China’s DeepSeek Releases New AI Model as Global Tech Rivalry Intensifies
Chinese artificial intelligence startup DeepSeek has launched a new AI model on April 24, 2026, marking another major step in…
Month: April 2026
Cohere to Acquire Germany’s Aleph Alpha in Strategic Europe Expansion Push
Canadian artificial intelligence company Cohere has announced plans to acquire German AI startup Aleph Alpha, marking a major step in…
Meta layoffs: Tech giant to cut 8,000 jobs as 10% workforce reduction begins May 20
Meta Platforms is set to reduce its global workforce by about 10%, a move that will affect roughly 8,000 employees,…
Dangote Refinery Aviation Fuel Exports Hit 1.1 Billion Litres to Europe as Nigeria Supplies 95% of Jet A1 Demand
The Dangote Refinery and Petrochemicals has been described as a major stabilising force in Nigeria’s aviation sector, supplying over 95%…
VAT Disbursement Rises 30% to N551.77bn in February 2026 as States Record Broad-Based Growth
VAT allocations to Nigeria’s 36 states and the Federal Capital Territory climbed sharply in February 2026, rising by 30.36% month-on-month…
CBN and NEXIM Strengthen Partnership to Boost Non-Oil Exports and FX Earnings in Nigeria
The Managing Director and Chief Executive of the Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello, has held strategic talks with…
Oil price surge to $105 per barrel amid escalating Iran-US tensions over Strait of Hormuz
Oil prices climbed sharply to over $105 per barrel on Thursday, reversing earlier losses as renewed tensions between Iran and…
FG borrows N2.69tn from bond market in Q1 2026 as investor demand surges
The Federal Government raised a total of N2.69tn from the domestic bond market in the first quarter of 2026, supported…
CBN Raises ATM Card Issuance Fee to N1,500, Scraps Monthly Maintenance Charge in New 2026 Banking Policy
The Central Bank of Nigeria (CBN) has announced a revision to banking charges, increasing the cost of issuing and replacing…
UK Targets £9 Billion Investment Push in Nigeria and Africa as BII Expands Frontier Market Strategy
The United Kingdom has unveiled plans to channel £9 billion in fresh capital into Nigeria and other African frontier markets…
Naira Weakens to N1,355/$ as External Reserves Fall to $48.48 Billion
The Nigerian naira came under renewed pressure on Thursday, weakening to N1,355 per dollar in the foreign exchange market as…
Sierra Leone Signs $225 Million Offshore Oil Deal with Marginal Energy to Boost Exploration
Sierra Leone has taken a major step toward revitalizing its oil and gas industry, signing a $225 million offshore exploration…
Investors Shift to State-Led Power Deals in Nigeria’s Electricity Market
Investors are quietly changing how they approach Nigeria’s long-struggling electricity sector, opting for state-led power deals instead of relying on…
NCC Orders Telcos to Compensate Users for Poor Service as MTN Begins Payout
Nigeria’s telecom regulator, the Nigerian Communications Commission (NCC), has directed mobile operators to compensate subscribers affected by poor network service,…
Oyedele’s Fiscal Expertise Will Strengthen Nigeria’s Economy Amid Fiscal Challenges – Mutfwang
Plateau State Governor, Caleb Mutfwang, has praised the appointment of Taiwo Oyedele as a key economic figure in President Bola…
Nigeria Debt Crisis Deepens as Servicing Costs Hit N15.81tn, Sparks Fiscal Discipline Calls
Nigeria’s growing debt burden is once again raising alarm across economic and policy circles, as rising debt servicing costs continue…
Oil Price Stabilizes at $95 as Middle East Tensions Push Markets Into Structural Tightness – Standard Chartered
Global oil markets are once again under pressure as geopolitical tensions in the Middle East flare up, pushing Brent crude…
Oil Prices Slip Slightly as U.S.-Iran Tensions Stall Talks and Disrupt Strait of Hormuz Shipping
Global oil markets experienced a slight pullback on Thursday as geopolitical tensions between the United States and Iran continued to…
Tesla Raises 2026 Spending to $25bn as Musk Bets Big on AI, Robotics and Autonomous Future
Tesla has sharply increased its planned capital expenditure for 2026 to more than $25 billion, marking a major strategic push…
UK Cyberwar Warning Raises Alarm Over Nigeria’s Cybersecurity Preparedness
The United Kingdom has issued a strong warning about the rising threat of cyberwarfare, a development that is drawing attention…
West Africa Digital Economy at Risk as WATRA Warns of Submarine Cable Threats
The West African Telecommunications Regulators Assembly (WATRA) has raised concerns over growing threats to West Africa’s fast-expanding digital economy, valued…
Nigeria Records 4,200 Weekly Cyber Attacks as Digital Economy Expands, Says Minister Tijani
Nigeria is experiencing an estimated 4,200 cyber-attacks every week, a growing threat closely linked to the rapid expansion of its…
Nigeria Money Market Shift: T-Bills Hit N3.2tr as Commercial Paper Market Slumps 58% in March 2026
Nigeria’s money market experienced a sharp shift in March 2026 as investors increasingly turned to government-backed securities. Treasury bills (T-bills)…
Nigeria Gas Sector Investment Hinges on Regulatory Clarity, Says NGA
The Nigerian Gas Association (NGA) has stressed that regulatory clarity, consistent policy implementation, and stronger institutional coordination are essential to…
Afreximbank, St Kitts and Nevis Sign Hosting Deal for ACTIF2026 to Boost Africa-Caribbean Trade Ties
The African Export-Import Bank (Afreximbank) and the Government of St Kitts and Nevis have officially signed a hosting agreement for…
NGX Premium Stocks Hit N54.3 Trillion Valuation as MTN, Dangote Cement and Seplat Lead Market Rally
Nigeria’s stock market is witnessing a powerful surge as the combined valuation of Premium Board stocks on the Nigerian Exchange…
Africa Needs Two More Dangote-Scale Refineries to Close Fuel Import Gap – AFC Report
Africa will need at least two more refineries the size of the Dangote Refinery to keep up with its fast-growing…
Google Workspace Gets AI Overhaul as ‘Workspace Intelligence’ Turns Gemini Into Your Office Assistant
Google has rolled out a major upgrade to its Workspace suite, introducing a wave of AI-powered tools designed to reshape…
European Stocks Fall as Germany Slashes Growth Forecast Amid Iran War and Energy Shock Fears
European stocks closed lower on Wednesday as investors weighed fresh economic warnings from Germany, ongoing geopolitical tension linked to the…
Transcorp Hotels Leads NGX Rally as Market Hits Record 219,586 Points Amid Strong Banking Gains
The Nigerian equities market closed at a fresh record high on April 22, 2026, as the All-Share Index rose to…