Blog

Elon Musk’s xAI in talks to raise $10bn at $75bn valuation
News Tech

X: Elon Musk lunches live video on Twitter

The CEO of Twitter, Elon Musk on Friday morning tested Twitter live to millions of his followers and users. The live video feature is the newest from the tech billionaire who has been introducing many features to the microblogging platform. A report from Semafor on Thursday stated that Elon Musk is planning to add a […]

Meta's Threads hits 175m monthly users amid challenges
News Tech

Threads daily usage drops 80% – Report

Threads, Meta’s Twitter counterpart, is having trouble retaining users as its daily active user count has decreased by roughly 45% since its launch according to reports. Threads became the fastest-growing app ever created when it surpassed 100 million users just a few days after its release. Within hours of its launch, Threads had more users […]

Discord to offer more games, apps inside chats
News Tech

Discord lays off 40 staff members

Chat application Discord has laid off over 40 workers, or about 4% of its staff, as part of business restructuring efforts, according to reports. Several former Discord workers shared the news of the layoffs on Twitter and LinkedIn. The company issued a statement to Business Insider confirming the situation and emphasising its commitment to long-term […]

NNPCL okays CNG usage for Nigerians
Oil and Gas

NNPCL okays CNG usage for Nigerians

The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the CNG deployment would be completed by the first quarter of 2024. He made this comment in a video that the NNPCL shared on important details that Nigerians should be aware of in light of the organization’s most recent deal with Nipco […]

Nigerian Breweries report N106bn loss
News

International Breweries warns Nigerians against irresponsible alcohol consumption

Participants in the Smart Drinking Roundtable Session of the 2023 International Breweries advised Nigerians to adopt appropriate drinking practices. The Punch reported that the event, which was recently held in Port Harcourt, had as its theme “Exploring Strategies to Promote Responsible Drinking Habits and Reduce the Negative Impact of Excessive Alcohol Consumption,” according to a statement […]

How manufactured goods imports gulp $6.7bn in six months – Report
Business

Why manufacturers should embrace data-driven pricing – Stakeholders

Manufacturers and service providers have been urged to adopt a data-driven pricing model in order to maintain their competitive edge and navigate the shifts in the new unpredictable world. The Punch reported that stakeholders said this at the NielsenIQ Breakfast Conference with the theme “Navigating the New World of Uncertainty” held recently in Lagos. The stakeholders believe […]

Nigerian Exchange ahead in Africa with 33.70% gain
featured

Naira crashes to N885/dollar in parallel market

The parallel market, often known as the black market, saw a new low for the Naira on Thursday of N885 per dollar. The dollar traded at N885/$1 on Thursday, down from N875/$1 on Wednesday as the foreign exchange market came to an end. This represents a 1.14 percent decline in the value of the naira. […]

Four consortia to repair deteriorated pipelines - NNPCL
Business

NNPCL, NIPCO partner to deliver CNG

The Nigerian National Petroleum Company Limited said on Thursday, August 3, via its Twitter account that it is collaborating with NIPCO Plc to distribute compressed natural gas to Nigerians. This information follows President Tinubu’s recent declaration that his administration would provide local governments and states with buses powered by compressed natural gas. The corporation made the […]

SpaceX’s Starlink hit 4m subscribers
News Tech

Starlink, ‘low-priority’ South Africa’s rift deepens

SpaceX’s satellite internet service, Starlink has classified South Africa as a low-priority area for a potential launch. This classification became necessary for Starlink as regulatory rift continue between the Elon Musk-led company and the South African government. SpaceX clarified the situation by claiming that it had a method for prioritising nations before a Starlink rollout. […]

Brave launches image, video search engine
News Tech

Brave launches image, video search engine

Privacy-focused search engine Brave launched its own image and video search engine. “We realize that the redirect option was not popular with some of our users, and thank them for their patience during this transition,” a blog post announcing Brave’s new feature reads. “This was a temporary decision to help users find results with minimum […]