The Federal Government has reopened the YEIDEP 2025 portal, offering Nigerian youths aged 18–35 grants of N50,000 to N500,000 with required documents.
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Asian markets tumble as tech bubble fears grow
Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. Asia took up the baton in the morning, with Seoul and Tokyo the hardest hit, having just hit record highs.
New lawsuit alleges Spotify allows streaming fraud
A new lawsuit alleges streaming giant Spotify turns a blind eye to vast networks of bots that inflate streaming figures to benefit megastars such as Drake at the expense of lesser-known artists. Inflated streaming figures for high-profile performers would therefore diminish the proportion of money available for other artists.
Tinubu writes Senate, requests approval to borrow N1.15trn from Nigerians, others, gives reasons
President Bola Tinubu has requested Senate approval to borrow N1.15 trillion domestically to bridge the 2025 budget deficit and fund key government projects.
Standard Chartered Meets CBN’s N200 billion minimum capital requirement as deadline nears
Standard Chartered Bank has revealed that it has raised the N200 billion capital requirement by the Central Bank of Nigeria (CBN) ahead of March 31 deadline.
Experts call for global panel to tackle 'inequality crisis'
Wealth inequality is a global emergency that threatens democracy and social cohesion, experts warned Tuesday, urging G20 leaders meeting in South Africa this month to establish a panel to tackle the crisis. The proposed panel on inequality was inspired by the UN's expert Intergovernmental Panel on Climate Change (IPCC), which analyses the risks of global warming and proposes solutions.
Nvidia, Deutsche Telekom unveil 1-bn-euro AI industrial hub
US tech giant Nvidia and Deutsche Telekom said Tuesday a one-billion-euro ($1.1 billion) industrial artificial intelligence hub will soon be launched in Germany, Europe's latest bid to catch up in the global AI race. Industry in Germany, Europe's biggest economy, is especially concerned about speeding up adoption of AI to ensure it can keep pace internationally.
Pfizer profits dip on lower Covid-19 related sales
Pfizer reported a drop in third-quarter profits Tuesday as lower sales of Covid-19 products more than offset gains in other medications. Lower sales in Covid-related products were partially compensated for by gains in other products.
Spain's Telefonica shares drop on dividend cut, net loss
Shares in Spanish telecoms giant Telefonica fell sharply on Tuesday after it posted a net loss for the first nine months of the year and announced it would cut its dividend by half in 2026. Telefonica said it would cut its dividend by half next year to 15 cents per share as part of a new five-year strategic plan as it seeks to reduce its debt.
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Naira, Eurobonds take major hit after Trump’s military threat to Nigeria
The Nigerian currency, the naira and Nigerian bonds have taken major hits after President Donald Trump threatened military action against Nigeria.
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