Netflix co-founder Reed Hastings donates $1.1bn to charity
Netflix's co-founder and executive chair, Reed Hastings, has made a remarkable philanthropic move by donating 2 million Netflix shares, valued at over $1.1 billion at the current market price, to…
Geregu Power reports 110% rise in profit
A major player in Nigeria's energy sector, Geregu Power Plc, has reported a staggering 110% increase in operating profit in its just issued 2023 audited financial statement. According to Nairametrics, this enormous…
X lifts search ban on Taylor Swift
Social media company X reversed the ban on searches for Taylor Swift on Monday evening, which had been implemented after fake sexually-explicit images of the pop singer circulated on the…
MTN Nigeria CEO advocates local assembly to lower smartphone costs
The Chief Executive Officer of MTN Nigeria, Karl Toriola, has emphasized the high cost of mobile phones as a barrier to digital inclusion in Nigeria. Toriola mentioned this during a recent interview…
Italy accuses OpenAI of data breaches
Italy's data protection authority, Garante, informed OpenAI on Monday that its ChatGPT artificial intelligence chatbot application violates data protection rules. Garante, known for its proactive stance in evaluating AI platform…
Pension funds climb by 22% to N18tn – NAICOM
The total assets under the Contributory Pension Scheme hit N18.36 trillion by the end of 2023, according to National Pension Commission data. The PUNCH reported that PenCom's unaudited report on…
Naira drops to all-time low on official window, trades at 1348/$
The naira hit an all-time low of N1348.63 per dollar on the Nigerian Autonomous Foreign Exchange Market on Monday. The PUNCH reported that according to data from the FMDQ Securities…
OPay launches security features to secure clients’ funds
Nigerian financial technology company, OPay, has introduced a number of security measures to combat financial fraud. The PUNCH reported that according to the corporation, the program aimed to improve platform security…
Amazon pulls out of iRobot acquisition
Alex Omenye Amazon's attempt to acquire iRobot, the renowned robotic vacuum manufacturer, has come to an end due to challenges faced with European regulators. Both companies have decided to mutually…
Linktree adds new features for users
Alex Omenye Linktree, the link-in-bio platform, on Monday, unveiled new features, including link scheduling, archiving, and automated retrieval of the latest videos from YouTube and TikTok. Users can now schedule…
CBN releases additional $500m to clear FX backlog
The Central Bank of Nigeria has granted an additional $500 million to get rid of the verified FX backlog. According to The Times, the Acting Director of the apex bank's Corporate…
Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Nigeria's top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9 billion, up 43.4% from N22.9 billion in Financial…
