Business & Economy

Entrepreneur Elon Musk has announced the merger of his artificial intelligence startup, xAI, with his social media platform, X, in an all-stock transaction valued at $33 billion. This merger brings...

The Foreign Agricultural Service of the U.S. Mission, in partnership with the California Wine Institute, hosted a trade promotion event in Lagos, connecting 18 California wineries with the Nigerian business...

The Nigerian National Petroleum Corporation Limited (NNPCL) has begun evaluating potential partners ahead of its Initial Public Offering (IPO) on the Nigerian Stock Exchange, which is in line with the...

Justice James Omotosho of the Federal High Court in Abuja has scheduled May 8 for judgment in the case between MultiChoice Nigeria Limited and the Federal Competition and Consumer Protection Commission (FCCPC). This decision follows arguments presented by legal...

The World Bank has recommended that Nigeria allocate $10 million to $15 million annually to upgrade its national statistical system, aligning it with global standards seen in Brazil, South Africa, Mexico, and Colombia. According to...

With just a few taps on his phone, Dandam Nangor can monitor his greenhouse’s temperature, irrigation schedule, and soil pH, thanks to AI-powered agricultural technology. Backed by artificial intelligence, it’s...

Airtel Africa and MTN Group have reached an agreement to share mobile phone network infrastructure in Nigeria and Uganda. Both companies issued statements on Wednesday, saying that the agreement is...

The Manufacturers Association of Nigeria (MAN) has expressed optimism that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will catalyze the revival of Nigeria’s struggling textile industry...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has expressed optimism that Nigeria is making progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy...

Six vessels carrying about 1.7 million barrels of jet fuel from the Dangote refinery have arrived at U.S. ports this month, according to data from ship-tracking service Kpler. An additional shipment, Hafnia...