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Qatar loads first LNG cargo after force majeure

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Ex-AGF seeks FG’s apology after OPL 245 resolution

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Anthropic counters OpenAI with $1 AI offer to government branches

Anthropic detects 22 Firefox vulnerabilities in AI security review

Tech
Emirates airline to enable crypto payments for flights

Emirates suspends flights again after fresh interceptions disrupt operations

Aviation

Anthropic’s Claude remains available to AWS customers – Amazon

Aviation

CBN confirms 30 banks meet recapitalisation targets

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Tag: Nigeria

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Business

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023

Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9 billion, up 43.4% from N22.9 billion in Financial Year 2022. The Times reported that the corporation, situated in Edo State, reported a revenue of N75 billion in 2023, a 26.6% increase from N59.2 billion […]

DataPro gives FSDH Merchant Bank an "A" rating
Business

DataPro gives FSDH Merchant Bank an “A” rating

A credit rating agency in Nigeria, DataPro, has granted FSDH Merchant Bank Limited a long-term rating of “A” with a stable outlook for 2023/2024. The PUNCH reported that this was stated in a statement issued by the credit rating firm on Sunday and signed by Client Services Manager, Kehinde Rasheed. Before the grade was awarded, […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Business

Access Holdings subsidiary purchases ARM Pensions

Access Pensions Limited, an Access Holdings affiliate, has purchased a majority share in ARM Pensions Managers Ltd. The PUNCH reported that a majority shareholder in Access Pension, Access Golf, got the National Pension Commission’s ‘no-objection’ and the Federal Competition and Consumer Protection Commission’s permission, according to a statement issued by Access Holdings. It stated that, subject […]

X blocks search for Taylor Swift over deepfake pictures
Tech

X blocks search for Taylor Swift over deepfake pictures

In response to a recent surge in the dissemination of graphic AI-generated fakes featuring the globally renowned recording artist Taylor Swift, X has implemented measures to block searches for her on their platform, formerly known as Twitter. Attempts to search for terms like “Taylor Swift” or “Taylor Swift AI” on X may result in a […]

Landwey: Couple demands N22m compensation over alleged contract breach
News

Landwey: Couple demands N22m compensation over alleged contract breach

A Nigerian couple located in the United States is seeking N22 million in compensation from Landwey Investment Limited for a contract breach that resulted in a value degradation in the money paid for two properties on Ogombo Road in Lagos State. The PUNCH reported that the couple, Olubukola Akande and Oluyomibo Olaniyan, claimed to have paid […]

Musk to resign from Trump govt amid backlash, Tesla shares crash
Tech

Elon Musk loses World’s richest man title

Luxury goods maker, Bernard Arnault has surpassed Elon Musk to claim the title of the world’s wealthiest person, Forbes reports. The founder and CEO of LVMH, a global luxury goods company encompassing brands like Louis Vuitton, saw his family’s net worth soar to $207.8 billion, marking a $23.6 billion increase on Friday. In contrast, Tesla […]

UBA vows to draw capital to ECOWAS mining industry
News

Niger, Mali, Burkina Faso quit ECOWAS

Three West African nations, Niger, Mali, and Burkina Faso, have left the Economic Community of West African States after military intervention. The countries expressed their views in a coordinated press release shown on television and posted online on Sunday. “Faced with this continuing situation, Their Excellencies, Captain Ibrahim Traoré, Colonel Assimi Goïta and Brigadier General […]

Transportation

Nigeria Railways records 103% rise in Q3 2023 income

The Nigeria Railway Corporation generated around N1.895 billion in income from passenger and cargo transportation in the third quarter of 2023. The Times reported that this marks a 103.1% increase over the N933 million reported in the equivalent quarter of 2022. This is according to the most recent NBS Rail travel data for July, August, and […]

FCMB raises ₦147.5bn in oversubscribed public offer
Banking

FCMB increases earnings by 207% to N95bn

FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to The PUNCH, this was revealed in the unaudited annual report and financial accounts submitted to the Nigerian Exchange Limited on Friday. FCMB’s profit was enhanced by gains in interest and discount revenue of […]

Why fossil fuel phaseout is unavoidable - UN
Oil and Gas

Why fossil fuel phaseout is unavoidable – UN

The United Nations Secretary-General, António Guterres, stated that phasing out fossil fuels was not only necessary but also unavoidable. The PUNCH reported that he urged countries to take action and hasten the switch from fossil fuel to clean energy, with the largest emitters setting the example, during a speech on Friday in honour of the […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
featured

Subsidy removal to make space for development spending – IMF

The International Monetary Fund has stated that, while Nigeria and other low-income debtors are yet to request debt relief, high debt servicing costs continue to be a significant concern. The PUNCH reported that the multilateral lender stated that the good news was that no low-income country had made a major request for comprehensive debt relief since […]

Business featured

10 unbelievable things Nigeria imports

Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of a burgeoning population. This global phenomenon underscores the essential nature of importation in sustaining economies. Importation is the process of transporting goods and products across international borders, contributing to the exchange of resources […]

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