NCC launches initiative to tackle fraud, spam messaging
The Nigerian Communications Commission has introduced a draft regulatory framework to tackle issues like fraud, spam, and other challenges in the Application-to-Person (A2P) messaging sector. This initiative aims to improve…
FG to review Lagos-Calabar coastal road to six lanes
Alex Omenye The Federal Government has announced a cost-saving review of the Lagos-Calabar Coastal Road project, reducing the number of lanes from 10 to six. Minister of Works, David Umahi,…
Vandals attack Shiroro-Katampe line, dissrupt power supply in FCT
Suspected vandals have once again plunged parts of the Federal Capital Territory into darkness by targeting the Shiroro-Katampe transmission line, a vital infrastructure supplying power to several areas in the…
Nigeria needs $20bn annually for 7% growth by 2027 – Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Fri revealed that Nigeria requires an annual investment of $20 billion to achieve a 7% economic…
FAAN, UBA complete renovation of Lagos airport terminal
The Federal Airports Authority of Nigeria, and the United Bank for Africa, has partnered to refurbish the E-wing of Lagos' Murtala Muhammed International Airport and added four CNG-powered buses to…
Italy fines OpenAI €15m over ChatGPT data violations
Italy's data protection authority, Garante, has fined OpenAI €15 million ($15.58 million) following an investigation into the use of personal data by its generative AI application, ChatGPT. The penalty marks…
US billionaire eyes TikTok takeover, overhaul
American billionaire businessman Frank McCourt is spearheading efforts to acquire TikTok and fundamentally overhaul its business model, Reuters reported. McCourt, known for his former ownership of the Los Angeles Dodgers,…
OpenAI unveils most advanced reasoning model, competes with Google
OpenAI has announced plans to launch a new AI model with advanced human-like reasoning capabilities, signaling a major leap in AI innovation. This move is set to heighten competition with…
US sues JPMorgan, others over Zelle payment fraud allegations
The Consumer Financial Protection Bureau has filed a lawsuit against Early Warning Services, the operator of the Zelle payment network, along with three major U.S. banks: JPMorgan Chase, Bank of…
Bitcoin dips below $93,000 amid investor caution
Bitcoin dropped significantly on Friday, reflecting broader investor caution toward risk assets. It briefly fell below $93,000 before recovering in volatile trading. Early Friday, Bitcoin was priced at $93,809.39, marking…
MTN to pay N15m damages over unsolicited messages
The Court of Appeal in Abuja has upheld a customer’s right to privacy, ordering MTN Nigeria Communications Limited to pay N15 million in general damages for unsolicited messages and caller…
FG achieves 256% increase in meter installations in Q3
The Federal Government's efforts in Nigeria's electricity sector have led to substantial progress, with the installation of 184,507 new meters in Q3 2024, marking a 256.01% increase from the previous…
