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Spotify launches 'Concerts Near You' playlist for event discovery
News Tech

Spotify hits 220m premium subscribers

The number of paid subscribers to the mu Spotify, has reached 220 million. The streaming company disclosed in its Q2 2023 earnings call that its subscribers grew by 17% year-over-year. The company also disclosed that its monthly active users has reached 551 million. The disclosure is coming a day after Spotify increased the prices of […]

Digital ID: Worldcoin users queue for iris scans
News Tech

Digital ID: Worldcoin users queue for iris scans

People are having their eyes scanned all across the world in exchange for a digital ID and the prospect of earning free cryptocurrency. The CEO of OpenAI,Sam Altman,the company that created ChatGPT, started the Worldcoin project. It claims to aim to build a new “identity and financial network” and that its digital ID will enable […]

Poland to probe OpenAI over privacy concerns
News Tech

ChatGPT now accessible on Android devices

Users of Android devices in Brazil, Bangladesh, India, and the United States can now access ChatGPT. Owner of the popular chatbot OpenAI, Sam Altman, stated on Tuesday that it aims to capitalise on the popularity of the AI tool. San Francisco-based OpenAI introduced ChatGPT for Android last week in an effort to broaden its user […]

CBN increases interest rate to 18.75%
featured

CBN increases interest rate to 18.75%

    The Central Bank of Nigeria’s Monetary Policy Committee has voted to raise the benchmark interest rate by 25 basis points to 18.75%. The disclosure was made by the Acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, during the reading of the communiqué of the fourth Monetary Policy Committee meeting of the […]

DSS whisks away Emefiele as court okays bail request
News

DSS whisks away Emefiele as court okays bail request

    The Department of State Services re-arrested Godwin Emefiele, the suspended Governor of the Central Bank of Nigeria, on Tuesday following a confrontation with officials from the Nigerian Correctional Service. Emefiele was re-arrested at the Federal High Court in Lagos, specifically at the Ikoyi location. This occurred after Justice Nicholas Oweibo granted bail to […]

White House leads TikTok acquisition deal
Business

TikTok to launch e-commerce platform in US

Alex Omenye TikTok intends to establish an e-commerce platform in early August to sell products made in China in the United States, the Wall Street Journal reported on Tuesday. The short-video software would handle the storage and shipment of goods on behalf of Chinese producers and retailers, according to the source. It aims to emulate […]

Nigerian health-tech startup Clafiya secures $610k pre-seed funding
Tech

Nigerian health-tech startup Clafiya secures $610k pre-seed funding

In a stride toward affordable healthcare services in Africa, Clafiya, innovative health-tech startup, has successfully closed a remarkable $610,000 pre-seed round. The funding, led by esteemed investors like Norrsken Accelerator, Acquired Wisdom Fund, Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, and others, will fuel Clafiya’s rapid growth, support product development, and facilitate the recruitment of […]

Crucial week for Worldcoin amid EU privacy scrutiny
Tech

ChatGPT maker’s Worldcoin Ignites crypto market with 60% surge

Co-founder of ChatGPT and OpenAI, Sam Altman, has successfully launched the Worldcoin Token and mainnet, gaining massive attention in the crypto space. The token’s listing on exchanges like Binance, Huobi, Bybit, and OKX resulted in an impressive 60% surge, reaching $2.69 according to Coingecko data. Worldcoin Token has been eagerly awaited and gained significant popularity […]

Unilever Nigeria's turnover grew 24% in H1 2023
Business

Unilever Nigeria’s turnover grew 24% in H1 2023

Unilever Nigeria Plc has revealed its unaudited interim report for the six-month period ending June 30, 2023, showcasing an impressive financial performance and commitment to purposeful growth. During the period under review, Unilever Nigeria achieved a remarkable N54.2 billion in turnover, reflecting a staggering 24% growth compared to the N43.8 billion turnover recorded in the […]

Amazon to make movie on Altman's dramatic OpenAI exit, return
News Tech

UK to investigate OpenAI’s Worldcoin

The data protection authority for Britain announced on Tuesday that it will investigate Worldcoin, a project by OpenAI CEO Sam Altman in which users trade their iris scans for a digital ID and free cryptocurrency. “We note the launch of WorldCoin in the UK and will be making further enquiries,” a spokesperson for the Information […]

Forex revenues hits new high as trade surplus reaches N2.22trn
Business

NGX FX trading hits N145bn in six months

In the first half of 2023, the total amount of international transactions carried out by investors on the floor of the Nigerian Exchange Limited increased to N145.08 billion. Nairametrics reported that this is according to the recently disclosed data on domestic and foreign portfolio investment reports in Nigerian equity trading for June 2023. The total foreign […]

Reps to recover $9bn gas flaring fines from oil companies
Oil and Gas

Reps to recover $9bn gas flaring fines from oil companies

  The House of Representatives expressed its commitment to retrieving a substantial amount of over $9 billion in gas flaring fines that have been imposed by the Federal Government on both domestic and international companies involved in the Oil and gas sector. The Chairman of the Ad-hoc Committee, Ahmed Munir, tasked with investigating gas flaring, […]

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