Author: damazah@gmail.com

Apple has become only the second company to pass the $5tn valuation mark, as it benefited from investors fleeing AI and semiconductor stocks amid a wider tech sell-off.The iPhone maker’s shares hit a session high ⁠of $342.89 on Tuesday, giving it a market ⁠capitalisation of $5.04tn (£3.78tn), then eased back down to $340.08 – around the $5tn mark.Apple became the world’s most valuable company earlier this month, overtaking the chip giant Nvidia, which had been ⁠at the top since June 2025 and became the first company to breach the $5tn threshold last October.The US consumer electronics company’s rally has been…

By Luminous Jannamike The African Democratic Congress, ADC, on Tuesday hailed the Court of Appeal’s unanimous decision overturning the Federal High Court judgment ordering its deregistration, saying the appellate court found that trial judge, Justice Peter Lifu, had ‘concocted evidence’ in favour of the plaintiffs. The ruling effectively ends, for now, the legal battle over the party’s existence, affirming that the ADC remains a duly recognised political party under the Constitution and the Electoral Act and freeing it to focus on its political activities instead of defending its survival in court. The party made this known in a statement by…

The Nigeria Natural Medicine Development Agency (NNMDA) has identified inadequate funding, weak research infrastructure and equipment shortages as major obstacles to developing and integrating herbal medicine into Nigeria’s healthcare system. The Director-General of the agency, Martins Emeje, disclosed this on Tuesday during a one-day working visit by the Minister of Innovation, Science and Technology, Kingsley Udeh, to the agency’s headquarters in Lagos. Mr Emeje said the challenges have slowed efforts to validate traditional medicines scientifically and develop locally produced herbal products that can be safely incorporated into healthcare. Martins Emeje, the Director-General (DG) of the Nigeria Natural Medical Development Agency…

Africa Prudential Plc, a leading provider of share registration services and capital market solutions, successfully hosted its H1 2026 Investor Call on Tuesday, 28 July 2026, convening institutional investors, shareholders, investment analysts, regulators, and members of the investment community to discuss the company’s financial performance, strategic priorities, and outlook. Africa Prudential reported another strong half-year performance, demonstrating strong corporate governance and resilience, and the effectiveness of its growth strategy despite an evolving macroeconomic environment. During the call, management presented the company’s robust financial performance for H1, 2026, highlighting gross earnings of N4.28 billion, representing a 27% YoY growth from N3.34…

Kick It Out received a record 1,744 reports of discrimination during the 2025/26 season, the anti-discrimination charity has revealed.The figure represents a 25-per-cent increase on the previous campaign, while the number of recorded incidents also passed 1,000 for the first time, reaching 1,255.Reports increased across every area of the game, with complaints from professional football and grassroots both rising by 41 per cent to 636 and 458 respectively. Online reports also increased by five per cent to 650.Racism remained the most reported form of discrimination, accounting for 792 reports – 45 per cent of the total – while reports of…

Amazon Prime Video is stepping up its presence on hockey’s home ice in Canada, inking a 12-year deal for exclusive Wednesday night NHL broadcasts. The sublicensing arrangement with Canadian telecom and media giant Rogers Communications will put 26 regular season games in English and French on Prime in Canada, starting on September 30. The streamer also will carry playoff series in the first and second rounds. It already had been streaming NHL games and studio programming prior to gaining the weekly exclusive. Rogers, which operates pay-TV network Sportsnet, last year clinched an $11 billion rights deal with the NHL through…

The Young Leaders Forum of Nigeria (YLFN) has commended the National Youth Service Corps (NYSC) for its remarkable contributions to nation building, national integration, and educational development across rural communities, describing the scheme as one of Nigeria’s most enduring and impactful national institutions. The group, however, called on the Federal Government to prioritise improved funding for the NYSC, insisting that adequate financial support, not a fundamental restructuring of the scheme, was what is required to enable it to effectively achieve its secondary objectives, particularly in the areas of skills acquisition, entrepreneurship development, community service, and youth empowerment. In a statement…

First responders searched homes and buildings on Tuesday for possible victims of a powerful tornado that ravaged several north-eastern Wisconsin communities.The Fox Cities region, which is home to more than 100,000 people in the cities of Appleton, Menasha and Neenah, was left in shambles by Monday’s twister, with homes leveled, cars flipped and power lines and trees toppled.“The depth of the tornado and its impact is incredible, devastating. We’re really still at the assessment stage,” the Winnebago county executive, Gordon Hintz, said at a news conference on Tuesday.David Chew, 55, said a tree smashed through his roof in Menasha, and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The controversial plan by Fifa to spin out a new commercial entity and sell a stake to investors has prompted a fierce backlash from lawmakers, including Britain’s new prime minister, fan groups and European football’s governing body Uefa. On Tuesday, Fifa announced it would form a new company, dubbed Fifa Forward Enterprise, and seek to sell a roughly 20 per cent stake that values it at about $20bn. Talks are already advanced with Thrive Eternal, an investment vehicle run by Joshua Kushner, brother…

Spur Intelligence, a cybersecurity startup based in Lake Mary, Florida, has raised a $200 million round led by Insight Partners. Spur, founded by two former Defense Department engineers in 2017 — five years before ChatGPT’s public launch — was prescient. The startup’s tech helps enterprises distinguish legitimate human users from increasingly well-hidden bot traffic to help identify fake users and threats. “As sophisticated criminal VPNs, residential proxy networks, and anonymization infrastructure proliferate, organizations are increasingly operating with a critical blind spot: they can see the activity, but not the infrastructure behind it,” Insight’s Thomas Krane said in a written statement.…