Nestlé to cut 16,000 jobs as new CEO eye sales growth
Nestlé announced plans to eliminate 16,000 positions, representing roughly 6 per cent of its workforce, as incoming CEO Philipp Navratil aims to…
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China blacklists Canadian firm for exposing Huawei chip secrets
China has placed the leading research company TechInsights on its Unreliable Entity list, effectively banning the Canadian teardown specialist, known for uncovering…
Nigeria emerges as key crude supplier to Senegal’s refinery
Nigeria has become a key crude supplier to Senegal’s 30,000-barrels-per-day Dakar Refinery, even as Senegal marked its debut as an oil-producing nation…
Nigeria’s oil output drops as NUPRC cites unscheduled maintenance
The Nigerian Upstream Petroleum Regulatory Commission has attributed the country’s dip in crude oil output to an unscheduled one-day maintenance shutdown at…
Airbnb unveils ‘Reserve Now, Pay Later’ option for US guests
Airbnb has introduced a new “Reserve Now, Pay Later” feature in the United States, enabling users to secure accommodation without an immediate…
AI chatbots not replacing Google just yet — Airbnb CEO
Following Airbnb’s strong second-quarter earnings report, CEO Brian Chesky shared insights into the company’s AI strategy, cautioning investors not to mistake AI…
Uber seeks funding for Robotaxi expansion operations
Uber Technologies Inc. is in discussions with private equity firms and banks to secure financing for the expansion of its robotaxi operations,…
OpenAI mulls $500bn valuation in employee share sale talks
OpenAI, the company behind ChatGPT, is in early-stage discussions for a potential stock sale that could value the artificial intelligence giant at…
Amazon adds OpenAI’s open-weight models to AI platforms
Amazon Web Services has announced the addition of OpenAI’s open-weight foundation models to its AI platforms, marking the first time the models…
Afreximbank signs $1.35b financing deal with Dangote Industries
The African Export-Import Bank has announced the signing of a $1.35 billion financing facility for Dangote Industries Limited. In a statement published…
Nigeria, Benin begin implementation of economic ties agreement
Nigeria and the Republic of Benin have begun implementing a new economic cooperation agreement designed to boost bilateral trade and promote regional…
FG lays 5,000km fibre cable across 28 states – Galaxy Blackbone
The Managing Director of Galaxy Backbone, Professor Ibrahim Adeyanju, has announced that the federal government has deployed over 5,000 kilometers of fibre…