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Allianz upgrades savings offering
Business

Allianz upgrades savings offering

Allianz Nigeria, an insurance company, has announced the launch of its updated savings program, AllianzTrust. The Punch reported that the company said that in light of the difficulties being experienced as a result of recent economic changes in Nigeria, it is a comprehensive savings solution that has been painstakingly constructed to protect consumers’ finances. The company […]

Oil marketers push for fuel subsidy removal suspension
featured

Oil marketers push for fuel subsidy removal suspension

  Following importers’ difficulty to obtain US dollars and the effects this was having on businesses, oil marketers recommended President Bola Tinubu on Tuesday to gradually soften the withdrawal of subsidies on Premium Motor Spirit, also known as petrol. This occurred as Tinubu ruled against raising the price of fuel and reversing the fuel subsidy. […]

Google adds AI web page summaries to Chrome
News Tech

Google adds AI web page summaries to Chrome

Google on Tuesday released a few fresh upgrades to its almost three-month-old Search Generative Experience, the company’s conversational Search mode powered by AI. The objective is to assist people in better understanding and learning from the data they come across online. Tools to assist you in better grasping and coding information across languages, tools to […]

Spanish Court upholds temporary ban on Worldcoin's iris-scanning project
News Tech

Worldcoin disregards initial directive to cease iris scans in Kenya – Report

The Office of the Data Protection Commissioner had instructed Worldcoin’s parent company, Tools for Humanity, to stop collecting personal data months before Kenya finally outlawed iris scans by Sam Altman’s cryptocurrency venture. According to a letter sent to Worldcoin and seen by TechCrunch, the ODPC had directed the cryptocurrency company to halt iris scans, the […]

Reddit unveils new privacy feature, gives users control over profile
News Tech

Russia fines Reddit for failing to remove banned content

Russia on Tuesday penalised social media platform Reddit for the first time for failing to remove “banned content.” According to RIA report on Tuesday, citing a Moscow court, it claimed the platform failed to take down “fake” information regarding Russia’s military campaign in Ukraine. Reddit joins a group of websites, including Google, Twitch, and Wikimedia, […]

MTN Group seeks more investors for MoMo
Investment

MTN Group seeks more investors for MoMo

MTN Group has unveiled a bold plan to enlist three additional investors for its fintech arm, MoMo. This revelation came on the heels of a significant development in the telecom giant’s playbook – a groundbreaking deal with payments processor Mastercard, securing a minority stake in MoMo. The financial prowess of MoMo has been underlined by […]

X still offline in Brazil as company pays fine to wrong account
News Tech

X bans business handles from promoting on platform

X, formerly known as Twitter, will no longer permit advertisers to promote their accounts within the timeline of the site in order to get new followers, according to Axios on Tuesday. According to the report, promoted accounts, also known as “Follower Objective” advertisements, bring in more than $100 million in revenue for X globally each […]

Tinubu considering ‘temporary subsidy’ on petrol - Reports
featured

Tinubu considering ‘temporary subsidy’ on petrol – Reports

  President Bola Tinubu is contemplating the implementation of a “transitory subsidy” on petroleum in response to the escalating crude oil prices and foreign exchange rates. According to The Cable, although no decision has been made as of yet, insiders within the presidency stated that the idea is “firmly on the table” as the country’s […]

Economy featured

Nigeria’s inflation hits 24.08% – NBS

The National Bureau of Statistics has revealed that Nigeria’s inflation rate rose to 24.08 per cent in July 2023.   This, according to the latest report by the statistics agency, is the highest recorded leap in 2023 and in a while.   In June, inflation was recorded at 22.79 per cent, but has now risen […]

Tesla grants Elon Musk $29bn in shares
World

Elon Musk tops Bloomberg’s world’s rich list

Tesla Chief Executive Officer and Twitter boss, Elon Musk, has been ranked as the richest man in the world.   The SpaceX founder, CEO, according to the latest release by World of Statistics, is currently worth $224 billion. He is as well the founder of the Boring Company, a co-founder of Neuralink and OpenAI, and […]

Aradel Holdings, two others increase NASD OTC bourse by 1.13%
Business

Nigerian over-the-counter securities rise by 0.38%

The market capitalization of the NASD Over-the-Counter Securities Exchange increased by N4.13 billion, or 0.38 percent, on Monday, August 14, from the N1.090 trillion it ended last Friday to N1.094 trillion. The NASD Unlisted Securities Index, which ended the day at 791.05 points as opposed to the 788.07 points it had concluded at the end […]