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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
The Securities and Exchange Commission has flagged a new meme coin, ‘PUNISHER COIN’ (also known as ‘SPUN’), as illegal and not approved for public issuance.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
The Nigerian Communications Commission is developing a cybersecurity framework to counter the growing threats of attacks in the communication landscape. The commission noted that growing technology advancements have increased threats from cyber actors in a cybersecurity framework development regulation meeting. In the first quarter of 2025, Nigerian organisations experienced 4,388 attacks weekly, according to Check Point Software. This represented a 47 per cent increase year-on-year.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
Investment in Artificial Intelligence (AI) in Nigeria is projected to reach $400 million by 2025, driven by increasing adoption in sectors such as finance, agriculture, and e-commerce. This was revealed in a new report by PwC, Microsoft, and Lagos Business School, which notes that although AI remains an emerging field, it has experienced growth in awareness, funding, and real-world application.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
Home > PREMIUM > AI investment in Nigeria to hit $400m as finance leads charge Share Investment in Artificial Intelligence (AI) in Nigeria is projected to reach $400 million by 2025, driven by increasing adoption in sectors such as finance, agriculture, and e-commerce.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
Netflix has once again raised its subscription prices in Nigeria, with its Premium Plan increasing by 21.43 per cent to N8,500 per month from N7,000. The latest price adjustment marks the first time the platform has increased its prices in 2025, but the third time since 2024, when it raised prices twice within the space of three months.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
When Bitcoin launched in 2009, it sparked conversations about the decentralisation of financial services. Central to this was decentralised finance (DeFi), a system that promised open, globally accessible financial services without banks, intermediaries, or gatekeepers. While DeFi platforms have grown in popularity among individuals, mainstream banks have remained cautious, largely due to the absence of regulatory oversight.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
Boluwatife Akanbi has been trying to replace her phone since last year but hasn’t been able to afford it. “I was looking at the Samsung A series (the brand’s mid-range phones), A30s and above, but they are around N500,000 and up,” she said. That is far above her budget, and more than seven times the national minimum wage of N70,000. The price of Samsung’s A30s series has jumped by 284.62 percent since 2021, when the A32 retailed for around N130,000.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
MTN Nigeria’s new data centre is expected to come online before the end of the current quarter, according to Yahaya Ibrahim, the telco’s chief technical officer. “Our new data centre is almost complete and is scheduled to go live this quarter. It is part of our broader strategy to strengthen infrastructure and support the continued growth of ICT services across the country,” Ibrahim told BusinessDay in an interview.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
In recent months, MTN Nigeria has come under fire for declining network quality, rising outages, and poor service. But behind the scenes, the company says it is grappling with structural challenges. In this interview, Yahaya Ibrahim, chief technical officer at MTNN, speaks to Temitayo Jaiyeola about the root of the crisis and more. How resilient is MTN’s network infrastructure, given the kinds of issues we’ve seen recently? The system has been quite resilient considering what it is up against.
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3 weeks ago | 
businessday.ng | Temitayo Jaiyeola
The federal government’s fiscal deficit grew to N22.37 trillion in the first 18 months of President Bola Tinubu’s administration (July 2023–December 2024). This marks a 74.6 percent increase from the N12.81 trillion deficit recorded between July 2022 and December 2023(under Muhammadu Buhari’s administration), according to new data from the Central Bank of Nigeria (CBN). A fiscal deficit occurs when government expenditure exceeds its revenue.
