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Africa to receive bulk of Bill Gates $200bn funds
Business

Bill Gates gains $759m as Microsoft shares soars

Microsoft co-founder Bill Gates’ fortune increased by $759 million on Wednesday. According to Forbes, this 67-year-old billionaire giant has a net worth of $121.5 billion, placing him fifth on the global wealth list. Microsoft’s outstanding financial quarter, when the tech giant’s dominance was powered by the power of artificial intelligence, can be credited for the recent […]

YouTube music to support subscribing to podcasts via RSS
News Tech

YouTube Shorts hits 2bn monthly viewers – Google

More than 2 billion monthly viewers who are signed in watch YouTube Shorts, according to Google. This figure is higher than the 1.5 billion monthly active viewers for YouTube Shorts that were revealed last year. Google also revealed at the Q2 2023 earnings call that YouTube generated $7.67 billion in revenue from advertisements, exceeding analyst […]

South African billionaire Natie Kirsh hits $310m in 30 days
Business

South African billionaire Nathan Kirsh hits $310m in 30 days

South African millionaire Nathan Kirsh’s net worth has increased by $310 million in just 30 days. According to Bloomberg estimates, Kirsh’s net worth was $7.30 billion as of June 25, 2023, but as of today, June 26, 2023, it has risen to $7.61 billion. The 91-year-old billionaire owns a sizable conglomerate of businesses that serve the […]

Naira plunges to record low against pounds
Business

Naira gains at I&E window, closes at N791.42

The Naira rose marginally versus the US dollar on the Investor and Exporter market on Tuesday, a day after the local currency fell sharply on the spot market. The official market for foreign exchange on Tuesday saw the naira settle at N791.42 to the dollar, according to data posted on the FMDQ website. Gains on Tuesday […]

Pakistan announces e-Safety bill to register, monitor online content
Tech

Pakistan announces e-Safety bill to register, monitor online content

The Pakistani government has unveiled its plan to register and monitor websites, web channels, and YouTube channels. The move comes as a response to the growing need for tighter control over online content. Meanwhile, the Ministry of IT has introduced the E-Safety Bill to the Federal Cabinet, which has granted initial approval. Under the proposed […]

Kenya's president launches East Africa's largest electric motorcycle plant
News

Kenya’s president launches East Africa’s largest electric motorcycle plant

Kenya has taken a bold step towards sustainability as President William Ruto inaugurates a groundbreaking 50,000-capacity electric bike plant built by green mobility company Roam in Nairobi. This momentous move solidifies the country’s commitment to reducing its carbon footprint and championing clean transportation in Africa. During the commissioning event, President Ruto emphasized the significance of […]

CBN lifts ban on Bamboo, Nairabet, AbokiFX, others
featured Tech

CBN lifts ban on Bamboo, Nairabet, AbokiFX, others

The Central Bank of Nigeria has instructed banks to remove the post-no-debit restriction on the bank accounts of 440 individuals and companies, including renowned fintech platforms like Bamboo and Risevest, along with the well-known sports betting company Nairabet. The directive was communicated through a circular signed by A.M. Barau, the Director of Banking Supervision at […]

NCAA discovers illegal fuel suppliers at airports
Aviation

Airlines engaged in contaminated fuel collaborating – NCAA

The Nigerian Civil Aviation Authority stated that the airlines involved in the recent contaminated aviation fuel were cooperating with the investigation. According to the Punch, NCAA stopped all of Max Air’s Boeing B737 aircraft due to contaminated fuel found in them. The fuel stations responsible for the contaminated fuel have not been identified, according to the NCAA’s director […]

IWD: ILO unveils policy on domestic workers' labour rights
Business

ILO encourages governments to tackle skill gaps

The director general of the International Labour Organisation, Gilbert Houngbo, has urged other world leaders and the G20 labour and employment ministers to address skill gaps. The Punch reported that Houngbo recently urged leaders to implement sustainable financing for employment and social policies and to invest in social protection to minimize inequities in the global labour […]

Gradual removal of old naira notes continues – CBN
featured

Gradual removal of old naira notes continues – CBN

      The Central Bank of Nigeria has reiterated its dedication to gradually discontinuing the old N200, N500, and N1,000 notes in favour of releasing new money. The Monetary Policy Committee met on Tuesday at the CBN headquarters in Abuja, where the acting governor of the top bank, Folashodun Shonubi, announced this pronouncement. The […]

Energy drink Surge enters Nigerian market
Business

Energy drink Surge enters Nigerian market

Beverage manufacturer, FirstBev Nigeria Ltd, has introduced a new energy drink called Surge into the Nigerian market. The Punch reported that the firm, the approved bottler of the RC Cola line of beverages, revealed this in a statement on Tuesday. The announcement was made on July 18 at the Strongback Villa in Agbara, Ogun State. Speaking […]

Facebook to shut down news tab in US, Australia
News Tech

Australia fines Facebook $14m for data gathering

A court in Australia ordered Facebook owner Meta to pay a total of A$20 million ($14 million) in fines for secretly gathering user data through a smartphone software that was marketed as a privacy protector. The decision on Wednesday concerned Onavo, a virtual private network service that the business, then known as Facebook, provided from […]