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UK confronts Meta, TikTok, Google, others over online safety

Business
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Google enables Gemini to generate images from personal photos

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20million people at risk of food insecurity in Sub-Saharan

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Buhari
Business

Buhari enhanced Nigeria’s businesses, says BMO

The Buhari Media Organisation has described the provision of about N785 Billion to Micro, Small, and Medium Enterprises in the country by the President, Major General Muhammadu Buhari (retd), regime through the Bank of Industry as a big boost to various business concerns in Nigeria. The group said in a statement signed by its Chairman […]

ICF
Appointments

IFC appoints new director for Africa

The International Finance Corporation of the World Bank Group on Tuesday appointed Sarvesh Suri as its new Regional Industry Director for Infrastructure and Natural Resources in Africa. In a statement, Suri, who brings more than 20 years of global investment and development expertise to his new role, will drive IFC’s strategy to connect more people […]

featured Mobile phones

Infinix to hold smartphones live sale Nov 16

Infinix, the smartphone brand, will be having a live sale for all smartphones in its HOT20 & NOTE 12 Series.   The sales which is expected to happen live on Instagram will take place on Wednesday, November 16, by 12noon.   Infinix Hot Series Ambassador, Liquorose, will be hosting the event, alongside other celebrities like, […]

Amazon deploys AI to enhance product review
featured News

Amazon to lay off 10,000 workers

The world’s largest online retailer, Amazon, is expected to lay off 10,000 of its employees. According to a report by New York Times citing anonymous sources, the development will target the devices group, including the one responsible for the Alexa voice assistant, along with the retail division and human resources. Given that Amazon has over […]

Crypto

Cryptocurrency sector fights back after FTX collapse

The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it. The boss of the largest cryptocurrency exchange platform, Binance, did everything to reassure investors on Tuesday. “The projects that survive this difficult time will be much stronger later on,” said […]

Crypto

FTX crash: Nestcoin to lay off workers

Nigerian crypto startup, Nestcoin, is expected to lay off its workers after the firm reportedly lost all its assets in cash and stablecoins to the collapse of FTX. According to Nairametrics, as a result of the development, the firm is expected to reduce its workforce in order to sustain its operations. The firm also emphasized […]

featured

Petrol importation gulps N16.9tn under Buhari – Report

Despite the promise to put an end to the importation of petrol, no less than N16.9 trillion has been spent on importing fuel by the President, Major General Muhammadu Buhari’s (retd), regime. This was contained in data from the National Bureau of Statistics and the Nigerian National Petroleum Company Limited. Since the present administration took […]

Air Peace resumes operations after NiMet strike suspension
Aviation

Visa van: Air peace suspends Dubai flights

Air Peace has announced the suspension of its flights to Dubai, United Arab Emirates, over the non-issuance of visas to Nigerians. This development comes two weeks after the UAE carrier, Emirates, suspended its flights, citing the inability to repatriate ticket funds in addition to the reduced number of passengers on the route. This development comes […]

US deficits projected $1trn higher over next decade
News

Black market: Naira falls by 17.6% in four days

The Nigerian naira’s value has decreased against the US dollar, closing at N780/$1 just dollat According to information provided to Nairametrics by black market dealers, naira fell by 17.6% today in comparison to the Friday closing rate of N680/$1. While this is going on, the exchange rate is still different in different places and is […]

Business

Binance to establish industry recovery fund

Cryptocurrency exchange currency, Binance has announced its intention to establish an industry recovery fund in the wake of the FTX crisis. According to Nairametrics, recent tweets from CEO of Binance, Changpeng Zhao, caused dramatic price jumps across the cryptocurrency market. Mr. Zhao announced the formation of an industry recovery group to support initiatives that are […]

Business

Commodity cost: Nigerians lament despite naira gains

Despite the naira’s gains over the past week, Nigerians have expressed dissatisfaction with the country’s high cost of goods and services. It would be recalled that the naira, after reaching an all-time low of N900 per dollar, rebounded to N680 per dollar. According to Nairametrics, the sudden improvement was attributed by black market traders to […]

Monarchs begs CBN to extend old naira deadline
Banking

Naira redesign: We’ll protect unbanked, rural dwellers – CBN

The Central Bank of Nigeria has restated its commitment to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas.f The apex bank made this known on Sunday, in a statement by its Director, Corporate Communications, Mr Osita Nwanisobi, against the backdrop of the planned redesign of certain denominations […]

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