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.…
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…
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…
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 (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…
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…
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…