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Tony Elumelu to give speech at ECOWAS forum
News

Why Africa must play key role in climate advocacy – Elumelu

The Founder, The Tony Elumelu Foundation and Group. Chairman, United Bank of Africa, Tony Elumelu, has stated that Africa needs to be a significant player in international climate discussions. He revealed this to former US Secretary of State Hillary Clinton during a discussion about “Taking Action Together for the Most Vulnerable on the Climate-Health Nexus” at […]

FG, Commonwealth discuss deep sea mining
Business

FG, Commonwealth discuss deep sea mining

The Minister of Solid Minerals Development, Dr. Oladele Alake, has brought a high-level delegation to discuss mineral development issues with the Commonwealth Secretariat. The Punch reported that according to a statement, the calculated action was taken to strengthen Nigeria’s standing in the world’s solid minerals market. Alake’s pledge to secure international backing sparked the talks, which […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
featured

Oil revenue grows 83%, hits N8.5tn – Report

Nigeria’s revenue from crude oil increased by 83.23 per cent to N8.54 trillion during the reviewed quarter. The total amount of crude oil sold in the third quarter of 2022 was N4.66 trillion. The Punch reported that Nigeria’s foreign trade increased to N 18.80tn in the third quarter of 2023, up 53.16 per cent year […]

TikTok launches feature for quality sleep amid lawsuits
News Tech

TikTok expands Ticketmaster integration to 20 countries

TikTok has extended the partnership with Ticketmaster to more than 20 countries in North America, Europe, Australia and the UK. According to TikTok, only artists who have been formally certified by the platform are eligible to use the technology which has a straightforward functionality. In a video, the artist incorporates a link to a pertinent […]

Stakeholders promote investments in Nigerian Tech Talents at Tekifest’23
Business

Stakeholders promote investments in Nigerian Tech Talents at Tekifest’23

Tech industry stakeholders have pushed for increased funding to support the education of young Nigerians in digital technology. The Times reported that top panelists and speakers at Tekifest’23, a gathering of tech enthusiasts focused on examining the future of work, technology, innovation, and tech excellence, made this call on November 29 at The Zone, Gbagada […]

Verizon packages Netflix, Max plans for users
News Tech

Verizon packages Netflix, Max plans for users

Verizon Communications on Monday, said that it would package streaming subscriptions to Netflix and the Max platform, which is owned by Warner Bros. Discovery, for its subscribers. Starting on Thursday, Verizon “myPlan” customers can choose to subscribe to the ad-supported Netflix and Max plans for a total of $10 per month. This is the newest […]

Twilio to lay 5% workforce in 2024
News Tech

Twilio to lay 5% workforce in 2024

Cloud communications platform Twilio Inc. announced on Monday that it will lay off 295 employees, or approximately 5% of its whole staff, by the first quarter of 2024. The company disclosed that this is in a move to achieve profitable growth, The reorganization is expected to cost the corporation between $25 and $35 million in […]

Afreximbank president named Forbes Africa's Person of the Year
Business

Afreximbank president named Forbes Africa’s Person of the Year

The President of the African Export-Import Bank, Prof. Benedict Oramah, has been named a FORBES AFRICA magazine 2023 Person. The Times reported that this happened during an award ceremony in Cairo, Egypt, according to a statement. At the award ceremony, Prof. Oramah was revealed as the cover personality for FORBES AFRICA’s December 2023/January 2024 edition. The Managing […]

Spotify shares slide to 7% despite subscriber rise
Business

Spotify to fire 1500 employees over economic hardship

Music streaming service, Spotify, plans to lay off roughly 17% of its global workforce in a subsequent round of layoffs due to the slowing economy. The Times reported that this number, according to the streamer’s CEO, Mr. Daniel Ek, corresponds to about 1,500 of its 9,000 employees. Although the Swedish company Spotify stated earlier in January that […]

Nigerian Exchange ahead in Africa with 33.70% gain
Economy

Naira drops 11.4% to N927/$1 on official market

The Nigerian Autonomous Foreign Exchange Market, the official FX window, saw a 11.4 per cent depreciation of the Naira against the Dollar on Friday, December 1, closing at N927.19/$1, from Thursday’s exchange rate of N832.32/$1. This depreciation put the Naira on the back burner for the first trading session of the final month of 2023. […]

Providus Bank introduces dual-purpose card for SMEs
Banking

Providus Bank introduces dual-purpose card for SMEs

Providus Bank Limited has announced a collaboration with MasterCard to launch an innovative payment solution for business customers, allowing for seamless transactions for both payment and collection. According to The Punch, the Bank’s Managing Director, Mr. Walter Akpani, emphasized the organization’s dedication to innovation during his speech at the launch of the new solution known […]

Meta tests in-house AI chip to reduce reliance on Nvidia
Uncategorized

Spanish media sites sue Meta over unfair competition

Spanish media sites announced on Monday that it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta, citing unfair competition in the advertising business, a consortium representing 83. The AMI newspaper publishing organization said in a statement on Monday that it filed the action in a commercial court on Friday. The […]