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Shettima arrives Asaba for Delta investment summit

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Economy

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Google tests AI-generated backgrounds for Meets
News Tech

Google tests AI-generated backgrounds for Meets

Google is experimenting with a generative AI capability that will generate fresh backgrounds for Google Meet calls. When the feature launches, users of the program will have the ability to generate backgrounds of their choice in calls. When Google unveiled a new feature for Android in May at its Google I/O developer conference, the firm […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
Tech

EU urges TikTok to adopt new rules

The European Commissioner overseeing the digital market, Thierry Breton, has called upon Chinese video-sharing platform TikTok to expedite its adoption of the new EU standards. With the Digital Services Act set to take effect next month, internet giants are racing to ensure compliance with rules on transparency, data privacy, child protection, disinformation, and hate speech. […]

Lagos Free Zone eyes Dutch investors
Business

Lagos Free Zone eyes Dutch investors

In an effort to attract Dutch investors to the Zone, the Lagos Free Zone, a Tolaram subsidiary and the country’s first privately held free zone, recently hosted a group from the Dutch Consulate, led by Consul General Michel Deleen. On Wednesday, July 12, 2023, the Chief Executive Officer of the Lagos Free Zone, Dineshi Rathi, […]

K-Pop record label HYBE to release songs with AI
News Tech

K-Pop record label HYBE to release songs with AI

The biggest music company in South Korea, HYBE was able to release a song by the artist MIDNATT in six different languages of Korean, English, Spanish, Chinese, Japanese, and Vietnamese with the use of AI technology. Although several K-pop artists have released songs in languages other than their native Korean, such as English and Japanese, […]

Naira drops 0.64% after Emefiele's arrest - Report
featured News

Emefiele faces fresh charges over $53m debt

The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, is facing fresh charges over a $53m judgment debt.   The News Agency of Nigeria reported that a Federal High Court in Abuja, on Wednesday, said it would issue a warrant of arrest against Emefiele over his failure to appear before it to explain circumstances […]

Tayo Aduloju has been named the next Chief Executive Officer of the Nigerian Economic Summit Group, beginning January 1, 2024.
Appointments

Nigerian Economic Summit Group names Tayo Aduloju new CEO

Tayo Aduloju has been named the next Chief Executive Officer of the Nigerian Economic Summit Group, beginning January 1, 2024. This was disclosed by the organization in a statement on Wednesday. The current CEO, ‘Laoye Jaiyeola, will be succeeded by Mr. Aduloju, who is currently the Chief Operating Officer and Senior Fellow for Economic Policy, […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity bank to raise capital through public offer

Fidelity Bank Plc has announced plans to raise capital through a mix of a public offer and a rights issue. This information was released by the tier 2 bank via a press release on the NGX. At the current share price of N7.3, the sale may bring in nearly N96.3 billion in additional capital for […]

Ontario cancels $100m Starlink contract in US-Canada tariff war
News Tech

Starlink launches in Kenya

The satellite internet provider, Starlink, announced on Twitter that it has now formally launched its services in Kenya. The internet service provider stated that as long as their satellite dish has a clear view of the sky, you can get speeds of over 150 Mbps regardless of where you live, including isolated or rural areas. […]

India warns YouTube, X, others over child abuse content
News

Ethiopia ends social media blockade after four months

Ethiopia’s social media landscape has come back to life as Facebook, Instagram, and TikTok are unblocked after a prolonged five-month shutdown. The Open Observatory of Network Interference confirmed the restoration of access, signaling the end of a period of online censorship that began in February. Ethiopians can now freely access popular social media platforms without […]

Nigeria to begin electric cars manufacturing, initiates validation phase
News

Nigeria to begin electric cars manufacturing, initiates validation phase

The Nigerian government’s Automotive Policy includes intentions to start the development of electric vehicles. The Permanent Secretary of the Ministry of Industry, Trade, and Investment, Dr. Evelyn Ngige, said this at the Validation Workshop of the Draught National Action Plan for the Development of EVs in Nigeria that took place in Abuja. According to Ngige, […]

Tata to build £4 bn electric car battery factory in UK
Tech

Tata to build £4 bn electric car battery factory in UK

India’s Tata Group has announced plans to construct an electric vehicle battery plant in Britain. With an investment of GBP 4 billion, the new factory will play a vital role in securing the long-term future of the automotive sector by enabling domestic battery production. British Prime Minister Rishi Sunak hailed Tata’s multi-billion-pound investment as a […]

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