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Dunamis terminal denies responsibility for Ago palace gridlock

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New NIA chairman unveils blueprint for insurance sector

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Tinubu commissions 7km Abuja airport bypass road

Transportation

Police bust telecom data fraudsters, recover data worth ₦3.8bn

Scams

Account for gold reserve under your govt, Ex-APGA chieftain

Opinion

ChatGPT can be tricked to produce sexualised content –

Tech

Blog

Meta tests AI-suggested comments on Instagram for users
News Tech

Instagram launches feature to block unwanted DM requests

Instagram is introducing a new feature that will better safeguard users against unsolicited photos and videos in direct messages. After testing the function for a few weeks, Instagram will make it official on Thursday. Cindy Southworth, Head of Women’s Safety at Meta, stated through email, “We want people to feel confident and in control when […]

FG targets 6500 megawatts power generation in six months
Electricity

DisCos earn N247bn from customers – Report

Electricity distribution companies earned just N247.09 billion in income from the N359.38 billion billed to customers in the first quarter of 2023. This is in accordance with the Nigerian Electricity Regulatory Commission’s Q1 2023 Electricity Report. This resulted in a collection efficiency for the highlighted time period of 68.75%, as per the NERC report. The report also […]

Worldcoin reacts to Kenyan ban
News Tech

Worldcoin reacts to Kenyan ban

Worldcoin has stated that the coming is working to resume operations in Kenya after a ban on the project by the Kenyan government. The Kenya government on Wednesday suspended the activities of Worldcoin over security, privacy and data protection concerns. Worldcoin said in a statement to TechCrunch that it using the “pause” to formulate better […]

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. […]

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