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Nigeria’s IMTO inflows surge 45% to record $1.29bn

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NPERA begins operations as new port regulator

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Lamborghini unveils Urus performance hybrid SUV after EV strategy shift

Lamborghini on Wednesday unveiled the Urus SE Performante, a new hybrid version of its high-performance SUV, as the Italian luxury carmaker deepens its focus on gas-electric models after shelving plans for a fully electric vehicle. The Urus SE Performante features a more aggressive exterior with a larger front grille, redesigned hood scoops and upgraded interior […]

Tech

Anthropic unveils Claude Sonnet 5 as AI race shifts to affordable models

Anthropic has launched Claude Sonnet 5, a more powerful version of its midsize language model, as competition among leading AI developers increasingly centers on delivering advanced “agentic” capabilities at lower costs. The company said Claude Sonnet 5 can independently plan tasks, use tools such as web browsers and computer terminals, and execute longer workflows with […]

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UN warns rapid AI growth could deepen global inequality

A new United Nations report has warned that the rapid development of artificial intelligence could widen global inequality, calling for a shared international framework to guide the responsible development of the technology as adoption and investment continue to accelerate unevenly across countries. “Access to AI tools alone does not produce equal benefit,” the report states. […]

Investment

Anambra approves ₦200bn for new investment corporation ADIC

The Anambra State Executive Council has approved a capital base of N200 billion for the establishment of the Anambra Development and Investment Corporation with the state government committing 30 per cent of the capital. The state’s Commissioner for Information and Value Reformation, Dr. Law Mefor, disclosed this after the Executive Council meeting, stating that the […]

Policy and Regulations

Marketers threaten shutdown if FG enforces petrol price control

Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, issued the warning on Tuesday during an interview with Vanguard. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, […]

Travel

Japan visa rules threaten immigrant businesses, owners fear deportation

Small immigrant business owners in Tokyo are facing possible closure and deportation as Japan rolls out stricter business manager visa rules, with many saying the new capital and staffing requirements put their livelihoods and families at risk despite the country’s deepening labour shortages. AFP reported that in a tiny Tokyo restaurant filled with the smell […]

Tech

UK watchdog targets Apple, Google over app store dominance

The United Kingdom competition watchdog is moving to curb the dominance of Apple and Google over mobile platforms by proposing rules that would allow app developers to direct users to alternative payment options outside their app stores. The Competition and Markets Authority said restrictions imposed by Apple and Google prevent consumers and developers from making […]

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W’Bank grants Nigeria’s $1.25bn loan request despite backlash

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite growing public concerns over the country’s rising external debt profile. The approval was announced on Wednesday alongside the launch of the World Bank’s new Country Partnership Framework for Nigeria, which will run […]

Tech

Frequent AI users more likely to believe vaccine myths – Report

Adults in the United States who regularly use artificial intelligence chatbots for health advice are more likely to believe false claims about vaccines, according to a new survey released on Tuesday by health research firm KFF. The poll, conducted in May among a nationally representative sample of 2,480 U.S. adults, found that frequent AI users […]

Maritime

NPA backs Abuja MoU programme to boost maritime safety standards

Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Vanguard reported that speaking at the programme’s launch in Abuja, Dantsoho reaffirmed the […]

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World Bank to end loans to China by 2031

The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift in its relationship with the world’s second-largest economy. Financial Times reported that according to a World Bank official who spoke on condition of anonymity, the decision reflects China’s economic progress over the past […]

Crypto

Trump’s crypto empire generated more than $1bn in annual earnings

United States President Donald Trump earned more than $1 billion from his cryptocurrency ventures last year. This is according to a federal financial disclosure released on Monday, significantly boosting his overall annual income. Since returning to office for a second term, Trump and his family have expanded their investments in digital assets and crypto-related businesses. […]

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