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Ex-UK cop probes alleged fraud in Nigeria’s oil tracking scheme
Oil and Gas

Ex-UK cop probes alleged fraud in Nigeria’s oil tracking scheme

By Melvin Onwubuke A former Assistant Commissioner of London’s Metropolitan Police, Tarique Ghaffur, has started investigations into the contract award of cargo and crude oil tracking note scheme to a Belgian firm, Antaser BV, by the Federal Government. The firm is also in legal tussle with Antaser Belgium and Antaser Nig Ltd, Velocity Logistics and […]

Shareholders to get N1.5bn dividend - NGX Group
Business

Shareholders to get N1.5bn dividend – NGX Group

By Melvin Onwubuke   The shareholders of the Nigerian Exchange Group will be earning N1.5bn dividends. The group declared an after tax profit of 5.2 billion naira in a statement signed on Monday by its Executive Director, Marketing and Corporate Communications, Clifford Akpolo. The group’s full-year audited financial statements revealed a 57.4 per cent rise […]

Natural catastrophes, conflict pose danger to countries' financial stability - Cardoso
Banking

Natural catastrophes, conflict pose danger to countries’ financial stability – Cardoso

The governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso, has stated that natural catastrophes and violence have jeopardized the financial stability of nations. The PUNCH recorded that, at the Joint World Bank/IMF/WAIFEM Regional Training on Medium Term Debt Management Strategy in Abuja on Monday, Cardoso issued the warning. The head of the Apex […]

Banks increase lending rates after CBN’s MPR hike
News

Banks increase lending rates after CBN’s MPR hike

By Melvin Onwubuke   Following the Central Bank of Nigeria’s record increase in monetary policy rate, Nigerian banks began to raise their lending rates, and businesses and individuals, who have already got credit facilities with them are going to be paying more for these loans. Zenith Bank, the country’s largest bank by market capitalization, raised […]

Google-backed satellite to track global methane emissions
Tech

Google-backed satellite to track global methane emissions

Launched on Monday from California, a new satellite, backed by Alphabet’s Google and the Environmental Defense Fund group, aims to detect methane emissions from the oil and gas industry. Named MethaneSAT, the satellite will join the existing fleet of spacecraft dedicated to combating climate change by providing data on emissions of this potent greenhouse gas. […]

Apple launches new MacBook Air models
News

Apple launches new MacBook Air models

Apple on Monday revealed two new MacBook Air laptops featuring its latest M3 processors, aiming to attract consumers seeking to upgrade to artificial intelligence-powered personal computers. The updated MacBook Air models are available in 13-inch and 15-inch screen sizes, boasting up to a 60% increase in speed compared to the previous model with Apple’s M1 […]

Naira can't return to previous rate against dollar - Omokri
News

Naira can’t return to previous rate against dollar – Omokri

A former presidential aide, Reno Omokri, has revealed that the country is allocating $1.5 billion to defend the naira in an interview with TVC. Omokri who the television station invited to speak about the recent turbulence in Nigeria stated that the naira would not revert to its status of two or three years ago, and […]

Anthropic integrates Brave search into Claude’s AI platform
Tech

AI startup Anthropic launches new chatbot Claude model

Anthropic, a startup backed by Google and Amazon, unveiled a new suite of artificial intelligence models called Claude 3 on Monday, marking the latest development in the ongoing competition among Silicon Valley giants to promote increasingly powerful technology. According to the startup, the most advanced model in the Claude 3 family, Claude 3 Opus, surpasses […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
Tech

Apple hit with $1.95bn fine by EU

Apple was hit with an EU antitrust fine of over 1.8 billion euros ($1.95 billion) on Monday, its first ever, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store. The European Commission’s decision was triggered by a 2019 complaint by Swedish music streaming service Spotify over […]

Canal+ aims for increased stake in MultiChoice
Business

Canal+ aims for increased stake in MultiChoice

After a decision by South Africa’s Takeover Regulations Panel, Vivendi’s French media business, Canal+, has declared its unwavering desire to purchase further shares of the pay-TV giant MultiChoice by April 8. The Times recorded that, because Canal+ owns 35.01% of MultiChoice, the panel ordered it to disclose its clear intention, so requiring a forced offer. […]

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