Shell Explores $6 Billion Investment In Nigeria’s Offshore, Gas Sectors
Shell an oil giant is considering a $6 billion investment in Nigeria, with a focus on offshore, gas, and liquefied natural gas (LNG) projects, according to a statement from the country’s presidency on Friday. Nigeria, a leading economy and major oil producer in Africa, aims to attract increased foreign investment following the election of President […]
COP28: UAE Planned To Use Climate Talks To Make Oil Deals
The United Arab Emirates planned to use its role as the host of UN climate talks as an opportunity to strike oil and gas deals, the BBC has learned. Leaked briefing documents reveal plans to discuss fossil fuel deals with 15 nations. The UN body responsible for the COP28 summit told the BBC hosts were […]
France Aims To Enhance Trade Ties With Nigeria through Agricultural Exports
Olivier Becht, the French Minister for Foreign Trade and Economic Attractiveness, has expressed the French Government’s interest in strengthening trade relations with Nigeria, particularly in the field of agricultural exports. Speaking on Friday during the launch of the Food for Nations digital trade platform by JR Farms, Becht highlighted the platform’s role in facilitating access […]
Binance Chief Changpeng Zhao Pleads Guilty To Money Laundering Charges
The Binance chief executive, Changpeng Zhao, has resigned after pleading guilty to money laundering violations. “I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself”, he said in a post on X. The Justice Department said it was requiring Binance, the largest crypto-exchange in the world, […]
Sacked OpenAI boss Sam Altman To Join Microsoft
Sam Altman is joining Microsoft, the tech-giant has announced, ending speculation he might return to OpenAI just 48 hours after his chaotic ousting. Microsoft chief executive Satya Nadella wrote on X, formerly Twitter, that Mr Altman would be joining Microsoft to lead “a new advanced AI research team”. Meanwhile, ex-Twitch CEO Emmett Shear will become OpenAI’s new […]
AI Boss Sam Altman Ousted After Board Loses Confidence
Sam Altman has been ousted as the head of artificial intelligence firm OpenAI by the company’s board, which said it had lost confidence in his ability to lead the company. The board said Mr Altman had not been “consistently candid with his communications”, hindering its ability to exercise its responsibilities. The 38-year-old helped launch OpenAI, […]
Starbucks Faces Walkout At Hundreds Of US Stores
The union representing thousands of Starbucks workers in the US is staging a walkout on one of the coffee chain’s busiest days of the year. The action comes amid a bitter fight between Starbucks and Starbucks Workers United, which started organising workers at the company in 2021. The two sides are fighting over pay, scheduling […]
MTN Nigeria Aims For Strategic Acquisition Of 9mobile Spectrum
MTN Nigeria, a prominent player in the telecommunications sector, is reportedly considering the strategic acquisition of spectrum from 9mobile, another key participant in the Nigerian telecom industry. If successful, this move has the potential to bring about significant changes to the mobile telecommunications landscape in Nigeria. The targeted spectrum holds substantial value in the telecom […]
MTN Nigeria Sends Nationwide Message To Users Over Debts Cancellation
MTN Nigeria has issued a nationwide message addressing reports of apparent cancellation of debts, from subscribers’ accounts during the early hours of Saturday, November 11. This development has sparked nationwide celebration among subscribers who owed the network. A social media user @iam_mikewellam said on X, “Mtn just cleared my 6.5k debt omo check your mtn […]
Northern Elders Forum Concerned Over Dangote, Rabiu Rift
The cold war between prominent Northern businessmen Rabiu of BUA Company and Alhaji Aliko Dangote has raised concern among the Northern Elders Forum (NEF). NEF also expressed worries over the rift between the former Governor of Zamfara State, Bello Matawalle and his successor, Governor Dauda Lawal of Zamfara State, and called on the politicians to […]
