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Court rules on Emefiele's unlawful detention Thursday
News

Court rules on Emefiele’s unlawful detention Thursday

    The outcome of the fundamental human rights lawsuit filed by Godwin Emefiele, the former governor of the Central Bank of Nigeria who was detained and suspended, will be determined on Thursday (Today). The lawsuit filed by Emefiele seeks to challenge his arrest and subsequent detention by the Department of State Services. AMBusiness reported […]

FMBN accuses IPPIS of failing to remit workers' N26bn contributions
News

Fraud: Senate probes IPPIS

The Senate opened an investigation into claims of bribery and corruption made against employees of the Integrated Payroll and Personnel Information System at various universities around the Federation on Wednesday. The Punch reported that the Senate also decided to host a discussion with the Head of Service, the National President of the Academic Staff Union of […]

Coinbase waives fees on PayPal stablecoin, boosting crypto payment push
News Tech

Crypto platform Coinbase Wallet launches messaging feature

Popular self-custody cryptocurrency wallets, Coinbase Wallet, is introducing a direct messaging option so users may communicate with one another on the platform. Wallet owners can communicate with Ethereum accounts that have CB.IDs, ENS domains, or Lens profiles. Additionally, it will enable NFT and POAP owners to communicate directly with other individuals who own the same […]

EU approves Broadcom's $61bn acquisition of VMware
News

EU approves Broadcom’s $61bn acquisition of VMware

US chipmaker, Broadcom has successfully obtained antitrust approval from the European Union for its proposed $61 billion acquisition of cloud computing firm VMware. In order to address concerns regarding competition, Broadcom offered remedies to rival Marvell Technology. This landmark deal represents Broadcom’s largest ever and signifies the company’s strategic move towards diversification into enterprise software. […]

X to offer paid users xAI chatbot - Musk
Uncategorized

Musk launches new company, xAI

CEO of Twitter, Elon Musk, on Wednesday announced the founding of a new company called xAI with the goal of “understand the true nature of the universe.” Twelve individuals from DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto make up the team for the new organisation. Dan Hendrycks, director of the […]

Reps demand three-year validity for JAMB results
News

Reps demand three-year validity for JAMB results

The Joint Admissions and Matriculation Board has been urged by the House of Representatives to make the results of its Unified Tertiary Matriculation Examinations valid for at least three years and to hold entry tests at least twice a year. According to Vanguard, this came after Akintunde Rotimi’s motion was approved at the plenary on Wednesday. […]

Policy and Regulations

ECOWAS propose 10% VAT harmonization to Nigeria

The Economic Community of West African States has presented a reviewed document of Value Added Tax harmonisation to stakeholders in the Nigerian economic sectors for the country to review it with the current economic reality.   This presentation was done at a three-day Workshop on Nigeria’s Value Added Tax Law held in Abuja, according to […]

Tumblr boss laments $30m loss annually
News Tech

Tumblr boss laments $30m loss annually

Tumblr’s CEO, Mullenweg has disclosed the company spends around $30 million more annually than it makes in revenue. The blogging platform, which was founded in 2007, was purchased for $1 billion in 2013 by Yahoo, but in 2019, WordPress parent company Automattic purchased Tumblr for just $3 million. Tumblr has a devoted following of power […]

Oil and Gas

Brent crude hits $80.41 per barrel, highest since May 2023

Brent crude has reached a price of over $80.41 per barrel for the first time since May 20, 2023. According to Nairametrics, after examining crude oil prices on Wednesday, July 12, it was discovered that the benchmark Brent crude price had hit above $80 per barrel. As of 2:58 pm (GMT+1), Brent crude was 80.41 per barrel, while Bonny Light […]

Cooking gas price hits N1,500 per kg
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NMDPRA announces new gas prices

The  Nigerian Midstream and Downstream Regulatory Authority has announced that a new gas pricing pattern will be made public today following a review with President Bola Tinubu’s Energy adviser, Olu Verheijen. The Nation reported that the Authority’s Chief Executive Officer, Engr. Farouk Ahmed announced the information at the Abuja headquarters’ official opening. He stated that the necessary […]

Apple to review prices for in-app purchases in Nigeria, others
News Tech

Apple to review prices for in-app purchases in Nigeria, others

Apple will on July 25, 2023, begin implementing changes to its prices or in-app purchases made through the App Store. Three African markets which include Nigeria, Egypt, and Tanzania would be impacted by the price adjustments, including app producers and users. The IT giant did not specify whether the adjustments would be upward or downward, […]

Shopify launches AI assistant
News Tech

Shopify launches AI assistant

Canadian e-commerce company Shopify, announced on Wednesday that it will soon introduce an artificial intelligence assistant for merchants using its platform. CEO Tobi Lutke explained in a video uploaded on Twitter that the “Sidekick” assistant would be integrated as a button on Shopify and respond to merchant questions, including specifics on sales trends. Following the […]