Apple Sets September 9 Event for iPhone 18, Foldable iPhone and New Apple Watch

Apple has announced September 9 as the date for its next major product launch, setting the stage for its annual iPhone unveiling and potentially its biggest hardware announcement in years.

FG Unveils ₦365m Annual Prize Fund for Tertiary Institutions National Laureate Programme

The Federal Government of Nigeria has unveiled a ₦365 million annual prize fund for the Tertiary Institutions National Laureate Programme (TINLP), an initiative aimed at rewarding outstanding student research and promoting innovation in Nigeria’s higher education system.

Nigerian Exchange Loses N260bn as Sell-Off Extends to 11 Sessions

The Nigerian Exchange (NGX) All-Share Index (ASI) extended its losing streak into midweek trading on Wednesday, shedding about N260 billion in market capitalisation as broad-based selling pressure persisted for the 11th consecutive trading session.

AFC Launches Climate-Resilient Infrastructure Fund to Mobilise Nigerian Institutional Capital

AFC Capital Partners (ACP), the asset management subsidiary of Africa Finance Corporation (AFC), has launched the Infrastructure Climate-Resilient Fund Nigeria (ICRF Nigeria), a dedicated platform designed to mobilise domestic institutional capital for investment in climate-resilient infrastructure projects across Nigeria and Africa. 

SBI Media Marks 13th Anniversary with Eye Care Outreach in Lagos Community

Leading marketing communications agency, SBI Media, has marked its 13th anniversary with a community health outreach in Kosofe Local Government Area of Lagos, providing free presbyopia-medicated glasses to thousands of residents.

Rite Foods Celebrates Eid-el-M aulud, Urges Muslims to Uphold Unity and Peace

Rite Foods Limited has felicitated Muslim faithful across Nigeria on the occasion of this year’s Eid-el-Maulud, which commemorates the birth of Prophet Muhammad, the leader of the Islamic faith.

Ventures Platform Closes Pan-African Fund II at $84m

Ventures Platform, Africa’s leading seed-stage fund, has announced the final close of its second institutional fund, VP Pan-African Fund II (VP PAF II), at $84 million, exceeding its original target of $75 million.

Intron unveils Sahara v2.5 to bring natural African language mixing to voice AI

Intron, an Africa-focused voice technology platform, has unveiled Sahara v2.5, a new generation of its voice AI platform designed to understand how Africans naturally communicate, including switching between languages within the same sentence or conversation.

WhatsApp Strengthens Account Security With Advanced Two-Step Verification and Multiple Passkeys

WhatsApp is rolling out new security features designed to make it harder for attackers to take over user accounts while giving users greater control over how they protect their profiles.

FDX by GITEX to unveil blueprint for Africa’s inclusive financial future

Africa’s rapidly evolving financial sector is poised for its next phase of transformation, driven by the rapid growth of digital payments and the need to expand access to financial services.

Tax Ombud, OGFZA Partner to Boost Investor Confidence, Attract FDI

The Office of the Tax Ombud and the Oil and Gas Free Zones Authority (OGFZA) have agreed to deepen inter-agency collaboration to strengthen investor confidence and attract more foreign direct investment (FDI) into Nigeria’s oil and gas free zones.

TikTok Reaches Landmark $400 Million Privacy Settlement

TikTok and its parent company, ByteDance, have agreed to a $400 million settlement with the U.S. Department of Justice (DOJ) to resolve allegations that the social media platform violated children’s privacy laws.

Investors Lose N443bn as Nigerian Stock Market Downturn Enters Ninth Day

The Nigerian stock market extended its losing streak to nine consecutive trading sessions on Friday, with investors losing more than N443 billion as sustained selling pressure pushed the local bourse deeper into bearish territory.

ABU Zaria Hosts Soundcity OnTour as BIGI and Fearless Hunt for Nigeria’s Next Music Stars

Ahmadu Bello University (ABU), Zaria, is set to become a major stop in the search for Nigeria’s next music stars as Soundcity OnTour arrives on campus from August 18 to 20, bringing live music, talent discovery and a ₦1 million prize to Kaduna.

Nike Closes More Than a Dozen Neighbourhood Stores Across US

Nike has abruptly closed more than a dozen of its small, neighbourhood-focused stores across the United States, marking another shift in the sportswear giant’s physical retail strategy.

Andrea Quaye Named Marketer of the Year at Bookmark Awards

Publicis Groupe Africa has celebrated Andrea Quaye's recognition as Marketer of the Year at this year's Bookmark Awards.

What dollar strength cycle mean for traders

The USD still ranks among the major forces that drive financial markets all over the world. When the USD gains in value, it rarely affects currency pairs alone; it may have implications for commodities, stock market indices, capital movement, and risk appetite.

