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Trending News: FG Orders Immediate Reopening of Independence Bridge in LagosNiger Delta Group Hails Tinubu’s Appointment of Avuru as NNPCL Board Member, Declares Support for OjulariBREAKING: PSC Appoints Agbonika As Edo Police Commissioner, Tasks Him With Preventing Reprisal After Uromi LynchingRecall Petition against Akpoti-Uduaghan Did Not Meet Constitutional Requirements, Says INECMiva University Targets 20,000 Student Population by December, Determined to Offer top-notch EducationCourt Restrains Firm, Individual from Selling Hampton Estate LandSanwo-Olu Apologises for Severe Traffic Congestion Shettima Departs Abuja For Dakar ThursdayUTME Mock Notification Slip Ready For Printing, Says JAMBEXCLUSIVE: Sex-For-Marks Scandal Rocks Lagos Public Secondary School As Management Attempts To Cover Up Teacher’s ‘Abuse Of 11 Girls’BREAKING: INEC Rejects Petition To Recall Senator Natasha, Cites Failure To Meet Constitutional RequirementsINEC: Petition for Akpoti-Uduaghan’s Recall Has Not Met Constitutional RequirementNasara Foundation Marks Third Anniversary, Launches Official JournalNew Katsina CP Declares War Against Bandits Bauchi to Release CNF Matching Fund of N100m to Combat Malnutrition EXCLUSIVE: Ex-Nigerian First Lady Patience Jonathan Holds 15 Domestic Workers In Prison Since 2019 Over Missing JewelleryBe Good Ambassadors of Oyo, Makinde Charges Nigeria Police CadetsWike Approves Employment of 34 Resident Doctors for  TrainingGov Lawal Explores Mining Opportunities in Zamfara as Security ImprovesBREAKING: Edo NYSC Punishes Corps Members With 90-Day Extension For Protesting Unpaid N77,000 Allowance In WhatsApp GroupTargeting Education, Nutrition, Economic Resilience, W’Bank Approves New $1.08bnStakeholders, JP Morgan’s Analysts Hail Leadership Change at NNPCL, Say Its New DawnJP Morgan Plans Entry into Nigeria, to Acquire Merchant Bank LicenceTribunal Affirms Okpebholo, Ighodalo Vows to AppealAdelabu: Tinubu Has Raised Power Generation by 50% in about Two YearsTinubu, Buhari Mourn Galadiman of Kano, Abbas SanusiTinubu Departs Abuja for Two-week Working Visit to FranceTrump Blows Up Global Trade with Sweeping Tariffs Impacting 185 CountriesOrutugu: Police Poised to Avert Any Crisis During Anambra’s Guber PollHow Lagos State, Lafarge Africa Plc is Engendering Sustainable Solid Waste ManagementNFF Hails Musa Kida’s Appointment as Chairman of NNPCLNSC Applauds Tinubu for Signing National Anti-doping Bill into Law PMI 2025 Global Summit Series Africa Returns to RwandaBREAKING: Edo Governorship Election Tribunal Affirms Monday Okpebholo As GovernorTribunal Affirms Election of Okpebholo as Edo Governor BREAKING: Niger State Governor’s Aide Aisha Wakaso Orders Arrest, Detention Of Journalists Over Critical ArticleCentury Favour Launches 30-Day Advocacy Campaign to Fix Nigeria’s Electoral SystemMbah Welcomes Edeoga Back to PDPSenate: New Investment & Security Bill Sets Stage For Tinubu’s $1trn EconomyAkpoti-Uduaghan Accuses Akpabio, Bello of Using Fake Constituents to Initiate Her RecallNNPC Welcomes New GCEO, BoardAbdulRazaq, Egbewole Hail Tinubu on Appointment of Ojulari, Omotowa As NNPCL GCEO, Non-executive Director Remita Unveils Landmark Report on AI’s Impact in Nigeria’s Fintech Women Group Unveils Programme to Boost Security, Empower 48,000 Persons in Katsina How MFM Founder Olukoya Grabbed Me, Placed His Forehead On Mine, Hypnotised Me In Counselling Room –Former Church Minister AshekunEdo Guber: Okpebholo Wins Against AA As Tribunal Set to Deliver Judgment in PDP Petition Delta Police Trail, Arrest Kidnappers in Rivers, Kogi, Recover 3 AK-47 RiflesSecurity