Meta to acquire stake in Ray-Ban smart glass partner
Meta is reportedly in negotiations to acquire a stake of approximately 5% in EssilorLuxottica, its partner in producing Ray-Ban smart glasses, according…
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OpenAI launches cost effective GPT-4o mini
OpenAI, the creator of ChatGPT, announced on Thursday the launch of GPT-4o mini, a smaller and more cost-effective AI model aimed at…
CBN approves $20,000 to each BDC at N1,450/$1
The Central Bank of Nigeria has declared that it has approved the sales of foreign exchange to qualified Bureau De Change to…
Customs duties exchange rates passes official market rate
The Nigeria Customs Service has raised the exchange rate for collecting customs by N3, surpassing the official Naira closing rate during the…
BLord Group denies arrest of CEO by police
BLord Group has refuted reports of its CEO, Linus Williams Ifejika’s arrest by Nigerian police on charges of cybercrime and terrorism. In…
Nokia reports 32% drop in profits
Nokia has reported a 32% decline in second-quarter operating profit, attributing it to sluggish demand for 5G telecom equipment. The Finnish telecommunications…
CBN persists higher interest rates if inflation persist – Cardoso
The Governor of the Central Bank of Nigeria Yemi Cardoso, has stated that sustained inflation could lengthen the duration of monetary tightening…
Piggyvest, Flutterwave, others make CNBC top 250 fintech companies
Nigerian startups have made a mark on the global fintech landscape, with seven companies—Flutterwave, Piggyvest, Kuda, MTN, Bank Zero, Palmpay, and Yoco—earning…
Solid minerals stakeholders demands 10% benefit for host communities
Solid minerals industry stakeholders have demanded that 10% of benefits be paid to host communities as part of efforts to create an…
Illegal cash outflows cost Nigeria, Africa $50bn annually – Shippers’ Council
The Nigerian Shippers’ Council has said that illicit cash outflows cost Nigeria and other African countries $50 billion annually. This was revealed…
FG considers N10 sugar tax suspension
The federal government is currently considering a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) to stabilise the economy.…
Tinubu appoints Walson-Jack as head of service
President Bola Tinubu has appointed Mrs. Didi Esther Walson-Jack, OON, as Head of the Civil Service of the Federation, effective, August 14,…