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NUPRC explores crude swap deals to cut costs

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OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
Tech

New York Times ‘hacked’ ChatGPT to build copyright lawsuit – OpenAI

OpenAI has requested a federal judge to dismiss New York Times’ lawsuit, stating that the newspaper engaged in “hacking” to manipulate its ChatGPT chatbot and other AI systems, generating misleading evidence for the case. OpenAI claimed in a filing on Monday that the Times used “deceptive prompts” that violated its terms of use, causing the […]

Fraud: FTX CEO pleads for leniency, cites fund recovery
Tech

Fraud: FTX CEO pleads for leniency, cites fund recovery

In a detailed sentencing submission, Sam Bankman-Fried’s lawyer, Marc Mukasey, presented a compelling case before U.S. District Judge Lewis Kaplan, advocating for a lenient sentence for the FTX founder. Bankman-Fried stands convicted of orchestrating the misappropriation of $8 billion from customers of the now-bankrupt cryptocurrency exchange, a case that prosecutors have deemed one of the […]

Aston Martin postpones launch of first battery electric vehicle
Tech

Aston Martin postpones launch of first battery electric vehicle

Aston Martin announced on Wednesday that it is postponing the launch of its first battery-electric vehicle by a year. The London-listed luxury carmaker now plans to release the BEV in 2026, delaying the launch from its previous target of next year. In June of the previous year, Aston Martin had entered into a supply agreement […]

TikTok reassigns senior executive team
Tech

TikTok reassigns senior executive team

ByteDance-owned short video app TikTok is undergoing changes in its senior executive team. The shakeup includes the reassignment of the person overseeing its trust and safety unit responsible for content moderation, as reported by the Information on Tuesday. Adam Presser, the app’s operations head, who directly reports to TikTok CEO Shou Zi Chew, will now […]

Nestle Nigeria reports N104bn loss in 2023
Economy featured

Nestle Nigeria reports N104bn loss in 2023

By Melvin Onwubuke Nestle Nigeria Plc has announced a loss before tax of N104 billion for the year 2023. This was disclosed in the 2023 Financial Statement of the company, published on the NGX on Wednesday 28, 2024. According to the financial statement, it reported foreign exchange loss of N195 billion, which accounted for basically, […]

National assembly proposes CBN capital base increase to N1trn
News

National assembly proposes CBN capital base increase to N1trn

Melvin Onwubuke The National Assembly has made attempts with a proposal that could drive the CBN capital base to a staggering N1 trillion. This proposal was part of a larger legislative effort summed up in a bill which recently progressed to its second reading on the floor of the Senate. The bill titled, “Bill for […]

Abia gets $125m from Islamic Bank for roads
News

Abia gov Otti denies previous administration’s contributions to power plant

The governor of Abia State, Alex Otti, has attested that no monetary contributions were made by the previous state government to the newly inaugurated 188MW geometric power plant project in the state. According to The Times, the governor made his remarks in a press conference on Tuesday at Government House, Umuahia, through Minister of Commissioner […]

Customs partners EU to streamline trade, documentation
News

Customs partners EU to streamline trade, documentation

By Melvin Onwubuke   The Nigerian Custom Service has announced it’s partnership with the Directorate-General Taxation and Customs Union of the European Union with the purpose of simplifying trade processes, supervising exports, and enhance documentation in Nigeria. This was disclosed by the Comptroller General of Customs, Adewale Adeniyi, following a discourse with DG TAXUD officials, […]

Media startup Dailyhunt set to acquire X rival Koo
Tech

Media startup Dailyhunt set to acquire X rival Koo

Media startup Dailyhunt is reportedly in advanced discussions to acquire the Bengaluru-based social network, Koo. According to TechCrunch, the potential deal is in the advanced stages and involves a share-swap agreement, with the finalization expected within weeks. Koo, positioning itself as a Twitter competitor, has actively sought new capital throughout the past year. The social […]

FG begins construction of 700km Lagos-Calabar highway
Business

Oil drilling in Nigeria won’t stop – FG

Despite pressure from the West to cease investing in fossil fuels, Nigeria’s Federal Government said on Tuesday to Western countries in America and Europe that it would not stop exploring for fossil resources. According to the PUNCH, it said that several American and European nations had been investing in fossil fuels and were requesting that […]

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