About The Author

gbn

Showing: 1 - 10 of 4,819 Articles
Money market

Polaris Bank wins SERAS award, Africa’s prestigious sustainability/CSR recognition

Lagos, Dec. 25, 2024 -Polaris Bank has added yet another feather to its cap by winning Sustainability, Enterprise, and Responsibility Awards (SERAS), Africa’s most renowned and prestigious Sustainability/Corporate Social Responsibility (CSR) recognition for its consistent and impactful critical community interventions across Nigeria over the years. At the 18th edition of the SERAS Awards held in Lagos last weekend, the recognition came the way of Polaris Bank in what the organisers described as “the Bank’s unwavering commitment to sustainable development and impactful community interventions across Nigeria”. The SERAS Awards, widely regarded …

General News

Christmas: Group urges Akwa Ibom indigenes in Diaspora to invest in state’s development

Investment By Peter Ejiofor London, Dec. 25, 2024: Dr Akaninyene Friday Willie, the President of  Akwa Ibom Indigenes Organisation South Africa (AIIOSA), has urged their relatives in the Diaspora to begin to invest in areas that would promote all-round development of Akwa Ibom State. Akaninyene, who made the call in his Christmas message to the people of Akwa Ibom, said that it was time for the people of the state in the Diaspora to think about home and ways to develop huge resources the state was endowed with using their …

General News

Human vs artificial intelligence, human still at the centre

By Paul Ejime Abuja, Dec. 25, 2025 – According to experts, Human intelligence refers to the “intellectual capability of humans, marked by complex cognitive feats and high levels of motivation and self-awareness.”  Since human intelligence is partly linked to the structure and genes of the human brain, it is also believed that intelligence could be “enhanced” using “genetic engineering,” a process sometimes called “biological uplift” in science fiction. Indeed, “genetic enhancement experiments on mice have demonstrated superior ability in learning and memory in various behavioural tasks.” But this reflection is …

General News

Fubara approves N100,000 Christmas bonus for workers, pensioners

Port Harcourt, Dec. 25, 2024 – Siminalayi Fubara, the Governor of Rivers State, has approved ₦100,000 Christmas bonus for workers and pensioners in the state. George Nwaeke, the State Head of Service, announced this in a statement on Tuesday.  He said the bonus was given to enable workers and senior citizens have a fulfilled Christmas celebration. This is the second time that Fubara would be giving Christmas bonus to the tune of N100,000 to civil servants in the state. (GBN)

Capital market Money market

Trump’s first year will be filled with fiscal follies

Washington, Dec. 25, 2025 – Relief swept Washington, D.C., after Congress ended a budget standoff and passed a short-term spending bill on Dec. 21, averting a government shutdown. But that year-end legislative battle may foretell further fiscal chaos in 2025, including the risk of another downgrade of US debt. Donald Trump will take office on Jan. 20 with his fellow Republicans running both houses of Congress. That Republican “trifecta”— full control of the legislative and executive branches — has boosted hopes that Trump will be able to extend a huge …

Business Planning

Toyota global production down for 10th month despite rising sales

Tokyo, Dec. 25, 2024 – Toyota Motor’s global production decreased for a 10th straight month in November, the Japanese carmaker said on Wednesday, although its worldwide sales grew for the second consecutive month on solid demand in the United States and China. The world’s biggest automaker manufactured 869,230 vehicles globally in November, down 6.2% from the same month last year, a larger fall than October’s 0.8% dip. Toyota’s U.S. output was down 11.8%, making a slow recovery although the production of Grand Highlander and Lexus TX SUV models resumed in …

General News

Nigeria’s Hostages in Law

By Chidi Anselm Odinkalu Lagos, Dec. 24, 2024 – In 1991, Nigeria was in the full throes of the interminable transition to civil rule programme of General Ibrahim Babangida. The effort by the regime in 1991 to relocate their terminal date from 1992 to 1993 coincided with a planned meeting in Ibadan, south-west Nigeria, of the leadership of the National Association of Nigerian Students (NANS). At that time, security agencies had secreted on major campuses around the country, assets masquerading as students. The University of Ibadan was no exception. The …

Money market

Soludo signs Anambra’s N607bn budget for 2025 into law

Awka, Dec. 24, 2024 – Gov. Chukwuma Soludo of Anambra State has signed the state’s N606.991 billion budget for 2025 into law. Christian Aburime, the Press Secretary to the Governor, disclosed this in a statement in Awka on Tuesday. He said the budget, tagged “Changing Gears 2.0”, was aimed at accelerating the growth of the critical sectors in the state. The statement said the budget gave priority to key sectors like education, healthcare, infrastructure, and public safety, reflecting the state’s commitment to advancing the state’s socioeconomic landscape. “The budget lays …

ICT Tech

Internet usage in Nigeria rises to 270,398.28 terabytes

Lagos, Dec. 24, 2024 – Internet usage in Nigeria has been rising steadily in the last one year, according to the Nigeria Communications Commission (NCC) The internet services are being provided by the four main mobile operators of MTN, Airtel, Globacom and 9mobile. According to the latest statistics provided by the NCC on its website, internet usage reached the peak of 270,398.28 terabytes in October 2024, from the lowest level of 645,407 terabytes in November 2023. It rose steadily from 766.708.12 terabytes in February 2024 to 771,993.56 terabytes in March …

Oil and Gas

Oil prices rise in thin pre-Christmas trade

Singapore, Dec. 24, 2024 – Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by slightly positive market outlooks for the short term and stronger U.S. economic data, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 33 cents, or 0.5%, to $72.96 a barrel, and U.S. West Texas Intermediate crude futures rose 29 cents, or 0.4%, to $69.53 a barrel at 0422 GMT. FGE analysts said they anticipated the benchmark prices would fluctuate around current levels in the short term “as activity in …