Google set to bring ads in search AI Overviews
Google has announced plans to begin testing search and shopping ads within its AI-generated answers in the United States. This move comes shortly after the company’s rollout of the AI…
Business
Fresh Funding Boosts Elon Musk’s xAI Valuation to $24 Billion
Elon Musk’s AI startup xAI has successfully raised $6 billion in series B funding, propelling its post-money valuation to $24 billion as investors place substantial bets on emerging challengers to…
Europe Establishes Groundbreaking AI Legislation, Sets Global Standard
Europe’s groundbreaking regulations on artificial intelligence will take effect next month following the endorsement of a political agreement reached in December by EU countries, setting a potential global standard for…
NNPCL urges calm amidst supply concerns, assures availability of 1.5 billion litres of petrol
As the supply and distribution of Premium Motor Spirit (PMS), commonly known as petrol, continue to improve nationwide, the Nigerian National Petroleum Company (NNPC) Limited has urged the public to…
To prevent disconnection, Tinubu has instructed payment of Aso Rock’s electricity bill
President Bola Tinubu has taken action to settle the outstanding electricity bill for Aso Rock, Nigeria’s seat of power, to prevent disconnection by the Abuja Electricity Distribution Company (AEDC). A…
CBN bars foreign oil firms from repatriating 100% FX proceeds at once
The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil…
Dangote refinery begins production
The Dangote Refinery has started production. The largest single-train refinery in the world located in Nigeria’s commercial hub began operations in the early hours of Friday. This followed the delivery…
Toshiba delisted after 74 years, faces future with new owners
Toshiba (6502.T) was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan’s biggest brands and ushered…
After wild year, euro zone is top pick of world bond markets
For investors who braved their ‘bonds are back’ call in a turbulent year, euro zone debt was the big winner and a souring economy with tighter purse strings mean its…
CBN suspends charges on cash deposits above N500,000
The Central Bank of Nigeria (CBN) has suspended charges on cash deposits about N500,000 till April 30, 2024. The CBN made this known in a statement on Monday signed by…