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SpaceX completes acquisition of AI coding startup Cursor

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Global goods trade rises 12.5% to $13.7tn in H1

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Nigerians opt for slums over scarcity of affordable housing - Stakeholders
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Nigerians opt for slums over scarcity of affordable housing – Stakeholders

Onwubuke Melvin Stakeholders in the real estate industry have blamed the rising slums in the country on the shortage of affordable houses for the less privileged. The Executive Secretary of the Association of Housing Corporation of Nigeria, Toe Eniola, said citizens facing economic hardship were resorting to slums for shelter due to unaffordable rents or […]

Binance halts support for USDC stablecoin on Tron blockchain
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Binance halts support for USDC stablecoin on Tron blockchain

Binance announced on Monday its decision to discontinue support for deposits and withdrawals through the Tron blockchain network for a digital stablecoin pegged to the U.S. dollar. This move follows Boston-based crypto firm Circle’s recent decision to cease minting USDC tokens on Tron, a platform commonly utilized for stablecoin transfers. Stablecoins are digital assets engineered […]

FG demands applicants' NINs for trade grants
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FG demands applicants’ NINs for trade grants

Onwubuke Melvin The Ministry of Industry, Trade, and Investment has asked applicants for the Presidential Conditional Grant Scheme to provide their national identification numbers as part of the relevant requirements needed in order to qualify for a grant which will be used to mitigate the impact of recent Economic Reforms on businesses in the country. […]

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Detained Binance executive escapes from custody – Report

One of the Binance executives, Nadeem Anjarwalla detained in Nigeria over alleged tax evasion and other offenses, has reportedly escaped from lawful custody. According to Premium Times, Mr. Anjarwalla, 38, fled on Friday, March 22, from the Abuja guest house where he and his colleague were detained. Guards on duty allegedly escorted him to a […]

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FG to stop syringe imports, boost local production

The Honourable Minister of State for Health, Dr. Tunji Alausa, has called for an end to the importation of medical syringes into Nigeria in a move aimed at strengthening the nation’s economy and promoting local production. This was disclosed in a statement as seen on his X handle. Alausa, who visited the factory with the […]

5kg cooking gas price rises by N1000 on month - NBS
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5kg cooking gas price rises by N1000 on month – NBS

In February 2024, the cost of refilling a 5kg cylinder of Liquefied Petroleum Gas surged to N6,154.50, marking a 19.75% increase from January 2023’s price of N5,139.25. Year-on-year, there was a significant surge of 33.78% from February 2023’s price of N4,600.57. In a state-by-state analysis, Lagos recorded the highest average cost for refilling a 5kg […]

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Lagos clarifies Uber data-sharing agreement, sanctions

The Lagos State Government has issued a clarification regarding the recently established data-sharing agreement with e-hailing services operating within the state. This follows the misinformation that has arisen since the government announced its intention to impose sanctions on Uber for allegedly failing to comply with the Initiative, according to Nairametrics. The Lagos State Commissioner for […]

Russia blocks Telegram in two regions over security concerns
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Spanish court orders temporary suspension of Telegram services

Spain’s High Court has issued an order to suspend the messaging app Telegram’s services within the country following complaints from media companies regarding unauthorized content uploads by users, as per a court source. Effective from Monday, the use of Telegram in Spain will undergo a temporary suspension following requests from media entities such as Atresmedia, […]

Singapore introduces codes to aid tech job applications
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Singapore introduces codes to aid tech job applications

Singapore has recently introduced new occupational codes tailored to meet the increasing demand for talent in Information Technology and sustainability (Green economy) fields globally. These roles include cyber incident investigation specialist, threat analysis specialist, ICT product manager, artificial intelligence applied researcher, AI/machine learning engineer, and development operations engineer, and they are open to foreign talent, […]

Import duty suspension on food items to stop November - Minister
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Staple food prices increases by over 10% in February- NBS

Major staple food prices across Nigeria saw double-digit increases month-on-month, according to the latest food price watch by the National Bureau of Statistics. The Nigerian Bureau Of Statistics Food Price Watch reported significant spikes in the prices of staple foods such as Garri, Rice, Beans, Beef, and Bread, with increases ranging from 10% to as […]

Bitcoin demand hits two-year high Argentina amid local currency crash
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Bitcoin demand hits two-year high Argentina amid local currency crash

The surge in demand for Bitcoin in Argentina has reached its highest point in two years, driven by the continuous depreciation of the South American country’s local currency against the dollar. CoinTelegraph reports that over the past year, the Argentine peso has experienced a four-fold decline in value against the US dollar, dropping from 0.0049 […]

Energy

Chinese electric vehicle threatens global automotive industry

A small electric vehicle is having a big impact on the global automotive industry. It isn’t the EV itself that is creating a sensation, but its price and potential to disrupt domestic automotive industries around the world. The China-built BYD Seagull, a small all-electric hatchback, starts at just less than $10,000 and reportedly banks a […]

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