Category: News

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,...

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...

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...

Chinese AI Startup DeepSeek suspends API service

DeepSeek, a Chinese artificial intelligence startup, has temporarily halted API service top-ups due to server...

Google halts diversity hiring goals, reviews DEI programs

Google has announced the end of its aspirational hiring goals for underrepresented groups and is...

FG eyes fresh $580m W’Bank loans

The Federal Government is negotiating two new loans worth $580 million with the World Bank,...

CBN sets weekly $25,000 FX limit for BDCs

The Central Bank of Nigeria has introduced new guidelines limiting Bureau de Change operators to...

Oil operators’ debt to FG reaches $6.1bn – NEITI

The Nigeria Extractive Industries Transparency Initiative has revealed that, as of August 2024, oil and...

Dangote refinery exports cargoes of jet fuel to Saudi Aramco

The Dangote Refinery has announced the sale of two cargoes of aviation fuel to Saudi...

Excessive govt spending eroding effectiveness of monetary policy – MPC member

A member of the Central Bank of Nigeria’s Monetary Policy Committee, Murtala Sagagi, has pointed...

Amazon to unveil AI-powered Alexa upgrade in February

Amazon is set to launch a long-awaited generative AI-powered upgrade to Alexa, marking the most...

InDrive introduces bank transfer feature in Nigeria

Ride-hailing service InDrive has launched a bank transfer feature in Nigeria, allowing passengers to pay...