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Firms expect borrowing costs to ease in coming months

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Sale of China iPhone plunge as Huawei's popularity rises
News Tech

France bans sale of iPhone 12 over high radiation

France’s radiation agency has disclosed in a statement that the iPhone 12 violates radiation levels days after the launch of iPhone 15. The watchdog informed Apple of its findings and advised the business to temporarily suspend sales of the iPhone 12 and issue a remedy as soon as feasible. This is coming Just one day […]

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News Tech

Amazon launches AI tool for merchants

Amazon on Wednesday unveiled a new set of generative AI tools to make the process of making product listings easier for merchants. This new functionality, according to the retail giant, is intended to assist merchants in creating “captivating product descriptions, titles, and listing details.” Additionally, AI will allow sellers to update their current product descriptions […]

Dutch groups sue X over alleged data misuse
News Tech

Dutch groups sue X over alleged data misuse

A Dutch organisation served X, formerly known as Twitter, with a subpoena on Wednesday in a move that might eventually result in a class action lawsuit over the alleged misuse of user data. According to the Stichting Data Bescherming Nederland, it plans to seek compensation for persons whose data was illegally collected and sold improperly […]

Adobe to launch Photoshop for mobile users
News Tech

Adobe unveils AI features for public

Adobe on Wednesday made a number of generative artificial intelligence technologies available throughout its software after months of development. The foundation of Adobe’s subscription software business is its line of editing tools like Photoshop. The business has been gradually integrating new AI features, such the capacity to create images from text, into those programmes during […]

Meta introduces message summaries to WhatsApp
News Tech

Meta to expand WhatsApp Channels beyond 150 countries

Meta announced on Wednesday, that it would soon make WhatsApp Channels, a broadcast service that allows users to follow thought leaders, sports teams, and celebrities, available in more than 150 countries. The action is being taken as Meta works to strengthen engagement across all of its social media applications and establish them as key hubs […]

Apple teases major iOS redesign ahead of WWDC 2025
News Tech

Mixed reactions from China over iPhone 15 launch

China, Apple’s third-largest market, had mixed reviews of the iPhone 15 on Wednesday. While some internet users preferred Huawei’s new smartphone, many liked its speedier CPU and greater gaming skills. For the American tech giant, which on Tuesday announced its new iPhone series, China continues to be crucial. Due in part to U.S. export restrictions […]

Equity investors lose N1.5tn as bond yield rises
Banking

CBN instructs banks to keep foreign exchange revaluation profits

Banks are required by the Central Bank of Nigeria to set aside earnings from foreign exchange revaluation as a safety net against impending economic shocks. According to Vanguard, in this case, the regulator forbade banks from using foreign exchange revaluation gains to pay dividends or cover operating costs. This information was provided by the apex bank […]

Telegram expands crypto wallet access to users
News Tech

Telegram launches crypto wallet

Messaging platform, Telegram which boasts 800 million active users each month, is introducing a self-custodial cryptocurrency wallet. The move is intended to strengthen its position in the vibrant crypto community that has grown out of its chat platform and may help draw more people into the space. The Open Network Foundation, which was founded by […]

Foundation trains 150 Nigerian students on entrepreneurship
Business

Foundation trains 150 Nigerian students on entrepreneurship

The CONNAK Foundation has given 150 graduates entrepreneurial training in an effort to lower unemployment in the South-West region. The Punch reported that the participants came from the six states in the region for the one-week boot camp, which was held in Osogbo, Osun State. The trainees were instructed in various modules on financial management, […]

Managers to review FG's economic policies at NIM conference
Business

Managers to review FG’s economic policies at NIM conference

During the annual conference of the Nigerian Institute of Management (Chartered), managers throughout the nation will examine the economic policies of President Bola Tinubu’s administration. The Punch reported that the conference this year, which will be held on September 18, 2023, in Lagos, will have the theme “Managing Nigeria’s Path to Sustainable Economic Growth and Prosperity: […]

Risk managers urge professionals to uphold ethical standards
Business

Risk managers urge professionals to uphold ethical standards

The Chartered Risk Management Institute of Nigeria has urged risk professionals to maintain high ethical standards in their work. According to The Punch, this instruction was given by the President and Chairman of CRMI, Professor Ezekiel Oseni, during the weekend’s induction of new members. He advised the newly inducted to always act as worthy representatives […]

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