OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The deal has not yet closed, the report added. Windsurf, formerly known as Codeium, had…
MTN Nigeria Communications Plc has declared a profit after tax of N133.7 billion for the first quarter (Q1) ended March 31, 2025, from a loss of N392.7 billion recorded in the first quarter of 2024. From the profit and loss…
Warren Buffett, the world’s fifth-richest person with an estimated net worth of about $169 billion, has announced his retirement as CEO of Berkshire Hathaway at age 94. At the company’s annual meeting in Omaha, he revealed Greg Abel would take…
Oil gained more than $1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting. Although concerns about a market surplus persisted, the increase was fueled after a decision by OPEC+ to boost output sent prices down in the…
MTN Nigeria Communications Plc has declared a profit after tax of N133.7 billion for the first quarter (Q1) ended March 31, 2025, from a loss of N392.7 billion recorded in the first quarter of 2024. From the profit and loss…
The Economic and Financial Crimes Commission (EFCC) has confirmed the arrested of a popular rights activist and social media influencer, Martins Vincent Otse, also known as VeryDarkMan (VDM). The anti-graft agency, in a statement on its X handle on Tuesday,…
The Presidency has faulted the President of the African Development Bank, Akinwumi Adesina, over his comment that Nigerians were better off in 1960 than they are today. Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a…
Access Holdings has appointed Ibironke Adeyemi as an Independent Non-Executive Director, following the resignation of Oluseyi Kumapayi (FCA) as a Non-Executive Director. The company says her appointment, which was approved by the Central Bank of Nigeria (CBN), became effective on…
The federal government has stated that Africa loses an estimated $88.6 billion annually to illicit financial flows, with Nigeria accounting for approximately 20% of these losses. Estimation brings the amount lost by Nigeria to $17.72 billion. This was disclosed by…
Oil prices steadied on Thursday, a day after a steep decline triggered by signs that Saudi Arabia, the world’s biggest crude exporter, may raise output and data showing a contraction in the economy of the U.S., the world’s biggest oil…
The naira has maintained relative stability in the foreign exchange (FX) market as the Central Bank of Nigeria (CBN) dollar inflow fluctuates in the market. Nigeria’s gross external reserves declined by eight per cent year-to-date to $37.84 billion as of…
The Corporate Affairs Commission (CAC) has issued a six-week notice to unregistered businesses to register with the Commission. This was disclosed in a statement issued by the CAC on Tuesday, titled: “PUBLIC NOTICE: CARRYING ON BUSINESS IN NIGERIA UNDER AN…
BP missed forecasts on Tuesday with an underlying replacement cost profit of $1.38 billion for the first quarter, below the $1.53 billion expected by analysts in a company-provided poll. BP bought back $750 million in shares, at the low end…
The Rural Electrification Agency (REA) has signed grant agreements with nine renewable energy companies to provide electricity access to 17.5 million Nigerians. The initiative involves the firms Privida Power Limited, Baobab Plus, Salpha Energy, Asolar, NTA-StarTimes, A4&T Power Solutions, Sunking…
Seplat Energy Plc, on Monday, announced its audited results for the three months ended March 31, 2025, recording a revenue of N1.228 trillion for the period from N268.6 billion reported in the same quarter last year. Its gross profit soared…