Nigeria’s economy is picking up pace, Apple is entering a new era, and AI is reshaping the fortunes of established companies. Nigeria’s GDP growth accelerated to 4.43% in Q2 as the Federal Government renews its push for a $1 trillion economy by 2030, while John Ternus takes over as Apple CEO after Tim Cook’s 15-year tenure. Meanwhile, Anthropic has released new AI models designed to be cheaper and less restrictive, as GoPro moves toward an AI-focused future in a reported $285

Nigeria’s economy is picking up pace, Apple is entering a new era, and AI is reshaping the fortunes of established companies. Nigeria’s GDP growth accelerated to 4.43% in Q2 as the Federal Government renews its push for a $1 trillion economy by 2030, while John Ternus takes over as Apple CEO after Tim Cook’s 15-year tenure. Meanwhile, Anthropic has released new AI models designed to be cheaper and less restrictive, as GoPro moves toward an AI-focused future in a reported $285

The rivalry between Sam Altman and Elon Musk is spilling further into the AI industry, while Nigeria’s dollar inflows are reaching new highs and investors are turning their attention to an unexpected corner of healthcare. OpenAI plans to end its partnership with Cursor following its acquisition by SpaceX, while Nigeria recorded $947 million in formal remittances in July. Meanwhile, a new wave of baldness treatments is drawing investor interest, and Nigerian defence-tech compa

AI demand is sending Nvidia’s value soaring, OPay could be bringing its fintech empire to Nigeria’s stock market, and Nigeria is getting another shot at global investor attention. Nvidia beat expectations with $96.2 billion in quarterly revenue, adding about $440 billion to its market value, while OPay is reportedly preparing for an NGX listing. At the same time, Meta has agreed to pay up to $18 billion to settle U.S. lawsuits over claims that its platforms contributed to soc

AI is becoming an even bigger part of how companies build products, invest capital and expand their businesses. Apple has unveiled a new Mac mini with up to four times faster AI performance, while Moniepoint is winding down its UK remittance business to refocus on Africa. Meanwhile, Ventures Platform has raised $84 million for its second fund, and MTN plans to develop 150MW of AI data-centre capacity across Nigeria and South Africa. All this and more in today’s Read It And Ea

Big fines, tighter rules and billion-dollar valuations are making headlines across the business world. Uber is facing a nearly $1 billion fine over automated driver suspensions, while Nigeria’s SEC is proposing limits on how much retail investors can put into crypto offerings. Meanwhile, AI startup Hugging Face is reportedly exploring a sale at a valuation of $13 billion, and smart-ring maker Oura is facing a lawsuit over claims about its sleep-tracking accuracy. All this and

The latest earnings reports are highlighting both strong growth and fresh pressure across major businesses. Heirs Insurance saw premiums surge despite a decline in profit, Applied Materials is benefiting from relentless AI chip demand, while eTranzact posted double-digit revenue growth. Meanwhile, Klarna is cutting its outlook as weaker consumer spending weighs on its business. Here’s what the latest numbers are saying about the companies shaping the market. All this and more

From a robot maker’s blockbuster debut in Shanghai to a breakthrough in cancer treatment and major moves in Nigeria’s capital markets, the business landscape is buzzing with big developments. Unitree Robotics soared more than 500% on its first day of trading, while Moderna shares surged after promising cancer vaccine results. In Nigeria, Dangote Refinery secured $1 billion in underwriting ahead of what could become Africa’s biggest IPO, even as Geregu Power settles a N6 billi

The business world is seeing major shifts across Wall Street, AI, and Nigeria’s economy. Jane Street suffered its first down month in a decade after losing $15 billion in July, while Anthropic’s revenue surged past $11.5 billion as demand for its AI products accelerates. In Nigeria, consumers are shifting toward Neighbourhood stores for everyday spending even as the NGX postpones its new equity pricing rules just a day before their scheduled rollout. From Wall Street and AI’s

AI demand continues to drive growth across the technology sector, but rising costs and weaker operating performance are putting pressure on earnings elsewhere. Supermicro beat expectations as stronger margins lifted profit, while CoreWeave's revenue more than doubled on booming demand for AI computing. Back home, Julius Berger's H1 profit fell despite higher revenue as rising costs weighed on the bottom line, while Geregu Power's profit plunged 88% as revenue collapsed 78.7%,

