Author: Staff Writer

Access Holdings Plc has announced the appointment of Mr. Innocent Ike as its substantive Group Managing Director/Chief Executive Officer, effective August 29, 2025, following regulatory approval. The decision marks a new chapter for the holding company while also recognizing the impactful leadership of Ms. Bolaji Agbede, who has served as…

Moody’s Corporation has announced plans to acquire a majority equity stake in the Middle East Rating & Investors Service (MERIS), a leading domestic credit rating agency in Egypt. The move strengthens a partnership that has lasted for more than two decades and underscores Moody’s commitment to supporting the development of…

The last few years have been difficult for Bungie. The studio has faced criticism for repetitive content, balance issues, and declining community activity. Player numbers have fallen, meaning that new releases have not replicated the success of the first installments. The upcoming Destiny: Rising should be a new start for…

The Central Bank of Nigeria (CBN) has issued a new directive mandating all licensed payment operators—including Deposit Money Banks (DMBs), Microfinance Banks, Mobile Money Operators, Payment Terminal Service Providers (PTSPs), and Super Agents—to comply with the ISO 20022 standard for payment messaging. In addition, all Point-of-Sale (POS) terminals in the…

Nigeria has unveiled a major step toward reshaping its automotive sector with the launch of a cutting-edge automotive training centre at the Lagos State University of Science and Technology (LASUSTECH), Ikorodu. The initiative, inaugurated by the Federal Government, is designed to strengthen local vehicle production, accelerate electric vehicle (EV) adoption,…

India has outlawed online gambling after 450 million citizens lost billions on money games. The new law bans fantasy sports and betting apps, while promoting esports and safe social games as part of the country’s digital future.

Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA) has secured a $10 million investment from the Mastercard Foundation Africa Growth Fund, a move that could reshape financing for agricultural small and medium-sized enterprises (agri-SMEs) across sub-Saharan Africa. The deal, channeled through MEDA Mauritius, underscores growing recognition that Africa’s…

Yaba College of Technology has landed fresh international backing for its research ambitions. The Lagos-based institution secured a €117,000 (₦200 million) grant from the European Union to build an integrated, solar-powered aquaponics system that combines catfish farming with vegetable and maize cultivation. The project—known as AQUACLEC—is designed to address one…

Progress is inevitable. In mankind’s quest to know the unknown and solve the unsolvable, we’ve built machines that fly, devices that talk, and gadgets that think. This technological run of innovation has been more of a sprint than a marathon. Scores of people around the world have contributed to this…

In the world of toys, few characters have achieved the meteoric rise of Labubu—a sharp-toothed, bunny-eared elf born from the imagination of Hong Kong illustrator Kasing Lung. What began in 2015 as part of Lung’s whimsical series The Monsters has since evolved into a multi-billion-dollar global craze, reshaping the fortunes…

Meta Platforms has entered into a landmark cloud computing deal with Google worth more than $10 billion, underscoring the social media giant’s intensifying investment in artificial intelligence infrastructure. The six-year agreement will see Meta leverage Google Cloud’s servers, storage, networking, and related services to support its growing AI operations, according…

MTN Group has announced a major leadership shake-up as part of its strategic realignment for 2025, unveiling new executive appointments that will take effect from 1 November 2025. Among the most significant changes is the expanded role of Karl Toriola, who will now serve as Vice President (VP) of Francophone…

Cross-border trade between Africa and Asia has grown rapidly in recent years, creating enormous opportunities for businesses on both continents. Yet, one of the biggest hurdles for Asian exporters and African importers has been payments—often complex, risky, and painfully slow. In a move to address these challenges, Flutterwave has announced…

Nigerians planning to visit the United States will now face an additional requirement as part of their visa application process. The U.S. government has directed that all visa applicants must provide details of their social media activity over the past five years. According to the directive, applicants are required to…

The African Union (AU) has thrown its weight behind a global campaign to retire the 16th-century Mercator projection and replace it with maps that more accurately represent Africa’s true size. The move is not just about cartography — it’s about reclaiming Africa’s place in the world. A Map That Distorts…

The Bill & Melinda Gates Foundation has announced a landmark $2.5 billion commitment through 2030 to accelerate research and development (R&D) in women’s health, marking the largest single investment in this area in the foundation’s history. The funding will support more than 40 innovations in five chronically underfunded areas, with…

When Ozempic, a GLP-1 receptor agonist developed by Novo Nordisk, was first introduced, it was hailed as nothing short of revolutionary in the fight against type 2 diabetes and, later, obesity. Approved by the U.S. Food and Drug Administration (FDA) in 2017 for diabetes management, the drug’s ability to control…

Ampersand, the pioneering electric mobility company transforming motorcycle transport in Africa, has closed a landmark funding round aimed at turbocharging its expansion across East Africa. The deal blends equity and debt, drawing participation from a mix of global and African investors and highlighting growing confidence in the region’s shift toward…

The U.S. Securities and Exchange Commission (SEC) has secured a landmark enforcement action against a Nigerian accountant and his firm for aiding one of the largest financial frauds involving an African tech company in U.S. markets. On August 11, 2025, the U.S. District Court for the Southern District of New…

Do Kwon, once hailed as one of the brightest minds in blockchain innovation, has admitted guilt to two U.S. charges — conspiracy to defraud and wire fraud — in a case that has become one of the largest fraud prosecutions in cryptocurrency history. The 33-year-old South Korean entrepreneur co-founded Terraform…