By Ishola Ayodele What is AI? The Oxford learners’ dictionary defines AI as the study and development of computer systems that can copy intelligent human behaviour. But come to think of it, what if Artificial Intelligence is not just artificial, and isn’t merely intelligent? What if AI is actually “augmented intention”? An external mind that absorbs our communication patterns, magnifies our cognitive biases, and mirrors our ethical blind spots back at us. For instance, YouTube, TikTok, Facebook and Spotify augment our intention by learning from our digital behaviour (what we watch, like, and share) and then feed us more of…
Author: Elvis Eromosele
Cadbury Nigeria Plc has announced a profit before tax (PBT) of N14.535billion for the first six months of 2025, following the Board of Directors’ approval of the Company’s unaudited financial statements. This represents a 205 per cent increase in profit over the loss of N13.880billion that the Company recorded for the same period in 2024. The Company’s gross profit rose by 128 per cent from N9.587billion to N21.859billion in the period under review, while it reported a profit of N10.175billion for the period, reversing a loss of N9.716billion that it had reported for the first half of 2024. This translates…
Mr. Yele Okeremi, Managing Director of Precise Financial Systems (PFS), has said that unless the Nigerian government pays attention to the trends and developments in the country’s fintech ecosystem, the growth would be limited. Speaking during his appearance on C-Suite Café, a podcast hosted by veteran journalist and brand strategist Ikem Okuhu, Okeremi said that only the government can provide the necessary leverage for the sector to become global leaders. Citing the example of China, he said it took the country’s government to push its local payment platform to become one of the prime payment gateways in the world. “If…
The recent approval of N68.7 billion by the Federal Executive Council (FEC) for solar electricity projects in Nigeria marks a significant milestone in the country’s drive toward sustainable energy and inclusive development. The investment, announced by the Minister of Power, Adebayo Adelabu, is the first phase of a broader N200 billion solar initiative spearheaded by the Ministry of Power. At its core, the move reflects a deliberate shift in strategy, an acknowledgement that Nigeria’s traditional power supply model is no longer sufficient to meet the demands of its growing population, particularly in critical sectors such as education, healthcare, and agriculture.…
The Federal Executive Council (FEC) has approved over N3.6 trillion for the construction and rehabilitation of major highway projects across the country, in what has been described as a bold move to improve national infrastructure, connectivity, and economic development. Briefing journalists after the FEC meeting on Thursday in Abuja, Minister of Works, David Umahi, outlined the scope and scale of the approvals, highlighting two major projects: the Sokoto–Badagry Highway and the Lagos–Calabar Coastal Highway. According to Umahi, the council approved funding for a second carriageway of 258 kilometres in Kebbi State, at a contract sum of N961 billion. This is…
Microsoft has projected a record-breaking capital expenditure of $30 billion for its current fiscal first quarter, which is Q3 2025, driven by surging demand for AI services and its fast-growing Azure cloud business. This marks the tech giant’s largest quarterly investment to date and signals its intent to pull ahead in the escalating AI infrastructure race. The spending forecast, which beat analyst expectations of $23.75 billion, comes as Big Tech ramps up investments to meet the demands of generative AI. It places Microsoft in a strong position to outspend rivals like Google and Meta over the next year, amid expectations…
Meta Platforms, Inc. reported strong second-quarter earnings for 2025, with revenue rising to $47.52 billion, a 22 per cent increase compared to the same period last year, driven by robust advertising performance and sustained user growth across its platforms. Founder and CEO, Meta, Mark Zuckerberg, described the quarter as a success for both the business and its community. “We have had a strong quarter both in terms of our business and community. I am excited to build personal superintelligence for everyone in the world,” he said. According to the company, ad impressions across the Family of Apps rose by 11…
Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) will Chair the 2nd Business Journal Fintech & Financial Inclusion Roundtable 2025 scheduled for Friday, August 29, 2025 at Oriental Hotel, Lekki, Lagos. Time is 10 a.m. prompt. The theme of the Roundtable is: Fintech & Financial Inclusion: The Opportunities & Challenges for Nigeria. In a statement, Prince Cookey, Publisher/Editor-in-Chief of Business Journal Media Group, said the choice of Umaru Kwairanga to chair the event is a reflection of his immense and chequered journey in the Nigerian economic system over the years. “Dr. Umaru Kwairanga is a noted player in the…
The Coca-Cola Company has entered into an agreement to sell Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC (UAC). Chivita|Hollandia (CHI Limited) is a leading food and beverage player in Nigeria, with a portfolio across value-added dairy products, juices, nectars, still drinks, and snacks. The Hollandia brand is the market leader in evaporated milk and drinking yoghurt, while the Chivita brand is the market leader in fruit juice. This transaction, which is subject to regulatory approval, further supports The Coca-Cola Company’s strategy to operate a flexible and asset-light model and focus on brands that have the greatest potential to scale.…
The Federal Ministry of Justice, in collaboration with the Nigerian Communications Commission (NCC), has concluded the 1st Annual Workshop for Attorneys-General on Emerging Issues in the Communications Sector, with a clarion call for enhanced institutional synergy and legal reform to drive digital transformation in Nigeria. The high-level two-day workshop, held at the Sheraton Hotel, Ikeja, Lagos, brought together State Attorneys-General, legal experts, and communications sector stakeholders to deliberate on the theme: “Building and Driving Synergy in Regulating Communications for the Digital Transformation of Nigeria.” Delivering the keynote address, Chief Lateef O. Fagbemi, SAN, Honourable Attorney-General of the Federation and Minister…