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US tariffs on Canada take effect as deal

  • 22nd August 2026

Tinubu orders arrest of fake agency promoter, suspends

  • 21st August 2026

FBI asks US court to keep Tinubu-related records

  • 21st August 2026

US recognises Nigerian-American fintech entrepreneur George Azih

  • 21st August 2026

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US tariffs on Canada take effect as deal collapse

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Tinubu orders arrest of fake agency promoter, suspends three

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Namibia orders Starlink to halt operations over unlicensed service
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Namibia orders Starlink to halt operations over unlicensed service

The Communications Regulatory Authority of Namibia announced on Thursday that it has issued a cease-and-desist order to Elon Musk’s satellite internet provider, Starlink, for operating in the country without the necessary license. Starlink, a subsidiary of SpaceX, provides satellite internet in several African nations but has faced regulatory hurdles in some regions, as well as […]

ByteDance sues ex-intern $1.1m over alleged AI sabotage
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ByteDance sues ex-intern $1.1m over alleged AI sabotage

China’s ByteDance, the parent company of TikTok, has filed a lawsuit seeking $1.1 million in damages from a former intern, accusing him of deliberately sabotaging its artificial intelligence infrastructure. The lawsuit, which has attracted significant attention in China amid the ongoing AI race, was filed in the Haidian District People’s Court in Beijing. ByteDance is […]

Director-General of the World Trade Organization, Ngozi Okonjo-Iweala
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Ngozi Okonjo-Iweala reappointed WTO DG

Nigeria’s former finance minister, Ngozi Okonjo-Iweala has been reappointed as the Director-General of the World Trade Organisation for a second term. This was disclosed by the WTO in an X post on Friday Effective from 2025, Ngozi Okonjo-Iweala will be leading the organisation as the first woman and the first African. “WTO members today agreed […]

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FG grants licence for 27,000-barrel refinery construction

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved a licence for Process Design and Development Limited to establish and construct a new 27,000 barrels per day refinery. It said the facility will be located in Dole-Wure, Akko area of Gombe State. The authority in a post on its official […]

Global Internet connectivity grows amid digital divide — Report
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Global Internet connectivity grows amid digital divide — Report

The International Telecommunication Union has reported that global internet connectivity has grown; however, the digital divide still persists. In the report, ITU stated that 5.5 billion people will be online in 2024, an increase of 227 million from the previous year, and 68%, or 2.6 billion people—nearly one-third of the world’s population—remain offline. However, the […]

Global efforts intensify to address submarine cable ruptures
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Baltic Sea cable damage raises fears of sabotage in Europe

The recent severing of subsea cables in the Baltic Sea has raised alarms over potential acts of sabotage, further straining geopolitical tensions. These cables are vital to cross-border internet connectivity and global communications, making them strategic targets in modern conflicts, according to CNBC. The incidents are particularly concerning amid the ongoing war in Ukraine, as […]

SpaceX launches Starlink Mini for users
News

Starlink ordered to halt services in Namibia

Namibia has instructed Starlink Inc. to cease operations immediately, citing the absence of a required telecommunications license, according to Bloomberg. The Communications Regulatory Authority of Namibia also warned the public against purchasing Starlink equipment or subscribing to its services, labeling such actions as illegal. “Investigators have already confiscated illegal terminals from consumers and have opened […]

The Nigerian equities market closed in positive territory on Thursday, with investors pocketing a gain of N239bn in market capitalisation
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NGX records N502.73bn in transactions for October 2024

The Nigerian Exchange reported a total transaction value of N502.73 billion (approximately $300.05 million) for both domestic and foreign portfolio investments in October 2024. This represents a modest 1.97% increase compared to the N493.01 billion ($307.84 million) recorded in September 2024. Despite a depreciation in the Naira from N1,601.52/$1 in September to N1,675.49/$1 in October, […]

Top 10 most expensive foods in Nigeria for October 2024
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Top 10 most expensive foods in Nigeria for October 2024

In October 2024, Nigeria’s headline inflation rate rose to 33.88%, up from 32.7% in September, marking a 1.18 percentage point increase. According to the National Bureau of Statistics Consumer Price Index report, the rise in inflation can be largely attributed to increased transportation costs and higher food prices. This represents a significant economic challenge, as […]

News

OPEC+ delays meeting on oil output strategy 

The OPEC+ oil alliance has rescheduled its meeting to finalize its crude production strategy to December 5, according to two delegate sources who spoke on condition of anonymity due to the sensitive nature of the discussions. The coalition, comprising the Organization of the Petroleum Exporting Countries and its allies, was originally scheduled to meet on […]

News

Reps to invite CBN, Banks over unverified POS operators

The House of Representatives on Wednesday resolved to summon the Central Bank Governor, Olayemi Cardoso, and CEOs of commercial banks to address the challenges arising from the lack of proper documentation of Point of Sale users nationwide. This decision followed a motion sponsored by John Okafor, representing Ehime/Mbano/Uboma/Obowo Federal Constituency, Imo State, during the plenary […]

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