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

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Oil and Gas

Oil price hits $93/barrel – Report

The price of Brent jumped on Wednesday, reaching nearly $93/barrel after circling around $87/barrel the previous week. This was due to recent industry data showing an increase in Nigeria’s oil revenues of N273.8bn in September. According to The Punch, while Brent surged to $92.7 per barrel at 11:01 a.m. Nigerian time, Murban crude, and WTI crude both […]

NGX Group, Dangote, Otudeko hail late Ogunbanjo
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NGX Group, Dangote, Otudeko hail late Ogunbanjo

The Group Chairman of the Nigerian Exchange Group, Dr. Umaru Kwairanga, led a delegation to the family of late Christopher Ogunbanjo, which included billionaire businessmen Oba Otudeko and Aliko Dangote, former and current board members and management across the group, and past presidents of the Nigerian Stock Exchange. According to The Punch, Ogunbanjo, whose business oversaw […]

Meta plans fourth AI overhaul in six months
News Tech

Meta to introduce broadcast channels for Facebook, Messenger

Meta on Wednesday, announced that it would introduce broadcast channels, a tool that allows users to share their conversations with the public, on Facebook and Messenger. In a highly competitive online world, social media companies are adding additional features to support engagement across apps. The decision comes at a time when broadcast channels on Telegram, […]

Netflix unveils first use of generative AI in original series
News Tech

Netflix hikes streaming plans in US, UK, France

Netflix on Wednesday, increased the cost of certain of its streaming plans in the US, the UK, and France. Overcoming the 6 million median predictions of Wall Street experts LSEG surveyed, the company added roughly 9 million new subscribers globally. Netflix attributed the gains to its campaign against password sharing and a consistent stream of […]

Meta tests in-house AI chip to reduce reliance on Nvidia
News Tech

Meta to limit comments on Israel-Palestine conflict

Meta, the parent company of Facebook, on Wednesday adopted temporary safeguards to limit “potentially unwelcome or unwanted comments” on posts regarding the crisis between Israel and Hamas. “Our policies are designed to keep people safe on our apps while giving everyone a voice.” Meta said. “We apply these policies equally around the world and there […]

European Central Bank launches digital euro
News Tech

European Central Bank launches digital euro

The European Central Bank on Wednesday, made another advancement towards the introduction of a digital form of the euro that would enable electronic payments across the 20 countries. On November 1, the ECB announced that it would begin a two-year “preparation phase” for the digital euro, during which it would clarify rules, select its partners […]

Business

Israel-Palestine: Oil prices rise, stocks slide amid regional war fears

Oil prices rallied and global stocks mostly fell Wednesday on fears that the Israel-Hamas conflict could spill over into a regional war after a strike at a Gaza hospital dealt a blow to President Joe Biden’s diplomatic drive. Crude futures briefly vaulted three percent higher as fears grew over broadening unrest that could destabilise the […]

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John Legend startup secures $5m funding
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John Legend startup secures $5m funding

An African-American musician, John Legend, is launching a startup company using his social app “It’s Good,” and has already garnered $5 million in finance. According to The Times, It raised $5 million in a capital round earlier this month, with Lightspeed Venture Partners among the investors. The musician’s firm, “It’s Good,” will compete with services […]

X introduces $1 annual subscription plan for users
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X introduces $1 annual subscription plan for users

Social media site X, formerly known as Twitter, on Tuesday, said that it will try a new subscription model in which it would users a one-time annual price of $1 for the most basic functions. Users will be charged under the new “Not A Bot” subscription for liking, reposting, quoting, and bookmarking posts on the […]

Sanlam Insurance boss bags leadership award
News

Sanlam Insurance boss bags leadership award

The managing and chief executive officer of Sanlam General Insurance Nigeria Limited, Bode Opadokun, has received the “2023 CEO Today Africa Award” in recognition of his exceptional leadership and significant contributions to his sector. According to The Punch, “Opadokun, emerging as the winner of this esteemed accolade, solidifies his position as a prominent figure in the […]

Palmpay enhances contactless payments
Business

Palmpay, Poppin partner on fintech education

A chat platform called Poppin and a prominent creative Fintech platform called PalmPay has announced a partnership to launch the “Pop&Pay” Campus Dance Competition, a pan-Nigeria campus tour throughout 10 colleges in Nigeria. The Punch stated that the goal of this effort, according to a statement, is to excite and educate the next generation of tech […]

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