Profit-taking pushes 55 stocks lower on NGX
Share prices of 55 companies listed on the Nigerian Exchange Limited depreciated last week following profit taking by the investors. However, 20…
Business
BOA intervention revives ginger production in Kaduna
Ginger farmers in Kachia Local Government Area of Kaduna State are recording encouraging harvests following an intervention by the Bank of Agriculture…
FG adds 616MW to national grid with Kano, Katsina projects
The Federal Government has increased the national electricity grid’s transmission capacity by 616 megawatts through newly commissioned projects in Kano and Katsina…
Japan backs Nigeria’s tech innovation with $10.4m funding
The Japanese government, through the Japan International Cooperation Agency, has committed $10.4m to support the expansion of innovation hubs across Nigeria. The…
Lagos explains delay in opening Opebi-Odoiya Alaro Bridge
The Lagos State Government has attributed the delay in opening the Opebi-Odoiya Alaro Bridge to the installation of an additional steel monument,…
Madagascar billionaire targets $450m Nigerian broadcasting deal
Two prominent figures in global business are directing substantial investments into the media and broadcasting industry. Tech entrepreneur Elon Musk has invested…
UK care providers fear closures over tougher immigration rules
Britain’s immigration crackdown is threatening its £15bn ($20bn) care sector, with providers warning that the proposed changes could force some businesses to…
AfDB raises $2.5bn bond as investor orders hit $4.8bn
The African Development Bank has raised $2.5bn through a three-year global benchmark bond issuance, attracting investor orders worth $4.8bn, nearly twice the…
IMF blames weak reforms for tax revenue shortfalls
The International Monetary Fund has identified overly optimistic tax revenue projections, weak policy implementation and limited administrative capacity as major factors contributing…
UK, OpenAI, Anthropic commit £300m to AI biosecurity lab
The United Kingdom government will invest £100m in a new AI Biosecurity Lab to detect and respond to biological threats using advanced…
France partners Wayve, Stellantis, Nvidia on autonomous cars
British artificial intelligence company Wayve, automaker Stellantis and US technology giant Nvidia have partnered with the French government to deploy self-driving vehicles…
Moonshot unveils Kimi K3.1 Pro model
Chinese artificial intelligence lab Moonshot has released Kimi K3.1 Pro, an upgraded version of its open-weight model, claiming it comes close to…