Blog

Transcorp power enlisted on Nigerian Exchange main board
Business

Transcorp to hit 2,000 megawatts Q4 2023 – Report

Transcorp Group’s Group Chief Executive Officer, Owen Omogiafo, disclosed a tenacious pursuit to boost available power capacity to 2,000 megawatts by year’s end. According to Nairametrics, Omogiafo acknowledged the prior transmission and gas issues in an interview with Arise News on 21 August but emphasized the remarkable turnaround seen in Transcorp’s power business in the […]

Flutterwave secures international transfers license in Malawi
Business

IPO: Flutterwave needs to go public, says CEO Gbenga Agboola

The co-founder and CEO of Flutterwave, Olugbenga Agboola, has stated that the company is pushing ahead with its intended Initial Public Offering despite all obstacles since it is extremely important to achieve its goals. According to Bloomberg, Agboola in an interview stated that going public is now required for the business to draw in significant international clientele. This, he […]

Meta launches AI voice translation on Facebook, Instagram
News Tech

Meta moves to stop suit over privacy violations

Meta will seek a court in Norway on Tuesday to quash a fine the nation’s data regulator imposed on the owner of Facebook and Instagram for violating users’ privacy. Since August 14, Meta Platforms has been subject to a daily fine of 1 million crowns ($94,313) for collecting user data and utilising it to target […]

Tinubu considering ‘temporary subsidy’ on petrol - Reports
Opinion

Treasury management warns Tinubu against naira re-denomination

The Registrar of Chartered Institute of Treasury Management, Olumide Adedoyin, has cautioned President Bola Tinubu on the alleged plan to re-denominate the naira, saying it would threaten economic stability.   Adedoyin said this in a statement in Abuja on Tuesday, according to the News Agency of Nigeria.   He said a strategic focus on government […]

Inflation causes decline in private sector productivity, employment - PMI
Banking

Stanbic IBTC delays HY results, requests CBN approval

The release of Stanbic IBTC Holdings Plc’s half-year financial results has been postponed, as the company waits for the Central Bank of Nigeria’s approval. This information was gathered by Nairametrics and included in the company’s declaration to the Nigerian Exchange Limited. The publishing of the audited interim financial statements for the six months ended June […]

FG assures completion of Umuahia-Aba expressway by June 2025
Business News

Minister of works to begin road inspection in two weeks

The minister of works, David Umahi, has committed to starting the inspection and evaluation of all federal highways in two weeks. The Punch reported that this was stated by him on Monday during a press conference held at the Federal Ministry of Works in Abuja following the oath-taking of 45 ministers. He asserts that under his […]

Canadian prime minister blasts Meta over block
News Tech

Canadian prime minister blasts Meta over block

Canadian prime minister, Justin Trudeau, on Monday, criticised Meta for removing news from its platforms. He said that the parent company of Facebook was putting profit before of safety, as horrific wildfires drive tens of thousands of people to flee their homes. “Facebook is putting corporate profits ahead of people’s safety,” Trudeau said during a […]

Pinterest introduces safety features for young users
News Tech

Pinterest introduces safety features for young users

Pinterest on Monday unveiled a number of new security features designed to better safeguard young users of the service. “We’ve noted this multiple times that Gen Z is our fastest-growing demographic and our largest contributor to overall engagement, which means it’s not just a high growth rate on a small denominator. It’s our largest contributor […]

Snpachat expands more into AI with ‘Dreams’
News Tech

Snpachat expands more into AI with ‘Dreams’

Snapchat is getting ready to increase its generative AI expansion with a new generative AI tool named “Dreams.” According to discoveries from app researcher and developer Steve Moser, the company has been working on features that would let Snapchat users shoot or upload selfie photos that will enable the app to create fresh pictures of […]

EU warns YouTube over Hamas-Israel disinformation
News Tech

YouTube launches AI incubator

YouTube announced on Monday the launch of Music AI Incubator, which will work with producers, composers, and musicians from across the industry to make decisions about how to proceed with AI. “I’m incredibly excited about the opportunity of AI to supercharge creativity around the world, but recognize that YouTube and the promise of AI will […]

FG, Nasarawa partner on local lithium processing
Business

FG, Nasarawa partner on local lithium processing

The Nasarawa State government and the federal government want to partner on a lithium processing policy that would make sure that any lithium mined in the State is processed there rather than being exported unprocessed. When the Executive Governor of Nasarawa State, Engr. Abdullahi A. Sule paid a courtesy visit to the agency, and the Executive Vice Chairman and […]