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Apple unveils new commission rates for external app payments

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BOI to channel 80% large enterprise loans towards priority

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NCAA to make RFID baggage tracking mandatory at airports

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RMAFC completes review of Nigeria’s revenue allocation formula

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OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations
News

OpenAI’s $500bn ‘Stargate’ project eyes global expansion

OpenAI’s massive AI infrastructure initiative, known as Stargate, may soon stretch beyond U.S. borders. The $500 billion project is backed by OpenAI, Oracle, and SoftBank is considering international investments, with potential sites in the U.K., Germany, and France, according to a new report from the Financial Times. Launched earlier this year, Stargate was initially framed […]

Meta to invest $65bn in AI infrastructure, says Zuckerberg
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TikTok poses ‘highly urgent’ threat to Meta – Zuckerberg

Meta CEO Mark Zuckerberg testified Wednesday that TikTok posed a serious threat to the company’s dominance, describing the short-form video app as a “top priority” and “highly urgent” competitive challenge when it emerged in 2018. His remarks came during the first week of the United States Federal Trade Commission’s antitrust trial against Meta, according to […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
Tech

Google loses antitrust case over monopoly in online ads tools

A United States federal judge has ruled that Google illegally monopolized key sectors of the online advertising technology market, marking a significant antitrust setback for the tech giant. The U.S. Department of Justice, joined by 17 states, has filed an antitrust lawsuit against Google, accusing the company of unlawfully dominating the digital advertising market. The […]

News

Petrol price may drop to N800/litre as crude falls

The decline in crude oil prices, combined with the reinstatement of the naira-for-crude swap for local refiners, could drive the pump price of Premium Motor Spirit (petrol) down to around N800 per litre in the coming weeks or months, according to oil marketers and industry analysts. This projection follows another price cut by Dangote Petroleum […]

FG unveils plan to revamp cooperative sector, targets $1trn economy
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FG unveils plan to revamp cooperative sector, targets $1trn economy

The Federal Government has launched a bold initiative aimed at revitalising Nigeria’s cooperative sector, with a long-term goal of positioning it as a key contributor to building a $1 trillion economy within the next decade. Speaking at the flag-off ceremony of a national training workshop for cooperative stakeholders in Enugu, Minister of State for Agriculture […]

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

xAI blames “unauthorized modification” for Grok’s repeated 'white genocide' responses
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 […]

Zuckerberg, Meta directors settle $8bn privacy lawsuit ahead of testimony
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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
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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
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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, […]

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