OPay launches security features to secure clients’ funds
Nigerian financial technology company, OPay, has introduced a number of security measures to combat financial fraud. The PUNCH reported that according to the corporation, the program aimed to improve platform security…
Amazon pulls out of iRobot acquisition
Alex Omenye Amazon's attempt to acquire iRobot, the renowned robotic vacuum manufacturer, has come to an end due to challenges faced with European regulators. Both companies have decided to mutually…
Linktree adds new features for users
Alex Omenye Linktree, the link-in-bio platform, on Monday, unveiled new features, including link scheduling, archiving, and automated retrieval of the latest videos from YouTube and TikTok. Users can now schedule…
CBN releases additional $500m to clear FX backlog
The Central Bank of Nigeria has granted an additional $500 million to get rid of the verified FX backlog. According to The Times, the Acting Director of the apex bank's Corporate…
Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Nigeria's top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9 billion, up 43.4% from N22.9 billion in Financial…
DataPro gives FSDH Merchant Bank an “A” rating
A credit rating agency in Nigeria, DataPro, has granted FSDH Merchant Bank Limited a long-term rating of "A" with a stable outlook for 2023/2024. The PUNCH reported that this was…
Access Holdings subsidiary purchases ARM Pensions
Access Pensions Limited, an Access Holdings affiliate, has purchased a majority share in ARM Pensions Managers Ltd. The PUNCH reported that a majority shareholder in Access Pension, Access Golf, got the…
X blocks search for Taylor Swift over deepfake pictures
In response to a recent surge in the dissemination of graphic AI-generated fakes featuring the globally renowned recording artist Taylor Swift, X has implemented measures to block searches for her…
Landwey: Couple demands N22m compensation over alleged contract breach
A Nigerian couple located in the United States is seeking N22 million in compensation from Landwey Investment Limited for a contract breach that resulted in a value degradation in the…
Elon Musk loses World’s richest man title
Luxury goods maker, Bernard Arnault has surpassed Elon Musk to claim the title of the world's wealthiest person, Forbes reports. The founder and CEO of LVMH, a global luxury goods…
Niger, Mali, Burkina Faso quit ECOWAS
Three West African nations, Niger, Mali, and Burkina Faso, have left the Economic Community of West African States after military intervention. The countries expressed their views in a coordinated press…
Nigeria Railways records 103% rise in Q3 2023 income
The Nigeria Railway Corporation generated around N1.895 billion in income from passenger and cargo transportation in the third quarter of 2023. The Times reported that this marks a 103.1% increase…
