Intel is reportedly in talks with Apple about a potential investment as the chipmaker desperately seeks new funding to finance its massive turnaround effort. The discussions, which are in an early stage, follow recent major investments in Intel from Nvidia ($5 billion), SoftBank ($2 billion), and the U.S. government (nearly $9 billion). Intel’s move to court Apple highlights the urgency of its situation. The company is trying to regain its position in the market after missing key innovations like smartphones and AI, leading rivals like Nvidia and TSMC to pull ahead. Apple and Intel have a complex history; Intel was…
Author: Elvis Eromosele
Instagram has achieved a major milestone, surpassing three billion monthly active users worldwide as it approaches its 15th anniversary. Adam Mosseri, head of Instagram, announced the achievement, highlighting the platform’s growth from a simple photo-sharing app (launched in 2010) into a global hub for creativity and connection. The company is focusing on user experience with several new features rolling out soon: More Control Over Reels: Users will be able to customize their feed by indicating which topics they want to see more or less of. Simplified Navigation: The app will feature a cleaner layout, allowing for easier swiping between the main…
FirstBank is introducing a range of customised financial services for its blind, partially sighted, and physically challenged customers, emphasizing its commitment to financial inclusion. The new initiative will make banking more accessible across all the bank’s touchpoints. Measures include making transaction documents available in formats like braille, audio, large print, and digital files. The bank will also upgrade its ATMs with high-contrast screens and voice-prompt commands, and issue cards with tactile motifs and braille inscriptions for easier recognition. This move aligns with the Central Bank of Nigeria’s financial inclusion strategy and global standards for disability rights.
Nestlé Nigeria has reaffirmed its dedication to youth empowerment and skill development with the graduation of twenty young trainees from the 8th cohort of its Nestlé Technical Training Center, Agbara. This initiative is part of the broader Nestlé Needs YOUth program, a global commitment launched in 2013 with the goal of enabling 10 million young people worldwide to access economic opportunities by 2030. Since its establishment in 2011, the Nestlé Technical Training Center, Agbara has invested more than ₦6 billion in equipping young Nigerians with hands-on technical and vocational skills. The program offers comprehensive training in food technology, engineering, and…
Moniepoint Microfinance Bank has reaffirmed its commitment to financial inclusion as the cornerstone of its business, declaring that its mission goes beyond market share to transforming lives across Nigeria and Africa. Speaking at the 2025 annual conference of Finance Correspondent Association of Nigeria (FICAN) in Lagos on Saturday, Babatunde Olofin, the bank’s Chief Executive, told a story that captured both the fragility and resilience of the Nigerian dream. The theme of this year’s conference ‘Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance,’ brought together experts and stakeholders across the key finance sector of Africa’s largest economy, among…
Godfrey Adejumoh, top-performing global business communications strategist, is set to launch a book titled, ‘Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders’ at a date to be announced later. In a statement on Monday, the publication is described as a ‘veritable playbook for navigating today’s complex world of leadership, communication, and influence. It is an important book for communications leaders of all ages’. In the book, Adejumoh, who is also a Thought Leader, distills years of lived experience, professional insights, and lessons from the frontline of Public Relations into clear, actionable strategies. At its heart, the…
Mr. Godfrey Adejumoh, top-performing global business communications strategist, is set to launch a book titled, ‘Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders’ at a date to be announced later. In a statement on Monday, the publication is described as a ‘veritable playbook for navigating today’s complex world of leadership, communication, and influence. It is an important book for communications leaders of all ages’. In the book, Adejumoh, who is also a Thought Leader, distills years of lived experience, professional insights, and lessons from the frontline of Public Relations into clear, actionable strategies. At its heart,…
Nigeria’s foreign exchange reserves have reached a new peak, hitting $42.03 billion on September 19, 2025. This marks the highest level since late 2019 and a significant recovery after a period of decline. According to the Central Bank of Nigeria (CBN), the reserves have shown consistent growth throughout September, gaining $610.8 million since the beginning of the month. The increase in reserves strengthens the CBN’s ability to manage the foreign exchange market and meet the country’s international obligations. It also boosts investor confidence and could attract more foreign investment. However, the report cautions that to sustain this momentum, Nigeria must…
First Bank of Nigeria Limited has partnered with the organizers of the E1 Lagos GP, the first all-electric powerboat racing championship in the city, scheduled to run from October 3 to 5, 2025. This collaboration is part of the bank’s long-standing commitment to sports and human development. Olayinka Ijabiyi, the bank’s Acting Group Head, Marketing and Corporate Communication, stated that the partnership is about fostering a national legacy and uniting Nigerians through shared passions. He highlighted the bank’s history of supporting major sporting events, including over a century of involvement with the Georgian Polo Cup. The E1 Lagos GP will…
Lagos State’s landmass has grown from 3,577 to 4,050 square kilometers, a result of extensive reclamation of wetlands and lagoon areas for real estate development. Mr. Tokunbo Wahab, the State Commissioner for the Environment and Water Resources, disclosed this while speaking at Harvard University’s Climate Action Week. The commissioner highlighted the environmental consequences of this expansion, including increased risks of flooding and ecological damage. To combat this, he announced that all future land reclamation projects must now include an Environmental Impact Assessment (EIA) and a proper drainage master plan. The state is also investing in resilient drainage systems, enforcing environmental…