Google is experimenting with a new feature that blends its AI Overviews with AI Mode in Search, making it easier for users to dig deeper into topics without leaving the search results page. The AI Overview, which already provides a quick AI-generated snapshot of key information on a topic, will now seamlessly connect to Google’s […]
Year: 2025
Amazon Launches On-Premises ‘AI Factories’ with Nvidia to Boost Corporate Data Control
Amazon is stepping up its AI offerings with the launch of “AI Factories,” a new on-premises solution designed for large corporations and government agencies. Announced Tuesday, the service allows customers to run Amazon’s AI systems directly in their own data centers. AWS manages the AI system while customers provide the power and infrastructure, and the […]
Nigeria Becomes a Growing Hub for French Investment in Finance, Technology, and Agriculture
Nigeria is rapidly establishing itself as a key destination for French investment, with companies showing increased interest in sectors such as finance, technology, and agriculture. Laurent Favier, the Consul-General of France in Lagos, highlighted this trend during the 2025 French Week business forum organized by the Franco-Nigerian Chamber of Commerce and Industry. He emphasized the […]
CBN Revises Cash Withdrawal Limits: What Nigerians Must Know About January 2026 Changes
The Central Bank of Nigeria (CBN) has announced major revisions to its cash withdrawal policies, set to take effect from January 1, 2026. The changes officially discontinue the special authorisation that allowed individuals to withdraw up to N5 million and corporates N10 million once per month. The move comes as the apex bank seeks to […]
CBN Dollar Intervention: Naira Settles at N1,447 as Central Bank Injects $537 Million
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market with a total of $537 million in November, providing crucial support to the naira amid persistent volatility. The official exchange rate closed the month at N1,447.95 per dollar, reflecting a modest appreciation following targeted liquidity injections by the apex bank. At the start […]
Nigerian tech firms’ multi-million dollar haul in 2025 fuels innovation across sectors
Nigeria’s tech ecosystem has continued to shine in 2025, with local and regional startups attracting significant multi-million dollar investments despite a cautious global funding environment. Data from trackers like Africa: The Big Deal shows that Nigerian startups collectively raised $176 million in the first half of 2025, solidifying the country’s position as one of Africa’s […]
Nigeria Launches $100 Million Equity Fund to Boost Local Oil and Gas Producers
Nigeria is taking bold steps to strengthen its local oil and gas industry with the launch of a $100 million equity fund aimed at empowering indigenous producers. The initiative, unveiled by the Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday, will provide equity financing to high-growth Nigerian energy service companies in partnership with the […]
Nigerian Tech Firm Task Systems Wins Prestigious Microsoft Best Partner Award
In a remarkable achievement for Nigeria’s tech industry, Task Systems Limited has been honoured with the Microsoft Best Partner Award in California, United States. Founded 38 years ago and a member of the Zinox Group, Task Systems is one of the pioneering companies shaping Africa’s technology landscape. The award, presented at the Microsoft Ignite 2025 […]
European Stocks Set for Higher Open as Global Markets Rebound — Investors Eye Year-End Rally
European markets are poised for a positive start on Wednesday, lifted by renewed optimism across global trading floors. After a shaky beginning to the week, sentiment appears to be improving as major regions show signs of recovery. Early data from IG indicates that the U.K.’s FTSE 100 is set to open 0.11% higher, Germany’s DAX […]
AI to Reshape 40% of Nigeria’s Job Skills by 2030, Fidelity Bank Executive Warns
Fidelity Bank Executive Director for Lagos and the South-West, Ken Opara, has warned that artificial intelligence is set to reshape up to 40 per cent of Nigeria’s job skills by 2030, calling for urgent action to boost digital literacy, strengthen infrastructure, and close the country’s widening technical skill gaps. He emphasized that Nigeria must act […]
FG Contractors Renew Protests Over Unpaid N500bn Debt, Block Finance Ministry
Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday returned to the Federal Ministry of Finance in Abuja, blocking both entrances as they intensified their demand for the payment of over N500bn owed for completed government projects. The demonstration brought activities at the ministry to a halt, leaving staff and visitors stranded […]
Nigerian Startup MYai Robotics Launches Curation AI to Fight Misinformation in Real Time
In a significant boost for Africa’s tech ecosystem, Nigerian startup MYai Robotics has launched Curation AI, a revolutionary platform designed to authenticate digital content in real time. The system, developed primarily by Nigerian engineers, offers a solution to one of the internet’s most pressing challenges: the rapid spread of misinformation. With 80% of its engineering […]
Google’s AI Advantage: How Personal Data Makes Search Smarter—and Riskier
Google is leaning heavily into personalization as its next big advantage in AI. Robby Stein, Google Search’s VP of Product, told the Limitless podcast that the company sees an opportunity to make AI uniquely helpful by understanding users better. With AI increasingly integrated into Gmail, Calendar, Drive, and other Google Workspace apps, the system can […]
NUPRC Launches 2025 Oil Licensing Round with Fully Digital Bidding Portal
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened the 2025 Oil Licensing Round, unveiling a fully digital bidding portal designed to deepen investment and enhance transparency in Nigeria’s upstream oil and gas sector. Commission CEO Gbenga Komolafe announced the launch at a press briefing in Abuja, revealing the portal: br2025.nuprc.gov.ng, aimed at providing […]
NASS Champions Continuous Tax Reforms to Drive Nigeria’s Energy Transition
The Speaker of the House of Representatives, Hon. Tajudeen Abbas, has reaffirmed the National Assembly’s commitment to continuous tax reforms as a key strategy to support Nigeria’s energy transition and climate responsibility. Speaking at a policy dialogue on taxation for a fossil fuel phase-out in Lagos, Abbas emphasized that fiscal policy plays a central role […]
Bayer Shares Surge 11% as U.S. Government Supports Curbing Roundup Lawsuits – European Markets Edge Higher
European stocks inched higher on Tuesday as investors cautiously stepped back into markets following a broad sell-off at the start of December. By mid-morning in London, the pan-European Stoxx 600 hovered just above the flatline, with major indices including the FTSE 100, DAX, and CAC 40 all recording modest gains. Utilities stocks led the early […]
Bitcoin Falls Below $86K Amid Market Uncertainty: December Opens on Weak Footing
Bitcoin opened December on a shaky note, sliding as much as 6% to breach the $86,000 support level during early Asian trading on Monday. The flagship cryptocurrency faced heightened selling pressure, signaling continued fragility after a turbulent November in which Bitcoin lost over 16% of its value. Other major tokens, including Ethereum, Solana, and XRP, […]
Nigerian Stock Market Opens December 2025 on Bearish Note, Sheds N200 Billion
The Nigerian stock market started December 2025 on a cautious and bearish note, shedding about N200 billion in market value. The benchmark All Share Index (ASI) declined by 0.22% to close at 143,210.33 points, signaling a slowdown after the previous week’s modest gains. Year-to-date returns eased slightly to 39.14% from 39.44%, while market capitalization dropped […]
Nvidia Unveils Alpamayo-R1: Open AI Model Set to Transform Autonomous Driving Research
Nvidia is taking a major step forward in autonomous driving research with the announcement of Alpamayo-R1, an open reasoning vision-language AI model. Revealed at the NeurIPS AI conference in San Diego, the new model is designed to help vehicles perceive their environment and make complex driving decisions, bringing them closer to human-like reasoning on the […]
Naira Slips to N1,446/$1 in November Despite CBN’s Tightening Measures
The Nigerian naira ended November on a slightly weaker note, continuing a trend of volatility in the foreign exchange market. By November 28, the currency traded at N1,446.9 per dollar, up from N1,438/$1 at the start of the month. Analysts note that while this represents a moderate depreciation, it underscores the naira’s fragile stability in […]
Champion Breweries Profit 2025 Set to Hit Record N3.12bn on Stable Naira and Cooling Inflation
