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African family businesses outperform global peers in growth

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African cocoa farmers demand $6000/tonne floor price

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FTX's Bankman-Fried denies witness tampering
Crypto

FTX’s Bankman-Fried denies witness tampering

The founder of the embattled FTX cryptocurrency exchange, Sam Bankman-Fried, has vehemently denied seeking to intimidate witnesses before his upcoming October fraud trial. Addressing US District Judge, Lewis Kaplan, Bankman-Fried dismissed accusations of attempting to sway the case by providing writings to a New York Times reporter regarding his former partner Caroline Ellison. Bankman-Fried’s lawyer, […]

China warns against geographic info data breaches
featured News Tech

Hackers crash bank operations in Italy

The Italian cyber security agency on Tuesday, reported that it had found evidence of hacking attacks on websites belonging to at least five banks. A spokesperson for the agency told Reuters that Intesa Sanpaolo, Monte dei Paschi di Siena, BPER Banca, FinecoBank, and Banca Popolare di Sondrio were among the targeted financial institutions. The agency […]

World Fintech Day: All you need to know about the fintech industry
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World Fintech Day: All you need to know about the fintech industry

In a world rapidly embracing digitalization, the financial technology (fintech) industry stands at the forefront of revolutionizing how we manage money, conduct transactions, and access financial services. On World Fintech Day, a global celebration of innovation and transformation in the financial sector, here’s all you need to know about the world of fintech and how […]

YouTube music to support subscribing to podcasts via RSS
News Tech

Youtube summarizes video with AI in latest test

YouTube is currently testing a new feature that uses AI to automatically create video summaries. The summaries have started to display on the watch and search pages, as mentioned on the support page, although they are currently only accessible for a small selection of English-language videos and viewers. According to the video platform, the AI-generated […]

Amazon launches general-purpose AI agent Nova Act
News Tech

Amazon breaks into healthcare with online clinic

Amazon has announced access to Amazon’s virtual healthcare platform, Amazon Clinic as the company ventures into health. “By creating a healthcare experience that is transparent and simple, we hope to make health care more accessible for all,” the chief medical officer and general manager at Amazon Clinic, Dr. Nworah Ayogu, said in a blog post. […]

FCMB raises ₦147.5bn in oversubscribed public offer
Business

FCMB Group records 148% growth H1 2023

FCMB Group Plc reported excellent results across all major metrics, with a 148% increase in profit before tax of N38.2 billion from January to June this year compared to N15.4 billion in the same period of 2022. Highlights from the diverse Group’s unaudited six-month results, which were made public on the Nigerian Exchange Limited floor, revealed […]

Imo-Abasi Jacob named Champion Breweries director, acting chair
Appointments

Imo-Abasi Jacob named Champion Breweries director, acting chair

Champion Breweries Plc has named Mr. Imo-Abasi Jacob as the new director and the new acting chairman of the company.  This information was provided in a formal statement sent to Nigeria Exchange Limited and signed by the company secretary, Chief Tosan Atle Aiboni. An excerpt from the official statement is provided below: “With effect from July 27, 2023, […]

Reddit launches AI-powered feature to compete with search engines
News

Reddit introduces features for logged out users

Alex Omenye Reddit is introducing a variety of features to its website for users who are not signed in. These features include better performance, a more useful search results page, better communities, and related post suggestions. The service provider claimed in a blog post on Monday that users are going to Reddit from various search […]

Meta launches AI voice translation on Facebook, Instagram
News Tech

Meta starts process to block news for users in Canada

Meta on Tuesday, said that it has started the process of blocking access to news on Facebook and Instagram for all Canadian users. “As we’ve always said, the law is brd on a fundamentally flawed premise. And, regrettably, the only way we can reasonably comply is to end news availability in Canada,” Andy Stone, Meta […]

Nigerian Exchange ahead in Africa with 33.70% gain
Economy

Nigeria loses $167.2m as naira falls to dollar in July

By Christian George     Nigeria’s external reserves witnessed a downward trend as the nation lost $167.2 million in July over the naira’s fall against the dollar.   The Central Bank of Nigeria’s figures on the movement of external reserves showed that the reserves, which ended June 30, 2023, at $34.12 billion, depreciated to $33.95 […]

US academy to train 120 women in entrepreneurship
News

Women own 40% of MSMEs in Nigeria – NBS

A recent study by Small Firm Diaries that was released by the National Bureau of Statistics has revealed that women hold 40% of Micro, Small, and Medium-Sized Enterprises in Nigeria. Only 12% of MSMEs are co-owned by men and women, according to the “Country Data Overview” study, while 48% are owned only by men. According […]

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