10% Of Nigerians Affected By Data Breaches Since 2004 – Report
A new report by global cybersecurity firm Surfshark reveals that 10% of Nigerians have fallen victim to data breaches since…
Category: Business
OpenAI and Microsoft Rework Partnership Amid $57.9B Funding and IPO Talks
OpenAI and Microsoft are in the midst of high-level negotiations to reshape their multibillion-dollar partnership, with an eye on enabling…
SoftBank Group seen booking modest fourth quarter loss as Vision Fund suffers
SoftBank Group is expected to report a net loss of 26.9 billion yen ($184.4 million) for its fourth quarter, marking…
Improved earnings, dividend payment lift investors’ fortune by N180 billion
In the first quarter of 2025, Nigerian investors have seen their fortunes rise by approximately N180 billion, driven by strong…
MTN Nigeria Pays N764.2bn in Taxes, Invests N3.5bn in Social Initiatives, and Reinforces ESG Leadership
MTN Nigeria Communications Plc (MTNN) announced a substantial contribution of N764.2 billion in taxes, levies, and duties to the Nigerian…
NGX Market Surge Adds N1.69tn in Capitalisation Amid Trading Boom
The Nigerian Exchange Limited (NGX) saw an impressive surge in market activity, with investors trading 2.645 billion shares worth N77…
Microsoft 2025 Work Trend Report: Rise of the Frontier Firm Signals AI-Led Workforce Evolution
Microsoft’s 2025 Work Trend Index, developed in collaboration with LinkedIn, introduces the concept of the “Frontier Firm”, a new type…
Shareholders Urge SEC to Overhaul Unclaimed Dividend Process in Nigerian Banks
Shareholders in Nigeria are pressing the Securities and Exchange Commission (SEC), registrars, and stockbrokers to reform the process for claiming…
US and China Reach Breakthrough Trade Deal in Geneva: Path Cleared for Economic Cooperation
After two days of tense negotiations in Geneva, the United States and China have reached a critical trade agreement that…
Bank of Ghana Warns Public About Foreign Investment Scams
The Bank of Ghana has issued a strong warning to the public regarding the growing threat of illegal foreign investment…
Dangote Refutes Marketers’ Claims, Asserts Refinery’s Capacity to Meet Nigeria’s Fuel Demand
The Dangote Petroleum Refinery has strongly countered accusations from oil marketers that it cannot meet Nigeria’s fuel demand. This controversy…
OpenAI Appoints Fidji Simo as CEO of Applications to Drive Global Operations and Growth
OpenAI has announced that Fidji Simo will become its new Chief Executive Officer of Applications, a role aimed at scaling…
Airtel Africa Gears Up for Airtel Money IPO, Projects H1 2026 Listing and Robust Financial Performance
Airtel Africa is making significant strides in its preparation for the IPO of Airtel Money, its mobile money service, with…
Lagos Approves Over 37,000 Building Permits in Six Years, Boosts Urban Development
Over the past six years, the Lagos State Government has approved a total of 37,266 building planning permits to drive…
Seplat raises oil output to over 131,000bpd
Seplat Energy Plc has significantly increased its daily hydrocarbon production in the first quarter of 2025, achieving an average of…
Global Food Prices to Drop by 7% in 2025, Led by Declining Rice Costs-GHANA
Global food prices are expected to see a significant decline in 2025, marking a second consecutive year of lower costs.…
Microsoft Triumphs in FTC’s Appeal, Securing $69 Billion Activision Blizzard Acquisition
In a significant legal win for Microsoft, a federal appeals court ruled on May 7, 2025, to reject a challenge…
FCMB Names Four New Millionaires in Ongoing Savings Promo
FCMB Millionaire Promo has once again changed the lives of four lucky winners, with each taking home ₦1 million in…
Africa’s Digital Leap: How Multi-Industry Fintechs Like Redtech Are Powering a Connected Future
Africa’s digital economy is undergoing rapid transformation, with fintechs leading the charge. While traditional players like Moniepoint and Flutterwave have…
Ghana’s Business Confidence Rebounds Under Mahama’s Macroeconomic Stability – Michael Kottoh
During a panel discussion on Channel One TV, Michael Kottoh, Managing Partner at advisory firm Konfidants, highlighted growing optimism among…
SEC Launches Tech Adoption Survey to Accelerize Innovation in Nigerian Capital Market
The Securities and Exchange Commission (SEC) of Nigeria has initiated a technology adoption survey targeted at Capital Market Operators (CMOs),…
African Startups Raise $803M in Early 2025, Signaling Strong Tech Sector Rebound
In a strong indication of recovery, African startups have collectively raised $803 million in funding between January and April 2025—a…
Nigerian Stock Market Adds N1.05 Trillion in Bullish Surge Driven by ETI, Nestle, Others
The Nigerian stock market experienced a major upswing as the Nigerian Exchange Limited (NGX) added N1.05 trillion in market capitalization…
Inflation Drops to 21.2% in April, Easing for Fifth Straight Month Amid Stronger Cedi-GHANA
Inflation in Ghana dropped to 21.2% in April 2025, the lowest level recorded in eight months, signaling a continued easing…
Africa Set to Lead Global Carbon Markets by 2025, Report Finds
A new report titled 2025 Africa Carbon Market Outlook (ACMO 25) reveals that Africa is on track to emerge as…
Nigerian CEOs Embrace AI and Market Expansion to Tackle Economic Challenges – PwC Survey
Nigerian CEOs are aggressively adopting artificial intelligence and exploring new markets as part of broader efforts to future-proof their companies…
Bitcoin Soars Past $97K as China Unleashes $138 Billion Stimulus and Fed Signals Liquidity Shift
Bitcoin shot past $97,000 midweek before settling just below at $96,000, fueled by China’s massive $138 billion liquidity injection and…
OpenAI to Halve Microsoft Revenue Share Amid Corporate Restructuring
OpenAI has informed investors that it plans to significantly reduce the share of its revenue going to Microsoft as part…
US-China Trade Talks Signal De-escalation, But Breakthrough Unlikely
After weeks of speculation, it’s official: top U.S. and Chinese trade officials will meet this weekend in Geneva. But let’s…
FMCG Firms See Profits Surge by Over 100% Amid Naira Stability in Q1 2025
The first quarter of 2025 has brought significant financial relief for several fast-moving consumer goods (FMCG) firms in Nigeria, as…