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EFCC defends Osun account freeze, cites N11bn probe

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Osun to sue EFFC over frozen account

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US introduces $250,000 visa bond rule for some applicants

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Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

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Snap rejigs Indian office leadership structure
News Tech

Snap rejigs Indian office leadership structure

Snap has changed the reporting structure of India, and Pulkit Trivedi has been appointed as the new country manager. In a notable step, the parent company of Snapchat has instructed its Indian teams to report directly to Trivedi, giving local leadership more latitude in directing growth, collaborations, and market development. Ajit Mohan, the head of […]

NERC approves N21bn for free meters to Nigerians
Electricity

NERC advises users to update prepaid meters before November

  The Nigerian Electricity Regulatory Commission has issued a recommendation for prepaid metre customers to ensure the timely updating of their metres prior to November 2024. The National Environmental Research Council disseminated the latest information on its official X platform, previously known as Twitter on Tuesday. According to the electrical regulatory commission, it has been […]

Meta to launch end-to-end encryption on Messenger
News Tech

Meta to launch end-to-end encryption on Messenger

Meta on Wednesday disclosed that the company will enable end-to-end encryption will be enabled on Messenger by the end of the year. Additionally, the company is extending the scope of its end-to-end encryption feature test to “millions more people’s chats.” For years, the business has been constructing end-to-end encryption features for Messenger. But the majority […]

FG to improve public transportation with electric vehicles
Transportation

FG to improve public transportation with electric vehicles

The Ministry of Transportation has revealed its plans to acquire a fleet of electric vehicles in an effort to improve transportation effectiveness and address growing concerns over fuel costs. The Punch reported that this change is anticipated to improve commuter convenience countrywide as well as cut carbon emissions. The recently sworn-in Minister of Transportation, Said […]

Jaiz Bank demands listing of N5.4bn shares on NGX
Banking

Jaiz Bank reorganizes board, management

As part of the implementation of its new strategy and in conformity with two recent circulars from the Central Bank of Nigeria, Jaiz Bank has reorganized its board and management. According to a statement made by the bank, the first circular caused two non-executive directors—former Board of Directors Chairman Umaru Mutallab and Falalu Bello—to resign […]

Manufacturers warn price hikes to persist without solutions
Business featured

Raw materials import hits N8trn amid naira slump

Manufacturers have spent at least N7.9 trillion on raw materials imports in the last three years. According to The Punch, manufacturers claim that the high cost of imported raw materials is a result of operators’ choice to obtain foreign currency at exorbitant rates from the parallel market as a result of a lack of FX […]

Meta launches AI model for language translation
News

Meta launches AI model for language translation

Alex Omenye Facebook’s parent company Meta on Tuesday launched an AI model that can translate and transcribe speech in a wide range of languages. This serves as a possible cornerstone for products that enable real-time communication across language barriers. The company claimed in a blog post that their SeamlessM4T model could combine technology that was […]

Grieving widow sues Tesla over defective car model
News Tech

Grieving widow sues Tesla over defective car model

A grieving widow filed a lawsuit against Tesla after her husband’s 2020 Model 3 crashed and exploded, starting a fire that claimed his life. According to a lawsuit submitted to the U.S. District Court, Southern District of New York, the plaintiff, Jiyoung Yoon, claims Tesla was responsible for the design, manufacture, distribution, and sale of […]

Bluesky activates rate limits to contain traffic
Tech

Bluesky activates rate limits to contain traffic

Social network Bluesky, declared it would implement rate limits to enhance the security and stability of its network. However, it promised users that their ability to publish will not be affected. Elon Musk, the owner of X, announced that the organisation once known as Twitter would be doing away with the “block” function, which left […]

Microsoft proposes relocation of Chinese staff over US-China tensions
News Tech

Microsoft integrates Python in Excel

Software company, Microsoft announced on Thursday announced the preview of Python in Excel. According to Microsoft, this would enable spreadsheet users to integrate scripts written in the well-liked Python language with their regular Excel calculations in the same workbook. This feature will first be available to Microsoft 365 Insiders as part of the Excel for […]

Meta to give EU users more power over Facebook, IG content
News

Meta to give EU users more power over Facebook, IG content

  Facebook and Instagram parent company, Meta has disclosed that Facebook and Instagram users in Europe will have greater control over how they view content. A new landmark EU rule mandates that internet service providers  actively filter material to safeguard consumers, particularly against hate speech and disinformation. Meta, the parent company of Facebook, Amazon, Apple, […]

Moniepoint gets nod to acquire Kenyan Kopo Kopo
News

Moniepoint gets nod to acquire Kenyan Kopo Kopo

Kenya’s competition authority has given Moniepoint Inc. the go-ahead to acquire Kopo Kopo, a business-focused provider of credit and payment services. Following the Competition Authority of Kenya’s clearance, Moniepoint (previously TeamApt) will continue to grow across the continent by extending its services to Kenya. One of the biggest business banking and payments platforms in Nigeria […]

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