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X to introduce video calls for verified users - Report
Business

Threads: Twitter can never be duplicated – CEO

Twitter CEO Linda Yaccarino has stated that while Twitter is “often imitated,” its community “can never be duplicated.” She made this statement after Mark Zuckerberg announced that 30 million users had joined the newly launched Threads app on just the first day.  He positioned the app as a “friendly” competitor to Twitter, which Elon Musk […]

Threads hits 30 million users
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Threads hits 30 million users

Meta’s newly launched Threads app garnered a staggering 30 million users on its very first day, according to Mark Zuckerberg, the company’s chief. Positioned as a “friendly” alternative to Twitter, Threads aims to attract disgruntled Twitter users following the platform’s acquisition by Elon Musk. Industry experts believe that Threads has the potential to entice users […]

UN issues policy paper to combat hate speech
Policy and Regulations

UN issues policy paper to combat hate speech

The United Nations Office on Genocide Prevention and Responsibility released a new policy paper on hate speech online on Wednesday. The News Agency of Nigeria reported that the paper, “Countering and Addressing Online Hate Speech: A Guide for Policy Makers and Practitioners” was created in collaboration with the Economic and Social Research Council Human Rights, Big Data, […]

Inflation causes decline in private sector productivity, employment - PMI
Banking

Stanbic IBTC Holdings names new Board of Directors

Stanbic IBTC Holdings Plc has announced the appointment of new board members to its holding company and its subsidiaries. This was revealed in an official statement to Nigeria Exchange Limited, where the CEO of Stanbic IBTC Holdings, Dr. Demola Sogunle, commented on the new appointments: “These appointments mark an important milestone in Stanbic IBTC’s flight plan […]

10 things to consider before buying a car
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10 things to consider before buying a car

Purchasing a car is an exciting milestone, but it’s also a significant financial commitment. Before you make a decision to buy a car, it’s crucial to consider several factors that will ensure you choose the right vehicle for your needs and budget. To help you navigate this process, AMBusiness has compiled a list of the […]

FAAN increases Abuja airport toll fare
Aviation

FAAN increases Abuja airport toll fare

        The Federal Airport Authority of Nigeria has introduced a revised toll fare tariff at the Nnamdi Azikiwe International Airport. The FAAN Management announced in a statement on Thursday in Abuja that the implementation of the new tariff will commence on July 17. As per the management’s announcement, the car fare will […]

China launches first open-source computer operating system
News Tech

China launches first open-source computer operating system

China has launched OpenKylin, its first domestic open-source desktop operating system, as the country intensifies attempts to reduce its reliance on American technology. China’s version of the open-source Linux operating system, which was made available on Wednesday and is based on the current version, was created by a group of about 4,000 developers and is […]

Nigeria has best return on investments, Tinubu tells Indian investors
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Tinubu suspends 5% telecom tax

President Bola Tinubu has signed four executive orders, including the suspension of the 5% excise tax on communications services and the rise of excise duty on domestically manufactured goods. The president’s special assistant on special tasks, communications, and strategy, Dele Alake, revealed, this to state house correspondents on Thursday. The telecom tax was part of the new […]

AMMBAN blames inflation for new PoS charges
News

AMMBAN blames inflation for new PoS charges

The Association of Mobile Money and Bank Agents in Nigeria, has cited the impact of rising inflation costs on agents AMMBAN claimed that the ‘cost to serve’ was the rationale for raising PoS transaction prices. This was confirmed on Wednesday in a press statement made in response to criticism of the increase in PoS transaction prices. […]

Lagos bans street traders from Eko, Babangida bridge, other areas
Policy and Regulations

Lagos bans street traders from Eko, Babangida bridge, other areas

The Lagos State Government has declared zero tolerance for street traders in Lagos state, particularly on the Third Mainland Bridge and Eko Bridge. This information was released in a press statement signed by the Permanent Secretary, Office of Environmental Services, Gaji Omobolaji Tajudeen, on Wednesday, July 5, 2023 as he read the riot act to street traders in Lagos state,  […]

Eastline Energy sues Conoil over $774,789 debt
Oil and Gas

Eastline Energy sues Conoil over $774,789 debt

Eastline Energy Resources Limited, an oil and gas servicing firm based in Port Harcourt, has filed a class action lawsuit against Conoil Producing Limited over a $774,789 debt. Nairametrics reported that the Nigerian National Petroleum Company Limited and members of the Conoil staff both received a letter dated June 14 that announced the intention to file a […]

WhatsApp: How to move chats, media to new device
News

WhatsApp: How to move chats, media to new device

Bid farewell to the hassle of transferring data to a new phone as WhatsApp users rejoice! The widely-used messaging app now offers a seamless solution to move your chat histories and media content to a new device, eliminating the need for third-party applications. Meta CEO, Mark Zuckerberg, proudly unveiled this new feature, highlighting that your […]