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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

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  • 7th May 2025

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Warner Bros Discovery eyes possible company split

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Google is rolling out a new feature in its Gemini API that it says could significantly reduce the cost of using its advanced AI models.

Google introduces automatic caching to cut AI API costs

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Google rolls out AI-powered scam protection on Chrome

Google rolls out AI-powered scam protection on Chrome

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Meta to begin testing video ads on Threads

Meta to begin testing video ads on Threads

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Microsoft’s wins $69bn Activision deal case against FTC

A federal appeals court on Wednesday dealt a blow to United States regulators by rejecting the Federal Trade Commission’s attempt to block Microsoft’s $69 billion acquisition of video game giant Activision Blizzard. In a unanimous decision, a three-judge panel of the 9th U.S. Circuit Court of Appeals upheld a lower court’s ruling that denied the […]

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Apple’s Safari shake-up threatens Google’s search dominance

Apple is reportedly preparing to introduce AI-powered search options to its Safari browser — a move that could significantly disrupt Google’s search empire and its multibillion-dollar advertising business, which heavily depends on iPhone users. The revelation, which surfaced during testimony from Apple executive Eddy Cue in a major U.S. antitrust case against Google, sent shockwaves […]

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Afreximbank launches $1b Africa film fund

The African Export-Import Bank, through its development-focused investment arm, the Fund for Export-Development in Africa, has launched a $1 billion Africa Film Fund aimed at transforming the continent’s film and creative industries. The announcement was made on Wednesday in an official statement shared on the bank’s Instagram page. Launched under the Creative Africa Nexus Programme, […]

Business

Lagos partners BOI, Sterling Bank to boost MSMEs

The Lagos State Government, in collaboration with the Bank of Industry and Sterling Bank, has launched a new initiative to support Micro, Small, and Medium Enterprises. In a statement on Wednesday, this partnership, formalized through a Memorandum of Understanding, will offer MSMEs access to single-digit loans at a 9% interest rate, aimed at fostering business […]

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CBN allocates N306bn for staff severance, related costs

The Central Bank of Nigeria disclosed that it spent N306.63 billion in 2024 on staff expenses and exit packages for former employees who opted for early retirement. This marks a more than 700% increase compared to the N37.7 billion spent in 2023. It also indicated that a total of N191.95bn was spent on staff allowances, […]

Google settles $100m lawsuit over ad pricing disputes
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Google to fund development of three new nuclear sites

Nuclear developer Elementl Power announced a partnership with Google on Wednesday to develop three advanced reactor sites in a strategic move to address the surging energy demands of data centers. The agreement marks a growing trend of tech giants collaborating with the nuclear industry to secure sustainable, high-capacity power sources. Under the deal, Google will […]

IT company CWG Plc eyes East Africa, Middle East expansion
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IT company CWG Plc eyes East Africa, Middle East expansion

Nigerian IT services giant CWG Plc is set to expand its operations into East Africa and the Middle East after posting its first billion-naira profit in over a decade, the company announced this week. The 32-year-old tech firm, which already operates in Nigeria, Ghana, Uganda, and Cameroon, reported a 428% surge in profit to ₦3.04 […]

OpenAI has informed investors that it plans to significantly reduce the share of its revenue allocated to Microsoft as part of an ongoing restructuring
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OpenAI to reduce Microsoft revenue share in restructuring plan

OpenAI has informed investors that it plans to significantly reduce the share of its revenue allocated to Microsoft as part of an ongoing restructuring, The Information reported on Tuesday. According to the report, the artificial intelligence firm behind ChatGPT will cut the percentage of revenue shared with Microsoft by at least half by the end […]

Bezos leads $72m investment in AI data firm Toloka
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Bezos leads $72m investment in AI data firm Toloka

Jeff Bezos’ personal investment firm, Bezos Expeditions, is leading a $72 million funding round in Toloka, an artificial intelligence data solutions company aiming to expand its footprint in the U.S. and global markets, Toloka announced on Wednesday. Toloka, a subsidiary of Nasdaq-listed Nebius Group, specializes in training and evaluating AI models through a global network […]

Netflix to redesign TV App, add AI-Powered search to iOS
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Netflix to redesign TV App, add AI-Powered search to iOS

Netflix announced on Wednesday a major redesign of its TV app interface and the introduction of generative AI features on its iOS mobile platform, as the streaming giant looks to strengthen its position in an increasingly competitive and uncertain market. The updates aim to enhance user experience by making content discovery more intuitive. The redesigned […]

Cyber firm CrowdStrike to fire 500 employees, cut costs
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Cyber firm CrowdStrike to fire 500 employees, cut costs

Cybersecurity firm CrowdStrike announced plans on Wednesday to lay off approximately 500 employees—about 5% of its global workforce—to streamline operations and cut costs. The announcement came as the company reaffirmed its fiscal 2026 first-quarter and full-year financial forecasts. The job cuts are expected to cost CrowdStrike between $36 million and $53 million, primarily in severance […]

French AI startup Mistral triples revenue in 100 days
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French AI startup Mistral triples revenue in 100 days

One of Europe’s rising artificial intelligence startups, Mistral AI, unveiled the enterprise version of its Le Chat chatbot on Wednesday, as the company reported a threefold increase in revenue over the past 100 days, driven largely by demand outside the United States. Founded just two years ago, the Paris-based firm had earlier introduced an open-source […]

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