Every article here has been read, summarized, and reviewed by a human editor before it reached you — across African tech, business and finance.
Airtel Africa announced a share buyback programme worth at least $50 million, running from May 22 to November 17, with all repurchased shares to be cancelled upon completion.The buyback will cover up to 1% of… Read full article →
Legend Internet PLC has fully repaid its Series 1 Commercial Paper under its N10 billion multi-layered issuance programme, completing repayment on schedule.The paper was oversubscribed by 119.7 per cent at launch, signalling strong investor appetite… Read full article →
BMONI, an AI-powered financial platform, has partnered with Mastercard to offer instantly issued virtual and physical Naira and US dollar payment cards to Nigerian consumers, available now via the BMONI app.The cards are globally accepted… Read full article →
Bitcoin fell 2.8% on Friday to $75,120, extending weekly losses to roughly 5% and pushing further from the $80,000 range, according to data logged on May 22, 2026.Total crypto liquidations reached $577.9 million in 24… Read full article →
A Federal High Court in Abuja voided eNaira Payment Solutions Ltd's claim to the 'eNaira' trademark, issuing a perpetual injunction barring the company from holding itself out as the trademark's registered owner.Justice James Omotosho upheld… Read full article →
Lagos State's total revenue reached N2.6 trillion in 2025, up 16% from N2.3 trillion in 2024, according to Finance Commissioner Abayomi Oluyomi at a press briefing in Alausa, Ikeja.Internally generated revenue (IGR), money the state… Read full article →
Only 2 of 46 licensed Mobile Virtual Network Operators (MVNOs), companies that offer telecom services by leasing infrastructure from major networks, have launched commercially, nearly three years after the NCC began issuing licences in 2023.Most… Read full article →
Seplat Energy held its 13th Annual General Meeting virtually on May 20, 2026, with most resolutions receiving more than 99.9 percent shareholder approval.Shareholders approved the 2025 audited financial statements, a final dividend for 2025, and… Read full article →
Cloudflare has rebuilt Browser Run on its own Containers platform, delivering 4x higher concurrency (120 simultaneous browsers, up from 30) and 50% faster response times, with no changes required from existing users.The upgrade is part… Read full article →
NNPC signed a memorandum of understanding with two Chinese firms, Sanjiang Chemical Company Limited and Xinganchen Industrial Park Operation and Management Co. Ltd. The MoU is focused on refinery engineering and petrochemical development, executed in… Read full article →
The All-Share Index (ASI) closed at 249,175.39 points on Thursday, a marginal 0.05% gain from the previous session, with market capitalisation at ₦159.73 trillion.Trading volume spiked to 1.06 billion shares, but total value fell to… Read full article →
Django 6.1 alpha 1 has been released, with developers advised to run tests in staging environments to catch compatibility issues early.Key updates include deprecation of QuerySet.select_related() with no arguments, a new preserve_request attribute on RedirectView… Read full article →
Trump Media transferred 2,650 Bitcoin worth approximately $205 million to Crypto.com, according to blockchain analytics platform Lookonchain. This is the company's second large Bitcoin transfer, following an earlier move of 2,000 BTC valued at roughly… Read full article →
BUA Cement shareholders approved a N10.00 dividend per share at the company's 10th Annual General Meeting held in Abuja, following a record revenue of N1.2 trillion in 2025, a 34.5% increase from N876.5 billion in… Read full article →
Uber has launched 'AV Lab,' a project deploying manually-driven vehicles fitted with cameras, lidar, and radar to collect real-world driving data, starting with a single Hyundai Ioniq 5.The data will be shared for free with… Read full article →
Paystack has launched a fully rebuilt Dashboard for the first time in 10 years, introducing an AI-native Command Centre that lets merchants ask plain-language questions and receive answers drawn directly from their own Paystack data.The… Read full article →
JetBrains has added a Laravel tool window to PhpStorm, allowing developers to monitor and manage Laravel Cloud deployments without switching to a browser dashboard.The feature ships as part of the Laravel Idea plugin, which is… Read full article →
Google unveiled Gemini 3.5 Flash at its annual Google I/O developer conference, integrating it directly into Google Search's AI Mode to handle complex, multi-step queries across text, images, videos, files, and browser tabs simultaneously.New 'Search… Read full article →
The CBN's Monetary Policy Committee retained the Monetary Policy Rate (MPR) at 26.50% on May 20, 2026, keeping borrowing costs elevated and sustaining relatively high yields on government securities.Nigerian Treasury Bills are yielding 16.15% for… Read full article →
Aliko Dangote has disclosed plans to list the Dangote Refinery on the stock market around September, with early share interest discussions already attracting commitments approaching $2 billion.The refinery, located in the Lekki Free Zone in… Read full article →
Digital infrastructure company Kasi Cloud has unveiled the first phase of a 100MW hyperscale, AI-ready data centre in Lekki, Lagos.Kasi Cloud launch is strategic because Nigeria currently spends an estimated $850 million annually on foreign… Read full article →
GitHub has experienced multiple major outages, a critical remote code execution vulnerability, and a breach of 3,800 internal code repositories, all in recent weeks, damaging its reputation among developers globally.Since former CEO Thomas Dohmke resigned… Read full article →
The Nigerian Communications Commission held a workshop in Lagos to review the National Telecommunications Policy for the first time since 2000, when Nigeria had only about 500,000 fixed phone lines and mobile phones were rare.The… Read full article →
Nigeria, Egypt, Kenya, and South Africa have each drafted AI strategies that explicitly name dependence on Google, Microsoft, Nvidia, and Meta as a security threat. South Africa's draft was withdrawn after AI tools used to… Read full article →
International Energy Insurance (IEI) Plc, a Norrenberger Financial Group subsidiary listed on the NGX, opened a N17.5 billion public offer on 20 May 2026, closing 11 June 2026.The offer comprises 5.47 billion ordinary shares priced… Read full article →
Seplat Energy CEO Roger Brown, speaking at the company's 13th AGM on May 20, 2026, said ongoing U.S.-Iran tensions are likely to push crude oil prices above Seplat's conservative 2025 budget assumption of $65–$70 per… Read full article →
Wema Bank's profit before tax hit N221.8 billion in the year ended 31 December 2025, a 116.44% jump from N102.5 billion in 2024, part of a three-year trajectory from N42 billion to N221.9 billion.The bank's… Read full article →
SpaceX publicly disclosed its IPO filing for a planned Nasdaq debut under the ticker SPCX, targeting a valuation of $1.75 trillion, which would make it the largest IPO in history.The filing reveals SpaceX has absorbed… Read full article →
Nakamoto is executing a 1-for-40 reverse stock split after Nasdaq warned the company that its share price had traded below the $1 minimum bid requirement for 30 consecutive business days, giving it until June 8… Read full article →
The CBN's Monetary Policy Committee met on Wednesday, May 20, 2026, for its 305th meeting and voted to hold the Monetary Policy Rate (MPR), the benchmark interest rate at 26.5%, as announced by CBN Governor… Read full article →
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