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Meta slammed by oversight board over content policy overhaul
News

Meta slammed by oversight board over content policy overhaul

Meta, the parent company of Facebook and Instagram, has come under fire from its own Oversight Board over sweeping policy changes introduced in January that scaled back fact-checking and loosened moderation on sensitive topics like immigration and gender identity. In a sharply worded statement on Wednesday, the independent board criticized Meta for implementing the changes […]

China's EV giant BYD revamps European strategy after early missteps
News

China’s EV giant BYD revamps European strategy after early missteps

China’s top electric vehicle maker BYD is making major changes to its European operations after early missteps threatened its expansion in one of the world’s most competitive auto markets. According to six current and former executives, BYD initially struggled with dealer recruitment, hiring executives lacking local expertise, and pushing an all-electric lineup in countries still […]

Data breach exposes salary information of Dublin airport staff
Tech

Expert warns of data breach risks in Nigeria’s energy sector

A new legal research paper has raised concerns about the growing risk of data breaches and cybersecurity threats in Nigeria’s oil and gas sector. Authored by data protection lawyer, Lynda Ugo Ezike, the paper warns that the sector’s increasing digitization has made it vulnerable to cyberattacks, surveillance, and legal issues related to the misuse or […]

News

FG to shut Lagos Marine Bridge 60 days

The Federal Ministry of Works has announced that the Marine Bridge in Lagos will be closed for 60 days starting on Sunday, April 27, for essential structural repairs. Speaking on Channels Television’s Sunrise Daily on Tuesday, the Federal Controller of Works for Lagos State, Olukorede Kesha, explained that the first section of the bridge will […]

News

FG launches N120b nationwide youth skills acquisition program

The Federal Government has launched a nationwide N120 billion youth skills acquisition program, designed to support registered companies that can train at least 60,000 youths over a three-month period. Upon completion, trainees will not only gain practical skills for employment but will also receive starter packs to help them transition smoothly into the workforce. This […]

Business

European stocks rise 1.8% as SAP earnings boost STOXX 600

European stocks saw a boost on Wednesday, with the STOXX 600 index rising 1.8% following strong earnings from SAP, Europe’s largest software maker. Additionally, President Donald Trump’s reversal on plans to oust Federal Reserve Chair Jerome Powell eased investor concerns. Other major regional indexes, including those in Germany, France, Spain, and the UK, gained between […]

Trump to slash US tariffs on China 'substantially'
News

Trump to slash US tariffs on China ‘substantially’

President Donald Trump has hinted at a potential reduction in tariffs on Chinese goods, signaling a possible thaw in the tense U.S.-China trade relationship that has rattled global markets. During a White House press briefing on Tuesday, Trump indicated that the hefty tariffs—some reaching as high as 145%—could soon be eased, though not eliminated entirely. […]

IMF lowers 2024 growth projections for Nigeria
News

Nigeria, IMF strengthen ties to boost spending, food security

The Managing Director of the International Monetary Fund, Kristalina Georgieva, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, have all committed to working together to enhance social spending, boost food security, and promote inclusive growth in Nigeria. Georgieva also reaffirmed […]

Business

eTranzact, NFIU partner to bridge fintech compliance gaps

eTranzact Plc has reaffirmed its commitment to regulatory compliance by partnering with the Nigerian Financial Intelligence Unit. In a statement on Tuesday, this is collaboration aims to address key compliance challenges in Nigeria’s fintech sector, with a focus on improving Know Your Customer practices, ensuring transparency in Ultimate Beneficial Ownership, and enhancing the reporting of […]

featured

FG warns refineries, depot owners on waste management practices

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, has issued a warning to refineries, depot owners, and other operators in the midstream and downstream sectors regarding poor waste management practices. The directive was addressed to all licensed waste management service providers, in a memo dated April 3, 2025 (Ref: NMDPRA/HQ/HSEC.02/2025/181), emphasizing the need for strict […]

Crypto

Bitcoin surpasses $91,000 for first time in 50 days

Bitcoin’s price climbed above $91,000 on Tuesday, marking its first surge past that level in 50 days. This rally was driven by a combination of political factors and institutional demand, with President Trump’s criticism of Federal Reserve Chair Jerome Powell contributing to market volatility and prompting a shift of capital into cryptocurrencies. Over the weekend, […]

Tesla’s profits crash as sales slump, trade tensions loom
News

Tesla’s profits crash as sales slump, trade tensions loom

Tesla is facing one of its most financially precarious moments in years, as sluggish sales and mounting global trade tensions cast a shadow over the electric vehicle giant’s once-dominant market position. According to quarterly financial results released Tuesday, the company reported $409 million in net income on $19.3 billion in revenue. Despite delivering nearly 337,000 […]

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