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OpenAI’s head of trust and safety resigns
News Tech

OpenAI’s head of trust and safety resigns

The head of trust and safety at OpenAI, Dave Willner, announced on Friday that he is quitting the company. He stated that he would be available for advisory work despite the demands of his profession on his family life. “Anyone with young children and a super intense job can relate to that tension, I think, […]

Subsidy: Traders lament low generator sales
Business

Subsidy: Traders lament low generator sales

The sale of petrol generator sets in Nigeria has significantly decreased after President Bola Tinubu’s pronouncement on May 29 putting an end to fuel subsidies. According to Nairametrics, sales for all generator dealers fell significantly over the past month, with the majority of them unable to sell more than half of their regular stock. Market participants […]

Again, FrieslandCampina Wamco drags down NASD OTC market
Business

FrieslandCampina lowers NASD by 0.44%

FrieslandCampina Wamco Nigeria Plc has caused the NASD Over-the-Counter Securities Exchange to settle 0.44 percent lower on Thursday, offsetting the effect of the session’s lone price gainer. According to Business Post, Afriland Properties Plc rose by 9 Kobo yesterday to close at N3.25 per share, up from the company’s closing price on Wednesday of N3.16 […]

UK regulator okays Microsoft’s acquisition of ‘call of duty’
Tech

FTC withdraws merger-activision deal against Microsoft

The US Federal Trade Commission has withdrawn its case seeking to block Microsoft’s colossal $69 billion takeover of gaming giant Activision. The agency had been pursuing a two-pronged approach to halt the proposed acquisition, but its efforts hit roadblocks at every turn. Last week, the district court denied the FTC’s request for a preliminary injunction, […]

Dana Air to train NYSC corps members, interns
Aviation

Dana Air to train NYSC corps members, interns

Dana Air has announced its intention to hire and train more than 50 corp members and interns as part of its extensive Corporate Social Responsibility project. The airline stated that the training would cover a range of topics, including human resources, information technology, ticketing, customer service, quality assurance, commercial, and marketing. Dana Air’s Chief Operating […]

New year: Banks to close early on Friday
Banking

Banks’ credit rises to N84trn

Banks’ net domestic credit to the economy has increased by 11% month over month, or N84 trillion, from N75.49 trillion in May. According to Vanguard, the breakdown from the Central Bank of Nigeria’s Money and Credit Statistics published yesterday shows that the private sector took N52.8 trillion, representing a 17.9% increase from the N44.78 trillion it brought in in […]

Opinion

How to cushion effect of subsidy removal — KPMG

A global audit, tax and advisory services firm, KPMG, has called for the deployment of alternatives to money in cushioning the severe impact of the recent petrol subsidy removal.   This Day reported that in a report it titled: “ Removing Nigeria’s PMS Fuel Subsidy: We Can’t Have Our Cake & Still Eat it”, the […]

Shareholders approve full commercialization of NOVA Merchant Bank
Banking

Shareholders approve full commercialization of NOVA Merchant Bank

NOVA Merchant Bank has announced that it has acquired shareholder approval to shift into commercial banking. The bank continues to be in a strong position to maintain and build upon its growing record, the shareholders decided during the company’s 6th Annual General Meeting in Lagos. In his remarks to the shareholders, the Chairman of NOVA Merchant Bank, […]

BOI pledges support for SMEs, Rivers' industrial hubs
News

Why DFIs must find new ways to fill financing gap – BoI MD

The Association of Nigerian Development Finance Institutions’ chairman, Mr. Olukayode Pitan, has stated that in order to close the financial gap and spur the necessary transformational changes in Nigeria, DFIs require new perspectives, inventive strategies, and coordinated efforts. According to The Punch, Pitan made this statement on Thursday in Abuja at the third annual general meeting […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
Business

Why businesses are becoming hopeless – NECA

The Nigeria Employers’ Consultative Association has stated that businesses are overstretched and are becoming hopeless as a result of the rising cost of living brought on by the increase in the price of petroleum and motor spirit. In a statement on Thursday, the Director-General of NECA, Mr. Adewale-Smatt Oyerinde, urged the government to adopt more serious measures to […]

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
Business

AfCFTA implementation begins as MAN trains exporters

The Manufacturers Association of Nigeria’s Export Group has trained local exporters as eight African countries begin exporting under the African Continental Free Trade Agreement’s Guided Trade Initiative. The Punch reported that this information was presented by the MANEG Chairman, Mrs. Odiri Erewa-Meggison, at a two-day training session for exporters on Tuesday in Lagos. The training […]

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