Amazon’s $4 billion investment in AI firm Anthropic faces UK merger investigation

Category: Procurement News

Amazon’s multibillion-dollar investment into U.S. artificial intelligence frim Anthropic is formally being investigated by U.K. competition regulators....

Tinubu eyes tax break for companies, other interventions to reduce inflation – Edun

Category: Procurement News

 Minister of Finance, Wale Edun has said President Bola Ahmed Tinubu is targeting fresh fiscal measures, including outright tax breaks for companies employing...

Nigeria Reports a 55% Rise in Net Foreign Exchange Flows to $25.4 Billion in the First Half of 2024

Category: Procurement News

The Central Bank of Nigeria (CBN) has stated that net foreign exchange flows increased to $25.4 billion between January and June, a 55% year-over-year rise,...

CBN Reports Net FX Inflows of Up to $25.4 Billion in Six Months

Category: Procurement News

Between January and June, net foreign exchange inflows increased by 55% year on year to $25.4 billion, according to the Central Bank of Nigeria (CBN). Record...

Automation and Robotics are Blessings in Apparel Industry

Category: Procurement News

Currently, the Ready Made Garment (RMG) industry is known as a global industry. Due to the universality of textiles, it has become a subject of research in...

Sell Arik, Aero Contractor Airlines To New Investors, FG Urged

Category: Procurement News

An Aviation expert, Capt. John Ojikutu (rtd), has called on the federal government to sell off Arik Air and Aero contractors airlines in order to recover its...

Net FX flows increase by 55% to $25.4 billion in six months – CBN

Category: Procurement News

The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in the first six months of 2024, marking a...

U.S. supports 33 Nigerian students with N3.54 billion scholarships

Category: Procurement News

Thirty-three Nigerian students have been awarded full scholarships worth $2.92 million (about N3.54 billion) to study at American universities and colleges for...

Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates

Category: Procurement News

Warner Bros. Discovery reports earnings after the bell....

More than 3.4 million U.S. households claimed $8.4 billion of Inflation Reduction Act home efficiency tax credits in 2023, IRS says

Category: Procurement News

Two tax credits enhanced and extended by the Inflation Reduction Act are more popular than officials projected....

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