Blog

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple explores integrating OpenAI, Google’s AI into iOS 18

Apple is in discussion with both OpenAI and Google to introduce generative AI to iOS 18 the next iPhone operating system, but has not reached a final decision. Business Insider earlier reported that the 16th version of the iPhone was expected to be launched. It’s the first time that generative artificial intelligence will be integrated […]

Minister threatens to revoke Kogi-Benin Road contracts
News

Minister threatens to revoke Kogi-Benin Road contracts

The Minister of Works, David Umahi, has issued a stern ultimatum to contractors handling sections I-IV of the Lokoja-Benin and Obajana Junction-Benin roads in Kogi and Edo states, threatening to revoke their contracts if they fail to sign the reviewed contract agreements. He set a deadline of Thursday, April 25, and Friday, April 26, 2024, […]

NAFDAC shuts unregistered bakeries, water packaging companies in Plateau
News

NAFDAC shuts unregistered bakeries, water packaging companies in Plateau

The National Agency for Food, Drug Administration and Control has taken action against several unregistered bakeries and water-packaging companies operating without the necessary approval in Plateau State. Mr. Shaba Mohammed, the Director of the North Central Zone, reported that various water-packaging firms were discovered to be operating under substandard Good Manufacturing Practices, leading to their […]

Air Peace denies alleged safety protocol violations in UK
News

Fire alarm falsely triggered on Air Peace plane – Management

Air Peace management responded to reports of a fire incident involving one of its aircraft in Lagos on Thursday, firmly asserting that the “alarm was falsely triggered, and there was no fire.” The incident occurred aboard flight P47193 from Port Harcourt to Lagos and was swiftly resolved with no adverse consequences, the airline’s management informed […]

NNPCL signs deal to build 100,000bpd plant in PH refinery
News

NNPCL signs deal to build 100,000bpd plant in PH refinery

The Nigerian National Petroleum Company Limited has finalized a contract with African Refinery Port Harcourt Limited to construct a 100,000 barrels per day refinery within the Port Harcourt Refinery and Petrochemical Complex located in Rivers state. This significant development was disclosed by the national oil company via its official communication channel, with Dapo Segun, the […]

Naira strengthens slightly to N1,534.52/$ at official market
News

Naira slides to N1,450/$1 on parallel market

The Nigerian naira continued its downward trajectory, extending its weakening trend yesterday to reach N1,450 per dollar on the parallel market, down from N1,300/$1. Similarly, data from FMDQ revealed a further depreciation of the local currency on the official market, with the naira closing at N1309.88/$1 on Thursday, compared to N1,308.52 per dollar the previous […]

150,000 Nigerians got FG's N50k grant - Minister
News

150,000 Nigerians got FG N50k grant – Minister

The Minister of Industry, Trade, and Investment Doris Uzoka-Anite has announced that about 150,000 individuals received the sum of N50,000 this week from conditional Grant Scheme initiated by the Federal Government. This was disclosed in a post by the Minister via her official X handle on Thursday. Uzoka-Anite called on the public to be wary […]

TikTok launches campus verification to help students connect
News

TikTok not up for sale – Bytedance

Chinese tech giant, ByteDance has declared its intention to retain ownership of TikTok, rebuffing speculation spurred by a new US law that imposed a deadline for its divestment from the immensely popular video-sharing platform to avoid a potential ban in the United States. In response to concerns raised by US lawmakers citing national security risks, […]

150,000 Nigerians got FG's N50k grant - Minister
News

150,000 Nigerians got FG’s N50k grant – Minister

The Minister of Industry, Trade, and Investment Doris Uzoka-Anite has announced that about 150,000 individuals received the sum of N50,000 this week from Conditional Grant Scheme initiated by the Federal Government. This was disclosed in a post by the Minister via her official X handle on Thursday. Uzoka-Anite called on the public to be wary […]

CBN warns public against fake contracts, grants, intervention fund scams
News

FG borrows additional N3.8trn from CBN in six months

The Federal Government of Nigeria acquired an additional N3.8 trillion through what appears to be fresh Ways and Means Borrowing within the last six months of 2023. This is according to the latest data bulletin for the fourth quarter of 2023 released by the central bank, The provisional data from the Central Bank of Nigeria […]

Economy

FG borrows additional N3.8trn from CBN in six months

The Federal Government in what appears to be Ways and Means has received an additional N3.8 trillion in the last six months. This is based on preliminary data published in the last statistical bulletin for the first quarter of 2023, which was recently made public by the Central Bank, according to nairametrics. The Central Bank […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Meta CEO Zuckerberg loses $18bn as stock decline

The latest quarterly earnings call for Meta, led by CEO Mark Zuckerberg, resulted in a seismic shift in the tech mogul’s net worth. A jaw-dropping loss of $18 billion ensued as Meta’s stock took a sharp nosedive in the aftermath of the call. Despite Meta exceeding revenue and profit expectations, investor confidence faltered as the […]