OpenAI, the artificial intelligence startup behind ChatGPT, has surpassed $25 billion in annualised revenue as of the end of last month, according to a report by The Information citing a source familiar with the figure. The milestone represents a 17% increase from the $21.4 billion in annualised revenue the company recorded at the end of…
By Ayomide Otitoju The Central Bank of Nigeria (CBN) has added domestically sourced gold, refined to London Bullion Market Association (LBMA) Good Delivery standards, to its foreign reserves, bringing total gold holdings to $3.5 billion, the apex bank announced. The move marks a significant milestone in the CBN’s strategy to diversify its reserves. According to…
By Ayomide Otitoju Justice James Omotosho of the Federal High Court, Abuja has discharged and acquitted suspended Deputy Commissioner of Police Abba Kyari of a 23-count charge related to the alleged non-declaration of assets, brought against him by the **National Drug Law Enforcement Agency (NDLEA). Kyari faced the charges alongside his two brothers, who were…
Israel launched pre-dawn airstrikes on Lebanon early Thursday, hitting a Beirut suburb controlled by Hezbollah, while reporting the interception of missiles fired by Iran. The attacks mark a widening conflict involving United States forces and have sparked new instability in Iraq. Israel warned residents in the targeted areas to evacuate before the strikes. The airstrikes…
The Kano State House of Assembly has initiated impeachment proceedings against the state’s Deputy Governor, Aminu Abdussalam Gwarzo, over allegations of gross misconduct, abuse of office, and breach of public trust. The impeachment notice was presented during plenary by the Majority Leader, Lawan Hussaini Dala, who said the action was taken in accordance with Section…
By Ayomide Otitoju Israel launched fresh airstrikes on Lebanon early Thursday and said it intercepted missiles fired from Iran, as a widening conflict involving United States forces triggered escalating tensions across the Middle East, including new turmoil in Iraq. A pre-dawn airstrike hit a suburb of Beirut, a stronghold of Hezbollah, the Iran-backed militant group…
By Ayomid Otitoju The Federal Executive Council has approved the implementation of a GIS-enabled alphanumeric digital postcode system aimed at modernising Nigeria’s national addressing framework. Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed the development on Wednesday, stating that the approval was granted by President Bola Tinubu during a council meeting. He described…
By Ayomide Otitoju President Bola Tinubu has approved the renewal of Professor Ayo Omotayo’s tenure as Director-General of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, announced on Wednesday. The renewal extends Omotayo’s appointment for a final four-year term. He was initially appointed…
Mojtaba Khamenei, son of the late Iranian Supreme Leader Ali Khamenei, has emerged as a leading contender to succeed his father as the head of Iran. The country’s next supreme leader will be chosen by the Assembly of Experts, the top clerical body, with member Ahmad Khatami telling state media on Wednesday that they aim…
