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Shettima arrives Asaba for Delta investment summit

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I went from dollar millionaire to labourer in England

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W’Africa needs $100bn annually to meet developmental goals —

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Threads introduces rate limit to curb spam attacks
News Tech

Threads introduces rate limit to curb spam attacks

Twitter’s latest rival, Instagram’s Threads, announced on Monday that it has tightened rate limits due to spam attacks. Instagram head Adam Mosseri explained the spam problem in a post on the Threads saying, “Spam attacks have picked up so we’re going to have to get tighter on things like rate limits, which is going to […]

Life Style

World Bank considers home delivery of palliatives to PWDs

The World Bank granted an $800 million loan as a  palliative for the fuel subsidy which People With Disabilities may have the option of having cash sent to them at home during implementation. This was stated in the document Payment delivery modalities for NASSP-SU from the World Bank website. The paper states that individuals with […]

The Pension Fund Operators Association of Nigeria has emphasized that workplace mental health programs must be given top priority by corporate firms.
News

Prioritize mental health, pension operators urge organizations

The Pension Fund Operators Association of Nigeria has emphasized that workplace mental health programs must be given top priority by corporate firms. In order to inform professionals in the pension business about leveraging mental health for long-lasting change, PenoP made the call during a webinar it organized on “Mental health, managing stress and depression.” The […]

Focus on sectors that'll grow economy, firm tells investors
Business

Focus on sectors that’ll grow economy, firm tells investors

Investors have been urged by an investment banking firm known as Comercio Partners to exercise caution and concentrate on the industries that will power the economy in the second half of the year. This was made clear in the company’s analysis of the first half of the year’s economy and the second half’s projection. “The first half of […]

Ex-Vimeo exec named CEO of Tubi
News Tech

Ex-Vimeo exec named CEO of Tubi

A former longstanding leader of the video-sharing website Vimeo, Anjali Sud, was appointed on Monday as the CEO of the Fox group’s streaming service Tubi. After around nine years as CEO of the streaming service, Sud just announced his resignation. Paul Cheesbrough, CEO of the Tubi Media Group, takes over from him. Prior to joining […]

Wix launches AI text generator
News Tech

Wix launches AI text generator

Web development platform Wix has launched an AI text generator to enable users to create customised content for certain website areas. The text for a given site is produced by the AI template text creator. Along with Wix’s collection of AI picture editing, fine-tuning, and creation capabilities, there is now an AI domain generator for […]

VC firm TLV raises $250m fund for Israeli startups
News

VC firm TLV raises $250m fund for Israeli startups

Venture capital firm, TLV Partners has unveiled a new $250 million fund, aimed at supporting early-stage startups founded by Israelis. The decision to primarily focus on the United States as the base for these startups comes as concerns loom over potential reforms to the Israeli judicial system. With this fifth fund, TLV’s assets under management […]

News

Why Lagos is Nigeria’s most expensive state – Report

The commercial capital of Nigeria, Lagos, has surpassed other states in claiming the title of most expensive city to live in, according to the most recent data on inflation. According to the National Bureau of Statistics, In June, the Lagos State inflation rate increased to 25.7%, higher than the national average of 22.7%. This indicates a 25.7% […]

Facebook to shut down news tab in US, Australia
News Tech

Norway to fine Meta $100k over privacy concerns

Norway’s regulator has threatened to fine Meta Platforms, the parent company of Facebook and Instagram, one million crowns ($100,000) every day for privacy violations. “It is so clear that this is illegal that we need to intervene now and immediately. We cannot wait any longer,” the head of Datatilsynet’s international section, Tobias Judin, told Reuters. […]

Economy featured

Inflation rate hits 22.79% in June – NBS

The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023.   The News Agency of Nigeria reported that the inflation rate rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the […]

Naira plunges to record low against pounds
Economy

Naira drops to N820/$ as FX supply shortfall continues

The naira struck a new low over the weekend, trading at N822/$ in the black market and N803.9/$ in the Investors & Exporters window, which is the official forex market. The amount of money exchanged in the I&E window decreased by 6.6%. Dealers expressed disappointment that the anticipated rise in supply from the previous week […]

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