Blog

EU antitrust boss warns Apple, Meta over new fees
News

EU antitrust boss warns Apple, Meta over new fees

EU antitrust chief Margrethe Vestager cautioned Apple and Meta on Tuesday regarding their new service fees, suggesting that such fees could impede users from benefiting fully from the Digital Markets Act, designed to enhance consumer choice. Apple’s recent fee adjustments, announced in January to comply with EU tech regulations, have drawn scrutiny, particularly the introduction […]

Biden moves to blacklist Huawei chips in US
News

Biden moves to blacklist Huawei chips in US

President Biden’s administration is contemplating the blacklisting of several Chinese semiconductor companies associated with Huawei Technologies Bloomberg News reported on Wednesday. Among the firms under consideration for blacklisting are chipmakers Qingdao Si’En, SwaySure, and Shenzhen Pensun Technology Co. Additionally, U.S. officials are deliberating over potential sanctions on memory chipmaker ChangXin Memory Technologies Inc. If implemented, […]

Apple CEO Tim Cook visits China amid iPhone sales decline
News

Apple CEO Tim Cook visits China amid iPhone sales decline

Apple CEO Tim Cook praised China’s significance in the company’s supply chain during his meeting with suppliers, including BYD Electronics, as reported by local media on Wednesday. This visit coincides with a decline in China sales for the iPhone manufacturer. In a Weibo post, Cook shared his morning experience strolling along Shanghai’s historic Bund river […]

Google to revises app rules after EU charges over market abuse
News

French watchdog fines Google ÂŁ250m over copyrights infringement

France’s competition watchdog announced on Wednesday that it had imposed a fine of 250 million euros ($271.73 million) on Alphabet’s Google for violating EU intellectual property regulations in its dealings with media publishers, citing concerns related to the company’s AI technology. According to the watchdog, Google’s AI-powered chatbot Bard, which has since been rebranded as […]

China launches satellite for vital moon mission communication
News

China launches satellite for vital moon mission communication

China on Wednesday initiated the launch of a satellite aimed at serving as a crucial communications link between ground operations on Earth and an upcoming mission on the far side of the moon State media reported that a Long March 8 rocket, carrying the 1.2-metric ton Queqiao-2 satellite, named after a mythological bridge formed of […]

Senate increases FCT’s budget to N1.282trn
News

Senate increases FCT’s budget to N1.282trn

The Senate has given its approval for the 2024 Statutory Budget of the Federal Capital Territory (FCT), totaling N1.282 trillion, marking an increase of N135 billion from the initial proposal put forward by the Ministry of FCT. This endorsement came following the assessment of the joint report from the Senate and House of Representatives Committees […]

AMCON’s new DG will improve debt recovery, says commentator
News

Senate confirms Alade as managing director AMCON

The Senate on Tuesday confirmed Gbenga Alade as the Managing Director of the Assets Management Company of Nigeria. This was revealed in a statement, by the Head of Corporate Communications Department of AMCON, Jude Nwauzor, noting that three other executive directors of the agency were also confirmed by the Senate, according to The Punch. Nwauzor, […]

CBN clears $64.44m forex backlog for airlines
News

Senate discovers new infractions on N30tn loans, summons CBN gov

The Senate Ad-hoc Committee probing how the N30tn Ways and Means loans were obtained from the Central Bank of Nigeria, and spent by the former President Muhammadu Buhari-led administration, says it has uncovered some infractions in the process of obtaining the overdraft. As a result, the Committee has decided to summon the Governor of the […]

Power crisis worsens as National grid collapses again
Electricity

Blackout hits Abuja, Kogi as power station collapses

Some residents of the Federal Capital Territory, Abuja, and some areas in Kogi State are currently experiencing power outages due to technical glitches. The Abuja Electricity Distribution Company is in charge of these two areas, according to The Punch. The Abuja Electricity Distribution Company informed its customers in Zamani Estate, Abacha Road Mararaba, Ruga Juli, […]

Banking

Parallex Bank opens Uyo branch

One of the newest commercial banks in Nigeria, Parallex Bank, has opened a new branch in Uyo, Akwa Ibom State. The bank, in a statement on Tuesday, said that the expansion to Uyo was a crucial moment in the institution’s mission to provide Nigerians with limitless banking experience, according to The Punch. The members of […]

News

Lagos partners stakeholders on zero carbon emissions

The Lagos State Government has concluded plans to partner with stakeholders to achieve Zero-Carbon Lagos by 2055. This was revealed during the inaugural stakeholders meeting organised by the Special Adviser on Climate Change and Circular Economy to the Lagos State Governor, Titilayo Oshodi, on Tuesday in Lagos. Commenting during the event, Lagos State Governor, Babajide […]