Open AI rival to raise $750m

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Anthropic, the OpenAI rival founded by ex-OpenAI employees, is in talks to raise a $750m funding round led by Menlo Ventures, a person with direct knowledge of the matter told CNBC. According to CNBC, the round would value Anthropic at…

Explainer: What you should know about new UK migration rules

The United Kingdom government recently unveiled a comprehensive five-point plan in a bid to curb immigration. Mixed reactions have trailed the plan, which encompasses various measures, such as prohibiting care workers from relocating with their families and increasing the minimum…

BREAKING: Reps raise 2024 budget to N28.7 trillion

The House of Representatives has passed the 2024 Budget, increasing President Bola Tinubu’s proposal by more than N1 trillion. The House, at its special session on Saturday, increased the budget from the N 27.5 trillion proposed by President Tinubu to…

Three Nigerian billionaires lost $9.3bn in 2023

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The combined wealth of Aliko Dangote, Abdulsamad Rabiu and Mike Adenuga declined by $9.3 billion in 2023, according to Forbes’ Real-Time Billionaires ranking. Forbes’ wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed to…

LASUBEB seeks improved agricultural practice in schools

The Executive Chairman, Lagos State Universal Basic Education Board, Dr Hakeem Shittu, has advised the Public Primary Schools to revive agricultural practices in schools. He said this during a field tour to Erikorodo Poultry Estate, Erikorodo Ikorodu. A statement by…

FG granted three-year tax holidays to 34 companies in 2023 

 FCT-IRS warns contractors in Abuja not to remit withholding tax to wrong tax jurisdiction

The Nigerian Investment Promotion Commission (NIPC) has revealed that the Federal Government approved tax holidays for 34 companies in 2023. Lovina Kayode, Head of Incentives Administration at the commission, made this announcement during an end-of-the-year press briefing held in Abuja…

WHO raises the alarm on increase in dengue infections

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The World Health Organisation has raised the alarm on the increase in dengue infections recorded in 2023 globally, which represents a potentially high public health threat. The UN health agency gave the warning on Friday as it reported more than…