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EFCC charges two over alleged unlawful supply of

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Microsoft warns Africa risks becoming AI consumer

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Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

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Meta plans fourth AI overhaul in six months
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Meta launches program to study human-robot interaction at home

Meta has announced PARTNR, a new research initiative focused on human-robot interaction in home environments. The program explores how robots and humans can collaborate on everyday tasks such as cleaning, cooking, and receiving deliveries. For decades, automated housework has been a futuristic dream, famously embodied by Rosie the Robot from The Jetsons. However, aside from […]

Amazon increases AI spending to $100bn
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Amazon increases AI spending to $100bn

Amazon CEO Andy Jassy announced during the company’s Q4 earnings call that capital expenditures (capex) for 2025 will exceed $100 billion, a sharp increase from $78 billion in 2024. The “vast majority” of this spending will fuel AI expansion at Amazon Web Services. Despite speculation that AI costs would plummet after DeepSeek’s launch, Big Tech […]

News

NIMC okays FIC for W’Bank-backed identification exercise

The National Identity Management Commission has authorized FIC Professionals Network Plc to take part in the World Bank-backed Identity for Development. This disclosed in a statement signed by the Executive Director, FIC Professionals Network Plc, Segun Shonubi, on Thursday. The ID4D Project aims to create a secure and verifiable digital identity for every Nigerian, improving […]

Meta tests in-house AI chip to reduce reliance on Nvidia
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Meta partners with UNESCO on AI-Language initiative

Meta has announced a new collaboration with UNESCO to advance artificial intelligence (AI) by collecting speech recordings and transcriptions in diverse languages. The initiative called the Language Technology Partner Program, aims to enhance AI speech recognition and translation models, which Meta plans to make openly available. The program seeks partners capable of contributing over 10 […]

News

Minister condemns brass refinery abandonment, vows project revamp

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has condemned the abandonment of the Brass Modern Refinery project in Bayelsa State, calling it unacceptable. The minister stated this during an inspection visit to Brass Local Government Area, where he also assessed the Ewa-Ama road project leading to the Brass Petroleum Products Terminal. […]

UK reportedly demands backdoor access to Apple user data
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UK reportedly demands backdoor access to Apple user data

British security officials have reportedly ordered Apple to create a so-called “backdoor” that would grant authorities access to all content uploaded by Apple users worldwide, according to The Washington Post on Friday. The report, citing sources familiar with the matter, suggests that Apple is likely to discontinue its encrypted cloud storage services in the UK […]

Oracle expands AI tools in NetSuite to streamline business processes
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Oracle expands AI tools in NetSuite to streamline business processes

Oracle has introduced a new set of artificial intelligence features to its NetSuite corporate finance software, aiming to simplify routine business tasks. Among the latest additions is an AI-powered tool designed to generate price quotes for complex purchases, such as custom bicycles, more efficiently. Unlike competitors such as Microsoft, which are focusing on general-purpose AI […]

Google to add digital watermark to AI-edited images
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Google to add digital watermark to AI-edited images

Google has announced that it will begin embedding a digital watermark in images edited with generative AI in Google Photos. The update, which takes effect this week, applies specifically to photos altered using the Reimagine feature within Magic Editor on Pixel 9 devices. Introduced in 2024, Reimagine uses generative AI to modify images, enabling more […]

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Nigeria’s GDP per capita drops to $835 – IMF

The International Monetary Fund reports that Nigeria’s GDP per capita fell from $877.07 in 2024 to $835.49 in 2025, marking a 4.74% decline. This continues a downward trend since 2014, when it stood at $3,220, according to data from the IMF website on Thursday. However, the IMF projects a rebound in 2026 and 2027, with […]

News

NIBSS enhances NQR payment system for faster, secure digital transactions

The Nigeria Inter-Bank Settlement System has introduced major enhancements to its Nigeria Quick Response payment system, aimed at improving digital transactions for businesses and individuals nationwide. The MD/CEO of NIBSS, Premier Oiwoh, highlighted the system’s advanced capabilities, emphasizing its potential to transform payments. With instant processing and immediate settlement, NQR ensures faster, more efficient, and […]

News

Economic reforms fuel growth, boost investment opportunities – Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has affirmed that Nigeria’s economy is on an upward trajectory with promising investment opportunities. He made this statement on Thursday in Abuja while receiving a high-level delegation from First Abu Dhabi Bank, led by Group Head of Investment Banking, Martin Tricaud, to discuss […]

News

Energy firm unveils new technology to curb gas flaring

PE Energy Limited, a leading energy services company, has introduced the Multi-phase Pump and Systems technology to eliminate gas flaring and enhance oil production in Nigeria. This innovation was unveiled at an oil and gas seminar in Lagos, organized in collaboration with ITT Bornemann GmbH, under the theme, ‘Eliminating Gas Flaring and Reducing CAPEX in […]

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