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Providus, Unity Bank complete merger, launch unified banking operations

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Nigeria ranked world’s most generous country

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NDLEA seizes ₦12.4bn cannabis hidden in Lagos container

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X still offline in Brazil as company pays fine to wrong account
News Tech

Twitter officially dumps bird for X logo

Twitter has officially changed the logo of the microblogging platform. Users who logged in on Monday found out that the logo for Twitter has changed to “X” This follows the move by Elon Musk tweet on Sunday stating that he is changing Twitter logo. Since Elon Musk took over the company, he has changed its […]

OpenAI CEO launches worldcoin crypto project
News Tech

OpenAI CEO launches worldcoin crypto project

The CEO of OpenAI Sam Altman, introduced the Worldcoin cryptocurrency initiative on Monday. The main feature of the initiative is its World ID, an account that can only be obtained by actual people. A consumer registers to perform an in-person iris scan using the Worldcoin “orb,” a silver ball about the size of a bowling […]

Tech

ChatGPT founder launches latest crypto innovation World ID

Cryptocurrency project Worldcoin, led by OpenAI CEO Sam Altman, has unveiled its latest innovation, the World ID, which promises to revolutionize secure digital identification. To obtain this unique account, individuals must undergo an in-person iris scan using Worldcoin’s specialized ‘orb’, ensuring only real humans can access this cutting-edge digital system. Stored securely on cryptocurrency blockchains, […]

Why Elon Musk lost $35bn in October - Report
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Elon Musk reclaims top spot as the world’s richest man

Less than 24 hours after surpassing Elon Musk as the richest man in the world, Bernard Arnault lost a staggering $3.2 billion, dropping him back to second place on Forbes and giving Elon Musk the top spot once again. According to estimations from Forbes, the 74-year-old business tycoon’s net worth fell to $234.1 billion, a […]

Elon Musk unveils Twitter's new logo
Tech

Elon Musk unveils Twitter’s new logo

In a surprise move, Twitter owner Elon Musk took to his Twitter account, @ElonMuskAOC, to reveal a brand-new logo for Twitter, replacing the iconic Twitter bird. The post, made on July 24, 2023, garnered immense attention with 258.6K views, 641 retweets, 99 quotes, 7,614 likes, and 31 bookmarks within minutes of its unveiling. The tech […]

Adidas secures $565m worth of orders for unsold Yeezy shoes
Business

Adidas secures $565m worth of orders for unsold Yeezy shoes

Adidas has received orders for 4 million pairs of unsold Yeezy sneakers totaling more than 508 million euros, exceeding the company’s “most optimistic forecast.” According to the Financial Times, the initial round of orders might spare the German sportswear company from having to take a significant writedown on its remaining stock. Following a string of antisemitic remarks […]

FG announces four midstream, downstream oil sector regulations
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FG announces four midstream, downstream oil sector regulations

    To address environmental and safety problems in the midstream and downstream petroleum sectors, the federal government has announced the adoption of four new laws. The Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja made the announcement on behalf of the federal government on Sunday. It stated that the rules adhered to the […]

Construction firms borrowed N21tn in four years – Report
Business

Construction firms borrowed N21tn in four years – Report

Real estate and construction enterprises in the country were able to acquire loans totaling N21.89 trillion in four years. According to The Punch, a review of the National Bureau of Statistics’ GDP report for the period between 2019 and 2022 revealed that the sector also contributed N93.14 trillion to Nigeria’s GDP during that time. The […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
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NUPRC: PENGASSAN demands reversal of 4% cost collection split

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff’s office to request that the decision to divide the 4% cost collection from the Nigerian Upstream Petroleum Regulatory Commission be reversed. According to Nairametrics, the president was given till Wednesday, July 19 by PENGASSAN to […]

Vodafone Germany fires 2,000 employees to save costs
News Tech

Vodafone appoints new CFO

A former SAP chief financial officer, Luka Mucic, has been appointed by Vodafone to the same position, effective September 1. He will succeed Della Valle, who assumed the top position on a permanent basis in April. As a positive first step for new CEO Margherita Della Valle, the firm also reported an acceleration in first-quarter […]

Nigerian equities market surges with N1.33 trn gain
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Nigerian equities market surges with N1.33 trn gain

The Nigerian equities market showcased an impressive performance in the past week, with the combined value of listed equities soaring by N1.33 trillion, reflecting a significant 3.89% increase. The market capitalization closed at N35.395 trillion, surging from the previous week’s N34.069 trillion, driven by robust demand for blue-chip stocks and a boost in investor sentiment, […]

Workers knocks govs over N2.2tn loans from banks
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Workers knocks govs over N2.2tn loans from banks

    Findings have revealed that the state governments across the federation are owing commercial banks the sum of N2.2tn. According to data from the Central Bank of Nigeria’s quarterly statistical bulletin obtained by PUNCH, states and LGAs owing banks a total of roughly N2.21 trillion as of March 2023. The aforementioned represents a significant […]

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