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AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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Nvidia, Microsoft, SpaceX launch AI safety initiative

Tech

Snapchat introduces real-time music sharing feature for users

Tech

UK snubs Nigeria, waives proof-of-funds demand for Tunisia, others

Business

Hugging face CEO demands OpenAI release records of AI

Tech

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Banking

Interswitch, Temenos partner to expand digital banking in Africa

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, and Temenos (SIX: TEMN), a global leader in banking technology, have announced a strategic collaboration aimed at expanding digital banking services across the African continent. The partnership will see Interswitch adopt Temenos technology to enhance its digital banking capabilities, support business growth, and […]

News

Court orders forfeiture of ₦2bn assets linked to bank staff

The Federal High Court in Abuja has ordered the final forfeiture of assets worth N2 billion linked to a financial sector staff member, Alonge Opeyemi Yetunde and others. This was disclosed in a statement issued on Thursday signed by Anthony Okon Placid, Force Public Relations Officer, Force Headquarters, Abuja. The Nigeria Police Force, through the […]

Housing

Rich Africans turn to real estate for wealth preservation — Report

Africans with investable assets of at least 50 million dollars are increasingly directing their wealth into real estate as part of efforts to preserve capital, diversify investment portfolios and generate long-term income, according to a new wealth report. Nairametrics reported that the report, released by Standard Bank, Africa’s largest lender by assets, shows that ultra-high-net-worth […]

Finance

CBN raises foreign tuition remittance limit to $25,000

The Central Bank of Nigeria has increased the maximum tuition fee remittance allowed for Nigerian students pursuing undergraduate and postgraduate studies abroad to 25,000 dollars per semester, up from the previous limit of 15,000 dollars. The upward review is contained in the CBN Foreign Exchange Manual, Fourth Edition, which was released on Wednesday as part […]

Tech

AI executives issue rare joint warning on bioweapons threat

Dario Amodei, Demis Hassabis, and Sam Altman, who are often viewed as rivals with differing positions on major artificial intelligence issues, have jointly called for new laws aimed at preventing AI systems from being used to develop bioweapons. The three tech leaders, representing Anthropic, Google DeepMind, and OpenAI respectively, issued the warning in a rare […]

Tech

Smart glasses, hidden earpieces raise new exam cheating fears – Report

England’s qualifications regulator has warned that exam cheating could become even more difficult to control with the rise of new wearable technologies such as smart glasses and hidden earpieces. The chief regulator at the Office of Qualifications and Examinations Regulation, Ian Bauckham, said that GCSE and A-level assessments are being reviewed over concerns that artificial […]

Business

Nigerian stocks shed ₦5trn as investors take profit from June 1

Nigerian stocks have lost more than N5 trillion in value since June 1 as profit-taking activities gathered pace on the Nigerian Exchange, following months of strong gains that pushed the market to unprecedented levels. The market capitalisation had surged beyond N160 trillion at the end of May, reflecting the remarkable performance recorded by listed equities […]

Business

Senate approves new tax framework on sugar-sweetened beverages

The Senate has approved a new excise duty framework for sugar-sweetened beverages, replacing the existing N10-per-litre levy with a retail price-based tax system and establishing a dedicated funding mechanism for public health initiatives. The approval followed the adoption of the report on the Customs, Excise Tariff, etc. (Amendment) Bill, presented by Senator Sani Musa, chairman […]

Tech

Uber unveils AV data collection car for expanding robotaxi network

Uber on Wednesday unveiled a prototype vehicle designed to collect real-world driving data for its expanding network of autonomous vehicle partners, including Avride, Waymo, and WeRide. The car itself is not a radical redesign. It is a Hyundai Ioniq 5 fitted with an extensive array of sensors mounted across its roof and body. While the […]

Business

CBN surpasses target, raises N1.457tn in June treasury bill auction

The Central Bank of Nigeria raised N1.457 trillion at its June 3 Treasury Bills Primary Market Auction, despite strong investor demand that drove total subscriptions to N2.160 trillion, more than twice the N1 trillion on offer. The 364-day tenor dominated activity, attracting subscriptions of N1.946 trillion against an N800 billion offer, underscoring sustained appetite for […]

Entertainment featured

Beyoncé, Rihanna join Forbes billionaires self-made list

Beyoncé and Rihanna have both secured positions on Forbes 11th annual list of America’s Richest Self-Made Women, joining the ranks of the country’s wealthiest female billionaires. Beyoncé ranked 43rd on the list with an estimated net worth of $1 billion, while Rihanna placed 39th, also valued at $1 billion. Forbes attributed Beyoncé’s entry into the […]

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