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Naira closes week stronger at N1,534.72/$ 

CBN’s new diaspora remittance rules to open market

  • 27th March 2026

Middle East conflict threatens Nigeria’s economy – Cardoso

  • 27th March 2026

FG launches major reform to revamp Nigeria’s cooperative

  • 27th March 2026

Tinubu expands CNG initiative to include electric vehicles

  • 27th March 2026

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Naira closes week stronger at N1,534.72/$ 

CBN’s new diaspora remittance rules to open market

Business

Middle East conflict threatens Nigeria’s economy – Cardoso

Business

NNPCL targets 600tn cubic feet gas reserves expansion

Oil and Gas
Elon Musk’s xAI secures $10bn in funding to expand AI

Dutch court orders Musk’s xAI to halt sexualised image

Tech

Tag: United States

US authors sue OpenAI, Meta for copyright infringement
News Tech

US authors sue OpenAI, Meta for copyright infringement

Authors Richard Kadrey, Christopher Golden, and comedian Sarah Silverman are suing OpenAI and Meta in a US district court on separate counts of copyright infringement. The lawsuits claim, among other things, that OpenAI’s ChatGPT and Meta’s LLaMA were trained on datasets containing their works that were obtained illegally. They claim these datasets were obtained from […]

News

KPMG to cut 5% of its US staff

In response to “economic headwinds, coupled with historically low attrition,” a KPMG representative announced on Monday that the Big Four accounting giant is firing 5% of its U.S. workforce. According to Reuters, at the end of its most recent fiscal year, which ended on September 30, the company had nearly 39,000 employees working there. The first […]

Russia-sponsored hackers attack Microsoft systems again - Company
News

US fines Microsoft $20m over child data privacy

Officials have stated that Microsoft would pay $20 million to resolve government claims that it unlawfully obtained personal data from children. who signed up on its Xbox video game console. The Punch reported that according to the Federal Trade Commission, between 2015 and 2020, Microsoft allegedly acquired and stored personal information from children under the age […]

US, EU forge alliance to address China's export control
News

US, EU forge alliance to address China’s export control

In a significant move to address mounting concerns about China’s non-market practices, Washington and the European Union are set to announce their commitment to joint action and coordinated export controls. The draft statement, providing a glimpse into the upcoming EU-U.S. Trade and Technology Council meeting, reveals a strategic alliance aimed at tackling economic coercion and […]

Minister of Economy, Trade and Industry of Japan
Business featured

G7 to finance climate action in developing countries 

Japan’s economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries reduce emissions, including financing decarbonisation in “hard-to-abate” industries. Reuters reported that the G7 ministers are meeting in Sapporo on Saturday and Sunday for climate and energy talks. Meanwhile, Nishimura emphasized that it is […]

US deficits projected $1trn higher over next decade
Business

Dollar drops as inflation falls behind projection

The value of the dollar fell sharply on Wednesday after data indicated that the increase in U.S. consumer prices in March was lower than projection. According to CNBC, this development may decrease the probability of the Federal Reserve continuing to raise interest rates. In March, the Consumer Price Index experienced a rise of only 0.1%, […]

Oil Theft: Nigeria loses $150m every two days
Business

US oil prices drop amidst banking crises

Prices of oil in the United States declined on Tuesday due to the persistent banking crisis causing the oil market’s confidence to remain low. Reuters reported that Brent crude futures for May, 2023 delivery fell 1% or 71 cents to $73.08 per barrel, while U.S. West Texas Intermediate crude futures dropped 1.1% or 74 cents […]

Silicon Valley Bank
Business

US agency to restart sale of defunct Silicon Valley Bank

The United States Federal Deposit Insurance Corp is preparing to restart the sale procedure of Silicon Valley Bank after the most recent auction was unsuccessful in attracting any buyers. Reuters reported that sources familiar with the matter have revealed that the regulator is exploring the possibility of dividing the bankrupt lender and is currently contemplating […]

Silicon Valley Bank
Business

First Citizens considers acquiring Silicon Valley Bank

First Citizens BancShares Inc is considering the acquisition of the Silicon Valley Bank that was closed down by the United State regulators on March 10, 2023, owing to several factors including high-interest rate and the inability of the bank to sustain investment causing a bank run. Bloomberg News on Saturday reported that the information was […]

US adds over 500,000 jobs despite global workforce reduction
Business

Weekly jobless claims in US drops below prediction

The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the country. The Labour department said on Thursday that, “Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 192,000 for the week ended March 11.” Meanwhile, Reuters’ survey of economists predicted […]

United States Flag attached to a building
Business

US business inventory declines first time in two years

U.S. business inventories declined  for the first time in close to two years in January, possibly setting the stage for inventory investment to slow first-quarter economic growth. This was disclosed by the Commerce Department on Wednesday. It said the drop was about 0.1% It was the first decrease and the worst reading since April 2021, […]

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