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LCCI calls for accountability from NGIF fund managers

The Lagos Chamber of Commerce and Industry has called on the newly appointed managers of the $10 billion Nigeria Global Investment Fund to ensure accountability. The LCCI emphasized that the 23 selected companies must adhere to rigorous standards as they develop frameworks to drive investment, according to The Punch. On Tuesday, the Federal Government announced […]

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Why Nigerian project managers must be certified – CIPM

The Chartered Institute of Project Managers of Nigeria has affirmed its commitment to ensuring that only certified professionals are authorized to manage projects across the country. The Registrar of the Chartered Institute of Project Managers of Nigeria, Henry Mbadiwe made this announcement during a three-day training and induction event titled “The Digital Project Manager,” according […]

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FCCPC issues traders one-month deadline to reduce prices nationwide

The Federal Competition and Consumer Protection Commission has announced a one-month moratorium for traders and market stakeholders involved in exploitative pricing, urging them to lower the prices of goods. This move, aimed at curbing unethical pricing practices, was revealed by the newly appointed Executive Vice Chairman of the FCCPC, Mr. Tunji Bello, during a stakeholders’ […]

Salesforce launches AI assistant for Slack, Tableau
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Salesforce shares rise 4%, eyes additional $9bn to market capitalization

Salesforce shares rose to 4% on Thursday as investors responded positively to the company’s strong quarterly performance and its aggressive push into artificial intelligence. The customer relationship management software firm reported better-than-expected revenue, profit, and margins for the second quarter, bolstered by its ongoing investment in AI technologies. The company is integrating its AI capabilities […]

Samsung reports profit amid AI-driven chip demand
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Samsung eyes Nokia’s mobile networks assetsa

Nokia is exploring strategic options for its mobile networks business, with potential interest from suitors such as Samsung Electronics, Bloomberg News reported on Thursday. The Finnish telecom equipment maker is considering several alternatives, including a potential sale of its mobile networks division, which could be valued at up to $10 billion. Other options under review […]

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Nigerian airlines, Boeing partner to strengthen aircraft acquisition, safety practices

Major Nigerian airlines, represented by the Airline Operators of Nigeria, have entered into a Memorandum of Understanding with Boeing to enhance aircraft acquisition and safety standards in the country. The agreement, aimed at advancing various aspects of Nigeria’s aviation industry, was finalized on Wednesday in Seattle, Washington. Led by Nigeria’s Minister of Aviation and Aerospace […]

Meta tests in-house AI chip to reduce reliance on Nvidia
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Tech companies, banks using Llama AI models – Meta

Meta’s Llama artificial intelligence models are increasingly being adopted by major corporations, including Goldman Sachs and AT&T, for various business applications such as customer service, document review, and code generation. The social media giant disclosed this information in a statement on Thursday. Since Meta began releasing Llama models publicly last year, they have been downloaded […]

Australia fines Google $36m over anticompetitive search engine deals
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Google eyes hyperscale data center Investment in Vietnam

Alphabet’s Google is reportedly considering a significant investment to establish a hyperscale data center in Vietnam, marking the first major venture of its kind by a leading U.S. tech company in the country. According to a source familiar with the matter, Google is exploring the development of the data center near Ho Chi Minh City, […]

Top 10 employers in Nigeria
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Top 10 employers in Nigeria

The Nigerian job market is marked by a complex blend of opportunities and hurdles, continually shifting due to the efforts of key players across various sectors. Recent data from the National Bureau of Statistics highlights a challenging period for employment, with the unemployment rate rising to 5.0% in Q3 2023, up from 4.2% in Q2 […]

Naira crosses N1,000/$ in parallel market
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Currency outside banks drops to N3.66tn in July 

The amount of currency outside the Nigerian banking system fell to N3.66 trillion in July 2024, marking a 3.32% decrease from the previous month’s figure of N3.79 trillion. This decline, the second this year, reflects the Central Bank of Nigeria’s continued efforts to tighten liquidity and encourage the deposit of funds into the formal banking […]

X poised for first ad revenue growth since Musk takeover
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Brazil threatens to suspend Elon Musk’s X

Brazilian Supreme Court Justice Alexandre de Moraes on Wednesday issued a ruling requiring billionaire Elon Musk to appoint a legal representative for his messaging platform X in Brazil within 24 hours. Failure to comply could result in the suspension of X’s operations in the country, according to the court’s decision. Earlier this month, X announced […]

Toyota suffers sixth straight monthly production decline
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Toyota suffers sixth straight monthly production decline

Toyota Motor announced on Thursday that its global production decreased for the sixth consecutive month in July. The company reported a 1% drop in output compared to the same month last year, totaling 804,610 vehicles. This decline was less severe than the double-digit reductions experienced in previous months. Production in key markets saw notable decreases, […]