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I’m going to create ‘truthseeking’ AI – Elon Musk
Elon Musk is out to counter Microsoft and Google artificial intelligence efforts with “truth-seeking AI” that shuns political correctness, he said during an interview aired late Monday. The billionaire boss of Twitter…
External reserves slide further to $35bn
The country’s external reserves fell by $112.78m in two weeks to $35.42bn, figures obtained from the Central Bank of Nigeria have revealed. Figures obtained from the CBN’s data on the movement of external reserves…
FG raised N203bn selling 161 marginal oilfield licences — Buhari
…proud regime achieved ‘ease of doing business’ President Muhammadu Buhari on Monday, said the Federal Government had raised over N203bn selling Petroleum Prospecting Licenses to 161 firms in its last Marginal Fields bid…
Sega offers $770 million to buy Angry Birds maker, Rovio
Sega, a popular Japanese video games group, has offered $770 million to buy Finnish company Rovio, the maker of Angry Birds, the company said on Monday. In a statement made today, Alexandre Pelletier-Normand, the CEO…
Malami writes Buhari, admits Nigeria cannot win OPL 245 court cases
Abubakar Malami, attorney-general of the federation (AGF) and minister of justice, wants court cases related to OPL 245 terminated by the federal government because the prospects of a judicial victory are slim, TheCable can…
Process Automation Can Drive Competitive Advantage in Modern Business”, Interview with David…
Usually business is all about who can do it better and faster, in technology, there is no difference. The use of process automation in the tech business has become very significant as businesses are trying to stay afloat and on top, some…
Naira Redesign: Traders decry sudden disappearance of new N200, N500, N1,000 notes
Barely one month after the reintroduction of old N200, N500 and N1,000 notes, some residents of Anambra have decried the unavailability of the new notes in many banks in the state. Some of them told the News Agency of…
Workers transferred N663bn to other PFAs – PenCom
No fewer than 168,768 workers have changed their Pension Fund Administrators and moved N663.761bn Retirement Savings Accounts since the National Pension Commission opened the…
N7.6bn Loss Throws Ardova’s Reserve Into Deficit
Ardova Plc, the indigenous petroleum marketing company, suffered a net group loss of N7.6 billion in its 2022 operations, which has wiped off the company’s retained earnings of N6.6 billion at the end of the…
Dangote Sugar pays N18.22bn Dividends, to produce 170,000 Tonnes next season
At N1.50 kobo per share, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion in dividends to shareholders for…
Jim Ovia Tops Banks’ Chairmen, Earns Over N16bn In 2022
Zenith Bank’s chairman, Jim Ovia, earned a total of N16.224 billion from the dividends payout of the bank for the 2022 financial year.…
Ondo, Bayelsa, And Lagos States Recorded The Highest Rate Of Inflation In March 2023
This was according to the latest National Bureau of Statistics data on inflation across the country, which was released on Saturday. According to NBS, Nigeria’s headline inflation rate for March 2023 rose to 22.04…
UBA Group posts 47.5% growth in gross earnings, profit hits N61.4
Africa’s Global Bank, United Bank for Africa Plc, has released its unaudited results for the first quarter…
Keep your $800m subsidy palliative – Nigerians tell Buhari
As reactions continue to trail the Federal Government’s $800 million World Bank grant to be used as subsidy palliatives ahead of the proposed fuel…
Intrigues as Otedola takes strategic position in blue-chip assets
Efforts by billionaire businessman, Femi Otedola to increase his stake in bluechip companies heightened last week with his claimed acquisition of 5.52 per…
CBN approves George-Taylor as new CEO Heritage Bank
The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank. Mr Ozena Utulu, Group Head, Corporate Communications of the bank,…
Why new naira notes are scarce – CBN sources
Consumers, businesses groan over elusive notes •Advocate calls for higher value banknotes There seems to be no end in sight to the scarcity of the redesigned naira notes as officials of the Central Bank of Nigeria (CBN)…
Dangote’s Wealth Rises to $20.5 Billion as He Earns N248.4 Billion in One Day
Nigeria and Africa's richest man, Aliko Dangote, has seen his wealth balloon in the last 72 hours. The cement merchant is now worth…
Nigeria’s inflation rate rises to 22.04% — third consecutive increase in 2023
The consumer price index (CPI), which measures the rate of change in prices of goods and services, rose to 22.04 percent in March 2023, up from 21.91 percent in the previous month. The inflation rate data is contained…
Why we’re happy with IMF growth forecast for Nigeria – Emefiele
Against the backdrop of a flat rate forecast by the International Monetary Fund, IMF, for Nigeria’s economic growth rate in the 2023 and 2024, the Central Bank of Nigeria, CBN, seems to be impressed, and is set…
GTCO Plc Releases 2022 Full year Audited Result
…….Reports Profit Before Tax of ₦214.2billionand FY Dividend of ₦3.10 Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited…
Transcorp ‘Unaware’ Of Otedola’s 5.52% Stake As Shares Records 10% Growth
Transnational Corporation Plc has said it has not yet received formal notification that business mogul and billionaire, Femi Otedola, has acquired a 5.52 per cent stake in the publicly traded diversified…
Bank transfer glitches persist amid cash availability
Failed bank transfers experienced during the naira scarcity are yet to ease despite cash availability, according to the latest BusinessDay findings. The failure of bank transfers was expected to ease as the…
Battle For The Soul Of Arik Air
The March 31, 2023 judgment of the Federal High Court in Lagos which stopped the transfer of Arik Air assets by the Assets Management Corporation of Nigeria (AMCON) to another entity has further raised questions…