Sterling Bank Limited, a leading financial institution in Nigeria, has clinched the prestigious title of the 2022 Overall Best Workplace in Nigeria, affirming its consecutive win in the large corporate category awards hosted by Great Place to Work (GPTW). This year marks Sterling Bank’s continuous triumph in claiming the overall best workplace award by GPTW Read More…
In Berlin, Nigerian and German firms have solidified their economic partnership by signing two significant agreements, announced a presidential spokesperson. The deals encompass a substantial $500 million renewable energy pact and a gas export arrangement, marking a pivotal step in bolstering ties between the nations. Union Bank of Nigeria and Germany’s DWS Group sealed a Read More…
The House of Representatives has greenlit the medium-term expenditure framework for 2024-2026, a critical set of assumptions shaping the country’s upcoming budgets. The outlined projections, ratified by President Bola Tinubu’s cabinet before reaching the National Assembly, anticipate the naira to hover around 700 Naira per dollar in 2024, gradually strengthening in the subsequent years. The Read More…
Amidst high-stakes discussions about the future of OpenAI, the company has announced the return of Sam Altman as CEO, just days after his abrupt removal, marking a significant turnaround for the AI powerhouse. The reinstatement of Altman follows intense negotiations, leading to an agreement that also involves a major overhaul of the board of directors, Read More…
In a groundbreaking development, the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, unveiled plans for the potential re-establishment of a national shipping line through a strategic public-private partnership (PPP) arrangement. Speaking at the inaugural stakeholders roundtable focused on Advancing Sustainable Development in Nigeria’s Marine and Blue Economy, held in Lagos, Oyetola expressed the Read More…
The National Bureau of Statistics (NBS) has released its comprehensive reports on fuel prices, revealing an alarming surge in October 2023 compared to previous years. The average retail price of petrol experienced a substantial upswing from N195.29 in October 2022 to a staggering N630.63 in the same month of 2023, marking a significant 222.92 per Read More…
In a significant move, Sun Africa LLC, an international organisation, has pledged extensive support to bolster President Bola Tinubu’s administration by injecting $2.2 billion into critical power infrastructure development for Nigeria. The Minister of Power, Mr.Adebayo Adelabu, in a statement released in Abuja on Sunday by Mr. Bolaji Tunji, his Special Adviser for Strategic Communication Read More…
In a landmark development, the African Development Bank (AfDB) Group unveiled its inaugural report titled “Benchmark Macroeconomic Models for Effective Policy Management in Africa.” Prof. Kevin Urama, the Chief Economist and Vice-President of Economic Governance and Knowledge Management at AfDB, introduced the report during the African Economic Conference (AEC) held in Addis Ababa, Ethiopia. According Read More…
Sam Altman, ousted CEO of OpenAI, is steering towards a new artificial intelligence (AI) venture following his dismissal, sources familiar with the plan disclosed on Saturday. The departure of Altman has sent ripples across the tech industry, leaving numerous questions about the future of the company. Former OpenAI president Greg Brockman, who exited the company Read More…
Nigeria’s Lagos State took a pioneering stride in the 805-year-old Lord Mayor’s Show, marking a significant gateway for the Coronation Group to bolster bilateral relationships, especially with the United Kingdom. Aigbovbioise Aig-Imoukhuede, the Managing Director of Coronation Asset Management Ltd., highlighted the pivotal role of Lagos State’s participation in propelling Nigeria towards enhanced global collaborations. Read More…
