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Microsoft warns Africa risks becoming AI consumer

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Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

Business

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Finance

IMF warns stablecoins could weaken naira’s monetary policy

The International Monetary Fund has warned that the growing use of United States dollar-denominated stablecoins in Nigeria could weaken demand for the naira and reduce the effectiveness of the country’s monetary policy framework. Nairametrics reported that the warning was contained in a report titled “Stablecoins in Nigeria: A Growing Cross-Border Channel,” which examined the rapid […]

Technology

Meta launches AI mode search on Facebook

Global tech giant, Meta has introduced a new set of AI-powered features on Facebook designed to help users find answers, create shareable content, and edit photos more easily, the company disclosed in a post on its website on Monday. Central to the rollout by Meta is AI Mode, a new search experience powered by Meta […]

Finance

Naira holds stable against British pound at ₦1850/£

The Nigerian currency maintained its relatively stable run against the British currency on the Nigerian foreign exchange market, amid a rebound in the British pound sterling in the global foreign exchange market. Market action shows that GBP/NGN spot has stayed within a stable band: CBN’s latest data showed it settled at N1,850/£1 The Naira’s best […]

Economy

Africa needs to expand fish farming sector — UN

Africa needs to urgently expand its fish-farming sector to meet its food needs, the head of the UN’s fisheries division said Tuesday, even as its latest report found record production levels globally. Fish and seafood is now a $184-billion trade, according to the State of World Fisheries and Aquaculture report by the United Nations’ Food […]

Business

SpaceX inks $60b deal to acquire AI startup Cursor

SpaceX announced on Tuesday that it has signed a formal agreement to acquire artificial intelligence startup Cursor in an all-stock deal valued at $60 billion, a closely watched transaction that comes just days after the company’s record-breaking Nasdaq debut. Founded in 2022, Cursor developed a widely used AI-powered coding assistant that helps software developers generate, […]

featured Oil and Gas

Oil prices slide below $80 on US-Iran peace hopes

Global oil prices extended their decline on Tuesday, falling to their lowest levels in about three months as investors reacted positively to expectations that the Strait of Hormuz could soon reopen following a peace agreement between the United States and Iran. Brent North Sea crude, the international benchmark for oil prices, dropped by 3.8 per […]

Tech

SpaceX overtakes Microsoft, Amazon, becomes fourth most valuable US company

SpaceX shares surged about 10 per cent on Tuesday, extending the momentum from the company’s record-breaking IPO last Friday and cementing its status as one of the most valuable companies in the United States. The rally briefly propelled SpaceX past Microsoft in market capitalization, making it the fourth-largest U.S. company. During mid-morning trading, SpaceX’s market […]

Tech

AI, digital tools could transform global plant conservation – Report

Scientists say advances in artificial intelligence and digital technology could mark a critical breakthrough in the race to identify and protect plant species before they disappear, according to a major report by the Royal Botanic Gardens, Kew. Emerging technologies are helping researchers monitor changes in flowering seasons across the globe, quickly identify newly discovered specimens, […]

Electricity

TCN raises alarm over power transmission vandalism in Niger

The Transmission Company of Nigeria has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Vanguard reported that speaking during a community engagement visit to Lambata in Gurara Local Government Area on Monday, the General Manager, Transmission, Abuja […]

E-commerce

Digital postcode system will transform Nigerian commerce — Bosun Tijani

The Federal Government has said Nigeria’s Digital Alphanumeric Postcode System, scheduled for launch this year, will transform commerce, strengthen security and significantly reduce delivery costs nationwide. Vanguard reported that speaking at the National Digital Alphanumeric Postcode System workshop in Abuja, Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, described the initiative as critical […]

Housing

NIPOST targets unique digital postcode for every building nationwide

The Nigerian Postal Service has reaffirmed its commitment to implementing a National Digital Postcode System to assign a unique digital address to every addressable building across the country. The PUNCH reported that speaking at the unveiling of the Post Code Delineation Model Validation 2026 in Abuja on Monday night, the Postmaster General and Chief Executive […]

Business

Sigma pulls out of $10bn bid to acquire UK pharmacy chain Boots

Australian pharmaceutical group Sigma Healthcare has withdrawn from its bid to acquire UK pharmacy chain Boots, ending plans for a potential $10bn (£7bn) takeover. Sigma, which operates as both a wholesaler and retailer, said on Monday that acquiring the high street pharmacy business, operator of about 1,800 UK stores, would not align with its strategic […]

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