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US introduces $250,000 visa bond rule for some

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EFCC defends Osun account freeze, cites N11bn probe

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Osun to sue EFFC over frozen account

Business

US introduces $250,000 visa bond rule for some applicants

Business

Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

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Google signs $3bn US hydropower deal amid AI energy race
News Tech

Google to charge commercial users $30 for AI tools

Google announced on Tuesday that the company will start charging commercial clients $30 per user per month for access to its AI-powered tools. The cost is identical to Microsoft’s “Copilot” AI-powered office software bundle, which includes Teams and Outlook and is offered as a competitor. This is an attempt to catch up following OpenAI’s unveiling […]

Zenith Bank names Dr. Juliet Ehimuan Non-Executive Director
Banking

Zenith Bank names Dr. Juliet Ehimuan Non-Executive Director

Zenith Bank Plc’s Board of Directors has announced the appointment of Dr. Juliet Ehimuan as Non-Executive Director of the bank. The Times reported that this was revealed in a corporate lawsuit filed with the Nigerian Exchange. An excerpt from the official statement signed by Company Secretary Michael Osilama Otu stated: “Zenith Bank Plc’s Board of […]

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

Meta links China with “Spamouflage” operation

Facebook’s parent company, Meta on Tuesday announced that it had discovered connections between members of the Chinese law enforcement community and the “Spamouflage” influence operation. According to a quarterly security report, the social media giant erased over 7,700 Facebook accounts, as well as hundreds of other pages, groups, and Instagram accounts linked to the campaign, […]

Apple to launch iPhone 15 in September
News Tech

Apple to launch iPhone 15 in September

Tech giant, Apple has announced that the launch of the iPhone is set to hold on September 12. Invitations to the event at the company’s Apple Park headquarters in Cupertino have been distributed. The iPhone 15 will undoubtedly serve as the focal point of the big event. Given the fuss it caused for the iPhone […]

WordPress launches 100-year domain plan
News Tech

WordPress launches 100-year domain plan

WordPress is now offering domains with a 100-year domain for sale for users who want their projects to outlive them. In a blog post, the twenty-year-old company stated that this 100-year plan is perfect for families to preserve their history online and for founders to chronicle the development of their business. “Whether it’s giving a […]

Manufacturing sector's GDP contribution falls to N1.49trn
Business

Manufacturing sector’s GDP contribution falls to N1.49trn

In the second quarter ended June 2023, the manufacturing sector contributed N1.5 trillion to Nigeria’s GDP in real terms. This marks a 17.24 percent decrease from the N1.8 trillion contribution recorded in the first quarter of the year. According to the Nigerian Bureau of Statistics, the country’s GDP expanded by 2.51% in Q2’23, compared to […]

Why Lagos is fifth best global city to live in - Report
Business

Why Lagos is fifth best global city to live in – Report

A survey by Brand Finance City Index 2023 has revealed that Lagos has emerged as the fifth best African city with a high desire by people to live, work, and invest. According to the survey, Lagos ranks 56.7 percent behind Cape Town (South Africa), Cairo (Egypt), Johannesburg (South Africa), and Casablanca (Morocco) as the top four African […]

Chevron pays stockholders $26bn
Business

Chevron employees looming strike threatens global LNG supply

Workers at two huge liquefied natural gas plants in Australia controlled by US energy behemoth Chevron are poised to go on strike on 7 September, affecting approximately 5% of global LNG volumes and thereby driving up worldwide prices. This comes after weeks of negotiations over compensation and working conditions between Offshore Alliance members at Chevron’s Western […]

New Zealand imposes on digital services
News

New Zealand imposes on digital services

New Zealand on Tuesday said that starting in 2025, it would enact laws imposing a digital services tax on major international corporations. This comes after discussions at the Organisation for Economic Cooperation and Development failed to reach an agreement on a global deployment. More than 140 nations are expected to begin implementing the 2021 agreement […]

FG warns foreign companies funding terrorism, illegal mining
Business

Metal ore mining to be fastest growing sector in Nigerian economy by 2023 – Report

In the first two quarters of June 2023, the Nigerian economy’s metal ore sub-sector, which is part of the mining industry, experienced the fastest growth rate of any sector, according to the most recent data from the National Bureau of Statistics. In an era when most people’s attention is focused on technology and finance, Nigeria’s […]

As the globe shifts towards cleaner fuel, an indigenous upstream company, Levene Hydrocarbon, has reaffirmed its commitment to sustainable oil extraction and renewable
Business

Levene Hydrocarbon commits to supporting sustainable energy

As the globe shifts towards cleaner fuel, an indigenous upstream company, Levene Hydrocarbon, has reaffirmed its commitment to sustainable oil extraction and renewable energy sources. According to The Punch, this was revealed in a document released on Monday. “In the face of ongoing challenges and uncertainties in the energy sector, Levene Hydrocarbon remains steadfast in […]

Toyota’s global production declines for 10th consecutive month
News

Technical glitch halts Toyota factories in Japan

    Toyota has reported that a technical malfunction has forced it to halt production at all of its 14 Japanese factories. The world’s largest automaker provided no additional information about the halt, which began Tuesday morning, but stated that it did not appear to be the result of a cyber attack. Tuesday morning, twelve […]

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