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Reps push for tax exemption for military personnel

The House of Representatives Committee on Finance has proposed exempting military personnel in Nigeria from personal income tax. The Chairman of the committee, Abiodun Faleke, announced this on Thursday during the review of four tax bills submitted by President Bola Tinubu in October 2024. The proposal acknowledges the critical role of military personnel in national […]

US senators demand Meta probe over chatbot child safety concerns
News

French publishers sue Meta over copyright infringement

France’s leading publishing and authors’ associations have filed a lawsuit against U.S. tech giant Meta for allegedly using copyrighted content without authorization to train its artificial intelligence systems. The National Publishing Union, the National Union of Authors and Composers, and the Society of Men of Letters announced at a press conference on Wednesday that they […]

Intel's new CEO outlines vision for leaner, more innovative future
News

Intel names Lip-Bu Tan as CEO to tame investor worries

Intel has appointed chip industry veteran and former board member Lip-Bu Tan as its new CEO, effective March 18. The decision comes three months after the ousting of Pat Gelsinger, whose ambitious turnaround strategy struggled to gain traction and raised concerns among investors. Tan, a seasoned technology investor, had been considered a strong candidate due […]

Tesla partners Baidu to enhance self-driving system
News

Tesla partners Baidu to enhance self-driving system

Tesla is collaborating with Chinese technology giant Baidu to improve the performance of its advanced driving assistance system in China. The move follows criticism from customers regarding a recent software update. Baidu has dispatched engineers from its mapping division to Tesla’s Beijing office. Their objective is to integrate Baidu’s navigation data, including lane markings and […]

Maritime

Shippers’ council urges barge operations for efficient port logistics

The Nigerian Shippers’ Council has emphasized the importance of barge operations in cargo evacuation at the country’s seaports. The Director of Inland Transport Services, Mr. Mustapha Zubairu, made this disclosure during a meeting with the Barge Operators Association of Nigeria on Monday in Lagos. Zubairu noted that the utilisation of barges is key in the […]

Snap unveils new lens studio tools for AR creators
Tech

Snapchat introduces AI-powered video lenses

Snapchat has launched its first-ever generative AI video Lenses, marking a major step in integrating artificial intelligence into its platform. The new feature, powered by Snap’s in-house generative video model, is available exclusively to users subscribed to Snapchat Platinum, the app’s premium tier, which costs $15.99 per month. The move follows Snap’s unveiling of an […]

News

FG pledges inclusive road network under Tinubu’s administration

The Minister of Works, David Umahi, has assured that no part of Nigeria will be left out in President Bola Tinubu’s plan to develop a robust road infrastructure network. According to a statement by the ministry’s Director of Information, Mohammed Ahmed, Umahi also praised the president for approving funding and providing leadership for the construction […]

Shipping crisis stalls Dangote fuel distribution
Oil and Gas

Dangote Refinery loses N32.5bn after petrol price cut

The Dangote Petroleum Refinery will incur an estimated N32.5 billion loss following a recent reduction in the ex-depot price of Premium Motor Spirit, also known as petrol. The refinery, which had accumulated over 500 million litres of petrol at a retail price of N890 per litre, initially valued its stock at N445 billion. However, a […]

News

NERC unveils panel to review, improve national grid operations

The Nigerian Electricity Regulatory Commission has inaugurated the Grid Code Review Panel to enhance the efficiency and technical operations of Nigeria’s power sector. According to the statement, the panel is tasked with reviewing and updating the grid code, which sets the technical standards for connecting to and operating within the national grid. While inaugurating the […]

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Local refineries key to lower fuel prices, reduced importation – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has emphasized that increasing local refining capacity will help lower fuel prices and reduce Nigeria’s reliance on imported petroleum products. Lokpobiri reaffirmed the Federal Government’s commitment to optimizing the downstream sector to strengthen the country’s energy security. He made this disclosure while receiving the Chief […]

Geregu Power Plc raises final dividend to N8.50/share
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Geregu Power Plc raises final dividend to N8.50/share

Geregu Power Plc has declared a final dividend of N8.50 per ordinary share for the financial year ending December 31, 2024, marking an increase from the N8.00 per share paid in the previous year. The announcement was disclosed in a corporate action notice received by Nairametrics. According to the statement, shareholders listed in the company’s […]

Anthropic CEO warns of AI espionage threat from China
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Anthropic CEO warns of AI espionage threat from China

Anthropic CEO Dario Amodei has raised alarms over potential industrial espionage targeting America’s leading artificial intelligence companies and urged the U.S. government to take action. Speaking at a Council on Foreign Relations event on Monday, Amodei expressed concerns that foreign spies — likely from China — are attempting to steal high-value AI technology. He described […]

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