Savvy Shops for Mentors for Budding Entrepreneurs

On Wednesday, Google rolled out its Search Generative Experience (SGE) in the SSA region as an opt-in experiment in Search Labs. This AI-powered experience is available in English. With new breakthroughs in generative AI, Google is reimagining what a search engine can do and is bringing these powerful new capabilities to Search in a bold and responsible way. This powerful new technology can unlock entirely new types of questions that Search could not previously answer and transforms the way information is organized in Search to help people sort through and make sense of what’s out there. Improving Search with generative

By Dipo Olowookere To make Artificial Intelligence (AI) more helpful and help developers and enterprise customers scale their operations, a renowned tech firm, Google, has introduced Gemini. In a note from the chief executive of the firm, Mr Sundar Pichai, it was disclosed that “Gemini is also our most flexible model yet, able to run on everything from data centres to mobile devices efficiently.” “Its state-of-the-art capabilities will significantly enhance the way developers and enterprise customers build and scale with AI,” the note seen by Business Post added. Google said the new AI model platform comes in Gemini Ultra, Gemini

By Adedapo Adesanya Stakeholders in the tech industry have advocated more investments in resources to boost the training of Nigerian youths in digital technology skills. This call was made by some top speakers and panellists at Tekifest’23, a coming together of tech minds focused on exploring the future of work, technology, innovation, and tech excellence, which took place on November 29 at The Zone, Gbagada in Lagos. Organised by Tekisite, the non-profit organization dedicated to training teenagers in digital technology skills in suburban communities, the event themed The Future Of Jobs: Talent Pipeline Investment hammered the need to take advantage

By Dipo Olowookere The Naira on Thursday remained indifferent to the sale of over $250 million to licensed Bureau De Change (BDC) operators nationwide as it suffered another loss against the dollar. The News Agency of Nigeria (NAN) reports that the Naira inched against the dollar at the early hours of Thursday morning by 2 points but could not sustain the gain as it shed 3 points to close at N498 to a dollar at the open market. The Pound Sterling and the Euro traded at N596 and N520, respectively, at the open market. At the BDC window, the Naira

By Modupe Gbadeyanka The membership of Bretton Woods Committee (BWC) has been expanded with the addition of the chief executive officer of First Bank of Nigeria Limited, Dr Adesola Adeduntan. Also, First Bank has joined the Bretton Woods Committee as an organisational supporter in line with the commitment to demonstrate cooperation and foster global well-being. The membership, which is by invitation only, is in recognition of the banker’s sterling leadership qualities including efforts in ensuring that First Bank remains at the forefront in promoting financial inclusion in Africa. According to Bretton Woods, “committee members are leaders at the top of

By Adedapo Adesanya The President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has been exonerated of all charges by an independent review panel. The three-person panel led by Mrs Mary Robinson, former president of the Republic of Ireland, found the embattled Mr Adesina not guilty of all charges levelled against him for the second time. On May 5, the Ethics Committee of the Board of Directors of the bank declared Mr Adesina innocent of corruption allegations raised by some whistleblowers within the bank. The committee, headed by Mr Takuji Yano, the institution’s Japan Executive Director, described the 16-count

By Aduragbemi Omiyale Those who applied to be given licence to operate in the country as a Bureaux De Change (BDC) operator but now have their applications cancelled can now come forward to reclaim their capital deposits and licencing fees. The Central Bank of Nigeria (CBN), in a circular issued on Wednesday, disclosed that promoters of these BDCs should write a letter requesting to receive the refund. On Tuesday, the CBN Governor, Mr Godwin Emefiele, had announced that the apex bank would no longer issue new licences to BDC operators, noting that those who have already applied would be rejected.

By Modupe Gbadeyanka Shares of Skye Bank Plc fell to a record low, hitting the floor price set by the Nigerian Stock Exchange (NSE), as investors fretted about the lender’s future in the face of rising bad debts and a shrinking economy. The stock slid 3.9 percent to 50 kobo as of 1:16 pm in Lagos, Nigeria’s commercial capital on Friday. That extended declines this year to 68 percent, the worst performer in the 171-member NSE All Share Index after Forte Oil Plc. Skye Bank, which had its management replaced by the central bank in July, is planning to sell

By Adedapo Adesanya The Senate has called for the need to install computerized oil facilities management gadgets for crude oil businesses in Nigeria, noting that this would enhance productivity. This call was made while deliberating on the motion raised by Senator George Sekibo (PDP, Rivers East) at the plenary session on Thursday, November 28, 2019 in the nation’s capital, Abuja. Senator Betty Apiafi (PDP, Rivers West), who seconded the motion, argued that, “Some communities in Niger Delta still complain of military damage of barges which in turn damage the environment. Software maintenance should be deployed in managing petroleum products.” “This

By Dipo Olowookere One of the airline operators in Nigeria, Med-View Airline Plc, has released its financial statements for the year ended December 31, 2018. As expected, the figures were disappointing, indicating that the company might really be going through a tough time at the moment. Both the topline and the bottomline were in red and urgent steps must be taken by the management to keep the firm afloat or else, things might get out of hand. A brief analysis of the results by Business Post showed that the revenue generated by the company in the year dropped by 74

By Modupe Gbadeyanka The first day of this trading week started on a positive note at the Nigerian Stock Exchange (NSE) as equities appreciated by 0.51 percent on Monday. This reduced the year-to-date loss to 15.74 percent. Though the volume and value of transactions recorded yesterday reduced, some investors used the opportunity of the present low valuation of stocks at the market to accumulate shares they believe will yield good returns in the short term. Oando recorded heavy activities yesterday resulting in its emergence as the most traded stock with a turnover of 30.3 million units sold for N154.2 million.