Elon Musk becomes first man to reach $400bn net worth
Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, according to the Forbes real-time billionaires list, fueled by a 71%…
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Global efforts intensify to address submarine cable ruptures
In 2023, approximately 200 submarine cable failures were reported worldwide, according to data from the International Telecommunication Union. Around 80% of these…
Amazon delays Microsoft 365 rollout over security concerns
Amazon has delayed the deployment of Microsoft 365, the cloud-based Office suite, for a year due to security concerns. Although the two…
Banks suffer N42.33bn fraud losses in six months – Report
Banks in Nigeria have reported a significant N42.33bn in fraud-related losses during the first two quarters of 2024, with increases across various…
Dangote refinery begins petrol exports to Cameroon
The Dangote Petroleum Refinery and Neptune Oil have announced their first export of Premium Motor Spirit to Cameroon, marking a key milestone…
Access Bank to acquire full stake in S’Africa’s Bidvest Bank
Access Holdings announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement with South Africa’s Bidvest Group Limited to…
Meta donates $1m to Trump’s inaugural fund
Meta Platforms Inc. donated $1 million to President-elect Donald Trump’s inaugural fund as part of an effort to foster a positive relationship…
Reps probes customs over smuggling, brutality, alleged complicity
The House of Representatives has resolved to investigate the Nigeria Customs Service operations, focusing on smuggling, alleged complicity, and incidents of brutality.…
Nigeria’s money supply rises by 48% in October
Nigeria’s broad money supply grew by 48.3% year-on-year, reaching N107.7 trillion in October 2024, up from N72.6 trillion in the same period…
Nigerian, Chinese firms to provide solar generators for 100m Nigerians
Winock Solar, a Nigerian sustainable energy provider, has partnered with Cola Solar, a Chinese clean energy company, to deliver affordable solar generators…
ExxonMobil changes leadership as top official retires after 34 years
ExxonMobil has announced that the President of ExxonMobil Upstream Company and Vice President of ExxonMobil Corporation, Liam Mallon, will retire on February…
Nigeria’s oil production hits 1.7mbpd – FG
The Federal Government announced that Nigeria’s oil production, including condensates, rose by 9.9% to 1.69 million barrels per day in November 2024,…