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Indorama, Nigerian Breweries, Genesis Energy to build Africa’s largest

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Microsoft launches AI Access Principles to encourage technological investment
Business

Microsoft overtakes Apple as world’s most valuable company

Microsoft, on Thursday, overtook Apple as the most valuable company in the world as the iPhone maker had its worst start in years due to growing demand concerns. According to Reuters, Microsoft shares surged 1.5 per cent, valuing the Redmond, Washington-based company at $2.888 trillion, as its early lead in the battle to profit from generative […]

Microsoft plans for collaboration with AI agents
News Tech

Microsoft to store data of EU users in cloud

Microsoft announced on Thursday that its cloud customers in the European Union will be allowed to process and store all personal data in the area. Prior to this, Microsoft has permitted certain data processing in the area. As a result of the recent change, it would now additionally contain information from automatically generated system logs […]

Google unveils next Gen tools for retailers
News Tech

Google unveils next Gen tools for retailers

Google Cloud on Thursday announced new generation AI tools with the goal of assisting businesses in streamlining their back-office processes and personalizing their online shopping experiences. With Google Cloud’s Conversational Commerce Solution, businesses can incorporate agents driven by artificial intelligence into their mobile applications and websites. The agents, according to Google, are powered by “sophisticated” […]

ABB acquires Swiss company to enhance robots
News Tech

ABB acquires Swiss company to enhance robots

ABB has acquired a company that enhances industrial robot mobility by enabling them to navigate across warehouses and factories using 3D vision and artificial intelligence. ABB’s newest robotics investment, the purchase of the Swiss start-up Sevensense, is in response to the growing market demand for industrial robots with autonomous movement and functionality. The Zurich-based company […]

US SEC approves ETFs to track Bitcoin
Crypto News

US SEC approves ETFs to track Bitcoin

The United States Securities Exchange Commission on Wednesday approved the first U.S.-listed exchange-traded funds to track Bitcoin. Notwithstanding warnings from several authorities and investor advocates over the products’ hazards, the Securities and Exchange Commission said it had accepted 11 applications, including those from BlackRock, Ark Investments/21Shares, Fidelity, Invesco, and VanEck. According to issuers, the majority […]

FBNQuest announce retirement of its MD, DMD
Business

FBNQuest announce retirement of its MD, DMD

The board of directors of FBN Holdings Plc has announced the departure of Kayode Akinkugbe as Managing Director and Taiwo Okeowo as Deputy Managing Director of its subsidiary, FBNQuest Merchant Bank Limited. The Times reported that the Group stated in a notice to the Nigerian Exchange Limited and the investing public that the retirement follows the successful […]

CBN clears $64.44m forex backlog for airlines
Business News

CBN appoints new CEOs, MD for Union, Keystone, others

Following the Wednesday dissolution of the former board members, the Central Bank of Nigeria has appointed new board members for Union Bank, Keystone Bank, and Polaris Banks. The Central Bank of Nigeria attributed the dissolution to corporate governance shortcomings and regulatory non-compliance. Additionally, the apex bank admitted to engaging in acts that put its financial […]

Kia, Uber partner to produce modular electric vehicles
Transportation

Kia, Uber partner to produce modular electric vehicles

Kia has reached a contract with Uber to develop its recently disclosed modular electric cars for ride-hailing at the Consumer Electronics Show in Las Vegas. Kia’s PBV, which stands for Platform Beyond Vehicle, was presented earlier this week at the event. According to the manufacturer, its PBV concept is based on a specific business system […]

EFFC Dangote raid crashes Nigeria dollar bond one week - Bloomberg
Business

EFFC Dangote raid crashes Nigeria dollar bond one week – Bloomberg

The Economic and Financial Crimes Commission raid last week on the offices of Aliko Dangote, Africa’s richest person whose empire dominates the Nigerian corporate world, has caused Nigeria’s dollar bonds to fall. According to Bloomberg, Nigeria’s dollar bonds maturing in 2025 have declined for seven consecutive days, the biggest losing sequence since September, indicating that […]

Google signs $3bn US hydropower deal amid AI energy race
News Tech

Google lays off engineering workers

Google on Wednesday announced the layoff of hundreds of workers from a variety of departments, including services and engineering. The divisions that are impacted include the Devices and Services PA team, which oversees Pixel, Nest, and Fitbit hardware, and the voice-activated Google Assistant, which is a part of the knowledge and information product team restructure. […]

Amazon Prime Video lays off workers
News Tech

Amazon Prime Video lays off workers

Days after Twitch laid off workers, Amazon is cutting back on Prime Video and MGM Studios, laying off “several hundreds” of workers, according to The Information. By the end of this week, Amazon will have notified most other locations and has started notifying the impacted workers in the United States. Packages comprising separation money, transitional […]

Uganda to destroy $7.3m worth of expired Covid vaccines
News

Uganda to destroy $7.3m worth of expired Covid vaccines

An audit report has revealed that Covid vaccinations worth 28.1 billion Ugandan shillings ($7.3 million; £5.8 million) are due to be withdrawn from health facilities and destroyed. According to the report, the Ugandan government obtained around 5.6 million doses of these COVID-19 vaccines through a World Bank loan. The report submitted to parliament on Tuesday by Uganda’s Auditor General, […]

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