Connect with us

Business

Nigeria to Partner with Google on AI and digital innovation

Published

on

737 Views

President Bola Tinubu is currently in talks with Google to strengthen the country’s role in artificial intelligence (AI) and digital innovation.

Announcing the discussions on X after meeting Google and Alphabet CEO Sundar Pichai in Paris, Tinubu said the partnership would expand cloud infrastructure, upskill workers, foster AI research, boost cloud adoption, and position Nigeria as a global tech hub.

The President cited Nigeria’s AI progress, including work with Awarri Technologies and the National Centre for AI and Robotics (NCAIR) to develop AI tools and a Large Language Model (LLM) for Nigerian languages.

Tinubu said the talks with google aligns with his Renewed Hope Agenda, with the Communications Ministry and NITDA providing oversight and overseeing implementation.

Tinubu, who is currently in Paris on a private visit, will also attend the AU Summit in Addis Ababa before returning to Nigeria.

Business

Johnson & Johnson Willing To Pay $5.5bn To End Baby Powder Lawsuits Against The Company

The proposed settlement encompasses approximately 76,000 claims, including those consolidated in federal court in New Jersey and related cases in state courts, representing nearly all outstanding talc-related allegations against the company.

Published

on

By

27 Views

Johnson & Johnson has announced a provisional settlement of an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its talc-based products, including baby powder, caused ovarian cancer.

The proposed settlement encompasses approximately 76,000 claims, including those consolidated in federal court in New Jersey and related cases in state courts, representing nearly all outstanding talc-related allegations against the company.

J&J had previously settled the majority of cases asserting that its talc contained asbestos and led to mesothelioma

The landmark agreement could bring an end to a contentious legal battle that has plagued the pharmaceutical giant for a decade.

The Independent UK reported yesterday. Plaintiff law firms confirmed the deal, describing it as a positive resolution following the protracted court proceedings.

For the agreement to become final, it requires acceptance from 95 per cent of the ovarian cancer claimants across state or federal jurisdictions.

Erik Haas, J&J’s Vice President of Litigation, maintained that the claims were “meritless” but stated the company was willing to settle to achieve “closure.”

Continue Reading

Business

FG Availing ₦3.6bn to 200,000 Tailors Nationwide

Dr Afiz Ogun, Director-General of the ITF, announced the approval during the nationwide screening of applicants for the 2026 edition of the SUPA Programme in Abuja.

Published

on

By

35 Views

Image credit: Bella Naija

The Federal Government has launched a ₦3.6 billion funding to support about 200,000 tailors under the Industrial Training Fund’s (ITF) Skill Up Artisans (SUPA) Programme.

Dr Afiz Ogun, Director-General of the ITF, announced the approval during the nationwide screening of applicants for the 2026 edition of the SUPA Programme in Abuja.

He said that the screening is designed to ensure only genuine artisans benefit.

Applicants are assessed on documentation, practical skills, commitment to the trade and readiness for further training.

The programme, launched in 2024, aims to reduce Nigeria’s dependence on foreign artisans by equipping local professionals with modern technical and entrepreneurial skills.

Under a new business incubation model, beneficiaries will receive industrial-grade sewing machines, specialised tailoring equipment, business signboards, mentorship and technical support.

The ITF dropped its previous practice of distributing starter packs after discovering that many beneficiaries sold the equipment instead of using it to build businesses.

Continue Reading

Business

Naira Exchange Rates To Foreign Currencies Wednesday, July 29

Published

on

By

28 Views

BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,415

GREAT BRITISH POUND (GBP) Buy ₦1,900 Sell: ₦1,930

EURO (EUR) Buy ₦1,585 Sell ₦1,610

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

Commercial Bank Exchange Rates

Sterling Bank

Currency Buy Sell

USD / NGN ₦1350.00 ₦1385.00

GBP / NGN ₦1774.08 ₦1861.62

EUR / NGN ₦1514.63 ₦1595.45

ZAR / NGN ₦80.34 ₦84.76

Official CBN Exchange Rates

US DOLLAR (USD) ₦1,365.43

GREAT BRITISH POUND (GBP) ₦1,816.05

EURO (EUR) ₦1,552.88

SWISS FRANC (CHF) ₦1,667.11

JAPANESE YEN (JPN) ₦8.33

CHINESE YUAN (CNY) ₦201. 66

WEST AFRICAN CFA (XOF) ₦2. 36

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,847.10

SAUDI RIYAL (SAR) ₦363.74

SOUTH AFRICAN RAND (ZAR) ₦81.54

Continue Reading

Trending