FG Commissions Upgraded Ijora, Apapa Substations, Adds 208MW Transmission Capacity in Lagos

The Federal Government of Nigeria has commissioned two upgraded transmission substations in Lagos, adding 208 megawatts (MW) of bulk transmission capacity to one of the country's most economically important corridors.

BIGI, Fearless Take Soundcity OnTour to 20 Nigerian Campuses

Rite Foods Limited, through its BIGI Carbonated Soft Drinks and Fearless Energy Drink brands, has partnered with Soundcity OnTour to bring music, entertainment and talent discovery to 20 tertiary institutions across Nigeria.

STEM Africa Fest 2026 Inspires Over 3,800 Young Innovators in Lagos

STEM Africa Fest 2026 brought together more than 3,800 children, parents, educators and STEM enthusiasts in Lagos on 18 July 2026, promoting the theme “Building Future Innovators” through interactive workshops in science, engineering, coding and artificial intelligence.

Anthropic projects up to $200bn revenue by 2028 as AI giant prepares for IPO

Anthropic is projecting annual revenue of between $190 billion and $200 billion by 2028 as the artificial intelligence company prepares for what could become one of the largest Initial Public Offerings (IPOs) in history.

Tegbe Calls for Swift Implementation of Nigeria-China Aquatic Products Protocol

The Honourable Minister of Power, Joseph Tegbe, has called for the swift implementation of the Nigeria-China Aquatic Products Protocol, saying the landmark agreement must translate into increased exports, higher foreign exchange earnings and stronger opportunities for Nigerian businesses.

FMYD, NiYA Partner Cascador to Unlock Capital for Young Nigerian Entrepreneurs

The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to support and fund the next generation of Nigerian youth entrepreneurs.

LG Introduces Smarter Washing Solutions for Nigerian Households

As Nigerian households increasingly embrace technology to simplify everyday life, laundry care is evolving from a routine chore into a smarter and more efficient home experience.

Vodacom appoints former Airtel Africa CEO Segun Ogunsanya to board

Vodacom Group has appointed Segun Ogunsanya, the former chief executive officer of Airtel Africa, to its board as the telecommunications company strengthens its leadership team to drive its Vision 2030 strategy.

CBN Lifts Restrictions on Banks’ Access to FX, Government Securities at Discount Window

The Central Bank of Nigeria (CBN) has lifted its previous restrictions on banks’ access to foreign exchange and government securities at the Discount Window (DW), with the decision taking immediate effect.

NCC Records Over 5,000 Fibre Cuts in Six Months, Blames Road Construction, Excavation

The Nigerian Communications Commission (NCC) has disclosed that more than 5,000 telecoms fibre-optic cable cuts were recorded across Nigeria in the first six months of 2026, with road construction, excavation and other civil works identified as major causes.

What the ICC Email Controversy Tells Nigeria About Danger of Digital Dependence

Nigeria’s rapid digital transformation is creating a new strategic challenge: the country is becoming increasingly dependent on foreign-owned cloud and digital infrastructure to run critical parts of its economy.

WARC reveals key insights from winners of Cannes Creative Effectiveness Lions 2026

Strategic use of cultural insights, interactive experiences, creator partnerships and platform-native ideas are emerging as key drivers of commercial success, according to a new report by WARC, the global authority on marketing effectiveness.

BIGI, Fearless Transform Campus Activations Through Soundcity On Tour 2026

BIGI and Fearless Energy Drink are redefining youth engagement by turning campus activations into immersive consumer experiences through Soundcity On Tour 2026.

The Mutual Fund Menu: Choosing the Right Investment for Every Financial Goal – First Asset Management

Imagine walking into a restaurant with an extensive menu. There are healthy salads, hearty local dishes, spicy delicacies, and indulgent desserts. If you ask the waiter which meal is the best, the answer will likely be, “It depends on what you are looking for.” Someone looking for a light lunch will choose differently from someone celebrating a special occasion.

Emirates expands travel flexibility with free date changes, lower refund fees and enhanced travel cover

Emirates is introducing a range of measures designed to give customers greater flexibility, choice and peace of mind when planning and managing their journeys.

Yomi Otubela Named Chairman of The Industry Newspaper’s Top 50 Nigerian Companies of Impact 2026

The Industry Newspaper, Nigeria’s premier publication covering marketing, media and the business economy, has announced renowned entrepreneur and educationist, Chief Yomi Otubela, as Chairman of the 2026 edition of its flagship special project, Top 50 Nigerian Companies of Impact.

South Africa’s Content Creator Awards Unveils 2026 Partners as Creator Economy Grows

South Africa’s growing creator economy is attracting increasing attention from major brands, with companies recognising the influence, reach and commercial value of digital creators.

