A group led by Elon Musk has made a $97.4 billion offer to take control of OpenAI, just months after he sued the artificial intelligence company. Musk co-founded OpenAI in 2015 but left in 2018. He has been critical of its move toward a for-profit model, arguing that the company has strayed from its original …
SERAP Sues President Tinubu Over Alleged N167bn Contract Fraud in Government Agencies
The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against President Bola Tinubu for allegedly failing to prosecute contractors who received over N167 billion from 31 ministries, departments, and agencies (MDAs) for unexecuted projects. The lawsuit, filed last Friday at the Federal High Court in Lagos (Suit No. FHC/L/MISC/121/2025), also names the Attorney …
Elon Musk says he is not interested in buying TikTok
Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner ByteDance According to Reuters report. “I have not put in a bid for TikTok,” Musk said a week after U.S. President Donald …
CBN restricts BDCs to $25,000 Fx weekly and one dealer bank
The Central Bank of Nigeria (CBN) released new guidelines which permits Bureau de Change (BDC) operators to purchase up to $25,000 weekly from Authorised Dealer Banks (ADBs) to meet retail market demand. In a circular released yesterday, February 5, signed by Dr. W. J. Kanya, the Acting Director of the Trade & Exchange Department at …
Bill Gates confirms new relationship after Melinda Gates divorce
Microsoft co-founder Bill Gates has opened up about his relationship with his girlfriend, Paula Hurd, for the first time ever. In an interview on the Today show, Gates, 69, expressed his happiness, saying, “I’m lucky to have a serious girlfriend named Paula. We’re having fun, going to the Olympics, and lots of great things. Paula …
Elon Musk shuts down USAID, locks out 600 staffers overnight
Tech billionaire, Elon Musk and US President Donald Trump have shut down the U.S. Agency for International Development tasked with humanitarian relief overseas after they agreed the organization was ‘beyond repair’. Musk, the head of Trump’s government efficiency initiative, reviewed the government agency with Trump’s go-ahead and decided to shut down the U.S. Agency for …
PETROAN Announces Resumption of Petroleum Product Loading at Port Harcourt and Warri Refineries
The Petroleum Products Retail Outlet Owners Association (PETROAN) has confirmed that its members have resumed loading dual-purpose kerosene, automotive gas oil, and premium motor spirits at the Port Harcourt and Warri refineries. This comes after reports of shutdowns at both refineries in December 2024, with Port Harcourt undergoing rehabilitation and Warri restarting operations in late …
High Bank Charges and Other Factors Hinder Businesses in December — CBN
High Bank Charges, Poor Infrastructure Among Top Business Constraints in December — CBN A survey by the Central Bank of Nigeria (CBN) has identified high bank charges, poor infrastructure, an unfavorable economic climate, insecurity, and limited access to credit as the major challenges businesses faced in December 2024. However, the report, titled “Business Expectation Survey …
Chinese Consulate Speaks On Partnering With Nigeria To Build A High-Level China-Nigeria Community
China’s Consul-General in Lagos, Yan Yuqing says her country’s gross domestic product grew by 5 per cent in 2024, driving both qualitative economic development and reasonable quantitative growth. Ms Yuqing made this known at the 2025 Chinese New Year reception and “One World One Spring Huaxing Shines” Spring Festival gala on Saturday night in Lagos. …
Afriwok to connect skilled professionals with Nigerians
Afriwok, an innovative service marketplace, is set to launch in February 2025, with a mission to transform the way people connect with and hire service providers across Nigeria. The platform is designed to address the challenges of sourcing reliable professionals, positioning itself as the go-to solution for connecting users with trusted local service providers. In …