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Meta scraps fact-checking program, introduces X-like community notes feature
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Meta moves to slash subscription fees on Facebook, Instagram

Meta has proposed a reduction in its monthly subscription fee for Facebook and Instagram, slashing it to 5.99 euros from 9.99 euros, as disclosed by a senior Meta executive on Tuesday. This move aims to address concerns raised by both privacy advocates and antitrust regulators. The decision comes amidst growing criticism from privacy activists and […]

Car financing start-up Moove raises $100m in Series B funding
Tech

Car financing start-up Moove raises $100m in Series B funding

A startup revolutionizing car financing for ride-hailing, Moove, has secured $100 million in its Series B funding round, reportedly spearheaded by Uber, TechCrunch reported. This investment comes on the heels of reports in February suggesting Uber’s interest in an equity stake in Moove. With this latest round, Moove’s total funding climbs to approximately $460 million, […]

Two Chinese charged for shipping US AI chips to China
News

Nvidia launches platform for 6G technology

Chipmaker Nvidia on Monday, unveiled an AI-powered software platform designed to facilitate research into 6G technology by simulating communications environments in the cloud. Anticipated to succeed 5G, the new communication standard, known as 6G, is projected to enter commercial use around 2030. This unveiling underscores the increasing integration of software and AI within the telecom […]

Marketers consider fuel price reduction as PH refinery begins operations
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Marketers consider fuel price reduction as PH refinery begins operations

Melvin Onwubuke The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced by the Port Harcourt Refining Company once the plant begins operations next month. In addition, IPMAN and MEMAN called on the […]

News

Telcos promise 100% voice, data service today

Melvin Onwubuke The Association of Licensed Telecommunications Operators of Nigeria has said voice and data services affected by the cut in the undersea fibre optics along the coasts of Cote d’Ivoire and Senegal will be completely restored on Tuesday (today). This was disclosed by the chairman of ALTON, Gbenga Adebayo on Monday, according to The […]

Firm unveil environment friendly air conditioners
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Firm unveil environment friendly air conditioners

Melvin Onwubuke   A home appliances brand, Lontor Hi-Tech Development Company Limited, has introduced its latest J-Series air conditioning system into the Nigerian market. According to the firm, the introduction of the J-Series, which includes the CTL-AC-JS09N, CTL-AC-JS12N, and CTL-AC-JS18N systems, is designed to provide the diverse needs of customers and as well as unequaled […]

Abia gets $125m from Islamic Bank for roads
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Abia gets $125m from Islamic Bank for roads

Melvin Onwubuke   The Islamic Development Bank has earmarked $125 million to facilitate the Abia State Integrated Infrastructure Development Project. According to the statement, the strategic initiative was part of a broader $225 million financing approved by the Islamic Bank to promote new development projects, according to nairametrics. The 354th meeting of the Board of […]

Internet usage drops in Nigeria after 50% tariff hike – NCC
News

Internet services restored five days after undersea cable cut – NCC

Melvin Onwubuke The Nigerian Communications Commission has announced that approximately 90% of voice and data services have been restored in Nigeria following disruptions caused by undersea cable cuts. This was disclosed in a statement signed by its Director of Public Affairs, Reuben Muoka on Monday. In the statement, the NCC provided an update on the […]

Bitcoin value is based on “thin air," Finance expert, Dave Ramsey
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Bitcoin value is based on “thin air,” Finance expert, Dave Ramsey

Personal finance guru Dave Ramsey has echoed Warren Buffet’s skepticism regarding the legitimacy of cryptocurrencies, particularly Bitcoin, suggesting that its value remains grounded in “thin air” despite its soaring price. During a recent episode of the Dave Ramsey Show, as reported by Bitcoin News, Ramsey addressed a question posed by an audience member from Connecticut […]

Meta tests in-house AI chip to reduce reliance on Nvidia
News

Turkey moves to curtail Meta over competition law violation

Turkey’s competition on Monday, the authority implemented an interim measure targeting Meta Platforms Inc. This measure aims to impede data sharing between the Instagram and Threads platforms while the authority conducts an investigation into potential abuse of Meta’s dominant market position. Initiated in December, the investigation scrutinizes Meta, the parent company of Facebook, over potential […]

News

Deloitte considers biggest restructuring in 10 years – Report

Deloitte has commenced the most extensive reorganisation of its global operations in a decade, driven by the need to cut down on expenses and simplify organizational structure amidst projections of a market downturn. Deloitte’s main business units will be cut to four — audit and assurance; strategy, risk, and transactions; technology and transformation; and tax […]