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Anthropic details Claude watermarking system to meet EU AI

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US drops lawsuit against Binance
featured News

Two Binance execs remanded in prison after court appearance

Two Binance executives, representing the world’s largest cryptocurrency exchange, will remain in custody for at least another two weeks in Nigeria. Despite appearing in court for the first time on Wednesday and not facing any charges, their families disclosed. A U.S. citizen, Tigran Gambaryan serving as Binance’s head of financial crime compliance, and Nadeem Anjarwalla, […]

Musk's Neuralink livestreams brain-chip patient's chess win
News

Musk’s Neuralink livestreams brain-chip patient’s chess win

Elon Musk’s brain-chip venture Neuralink on Wednesday, broadcasted its livestream of a patient utilizing a chip implanted in his brain to engage in online chess using his mind. Noland Arbaugh, a 29-year-old individual paralyzed below the shoulder due to a diving accident, maneuvered a chess game on his laptop by manipulating the cursor with the […]

Meta, Microsoft, others join Epic Games' suit against Apple
News

Meta, Microsoft, others join Epic Games’ suit against Apple

Meta, Microsoft, Elon Musk’s X, and Match Group on Wednesday, joined Epic Games’ protest against Apple, alleging that the tech giant has failed to comply with a court-ordered injunction regarding payments in its App Store. These technology companies, known for developing some of the most popular apps in the App Store, asserted that Apple’s actions […]

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

Private sector warns against lifting FX ban on diary products

The organised private sector has warned against the lifting of the foreign exchange restrictions, the Central Bank of Nigeria placed on the importation of milk and dairy products, stating that it could result in the decline of local production within the country. Members of the Organised Private Sector gave the warning on Wednesday, according to […]

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

Naira rebounds to N1,400/$ as speculators offload forex

The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This follows the announcement by the Central Bank of Nigeria the final settlements of all valid foreign exchange backlogs, fulfilling a key pledge of […]

Oil and Gas

MIDOil to set up 100,000bpd modular refinery in Lagos

MIDOil Refining and Petrochemicals Company Limited has concluded plans to commence the construction of a 100,000 barrels per day modular refinery at Sekungba/Ejinrin, Ikosi/Ejinrin Local Council Development Area of Lagos State. This was disclosed by the Executive Chairman of MIDOil, Mrs Elizabeth-Omolara Akintonde, during the unveiling of a three-in-one investment opportunity recently. According to Akintonde, […]

First bank appoints five new directors
Banking

First bank appoints five new directors

Nigeria’s foremost bank banking with a legacy spanning 130 years, FBN Holdings, is embarking on a journey under billionaire investor Femi Otedola. This is marked by the appointment of five directors, signaling a strategic shift towards robust governance and enhanced operational effectiveness. At the helm of this new era is Mr. Olufemi Otedola, assuming the […]

Oil and Gas

50% of gas flared by Shell occurred in Nigeria – Report

Oil and gas giant, Shell Plc, has said about 50 per cent of total routine and non-routine flaring in its integrated gas and upstream facilities in 2023 occurred in assets operated by the Shell Petroleum Development Commission and Shell Nigeria Exploration and Production Company. This was revealed in its report titled ‘Shell Energy Transition Strategy […]

News

South Africa’s consumer inflation rises to 5.6%

South Africa’s consumer inflation increased for the second time in a row in February, inching closer to the Central Bank’s upper target. Economists in the country stated this could imply longer waits for rate cuts. According to Reuters, headline consumer inflation rose to 5.6% year on year from 5.3% in January, Statistics South Africa data […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
featured News

CBN clears all ‘valid’ FX backlog

The Central Bank of Nigeria has officially confirmed the settlement of all valid foreign exchange backlogs totaling $7 billion, fulfilling a significant commitment made by its Governor, Mr. Olayemi Cardosoo. Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications at the apex bank, affirmed in a statement released on Wednesday in Abuja that independent […]

Access Bank to acquire National Bank of Kenya
featured News

Access Bank to acquire National Bank of Kenya

Access Bank has moved to acquire the National Bank of Kenya from the KCB Group. This marks its second acquisition of a Kenyan bank in under five years after a move to acquire Sidian Bank fell through in 2023. Paul Russo, CEO of KCB Group, expressed optimism about the deal, stating that Access Bank will […]

News

United Capital urges inter-sectoral collaboration for financial inclusion

United Capital Asset Management Ltd, a subsidiary of United Capital Plc, has urged for inter-sectoral collaboration to enhance financial inclusion in the country. The company has stated this in its first Investment Forum, which was set up as a platform for industry stakeholders to dialogue on the issue of Financial inclusion, Themed “Deepening Financial Inclusion […]

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