Blog

X still offline in Brazil as company pays fine to wrong account
News Tech

X to cover legal fees of ‘unfairly treated’ users

Elon Musk has stated that X social media platform will cover the legal fees of a lawsuit on behalf of those who have suffered unfair treatment at the hands of employers as a result of something they posted or liked on the website formerly known as Twitter. “If you were unfairly treated by your employer […]

Transportation

NRC warns train passengers against fake online tickets

The Nigerian Railway Corporation has warned passengers traveling by rail between Lagos and Ibadan not to believe false reports that it was selling tickets online for the route. According to Vanguard, this was announced in a statement made by the Managing Director, NRC, on Saturday in Lagos. Okhiria advised people to always purchase their train tickets at the […]

Apple TV+ passes subscriber target thanks to Messi - CEO
News Tech

Apple TV+ passes subscriber target thanks to Messi – CEO

Apple CEO, Tom Cook has disclosed that the addition of star footballer Lionel Messi has helped the company grow its subscribers. Cook made this known in the quarterly earnings call held on Thursday where he disclosed that Apple TV+ had beaten its subscriber targets in the past three months ending July 1. He attributed some […]

US space firm Astra lays off 25% of workforce
News Tech

US space firm Astra lays off 25% of workforce

American space flight company, Astra has reduced its employment by 25% and shifting at least 50 engineers and manufacturing workers to concentrate on the development of spacecraft. According to Astra, the reallocation and layoffs will likely cause a delay in the testing of the Launch System 2.0 and the under-construction Rocket 4. The launch, sales, […]

Ericsson sued $170m over CEO's Iraq activities
Tech

Ericsson sued $170m over CEO’s Iraq activities

Swedish telecommunications giant, Ericsson, finds itself entangled in legal turmoil as thirty-seven shareholders collectively launch a lawsuit, seeking 1.8 billion Swedish crowns in compensation. Alleging that the company’s CEO’s revelations regarding Iraq-related activities triggered a downward spiral in stock value, these shareholders, including investment firms and pension funds, are uniting in coordinated legal action. CEO […]

Dating sites Tinder, Hinges sued for exploiting user addiction
News Tech

Tinder to use AI to pick dating profile photos

The parent company of Tinder, Match Group, revealed that it was piloting an AI-powered technology that would analyse images in a user’s photo album and choose five that best represented them online. Around one-third of Tinder users stated they would “absolutely” want to utilise generative AI when developing their dating profile, according to Tinder, which […]

Nigerian Exchange ahead in Africa with 33.70% gain
Economy

Naira rises 4.31% at investors, exporters window

The naira strengthened against the dollar on Friday, trading at N743.07 in the Investor’s and Exporters’ window. When compared to Thursday’s exchange rate of N776.50 for one US dollar, the Naira increased by 4.31 percent. On Friday, the open indicative rate reached a high of N782.28 to the dollar. Prior to settling at N743.07 during […]

Abuja light rail set for N5bn repairs - FG
Transportation

Abuja light rail set for N5bn repairs – FG

The Abuja Rail Mass Transit System, one of Nigeria’s only metro systems, will soon be upgraded, according to the Nigerian government. The Permanent Secretary FCTA, Mr. Olusade Adesola, announced the N5 billion contract on Friday. He further stated that China Civil Engineering Construction Corporation Ltd would complete the project in a year. The goal, according to Mr. Adesola, is to […]

Obi offers measures to prevent exit of multinational companies from Nigeria
Business

GSK: Nigeria’s poverty index getting worse, Peter Obi laments

The presidential candidate of the Labour Party in the 2023 election, Peter Obi, has expressed concern about GlaxoSmithKline’s impending departure from Nigeria after 51 years of operations. The Punch reported that this came after the business announced plans to stop producing vaccines and prescription drugs in the country. GlaxoSmithKline was incorporated in Nigeria in June 1971 and […]

Okada fares hit 258% in four years - NBS
Business

Okada fares hit 258% in four years – NBS

The average okada (motorcycle) fare increased by 258.2% between May 2019 and May 2023. This information was from the National Bureau of Statistics’ Transport Fare Watch which states that between May 2019 and May 2023, the average fare for okada rides increased from N129.69 to N464.55. The average fare paid on Okada transport in May 2023 was […]

Sterling Bank CEO acquires 50m additional shares
Banking

Sterling Bank CEO acquires 50m additional shares

The chief executive officer of Sterling Bank, Abubakar Suleiman, has bought N168 million for 50 million shares of Sterling Financial Holdings Company Plc. The Punch reported that this information was provided in a corporate notice on directors’ transactions that was submitted on Friday to the Nigerian Exchange Limited. Suleiman, a non-executive director of the HoldCo, purchased […]