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Twitch enhances filtering tools to block sexual, violent content from livestream
News Tech

Twitch exits South Korea over operational cost

Twitch, an Amazon streaming division, said on Tuesday that it will cease operations in South Korea in February of the next year due to excessive operational expenses and network fees. “Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in […]

Bolt launches dash cam safety feature for Nigerian drivers
featured

Bolt suspends over 5,000 drivers

The ride-hailing company, Bolt, has revealed that in the previous six months, it has suspended over 5,000 drivers for noncompliance and safety-related violations. The Punch reported that Bolt’s country manager, Yahaya Mohammed, made this announcement at a press conference held in Lagos recently. He stated that the company was stepping up safety protocols on its platform, paying particular […]

Instagram expands 'Limits' tool to protect teens from harassment
News Tech

Meta to end Messenger-Instagram chat integration

Meta has announced on its support page that the company will no longer support cross-app chatting between Messenger and Instagram from “mid-December 2023”. Three years after announcing the chat connection that lets users message friends on Instagram and contacts on Facebook using the same Messenger app, Meta is stopping this feature. With the feature, Instagram […]

Aleph Express launches online platform for MSMEs
Business

Aleph Express launches online platform for MSMEs

Aleph Group has introduced Aleph Express, a proprietary solution and application designed for micro, small, and medium-sized enterprises in Nigeria. The Times reported that according to a company statement, Aleph Express offers MSMEs a platform that lets them make and manage a free online store, develop a product catalogue, choose local delivery options, manage, track, and […]

Jumia CEO Massimiliano Spalazzi steps down
News Tech

Jumia CEO Massimiliano Spalazzi steps down

Jumia CEO Massimiliano Spalazzi will step down in December 2023, after serving as CEO of an e-commerce company for 11 years. The CEO of Jumia Ghana, Sunil Natraj, who was hired last year, will take over from Spalazzi, one of the company’s original staff members. Jumia Group CEO Francis Dufay made the announcement of Natraj’s […]

Veritas Kapital Assurance names Adaobi Nwakuche MD/CEO
Business

Veritas Kapital Assurance names Adaobi Nwakuche MD/CEO

The Board of Directors of Veritas Kapital Assurance Plc has announced the appointment of Adaobi Nwakuche as the company’s Managing Director and Chief Executive Officer. The Times reported that this was contained in the company’s notice to the investing public and Nigerian Exchange Limited. The appointment occurred after Mr. Kenneth Egbaran left the company as Managing […]

FX spot market reports $4.66bn turnover in October - Report
Business

FX spot market reports $4.66bn turnover in October – Report

The October 2023 spot foreign exchange market turnover was $4.66 billion (N3.66 trillion), a Month-on-Month decline of 14.96% ($0.82 billion) from the September 2023 turnover of $5.48 billion. The Times reported that this was stated in the FMDQ Markets Monthly Report for October. According to the report, the US dollar strengthened its position against the Naira […]

Budget: Reps to amend FRC Act
Business

Budget: Reps to amend FRC Act

The Speaker of the House of Representatives, Tajudeen Abbas, promised on Monday that the House is prepared to amend the Fiscal Responsibility Act in order to increase public involvement in the country’s budgetary process. The Punch reported that the speaker made this statement in Abuja during a town hall meeting for citizens about the 2024 budget […]

Bitmama acquires PayDay
Crypto News Tech

Bitmama acquires PayDay

Blockchain payments platform Bitmama Inc. has confirmed the acquisition of Payday, a virtual card service provider, marking a significant move in Nigeria’s fintech scene. This comes nine months after Payday raised $3 million in a seed round and three months after it acknowledged that the company was exploring sale alternatives. The transaction, which was made […]

Lagos, firm start tax awareness program among students
Business

Lagos, firm start tax awareness program among students

The Lagos Internal Revenue Service and DKK Nigeria have partnered to launch Tax Trybe, a tax education program. The Punch reported that a statement claimed that the program launched tax club activities with the goal of teaching secondary schools in Lagos comprehensive tax knowledge. Officials from the Lagos Internal Revenue Service and representatives from secondary schools in […]

NCC, Customs devise counterpiracy plan
Business

NCC, Customs devise counterpiracy plan

Nigerian Copyright Commission and the Nigerian Customs Service have decided to work together more closely to create fresh anti-piracy tactics that will foster innovation and strengthen the country’s creative economy. The Punch reported that according to a statement, the agreement was made recently at the NCS Headquarters during a courtesy visit between Comptroller-General of Customs, Bashir Adeniyi […]

Rockstar Games unveils 'GTA VI' trailer
News Tech

Rockstar Games unveils ‘GTA VI’ trailer

Rockstar Games, a division of Take-Two Interactive Software, finally unveiled a trailer for the newest game in its popular “Grand Theft Auto” videogame franchise on Monday. After a version was leaked on social media, the trailer for “GTA VI” was uploaded to the studio’s YouTube site. The movie is slated for release in 2025. Most […]