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Eko DisCo to begin on mass metering
News

Eko DisCo to begin on mass metering

    The Eko Electricity Distribution Company has provided assurance to its consumers regarding its preparedness to commence a large-scale metering effort for prepaid metres throughout its service network. During a customer engagement event held in Lagos on Thursday, the Chief Executive Officer of EKEDC, Tinuade Sanda, expressed confidence in the company’s ability to install […]

Poland to probe OpenAI over privacy concerns
News Tech

Visits to ChatGPT decreases third time in a month

OpenAI’s ChatGPT, monthly website visits have decreased for the third consecutive month in August, according to analytics company Similarweb. The number of visitors to the ChatGPT website from desktop and mobile devices worldwide fell by 3.2% to 1.43 billion in August, following 10% declines in each of the two preceding months. Since March, the average […]

Opera launches browser for gamers
News Tech

Opera launches browser for gamers

Opera on Thursday, revealed that it will be adding Aria to Opera GX, a version of its primary browser designed with gamers in mind. With this new function, Opera GX users may talk to a browser AI directly to find the most recent gaming news and advice. By asking it for suggestions for characters in […]

NNPC, First E&P provide free healthcare in host communities
Oil and Gas

Agip didn’t obtain approval before Oando deal – NNPC

Nigerian Agip Oil Company has admitted that it did not have NNPC Limited’s approval before announcing a contract to transfer its onshore oil assets to Oando PLC. According to TheTimes, Oando Plc and ENI have reached an agreement for the purchase of all the shares of Nigerian Agip Oil Company Limited. The Ministerial Consent and other […]

NCC, CBN resolves N120bn USSD debt
News Tech

NCC, CBN resolves N120bn USSD debt

The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has disclosed that the outstanding debt of N120 billion owed by banks for the Unstructured Supplementary Service Data to telecom operators has been settled. With this, he claimed that the banks had consented to pay off the accumulated debt and keep paying for […]

Scientist invents AI tool to treat male infertility
News Tech

Scientist invents AI tool to treat male infertility

A biomedical engineer from the University of Technology Sydney and the CEO of NeoGenix Biosciences, Dr Steven Vasilescu, has invented an artificial intelligence tool that has the potential to revolutionise the treatment of infertility and address low sperm counts in men. SpermSearch is a cutting-edge AI technology created to help identify viable sperm in semen […]

Nestcoin raises $1.9m to scale products
News Tech

Nestcoin raises $1.9m to scale products

Nestcoin, the parent company of Onboard, a digital wallet has received $1.9 million in a strategic investment round. The financing was led by Hashed Emergent, a Web2.5 fund for developers in emerging areas. Existing investors Alter Global, Magic Fund, CMT Digital, and 4DX Ventures participated. Two new investors, Adaverse and Base Ecosystem Fund, also took […]

UNESCO presents guidelines for AI regulation in education
News Tech

UNESCO presents guidelines for AI regulation in education

UNESCO presented its first set of recommendations on using generative AI in education on Thursday, encouraging governmental organisations to control the application of the technology. The world’s fastest-growing app to date is the GenAI chatbot ChatGPT, and its introduction triggered the production of competitors like Google’s Bard. Students also like GenAI, which can produce essays […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
News Tech

Chinese IT giant Tencent launches AI model

Tencent Holdings said on Thursday companies could now use its large language artificial intelligence model “Hunyuan”. The Chinese tech giant and owner of the WeChat social media platform conducted a demonstration before a live audience at a conference in Shenzhen, and said Hunyuan had become the foundation of more than 50 of its products and […]

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Agribusiness

FG to fast track AfDB’s SAPZ project for agricultural growth

The Special Agro-Industrial Processing Zones initiative of the African Development Bank will be accelerated by the Tinubu administration in an effort to boost the sector’s GDP contribution and increase chances for food security and job stability. According to The Punch, the Minister of Agriculture and Food Security, Sen. Abubakar Kyari, said this on Wednesday in Abuja at the […]

Why 40% Nigerian fintech apps have security issues – Appknox
Tech

Why 40% Nigerian fintech apps have security issues – Appknox

A mobile application security startup, Appknox, has stated that its review of fintech apps in Nigeria reveals that 40% of the apps are exposed to high and critical impact issues. The Times reported that this information was revealed by the Chief Executive Officer and Co-Founder of Appknox, Harshit Agarwal at a round-table discussion with the title “How to […]

Sterling GMD, directors acquire N514m new shares
Banking

Sterling GMD, directors acquire N514m new shares

The Sterling Financial Holdings Company Limited’s directors have persisted in buying up their shares, demonstrating their belief in the financial institution’s ability to survive. The Punch reported that the most recent insider trading transactions made by four of the Holding Company’s directors, including the  Group Managing Director and Chief Executive Officer of Sterling Financial Holdings Company Plc, […]

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