The Extraordinary General Meeting called by FBN Holdings to seek shareholders’ approval to raise N300bn has been canceled. A notice on Friday filed with the Nigerian Exchange Limited said the special meeting has been cancelled with reasons not given. “The Extraordinary General Meeting of the members of FBN Holdings Pic (the “Company”), earlier scheduled to […]

An independent board is taking a look into the way Meta handled reports of deepfake pornography created by artificial intelligence on its platforms. Consisting of 40 members “from around the world that represent a diverse set of disciplines and backgrounds,” an “Oversight Board” was created by Meta to help it decide “what to take down, […]

More subscribers led to a nearly 15% increase in first-quarter revenue for the streaming service, but Wall Street viewed its full-year guidance as insufficient

The substantial increase in compensation occurred while Warner Bros. Discovery reduced expenses and carried out layoffs.

Nigeria’s economy, which was Africa’s largest in 2022, is projected to slip to fourth place this year following a series of currency devaluations, according to forecasts from the International Monetary Fund in their World Economic Outlook reported by Bloomberg. The country’s gross domestic product for this year is estimated at $253 billion at current prices, placing it behind North African powerhouses Algeria at $267 billion, Egypt at $348 billion, and South Africa at $373 billion.

The Federal Government has asked for more investments and trade partnerships from member countries of the Group of Twenty-Four. This request was made during the World Bank-IMF Spring Meetings in Washington DC by the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, who was represented by the Director General of the […]