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Fire erupts at Federal Mortgage Bank headquarters

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Spider-Man makes ₦120.4m, sets new Nigerian box office preview

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Private Infrastructure Development Group
News

Group raises $25bn to combat climate change

In order to help 100 million people in emerging markets and developing countries fight climate change, the Private Infrastructure Development Group has pledged to deliver $9 billion in commitments and mobilize an additional $25 billion in funding. The Punch reported that the company reportedly revealed this recently at a business reception in London when it unveiled […]

News

Samsung sues Chinese rival BOE for patent infringement

South Korea’s renowned technology giant, Samsung Display, has initiated legal proceedings against Chinese competitor BOE Technology, alleging infringement of five patents related to displays used in mobile devices, including Apple’s popular iPhone 12. In a filing made with a federal jury in Texas, Samsung Display, a subsidiary of Samsung Electronics, seeks damages for the violation […]

UN to host "AI for Good Global Summit"
News

UN to host “AI for Good Global Summit”

The United Nations is leading the charge in convening a monumental gathering this week, bringing together influential voices from across the globe to chart the course for artificial intelligence and unlock its potential to empower humanity. The “AI for Good Global Summit,” a two-day event taking place in Geneva, has attracted over 3,000 experts hailing […]

Meta to unveil Twitter-like 'Threads' app
Tech

Meta to unveil Twitter-like ‘Threads’ app

In response to Twitter’s recent limitations, Meta Platforms, formerly known as Facebook, is gearing up to launch Threads, a microblogging app. The move is to provide an alternative platform for users seeking unrestricted communication. The announcement comes just days after the executive chair of Twitter, Elon Musk introduced a temporary cap on the number of […]

Otunba Subomi Balogun.
News

Stakeholders honour FCMB founder with ‘mock trading session’

Chartered Institute of Stockbrokers, Nigerian Exchange Limited, and other market participants organized a simulated trading session and closing gong ceremony on Monday, in memory of the founder of FCMB Group, the late Otunba Subomi Balogun. According to the chief executive officer of NGX,  Mr. Temi Popoola, who spoke during the ceremony, said that “We are here to […]

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

Nigeria’s inflation may hit 30%, Bank of America warns

The Bank of America has cautioned that the Central Bank’s Monetary Policy Committee may need to raise interest rates by at least 700 basis points by the end of the year to control inflation. The bank’s sub-Saharan Africa economist, Tatonga Rusike, stated in an interview with Bloomberg on Monday that the increase was required to combat the skyrocketing […]

Mexico investigates digital goods monopoly
Business

Mexico investigates digital goods monopoly

Alex Omenye Mexico’s antitrust watchdog has begun an inquiry into potential monopolistic practices in the market for the sale and development of digital goods and services, as well as related services. The government announced this in its official gazette on Monday. The Federal Economic Competition Commission said that an investigation had been launched to determine […]

Raw sewage treatment not a threat to FCT - AEPB
Uncategorized

Raw sewage treatment not a threat to FCT – AEPB

Residents of FCT have been assured by the Abuja Environmental Protection Board that no diseases will spread as a result of the sewage treatment program. The News Agency of Nigeria said this promise was given on Monday when the Director of the AEPB,  Dr. Osi Braimah, visited the Wupa Sewage Treatment Plant in Idu, Abuja. He advised the inhabitants not to worry […]

Sanwo-Olu reappoints Akosile as Chief Press Secretary
Appointments

Sanwo-Olu reappoints Akosile as Chief Press Secretary

Gboyega Akosile has been reappointed as the Chief Press Secretary for Lagos State Governor Babajide Sanwo-Olu. The Punch reported that the Head of Service, Mr. Hakeem Muri-Okunola, made the announcement in a statement late on Monday as the HoS declared that his appointment is effective immediately. Akosile had previously worked as Governor Sanwo-Olu’s Chief Press Secretary during his first […]

Semovita free of plastic content - NAFDAC
News

Semovita free of plastic content – NAFDAC

The National Agency for Food and Drug Administration and Control has said that no plastic material was found in Semovita after a scientific investigation of the substance. According to the News Agency of Nigeria, the position was disclosed in a statement published Monday in Abuja and signed by the agency’s Director-General, Prof. Mojisola Adeyeye. Adeyeye claimed […]

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