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IBM, OpenAI partner to target growing enterprise AI market

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Airtel Africa begins $100m share buy-back
Tech

Airtel Africa begins second round of $100m share buy-back program

Airtel Africa Plc has officially started the second tranche of its $100 million share buy-back program. This follows the completion of the first tranche announced on 23rd December 2024. This was disclosed in a statement signed by the Company Secretary, Simon O’Hara, and published on the Nigerian Exchange website on Wednesday. Airtel Africa’s second tranche […]

Seven accredited tech learning platforms for aspiring professionals
Tech

Experts say Silicon Valley prioritizes profits over AI research, safety

Silicon Valley, once a hub for groundbreaking artificial intelligence research, is undergoing a seismic shift. Tech titans like Meta, Google, and OpenAI, previously known for funding cutting-edge studies and fostering open academic collaboration, are now prioritizing commercialization over exploration, according to industry experts cited by CNBC. The pivot began with OpenAI’s release of ChatGPT in […]

News

Oil companies owe Nigeria $6bn in unpaid taxes — Falana

Human rights lawyer, and Senior Advocate of Nigeria, Femi Falana, has raised alarm over Nigeria’s ineffective tax enforcement, disclosing that oil and gas companies owe the country approximately $6 billion in unpaid taxes. Speaking at the 27th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, during a presentation titled “Tax […]

Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun
Business

Mamuda Beverages invests $50m in new industrial facility in Ogun 

Mamuda Group Nigeria Limited, via its subsidiary Mamuda Beverages, is investing $50 million in a new industrial facility in Ogun State. The facility will focus on food production, personal care products, and agro-processing. This was disclosed by the Governor of Ogun State, Prince Dapo Abiodun, on his official X handle on Tuesday. Governor Abiodun hailed […]

Aviation

NANTA, Turkish Airlines begin talks on strategic partnership

The National Association of Nigeria Travel Agencies and Turkish Airlines have initiated discussions to forge a strategic collaboration aimed at mutual growth According to the statement, the talks, held over a five-day business meeting in Istanbul, Turkey, were spearheaded by NANTA President, Yinka Folami, and included members of the association’s executive council. The delegation engaged […]

Abia State partners with MTN to drive digital transformation
News

Abia State partners with MTN to drive digital transformation

In a landmark move aimed at accelerating digital development, the Abia State Government has signed a Memorandum of Understanding with MTN Nigeria to deliver a suite of digital transformation initiatives across the state. Announced during a press briefing in Umuahia on Monday, the deal marks the culmination of months of negotiations between both parties and […]

Six Nigerian startups named among Africa’s fastest-growing companies
News

Six Nigerian startups named among Africa’s fastest-growing companies

Six Nigerian startups—Moniepoint, OmniRetail, PalmPay, Termii, Remedial Health, and Paga—have earned spots on the Financial Times’ 2024 list of Africa’s Fastest-Growing Companies, highlighting Nigeria’s strong presence in the continent’s tech-driven business landscape. Now in its third year, the Financial Times ranking, compiled in collaboration with Statista, profiles 130 high-growth companies across Africa. The list measures […]

Business

Sony shares climb amid volatility after $1.7b buyback news

Sony Group Corp. shares climbed over 3.5% in volatile trading Wednesday after the Japanese conglomerate announced a ¥250 billion ($1.7 billion) share buyback and reported stronger-than-expected operating income for the final quarter of its financial year. For the three months ending March 31, Sony posted an operating income of ¥203.6 billion, surpassing the average analyst […]

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IMF warns AI power surge could strain global energy systems

The International Monetary Fund raised alarms on Tuesday about the escalating electricity demands of artificial intelligence data centers, warning that the surge could challenge global energy infrastructure, drive up prices, and increase carbon emissions. In a statement, the IMF highlighted AI’s transformative potential to boost global economic growth by reshaping productivity, employment, and investment. However, […]

News

Nigeria, W’Bank partner to reclaim degraded land

Nigeria has restored 178,235 hectares of degraded land across 19 northern states under the World Bank-funded Agro-Climatic Resilience in Semi-Arid Landscapes Project. Launched in 2022 with $700 million, the initiative aims to rehabilitate one million hectares by 2028 to combat land degradation and stop the Sahara Desert’s advance, which endangers nearly 70% of northern Nigeria’s […]

News

CBN, NIBSS partner to launch BVN platforms for Nigerians abroad

The Central Bank of Nigeria in partnership with the Nigeria Inter-Bank Settlement System has unveiled the Non-Resident Bank Verification Number platform, a transformative initiative designed to enhance financial inclusion for Nigerians living abroad. The NRBVN platform allows diaspora Nigerians to obtain their Bank Verification Number remotely, eliminating the need for physical presence in Nigeria. This […]

Aviation

Airline ticket prices are deregulated – NCAA 

The Nigerian Civil Aviation Authority has reiterated that it does not control airline ticket prices, underscoring that airfares are a deregulated component of the global aviation industry. In an interview, NCAA’s Director of Consumer Protection and Public Affairs, Michael Achimugu, stated, “The price of tickets is not regulated,” according to The Punch He said the […]

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