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Governor Otti urges swift action on Aba-Umuahia-Enugu rail project
News

Governor Otti urges swift action on Aba-Umuahia-Enugu rail project

Governor Alex Otti of Abia State has called on the Nigerian Railway Corporation to expedite the rehabilitation of the Aba-Umuahia-Enugu rail corridor, describing the project as crucial to revitalising transportation and boosting economic growth across the South-East. Governor Otti made the appeal on Wednesday during a meeting with a delegation from the NRC, led by […]

Grok adds memory feature to rival ChatGPT, Gemini
News

Grok adds memory feature to rival ChatGPT, Gemini

Elon Musk’s artificial intelligence venture, xAI, is taking a significant step forward in the chatbot race with the rollout of a new “memory” feature for its Grok assistant. This feature brings xAI closer to competitors like OpenAI’s ChatGPT and Google’s Gemini. Announced Wednesday evening, the update allows Grok to retain information from previous conversations, enabling […]

Snapchat would have grown faster under Meta - Zuckerberg
featured News

Snapchat would have grown faster under Meta – Zuckerberg

Meta CEO Mark Zuckerberg testified this week that Snapchat could have seen faster growth if it had accepted Facebook’s acquisition offer more than a decade ago, according to court coverage by Business Insider. Speaking during Meta’s ongoing antitrust trial, Zuckerberg reflected on the social media giant’s failed attempt to purchase Snapchat in 2013. While contemporary […]

Gold hits record high amid escalating US-China trade tensions
News

Gold hits record high amid escalating US-China trade tensions

The price of gold surged to an all-time high on Wednesday as mounting fears over the deepening trade war between the United States and China rattled global markets. Gold climbed to $3,357.40 (approximately ₦4.9 million) per ounce before easing slightly, marking a nearly one-third increase in value since the start of the year. The sharp […]

Tesla whistleblower wins legal fight against Elon Musk
News

Tesla whistleblower wins legal fight against Elon Musk

A former Tesla engineer has won a major legal victory in her years-long battle against the electric carmaker and its CEO, Elon Musk. Cristina Balan, who was fired by Tesla in 2014 after raising concerns about vehicle safety, has successfully overturned a lower court decision that had blocked her defamation lawsuit from moving forward. The […]

Nigeria Exchange in decline two weeks in a row
News

NGX erases gains as investors lose N445bn

The Nigerian Exchange saw a reversal of previous gains on Wednesday, with the All-Share Index dropping by 708.14 points, or 0.68%, to close at 103,851.88 points. This decline led to a N445 billion loss in market value, bringing the total market capitalisation down from N65.7 trillion to N65.3 trillion, primarily due to widespread losses in […]

Business

Nigeria, S’Africa partner on mining to drive industrial growth

Nigeria and South Africa have signed a Memorandum of Understanding to promote mining development, with the aim of boosting industrialization and creating jobs in both nations. This agreement is part of broader efforts to strengthen cooperation under the Nigeria-South Africa Bi-National Commission, which was recently revitalized by Presidents Bola Tinubu and Cyril Ramaphosa. The MoU, […]

Electricity featured

Nigeria slashes electricity export to Niger Republic

The Federal Government has cut electricity supply to the Junta-led Niger Republic by 42%, reducing it from 80MW to 46MW. This reduction has led to a 30 to 50% drop in the country’s power production, prompting Nigelec, the state-owned electricity company, to implement planned power outages, which could last for several days, particularly in Niamey. […]

Oil and Gas

Sahara Group, Amigo LNG ink gas purchase agreement

Sahara Group, a leading global energy and infrastructure conglomerate, has signed a landmark 20-year Liquefied Natural Gas Sales and Purchase Agreement with Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance. Under the agreement, Sahara Group will offtake 0.6 million metric tonnes per annum of LNG from Amigo LNG’s export terminal located […]

Electricity

Minister blames past administrations for power sector woes

The Minister of Power, Adebayo Adelabu, has blamed past administrations for Nigeria’s ongoing power challenges. He stated that former Presidents and military rulers failed to adopt new approaches, yet expected different results. In a statement on Wednesday, the minister’s media aide, Bolaji Tunji, revealed that Adelabu made these comments while hosting a World Bank delegation […]

Reps proposes bill to ensure timely salary payments
News

Reps order Remita to refund N182.77bn TSA funds 

The House of Representatives has instructed Remita (SystemSpecs Ltd) to refund N182.77 billion that was withheld from the Treasury Single Account since 2015. This follows a forensic audit revealing discrepancies, and the directive was issued after the Public Accounts Committee reviewed a report from consulting firm Seyi Katola & Company. In 2024, the House had […]

OpenAI introduces o3 AI models with enhanced safety features
Tech

OpenAI in talks to acquire Windsurf for $3b

OpenAI is reportedly in advanced discussions to acquire Windsurf, an AI-powered coding assistant formerly known as Codeium, for approximately $3 billion. Bloomberg was the first to report the potential deal, citing a source familiar with the discussion. OpenAI is accelerating its efforts to maintain a lead in the competitive generative AI space, where rivals like […]

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