Repositioning In View At TCN As FG Sacks Usman, Appoints Abdul Aziz

Hamilton Nwosa
Writer

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Cuts to US oil jobs and spending threaten output growth

The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in a generation, in what could mark the end of the rapid output growth that made the U.S. the world's top producer. The Organization of the Petroleum Exporting Countries and its…

‘Godfather of AI’ says the technology will create massive unemployment and send profits soaring — ‘that is the capitalist system’

Pioneering computer scientist Geoffrey Hinton, whose work has earned him a Nobel Prize and the moniker “godfather of AI,” said artificial intelligence will spark a surge in unemployment and profits. In a wide-ranging interview with the Financial Times, the former Google scientist cleared the air about why he left the tech giant, raised alarms on potential threats from AI,…

News Corp Announces Resolution of Murdoch Family Trust Matter

News Corporation ("News Corp" or the "Company") (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) today announced that the trustee and beneficiaries of the Murdoch Family Trust ("MFT") informed the Company that they have reached a mutual resolution of the legal proceedings in Nevada related to the MFT, resulting in the termination of all litigation. New trusts…

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Usman Gur Mohammed has been relieved of his appointment as the managing director of the Transmission Company of Nigeria (TCN).

Mohammed Sale, minister of power, approved of his sack on Tuesday, appointing Sule Abdulaziz to replace him in acting capacity as part of ongoing efforts to reposition the ailing power sector in the country.

“As part of continuing measures to reposition and improve the performance of the power Sector in the country, the Honorable Minister of Power Engr. Sale Mamman hereby announces major changes at the Transmission Company of Nigeria,” Aaron Artimas, spokesman of the minister, said in a statement.

“Accordingly, the Managing Director of the TCN, Usman Gur Mohammed has been removed from office with immediate effect. He is being replaced with Engr. Sule Ahmed Abdulaziz, as Managing Director, in acting capacity.

“The Honorable Minister has also confirmed the appointment of four directors who have been on acting position in the Company for some time.”

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Unlocking Opportunities in the Gulf of Guinea during UNGA80
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