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Business

China cracks down on ‘ghost kitchens’ amid food safety concerns

China has introduced new rules requiring food delivery platforms to verify the licences and physical addresses of restaurants, as regulators move to clamp down on thousands of “ghost kitchens” linked to growing food safety concerns. “Ghost kitchens” are takeaway-only food vendors listed on delivery apps that operate without a physical storefront. Many have recently come […]

Tech

Anthropic files confidential IPO in US

Anthropic has confidentially filed for an initial public offering in the United States, the company said on Monday. The AI startup behind the Claude chatbot—widely used by software developers and enterprise customers, has experienced rapid growth this year. The company did not disclose its target valuation or the specific terms of the offering. However, it […]

Tech

Meta fixes vulnerability after reports of Instagram account hijackings

Instagram has resolved a security issue that allowed several users’ accounts to be compromised after attackers reportedly exploited Meta’s AI-powered support chatbot to gain unauthorized access. Over the weekend, multiple users on Reddit reported that their Instagram accounts had been hijacked, while similar warnings circulated on X (formerly Twitter) from other affected users describing unexpected […]

Tech

Launchpad repair after Blue Origin explosion will take ‘Serious Time’ – NASA

NASA Administrator Jared Isaacman said on Monday that it will “take some serious time” to restore a launchpad damaged during a recent Blue Origin rocket explosion, underscoring the scale of repairs needed following the incident. The explosion occurred on Thursday during a hot-fire test of Blue Origin’s New Glenn rocket at a United States Space […]

Telecommunications

ALTON commends FCCPC suspension of telecom lending rules

The Association of Licensed Telecommunications Operators of Nigeria has commended the Federal Competition and Consumer Protection Commission for halting the enforcement of the Digital, Electronic, Online, or Non-traditional Consumer Lending regulations on telecom operators, saying the decision strengthens regulatory clarity and boosts investor confidence in the industry. The development follows the gradual restoration of airtime […]

Business featured

NDPC hit by over 2,000 cyberattacks in one week

The National Commissioner and Chief Executive Officer of the Nigeria Data Protection Commission, Dr. Vincent Olatunji, has revealed that the agency’s service portal was targeted by more than 2,000 cyberattacks within a single week, underscoring the increasing cybersecurity risks confronting government institutions amid Nigeria’s ongoing digital transformation. Olatunji made the disclosure on Monday in Abuja […]

Business

NUPRC workers begin indefinite strike, shut offices nationwide

Workers of the Nigerian Upstream Petroleum Regulatory Commission commenced an indefinite nationwide strike on Monday over unresolved welfare concerns, leading to the closure of the commission’s offices across the country. Sources, however, indicated that operational personnel were exempted from the industrial action for now, pending the outcome of ongoing negotiations between the parties, according The […]

News

Tinubu to be honoured at presidential media dinner

The State House Press Corps has announced plans to host its inaugural Annual Dinner, tagged “The Presidential Press Corps Annual Dinner”, in a move aimed at strengthening engagement between the media and the highest levels of government. The development was disclosed in a statement signed and issued on Monday by the Chairman of the State […]

Banking

Supreme court clears Unity Bank, Providus merger

The Nigerian Supreme Court has approved the merger between Unity Bank and Providus Bank, removing the final legal hurdle to one of the most significant consolidations in the country’s banking industry. The decision effectively brings an end to a prolonged legal dispute that had stalled the plan to combine both institutions into a stronger and […]