businesspick

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 …