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Global goods trade rises 12.5% to $13.7tn in

  • 16th August 2026

Anthropic details Claude watermarking system to meet EU

  • 16th August 2026

BOI to channel 80% large enterprise loans towards

  • 16th August 2026

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

  • 15th August 2026

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SpaceX completes acquisition of AI coding startup Cursor

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Global goods trade rises 12.5% to $13.7tn in H1

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Anthropic details Claude watermarking system to meet EU AI

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Apple unveils new commission rates for external app payments

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Sanwo-Olu to unveil newly-built 12mw data hub

Lagos State Governor, Babajide Sanwo-Olu, will inaugurate Rack Centre’s 12-megawatt LGS2 data centre on April 10. This facility is set to double Nigeria’s national data centre capacity and strengthen Lagos’ position as West Africa’s digital hub. However, Africa’s data centre landscape is still led by South Africa, which holds nearly 50% of the continent’s capacity. […]

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Compensation for section two of Lagos-Calabar highway to begin April 26

The Minister of Works, David Umahi, announced that compensation payments for Section 2 of the Lagos-Calabar Coastal Highway will begin on April 26, 2025. He made this disclosure during a stakeholders’ meeting held on Sunday at Eko Hotel, Victoria Island, Lagos State. He said, “On section 2 of the Lagos-Calabar Coastal Highway, verification should start […]

Aviation

FAAN holds talks with Customs CG, NSA to avoid strike

The Federal Airports Authority of Nigeria has engaged with the Controller General of the Nigeria Customs Service, Adewale Adeniyi, to address the concerns of aviation workers who are protesting the conduct of Customs officers at the Lagos airport. The branch Chairman of the Air Transport Services Senior Staff Association of Nigeria at FAAN, John Ogbe, […]

Naira closes week stronger at N1,534.72/$ 
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Naira slips 2.6% in March, despite $668m CBN support

The naira weakened further in March 2025, recording a 2.4% depreciation at the Nigerian Autonomous Foreign Exchange Market and a 2.6% decline in the parallel market compared to February. According to Afrinvest’s latest Monthly Market Report titled “Analysing Global and Nigerian Economies & Financial Markets,” the exchange rate fell to ₦1,536.82/$ at NAFEM and ₦1,530.00/$ […]

Australian court rules Apple, Google abused market power
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Google expands AI Mode with multimodal search for images

Google is enhancing its experimental AI Mode within Google Search by introducing multimodal search, allowing users to ask complex questions about images they upload or take with their camera. The feature, announced in a blog post on Monday, builds on the visual search capabilities of Google Lens and represents a significant step in making search […]

Microsoft unveils generative AI gaming with Quake II
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Microsoft unveils generative AI gaming with Quake II

Microsoft has unveiled a browser-based, AI-driven version of Quake II as a tech demo for its Copilot AI platform — offering users a short, experimental glimpse into what the future of AI-generated gameplay might look like. The interactive demo allows users to play a single level of Quake II for a limited time using keyboard […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple wins legal fight against UK over iPhone backdoor secrecy

Apple has won a legal battle against the UK government’s attempt to keep parts of its appeal secret. The case centers on a controversial order that would require Apple to create a “backdoor” into iPhones — essentially a way for authorities to access encrypted user data. On Monday, the U.K.’s Investigatory Powers Tribunal dismissed the […]

Microsoft surpasses $4trn valuation with AI, cloud boom
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Microsoft joint venture Wicresoft to exit China, 2,000 jobs affected

A joint venture between Microsoft and local partners, Wicresoft, will cease its operations in China starting Tuesday, leading to the layoff of approximately 2,000 staff, according to a report by Chinese financial outlet Caijing. The move follows Microsoft’s decision to stop outsourcing its after-sales support in China to Wicresoft, sparking concerns over how the tech […]

US drops lawsuit against Binance
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Court adjourns Binance tax evasion case to April 30

Court has postponed proceedings in a tax evasion case against global cryptocurrency exchange Binance until April 30 to allow the country’s tax authority time to respond to a motion challenging the validity of court documents served via email. The move follows an application by Binance’s legal representative, Chukwuka Ikwuazom, who asked the court to nullify […]

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DisCos hit 94.61% energy offtake in Q4 2024 – NERC

The Nigerian Electricity Regulatory Commission has reported that electricity distribution companies achieved a cumulative energy offtake performance of 94.61% in the fourth quarter of 2024. This marks a 4.14 percentage point increase compared to the third quarter of 2024, as revealed in the recently released NERC 2024/Q4 Report. According to the report, five DisCos surpassed […]

MTN has been given the approval to take over the Enugu-Onitsha Expressway construction under the road Infrastructure Tax Credit Scheme of around ₦202.8 billion.
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MTN challenges Netflix, Showmax with launch of streaming platform

One of Africa’s leading telecommunications providers, MTN Group, has entered a strategic partnership with UK-based video software firm Synamedia to create a new streaming platform for mobile and fixed broadband users across the continent. The collaboration aims to enhance digital content accessibility and meet the changing preferences of African audiences. MTN Group’s Chief Commercial Officer, […]

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Lagos issues 100+ contravention notices for illegal land reclamation

The Lagos State Government, through the Ministry of Waterfront Infrastructure Development, has served over 100 contravention notices to individuals and developers engaged in unauthorized land reclamation in the Ikota area of Lekki. This enforcement exercise forms part of ongoing efforts to safeguard the state’s waterfront zones and enforce compliance with physical planning and environmental regulations. […]

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