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Business

Sahara Power pushes for digital electricity grid to fix Nigeria’s power

Sahara Power Group has called for the adoption of a digital electricity grid to address Nigeria’s longstanding power supply challenges. Speaking through a representative at the IoT West Africa Conference, the Group Managing Director of Sahara Power Group, Kola Adesina, said a digital grid offers the quickest and most sustainable route to ensuring reliable electricity […]

featured

Dangote unveils 20,000MW generation ambition

The chairman of Dangote Group, Aliko Dangote has said he plans to expand into 20,000 megawatts of power generation, while defending his more than $20 billion refinery project as evidence that large-scale industrial investments are achievable in Africa. Dangote made the comments during a podcast hosted by the Managing Director of the International Finance Corporation, […]

Business

Global watchdog warns AI boom could trigger private credit losses

The rapid expansion of private credit into the artificial intelligence sector is raising fresh financial stability concerns, with global regulators warning that a market correction could trigger significant losses. In a new report, the Financial Stability Board said the growing role of private lenders in financing AI infrastructure could amplify risks if the sector cools […]

Electricity featured

Senate confirms Joseph Tegbe as new power minister

The Senate on Wednesday confirmed Mr Joseph Tegbe as Minister of Power after he successfully passed his screening during plenary. According to the News Agency of Nigeria, his confirmation followed an extensive consideration by the Senate Committee of the Whole. During deliberations, lawmakers expressed concern over Nigeria’s persistent electricity challenges, noting that although installed generation […]

Tech

Publishers sue Meta over AI training using books, journals

Five major publishers filed a lawsuit against Meta Platforms in Manhattan federal court on Tuesday, accusing the tech giant of improperly using their books and academic journals to train its artificial intelligence systems. Elsevier, Cengage, Hachette, Macmillan, and McGraw Hill, along with author Scott Turow, allege in a proposed class-action suit that Meta unlawfully copied […]

Anthropic gives Claude AI power to end conversations
Tech

Anthropic expands AI ambitions with SpaceX partnership

Anthropic on Wednesday unveiled a new partnership with Elon Musk’s SpaceX, securing the full compute capacity of the company’s Colossus 1 data center in Memphis, Tennessee, in the United States. Under the agreement, Anthropic will gain access to more than 300 megawatts of computing power and has also expressed interest in collaborating with SpaceX to […]

Telecommunications

Reps blame NCC for poor telecom service quality nationwide

The House of Representatives on Wednesday blamed the Nigerian Communications Commission for what lawmakers described as weak regulatory governance, holding the agency responsible for the persistent poor quality of telecommunications services nationwide. The lawmakers said the commission had failed to enforce standards capable of compelling service providers to deliver reliable connectivity, warning that the situation […]

featured Oil and Gas

Dangote Refinery says petrol price remains unchanged nationwide

Dangote Petroleum Refinery and Petrochemicals Limited has stated that the price of Premium Motor Spirit, also known as petrol, remains unchanged, reaffirming that its ex-depot price has not been adjusted. In a statement, the refinery noted that maintaining its current pricing underscores its commitment to supporting stability in the domestic energy market and cushioning the […]

Life Style

CNN founder Ted Turner dies at 87 from dementia

Ted Turner, the flamboyant United States entrepreneur who transformed television news with the creation of CNN in 1980, has died at the age of 87, the network said Wednesday. The mustached southerner, yachting enthusiast and philanthropist, whose empire also included sports clubs, had been suffering from the degenerative disease Lewy Body Dementia. Cable News Network […]

Reps probe alleged tax evasion by Multichoice group
Business

EFCC arraigns Metro Digital over illegal Multichoice content broadcast

The Economic and Financial Crimes Commission has arraigned a communication company, Metro Digital Limited, on an amended four charge bordering on cybercrime and alleged unlawful interception and rebroadcast of Multichoice Nigeria Limited content. The agency, in a statement posted on its X handle on Wednesday, said the firm was arraigned on Tuesday before Justice A.T. […]

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