MTN winds down BEE scheme, pay out modest returns to investors
South Africa’s largest telecoms firm, MTN, will close its Black Economic Empowerment investment vehicle, Zakhele Futhi, on 28 July 2025, marking the…
News
Meta deletes 10m fake profiles, tightens content rules
Meta Platforms Inc., the parent company of Facebook, has intensified its campaign against fake activity and unoriginal content, announcing the removal of…
xAI fixes Grok 4 after AI bot posts antisemitic content
Elon Musk’s artificial intelligence startup xAI has issued a major update to its chatbot Grok 4 after the AI model generated offensive…
Google signs $3bn US hydropower deal amid AI energy race
Google has signed the world’s largest corporate clean energy agreement for hydropower, securing up to 3 gigawatts of electricity from two facilities…
PIA has brought $16b into oil industry – Reps
The Petroleum Industry Act 2021 has attracted approximately $16 billion in investments into Nigeria’s petroleum sector, according to the Deputy Speaker of…
Meta to build world’s largest AI data centres
Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet, pledging to…
JAPA: Overstay your visa, face permanent ban, US warns Nigerians
The United States government has issued a stern warning to foreign nationals, including Nigerians, cautioning that overstaying a U.S. visa could lead…
SpaceX commits $2bn to xAI in bold push
SpaceX has invested $2 billion in Elon Musk’s artificial intelligence startup xAI, as part of a broader \$5 billion equity fundraising round,…
Key economic moments that defined Buhari’s presidency
Former Nigerian President Muhammadu Buhari passed away on July 13, 2025, at a clinic in London, United Kingdom. He was 82. A…
FG approves Air Peace for direct Nigeria-Brazil flights
The Federal Government has approved Nigerian carrier Air Peace to commence direct passenger flights between Nigeria and Brazil. The announcement was made…
FIRS to host conference on illicit financial flows
The Federal Inland Revenue Service is set to host a two-day national conference on illicit financial flows, aimed at strengthening efforts to…
MultiChoice enters gaming market amid struggles to retain viewers
South African pay-TV giant MultiChoice has launched its first mobile game, Shaka iLembe: Match Challenge, in a surprising pivot into gaming aimed…