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Nigeria receives $50b from Afreximbank in 10 years

Afreximbank has disbursed $50 billion in Nigeria over the past ten years, significantly supporting key sectors such as energy, manufacturing, healthcare, transport, and financial services. This was disclosed by the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, during the commissioning of the Afreximbank Africa Trade Centre in Abuja on […]

Electric car maker Polestar woos Tesla owners with discounts
News

Electric car maker Polestar woos Tesla owners with discounts

Swedish electric vehicle maker Polestar has credited an aggressive discount campaign targeting Tesla owners for nearly half of its United States sales of the new Polestar 3 in the first quarter of 2025. The move contributed to a 76% surge in global deliveries during the period, with 12,304 vehicles sold between January and March, the […]

Oil and Gas

Crude oil prices drop by $2.91 on Thursday

Oil prices dropped sharply on Thursday, with U.S. West Texas Intermediate falling $2.91 (4.2%) to $59.44 per barrel, and Brent crude dropping $2.77 (4.2%) to $62.71 per barrel. The decline erased the previous session’s gains as investor sentiment shifted due to uncertainty over a partial pause in U.S. tariffs and escalating trade tensions between the […]

Instagram developing ‘Picks’ feature to connect users over shared interests
News

Instagram teases ‘Locked Reels’ feature for restrict access to videos

Instagram appears to be quietly testing a new feature called “locked reels,” which allows creators to restrict access to certain videos using a code — revealed only through a hint provided alongside the post. The Meta-owned platform was recently spotted trialing the feature on its official Design account, where a reel prompted viewers to “Enter […]

FG targets 6500 megawatts power generation in six months
Electricity

NERC fines DisCos for violating billing cap on unmetered users

The Nigerian Electricity Regulatory Commission has sanctioned eleven electricity distribution companies for failing to comply with the capping of estimated bills for unmetered customers. The Nigerian Electricity Regulatory Commission has sanctioned eleven electricity distribution companies for failing to comply with the capping of estimated bills for unmetered customers. In a notice posted on its X […]

Business

Prada to buy Versace for $1.4b

The Prada Group has announced its acquisition of Italy’s Versace from Capri Holdings for 1.25 billion euros ($1.4 billion). Prada stated that Versace’s recognizable aesthetic complements its existing portfolio, which includes the Prada and Miu Miu brands, and offers significant growth potential. The final value of the deal will be adjusted at closing, anticipated in […]

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

Google joins OpenAI, backs Anthropic’s AI connectivity standard

Google is the latest tech giant to throw its weight behind Anthropic’s Model Context Protocol, a rising industry standard designed to help AI models interact more effectively with external data sources. In a post on social media platform X on Wednesday, Google DeepMind CEO Demis Hassabis announced that support for MCP would be integrated into […]

Meta took advantage of distressed teens' emotions, Whistleblower alleges
News

Meta took advantage of distressed teens’ emotions, Whistleblower alleges

Former Meta executive and whistleblower Sarah Wynn-Williams alleged in Senate testimony on Wednesday that the social media giant knowingly allowed advertisers to target emotionally vulnerable teenagers, including those experiencing feelings of worthlessness or depression. Wynn-Williams, who served as Meta’s Director of Global Public Policy and recently published a memoir titled Careless People, detailed how the […]

Business

Cristiano Ronaldo marks movie-making debut with new film studio

Cristiano Ronaldo and British film producer Matthew Vaughn have teamed up to create an independent film studio, UR-Marv. This marks Ronaldo’s debut in the film industry. They have already financed and produced two action films, with plans for a third in the same series. The financial details of their 50-50 joint venture were not disclosed. […]

News

China cuts Hollywood film imports as trade war escalates

China plans to cut back on Hollywood film imports as tensions rise in its trade dispute with the United States. In a statement released Thursday, the China Film Administration confirmed the move, responding to questions about whether growing U.S. tariffs would affect American movie imports. The CFA said China would instead focus on increasing film […]