Business

Nigeria’s inflation has surged to a new high, reaching 34.19% in June 2024, according to the latest data from the National Bureau of Statistics (NBS). This marks an increase of …

On Monday, the Central Bank of Nigeria (CBN) sought to uplift spirits, assuring Nigerians that despite current economic challenges, the nation’s economy is on a path towards strength. CBN Governor …

The Federal Ministry of Power and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) worth ₦115 billion aimed at bolstering Nigeria’s commitment to …

The Corporate Affairs Commission (CAC) has announced its intention to cancel the certificates of incorporation of Bureaux De Change (BDCs) whose licenses were revoked by the Central Bank of Nigeria …

Billionaire Alexey Mordashov has proposed the creation of a Russian consortium aimed at investing billions of dollars in developing an alternative to the widely-used business software provided by Germany’s SAP. …

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 …

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’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 …

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 …

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 …