Blog

Australia fines Telegram $640K for delayed response on online safety
Tech

Russia’s Telegram outage sparks speculation amid sudden social media access

Telegram, the predominant messaging app in Russia, experienced a brief outage on Tuesday for reasons that remain unexplained. Coincidentally, during this period, several previously blocked social media applications, including Instagram and Facebook, became accessible in Russia. The monitoring centre for Russia’s public communications network reported a “massive failure” of Telegram, although the cause was not […]

CBN gov Cardoso vows crackdown on illicit funds via Binance
Economy

CBN gov Cardoso vows crackdown on illicit funds via Binance

The Governor of the Central Bank, Yemi Cardoso, has restated the government’s determination to monitor and put a stop to the illicit flow of funds impacting the economy through various entities. Addressing the Monetary Policy Committee meeting, Cardoso mentioned that the CBN is collaborating with the National Security Adviser and other security agencies to trace […]

HP acquires Humane’s assets for $116m, AI pin sales discontinued
Tech

Humane partners with South Korea’s SK Telecom for AI pin

AI startup, Humane has unveiled plans for its entry into the international market through a partnership with South Korean carrier SK Telecom. This announcement follows the delay in the shipping date of Humane’s Ai Pin device in the U.S. market, rescheduled from March to mid-April. Founded in 2017 by former Apple executives Bethany Bongiorno and […]

Apple to pledge $100bn to US manufacturing
Tech

Apple issues security warnings to iPhone, Macbook users

Apple security and management experts at Jamf have conducted a comprehensive analysis shedding light on why many users are inadequately prepared to confront the latest cybersecurity threats affecting Macs and iPhones. The examination of real-world user data has led Jamf researchers to issue a crucial security warning involving three actions that render users vulnerable to […]

Sony to lay off 900 PlayStation employees
Tech

Sony to lay off 900 PlayStation employees

Japan’s Sony announced on Tuesday that it will cut approximately 900 jobs at its PlayStation unit and close a studio in London. The job reductions will impact around 8% of the division’s workforce across regions spanning the Americas to Asia. This decision comes shortly after Sony revised the annual sales forecast for its PlayStation 5 […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Economy

CBN resumes sales of FX to BDC operators

The Central Bank of Nigeria has made a firm decision to close the growing exchange rate difference in an effort to address the enduring inefficiencies in the retail sector of Nigeria’s foreign currency market. According to The Times, the Director of Trade & Exchange Department, Dr. Hassan Mahmud, released a fresh circular on behalf of […]

Deloitte projects global upstream to generate $800bn
Business

Deloitte projects global upstream to generate $800bn

By Melvin Onwubuke Deloitte Consulting, a global consulting and related services firm, announced that the upstream of global oil and gas industry will generate up to $800 billion as a result of reassuring oil prices. This was disclosed in its 2024, oil and gas industry outlook report. In the statement, Deloitte emphasized that the energy […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Economy

CBN raises interest rate to 22.75%

The Central Bank of Nigeria on Tuesday, implemented the first increase in its benchmark interest rate, the Monetary Policy Rate, in eight months, setting it at 22.75 percent. Simultaneously, the Cash Reserve Ratio was raised to 45 percent. This move, noted as the highest ever Monetary Policy Committee rate, aims to absorb excess naira liquidity, […]

Meta's Threads hits 175m monthly users amid challenges
Tech

Threads adds bookmarking feature to app

Meta’s Threads is introducing a bookmarking feature aimed at allowing users to privately save posts for later reference without the need for a public “like.” Bookmarking has proven popular among former X users and individuals who consume a substantial amount of news. It enables users to curate a collection of links and posts for future […]

Lagos unveils plan to tax remote workers to generate N200bn
News

Lagos, Ghanaian firm collaborate on waste management

To improve the handling of solid and liquid waste in the state, the Lagos State Government has signed a Memorandum of Understanding with the renowned Ghanaian trash management company Jospong Group of Companies. According to The Times, by reducing downstream pressure, our cooperation intends to construct a Material Recovery Facility that will drastically reduce the […]

FG begins construction of 700km Lagos-Calabar highway
News

FG equips smallholder farmers with inputs

By Melvin Onwubuke   The Federal Ministry of Agriculture and Food Security in Partnership with Federal Ministry of Budget and National Planning, have equipped about 250 vulnerable, smallholder farmers in the FCT, Abuja with Agricultural inputs to enhance productivity, coupled with achieving food with nutrition security. This was disclosed during the training and empowerment of […]