OpenAI President Greg Brockman has offered a revealing account of the tensions that shaped the company’s early days, describing high-stakes disagreements over its future direction. Speaking on Tuesday, May 5, Brockman said the push to transition into a for-profit structure went beyond financial survival and was linked to Elon Musk’s broader ambitions for interplanetary colonization.…
Nigeria’s non-oil export sector reached a record high in 2025, with total export value rising to $6.1 billion and market access extending to 210 countries, according to the Nigerian Export Promotion Council. The agency’s Executive Director, Nonye Ayeni, disclosed the figures in Abuja during a conference themed “Strengthening Women-led Businesses for Resilience, Recovery and…
Super Eagles and Victor Osimhen striker has been hit with a lawsuit by Mercedes-Benz over an alleged unpaid car lease dating back to his time in Italy. Mercedes-Benz Financial Services Italia S.p.A. filed a formal criminal complaint in Milan, accusing the 2023 CAF Player of the Year of failing to meet payment obligations tied to…
The Dangote Refinery has raised the price of petrol, increasing its ex-depot rate for Premium Motor Spirit (PMS) by N75 per litre, while also suspending product sales due to a disruption in its Proforma Invoice process. Data from Petroleumprice.ng, along with confirmation from a refinery official on Wednesday, showed that the loading price for petrol…
Lagos State has become the most indebted state in the country. Data from the National Bureau of Statistics (NBS) shows that as of the fourth quarter (Q4) of 2025, Lagos owes N1.22 trillion in domestic debt and $1.17 billion in external debt. In its Q4 2025 debt report released on Monday, April 27, the NBS…
Microsoft is facing a £1.7 billion class action lawsuit in the United Kingdom over claims that it exploited its dominant market position to overcharge businesses. The case was filed by Maria Luisa Stasi on behalf of roughly 59,000 UK businesses and organisations. At the heart of the lawsuit are allegations that Microsoft imposed higher fees…
The Federal Competition and Consumer Protection Commission (FCCPC) has clarified that it has not banned airtime or data borrowing services in Nigeria. The clarification comes after MTN Nigeria suspended its “Xtratime” service, citing compliance with the Digital, Electronic, Online or Non-Traditional (DEON) consumer lending regulations introduced in 2025. According to the commission, the DEON framework—launched…
The Corporate Affairs Commission (CAC) has announced a temporary suspension of its company registration portal. The commission disclosed this in a statement shared on its X account, following confirmation of a cyberattack on its database that affected millions of data records in Nigeria. According to the CAC, the portal will be unavailable for three days,…
The Central Bank of Nigeria (CBN) has proposed setting up a mediation panel to handle loan-related disputes, with the aim of reducing dependence on courts in secured lending cases. The proposal was detailed in a circular signed by P. I. Oluikpe, Acting Director of the Development Finance Advisory Department, which invited stakeholders to…
Nigeria’s crude oil output recorded a slight rebound in March 2026, rising to 1.38 million barrels per day (bpd), according to the latest report by Organization of the Petroleum Exporting Countries. The figure, based on official data submitted by Nigerian authorities, marks a 5.25 percent increase from the 1.31 million bpd produced in February. Despite…
