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Economy

Nigeria’s 2025 Q3 expenditure fell 41.57% below target

Nigeria’s total expenditure fell 41.57 per cent below its prorated quarterly budget target to N8.03 trillion in the third quarter of 2025. This is according to the Federal Government’s 2025 third quarter Budget Implementation Report, published by the Budget Office of the Federation, which releases quarterly budget implementation reports. However, the figure was N0.39 trillion, […]

Business

Oura launches Ring 5, world’s smallest smart ring

Finnish-American smart ring maker Oura Health has unveiled its latest device, the Ring 5, as the company accelerates product innovation ahead of a widely anticipated initial public offering later this year. The company, known for popularising the smart ring category and attracting a strong following among celebrities and athletes, said the new model is its […]

Business

Telcos respond to data depletion concerns with new monitoring tools

Mobile Network Operators in Nigeria are taking new steps to tackle long-standing complaints from subscribers about rapid data depletion by introducing greater transparency tools. Industry sources say one of the proposed solutions is a “data calculator” that would allow users to track how their data is consumed on a daily basis, according to Nairameteics. Operators […]

Tech

Google engineer accused of using insider data to rig Polymarket bets

The United States Department of Justice has charged a Google software engineer with allegedly using confidential insider information to place bets on prediction market Polymarket, earning about $1.2 million in profits, according to a complaint unsealed on Wednesday. Michele Spagnuolo, a 36-year-old Italian national, is accused of exploiting non-public information to wager on outcomes linked […]

Tech

AI could help EU banks cut jobs by 20% – Report

Morgan Stanley analysts say the rapid adoption of artificial intelligence could allow European banks to cut their workforce by up to 20% in the “shorter term.” In a research note released on Thursday, analysts including Giulia Miotto estimated that AI could drive productivity gains of around 30 per cent. They added that this efficiency boost […]

Business

Ferrari CEO defends €550,000 price tag on first electric car

Ferrari CEO Benedetto Vigna on Thursday defended the 550,000-euro (about $640,000) price tag of the luxury carmaker’s first fully electric vehicle, saying the model has attracted strong interest from customers, including a new wave of ultra-wealthy buyers. The Luce, unveiled on Monday, triggered a negative market response, with Ferrari’s Milan-listed shares dropping 8 per cent […]

Business

Nigeria’s oil revenue misses budget targets in Q3

Nigeria’s oil revenue performance fell sharply below budget expectations in the third quarter of 2025, highlighting the country’s persistent fiscal vulnerability despite slight improvements in actual oil earnings. According to the latest fiscal performance report by the Budget Office of the Federation, gross oil revenue for the quarter amounted to N4.87 trillion, reflecting a shortfall […]

Entertainment featured

AI firm resurrects Marvel founder Stan Lee’s voice, likeness

In a groundbreaking development that bridges comic book nostalgia with artificial intelligence, AI audio company ElevenLabs has announced an expansive licensing deal to resurrect the voice and likeness of Stan Lee, the legendary co-creator of Spider-Man, Iron Man, and the X-Men, who passed away in 2018 at age 95. The agreement, struck with Stan Lee […]

Business

ECB’s Lagarde urges central banks’ protection amid growing economic strain

European Central Bank President Christine Lagarde has called for stronger protection of central bank independence worldwide, warning that monetary authorities are facing increasing political and economic pressures. Speaking on Thursday at a conference in Phnom Penh, Cambodia, she said the key challenge is no longer simply securing independence for central banks, but ensuring that it […]

Business

Toyota global sales fall for third straight month

Toyota Motor Corp. recorded its third consecutive month of year-on-year global sales declines, as disruptions linked to the Middle East conflict continued to impact its operations, with exports to the region plunging by over 90 per cent. The company said Thursday that global sales in April, including its subsidiary Daihatsu Motor Co., fell 3.7 per […]