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NEWS

Motorists groan as Ogun ram market causes gridlock on Lagos-Ibadan Expressway

Motorists on Wednesday found themselves stranded on the Lagos-Ibadan Expressway as buyers and sellers of livestock at the Kara Market blocked sections of the road causing a massive traffic jam. Our correspondents, who monitored the traffic congestion along the corridor, observed that large trucks carrying livestock, which were parked by the side of the highway for offloading, compounded the gridlock on the corridor. While the livestock were being offloaded from […]

todayJune 13, 2024 5

BUSINESS

Elon Musk’s AI startup raises $6bn for market expansion

Elon Musk’s artificial intelligence startup xAI has raised $6bn in a Series B funding round backed by investors including Valor Equity Partners, Andreessen Horowitz and Sequoia Capital, among others. In a statement posted on its website on Sunday, the startup announced that the funds from this round would be used to bring xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies. “xAI […]

todayMay 27, 2024 6

BUSINESS

Dangote refinery: Diesel, JetA1 hit market January, petrol delayed

The Dangote Petroleum Refinery is set to start producing Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel in January 2024, while the production of Premium Motor Spirit, popularly called petrol, is being delayed by the supply of crude oil in installments. It was gathered on Sunday that the facility would require a minimum of six million barrels of crude oil to kick-start the full production of […]

todayDecember 11, 2023 52

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