Real Time Financial News Website
South Korean President Yoon Suk Yeol cautioned against the dangers of fake news and disinformation fueled by artificial intelligence and digital technology, labeling them as threats to democracy. Speaking at…
South Korean President Yoon Suk Yeol cautioned against the dangers of fake news and disinformation fueled by artificial intelligence and digital technology, labeling them as threats to democracy. Speaking at…
China expressed its intent to strengthen communication with New Zealand and collaborate to uphold peace and stability in the region as the foreign ministers of both countries met on Monday.…
U.S. Secretary of State Antony Blinken emphasized the importance of leveraging technology to uphold democratic principles amidst efforts by authoritarian regimes to exploit technology to undermine democracy and human rights.…
The U.S. House of Representatives has overwhelmingly passed a bill targeting TikTok’s Chinese owner, ByteDance, giving them six months to divest the app’s U.S. assets or face a ban. The…
Foxconn, the world’s largest contract electronics maker, anticipates a significant revenue increase in 2024, buoyed by surging demand for AI servers. Despite a slow start to the year, Foxconn’s fourth-quarter…
Tabcorp Holdings announced the resignation of its CEO, Adam Rytenskild, after the board became aware of his use of “offensive” and “inappropriate” language in the workplace. The board found Rytenskild’s…
Oracle has implemented a targeted approach to leveraging AI in its business applications, identifying approximately 50 specific tasks where the AI system has been tailored to handle various functions. These…
The federal government has initiated vocational training programs for inmates across 241 custodial facilities throughout Nigeria. Abiola Arogundade, the Senior Special Adviser to the President on Technical, Vocational, and Entrepreneurship…
Josep Borrell, the European Union’s foreign affairs chief, addressed the United Nations Security Council, condemning Israel’s use of starvation as a tool of war in Gaza. He emphasized that the…
The Federal Government has provided clarity regarding the postponement of the launch of the student loan scheme. Sonny Echono, the Executive Secretary of the Tertiary Education Trust Fund (TETFund), emphasized…
Despite facing challenges of slow economic growth and high business costs, Nigeria has secured N23.8 billion in investments from food processors. One notable investment is the N20 billion tomato processing…
According to the Economist Intelligence Unit (EIU), Nigeria’s Monetary Policy Rate (MPR) is expected to drop to 12.5 percent by 2026 and remain steady thereafter, contingent on a decrease in…
Following the Central Bank of Nigeria’s (CBN) decision to increase the monetary policy rate (MPR) to 22.75 percent in February 2024, fintech companies operating in the digital savings space have…
Police in Zimbabwe have apprehended the suspected leader of a religious cult, Ishmael Chokurongerwa, along with seven senior members, in Mashonaland West province. The Gore Jena Penyeranyika sect leader was…
South Africa has terminated a deal to sell a majority stake in its national airline, South African Airways (SAA), to a private consortium. The government had sought to sell 51%…
Several countries, including members of the Paris Club such as the US, Japan, and Russia, have agreed to cancel more than $2 billion of debt owed by Somalia. This debt…
Authorities in Kampala, Uganda, have declared an outbreak of conjunctivitis, a highly contagious eye infection, spreading across the city and affecting schools. The Kampala Capital City Authority (KCCA) has issued…
Nigeria’s President Bola Tinubu has lifted all economic sanctions imposed on neighbouring Niger, ending an eight-month period of restrictions following a military coup in the country. The sanctions included border…
Victoire Ingabire, an outspoken critic of President Paul Kagame, faces political obstacles as she seeks to participate in Rwanda’s upcoming elections. Ingabire, who spent eight years in prison on charges…
The Nigerian House of Representatives has decided to call upon major cement manufacturers like Dangote Cement and BUA Cement to discuss the steep rise in cement prices. The resolution to…
Heirs Technology, a subsidiary of Heirs Holdings, has named Obong Idiong as its new Chief Executive Officer. Idiong previously served as Managing Director/CEO at Africa Prudential Plc, where he played…
The Nigerian Navy has announced the acquisition of two advanced offshore patrol vessels from Dearsan Shipyard in Turkey, aimed at enhancing maritime security. Vice Admiral Emmanuel Ogalla, Chief of Naval…
The Economist Intelligence Unit (EIU) has issued a report stating that indigenous oil companies acquiring assets from international oil companies might struggle to match their investing power. According to the…
The Central Bank of Nigeria (CBN) has handed over fertilizers worth N100 billion to the Federal Ministry of Agriculture and Food Security to enhance food production nationwide. During a ceremony…
Toyota Motor, along with other major Japanese companies like Panasonic, Nippon Steel, and Nissan, has agreed to grant its factory workers the largest pay increase in 25 years. This move…
Japanese Pay Agreements: Major Japanese companies have acquiesced to union pay demands in full, signaling potential for stronger wage momentum. This could prompt the Bank of Japan to consider a…
The Federal Government has announced the indefinite postponement of the launch of the Nigerian Students Loan Scheme. Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), revealed…
Bode Abifarin has announced her resignation from her role as Chief Operating Officer (COO) at Flutterwave, a leading fintech startup. In a LinkedIn post, Abifarin expressed her intention to pursue…
Airbnb has announced a significant policy change, banning the use of indoor security cameras in guest homes globally. The decision aims to prioritize privacy and address concerns raised by guests…