Author: Marketforces Africa

Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” the software conglomerate’s chief Satya Nadella said Monday, capping three days of intense discussions following the unexpected decision by OpenAI’s board to dismiss Altman.

We express our deepest condolences to the people of Libya for the tragic loss of life and widespread devastation caused by flooding in September.

Many of the world’s monetary authorities are seeking more guidance on how best to pursue digital forms of central bank money

The out-of-court settlement meeting on the execution of N2.5 billion judgment debt between Ahmadu Bello University (ABU), Zaria, and its 110 disengaged staff has ended in a deadlock.

The Minister of Finance, Mr Wale Edun says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an average of N650 million monthly to over N1 trillion in the last four months.

Moscow urged Britain to stop its involvement in the Ukraine crisis, local media reported on Monday.

Negative price movement in banking names has dragged the equities market capitalisation of the Nigerian Exchange (NGX) downward during the intraday trading session, Alpha Morgan Capital said in an update.

Equities investors queue for Oando Energy Plc shares following the company secured a $800 million deal to fund its acquisition of Nigerian Agip Oil Company (NAOC) from the African Export-Import Bank.

The Petroleum Tanker Drivers (PTD) have threatened to exit its umbrella body, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), if its President Williams Akporeha and General Secretary, Afolabi Olawale, do not resign.

The Nigerian Ports Authority (NPA) has issued a stern warning against the illegal stripping of containers along the port access road.