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Naira drops to all-time low on official window, trades at 1348/$
Business

Naira trades at N1,185/$ as liquidity concerns continue

Bureau de Change Operators have said that the naira traded at 1,185/$ on Wednesday on the parallel market as the liquidity problem remained. According to The PUNCH, several BDC owners indicated that although the local currency had not yet reached its actual value, this was a minor increase over Tuesday’s trading of 1,190/$. The naira was purchased […]

Google agrees to pay $700M antitrust settlement
Uncategorized

Search function to now solve physics, math questions – Google

Google, the search engine giant has announced that it has upgraded its Lens and Search functions to assist customers with any maths and physics challenges. Google announced the changes in a blog post, noting that users can now receive assistance with word issues, beginning with numerous basic concepts from high school physics, thanks to developments in […]

FBNH, GTCO join NGX banking index
Business

NGX begins Nov positive as ASI crosses 70,000 mark

The All-Share Index closed at 70,581.76 points, marking the first time in history that it has crossed the 70,000 barrier, as NGX extended its bullish run during a highly good trading day. The Times reported that the market capitalization increased by N739 billion to settle at N38.778 trillion, generating a 1.94% gain for the equity market. […]

PayPal expands into U.S. POS market with new debit card
News Tech

PayPal to begin crypto operations in UK

The Financial Conduct Authority said on its website that PayPal has registered to offer cryptoasset operations in the United Kingdom. Companies that wish to offer cryptoassets must demonstrate to the FCA that they have adequate measures in place to prevent them from being exploited for money laundering or terrorism financing, even as the British crypto […]

LinkedIn faces lawsuit for allegedly training AI with private messages
News Tech

LinkedIn users hit one billion

Microsoft-owned social network with a business-oriented focus, LinkedIn, on Wednesday, announced that it has over 1 billion members and is expanding its artificial intelligence services for paid customers. Reaching the billion-user milestone places LinkedIn in the upper echelons of social media networks, with competitors like Meta. Members of LinkedIn keep a resume-like profile showcasing their […]

Tinubu appoints Olusi as new BoI boss
featured News

Tinubu writes Senate, seeks $7.8bn, €100m loans approval

President Bola Tinubu on Wednesday sought the approval of lawmakers at the Red Chamber for another $7.8bn and another €100m. This is coming barely 24 hours after seeking approval of N2.18tn Supplementary budget. The President’s request was contained in a letter read by the Senate President, GodsWill Akpabi, on Wednesday. The letter from the President […]

Zenith Bank ranks among top 100 global corporation
Business

Zenith Bank’s Q3 profit hits N505bn

The topline metrics of Zenith Bank Plc saw a three-digit increase for the third quarter that ended in September 2023, thanks to both interest and non-interest income. The PUNCH reported that the lender’s unaudited third-quarter financial statements, which were submitted to the Nigerian Exchange Limited, disclosed this. The financial group’s Q3 statistics show that Zenith Bank’s earnings […]

Business

FG to unveil one million CNG cars by 2027

The Federal Government has announced plans to launch one million compressed natural gas-powered vehicles by 2027. The Special Assistant to the President on Special Duties and Domestic Affairs, Toyin Subaru, made the announcement during a stakeholders’ meeting on Sunday at the Bank of Industry headquarters in Abuja, according to The PUNCH. Subaru revealed that 11,500 […]

FBNH, GTCO join NGX banking index
Business

NGX Group grows profits by 606% to N1.22bn

The Nigerian Exchange Group’s earnings after tax increased by 606.2% to N1.22 billion at the end of the third quarter, compared to N172.7 million at the same time in 2022. The Punch reported that the group, which included Nigerian Exchange Limited, Nigerian Exchange Regulations, and NGX Real Estate, disclosed its unaudited results for the nine months […]

Tinubu signs seven bilateral agreements with Qatar
featured News

Defense, works top Tinubu’s 2023 supplementary budget proposal

President Bola Tinubu gave top priority to safeguarding Nigerians and their belongings in his N2.176tn 2023 supplemental budget plan, which was presented to the House of Representatives on Tuesday. Defence received the largest allocation of N476.543bn. The PUNCH reported that this is hardly surprising considering the actions of bandits and other criminal groups in the […]

Canva launches employee stock sale at $42bn valuation
News Tech

Canva launches Classroom Magic for educators, students

Canva has released a new version of its Magic Studio called “Classroom Magic,” which is intended exclusively for educators and students. Situated within the Canva for Education platform, which was introduced in 2019 and is presently utilised by 50 million educators and students worldwide, the business claims that the new Classroom Magic incorporates several of […]