Uber Quits Nigeria and Uganda to Pivot to London Autonomous Tech.
Uber Technologies, a ride-hailing company, announced on Wednesday that it will discontinue its 12-year presence in Nigeria, Africa’s most populous country, on September 2. Uber
Nigeria’s Amni and TotalEnergies greenlight an $800 million offshore gas project in Nigeria.
Nigeria’s state oil company, NNPC Ltd, announced on Friday that local producer Amni International and TotalEnergies have reached a final investment decision on an $800
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
South Korean FX authorities scoop up $20 billion as SK Hynix repatriates $26.5 billion in listing proceeds.
South Korean foreign exchange authorities purchased roughly $20 billion in US dollars that SK Hynix sold following its $26.5 billion US depositary receipt listing in
Goldman Sachs, BofA, and 19 other banks to issue dollar stablecoins jointly in 2027.
A group of twenty-one financial institutions, including Goldman Sachs, Bank of America, Citi, and Deutsche Bank, announced on Tuesday that they intend to establish a
Aon acquires rival insurance firm USI for $17 billion in a landmark industry deal.
In one of the largest insurance acquisitions in recent memory, Aon announced on Monday that it would purchase rival USI Insurance Services from private equity
ChatGPT Ads has achieved an annualized revenue run rate of $1 billion as global rollout takes off.
OpenAI said on Monday that its advertising division, ChatGPT Ads, has achieved an annualized revenue run rate of $1 billion as adoption increases and the
German insurer Allianz is evaluating a $6.77 billion buyout of AA, a roadside rescue giant.
Allianz, a financial services business located in Germany, is contemplating a £5 billion ($6.77 billion) takeover attempt for AA, the breakdown recovery group. Founded in
Anthropic is exploring a deal with MatX, a chip startup, to boost its internal chipmaking capabilities.
Anthropic proposed paying about $7 billion to acquire artificial intelligence chip firm MatX in order to expedite efforts to create specialized hardware for its rapidly
Meta resolves multi-state teen social media addiction lawsuit with an $18 billion settlement.
As part of a historic court settlement that ended a trial over teen social media addiction and resolved allegations made by almost every state, Meta
MTN considers expansion into banking and AI data centres amid surging cash reserves.
To increase lending from its own balance sheet, MTN Group, the biggest telecom provider in Africa, is looking for banking licenses in a few regions,
UK pushes forward with the first £10 billion low-cost housing spree.
With an emphasis on London, Britain announced intentions to spend £10 billion ($13.6 billion) on affordable housing for renters; nonetheless, its goal of providing social
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