Agencies Urged to Investigate Rivers Ex-HoS over Outburst against FubaraKorea Cooperation Agency to Begin Second Phase of Intervention at the Ekiti Smart SchoolBloombreed Schools Make History with Groundbreaking TEDx EventKatsina PDP Leaders to Join Atiku’s Coalition against APCCherubim and Seraphim Movement Church Marks 100 Years of Spiritual ExcellenceBREAKING: President Tinubu Sacks NNPCL CEO Mele Kyari, Board, Appoints Bayo OjulariBaptist Family Consoles Lagos APC Chairman, Ojelabi, over Wife’s DemiseCardoso Jubilant as Net FX Reserves Hit 3-year High, Swells to $23.1bnTinubu Sacks Kyari, Akinyelure, Appoints Bayo Ojulari as New GCEO of NNPCL$5bn Africa Energy Bank Gains Momentum with Contributions from Nigeria, Angola, GhanaChina Delays $23bn Sale of Panama Canal Ports to US-backed BlackRock ConsortiumFG Revokes Provisional Allocation of Houses Under NHPNECA Commends FG’s Appointment of NHIA’s ChairmanLASG, LIFC Council Seek Investors’ Support for Lagos International Financial CentreSave Contributory Pensioners from Poverty, APC Chieftain Appeals to TinubuMohammed Binji: Law Anchors Society, Good GovernanceNDDC Using Sports Festival To Unite Oil-Rich Niger DeltaEdo Extrajudicial Killing and the Demolishing of Obaseki’s Security ArchitectureNigeria’s 2025 Budget: Boosting Affordable Housing, Smart Cities, and Economic GrowthUniversity Don Identifies Accounting, Taxation as Tool for Economic DevelopmentON THE HOME FRONTNWOSU AND THE SENATE’S AMNESIAHAPPY BIRTHDAY, TUNDEON UROMI 16 AND JUNGLE JUSTICEA SACRILEGIOUS ATTACK ON HUMAN LIVESHeroic Welcome for Natasha Despite Kogi’s Ban on Rally, ProcessionBREAKING: Nigerian Police Officers Injured As Vehicle Somersaults Into Gully On Aba/Owerri RoadSokoto Gov Seeks Collective Effort to Combat BanditryWhy Nigerian Governments Pay Lip Service to Civil Service ReformsAdeleke to Royal Fathers: Sustain Peace or Be DethronedKogi Bans Rallies, Public Gatherings to Avoid Breach of Peace, Tranquility Gov Okpebholo in Kano, Promises Compensation for Uromi Victims’ FamiliesUS Embassies Tell Suppliers to Comply with Trump Ban on Diversity PoliciesMakinde: We’ve Achieved Economic Stability with N24bn Monthly Salary Payment, OthersRivers Will Emerge Stronger from Political Crisis, Fubara Optimistic During Eid VisitsNaira-for-Crude Policy Expires, HURIWA Seeks Continuation2027: Oil & Gas Host Communities’ Leaders Canvass Tinubu’s Re-electionTinubu Rejoices with Banking Guru, Jim Ovia, on Admission to Freedom of City of LondonShettima: National Unity, Peaceful Co-existence Must Be Our Gift To One Another Stakeholders Laud PINL on Pipeline Security, Demand Fairness from FGOpenAI to Raise $40 Billion in SoftBank-led New Funding RoundGlo Foundation Donates Food Packs to Lagos CommunityKatsina PDP Leaders to Join Atiku’s Coalition Against APCFG To Establish ‘Renewed Hope Cultural Villages’ Nationwide, Says Abdulkareem Concern Mounts over House of Reps Threat to Arrest NIMC DGMinister Advocates Public-Private Collaboration to Foster Sustainable Art IndustryNigerian Billionaire, Adebayo Ogunlesi, Leads BlackRock’s $23bn Acquisition of Panama Canal PortsNSIA Grew Net Assets to N4.35tn in 2024, Recorded N1.86tn in Total Operating ProfitOutrage over Uromi Killings as Akpabio Okpebholo, Barau, NASFAT, Condemn ActFor Their Impact in Business, Politics, Media, Others, ARISE NEWS Honours 80 Unstoppable WomenHerdsmen Overrun Farm Settlements, Occupy Homes, Schools In Enugu’s Eha-Amufu Amid Government SilenceCentral Bank Of Nigeria Report Confirms Inflation Crisis Under Tinubu GovernmentN’ Delta Activist Decries Approval of Emergency Rule in Rivers by N’ Assembly 
Thu. Apr 3rd, 2025

