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Otedola deepens stake in First HoldCo with fresh

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PenCom removes approval requirement for PFA advertisements

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DBN, AfDB seal $61m deal to boost credit

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Amazon cuts 100 Jobs in devices, services unit

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

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Otedola deepens stake in First HoldCo with fresh N43.41bn

Business

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Business
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Tech

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Sega withdraws from Blockchain Gaming
Crypto

Sega withdraws from Blockchain Gaming

Gaming company behind Sonic The Hedgehog and Yakuza, Sega, has announced its departure from the blockchain gaming space due to the ongoing crypto winter. Co-COO Shuji Utsumi revealed that Sega is yet to determine the practical applications of blockchain and is considering excluding it from a flagship “supergame” scheduled for release in 2026. Speaking at […]

Chinese businessman launches ChatGPT rival
News Tech

Chinese businessman launches ChatGPT rival

Chinese businessman and founder of Sogou Wang Xiaochuan on Tuesday unveiled a next-generation huge language model Baichuan-13B. Its founder’s illustrious career as a computer science prodigy from Tsinghua University and founded the search engine provider Sogou, which was later acquired by Tencent, Baichuan is being hailed as one of China’s most potential LLM developers. At […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Business

IFC, NGX commend Access Bank for advancing women’s rights

Access Bank Plc received the best “Company Leadership in Gender Diversity” award, Family-Friendly Workplace Excellence award, and Gender Equality Champion award at the Gender Leader Awards. According to Vanguard, the bank was also given special distinction for its work in advancing women’s leadership and development. The International Finance Corporation and the Nigerian Exchange Limited organized the Awards with […]

Uber chief financial officer Nelson Chai to step down
News

Uber chief financial officer Nelson Chai to step down

Uber Technologies’ Chief Financial Officer, Nelson Chai, is reportedly planning to depart from the ride-hailing company, as per sources familiar with the matter cited by Bloomberg News. According to the report, Chai has informed Uber CEO, Dara Khosrowshahi of his intention to move on, although the timing of his departure has not been finalized. Meanwhile, […]

Meta platforms restored after hour-long global outage
News

Meta platforms restored after hour-long global outage

Meta Platforms, the parent company of popular social media apps Instagram and Facebook, as well as messaging app WhatsApp and Twitter competitor, Threads, is reportedly back after a global outage. The platform experienced a temporary outage on Monday, affecting thousands of users. According to Downdetector.com, the outage lasted over an hour and impacted approximately 14,000 […]

Apple opens store on WeChat
News Tech

Apple opens store on WeChat

Tencent’s WeChat, has disclosed that Apple, the maker of the iPhone, has created a store on expanding the American company’s retail options in the second-largest economy in the world. WeChat, the most popular messaging app in China that also offers e-commerce, livestreaming, and payment services, announced that customers would be able to purchase Apple items […]

Threads introduces rate limit to curb spam attacks
News

Meta to label government account on Threads

Meta Platforms, the parent company of Facebook and Instagram, has revealed its plans to label government-affiliated accounts on its newly launched Twitter-like platform, Threads, according to an executive’s statement during an Australian inquiry on foreign interference. Meta’s head of public policy for Australia, Josh Machin, expressed the company’s intentions to implement labels for state-affiliated media […]

Equity market retail participation hits 35% in September - NGX
Economy featured

ICAN, NGX partner to improve market regulation, protect investors

NGX Regulation Limited signed a Memorandum of Understanding with the Institute of Chartered Accountants of Nigeria yesterday in Lagos as part of its efforts to further improve the efficacy of regulation and investor protection in the Nigerian capital market. The Chief Executive Officer, of NGX RegCo, Ms. Tinuade Awe, stressed during the signing ceremony held at the […]

Global food price index drops to two-year low - FOA
News

Global cereal production set for record high – FAO

The Food and Agricultural Organisation anticipates that the world’s grain production would reach a record high in 2023 and 2024 in its most recent grain Supply and Demand Brief. According to ThisDay, the assessment, which was published on the FAO website, increased the prediction for world cereal production in 2023 to 2, 819 million tonnes, a […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

Oil and Gas will guarantee Nigeria’s energy security – FG

The Federal Government has noted that oil and gas would continue to guarantee energy security for Nigeria’s massive population estimated to be about 200 million. This information was revealed by the Chief Executive Officer, of NUPRC, Gbenga Komolafe, in Abuja at the 16th Annual International Conference of the Nigerian Association for Energy Economics, which had […]

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
Business

How Dangote made $575m in one day – Report

Powerful Nigerian businessman, Aliko Dangote, has seen a significant rise in wealth rising by an estimated $575 million over the previous 24 hours. According to the Forbes billionaire index, this comeback seen here shows that the 66-year-old billionaire has a net worth of $10.5 billion and had a 5.82% growth in just one day. As of Monday morning, Dangote’s […]

FERMA to fix 50 failed roads in Lagos, Zamfara, others
News

FERMA to fix 50 failed roads in Lagos, Zamfara, others

The Federal Road Maintenance Agency reports that it has started making plans to patch potholes and get involved in the repair of 50 deficient federal roads across the country. The Punch reported that the director of information and communication, Maryam Sanusi, stated on Monday that the agency had developed plans to rehabilitate the roads and make them […]

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