Blog

Economy

South Africa’s unemployment rate hits four-year high of 33.6%

South Africa’s unemployment rate has climbed to its highest level in four years, with the number of unemployed people rising to 8.5 million, highlighting a further deterioration in the country’s labour market amid economic headwinds and a tense climate for foreign-owned businesses. The latest figures were released on Tuesday by Statistics South Africa in its […]

Technology

Anthropic begins embedding invisible watermarks into Claude-generated text

Anthropic has begun embedding invisible, machine-readable watermarks into text generated by Claude, creating a hidden signal that can travel with AI-written content even after it is copied and may survive some forms of editing. Anthropic disclosed this on Monday, saying its marking system is part of its commitments under the European Union’s AI Act Code […]

featured Ports and Airports

BREAKING: Lagos Airport arrivals reopen, Air Peace resumes noon flights

The arrivals section of the General Aviation Terminal, also known as MMA1 Lagos, has been reopened to passengers after remaining closed since morning amid the ongoing industrial action by aviation unions. Nairametrics reported that the gate to the arrival section was opened at exactly 2:25 pm on Tuesday, allowing passengers to enter the terminal building. […]

Finance

How to apply for ECOWAS $65,000 startup awards to Nigerian entrepreneurs

The Economic Community of West African States has opened applications for the second edition of its Startup Awards, offering cash prizes totaling $65,000 to startups from across the region, including Nigeria. ECOWAS Commission announced the award on its X handle on Monday, saying it aims to identify, celebrate and scale innovative startups while advancing digital […]

Investment

Safeguarding investors’ capital is biggest post-listing challenge — AVA Capital

The Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that safeguarding investors’ capital remains the biggest post listing challenge. He added that preserving investor trust would be the company’s foremost priority, adding that the group seeks to strengthen governance, transparency and accountability while pursuing long-term growth as a public […]

Agribusiness

Tinubu unveils plan to double Nigeria’s $32bn livestock sector contribution

President Bola Tinubu on Monday disclosed moves to double livestock sector’s $32 billion economic contribution. Tinubu, who spoke at the opening of the 9th All Africa Conference on Animal Agriculture holding in Abuja, said the target was basically part of efforts by his administration to boost food security, create jobs and diversify the economy. Represented […]

Agribusiness

Yobe transfers four agro-industrial assets to national food corporation

The Yobe State Government has handed over four major agro-industrial assets to the Nigeria Food Corporation as part of efforts to revive moribund industries, boost local production and reposition the state as an emerging agro-industrial hub. The handover, which took place at the Governor’s Office in Damaturu, is part of the implementation of Governor Mai […]

Aviation featured

Passengers stranded as aviation unions ground Air Peace flights

Unions in the country’s air transport sector have disrupted operations of the country’s largest airline, Air Peace, leaving several passengers stranded at the Murtala Muhammed Airport, Lagos. The disruption followed a three days strike notice issued by the Air Transport Senior Staff Association of Nigeria and the National Union of Air Transport Employees on August […]

featured Travel

Nigerians seeking S’African visas doubled despite xenophobia, says envoy

South Africa’s Consul-General in Nigeria, Prof. Bobby Moroe, has said interest in his country remained high, with visa applications from Nigerians almost doubling in recent months, despite persistent reports of xenophobic attacks. Moroe stated this in an interview on Nigeria Info FM on Sunday, insisting that South Africa remained safe and open for tourism, business […]

featured Finance

Naira official rate holds at ₦1,368/$, parallel market hits ₦1,405/$

The naira traded around ₦1,368 to the United States dollar in the official Nigerian Foreign Exchange Market on Tuesday, August 11, 2026, as the Central Bank of Nigeria’s reference rate continued to hover within the ₦1,360–₦1,370 range. Data from the CBN and FMDQ showed the NFEM rate at about ₦1,368.22 per dollar, while the broader […]

featured Travel

US revokes 175,000 visas over crime, security violations under Trump

The United States has revoked more than 175,000 visas granted to foreign nationals during the presidency of Donald Trump, following allegations of violations of visa conditions, criminal behaviour and threats to national security. In a statement issued on Monday, the US Department of State disclosed that the bulk of the cancellations stemmed from “law enforcement […]