Blog

News

Google warns of US power crisis in AI race with China

The United States is grappling with a power capacity crisis as AI development fuels surging energy demand, warns Maud Texier, Google’s head of energy strategy. The rapid expansion of AI data centers, outdated grid infrastructure, and growing electricity consumption are straining the nation’s power supply. The rise of China’s DeepSeek AI firm sent major power […]

News

FG to reform cooperative sector for growth, cohesion – Minister

The Federal Government of Nigeria is actively pursuing reforms to revitalize the nation’s cooperative sector, aiming to bolster economic growth, enhance social cohesion, and reduce poverty. The Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi, revealed this during a technical strategy session on the Cooperative Reform Programme held in Abuja on Wednesday. […]

Adobe unveils Firefly video model, announces subscription
News

Adobe unveils Firefly video model, announces subscription

Adobe has introduced the first public version of its artificial intelligence-powered video-generation tool, the Firefly Video Model, while also disclosing its initial pricing structure. However, the company stated that pricing for major clients, such as film and television studios, will be determined later this year. The Firefly Video Model enters a competitive landscape that includes […]

Global EV sales rise by 18% in January
News

Global EV sales rise by 18% in January

Global sales of electric and plug-in hybrid vehicles increased by 18% year-on-year in January, marking the first time since February 2023 that growth in Europe and the United States outpaced China, research firm Rho Motion reported on Wednesday. The European market saw a strong start to the year as new CO2 emission targets took effect […]

Power crisis worsens as National grid collapses again
News

Power crisis worsens as National grid collapses again

Nigeria experienced yet another national grid collapse on Wednesday, leaving many parts of the country without electricity. The collapse occurred shortly after 11 a.m., leading to a significant drop in power generation. At 11 a.m., the grid was generating 4,064 megawatts, but this figure plummeted to 1,203MW by noon before dropping to zero by 1 […]

Labour advocates annual minimum wage adjustment to reflect inflation
News

NLC directs workers to boycott telecom services over tariff hike

The Nigeria Labour Congress has called for a boycott of mobile telecom services beginning Thursday, February 13, 2025, in protest against the 50% tariff hike recently approved by the Nigerian Communications Commission. The decision follows a meeting of the NLC’s Central Working Committee in Kogi State on Tuesday, where the union voiced its opposition to […]

Tech

British fintech to cut 20% of global workforce

British digital remittances firm Zepz is cutting dozens of IT jobs and shutting down operations in Poland and Kenya. Around 200 employees will be affected, according to two redundant staff members who spoke to CNBC anonymously. London-based Zepz, formerly WorldRemit, had 1,000 employees as of January, with layoffs affecting about 20% of its workforce. The […]

featured

Nigeria, UAE update BASA to enhance airline codeshare agreements

Nigeria and the UAE have signed an amended Bilateral Air Service Agreement to expand codeshare arrangements, enabling airlines to share flights and sell tickets on each other’s networks. The deal also boosts interlining opportunities for Nigerian airlines, strengthening aviation ties. Nigeria’s Aviation Minister, Festus Keyamo, signed the deal during the ICAO GISS 2025 in Abu […]

News

EU, Germany launch initiative to boost renewable energy funding in Nigeria

The European Union and Germany have launched GET.invest Nigeria to boost renewable energy investments and expand electricity access, especiallyv in rural areas. Announced in Lagos on Tuesday, the initiative aims to support Nigeria’s energy transition through sustainable financing. At the launch, the Team Leader for Green and Digital Economy at the EU Delegation to Nigeria […]

News

Temu, Shein US sales fall as Trump targets China

Online shopping giants Temu and Shein saw a sales decline after U.S. President Trump removed a duty exemption for their small parcels, signaling a potential chilling effect on American consumers drawn to their low prices. Shein’s U.S. sales dropped 16% to 41% from Feb. 5 over five days, while Temu saw a decline of up […]

News

China’s Baidu to launch next-gen AI model amid DeepSeek competition

China tech giant, Baidu plans to launch Ernie 5.0 in the second half of 2025, featuring enhanced multimodal capabilities. The AI model will be able to process and convert text, video, images, and audio, positioning Baidu against rising competitors like DeepSeek. The release comes as competition in China’s AI sector heats up, with startups like […]