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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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US invests $244m in 18,000 Nigerian businesses
Business featured

US invests $244m in 18,000 Nigerian businesses

The United States has provided assistance to 18,000 Nigerian small enterprises in order to promote economic development and entrepreneurship. According to The Punch, the project would bring in a new era of growth and opportunity for local businesses with an investment of $244 million. The US government on October 10, through the US Agency for International […]

Nigeria can become global talent exporter, says NITDA DG
Business

Nigeria can become global talent exporter, says NITDA DG

Nigeria has the potential to become a global talent exporter, the Director-General, National Information Technology Development Agency, Kashifu Inuwa, has said. He said this was achievable if all pertinent parties from the public and commercial sectors collaborate to develop and exploit the potential of digital technology for equitable economic growth, job creation, and sustainability. The NITDA […]

NAQS, SON, CDMB top ease of doing business list
Business

NAQS, SON, CDMB top ease of doing business list

The Federal Government, through its Presidential Enabling Business Environment Council, named three agencies on Monday as the most efficient organizations in terms of ease of doing business in the first half of 2023. According to the Punch, the Nigerian Agricultural Quarantine Service, the Nigerian Standards Organisation, and the Nigerian Content Development and Monitoring Board were the […]

NRC to launch e-ticketing platform
Transportation

NRC to launch e-ticketing platform

The Nigerian Railway Corporation has announced that computerized ticketing for the standard gauge network will go live next week. According to The Punch, the Managing Director of NRC, Fidet Okhiria, made the statement on Wednesday in an interview. Okhiria clarified that the e-ticketing platform’s last round of testing would be finished on Wednesday, allowing it to go […]

GTCO hits N433bn profit in Q3 2023
Banking

GTCO hits N433bn profit in Q3 2023

Guaranty Trust Holding Company Plc declared a profit before tax of N433.2bn, a 155.2 percent rise over the N169.7bn reported in the same period in 2022. According to The Punch, this was revealed in its unaudited consolidated and separate financial accounts, which were submitted with the London Stock Exchange and the Nigerian Exchange Group, for […]

Google halts diversity hiring goals, reviews DEI programs
News Tech

Google plans new policy, targets AI apps

Google is going after potentially troublesome generative AI apps with a new policy that will go into effect early next year. The policy requires Android application developers who publish their work on the Play Store to include a way for users to report or flag inappropriate content created by AI. According to the new policy, […]

Apple hikes subscriptions' prices
News Tech

Apple hikes subscriptions’ prices

Apple has raised the cost of Apple TV+ and Apple News+ subscriptions on Wednesday, according to its website. Apple is the most recent business to increase charges in response to similar actions taken by major media companies. Apple TV+ now costs $9.99 per month, up $3 from before, while Apple News+ now costs $12.99 per […]

Alphabet Inc rakes in $76.69bn revenue in 2023 Q3
Business

Alphabet Inc rakes in $76.69bn revenue in 2023 Q3

Alphabet Inc, Google’s parent company, reported $76.69 billion in sales for the third quarter of 2023, representing an 11% year-on-year increase, according to the group’s most recent earnings report. According to The Times, despite the increase in revenue, the company’s share price fell 7% on Tuesday during trade. However, the group’s share price increased by […]

Investors hit N2trn as stock market records highest since 2008
Business

Europe stocks drop as China stimulus lifts Asia

Europe’s main stock markets slid in subdued trade Wednesday, but Asia rallied after China unveiled plans for $137 billion in extra debt to boost infrastructure spending. Traders remain aware that the ongoing crisis in the Middle East could spiral at any minute as Israel presses on with a bombing campaign of Gaza after Hamas’ deadly […]

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  • 25th October 2023
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Israel-Palestine conflict affecting regional economies, says IMF

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Israel’s neighbours are feeling the effects, especially those that rely on tourism, Kristalina Georgieva said at the Future Investment Initiative in the Saudi capital Riyadh. […]

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  • 25th October 2023
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News Tech

Amazon to launch cloud services in Europe

Amazon Web Services on Wednesday, said that it would introduce a sovereign cloud in Europe for use by the government and clients in sectors with strict regulations. According to a statement from Amazon’s cloud computing division, the sovereign cloud will use servers housed in the European Union to store data, and only EU citizens working […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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FG seeks $10bn to fund SDGs

The Federal Government has stated that Nigeria will need $10 billion a year in funds to implement the Sustainable Development Goals. This revelation was made public on Tuesday during the National Economic Summit being held in Abuja by the Senior Special Advisor to the President on SDGs, Mrs. Adegoke Orelope-Adefulire. Speaking on the theme “Half Point to […]

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