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CBN warns public against fake contracts, grants, intervention fund scams
News

CBN boost the FX market with $122.67m sales to BDCs

The Central Bank of Nigeria has made an important step towards stabilizing the foreign exchange market by selling $122.67 million to 46 authorized dealers. This measure is intended to promote market stability and reduce volatility, since the exchange rate closed on Thursday at N1,554.65/$1, its lowest level since March 2024, according to Nairametric. This is […]

Samsung launches smart ring that tracks sleep, movements
News

Samsung launches smart ring that tracks sleep, movements

Samsung has taken a pioneering step in wearable technology by unveiling the Galaxy Ring, marking the debut of a smart ring among tech giants. Announced alongside the new Galaxy Watch Ultra, the South Korean company introduced the Galaxy Ring on Tuesday, set to launch later this month. Priced at £400, the Galaxy Ring boasts a […]

WhatsApp to introduce limits on broadcast messages to curb spam
News

WhatsApp launches new authentication feature for businesses in India

WhatsApp has introduced a new feature allowing businesses in India to send authentication and login codes through its API to users, starting from July 1st. This functionality, which Meta (formerly Facebook) previously rolled out for merchants in other regions last year, has now expanded to Malaysia in June and India in July. The move comes […]

YouTube enhances Shorts with new features to rival TikTok
News

YouTube enhances Shorts with new features to rival TikTok

YouTube is ramping up its efforts to compete with TikTok and Reels by introducing a series of enhancements aimed at enriching its short-form video platform, YouTube Shorts. YouTube’s Chief Product Officer, Johanna Voolich, unveiled these updates in a video address to creators, highlighting six new tools designed to enhance the creation and engagement of Shorts […]

Banks offload final $1.2bn debt From Musk’s Twitter buyout
News

Elon Musk’s X develops new downvote feature for replies

Elon Musk’s X, formerly known as Twitter, is progressing with the development of a downvoting feature aimed at enhancing how replies are prioritized in discussions. While the company has not officially confirmed these plans, recent discoveries suggest that the downvote feature might resemble a traditional “dislike” button rather than the typical Reddit-style downvote icon. Code […]

SpaceX launches Starlink Mini for users
News

SpaceX launches Starlink Mini for users

SpaceX has introduced a new option for Starlink users in the US, making the compact Starlink Mini available independently of residential subscriptions. Initially offered to select users in late June, this miniature version of the Starlink dish is designed for portability, fitting conveniently into a backpack. Previously, acquiring the Starlink Mini required a $150 standard […]

Google, Apple partners for easy transfer of images to cloud
News

Google, Apple partners for easy transfer of images to cloud

Google and Apple have unveiled a new tool aimed at simplifying the transfer of images from Google Photos to iCloud, as part of their joint effort known as the Data Transfer Initiative. Initially reported by 9to5Mac, this tool expands Google Takeout’s export options to include iCloud transfers. Scheduled to roll out gradually over the next […]

Banking News

NDIC urge collaboration of law enforcement to combat banking fraud

The Nigeria Deposit Insurance Corporation urged law enforcement agencies to strengthen their partnership to curb banking fraud in the country. This was disclosed by the Managing Director/Chief Executive of NDIC, Bello Hassan on Thursday on Thursday at the annual capacity-building workshop for law-enforcement agents in Lagos, according to The Punch. Hassan, represented by the NDIC […]

Agribusiness News

Stakeholders demand livestock development ministry address food insecurity

Agribusiness players, including the Lagos Chamber of Commerce and Industry and the Commercial Dairy Ranchers Association of Nigeria, have urged the newly established Ministry of Livestock Development to address food insecurity. President Bola Tinubu approved the creation of the Livestock Development Ministry on July 9, 2024, as he inaugurated the Presidential Committee on Livestock Reforms […]

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