Business

Artificial Intelligence Software Provider, Cortex Logic, Partners Universities In Cape Town

South African based Artificial Intelligence Software & Solutions provider, Cortex Logic, has initiated an outreach programme with local universities in Cape Town. Dr Jacques Ludik, recipient of the AI Leader of the Year 2019 award and Cortex Logic Founder, Managing Director and Group CEO recently attended the Stellenbosch University Computer Science Prize-Giving that saw Cortex Logic sponsoring the award for Best ...

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Olam Offers N130b To Acquire Dangote Flour Mill

Olam International, a Singaporean agro-allied company, has offered N130 billion to acquire Dangote Flour Mill (DFM). Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said that the total consideration offered by Olam to acquire its five billion shares was N130 billion. Olam, through its subsidiary Crown Flour Mills, currently owns over five million shares of Dangote ...

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Frost & Sullivan Presents Top Cities Leading Globally In Smart Mobility Solutions And Their Strategies 

Benchmark against other cities for self-analysis, comparison, and strategizing Rapid urbanisation, vehicle density, aging infrastructure, and transportation related emissions are increasingly stressing the urban mobility ecosystem. One in twelve people in the world lives in the cities, and they account for nearly 15 percent of the total global vehicle population of 1.3 billion. This results in a cost burden of ...

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Customs Opens Portal To Recruit 3,200 Officers

The Nigeria Customs Service (NCS) on Tuesday officially announced plans to recruit 3,200 officers into the service. The Acting Deputy Comptroller-General of Customs in charge of Human Resources Department, Umar Sanusi made this known at a news conference in Abuja. Sanusi explained that 800 would be recruited to fill vacancies in the Support Staff for Superintendent Cadre Category, and 2,400 ...

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Paxful: AI-Powered Security Rolled Out To Africa’s Bitcoin Economy

…Nigeria, Ghana among Paxful’s leading markets globally. Paxful, a peer-to-peer Bitcoin marketplace, announced that they have teamed up with Jumio®, a digital identity and address verification company in order to improve Anti-Money Laundering (AML) procedures and implement Know Your Customer (KYC) requirements onto the marketplace. Jumio’s AI-powered Trusted Identity Service and verification process will help minimize risk and ensure all ...

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Shell Delivers N150m Capacity Development Programme For Bonny Youths

No fewer than 12 young entrepreneurs from host communities to the Bonny Oil and Gas Terminal in Rivers State have benefitted from a N150 million capacity development and empowerment programme by The Shell Petroleum Development Company of Nigeria Limited (SPDC). SPDC’s General Manager, External Relations, Igo Weli, who handed over the service entry and final settlement to the beneficiaries in ...

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Nigeria’s Economy Slipping, Says World Bank

The World Bank has said that the Nigerian economy has been slipping since 1995 and this continued till 2018. The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance in sub-Saharan Africa, which focused on the macroeconomic and financial features that led to growth resilience on the continent. According to the ...

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Shell Emerges Nigeria’s Most Impactful Local Content Company

Shell Companies in Nigeria have emerged the International Oil Company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) held in Yenagoa, Bayelsa State on April 4, 2019. Shell beat other competitors, Total and Exxon Mobil, to the second and third positions respectively at the ...

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Oil Prices Rise 1.5 Percent As Strong U.S. Economic Data Eases Demand Concerns

Oil prices gained 1.5 percent on Friday as strong U.S. employment data tempered fears about weakening global crude oil demand, and on expectations that an escalating conflict in Libya could tighten oil supplies. Optimism that Washington and Beijing are approaching a trade deal also boosted crude prices. Brent crude futures settled at $70.34 a barrel, up 94 cents, or 1.35 ...

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