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X to launch long-form video on smart TVs soon
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X to launch long-form video on smart TVs soon

Billionaire Elon Musk announced that long-form videos will soon be accessible on smart televisions, following reports from Fortune magazine indicating that social network X is planning to launch a TV app for Amazon and Samsung users next week. Last October, the platform introduced an early version of video and audio calling for select users, aligning […]

Apple to pledge $100bn to US manufacturing
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Apple makes u-turn, restores Epic Games account

In response to pressure from European regulators, Apple took a step back in its dispute with Epic Games on Friday, allowing Epic to introduce its own game store on iPhones and iPads in Europe. Earlier in the week, Apple had prevented Epic from establishing a store and re-releasing the popular game Fortnite, which Apple removed […]

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

Analyst forecasts naira appreciation to N1200/$1

Melvin Onwubuke Goldman Sachs analysts Andrew Matheny and Bojosi Morule have forecasted a significant appreciation of the exchange rate to N1,200 to a dollar. That is a profound recovery from its perceived undervalued state. The projection is based on the transition of Nigeria away from a destabilising monetary policy, with significant, negative interest rates, which […]

Power crisis hits manufacturers as energy costs rise 27%
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Power crisis hits manufacturers as energy costs rise 27%

Melvin Onwubuke In view of the crisis affecting the power sector in Nigeria, the energy costs incurred by some of the largest listed companies in the country increased significantly last year. The most energy costs reported in 2023 are recorded by cement manufacturers, with BUA Cement posting an increase of 86.5 percent to N123,26 billion […]

FX crisis: Kano industries switch to recyclers for raw materials
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FX crisis: Kano industries switch to recyclers for raw materials

In Kano, the business centre of northern Nigeria, thousands of people make a living by feeding their little and medium-sized industries with reprocessed materials such as rubber and iron. In addition, these local recyclers serve as pain relievers to firms that are finding it difficult to obtain foreign exchange, particularly the US dollar for the […]

Implement price control on farm inputs - experts urge FG
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Implement price control on farm inputs – experts urge FG

Melvin Onwubuke In view of the increasing cost of food staples in the country, an agronomist and entrepreneur, Dr. Joseph Effiong, has called on the Federal Government to take a look at introducing price controls for farm inputs. This was disclosed while speaking at an event recently, in Lagos, according to Thisday. Effiong stated that […]

31.5 million Nigerians at risk of food crisis - Report
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31.5 million Nigerians at risk of food crisis – Report

Melvin Onwubuke   A new recent report by Cadre Harmonise reveals that no fewer than 31.5 million Nigerians are on the verge of food insecurity between June and August 2024. This is worsened by the removal of the fuel subsidy, affecting the macroeconomics through inflation in agricultural inputs and transport. The report noted that between […]

International breweries raise campaign for ‘responsible drinking’
News

International breweries raise campaign for ‘responsible drinking’

Melvin Onwubuke   International Breweries Plc, as it announced the conclusion of its yearlong Responsible Beverage Services campaign in Port Harcourt, Rivers State, has emphasized the need to drink responsibly. RBS, an initiative of AB InBev Foundation focused on discouraging harmful use of alcohol as well as alleviating alcohol-related harms such as drunk driving, underage […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
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Smart TVs will eventually offer X’s Long-Form Videos – Elon Musk

The billionaire, Elon Musk, stated that “Long-form movies will soon be accessible on smart TVs. This comes after Fortune magazine revealed that social network X intended to release a TV app for Samsung and Amazon customers the following week. After Musk stated “He intended to transform the platform into a super app with features like […]

Transcorp Power emerges top NGX weekly gainer
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Transcorp Power emerges top NGX weekly gainer

Transcorp Power Plc, a prominent power firm recently listed on the Nigerian Exchange Group Plc, emerged as the top gainer for the week, reporting a substantial gain of approximately N835 billion by the close of weekly trading. This surge highlights the strong demand for the shares of the new power company, concluding the week with […]

OpenAI, Elon Musk agree to quicken trial over AI dispute
News

Sam Altman rejoins OpenAI’s board with three new directors

Only a few months after a heated boardroom dispute that resulted in his dismissal and subsequent rehire by the ChatGPT firm, Sam Altman will rejoin the OpenAI board, the company said on Friday, March 8. According to the corporation, an internal inquiry conducted in the days after Altman’s stormy discharge last year revealed that he […]

Lagos plans CNG-powered buses by end of 2024
Transportation

Lagos to sanction Uber over breach of agreement

Uber Technologies System Nigeria Ltd. has been the target of a punishment by the Lagos State Government for violating a significant data-sharing agreement. This was verified in a statement released in Lagos on Friday by the Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi according to Nairametrics. Osiyemi clarified that “The drive for the move […]

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