Every article here has been read, summarized, and reviewed by a human editor before it reached you — across African tech, business and finance.
The Nigerian Exchange All-Share Index fell 2,571.7 points on 20 May 2026, closing at 249,063.7, a 1.02% decline that pushed the index below the 250,000-point threshold for the first time in the session.BUA Cement led… Read full article →
The CBN's Monetary Policy Committee voted to hold the benchmark Monetary Policy Rate (MPR) at 26.5% at its 305th meeting held on 19–20 May in Abuja, announced by Governor Olayemi Cardoso.The hold follows a 50… Read full article →
A threat group called TeamPCP breached GitHub's internal systems, exfiltrating data from approximately 3,800 private repositories, which they advertised for sale on the Breached cybercrime forum for a minimum of $50,000.A GitHub employee installed a… Read full article →
Google announced at I/O 2026 that Antigravity, originally a coding environment, is being repositioned as a platform for building and managing teams of autonomous AI agents, backed by a new desktop app, CLI, SDK, and… Read full article →
Moniepoint has partnered with UK-based open banking platform tell.money to add Confirmation of Payee, a name-checking service that verifies recipient account details before money is sent, to its UK-to-Nigeria remittance platform, Monieworld.The move is designed… Read full article →
Bonny Light, Nigeria's flagship crude grade, traded at approximately $117 per barrel as US-Iran diplomacy progressed, with Vice President JD Vance stating both sides want a deal and President Trump pausing a planned military strike.The… Read full article →
Nigerian Aviation Handling Company Plc (NAHCO) held its 45th Annual General Meeting electronically on May 15, 2026, where shareholders approved a final dividend of ₦6.25 per share for the financial year ended December 31, 2025,… Read full article →
Cursor launched Composer 2.5, its fourth AI coding model in seven months, built on the open-source Moonshot Kimi K2.5 model, priced at $0.50 per million input tokens and $2.50 per million output tokens, significantly cheaper… Read full article →
The Lagos State government plans to more than triple its data centre capacity to over 250MW by 2030, with 146MW of additional facilities already in the pipeline, according to Commissioner Olatubosun Alake.Kasi Cloud has launched… Read full article →
K33 Research's head of research, Vetle Lunde, argues that Bitcoin's February low of approximately $60,000 represents the maximum drawdown of the current 2026 bear market cycle, a roughly 52% decline from the all-time high of… Read full article →
Nigeria Customs Service launched SCADS (Simplified Customs Advanced Declaration System) at the international wing of Nnamdi Azikiwe International Airport in Abuja, piloting between May 18 and May 22.The platform allows inbound international passengers to submit… Read full article →
The Nigeria Revenue Service (NRS) collected N7.44 trillion in Q1 2026 against a target of N9.68 trillion, a performance rate of 76.87%, down from 103.74% in Q1 2025 when the then-FIRS exceeded its target.The biggest… Read full article →
Dangote Industries has started early-stage activities for a deep-sea port inside the Olokola Free Trade Zone, spanning more than 10,000 hectares across Ogun and Ondo states along Nigeria's Atlantic coastline.The port is designed to handle… Read full article →
A self-replicating malware campaign called Mini Shai-Hulud, attributed to threat group Team PCP, struck on May 19, publishing over 300 malicious npm package versions in a 22-minute automated burst, affecting packages including echarts-for-react (1.1 million… Read full article →
NPF Microfinance Bank has published its list of unclaimed dividends on its official website, moving away from newspaper publications due to the large number of affected shareholders.Shareholders with outstanding claims are directed to contact registrar… Read full article →
Zichis Agro-Allied Industries Plc, listed on the NGX Growth Board on January 20, 2026, has upgraded its animal feed mill from 2 tonnes per hour to 5 tonnes per hour, projecting output of approximately 40,000… Read full article →
The Nigeria Revenue Service (NRS) has introduced a mandatory Tax Identification Number (Tax ID) system, linking every taxpayer, individual or business, to a unique identifier tied to their NIN or CAC registration number.The Tax ID… Read full article →
Google's SynthID watermarking technology, first demonstrated three years ago, has already been used to label 100 billion images and videos plus 60,000 years' worth of audio, and is now expanding beyond Google to partners including… Read full article →
The Nigerian All-Share Index rose 1,324.1 points to close at 251,635.4 on 19 May 2026, ending a four-session losing streak with a 0.53% gain, as market capitalisation climbed to N161.2 trillion.BUA Cement was the standout… Read full article →
PenCom and the NLC Lagos State Council held an interactive session in Ikeja to address widespread non-remittance of pension contributions by both public and private sector employers under the Contributory Pension Scheme (CPS), which has… Read full article →
Champion Breweries Plc will hold its 50th Annual General Meeting on May 21, 2026, at the Oriental Hotel, Victoria Island, Lagos, covering financials for the year ended December 31, 2025.The company acquired an 80% stake… Read full article →
The UK Department for Business and Trade launched the UK–Africa Ecosystem Week at London Tech Week, the first coordinated pan-African founder support programme of its kind, powered by UK–Africa Sandbox and Ventures 54.African founders from… Read full article →
Meta is reassigning roughly 7,000 employees into four new AI-focused divisions covering products, applications, and infrastructure, while simultaneously cutting around 8,000 jobs, about 10% of its global workforce of approximately 78,000.The restructuring, reported by Bloomberg,… Read full article →
Bitcoin traded around $76,700 on May 19, down from a recent rejection near $83,000, with analysts watching key support at $75,733 and $66,898.U.S.-listed sp ot Bitcoin ETFs recorded over $1 billion in cumulative net outflows,… Read full article →
In February 2026, MTN Group announced the acquisition of the remaining 75.3% of IHS Towers it did not already own, valuing the company at approximately $6.2 billion, funded largely through IHS's own $1.1 billion cash… Read full article →
The top five NGX-listed industrial goods companies, Dangote Cement, BUA Cement, Lafarge Africa, Beta Glass, and Chemical & Allied Products, recorded a combined N1.9 trillion in revenue in Q1 2026, a 22% rise from N1.5… Read full article →
The CBN is offering N650 billion across three maturities: N100 billion (91-day), N50 billion (182-day), and N500 billion (364-day) at a Dutch auction on May 20, 2026, on behalf of the Debt Management Office.The minimum… Read full article →
DEER Nigeria (operated by Damaje Engineering and Energy Resources Limited) launched V3 of its digital energy platform, allowing users to order cooking gas, diesel, electricity tokens, and solar solutions from a single mobile app with… Read full article →
On May 11 between 19:20 and 19:26 UTC, attackers compromised 42 TanStack npm packages and published 84 malicious versions by exploiting GitHub Actions cache poisoning and unsafe workflow permissions without ever stealing npm credentials directly.The… Read full article →
MTN Nigeria's monthly Average Revenue Per User (ARPU what each subscriber spends on average) rose to N5,184 in 2025, up from N3,542 in 2024, helping push total revenue to N5.2 trillion, a 55.1% increase year-on-year.Airtel… Read full article →
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