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NNPCL cuts gas flaring by 96% at key oil fields

The Nigerian National Petroleum Company Limited announced a 96% reduction in gas flaring at the Anyala (OML 83) and Madu (OML 85) fields, managed jointly with First Exploration & Petroleum Development Company Limited. This was disclosed in a statement NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, on Thursday. Soneye stated that this milestone was achieved […]

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NPA plans 15% tariff increase

The Nigerian Ports Authority has obtained approval for a 15% tariff increase, marking the first adjustment since 1993. It said the decision is driven by the need to upgrade infrastructure and equipment, ensuring Nigerian ports remain competitive with global standards. This was disclosed by Managing Director of NPA, Dr Abubakar Dantsoho, on Thursday in Lagos […]

Snapchat expands AI features for paid subscribers
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Snapchat expands AI features for paid subscribers

Snapchat has launched AI-generated stickers for chats and a new self-destructing Snaps option for Snapchat+ subscribers as part of its ongoing effort to grow its paid membership base. Snapchat+ subscribers in the U.S. can now create custom stickers generated by AI to match their chat messages. Users type a message in the chat bar and […]

Starlink withdraws from South African regulatory hearings
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Starlink withdraws from South African regulatory hearings

Starlink’s planned expansion into South Africa has encountered a significant setback after the satellite internet provider withdrew from regulatory hearings led by the Independent Communications Authority of South Africa. SpaceX, Starlink’s parent company owned by billionaire Elon Musk, notified ICASA on Wednesday evening that it would not participate in the oral hearings. The decision came […]

OpenAI makes ChatGPT free, expands access without sign-ups
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OpenAI plans more data centers in US

A joint venture involving OpenAI, SoftBank, and Oracle is close to selecting new locations for data center campuses in Texas, with plans to expand into over a dozen other states as part of their effort to invest hundreds of billions in AI infrastructure. A company spokesperson confirmed that OpenAI is making significant progress in selecting […]

YouTube tests two-person premium subscription in select countries
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YouTube targets TikTok creators with ads ahead of ban

YouTube is targeting TikTok content creators with ads on the app, aiming to attract these valuable users to its platform amid TikTok’s uncertain future. This move seeks to capitalize on potential instability within TikTok and position YouTube as a more stable alternative for creators. “I never thought in my life I would be a YouTuber; […]

Nigeria’s CBN treasury bills auction attracts N3.1trn
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Nigeria’s CBN treasury bills auction attracts N3.1trn

The Central Bank of Nigeria has released the results of its Treasury Bills auction conducted on February 5, 2025, which has attracted over N3.1 trillion in subscriptions. For the 91-day bills, N50 billion was offered, N42.37 billion subscribed, and N31.94 billion allotted at an 18% stop rate. In the 182-day bills, N120 billion were offered, […]

UAC Nigeria reports N25.8bn pre-tax profit for 2024
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UAC Nigeria reports N25.8bn pre-tax profit for 2024

UAC of Nigeria PLC has announced a full-year pre-tax profit of N25.8 billion for 2024, representing a 109.30% increase from N12.3 billion recorded in the previous year. The company also posted strong fourth-quarter earnings, with pre-tax profit rising 77.86% to N4.8 billion, up from N2.7 billion in the same period last year. Fourth-quarter revenue surged […]

China files complaint to WTO over Trump’s tariffs
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China files complaint to WTO over Trump’s tariffs

China has lodged an official complaint with the World Trade Organization against U.S. President Donald Trump’s new 10% tariff on Chinese imports, arguing that the move is protectionist and violates WTO regulations. The complaint, filed on Wednesday, also challenges the revocation of a duty-free exemption for low-value packages, a decision that has disrupted supply chains […]

DeepSeek returns to South Korean markets after privacy review
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US lawmakers to introduce bill banning DeepSeek chatbot on govt devices

A group of United States lawmakers is set to introduce a bill on Thursday that would prohibit the use of DeepSeek’s chatbot application on government-owned devices, the Wall Street Journal reported. The proposed legislation comes amid growing concerns over data security and potential risks associated with AI applications developed by Chinese companies. Lawmakers argue that […]

China’s DeepSeek delays AI model after Huawei chip failure
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Chinese AI Startup DeepSeek suspends API service

DeepSeek, a Chinese artificial intelligence startup, has temporarily halted API service top-ups due to server resource constraints, according to a notice on its website on Thursday. The suspension affects a platform that enables developers of other models to integrate DeepSeek’s AI technology. Over the past two weeks, the company has struggled with server issues as […]

Google halts diversity hiring goals, reviews DEI programs
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Google halts diversity hiring goals, reviews DEI programs

Google has announced the end of its aspirational hiring goals for underrepresented groups and is reviewing several of its diversity, equity, and inclusion initiatives. The move aligns the tech giant with a growing number of U.S. companies scaling back diversity programs. “In 2020, we set aspirational hiring goals and focused on growing our offices outside […]

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