OpenAI to Raise $40 Billion in SoftBank-led New Funding Round

OpenAI said yesterday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its AI tools.

Microsoft-backed OpenAI said it looks to deliver increasingly powerful tools for the 500 million people who use ChatGPT every week.

Investor enthusiasm for the artificial intelligence sector has surged significantly in recent years, driven by widespread adoption of chatbots and the emergence of sophisticated AI agents.

Enterprises have integrated AI solutions to streamline their operations and enhance customer experiences, while venture capital firms compete to back promising AI startups, Reuters reported.

The market has particularly accelerated since late 2022 with the launch of AI tools like ChatGPT.

OpenAI had closed a $6.6 billion funding round in October, which valued the company at $157 billion.

With the latest funding, OpenAI will join the ranks of the most valuable private companies such as SpaceX, China’s ByteDance and Stripe.

​  

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    FG Orders Immediate Reopening of Independence Bridge in Lagos

    Bennett Oghifo

    Minister of Works, Senator Dave Umahi, has ordered the immediate reopening of the Independence Bridge (Ahmadu Bello Way-Marina Bound) in Lagos to vehicular traffic.
    A statement by the Federal Controller of Works, Lagos, Engr. (Mrs.) O. I. Kesha, said, “This directive follows the earlier closure of the bridge for planned maintenance and rehabilitation works.
    “Efforts are currently ongoing to ensure palliative works are carried out on the already opened bridge to make it motorable.
    “The Ministry hereby express regret for the inconvenience caused to the motoring public by the closure and appealed for their understanding and cooperation.”
    The Federal Ministry of Works said the necessary repair works on the bridge would be carried out at a later time.

    ​  

    Bennett Oghifo Minister of Works, Senator Dave Umahi, has ordered the immediate reopening of the Independence Bridge (Ahmadu Bello Way-Marina Bound) in Lagos to vehicular traffic.A statement by the Federal

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    Niger Delta Group Hails Tinubu’s Appointment of Avuru as NNPCL Board Member, Declares Support for Ojulari

    Niger Delta Group Hails Tinubu’s Appointment of Avuru as NNPCL Board Member, Declares Support for Ojulari

    In what it described as a pivotal moment for the Nigerian oil industry, the Niger Delta Development Agenda (NDDA) has commended President Bola Ahmed Tinubu for appointing industry veteran and highly respected figure in the oil and gas sector, Austin Avuru as non-executive director of the Nigerian National Petroleum Company Limited (NNPCL) representing South-South.
    In a statement signed by its convener, Iteveh Nurudeen Ekpokpobe, he expressed his gratitude to President Tinubu for the appointment of the Isoko-born Avuru as a board member of NNPCL.
    “As an Isoko man, I commend the president for giving this consideration to the Isoko nation.
    “This new management we hope will help to even the marginalisation scale against the Isoko people and the Niger Delta region by extension,” the group said.
    Iteveh said “the appointment of Austin Avuru, a highly respected figure in the oil and gas sector who brings his extensive experience to the industry underscores President Tinubu’s commitment to assembling a team of seasoned professionals.
    “As a Pan-Niger Delta development pressure group, the Niger Delta Development Agenda also declares support for Bashir Ojulari, the new NNPCL GCEO”.
    The group stated that “with Ojulari’s appointment as the new GCEO, he is expected to use his extensive knowledge to direct and pilot NNPC by taking it to greater heights where it is expected to compete favorably well within the oil and gas sector across the world.
    “We believe that these changes are anticipated to provide NNPC with a fresh perspective and assist in advancing the nation’s energy goals”.

    ​  

    In what it described as a pivotal moment for the Nigerian oil industry, the Niger Delta Development Agenda (NDDA) has commended President Bola Ahmed Tinubu for appointing industry veteran and

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