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Lagos Govt builds 3,000 homes in 5 years, target 7,000 amid population surge

The Lagos State government said it has provided over 3,000 housing units in the state in the last four to five years, with efforts underway to reach 7,000. The post Lagos Govt builds 3,000 homes in 5...

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OpenAI unveils ‘Sora’ its AI model that generates video from text

The company behind ChatGPT, OpenAI, has taken its AI game a notch higher by unveiling ‘Sora’ a generative AI that can take a short text description and turn it into a vividly realistic AI video clip....

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Senegal’s Supreme Court rules Postponement of presidential election illegal

The Supreme Court of Senegal  has ruled that the bid to postponed the presidential election put forward by President is both illegal and unconstitutional. The post Senegal’s Supreme Court rules...

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UK universities urged to reduce rent by 30% to alleviate student housing crises

A proposal was recently passed to convince UK universities to build lower-cost accommodation to solve the student housing crises. The post UK universities urged to reduce rent by 30% to alleviate...

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Nigerian cleantech startup, Arnergy raises $3 million for expansion

Cleantech startup, Arnergy has raised $3 million in funding targeted at expanding its clean energy services in Nigeria. The post Nigerian cleantech startup, Arnergy raises $3 million for expansion...

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NAFDAC alerts public to falsified Paracetamol injection in Nigeria

The National Agency for Food and Drugs Administration and Control (NAFDAC) has issued a public alert regarding the sale of a falsified Paracetamol Injection, which was mislabelled as "Paracetamol...

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E.U to invest €37 million in solar and hydro power projects in Nigeria 

The European Union (EU) has announced its intent to invest €37 million in solar and hydro power systems aimed at enhancing healthcare centres and rural regions throughout the country.  The post E.U to...

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President Tinubu approves immediate health infrastructure upgrade across Nigeria

President Bola Tinubu has approved an immediate upgrade of key health infrastructure and equipment spanning all six geo-political zones, aligning with his administration's commitment to revamp the...

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Why Nigerian MVNOs may not make money from voice, data – Experts

Experts in the telecommunications industry have advised licensed Mobile Virtual Network Operators (MVNOs) not to rely on voice and data as their main sources of revenue as they might not become...

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CBN forex policies failing to work as exchange rate approaches N1,700/$1

The exchange rate between the naira and the dollar has depreciated to an all-time low, reaching N1,537.96/$1 at the official market. The post CBN forex policies failing to work as exchange rate...

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Task force exposes 14 illegal oil refining sites in Rivers 

The Joint Task Force, Operation Delta Safe, led by Rear Adm. John Okeke, has exposed 14 illegal crude oil refining sites in Rivers State.  The post Task force exposes 14 illegal oil refining sites in...

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U.S. FDA recalls Philips medical imaging machine, classifies it as most...

The U.S. FDA has recalled the Philips' BrightView Imaging Systems, used for single-photon emission computed tomography (SPECT) scans.   The post U.S. FDA recalls Philips medical imaging machine,...

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FG summons Dangote, BUA, Lafarge, others over rising cement prices

The Federal Government says that it has called for an urgent meeting with cement manufacturers over the escalating cost of the product in recent times. The post FG summons Dangote, BUA, Lafarge, others...

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Lagos to penalize house owners guilty of charging exorbitant rent

The Lagos State Government has warned that it would start penalizing house owners found guilty of renting out their apartments at exorbitant fees. The post Lagos to penalize house owners guilty of...

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IMF calls for increase in deposit insurance coverage in Nigeria over...

IMF has called for Nigeria to methodically raise the deposit insurance levels managed by the Nigeria Deposit Insurance Corporation (NDIC).  The post IMF calls for increase in deposit insurance coverage...

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‘Invest in technology and data to optimize operations’-Expert urges FMCGs  

Tobi Adeniyi, Customer Supply Chain Director at Unilever Nigeria Plc, underscores the imperative for FMCG operators. The post ‘Invest in technology and data to optimize operations’-Expert urges FMCGs...

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‘Price elasticity, consumer behavior shows consumers who will stop taking...

Ogaga Ologe addressed the ongoing realities shaping the Fast-Moving Consumer Goods sector as a result of the challenges in the economy.   The post ‘Price elasticity, consumer behavior shows consumers...

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‘The evolving landscape of consumer preferences, innovation in the retail...

The Finance Director at Cadbury Nigeria Plc, Ogaga Ologe indicated that consumer preferences and innovation are affecting the Fast-Moving Consumer Goods (FMCG) sector.    The post ‘The evolving...

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Inflation: Investing in consumer insight is crucial for FMCG survival- Expert 

Tobi Adeniyi has urged companies and operators to prioritize investments in consumer insights as a strategic imperative for their survival.  The post Inflation: Investing in consumer insight is crucial...

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OpenAI hits $80 billion valuation in major venture firm deal 

OpenAI, the artificial intelligence giant, has recently solidified an impressive deal with venture capital firm Thrive Capital, propelling its valuation to an astonishing $80 billion or potentially...

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