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Warner Bros loses nearly 2m subscribers after rebrand
News Tech

Warner Bros loses nearly 2m subscribers after rebrand

Warner Bros. Discovery has disclosed on Thursday that the platform has 1.8 million streaming subscriptions across HBO, Discovery+, and its new integrated streaming service Max. Customers with overlapping accounts (Max and Discovery+) likely got rid of extra subscriptions, which is why there was a reduction in subscribers. Analysts and WBD both foresaw streaming churn. “The […]

GSK to halt operations, exit Nigeria
featured News Tech

GSK to halt operations, exit Nigeria

GlaxoSmithKline Consumer Nigeria PLC has been notified by GSK UK Group of its strategic plan to stop selling its prescription drugs and vaccines in Nigeria. The company released this information via a formal statement that was sent to the Nigeria Exchange Limited and was signed by the company secretary, Frederick Ichekwai. The company stated in […]

Apple explores using 3D printers to create smartwatches
News Tech

Russia fines Apple for not removing ‘inaccurate information’

A Russian court has fined Apple 400,000 roubles ($4,274) on Thursday for failing to remove “inaccurate” information regarding what Russia refers to as a “special military operation” in Ukraine. According to the TASS news agency, this was the first time Apple had received a fine for such an infraction. Long-running disagreements between Russia and Big […]

NIMASA, Sternula collaborate on vessel communication
Business

NIMASA moves mobile floating dock to NPA’s Continental Shipyard

The Nigerian Maritime Administration and Safety Agency, has taken over areas at the Continental Shipyard that the Nigerian Ports Authority had leased to it for the purpose of running the modular floating dock. According to Vanguard, the sites comprise but are not restricted to, the dolphin jetty, the waterfront of the jetty adjoining the slipway, an […]

N130bn Sukuk listed on NGX, FMDQ - DMO
Business

N130bn Sukuk listed on NGX, FMDQ – DMO

The Presidency’s Debt Management Office announced the listing of N130 billion in sovereign sukuk on the Nigerian Exchange and FMDQ on August 8, 2023. This information was provided in a statement from the debt management office. The successful oversubscription of the N100 billion launched in November 2022 led to the listing of this security. This […]

IFRS17: AXA Mansard revenue rise by 12%
Business

IFRS17: AXA Mansard revenue rise by 12%

Due to the implementation of the IFRS17 and IFRS9 accounting standards, AXA Mansard Insurance plc, a part of the AXA Group, reported a 12% increase in revenue for the second quarter ended June 30, 2023. A new accounting standard was implemented on January 1, 2023. As a result of the change in accounting standards, gross earned […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
News

NCC confirms MAFAB 5G launch, debunks contrary reports

The Nigerian Communications Commission has stated that MAFAB Communications, its second 5G licensee, has rolled out 5G service, in contrast to allegations that the company has not launched 2 years after it was granted a license. Stakeholders are worried that the company, which had a media launch in January this year, has not been able […]

Aradel Holdings, two others increase NASD OTC bourse by 1.13%
Business

NASD OTC bourse rises by 4.27% to N1.12 trn

The market capitalization of the NASD Over-the-Counter Securities Exchange increased by 4.27 percent on Wednesday, August 2, reaching a record high. According to Business Post, the NASD OTC bourse’s value surged during the session by N45.88 billion to N1.120 trillion from N1.074 trillion the previous day as the NASD unlisted securities index increased by 33.17 points to […]

Hacker group Anonymous Sudan hits Nigeria with cyberattacks
News Tech

Hacker group Anonymous Sudan hits Nigeria with cyberattacks

The well-known hacktivist collective Anonymous Sudan has taken notice of Nigeria’s recent engagement in the political crisis in nearby Niger. The organisation has admitted that it was behind a string of Distributed Denial of Service (DDoS) assaults on the nation’s digital infrastructure. The National Information Technology Development Agency (NITDA), a government organisation, verified this claim. […]

X: How verified Twitter users can hide blue tick
Tech

X: How verified Twitter users can hide blue tick

Following the evolution of X, formerly Twitter’s features, users can now exercise greater control over their profile visibility by concealing the iconic blue verification tick. Exclusive to Twitter Blue subscribers, this new option enables individuals to manage the presence of the blue checkmark on their profile and posts. By following a few simple steps, users […]

10 things to know about capital market investment
Economy

Stock market gains N41bn – Report

By Christian George     The stock market recovered on Wednesday with a N41 billion gain after five uninterrupted sessions of losses.   The overall capitalization rose by N41 billion on investor interests in NASCON Allied Industries and 30 others.   The All-Share Index gained 75.16 points, representing a gain of 0.12 per cent to […]

Laptop dealers struggle amidst high costs, low demand
Business

India bans foreign importation of laptops, tablets

In the bid to bolster local manufacturing, the Indian government has swiftly imposed restrictions on imports of laptops, tablets, and personal computers, as announced in a notice on Thursday. This move signifies a resolute effort to stimulate domestic production, with the notice stating, “Their import would be allowed against a valid license for restricted imports.” […]