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ChatGPT mobile app hits $2bn in global consumer spending
News

ChatGPT mobile app hits $2bn in global consumer spending

ChatGPT’s mobile app for iOS and Android has generated $2 billion in global consumer spending since its launch in May 2023, according to new data from app intelligence provider Appfigures. The figure is roughly 30 times the combined lifetime spending of competitors such as Claude, Copilot, and Grok. In 2025 alone, the app has earned […]

US in talks to acquire stake in Intel
News

US in talks to acquire stake in Intel – Report

The Trump administration is in discussions to acquire a stake in the United States semiconductor giant Intel, according to a Bloomberg report, in a move aimed at boosting domestic chip production. The deal, if finalized, would support Intel’s expansion of manufacturing in the United States, including its repeatedly delayed chip fabrication plant in Ohio. The […]

US senators demand Meta probe over chatbot child safety concerns
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US senators demand Meta probe over chatbot child safety concerns

Two Republican senators on Thursday called for a congressional investigation into Meta Pafter a Reuters report revealed an internal company document allowing its chatbots to “engage a child in conversations that are romantic or sensual.” Meta confirmed the document’s authenticity but said it removed the portions permitting chatbots to flirt or engage in romantic roleplay […]

Apple restores blood oxygen feature to US watches
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Apple restores blood oxygen feature to US watches

Apple will reintroduce its blood oxygen measurement feature to certain Apple Watch models in the United States following government approval, the company said on Thursday. The update, to be delivered via software, will be available for the Apple Watch Series 9, Series 10, and Apple Watch Ultra 2. The move comes after a lengthy legal […]

China hosts global humanoid robot games
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China hosts global humanoid robot games

China on Friday opened the World Humanoid Robot Games, a three-day international competition aimed at highlighting the country’s progress in artificial intelligence and robotics. The event features 280 teams from 16 countries, including the United States, Germany, and Brazil, competing in both athletic and technical challenges. The robots will participate in sports such as football, […]

Standard Bank CEO, CFO to retire in 2027
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Standard Bank CEO, CFO to retire in 2027

Standard Bank Group has announced that Chief Executive Sim Tshabalala and Chief Financial Officer Arno Daehnke will retire in 2027, ending more than a decade in their respective roles. Tshabalala has led Africa’s largest bank by assets since 2013, while Daehnke was appointed CFO in 2016. The announcement comes just months after the board raised […]

Naira strengthens slightly to N1,534.52/$ at official market
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Naira strengthens slightly to N1,534.52/$ at official market

The naira appreciated marginally against the US dollar at the official foreign exchange window on Thursday, closing at N1,534.52 to the dollar. Data from the Central Bank of Nigeria show the currency strengthened from Wednesday’s rate of N1,534.83, marking a modest gain of 0.3 kobo. In the parallel market, the exchange rate held steady at […]

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Public interest lawyer sues FG, NCAA, Ibom Air ₦500bn

Public interest lawyer, Ayodele Ademiluyi, has sued the Federal Government, the Nigerian Civil Aviation Authority, and others for ₦500 billion over alleged breaches of the rule of law in handling two aviation infractions involving King Wasiu Ayinde and Ms. Comfort Emmanson. The case, Ayodele Ademiluyi v. President of the Federal Republic of Nigeria & Ors […]

Business

CBN reaffirms commitment to boost economy, protect financial consumers

The Central Bank of Nigeria has reaffirmed its commitment to sustaining initiatives that boost economic growth and safeguard consumers in the financial sector. Acting Director of the CBN’s Corporate Communications Department, Mrs. Harkama Sidi Ali, gave the assurance on Thursday during the CBN Fair held in Abeokuta, Ogun State. The event, themed “Driving Alternative Payment […]

News

FG rolls over unspent 2024 capital funds into 2025 budget

The Federal Government has rolled over the unspent 2024 capital funds into the 2025 budget via the Government Integrated Financial Management Information System, enhancing disbursement efficiency and ensuring every naira is directed toward productive investments. Under the updated framework, the federal government emphasized that all Ministries, Departments, and Agencies must obtain warrants before entering into […]

Oil and Gas

FG, NNPCL eyes $4.5bn savings in oil, gas operations

The Federal Government, through the Nigerian National Petroleum Company Limited, is implementing aggressive measures to save the oil and gas sector between $3 billion and $4.5 billion in operational costs this year. This was disclosed by NNPCL Group Chief Executive Officer, Bayo Ojulari, during a keynote address at the Nigerian Association of Petroleum Explorationists’ 50th […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple rejects Elon Musk’s allegation of AI app bias

Apple on Thursday rejected Elon Musk’s claim that its App Store gives preferential treatment to OpenAI’s ChatGPT over his company’s Grok and other AI competitors. Musk’s accusations of favouritism, coupled with his threat of legal action, led to a tense exchange with OpenAI CEO Sam Altman this week. “The App Store is designed to be […]

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