Champion Breweries is poised to deliver its highest full-year profit in history, with analysts forecasting net income of N3.12 billion by the end of 2025. The brewery’s strong performance is being fueled by a rare period of naira stability and cooling inflation, creating favorable conditions for earnings growth, according to Lagos-based Meristem Research. The brewery […]
CBN, First Bank, BUA Among Top Abuja Land Defaulters: FCTA Revokes Over 1,000 Property Titles
The Federal Capital Territory Administration (FCTA) has officially listed more than 1,000 property owners, including major banks and companies, for defaulting on statutory land charges in Abuja. Among the high-profile names are the Central Bank of Nigeria (CBN), First Bank of Nigeria, and BUA International Limited, highlighting persistent issues in land administration. According to the […]
Bank of Ghana Cuts Policy Rate to 18% Amid Falling Inflation and Strong Economic Recovery
The Bank of Ghana (BoG) has cut its policy rate by 350 basis points to 18 percent, signaling a decisive shift toward supporting economic growth while maintaining price stability. The decision, reached during the Monetary Policy Committee’s (MPC) last meeting of 2025, was influenced by the sharp decline in inflation—from 23.8 percent in December 2024 […]
Nigeria Loses $10 Billion Annually to Post-Harvest Waste, Agritech CEO Warns
Nigeria is losing an estimated $9–10 billion each year due to post-harvest waste, a staggering loss that threatens food security, farmers’ incomes, and national economic growth. The warning comes from Segun Alabi, CEO of Davidorlah Nigeria Limited, a leading agritech firm specializing in large-scale pineapple farming and fruit concentrate production across West Africa. Alabi, whose […]
FCMB Named Nigeria’s Best SME Bank 2025, Leading SME Financing Across Key Sectors
First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). The accolade highlights the bank’s industry-leading 24% share of Nigeria’s N1.8 trillion total SME financing in 2024, reinforcing its pivotal role in supporting the country’s small and medium-sized enterprises. The award […]
Nigeria’s Economic Growth Strengthens as PMI Hits 56.4 in November
The Nigerian economy continued its upward momentum in November as the Composite Purchasing Managers’ Index (PMI) rose to 56.4 points, marking the twelfth consecutive month of expansion, the Central Bank of Nigeria (CBN) reported yesterday. The index reflects broad-based growth across 29 of 36 surveyed subsectors, signaling the strongest and most resilient expansion pattern recorded […]
TotalEnergies Sells 40% Stake in Nigerian Offshore Assets to Chevron to Boost Exploration
TotalEnergies has agreed to sell a 40% stake in its Nigerian offshore assets to Chevron, signaling a strategic reshuffle in its global portfolio. The divestment focuses on the PPL 2000 and 2001 licences in the West Delta basin, a prolific region for oil exploration. Despite the sale, TotalEnergies will retain operatorship and maintain a 40% […]
Dangote Urges End to Fuel Imports, Says Nigeria Can Meet Local Demand
Aliko Dangote, President and CEO of Dangote Industries Limited, has called for an immediate end to Nigeria’s fuel imports, asserting that the country has the capacity to meet domestic demand. Speaking during a visit by the South South Development Commission (SSDC) to the Dangote Petroleum Refinery and Fertiliser Complex in Lagos, Dangote criticised international oil […]
Nigeria Ranked ‘Critical’ on 2025 Instability Risk Index Amid Rising Economic and Political Pressures
Nigeria has been placed in the “critical” category on SBM Intelligence’s 2025 Instability Risk Index, scoring 52 out of 100 points. The report, released on Monday, underscores growing concerns about the country’s governance, economic management, and security environment, signaling potential risks for investors and policymakers alike. SBM Intelligence, an Africa-focused market and security intelligence firm, […]
How CBN’s FX Reforms Spark $2.25 Billion Eurobond Surge for Nigeria
Nigeria has made a bold return to global capital markets with a $2.25 billion dual-tranche Eurobond issuance that surpassed expectations. The 10-year and 20-year bonds, priced at 8.625% and 9.125% respectively, were heavily oversubscribed, signaling strong investor confidence in the country’s economic and fiscal reforms. Analysts say the robust demand underscores a renewed trust in […]