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FG borrowed ₦11.9tn in 31 months, says Oyedele

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Ekiti approves ₦3bn for new high court office complex

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Diageo to sell majority stake in Guinness Nigeria

The foreign majority shareholder in Guinness Nigeria Plc, Diageo, has agreed to sell its 58.02% controlling stake to Tolaram, a multinational company based in Singapore. The agreement was signed on Tuesday. Under the terms of the deal, Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria and enter into long-term license and royalty agreements to […]

SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses
News

SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses

The Small and Medium Enterprises Development Agency of Nigeria and Sterling Bank Ltd. have launched Databanc, a N5 billion program to help small enterprises bridge financial gaps. This was disclosed on Monday by SMEDAN’s at the event themed “Building with Data: Promoting Economic Growth through Data-Driven Insights,” according to Nairametrics. The program, which aims to […]

Ex-Robots engineers enhance humanoid robot with facial expressions
News Uncategorized

Ex-Robots engineers enhance humanoid robot with facial expressions

Engineers in the Ex-Robots factory located in the northeastern coastal city of Dalian are pushing the boundaries of humanoid robotics with a focus on developing sophisticated facial expressions and emotional responses. Inside the factory, neck-length silicone masks are sprawled across tables alongside silicone arms and feet, while disembodied heads sit on display. Nearby, humanoid robots […]

Elon Musk threatens to ban iPhones over Apple's OpenAI integration
News

Elon Musk threatens to ban iPhones over Apple’s OpenAI integration

Elon Musk issued a stern warning about banning iPhones from all his companies following Apple’s announcement of its integration with OpenAI’s ChatGPT, which was revealed at the Worldwide Developers Conference 2024 on Monday. In a series of posts on X (formerly Twitter), the CEO of Tesla, SpaceX, and xAI stated that if Apple integrates OpenAI […]

CBN fines banks ₦150m for selling mint Naira notes
News

FG spent $2.2bn to service debt in five months – CBN

The Central Bank of Nigeria has revealed that Nigeria’s debt servicing cost approximately N2.2 billion in the first five months of this year. This was disclosed in the latest CBN data, according to The Punch. This is about half of the $4.8 billion expected for the full year by Fitch Ratings, who had predicted that […]

News

Banks’ loan from CBN declines 10.6% to N10.9trn

Bank borrowing from the Central Bank of Nigeria decreased by 10.6 per cent month on month in May to N10.9 trillion. The CBN lends money to banks through the SLF at an interest rate of 100 basis points (bpts) higher than the Monetary Policy Rate (MPR), it also lends money to banks through the Repurchase […]

Apple to pledge $100bn to US manufacturing
Tech

Apple unveils AI strategy with integration of ChatGPT into iPhones

Alex Omenye Apple has announced a major step in its AI strategy by integrating OpenAI’s ChatGPT into iPhones, revealed at the Worldwide Developers Conference on Monday. This move introduces Apple Intelligence features, allowing users to summarize text and generate personalized content such as animations. Alongside this, Apple also rolled out new versions of its operating […]

Access Bank nears final stages of National Bank of Kenya acquisition
Business

Access Bank acquires African Banking Corporation of Tanzania

Alex Omenye Access Bank has acquired African Banking Corporation of Tanzania Limited in a significant move to strengthen its footprint in East Africa. This acquisition marks a major step in the bank’s continent-wide expansion strategy. “This strategic move represents a notable step towards setting a railroad in Tanzania for intra-African trade within the East African […]

Technology

Nokia CEO makes world’s first ‘immersive’ phone call

Alex Omenye Nokia CEO Pekka Lundmark demonstrated a new technology called “immersive audio and video” that enhances call quality with three-dimensional sound, making interactions more lifelike. The announcement was made on Monday. “We have demonstrated the future of voice calls,” said Lundmark, who was also present in the room when the first 2G call was […]

Microsoft plans for collaboration with AI agents
Technology

Microsoft unveils new Xbox consoles

Alex Omenye Microsoft kicked off its annual Xbox Games Showcase on Sunday, unveiling a new all-digital version of its Xbox Series X and S consoles, along with trailers for more than a dozen upcoming games, including the highly anticipated next installment of “Call of Duty.” The showcase comes at a critical juncture for Xbox and […]

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