AI transparency, changing consumer habits and Nigeria’s improving corporate fortunes are shaping today’s headlines. Anthropic is moving to watermark AI-generated text as regulators push for greater transparency, while Bumble is ditching its women-first messaging rule in a bid to revive user engagement. Back home, Tantalizers has returned to profit after six years of losses, while Nigeria collected nearly $20 billion in taxes in the first seven months of the year as digital sy

First Securities Emerges As Nigeria’s No. 1 Broker As Bamboo Dominates Retail Trades, while Nigerians set a new data usage record after consuming 1.5 million terabytes in May. Meanwhile, Nvidia is bringing Wall Street deeper into the AI boom as it partners with major financial institutions to mobilize more than $500 billion for AI infrastructure, while Nigeria is tightening its grip on the $92 billion crypto market with new tax rules requiring exchanges to report customer tra

The AI boom continues to drive another blockbuster earnings season across aerospace, software and semiconductors. SpaceX delivered a strong public earnings debut as soaring Starlink demand helped it beat revenue expectations, while Palantir extended its AI-fuelled growth streak on the back of booming government and enterprise demand. However, SanDisk showed the uneven nature of the memory market, with a weak revenue outlook overshadowing an earnings beat. Back home, NASCON re

The race to shape the future of technology, industry, and global finance is accelerating. Amazon has reclaimed a $3 trillion market valuation as its AI-fuelled cloud business powers another post-earnings rally, while Nigeria has introduced its first tax framework for cryptocurrencies and virtual assets, bringing greater regulatory clarity to one of the world's largest crypto markets. Elsewhere, Dangote Cement has partnered with China's Sinoma International on an $800 million

The AI investment frenzy is showing both its rewards and its risks. Prominent AI investor Leopold Aschenbrenner has reportedly been forced to exit his public stock portfolio after heavy losses, while Oando is staging a strong turnaround by cutting its first-half losses by 77% and returning to quarterly profitability. Elsewhere, LinkedIn is cracking down on low-quality AI-generated content with a new reporting tool, and Sainsbury's is offloading Argos for £120 million as it sh

Mergers & Acquisitions News (M&A) $15B-listed GFL Environmental received takeover approaches at valuations “materially higher” than the current share price Bloomberg NYSE-parent ICE will buy credit electronic trading platform MarketAxess in a $5.7B deal Yahoo.Finance Dutch engineering ​consultancy group Arcadis rejected ‌an improved $5.7B takeover bid from Canada's WSP Global Reuters Johnson & Johnson acquired the option to buy immunology-focused biotech Sai

The AI boom and resilient consumer demand continue to power earnings across technology and industry. Microsoft crossed the $100 billion mark in annual cloud revenue as AI demand fueled another strong quarter, while Apple beat expectations after robust iPhone sales offset weaker performance in China. Back home, Dangote Cement delivered H1 2026 Profits, with a ₦318 billion in profit, on stronger exports, HBM Nigeria posted a solid H1 performance with a ₦318 billion profit , whi

China's AI-driven semiconductor push has produced another stock market sensation as CXMT surged 466% in its market debut to become the country's most valuable listed chipmaker, while S&P Global is expanding its African footprint through the acquisition of a majority stake in Nigeria's Agusto & Co. Elsewhere, Apple Partners With Klarna to launch iPhone leasing from $17.99 Per Month, while Nigeria's Federal Mortgage Bank is opening its National Housing Fund mortgage scheme to N

The race to build the infrastructure powering artificial intelligence is entering a new phase as Nvidia and OpenAI explore a $250 billion funding backstop for next-generation AI projects, while Africa's operational data centre capacity has surpassed 500MW, signalling the continent's growing role in the global digital economy. Elsewhere, Tesla's Cybertruck is being labelled one of the biggest commercial failures in automotive history as pressure mounts on the EV maker, while n

Mergers & Acquisitions News (M&A) Germany's $50B-listed Commerzbank is ready for takeover talks after Italian peer UniCredit secured a 48% stake in a hostile bid Reuters French warehouse specialist Argan and Belgian peer WDP will merge in an all-stock deal to form a $14.8B logistics real estate company Reuters Payments fintech Stripe is in talks to acquire LLM API startup OpenRouter for potentially $10B; the startup is valued at $1.3B Yahoo.Finance Jeff Bezos