Tegbe Inaugurates REA Board, Calls for People-Centred Leadership

The Honourable Minister of Power, Joseph Tegbe, has inaugurated the newly constituted Governing Board of the Rural Electrification Agency (REA), urging members to place the interests and welfare of ordinary Nigerians at the centre of their decisions.

STEM Africa Fest 2026 Gives More Than 3,800 Young Nigerians Hands-on STEM Experience

More than 3,800 children, parents, teachers and STEM enthusiasts gathered at Landmark Event Centre on July 18 for STEM Africa Fest 2026, one of Nigeria’s largest practical learning events designed to inspire children through science, technology, engineering and mathematics.

GITEX highlights Nigeria’s digital transformation drive as Africa eyes US$1 trillion AI economy

Nigeria is turning its digital ambitions into tangible national transformation, using progressive policies, artificial intelligence (AI) innovation and human capital development to accelerate socio-economic growth and deliver long-term benefits to citizens.

Meta announces Muse Code and Muse Spark 1.2 for advanced AI coding

Meta has announced Muse Code (beta), MSL's first coding agent, alongside Muse Spark 1.2, an upgraded AI model designed to power the coding tool and support more advanced software development tasks.

Nigeria Introduces Stamp Duties, Tax ID Requirement for Crypto Traders

The Nigeria Revenue Service (NRS) has introduced new tax guidelines requiring cryptocurrency exchanges and other virtual asset platforms to collect stamp duties, value-added tax (VAT) and withholding taxes, while integrating customers’ Tax Identification Numbers (TINs) into their registration processes.

Nigerian Treasury Bills Yields Decline as Investors Increase Demand for Naira Assets

The average yield on Nigerian Treasury bills (NTBs) fell by four basis points (bps) in the secondary market on Wednesday as investors continued to increase their exposure to naira-denominated assets.

PalmPay Targets Hong Kong IPO, Seeks $200m Funding at Over $1bn Valuation

Africa-focused fintech company PalmPay is reportedly preparing for an initial public offering (IPO) in Hong Kong while pursuing a private funding round that could raise about $200 million and push its valuation beyond $1 billion. 

Zenith Bank Confirms Cybersecurity Breach, Says Customer Funds and Accounts Remain Safe

Zenith Bank Plc has confirmed a cybersecurity incident involving unauthorised access to parts of its database, assuring customers that account balances, transaction records, and core banking systems remain secure.

Publicis Groupe Africa Names Jarred Trembath Head of Influential for Sub-Saharan Africa

Publicis Groupe Africa has appointed Jarred Trembath as Head of Influential, Sub-Saharan Africa, as the group strengthens its creator marketing capabilities and expands its integrated approach to influencer-driven campaigns across the region.

FG Approves Funding Framework to Electrify Health Facilities Nationwide

The Federal Government has approved an institutional reform and financing framework aimed at accelerating the electrification of health facilities across Nigeria, with officials saying the move will help provide reliable 24-hour electricity to hospitals affected by unstable power supply.

Presco Grows H1 2026 Pre-Tax Profit by 9.3% to ₦122.2bn, Proposes ₦10 Interim Dividend

Presco Plc has reported a 9.3 per cent year-on-year increase in profit before tax (PBT) to ₦122.2 billion for the half-year ended 30 June 2026, as lower finance costs and disciplined cost management helped the agro-industrial company navigate a challenging operating environment.

Starbase Technologies Unveils Yolly to Reward Users for Watching, Streaming and Creating Content

Starbase Technologies has launched Yolly, a new social entertainment platform that rewards users for watching, streaming and creating content, as the company seeks to redefine participation in the digital economy.

Clea Unveils Vendor Payments to Streamline International Supplier Transactions for African Businesses

Clea, a stablecoin-powered cross-border payments platform supporting African businesses in global trade, has launched Vendor Payments, a new feature designed to simplify payments to international suppliers, vehicle auction platforms and shipping companies directly through its platform.

Arsenal Extend Emirates Shirt and Stadium Sponsorship to 2033

Arsenal Football Club and Emirates have signed a long-term extension to one of football’s most enduring commercial partnerships, with the airline remaining the club’s front-of-shirt sponsor, training kit partner and stadium naming rights holder until 2033.

Africa Emerges as the Next Global Hub for Travel, Discovery and International Exchange

Africa has been identified as the next frontier for global travel, discovery and international exchange, with the World Public Summit Africa highlighting the continent’s growing influence in tourism, investment, diplomacy, culture and innovation.

Access Holdings Denies Access Bank Shutdown Claims, Threatens Legal Action Over False Report

Access Holdings has dismissed as false reports claiming that its subsidiary, Access Bank, is shutting down operations, reaffirming that the bank remains fully operational and financially sound.