Emirates SkyCargo Launches Dedicated Freighter Service to Copenhagen

Emirates SkyCargo has added Copenhagen to its growing dedicated freighter network in response to rising demand from Denmark. The weekly Boeing 777 freighter service marks a significant expansion, increasing Emirates' freighter destinations to 38 globally.

Naira Weakens as CBN Scales Back Dollar Interventions

The naira depreciated by 0.12% to N1,543.03 per US dollar in the official market, according to Bloomberg BMatch data. This decline follows reduced foreign exchange interventions by the Central Bank of Nigeria (CBN), which sold approximately $50 million to authorised dealer banks last week to manage exchange rate pressures and boost FX liquidity.

Nigeria and U.S. Sign $52.88 Million Asset Repatriation Agreement

The Federal Government of Nigeria and the United States have signed an agreement to repatriate $52.88 million in forfeited corruption proceeds to Nigeria. The agreement, announced by Kimiebi Ebienfa, Acting Spokesperson for the Ministry of Foreign Affairs, was formalized on Saturday in Abuja.

Samsung Sets Galaxy Unpacked Event for January 22, 2025

Samsung has officially set the date for its first Galaxy Unpacked event of 2025. Scheduled for January 22 at 1 PM ET in San Jose, the event is expected to showcase the latest Galaxy devices, featuring cutting-edge AI technology and innovations in design and performance.

Recording Academy and MusiCares Commit $1 Million to Aid Music Professionals Affected by Los Angeles Wildfires

As wildfires devastate Los Angeles, the Recording Academy and MusiCares have pledged $1 million to launch the Los Angeles Fire Relief Effort, providing critical support to music professionals impacted by the crisis.

Nigeria: Telecom Tariff Hike Will Not Be 100% - Minister

Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, has confirmed that telecom tariffs in Nigeria will soon rise but not by 100%. Following a stakeholders’ meeting with Mobile Network Operators (MNOs) in Abuja, the minister stated that consultations are ongoing to determine the final adjustment.

Meta Introduces Community Notes System, Ending Fact-Checking Program to Support Free Expression

Meta is overhauling its content moderation policies, replacing its third-party fact-checking program with a user-driven Community Notes system inspired by X (formerly Twitter). The move reflects a commitment to reducing censorship and promoting free expression across Facebook, Instagram, and Threads.

Getty Images and Shutterstock Announce Transformative Merger

Getty Images and Shutterstock have unveiled plans to merge under the new corporate name Getty Images Holdings, Inc., marking a groundbreaking moment in the visual content industry. 

Amazon, Microsoft, and Meta Challenge Biden’s AI Chip Export Rules

Leading tech giants Amazon, Microsoft, and Meta are opposing the Biden administration’s imminent regulation on AI chip exports, citing risks to U.S. global leadership in artificial intelligence. The proposed rule limits access to advanced AI technologies, particularly for China, as part of national security measures. However, industry leaders warn the restrictions could inadvertently harm U.S. competitiveness in the rapidly evolving AI sector.

AI, Smart Homes, and Next-Gen Cars Take Center Stage as CES 2025 Kicks Off

The Consumer Electronics Show (CES) 2025 in Las Vegas is set to showcase groundbreaking innovations in AI-powered smart home technology and cutting-edge vehicles, drawing over 100,000 attendees during its four-day event. The show commenced today, Tuesday, 7 and will run till Saturday, 11 January 2025.

Guangzhou FC, China’s Most Decorated Football Club, Disbands Amid Financial Crisis

Guangzhou FC, the most successful football club in China’s history, has disbanded after failing to resolve its financial obligations. The club, formerly Guangzhou Evergrande, announced it could not meet the Chinese Football Association’s (CFA) financial entry requirements for the 2025 season.

Nigeria to Premiere TV Drama Series Highlighting Mining Sector, "Hidden Riches"

The Federal Government of Nigeria is set to unveil Hidden Riches, a television drama series exploring the complexities and potential of the nation’s mining sector. The series, premiering on January 25, 2025, aims to spotlight the industry’s pivotal role in driving economic transformation.

Nigerian Exchange Loses ₦152bn as Profit-Taking Drags Market Down

The Nigerian Exchange (NGX) saw its market capitalisation drop by ₦152 billion on Tuesday as investors cashed in on recent stock gains. The sell-off, driven by profit-taking in medium- and large-cap stocks, resulted in the All-Share Index declining by 0.24% to close at 103,398.82 points.