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UN recruits robots to meet
News

UN recruits robots to meet

Alex Omenye United Nations technology agency is hosting a summit in Switzerland this week, dozens of robots—including some humanoid ones—will take the front stage to demonstrate their ability to assist the organization achieve several increasingly impossible global goals. The U.N.’s 17 Sustainable Development Goals were established in 2015 to better human lives and the environment […]

How subsidy removal affects small businesses - ASBON
Business

How subsidy removal affects small businesses – ASBON

The stock market yesterday had its first day of fall in the second half of H1’23, causing investors to lose N672 billion. This occurred as the Nigerian Bar Association’s Section on Business and NBA, was honoured to ring a bell to end the trading session on Tuesday. A key stock market indicator, the NGX All Share Index, also […]

TikTok reassigns senior executive team
News

Delta, Southwest airlines ban TikTok on employee devices

    Delta and Southwest Airlines have both prohibited their employees from using the video-sharing app TikTok. According to Simply Flying, Delta Air Lines recently announced that the usage of TikTok on phones connected to its work network would be prohibited. This decision is consistent with a recent US Government prohibition restricting TikTok’s existence and […]

Child labor: Court dismisses US tech corps' lawsuit in cobalt mines
News

Abuja court adjourns agriprenuer’s N2bn investment scam trial

A Federal High Court in Abuja has deferred the trial of Ovaioza Yunusa, who is accused of being involved in a N2 billion scam, to next week. Vanguard reported that the reason for the rescheduling by the presiding judge, Justice Gladys Olotu, was that the defense party did not show up in court on Tuesday, According to […]

Google launches Project IDX for AI-enabled browsers
News

Google to use public data for AI training

Alex Omenye Google can now utilize open data to assist in developing AI products, according to updated privacy policies. “Google uses information to improve our services and to develop new products, features, and technologies that benefit our users and the public. For example, we use publicly available information to help train Google’s AI models and […]

UBA, AfCFTA partner to invest $6bn to finance African SMEs
Business

UBA, AfCFTA partner to invest $6bn to finance African SMEs

In accordance with a contract signed between United Bank for Africa Plc and the Secretariat of the Africa Continental Free Trade Area, the bank will finance qualifying SMEs in Africa up to US$6.0 billion over the course of the following three years. According to Vanguard, the bank and AfCFTA finalized the contract in Accra, Ghana, […]

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Shell appoints Ralph Gbobo MD gas division

The gas distribution company, Shell Nigeria Gas Limited which is a division of the Shell Energy company has announced the appointment of Mr Ralph Gbobo as managing director, effective July 1, 2023. Mr. Ralph was appointed to replace Ed Ubong, who has moved on to another position within the Shell group. Before now, Ralph served as the Shell Shareholders […]

N130bn Sukuk listed on NGX, FMDQ - DMO
Economy

Nigeria to pay off $500 million Eurobond loan in July – DMO

Nigeria is set to redeem a $500 million Eurobond this month, although the country still faces numerous economic difficulties. According to information from the Debt Management Office, the bond was purchased at a coupon rate of 6.375% annually five years ago and the $500 million Eurobond loan is now due for repayment this month in accordance with its […]

Apple loses appeal in patent infringement case against Optis Cellular Tech
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Apple loses appeal in patent infringement case against Optis Cellular Tech

London’s Court of Appeal has ruled that tech giant, Apple infringed two telecommunications patents, commonly used in iPhones and iPads. The court dismissed Apple’s appeal, upholding the decision in a long-standing legal dispute with US patent holder Optis Cellular Technology. The legal battle began in 2019 when Optis Cellular Technology, based in Texas, sued Apple […]

Data privacy: EU sets rules to accelerate big tech probe
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Data privacy: EU sets rules to accelerate big tech probe

The European Commission has announced the introduction of new rules aimed at facilitating faster cross-border investigations by privacy watchdogs. Critics, however, argue that investigations into privacy breaches by big tech companies often take too long, and the resulting fines are insufficient to deter such breaches, thereby undermining the effectiveness of the EU’s General Data Protection […]

Market vendors to receive VAT exemptions under FIRS-MATAN initiative
Business

Market vendors to receive VAT exemptions under FIRS-MATAN initiative

PwC’s Fiscal Policy Partner and Africa Tax Leader, Mr. Taiwo Oyedele, has revealed that market vendors participating in the VAT Direct Initiative will be excluded from paying VAT if their company has a turnover of less than N25 million. According to Nairametrics, he revealed this on Tuesday while speaking about the new Value Added Taxes effort between […]

Cyber insurance drops by 10% - Report
Business

Cyber insurance drops by 10% – Report

Alex Omenye Cyber insurance dropped by 10% in June compared with 2022, turning a recent sharp rate rise, broker Howden said on Wednesday in a report. Due to an increase in so-called ransomware assaults, cyber insurance costs would then double in 2021 during the COVID-19 pandemic, according to Howden. Following the commencement of the conflict […]

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