Blog

CAC to delete inactive companies in 90 days
Business

CAC dismisses claims linking cyberattack to DAAR Communications data alteration

The Corporate Affairs Commission has dismissed allegations that it altered the records of DAAR Communications PLC following a recent cyberattack on its system. In a public notice posted on its X account on April 29, 2026, the Commission clarified that its database was not manipulated. The clarification follows reports claiming the cyber incident may have […]

Business

Tinubu names Odumegwu-Ojukwu as foreign affairs minister

President Bola Ahmed Tinubu has appointed Ambassador Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs. The appointment was announced on Wednesday in a statement by Bayo Onanuga, Special Adviser to the President on Information and Strategy. It follows the resignation of the former Minister of Foreign Affairs, Ambassador Yusuf Tuggar, who reportedly stepped down […]

Business

Access Holdings announces retirement of deputy MD Chizoma Okoli

Access Holdings Plc has announced the retirement of Mrs. Chizoma Okoli, Deputy Managing Director at Access Bank. The announcement was made in a statement issued on April 28, 2026, and signed by Company Secretary, Sunday Ekwochi. Mrs Chizoma Okoli’s retirement takes effect from April 30, 2026, following the expiration of her term. The company is […]

Tech

Apple to add Siri AI mode to iPhone camera in iOS 27

Apple is reportedly preparing to embed artificial intelligence more deeply into the iPhone camera app by introducing a new Siri-powered mode in its upcoming iOS 27. Apple will relocate its Visual Intelligence feature, currently tied to the Camera Control button, directly into the camera app, Bloomberg reported on Wednesday. It will appear as one of […]

Tech

Universal Music to sell half its Spotify stake

Universal Music Group NV on Wednesday announced plans to divest half of its stake in Spotify Technology SA, while expanding its ongoing share repurchase programme to €1 billion. The company said it will initiate an additional €500 million buyback after concluding the €500 million programme unveiled in March. The move follows concerns over the company’s […]

Business

Tinubu replaces NMDPRA CEO, names Rabiu Umar successor

President Bola Ahmed Tinubu has approved the removal of Saidu Mohammed as Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and has nominated Rabiu Abdullahi Umar as his successor. This was disclosed on Wednesday, April 29, in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. […]

Senate approves Yuguda, Cardoso, others as MPC members
Business

Senate okays Yuguda’s appointment as CBN deputy governor

The Nigerian Senate on Wednesday confirmed Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria after a swift screening in Abuja. His confirmation followed consideration of a report by the Senate Committee on Banking, Insurance and Other Financial Institutions, which conducted a brief screening and endorsed his nomination. Chairman of the committee, […]

Uber not sharing 'personal info of users' with Lagos govt
Tech

Uber launches in-app hotel booking feature for US users

Uber users in the United States will now be able to book hotels directly within the app, as the company expands beyond ride-hailing into a broader lifestyle platform. The new hotel booking feature was unveiled on Wednesday at Uber’s annual Go-Get event in New York City, where the company showcased several product updates. At launch, […]

Tech

Google unveils AI features for Google TV, adds YouTube shorts feed

Google on Wednesday unveiled a new set of AI-powered features for Google TV, including a dedicated short-form video feed that brings YouTube Shorts directly to the home screen. The update is anchored on expanded Gemini capabilities. Inside the Gemini tab, a new “Create” button allows users to experiment with generative AI tools such as Nano […]

Economy featured

Nigeria’s PMI falls to 49.4 as economy contracts in April

Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index fell to 49.4, marking the first decline after 16 consecutive months of expansion. This is according to the latest report released by the Central Bank of Nigeria on Wednesday. The figure, which dropped below the 50-point threshold that separates expansion from […]

Standard Chartered initiates $1 billion share buyback
Investment

Standard Chartered secures $2.33bn for Tanzania’s rail project expansion

Standard Chartered has provided a $2.33 billion syndicated financing facility to support key sections of Tanzania’s Standard Gauge Railway project, marking a major milestone in East Africa’s infrastructure development drive. The financing was disclosed in a statement published on the bank’s website on Wednesday. It will support the construction of Lots 3 and 4 of […]

Business

Cadbury Nigeria Q1 2026 profit drops 39% on rising costs

Cadbury Nigeria Plc has reported a pre-tax profit of N5.20 billion in its Q1 2026 results, representing a 39.2 per cent decline from N8.54 billion recorded in the corresponding period of 2025, as rising production and operating costs weighed heavily on profitability. This is according to the company’s unaudited financial results for the three-month period […]