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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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Amazon plans stand-alone app for payments in India

Amazon enters quantum race with launch of Ocelot chip

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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

9mobile loses over 300,000 subscribers as roaming deal with

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Africa can lead AI-driven deep tech, says El Habti

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

UAE commits to $25bn Nigeria-Morocco gas pipeline project

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Sterling Bank pauses ₦6 SMS alert fee to ease customer burden
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Sterling Bank pauses ₦6 SMS alert fee to ease customer burden

In a show of support for its customers, Sterling Bank has announced it will absorb the recently introduced ₦6 SMS alert fee for the next 60 days, shielding customers from the impact of rising telecom tariffs. The move follows the Nigerian Communications Commission’s approval of a 50% increase in SMS charges by telecom operators, which […]

E-commerce

Temu abandons low-cost Chinese imports amid rising tariffs

Temu, the U.S. online retail sensation owned by China’s PDD Holdings Inc., is abandoning its reliance on low-cost Chinese imports that fueled its meteoric rise. The company announced it will transition to a “local fulfillment” model, exclusively selling goods from U.S.-based merchants to American consumers for the foreseeable future, according to an emailed statement. The […]

Business

GTCO posts N300.4b pre-tax profit in Q1

Guaranty Trust Holding Company Plc reported a robust profit before tax of N300.4 billion for the first quarter ending March 31, 2025, reinforcing its dominance in Nigeria’s financial services industry. The results, submitted to the Nigerian Exchange Group and the London Stock Exchange, highlight GTCO’s strong core earnings despite the absence of a one-time N331.6 […]

News

No mismanagement in student loan, ICPC withdraws allegation

The Independent Corrupt Practices and Other Related Offences Commission has clarified that it has not found any evidence of discrepancies or fund diversion in its ongoing investigation of the Student Loan Scheme administered by NELFUND. This statement, published on the ICPC’s website, comes after an earlier announcement that it had launched a probe into alleged […]

Kuwait cracks down on crypto miners amid worsening power crisis
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Kuwait cracks down on crypto miners amid worsening power crisis

Kuwaiti authorities have launched a sweeping crackdown on illegal cryptocurrency mining, blaming the energy-intensive activity for worsening the country’s deepening power crisis ahead of the scorching summer months. The Interior Ministry announced the start of a “wide-ranging” security operation last week targeting residential properties across the country being used for crypto mining. Officials say the […]

WhatsApp surpasses 3bn monthly users
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WhatsApp surpasses 3bn monthly users

WhatsApp has officially crossed three billion monthly active users, Meta CEO Mark Zuckerberg announced during the company’s Q1 earnings call on Wednesday. The milestone places the messaging app in an elite group of platforms—alongside Facebook—that serve over three billion people worldwide. Launched in 2009 and acquired by Facebook for $19 billion in 2014, WhatsApp remains […]

CBN fines Paystack ₦250m ver alleged regulation breach
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CBN fines Paystack ₦250m over alleged regulation breach

The Central Bank of Nigeria has slammed a ₦250 million fine on Paystack, one of the country’s leading fintech firms, over alleged regulatory violations tied to its newly launched consumer app, Zap by Paystack. The apex bank believes that Zap—a peer-to-peer money transfer service introduced in March—operates as a digital wallet, which is not permitted […]

WhatsApp rolls out voice note transcription feature in India
Tech

WhatsApp to unveil new smart writing, summary AI features

WhatsApp, the popular private messaging app owned by Meta, announced plans to integrate new artificial intelligence features, including AI-powered writing suggestions and message summaries, into its platform. The move comes despite growing user dissatisfaction with the company’s existing AI initiatives. The app recently added a Meta AI chatbot, accessible via a glowing blue ring button, […]

News

ICPC probes alleged N71.2b shortfall in NELFUND disbursements

The Independent Corrupt Practices and Other Related Offences Commission has initiated a thorough investigation into alleged financial irregularities in the Nigeria Education Loan Fund, focusing on a reported N71.2 billion shortfall in student loan disbursements. The ICPC announced on Thursday that it has summoned NELFUND’s Chief Executive Officer, Akintunde Sawyerr, Central Bank of Nigeria officials, […]

Grieving widow sues Tesla over defective car model
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Elon Musk still CEO, Tesla board denies seeking replacement

Tesla Inc. shares held steady in premarket trading Thursday after the electric vehicle giant refuted a Wall Street Journal report claiming its board was actively seeking a replacement for CEO Elon Musk. The report, which cited sources familiar with the matter, alleged that Tesla’s board had engaged multiple executive search firms to initiate a formal […]

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