SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion all-stock transaction, strengthening its position in the enterprise AI market and expanding its artificial intelligence ecosystem following its record-breaking Nasdaq debut.
President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to developing a large-scale industrial and free trade zone in Olokola, located in Ilaje Local Government Area of Ondo State, signaling a significant boost to Nigeria’s industrialization and economic development efforts. The renewed investment plan was unveiled during Dangote’s visit to Governor Lucky Aiyedatiwa…
The Nigerian Communications Commission (NCC) has launched a comprehensive review of Nigeria’s telecommunications pricing framework, marking the first major reassessment of industry tariffs in nearly a decade. The review, being conducted in partnership with global consulting firm KPMG, officially commenced during a Mobile Termination Rate (MTR) stakeholder forum held in Lagos. The exercise brings together…
Nigerian banks generated a remarkable ₦224.69 billion from electronic banking services and ATM/card-related charges during the first quarter of 2026, highlighting the growing role of digital transactions in the country’s financial sector. The figure, compiled from the unaudited financial statements of 11 listed banks, represents a 12.56 percent increase from the ₦199.61 billion recorded during…
Artificial intelligence giant Nvidia has announced plans to raise $25 billion through a U.S. bond offering, marking its first return to the investment-grade debt market since 2021 and underscoring the company’s commitment to maintaining its leadership position in the rapidly evolving AI industry. The bond issuance exceeded initial expectations after strong investor demand prompted the…
Nigerians have strongly pushed back against a recommendation by the International Monetary Fund (IMF) urging the Federal Government to introduce new taxes on telecommunications services and fuel products as part of broader efforts to boost government revenue. The proposal, contained in the IMF’s latest Article IV Consultation Report on Nigeria, has sparked criticism from consumers,…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), demanding a full account of approximately ₦5.9 billion reportedly spent during the transition of the former Nigerian National Petroleum Corporation (NNPC) into the newly incorporated NNPCL. According to SERAP, the expenditure relates to the incorporation, restructuring,…
The Philippines has moved to tighten its oversight of the cryptocurrency sector by prohibiting licensed digital asset platforms from offering privacy-focused cryptocurrencies, marking one of the country’s most significant regulatory actions in the evolving crypto market. The new directive, issued by the Bangko Sentral ng Pilipinas (BSP), the country’s central bank, bars all licensed Virtual…
The National Youth Service Corps (NYSC) has announced the temporary suspension of the 2026 Batch B Stream I Orientation Course for prospective corps members posted to Niger State, citing ongoing renovation work at the state’s orientation camp. The development was disclosed in an official notice shared by the scheme, which informed affected prospective corps members…
The Nigerian Education Loan Fund (NELFUND) says more than ₦206 billion has been disbursed to students and tertiary institutions across the country within the past two years, in what officials describe as a major step toward expanding access to higher education in Nigeria. A member of the NELFUND Board, Umar Faruk-Lawal, disclosed this while speaking…
