services industry. The results, submitted to the Nigerian Exchange Group and the London Stock Exchange, highlight GTCO’s strong core earnings despite the absence of a one-time N331.6 […]

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