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Zuckerberg testifies in Meta antitrust trial
News

Zuckerberg testifies in Meta antitrust trial

Meta CEO Mark Zuckerberg took the stand Monday in a landmark antitrust trial that could reshape the social media landscape in the United States. The Federal Trade Commission is seeking to break up Meta’s empire, arguing that the company acquired Instagram in 2012 and WhatsApp in 2014 to eliminate competition and preserve its dominance. Filed […]

OpenAI updates ChatGPT search tool to enhance online shopping
News

OpenAI launches GPT-4.1 AI models with major upgrades, lower costs

OpenAI unveiled its latest suite of artificial intelligence models on Monday, introducing GPT-4.1 along with smaller variants GPT-4.1 Mini and Nano. The company says the new models mark a significant leap in capabilities, particularly in coding, instruction following, and long-context comprehension. Available exclusively via OpenAI’s application programming interface, the GPT-4.1 models outperform the company’s previously […]

Apple shifts iPhone production from China to India amid tariff pressures
News

Apple overtakes Samsung as global smartphone leader

Apple claimed the top spot in global smartphone sales for the first quarter of 2024, fueled by robust demand for its iPhone 16 and surging sales in markets like Japan and India, according to data from Counterpoint Research released Monday. The tech giant captured 19% of the market, edging out rival Samsung, which held 18%, […]

Business

FG to expand Nigeria’s digital service providers across Africa

The Federal Government, through the Ministry of Industry, Trade, and Investment, has launched a new initiative to help Nigerian digital service providers expand across Africa. As part of this effort, the Ministry is inviting all digital service providers in Nigeria to participate in an official survey. This survey will collect information about their businesses and […]

featured

GenCos warn of imminent power crisis as debts exceed N4tn

The 23 power generation companies in Nigeria have raised the alarm that they can no longer ensure a stable electricity supply due to a worsening liquidity crisis in the power sector, as outstanding debts owed to them have now surpassed N4 trillion. Operating under the Association of Power Generation Companies, the firms made this known […]

News

China’s labour force faces hit as US export sectors shrink—Goldman Sachs

Goldman Sachs estimates that as much as 3% of China’s labour force—around 20 million people—could be impacted, particularly those working in sectors tied to United States bound exports. This follows the trade war between the U.S. and China, especially Trump’s imposition of high tariffs, which has created significant economic challenges for China. This slowdown, compounded […]

Business

Nigeria secures $1b investment to boost sugar production 

Nigeria has secured a $1 billion investment through a strategic partnership with Chinese conglomerate SINOMACH to enhance the nation’s self-sufficiency in sugar production. The agreement, formalized via a Memorandum of Understanding with the National Sugar Development Council, outlines plans to jointly develop a large-scale sugarcane cultivation and processing project within the country. This was disclosed […]

News

Tour company halts operations after fatal US helicopter crash 

The tour company responsible for the sightseeing helicopter crash in New York, which resulted in six deaths, is halting its operations immediately, according to the United States Federal Aviation Administration. The crash, which occurred last Thursday in the Hudson River, claimed the lives of the pilot and a family of five Spanish tourists, including three […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu meets Trump’s African advisor to strengthen US-Nigeria ties

President Bola Tinubu has met with the Senior Advisor for Africa from US President Donald J. Trump’s administration, Mr. Massad Boulos, in Paris, France, to discuss deepening strategic cooperation between Nigeria and the US. This was disclosed on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to the […]

News

CBN reaffirms support for SMEs driving economic growth

The Central Bank of Nigeria has reaffirmed its commitment to supporting the growth of Small and Medium Enterprises, recognizing the sector as a crucial driver of economic development and global recognition for Nigeria. This was disclosed by the acting Director, Corporate Communications Department at CBN), Hakama Ali, on Sunday, during the CBN’s Special Day at […]

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