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Dangote refinery drives $3.74bn crude import shift

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OpenAI unveils GPT-5 amid rising industry investment

OpenAI acquires Astral in move to boost developer tools

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Dangote refinery drives $3.74bn crude import shift

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Tag: Nigeria

Students sign up for Cousera AI courses every minute - CEO
Tech

Students sign up for Cousera AI courses every minute – CEO

For its artificial intelligence courses in 2023, the American edutech platform Coursera adds a new student per minute on average, according to CEO Jeff Maggioncalda’s statement on Thursday. “I’d say the real hotspot is generative AI because it affects so many people,” Jeff told Reuters at the World Economic Forum in Davos. With the help […]

Top 10 billionaires in the world 
featured

Top 10 billionaires in the world 

The Forbes Real – Time Billionaires list has revealed that Elon Musk is the world’s wealthiest person as of 18 January 2024, with a staggering net worth of over $227 billion. He is the CEO of a number of companies, including electric car manufacturer Tesla and space exploration company SpaceX and his recently purchased Twitter now known […]

Eterna Plc names Aliu Kamiyo Chief Financial Officer
Oil and Gas

Eterna Plc names Aliu Kamiyo Chief Financial Officer

The Board of Eterna Plc has announced the appointment of Mr. Aliu Kamiyo as the company’s Chief Financial Officer. According to the company’s announcement to the Nigerian Exchange Limited and the investing public, the appointment became effective on January 16, 2024. Kamiyo takes over from Mr. Abdukerimu Sule, who recently resigned from the company, according to […]

Eterna Plc to become official distributor of Dangote refinery  products
Business

Eterna Plc to become official distributor of Dangote refinery  products

Eterna Plc has signed an agreement with Dangote Petrochemical Refinery to become an official sales distributor for their products in Nigeria. According to a corporate report signed by Eterna Plc’s Company Secretary,  Mandella Golkus, the company has increased its trucking capacity through vehicle acquisition and a collaboration with a third-party transportation company. “Eterna Plc; a leading integrated […]

Meta’s director Sheryl Sandberg steps down
Tech

Meta’s director Sheryl Sandberg steps down

The former chief operating officer of Meta, Sheryl Sandberg, on Wednesday said on Facebook that she will be leaving her role as a director of the company in May when her term comes to an end. In the post, Sandberg stated, “Meta business is strong and well-positioned for the future, so this feels like the […]

Equity market loses N92bn as stocks tumbles
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Nigeria’s stock market crosses 90,000 mark

Nigeria’s stock market is now the greatest in the world, according to a strong close on Wednesday that helped it overcome Argentina, which it trailed last week. BusinessDay reported that the Nigerian Exchange Limited All Share Index climbed 2.38 per cent on Wednesday, reaching the 90,000 mark as bulls dominated trading. The market is up 20.45 per […]

Google to lay off more staff – CEO Sundar Pichai
Tech

Google to lay off more staff – CEO Sundar Pichai

The CEO of Google, Sundar Pichai has disclosed to employees in a memo that more layoffs are anticipated this year. This comes after the layoff of over 1,000 people across several departments last week and the slashing of 100 jobs at YouTube, Pichai’s message warned the firm will have to make “tough choices” to accomplish […]

Dangote Plc becomes most valuable company in Nigeria
Business

Dangote Plc becomes most valuable company in Nigeria

Dangote Cement Plc on Wednesday, surpassed Airtel Africa Plc to become the most valuable company on the Nigerian Exchange Limited, with a 9.98 percent increase in share price. In little than a week, the richest man in Africa rose from third place to the top with his main firm. On November 1, 2023, Airtel Africa […]

Oil and Gas

No plan to leave Nigeria – Shell

Shell Plc has dismissed reports that it may leave Nigeria after selling its onshore business in the Niger Delta. Recall that Shell said on Tuesday that it has “reached an agreement to sell its oil business in the Niger Delta, the Shell Petroleum Development Company of Nigeria Limited” to Renaissance Africa Energy. The announcement sparked a […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

Nigeria’s crude oil production hits 1.4mbd – OPEC

A report published by the Organization of Petroleum Exporting Countries, has revealed that Nigeria’s crude oil production will increase to 1.418 million barrels per day in December 2023. The PUNCH reported that Nigeria’s crude oil output grew by 100mb/d from 1.319mbpd in November, according to secondary sources cited by OPEC in its Monthly Oil Market Report for […]

Top ten oil producing countries in Africa
Oil and Gas

Top ten oil producing countries in Africa

It has been a turbulent year for Africa’s top oil producers, with global oil demand falling 11% in the first half of 2020 and OPEC+ eliminating 9.7 million barrels per day from the market in a historic agreement last April. African producers are now attempting to increase output to pre-COVID-19 levels as OPEC progressively reduces […]

Samsung sees US trade deal as boost amid Tesla chip order
Tech

Samsung embeds AI features in Galaxy S24 smartphones

The latest high-end smartphones from Samsung Electronics, which were launched on Wednesday, will have many AI features. The AI features which are from Google also include simultaneous translation of phone conversations into other languages, the company said. According to data source International Data Corporation, Apple overtook Samsung in 2023 smartphone shipments and opened a new […]

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