Peter Obi, a 2027 presidential hopeful, has disclosed the possibilities of him dumping the ADC ahead of the next cycle of general election and gave a reason.
Nigeria's naira gains 0.92% at the official market amid increased dollar liquidity, yet global oil price decline raises uncertainties for FX inflows.
Intel on Wednesday announced tech industry veteran Lip-Bu Tan as its new chief executive, boosting shares of the US computer chipmaker struggling to catch up in the AI race. Intel's niche has been in chips used in traditional computing processes being eclipsed by the AI rage.
Since ChatGPT burst onto the scene in late 2022, generative artificial intelligence (GenAI) models have been vying for the lead - with the US and China hotbeds for the technology. The Tesla tycoon bought Twitter in late 2022.
China-based DeepSeek shook up the world of generative artificial intelligence (GenAI) early this year with a low-cost but high-performance model that challenges the hegemony of OpenAI and other big-spending behemoths. But then DeepSeek upended the sector with its R1 model, which it said cost just $6 million or so, powered by less-advanced chips.
Mobile games giant Scopely will pay $3.5 billion to acquire Niantic's game unit including the studio behind Pokemon Go, the companies announced on Tuesday. Scopely said the deal, valued at $3.5 billion, will bring it Niantic's entire team of game makers. gc/dw
Several areas of Lagos state have been thrown into darkness for days. Transmission Company of Nigeria (TCN) explained the reason, and gave the date power will return
The Minister of Budget and Economic Planning, Atiku Bagudu, said that Nigeria has attracted four lithium plants nationwide to boost the solid minerals sector.
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government. The Democratic Alliance party that is a pillar of South Africa's young government of national unity immediately announced it would not support the budget.
While the naira-for-crude renegotiations are still ongoing, Dangote Refinery is not slacking and has moved ahead to source from international suppliers.
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