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Russian tech billionaire Volozh begs EU to lift sanctions
News Tech

Russian tech billionaire Volozh begs EU to lift sanctions

A Russian tech billionaire, Arkady Volozh, has officially requested the lifting of sanctions after denouncing Vladimir Putin’s invasion of Ukraine. The Russian oligarch demanded that the EU ease its sanctions against him after denouncing Putin’s war. Days after calling the battle “barbaric,” Arkady Volozh made the call, according to the Financial Times. The tech billionaire […]

How inflation, forex crisis may affect consumer goods industry - Report
Economy

Nigeria’s GDP rose 19.54% in Q2 2023 – Report

In the second quarter of 2023, ICT-related activities accounted for 19.54% of Nigeria’s real Gross Domestic Product. This information was included in the Q2 GDP data by the National Bureau of Statistics. When compared to the 18.44% observed during the same period previous year, this indicates an increase in contribution. The sector’s real GDP contribution […]

Banks increase lending rates after CBN’s MPR hike
Business

How increased productivity may benefit naira – Experts

Some financial analysts believe that only increased productivity can boost the Naira. This is coming as Nigerians continue to complain about the Naira’s continuing devaluation, despite monetary policy attempts by the Central Bank of Nigeria to support the currency. According to the News Agency of Nigeria, the Naira, which traded at N774 to the dollar at the […]

Alibaba launches advanced AI coding model ‘Qwen3-Coder’
Business

Alibaba introduces new AI model

In response to the intensifying competition for technological supremacy, Alibaba has unveiled a new artificial intelligence model that it claims is capable of understanding photos and having dialogues that are more complicated than those of the company’s prior products. The Chinese technology giant reportedly told CNBC that its two new models, Qwen-VL and Qwen-VL-Chat, will […]

Global IPO rates, investments declined in H1 - Exchanges Federation
featured

Global IPO rates, investments declined in H1 – Exchanges Federation

Data from the World Federation of Exchanges has revealed that less cash equity was traded globally and there were fewer initial public offerings globally in the first half of 2023 compared to the same period last year. The Punch reported that the reduction was attributed to a number of geopolitical and economic concerns that the markets encountered […]

NDDC reiterates dedication to stakeholders' collaboration
Business

NDDC engages French, German agencies on job creation

In order to promote job creation and increase agricultural productivity in the Niger Delta region, the Niger Delta Development Commission said that it has started talks with French and German development agencies. According to The Punch, the NDDC Managing Director, Dr. Samuel Ogbuku, said this while leading a high-level team on a two-day visit to the offices […]

Business

NDDC engages French, German agencies on job creation

In order to promote job creation and increase agricultural productivity in the Niger Delta region, the Niger Delta Development Commission said that it has started talks with French and German development agencies. According to The Punch, the NDDC Managing Director, Dr. Samuel Ogbuku, said this while leading a high-level team on a two-day visit to the offices […]

News Tech

Hackers attack Polish railway network

Poland has disclosed that the railways were the target of a hacking attack by Polish intelligence agencies, according to Polish media. In the north-west of the country overnight, traffic was disrupted by hackers who broke into railway frequencies, according to a report from the Polish Press Agency on Saturday. According to the allegation, recordings of […]

Manufacturers warn price hikes to persist without solutions
Business

Manufacturing sector’s performance drops Q2 – Report

The manufacturing sector’s real GDP growth in the second quarter of 2023 was 2.20% on an annual basis. Although this was lower than the same quarter in 2022, it was higher than the previous quarter and the one before it by 0.81% points and 0.59% points, respectively. The sector saw a contraction with a growth […]

First Bank restates commitment to support FMCG wholesalers
Business

FBN Holdings employee buys shares worth N28.8m

An employee of FBN Holdings Plc named Tolu Oluwole has purchased 1,600,000 shares for a total cost of N28.8 million. According to Nairametrics, a notification of Directors Dealings was sent to the Nigerian Exchange Limited and signed by Company Secretary Adewale Arogundade includes this information. The company reported that Tolu Oluwole bought 1,600,000 shares on August 23, 2023 at an […]

Greenwich Foundation adopts, upgrades Ransome-Kuti Grammar School
Business

Greenwich Foundation adopts, upgrades Ransome-Kuti Grammar School

Greenwich Foundation has adopted Ransome Kuti Grammar School, which includes both the Junior and Senior Secondary schools in Yaba, Lagos, as part of its Corporate Social Responsibility and commitment to great educational facilities. According to The Nation, beyond adoption, the Foundation has improved the school’s facilities, integrating better sanitation systems and renovating and constructing 66 […]