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Imo-Abasi Jacob named Champion Breweries director, acting chair
Appointments

Imo-Abasi Jacob named Champion Breweries director, acting chair

Champion Breweries Plc has named Mr. Imo-Abasi Jacob as the new director and the new acting chairman of the company.  This information was provided in a formal statement sent to Nigeria Exchange Limited and signed by the company secretary, Chief Tosan Atle Aiboni. An excerpt from the official statement is provided below: “With effect from July 27, 2023, […]

Reddit launches AI-powered feature to compete with search engines
News

Reddit introduces features for logged out users

Alex Omenye Reddit is introducing a variety of features to its website for users who are not signed in. These features include better performance, a more useful search results page, better communities, and related post suggestions. The service provider claimed in a blog post on Monday that users are going to Reddit from various search […]

Meta launches AI voice translation on Facebook, Instagram
News Tech

Meta starts process to block news for users in Canada

Meta on Tuesday, said that it has started the process of blocking access to news on Facebook and Instagram for all Canadian users. “As we’ve always said, the law is brd on a fundamentally flawed premise. And, regrettably, the only way we can reasonably comply is to end news availability in Canada,” Andy Stone, Meta […]

Nigerian Exchange ahead in Africa with 33.70% gain
Economy

Nigeria loses $167.2m as naira falls to dollar in July

By Christian George     Nigeria’s external reserves witnessed a downward trend as the nation lost $167.2 million in July over the naira’s fall against the dollar.   The Central Bank of Nigeria’s figures on the movement of external reserves showed that the reserves, which ended June 30, 2023, at $34.12 billion, depreciated to $33.95 […]

US academy to train 120 women in entrepreneurship
News

Women own 40% of MSMEs in Nigeria – NBS

A recent study by Small Firm Diaries that was released by the National Bureau of Statistics has revealed that women hold 40% of Micro, Small, and Medium-Sized Enterprises in Nigeria. Only 12% of MSMEs are co-owned by men and women, according to the “Country Data Overview” study, while 48% are owned only by men. According […]

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

NASD OTC Securities Exchange drops by 0.08%

The NASD Over-the-Counter Securities Exchange on Monday, July 31, fell by 0.08 percent, subtracting N400 million from the bourse’s overall worth. As a result, the market value of the NASD OTC securities exchange decreased from the N1.077 trillion it reached last Friday to N1.077 trillion. Likewise, the NASD Unlisted Securities Index decreased by 0.30 points […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank records 109.57% profit increase in Q2 2023

Wema Bank announced its 2023 second-quarter results, revealing that pre-tax profits increased by 109.57% year on year, reaching N5.87 billion. According to The Times, pre-tax profits for the first half of the year increased from N6.103 billion to N12.059 billion as a result. The huge expansion in net interest income as well as net fees […]

Google halts diversity hiring goals, reviews DEI programs
News Tech

Google Assistant transitioning to generative AI – Reports

Tech giant, Google is pivoting to artificial intelligence as companies strive to integrate AI in their products. An internal email obtained by Axios claims that Google is integrating generative artificial intelligence. The Assistant team leads “see a huge opportunity to explore what a supercharged Assistant, powered by the latest LLM [large language model] technology, would […]

Prestige Assurance hits 34% gross premium growth
Business

Prestige Assurance hits 34% gross premium growth

Prestige Assurance Plc increased its gross premium written by 34% to N12.4 billion at the end of the 2022 fiscal year, up from N9.27 billion in 2021. According to The Punch, the business’s annual general meeting in Lagos, the chairman of the company, Mrs Funmi Oyetunji, revealed this information to the shareholders. She said Prestige showed […]

Elon Musk takes down glowing X logo at Twitter HQ
Uncategorized

Elon Musk takes down glowing X logo at Twitter HQ

The ‘X’ logo that once adorned Elon Musk’s Twitter, headquarters in downtown San Francisco has been taken down, leaving behind a trail of complaints and controversy. Over the weekend, the city building department received 24 complaints regarding the massive ‘X’ installed on the rooftop of the high-rise on Market Street. Neighbors expressed frustration about the […]

Tech

Meta to set up AI chatbots for social media engagement

Meta Platforms, the parent company of Facebook, is gearing up to introduce a groundbreaking range of AI-powered chatbots with distinct personalities, as reported by the Financial Times. These chatbots are designed to engage in human-like conversations, offering users a novel and immersive experience across its social media platforms. According to sources familiar with the plans, […]

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