The Chairman of the BUA Group, Abdul-Samad Rabiu has said that the company would maintain its promise of selling cement at the price of N3,500 per bag from January 2024. Rabiu said this while speaking with State House Correspondents after a visit to President Bola Tinubu on Thursday in Lagos. He said the company would […]
Read MoreThe New York Times sued ChatGPT-maker OpenAI and Microsoft in a US court on Wednesday, alleging that the companies’ powerful AI models used millions of articles for training without permission. Through their AI chatbots, the companies “seek to free-ride on The Times’s massive investment in its journalism by using it to build substitutive products without […]
Read MoreThe Central Bank of Nigeria (CBN) has assured depositors of the safety of their funds in Nigerian banks, reiterating the health of deposit money banks in the country. The apex bank, in a statement on Wednesday signed by its acting Director of Corporate Communications, Hakama Sidi-Ali, dismissed reports that the Federal Government will take over […]
Read MoreThe Home Finance Department of the Ministry of Finance, Budget and National Planning, Nigeria has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals were made under the State Fiscal Transparency, Accountability and Sustainability project, which was initiated […]
Read MoreThe AI industry has shown impressive resilience to the Venture Capital funding drop seen in most sectors this year. While other markets saw a significant downturn in fundraising, AI companies and startups have become the new shiny object for investors, raising much more fresh capital than last year. According to data presented by AltIndex.com, AI companies […]
Read MoreThe financial crisis in the electricity industry is hitting the Distribution Companies (DISCO) harder, as only a total of 504,729 meters were installed by electricity distribution companies between January and September 2023.The number of power consumers without meters across the country is now 7,117,167. Data obtained from the latest third quarter report of the Nigerian Electricity […]
Read MoreThe influencer advertising industry is set to have another fantastic year after growing its revenue by 17% to over $30bn in 2023. While some consumers have started losing trust in influencers, the 2024 market projections prove a different story. According to data presented by OnlyAccounts.io, with brands and companies pouring billions into this type of advertising, […]
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Nigeria has joined other nations to sign the Final Act of the World Radiocommunications Conference (WRC) 2023., which constitutes a record of the decisions taken at the conference. The Final Act, which comprises both the new and revised provisions of the Radio Regulations, an international treaty governing the use of the radio-frequency spectrum and satellite […]
Read MoreAhead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Cards, Ecobank Mobile app, USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank Omnilite, EcobankPay, Ecobank RapidTransfer, ATMs, and PoS terminals. Also available to customers […]
Read MoreThe Central Bank of Nigeria (CBN), is investigating collusion between the banks and Point-of-Sale operators over the lingering cash scarcity in the country. The Apex bank in a statement titled, ‘CBN cautions banks, PoS operators over availability of the naira …Provides digital feedback box to address complaints’. The Bank said, “The attention of the Central […]
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