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Spanish Court upholds temporary ban on Worldcoin's iris-scanning project
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Spanish Court upholds temporary ban on Worldcoin’s iris-scanning project

Spain’s High Court on Monday, upheld the temporary suspension of Worldcoin’s iris scanning, dealing a further blow to a scheme that has raised privacy concerns across many countries. The court rejected the proprietors of Worldcoin’s appeal, ruling that the “safeguarding of the public interest” must take precedence. Worldcoin, which was co-founded in 2019 by OpenAI […]

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Nigeria’s oil export revenue surges to N29bn

Melvin onwubuke   Nigeria’s total oil export revenue reached N29 billion in 2023, which was a 37 per cent increase from the amount of N21.1 billion achieved last year. This is contained in the recently released foreign trade report by the National Bureau of Statistics. Further analysis showed that 80.64% of the exports recorded in […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Bitcoin becomes 8th largest global financial asset

Melvin Onwubuke Bitcoin has now overtaken silver, the second most valuable commodity in terms of value, according to Company Market Cap. In the list of the top ten financial assets, bitcoin is now the 8th largest financial asset, beating Silver and Facebook Meta. As the Bitcoin bull run continues, reaching a new all-time peak of […]

US seizes servers, $1M in Bitcoin from Russian ransomware gang
News

Bitcoin rises above $71,000

Bitcoin on Monday, reached an all-time high, surpassing $71,000, indicating a relentless surge in the value of the leading cryptocurrency. The Financial Conduct Authority in the UK joined other regulators in allowing recognized investment exchanges to introduce crypto-backed exchange-traded notes. During European trading, Bitcoin experienced a 4.8% increase, hitting a historic peak of $71,677 and […]

Nigerians search to 'sell bitcoin' after Binance exit — Google
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Nigerians search to ‘sell bitcoin’ after Binance exit — Google

A large number of Nigerians are looking to “sell bitcoin,” according to a recent Google Search Trends survey. According to the data, the number of people searching for “sell bitcoin” has increased by an astounding 376% worldwide. Nigeria is ranked first on the list. The licensing of spot Bitcoin Exchange-Traded Funds by US authorities has […]

How Nigerian innovator revolutionizes power with wind turbine generator
Energy featured

How Nigerian innovator revolutionizes power with wind turbine generator

A Nigerian Jamilu Muhammed in a bid to solve the epileptic power supply that has bedeviled Nigeria has invented a Wind Turbine Generator, an alternative power generation source, that powers the homes of poor Nigerians. “Wind turbine fit power AC, fridge, water pumping machine and anything else. Wind turbine is when there’s powerful wind, it […]

Uproar as Niger gov renames airport after Tinubu
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Uproar as Niger gov renames airport after Tinubu

Uproar as Niger gov renames airport after Tinubu Melvin Onwubuke Debates are raging in Nigeria over the naming of an international airport after the country’s President Bola Tinubu. The Minna Airport in the central state of Niger has been renamed Bola Ahmed Tinubu International Airport by the state Governor Umaru Bago after a decade of […]

FG unveils plan to revamp cooperative sector, targets $1trn economy
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External reserves rise to $993m – Report

Recent data released by the Central Bank of Nigeria reveals a significant increase in external reserves, surging by $993 million within a month and reaching an eight-month peak. As of March 7, 2024, the external reserves totaled $34,110,027,381, compared to the previous month’s figure of $33,116,051,881 recorded on February 8, 2024. Analysis of the data […]

xAI blames “unauthorized modification” for Grok’s repeated 'white genocide' responses
Tech

Elon Musk’s xAI to open-source chatbot Grok, rivals ChatGPT

Elon Musk’s AI startup, xAI, is set to open-source Grok, its chatbot that rivals ChatGPT, later this week. Grok was released by xAI last year, equipped with features such as access to “real-time” information and perspectives that challenge a “politically correct” approach. The service is currently available to customers subscribing to X’s $16 monthly plan. […]

Transcorp Power NGX listing expands investors’ portfolio
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Transcorp Power NGX listing expands investors’ portfolio

Transcorp Power has achieved a significant milestone by becoming the second Electric Power Generating company to be listed on the mainboard of the Nigerian Exchange Limited through Introduction. In this form of listing, the company doesn’t undergo the traditional book building, underwriting, or public offer process. Instead, existing outstanding shares are sold, with no creation […]

Kuda relaunches cross-border remittance with multi-currency wallet
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Kuda Business hits 100,000 customers milestone

Melvin Onwubuke Kuda Business, a division of Kuda Microfinance Bank, has attained 100,000 customers milestone on its platform, according to The Punch. According to Kuda, more than 100,000 freelancers and micro, small, and medium-sized enterprises in the country are supported by the business management and banking platform. Kuda, in 2022 launched an all-in-one business manager, […]

FG targets 6500 megawatts power generation in six months
News

TCN reports vandalism of transmission lines, fifth time since February

The Transmission Company of Nigeria has reported the vandalization of its Shiroro-Katampe 330kV transmission line for the fifth time since February, with the latest incident occurring around 9 am on Sunday. The General Manager of TCN, Ndidi Mbah, confirmed the destruction and noted that efforts are underway to mobilize repair works on the affected facility. […]