Every article here has been read, summarized, and reviewed by a human editor before it reached you — across African tech, business and finance.
Oil and gas companies operating in Nigeria flared 323 billion Standard Cubic Feet (SCF) of gas across all of 2025, 7.2% more than the 301.3 billion SCF flared in 2024, according to NOSDRA, Nigeria's environmental… Read full article →
Strategy Inc. (Nasdaq: MSTR) posted a $12.54 billion net loss in Q1 2026, driven by $14.46 billion in unrealized Bitcoin valuation losses, not operational failure, as revenue actually grew 11.9% year over year to $124.3… Read full article →
Zenith Bank approved a total dividend of N10.00 per share for the 2025 financial year, a 100% increase, at its 35th AGM held on May 5, 2026, at the Civic Centre, Victoria Island, Lagos.Founder Jim… Read full article →
MoMo PSB customers can now pay directly from their MoMo wallets at UBA merchant locations using 'Pay with MoMo' on RedPay POS terminals, and can also make deposits and withdrawals at UBA branches, unlocking access… Read full article →
Cybersecurity firm Surfshark ranked Nigeria 34th globally for data breaches in Q1 2026, with 281,500 Nigerian user accounts compromised between January and March.13 million passwords were leaked alongside Nigerian accounts, leaving 54% of breached users… Read full article →
Norrenberger Financial Group unveiled what it calls Nigeria's first Corporate Sustainability Report in Abuja, aimed at strengthening environmental, social, and governance (ESG) standards across Nigeria's corporate sector.The report is designed to move companies beyond mere… Read full article →
Kled AI, an opt-in marketplace that pays users to upload data for AI training, removed its app from the Nigerian App Store and IP-banned the entire region after discovering a roughly 95% fraud rate. Users… Read full article →
18 companies listed on the Nigerian Exchange (NGX) are paying dividends in May 2026, spanning banking, telecoms, industrial goods, oil and gas, and financial services sectors.MTN Nigeria leads with N15 per share, followed by Okomu… Read full article →
Heirs Insurance Brokers Limited has been awarded the NDPC Audit Compliance Trust Mark for 2025 by the Nigeria Data Protection Commission (NDPC), following completion of aData Protection Audit under the Nigeria Data Protection Act.CEO Tony… Read full article →
Anthropic has added 'auto mode' to Claude Code, allowing the AI to handle code generation, execution, tool use, and iterative refinement without constant human approval. Developers set the objective and step back.The previous model required… Read full article →
Nigeria's electricity distribution companies (Discos) collected ₦2.31 trillion in 2025, up from ₦1.7 trillion in 2024 and ₦1 trillion in 2023, a ₦610 billion year-on-year increase driven largely by the 'Band A' tariff structure that… Read full article →
Polygon has rolled out a private payments feature allowing users to send stablecoins on its network without publicly revealing the sender, receiver, or transaction amount, visible only as a verified transfer to outside observers.The privacy… Read full article →
Access Holdings Plc, Nigeria's largest bank by asset size, says its decade-long expansion phase is largely complete and is now refocusing on operational efficiency, stronger returns, and sustainable value creation across its existing footprint.The group… Read full article →
Àrgentil Capital Management Limited (ACML) was selected from over 180 global applicants as one of six fund managers in the inaugural Blended Finance Accelerator for Fund Managers (A4FM) cohort, a programme led by Convergence Blended… Read full article →
Bitmine chairman Tom Lee declared 'crypto spring has commenced,' citing price recovery despite cautious investor sentiment, following more than six months of weak pricing after an October 2025 market downturn.Bitmine purchased over 101,745 ETH worth… Read full article →
Multiple OpenJDK JEPs are being targeted for JDK 27, including advances in pattern matching, structured concurrency, and lazy constants, continuing a multi-release preview cycle stretching back to JDK 19.Spring AI 2.0.0 reached its fifth milestone… Read full article →
Sovereign Trust Insurance (STI) Plc is offering 2.51 billion ordinary shares at N2.00 per share, structured as three new shares for every seventeen held as of March 17, 2026, with the acceptance window running from… Read full article →
NITDA and Galaxy Backbone Limited (GBB) have partnered through the Office for Nigerian Digital Innovation (ONDI) to provide subsidized sovereign cloud services to startups in the iHatch programme, onboarding them to the Galaxy Cloud Platform… Read full article →
United Capital Plc has fully recapitalised all four of its SEC-regulated subsidiaries: Investment Banking, Asset Management, Trustees, and Securities, meeting and exceeding Nigeria's new minimum capital thresholds under SEC Circular No. 26, more than 14… Read full article →
AWS held its 'What's Next with AWS 2026' event on April 28, where CEO Matt Garman and OpenAI leaders announced a major expansion of their partnership, bringing GPT-5.5 and GPT-5.4 models directly into Amazon Bedrock's… Read full article →
Bitcoin crossed $80,000 on May 4, 2026 a 30% rise from cycle lows near $60,000 after months of failed breakout attempts following a January slide from all-time highs of $126,000.The primary catalyst was easing Middle… Read full article →
The Debt Management Office (DMO) opened the May 2026 FGN Savings Bond subscription from May 4–8, 2026, with settlement on May 13, offering two instruments: a 2-year bond at 13.525% and a 3-year bond at… Read full article →
Binance introduced 'Withdraw Protection' on May 4, allowing users to block all on-chain withdrawals for a self-selected window of one to seven days, with a default of 48 hours.The feature targets physical coercion scenarios; situations… Read full article →
Ten Nigerian startups received $56,000 each under the TECA Heat Action Wave (THAW) programme, backed by BFA Global, FSD Africa, ClimateWorks Foundation, and the UK's Foreign, Commonwealth & Development Office.The cohort operates across Lagos, Kaduna,… Read full article →
Sabou Capital, a Nigeria-based impact fund, has received an anchor investment from the Mastercard Foundation Africa Growth Fund, a $200 million vehicle focused on African-owned funds backing women-led and gender-diverse businesses.The capital targets early growth-stage… Read full article →
NNPC signed an MoU on April 30 in Jiaxing City, China, with Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co., Ltd. for a potential Technical Equity Partnership to complete, operate,… Read full article →
The All-Share Index (ASI), the benchmark index tracking all listed Nigerian stocks jumped 7.33% last week to 242,277.81 points, pushing total market capitalisation to ₦155.99 trillion.The rally was driven by heavy institutional buying, particularly in… Read full article →
Spot gold fell 0.5% to $4,588 per ounce and U.S. gold futures dropped 0.9% to $4,600 amid inflation fears driven by Brent Crude holding above $100 per barrel.Rising oil prices, partly linked to supply risks… Read full article →
Bitcoin surged nearly 3% to $80,529 on Monday, a four-month high after U.S. President Donald Trump announced 'Project Freedom,' an initiative to escort stranded cargo ships through the Strait of Hormuz amid U.S.-Iran tensions.The rally… Read full article →
Linkage Assurance posted Q1 2026 profit after tax of N6.25 billion, up from N736.3 million in Q1 2025, a roughly 749% year-on-year jumpThe profit surge was driven primarily by investment and other income, which grew… Read full article →
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