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NITDA urges regulatory collaboration to support emerging technologies

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NIS deploys passport intervention team to UK

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NITDA urges regulatory collaboration to support emerging technologies

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Reps move to reform aviation laws, propose new revenue-sharing

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What else is deep apart from your dimples?
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Apple appeals US ban on watches

Apple on Tuesday, filed an appeal against a ruling that prohibits the import of its watches, prompted by a complaint from medical monitoring technology company Masimo. The decision comes after the Biden administration opted not to veto the ruling made by a government tribunal. “We strongly disagree with the USITC decision and resulting exclusion order, […]

Business email hack rises by 1,760% in 2023 – Report
News Tech

Hackers stole $2 billion in crypto in 2023 – Report

A 2023 report has revealed that cybercriminals successfully stole around $2 billion in cryptocurrencies through various cyberattacks. According to the report by De.FI, the security firm overseeing the REKT database, this year underscores the existing vulnerabilities in the cryptocurrency space and the ongoing efforts being undertaken to mitigate these risks. “This amount, though dispersed across […]

Nigeria's external reserves dip by $4.28bn in 2023 - Report
Business

Nigeria’s external reserves dip by $4.28bn in 2023 – Report

Nigeria’s external reserves have been reduced by 11.55 percent ($4.28 billion) year to date, as the naira continues to plummet against the dollar in 2023. BusinessDay reported that the external reserves, the apex bank’s pool of foreign assets, fell to $33,78 billion as of December 20, 2023, from $37.06 billion on January 3, 2023, according […]

Global financial institutions slash 60,000 jobs in 2023 - Report
Business

Global financial institutions slash 60,000 jobs in 2023 – Report

Global financial institutions reduced their workforce by around 60,000 people in 2023. The Times reported that this is one of the most significant personnel reductions since the 2008 global financial crisis, and it reflects a significant reversal of the aggressive recruiting sprees seen during the epidemic recovery. Investment banks, the engine of Wall Street dealmaking, […]

Netizens react as Lagosians storm Tinubu's home for Christmas
News

Netizens react as Lagosians storm Tinubu’s home for Christmas

Some Lagosians have surrounded President Bola Ahmed Tinubu’s residence in Ikoyi, Lagos State, for Christmas. According to a video shared by BusinessDay, many Nigerians were captured sitting and standing in front of Tinubu’s residence. This happened at a time when people are struggling financially coupled with the hike in price of foods this holiday season. The video […]

Apple halts sale of smartwatches in US
News Tech

Apple halts sale of smartwatches in US

Apple has ceased sales of its latest Apple Watch models in the United States following President Joe Biden’s decision not to enact an emergency measure to allow the continued sale of the popular smartwatch. The decision came as President Biden did not act by the end of Christmas Day to overturn a ruling by the […]

Libya's stock exchange resumes trading after nine-year closure
Business

Libya’s stock exchange resumes trading after nine-year closure

Libya’s Stock Exchange started trading on Monday at a facility in the capital Tripoli, after being closed for more than nine years due to the political and security situation. Arise News reported that the he prime minister of the Government of National Unity, Abdulhamid al-Dbeibah, and the market’s chairman of the board of directors, Bashir […]

Emefiele: Titan Bank chairman, others summoned by CBN investigator
Banking News

Emefiele: Titan Bank chairman, others summoned by CBN investigator

The Special Investigator from the Central Bank of Nigeria, Jim Obazee, has summoned the chairman of Titan Trust Bank, Babatunde Lemo, for an inquiry related to TTB’s acquisition of Union Bank of Nigeria Plc. “Please, refer to your discussion with the Special Investigator earlier today regarding the offensive defence that your good self issued in […]

Ethiopia defaults on $1bn bond repayment
Business News

Ethiopia defaults on $1bn bond repayment

Ethiopia has defaulted on a $1 billion bond, failing to make a $33 million interest payment after the expiry of a grace period on Monday. Situated in the Horn of Africa, the country was due to pay this interest amount on December 11. However, as Finance Minister Ahmed Shide explained on state TV on Thursday, […]

'Russia's Google' Yandex delays restructuring to 2024
News Tech

‘Russia’s Google’ Yandex delays restructuring to 2024

The anticipated restructuring of Yandex, a Nasdaq-listed Russian technology company often dubbed “Russia’s Google,” is likely to be delayed until early 2024, Reuters reported. Yandex, a standout among Russian corporations with its potential for global expansion, faced significant challenges following Russia’s military action in Ukraine in February 2022. For over a year, Yandex has been […]

Travel agencies back FCCPC investigation into excessive airfares
Aviation

Travel agencies back FCCPC investigation into excessive airfares

The President of the National Association of Nigeria Travel Agencies, Mrs. Susan Akporiaye, has welcomed the announcement by the Federal Competition and Consumer Protection Commission to probe Nigeria’s ballooning airfare regime. Arise News reported that the NANTA leadership claimed in a statement that in recent times, and in response to the complaints of the Nigerian travelling […]

Loan apps: FCCPC to address rising debt with new policy
Business featured

Loan apps: FCCPC to address rising debt with new policy

The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework to address Nigerians’ growing reliance on digital money lenders, often known as loan apps. The Commission’s Chief Executive Officer, Mr. Babatunde Irukera, revealed this on Monday while appearing on a TVC live program. Irukera stated that debt to DMLs has become […]

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