Nscale’s engineer sues company after ‘wrongful dismissal’
An engineer at Nscale’s data centre in Stavanger, Norway, has sued the British artificial intelligence cloud company and its subcontractor, CloudBrothers, over…
Business
Cloudflare records millions of attacks amid PHP vulnerabilities
Cloudflare has detected millions of attempts to exploit two critical vulnerabilities in PHP since details of the flaws were disclosed on Wednesday,…
American Express to cut thousands of jobs amid AI expansion
American Express is cutting about 5 per cent of its global workforce as the credit card giant prepares to expand the use…
CBN grants JPMorgan’s plan to establish Merchant Bank in Nigeria
The Central Bank of Nigeria has granted JPMorgan approval-in-principle to establish a merchant bank in the country, paving the way for the…
Lagos Blue Line to reach FESTAC, Alakija, Trade Fair
The Lagos State Government has announced plans to extend the Lagos Rail Mass Transit Blue Line to FESTAC, Alakija and Trade Fair,…
Firms illegally tap national grid, consume 150MW daily – FG
The Federal Government has raised the alarm over electricity theft by some companies in Lagos State, alleging that they illegally connect their…
Bi-Courtney chair hails Tinubu as legal battle ends
The Chairman of Bi-Courtney Aviation Services Limited, Dr Wale Babalakin, has praised President Bola Tinubu for facilitating the resolution of the longstanding…
FG boosts Kano electricity supply with four new substations
The Federal Government has inaugurated four transmission substations in Kano State, adding 544 megawatts of transmission capacity to improve electricity supply to…
BOI targets three million jobs, N1.85tn lending by 2027
The Bank of Industry has set a target of creating and sustaining three million jobs and increasing its annual lending to N1.85tn…
Meta shares fall 6% after negative $2.12bn cash flow
Shares of Meta fell by about six per cent on Thursday after the social media giant reported negative free cash flow in…
Reps summon telecom CEOs over poor services, threaten arrest
The House of Representatives has summoned chief executive officers of telecommunications companies operating in Nigeria to appear before it on October 28…
Barclays to cut 5,000 jobs amid growing AI adoption
Barclays is cutting about 5,000 jobs as it expands the use of artificial intelligence in its operations. The banking group said it…