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Geely unveils AI-powered charging technology to rival BYD

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Geely unveils AI-powered charging technology to rival BYD

Business

YouTube adds AI tools to studio for better content

Tech

OpenAI adds voice agentic features to ChatGPT mobile app

Tech

PETROAN orders nationwide inspection of fuel pumps

Business

Blog

Silicon Valley Bank
Uncategorized

Regulators shut, put Silicon Valley Bank for sale

California banking regulators have on Friday closed down Silicon Valley Bank Financial Group, making it the largest bank failure since the financial crisis. According to Reuters, the regulatory body immediately made moves to protect depositors at the startup-focused lender. The Federal Deposit Insurance Corporation was appointed receiver by the regulator, placing the tech-heavy lender into […]

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Banking

AfDB launches $5.9m financial support program for Africa

In order to strengthen the collaboration between African nations in the battle against illicit financial flows, the African Development Bank has announced the beginning of the African Financial Integrity and Accountability Support Project. The Coalition for Debate on Africa and the AfDB will join to launch the project with a $5.9 million project, according to […]

Controversy as Seplat disputes ExxonMobil deal cancellation
Business

Seplat Energy boss Brown resigns after court order

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from his job following the court’s order restraining him from running the organisation for seven days. A statement signed by the Chairman of the board of Seplat, Basil Omiyi, on Friday, reveealed that Brown has  given authority to the Chief Operating Officer, […]

KEDCO laments low revenue generation
Electricity

KEDCO laments low revenue generation

The Kebbi Central Area Office of Kaduna Electricity Distribution Company has voiced concern for collecting less than 27% of its monthly revenue target. The manager of the Kebbi Central Area Office, Ishaq Ishaq-Gwamna, made this announcement on Thursday while speaking with reporters in his Birnin Kebbi office. The journalists were there to get clarification on a variety […]

Business

Ford to layoff 1,100 workers in Spain

One of the leading automakers, Ford, plans to layoff 1,100 workers at its plant located in Valencia in eastern Spain, according to one of its spokesmen. According to Reuters, the spokesperson said that the job cuts which were shared with the union are part of the company’s plan to make changes to its car production […]

Mitsubishi car
Uncategorized

Mitsubishi to sell only EV, hybrid cars by 2030s

The automaker, Mitsubishi plans to strengthen its auto electrification strategy and remain competitive in the market by ensuring all its new car sales beginning from the middle of 2030s are only battery electric vehicles and hybrids. Reuters reported that Mitsubishi, which is also a junior partner in an alliance with France’s Renault SA and Nissan Motor, […]

Business

Shell’s oil production drops over insecurity, theft – Report

One of the global energy giants, Shell has said its production in Nigeria dropped by a quarter in 2022 as it continues to fight insecurity and crude oil theft. This was disclosed in the organisation’s annual report released on Thursday accessed by BusinessDay. According to the report, the company said its share of production, onshore […]

Nigerians in the UK face job loss over sponsorship eligibility
Economy

UK economy escaped recession Q4 2022

  Information from the Office for National Statistics, has revealed that the United Kingdom’s economy narrowly avoided recession in the fourth quarter despite soaring inflation. According to AFP, Gross domestic product grew 0.3 percent, as the services sector offset poor performance by construction and manufacturing. GDP fell 0.5 percent in December due to extensive strikes, […]

Naira and Dollar displayed
Business

Naira gains against dollar at investors, exporters window

  The naira appreciated further on Thursday as it exchanged at N461 to the dollar at the Investors and Exporters’ window. A report by the News Agency of Nigeria accessed from The Punch states that there was an increase of 0.05 percent when comparing it to the N461.25 exchange rate on Wednesday. Meanwhile, the open […]

Flag of United Kingdom
Business

UK plans to ease visa access over labour shortages

United Kingdom has said on Thursday that it was planning to ease the policies on visa approval to help address labour shortages, which was caused by tighter immigration rules after it moved from the European Union. Following post-Brexit, the government made use of a points-based immigration model. According to The Punch, a government spokesperson said, […]

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