Every article here has been read, summarized, and reviewed by a human editor before it reached you — across African tech, business and finance.
First HoldCo Plc reported Q1 2026 profit of ₦267.8 billion, up from ₦171.1 billion in Q1 2025, a growth of over 56 percent driven by expansion in core banking operations and growth in loans and… Read full article →
Ten listed Nigerian banks, including Zenith, Access Holdings, GTCO, UBA, and First HoldCo, collectively generated N26.3 trillion in gross revenue in 2025, up 11.9 percent from N23.5 trillion in 2024, driven largely by interest income,… Read full article →
OpenAI is launching 'Trusted Contact,' an opt-in feature allowing adult ChatGPT users to designate a friend, family member, or caregiver to be notified if the system detects discussions of self-harm or suicide.Notifications are intentionally limited.… Read full article →
15 insurance firms have completed capital verification out of 24 approved by NAICOM (National Insurance Commission); 9 more are still under review and 5 others have applied to begin the processUnder the Nigerian Insurance Industry… Read full article →
At its 67th AGM held on April 30, 2026, in Lagos, Lafarge Africa confirmed five new director appointments, including Wang Xuanqian as Executive Director, and re-elected board chairman Gbenga Oyebode alongside two Independent Non-Executive Directors.Shareholders… Read full article →
NGX Regulation Limited (NGX RegCo), the regulatory arm of Nigerian Exchange Group, has recovered over N500 million in restitution to investors following the resolution of complaints against market operators.The largest single recovery was N326.85 million… Read full article →
Moniepoint CEO Tosin Eniolorunda clarified comments made at The Platform Nigeria's May Day event, saying the company has struggled to fill over 500 vacancies despite restricting hiring exclusively to Nigeria since 2024, not because Nigerians… Read full article →
DAAR Communications Plc stated on May 6, 2026, denying any authorised changes to its shareholding structure following alleged cyber-related discrepancies found on the Corporate Affairs Commission (CAC) portal.The company says it proactively notified the Nigerian… Read full article →
Access Holdings did not pay dividends for the 2025 financial year despite strong earnings, citing regulatory and prudential compliance issues, rather than performance weakness, according to the Group's Full Year 2025 Investors and Earnings Call.The… Read full article →
Aliko Dangote announced plans to list approximately 25% equity in Dangote Group assets across African capital markets, with projected annual revenues of up to $100 billion and EBITDA of $30–$35 billion once fully operational.The listing… Read full article →
NITDA has issued an urgent cybersecurity advisory about DeepLoad, an AI-enhanced malware actively targeting Nigerian government agencies, financial institutions, businesses, and individuals through fake website error messages that trick victims into pasting malicious commands into… Read full article →
The Financial Markets Dealers Association (FMDA) projects N10.53 trillion in total inflows into Nigeria's fixed-income market in May 2026, up from N9.08 trillion in April, according to its Monthly Market Report published on May 5,… Read full article →
Spot gold broke above $4,710 per ounce on Wednesday, up 3.38% on the session, while spot silver jumped 6.43% to around $77.46 per ounce.The rally is driven by sticky inflation expectations, expectations of eventual US… Read full article →
Amazon Web Services has made its AWS MCP Server (Model Context Protocol server) generally available, allowing AI coding agents to securely access over 15,000 AWS API operations using existing IAM credentials, without exposing broad permissions.The… Read full article →
Bumpa, an e-commerce platform, has partnered with Vendorcredit, a supply chain fintech, to launch Bumpa Capital, a working capital product embedded directly inside the Bumpa platform for merchants.Credit decisions are made using real-time transaction data,… Read full article →
SpaceX's IPO registration reportedly combines supervoting shares, mandatory arbitration, and Texas corporate law to give Musk and insiders broad, largely unchecked executive authority over the company.Musk currently holds 42.5 percent of SpaceX's equity and 83.8… Read full article →
Truecaller's 2025 Spam and Fraud Report ranks Nigeria eighth globally, with 51% of unknown calls classified as spam or fraud, the highest rate in Africa, ahead of South Africa at 30%, Kenya at 15%, Ghana… Read full article →
Mastercard has entered a strategic partnership with Yellow Card, an African stablecoin infrastructure provider, to integrate stablecoin capabilities into Mastercard's global payments network across Africa and the UAE.The partnership targets four areas: cross-border remittances, B2B… Read full article →
Kubernetes released user namespace support for pods in version 1.36, remapping root processes inside containers to unprivileged identities on the host, reducing the blast radius of certain container escape attacks.However, the feature does not isolate… Read full article →
Microsoft is offering a voluntary retirement buyout to US employees whose age plus years of service totals 70 or more, approximately 8,750 people, or 7% of its US workforce.Eligible employees receive a lump sum cash… Read full article →
Redtech Limited, MTN Nigeria's MoMo PSB, and UBA have launched a cardless payment integration allowing MoMo wallet holders to pay at UBA merchant locations via RedPay POS terminals, make branch withdrawals and deposits, and pay… Read full article →
Babylon Labs and Gomining announced a Trustless Bitcoin Vault (TBV) integration targeting up to 1,000 BTC worth approximately $82 million, allowing holders to earn native bitcoin yield from Gomining's industrial mining operations without wrapping, bridging,… Read full article →
The Nigerian Exchange (NGX) closed May 6, 2026, at 242,729.5, a 0.41% gain from the previous session's 242,750.15, with year-to-date returns rising to 55.98%.Airtel Africa topped the gainers' chart with a 10.00% rise to N3,323,… Read full article →
Laravel Installer v5.27.0 adds automatic detection of AI agent environments, including Claude Code, Cursor, GitHub Copilot, and Windsurf, and switches from interactive prompts to clean JSON output when detected.A successful install returns the app name… Read full article →
Anthropic expanded its Managed Agents platform with three new capabilities: 'dreaming' (scheduled memory review), 'outcomes' (quality grading by a separate agent), and multi-agent orchestration, where a lead agent assigns tasks to subagents.The 'dreaming' feature runs… Read full article →
Dangote Cement grew cement and clinker exports from Nigeria by 71.6% in Q1 2026, completing 10 clinker shipments to neighbouring markets in the quarter.Revenue rose 20.4% year-on-year to N1.198 trillion, while profit before tax jumped… Read full article →
Finance Minister Taiwo Oyedele confirmed Nigeria will not reintroduce fuel subsidies or price controls, speaking after a meeting with global investors, including Citibank and Amundi, in Paris.The government reported approximately 11.2 per cent GDP growth… Read full article →
An attacker purchased over 30 WordPress plugins with 400,000 combined installations from digital marketplace Flippa for a six-figure sum, then immediately inserted a hidden backdoor in the code disguised as a routine compatibility update.The malicious… Read full article →
The Central Bank of Nigeria (CBN) has issued a directive limiting Nigerian banks' offshore equity investments to 10% of shareholders' funds, giving Access Holdings 12 months to comply.Based on Access Holdings' shareholders' funds of approximately… Read full article →
The House of Representatives approved the Nigerian Communications Commission (NCC) budget of N476.51 billion for 2026, drawn entirely from the regulator's internally generated revenue. This means NCC funds itself and still transfers surplus to the… Read full article →
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