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We won't steal jobs, rebel against humans - Robots
News Tech

We won’t steal jobs, rebel against humans – Robots

Robots in a presentation at an AI event on Friday stated that they would neither take human employment nor rebel against us but rather would grow in number and assist in resolving world issues. However, they provided conflicting opinions on whether they should be subject to tougher regulation during the first human-robot news conference in […]

Airtel launches 5G network in Kenya
News Tech

Airtel launches 5G network in Kenya

Following months of testing, Airtel is now the second telco to roll out 5G in Kenya after Safaricom did so in October 2022. Eliud Owalo, Kenya’s cabinet secretary for ICT, and Ezra Chiloba, the director-general of the Communications Authority of Kenya (CA), attended the event where Airtel, the country’s second-largest network operator, introduced the product. […]

UN food aid deliveries by AI robots could begin 2024
News Tech

UN food aid deliveries by AI robots could begin 2024

AI-powered robotic vehicles might transport food boxes to disaster and conflict zones, thereby saving the lives of aid workers by as early as next year. According to the United Nations, there are now more violent conflicts than ever before, which has led to an increase in attacks on humanitarian workers. The fighting in Sudan cost […]

FG urges govs to justify use of subsidy removal savings
News

10 facts about Tinubu’s Tax reforms committee chair Taiwo Oyedele

President Bola Tinubu has approved the formation of a Presidential Committee on Fiscal Policy and Tax Reforms, in keeping with his vow to remove all hurdles to economic growth in Nigeria. AMBusiness reported that the president also approved the appointment of the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Taiwo Oyedele, to lead […]

NSCDC detains 12 fuel marketers over seal removal
News

NSCDC detains 12 fuel marketers over seal removal

The Nigeria Security and Civil Defence Corps has detained 12 petroleum marketers in Kogi State for removing the seals of the Nigeria Mainstream Downstream Petroleum Regulatory Authority. The arrest was made by the NSCDC Kogi Command on Friday when they went around in coordination with the NMDPRA surveillance team to check the activities of several fuel marketers […]

Nigerian startup Medsaf lays off all staff
News Tech

Nigerian startup Medsaf lays off all staff

Nigerian health-tech startup Medsaf has let off 30 full-time staff members of the company. According to the TechCabal, the company’s COO, Rotimi Lawal, informed staff members via Slack that Medsaf had to reduce staff due to “challenges ranging from funding gaps to account receivables due to different the macroeconomic policies and dismal payment behavior of […]

NACCIMA, EU partner on business innovation
Business

NACCIMA hails Tinubu on tax intervention

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, has welcomed the suspension of the 5% Excise Tax on telecommunication services as well as the escalation of Excise Duty on locally manufactured products, noting that it will relieve Nigerian businesses of undue burden. The Punch reported that the National President of NACCIMA, Dele […]

FG can train area boys to be tax officers - Oyedele
Policy and Regulations

Tinubu launches tax reforms committee, names Oyedele chairman

President Bola Tinubu approved the formation of a Presidential Committee on Fiscal Policy and Tax Reforms on Friday. According to The Punch, the Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers, Mr. Taiwo Oyedele, was named committee chairman. The news comes just 24 hours after the President signed four Executive Orders delaying the 5% excise tax […]

Alibaba, RedNote partner to streamline app shopping on Taobao
News Tech

Alibaba partners Huawei to launch AI image generator

Alibaba Group and Huawei Technologies Co. on Friday unveiled new products, including an AI picture generator and an AI model improvement as Chinese companies compete for a place in the global AI race. Tongyi Wanxiang is an image generator that will first be made accessible to enterprise clients in beta form, and it was unveiled […]

First Bank makes biggest single-day trade since 2012
Banking

First Bank makes biggest single-day trade since 2012

The stock exchange reported that 4.7 billion shares of First Bank of Nigeria Holdings were exchanged on Thursday, the most in a single day since 2012. According to BusinessDay, the shares were sold for N19 each, totaling N87.8 billion which represents 13% of Nigeria’s oldest bank’s outstanding market value, indicating the significance of the transaction. Although […]

Onne Port records vessel traffic surge, says NPA
Ports and Airports

NPA seeks further PPP deals for renovation of TinCan Port

The Nigerian Port Authority announced that it is looking for more Public Private Partnership to fix up the infrastructure at Tincan Island Port. According to Nairametrics, this was revealed on Thursday by the Managing Director of NPA, Mr. Mohammed Bello-Koko, at the Maritime Reporters Association of Nigeria Breakfast Meeting with the theme ‘Rehabilitation of Tin Can […]

SpaceX commits $2bn to xAI in bold push
News Tech

Musk’s SpaceX to launch satellite service in Mongolia

Elon Musk’s SpaceX has received two licences from Mongolia to use low-orbit satellites to deliver internet connectivity, the ministry announced on Friday. According to a statement from the government, Starlink, a satellite communications service run by SpaceX, will allow millions of internet users in Mongolia access to high-speed connections. With more than 3,500 satellites in […]

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