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Ex-Chief Risk Officer sues NIBSS for N1bn over wrongful termination, fraud

A former Chief Risk Officer of the Nigeria Inter-Bank Settlement System, Temidayo Adekanye, has taken legal action against the switching company for what he alleges to be wrongful termination of his employment. Adekanye claims that his dismissal came months after he raised concerns about financial impropriety within the organization. Court documents reveal that Adekanye is […]

Disney, Warner Bros to launch joint streaming bundle
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Disney, Warner Bros to launch joint streaming bundle

Disney and Warner Bros. Discovery are set to shake up the streaming industry with the announcement of a new streaming bundle comprising Disney+, Hulu, and Max. This move underscores a significant development in the ever-evolving streaming landscape, characterized by the bundling of premier brands. The bundle, expected to launch this summer, will offer both ad-supported […]

CAC to delete inactive companies in 90 days
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CAC opens bulk registration for PoS operators ahead of July deadline

The Corporate Affairs Commission has taken a significant step towards the bulk registration of Point of Sale operators in Nigeria with the unveiling of a dedicated center for this purpose. This move comes in the wake of a recent two-month deadline issued to PoS operators to undergo registration, aimed at sanitizing the business segment and […]

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Standard Chartered, Lagos Food Bank partner to support 300 families

Standard Chartered Bank has collaborated with the Lagos Food Bank Initiative to sort, pack, and distribute food and dental hygiene boxes to support 300 less privileged and vulnerable families. The Bank said that the initiative, aimed at tackling hunger, had shown its commitment to supporting communities where it did business, according to The Punch. The […]

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Seaport operators boss Vicky Haastrup bags ICAN award

The Chairman, of the Seaport Terminal Operators Association of Nigeria, Vicky Haastrup, was recently conferred with the Leadership Award by the Institute of Chartered Accountants of Nigeria. According to STOAN, the award was presented to Haastrup at the ICAN Annual Dinner and Awards held in Lekki, Lagos, in 2024. It said that the award was […]

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Commonwealth council urges deeper FG, states collaboration to boost trade

The Chief Executive Officer of the Commonwealth Enterprise and Investment Council, Rosie Glazebrook, has proposed a deepened partnership between the federal and state governments that would boost trade and investment opportunities between Nigeria and other member countries of the Commonwealth. Glazebrook made a case for enhanced collaboration by leading a delegation of CWEIC Strategic Partners […]

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Nigeria Air: Ex-aviation minister, daughter to face trial over alleged N2.7bn fraud

The Economic and Financial Crimes Commission will today indict the immediate Past Minister of Aviation, Hadi Sirika, on an allegedly N2.7 billion fraud linked to a botched Nigerian Air project unless any last-minute changes are made. Sirika, his daughter Fatimah, and two others will appear before Justice Sylvanus Orji of the Federal Capital Territory High […]

FTX moves to repay investors with interest
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FTX moves to repay investors with interest

FTX has submitted a proposal to a bankruptcy court outlining a plan to refund creditors who held cryptocurrency at the troubled exchange. The majority of customers are slated to receive their funds back with interest, although both creditors and debtors missed out on substantial gains in the crypto market following FTX’s dramatic collapse in November […]

Google’s DeepMind unveils AI-designed drug model
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Google’s DeepMind unveils AI-designed drug model

Google DeepMind has introduced the third major version of its “AlphaFold” artificial intelligence model, aimed at assisting scientists in designing drugs and targeting diseases more effectively. In 2020, the company achieved a significant breakthrough in molecular biology by utilizing AI to accurately predict the behavior of tiny proteins. With the latest iteration of AlphaFold, researchers […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
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Apple iPhone’s Chinese shipment rises by 12%

Shipments of Apple iPhones in China saw a notable increase of 12% in March, according to data from a research firm associated with the Chinese government. The surge in shipments of foreign-branded phones, totaling 3.75 million units, compared to 3.35 million units in the previous year, was highlighted in a report published on Wednesday by […]

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Norther groups reject Tinubu govt’s cybersecurity levy

The Coalition of Northern Groups has rejected the newly introduced 0.5 per cent cybersecurity levy to be charged on all bank transactions. The Central Bank of Nigeria has directed the banks in the country to start charging a 0.5 per cent cybersecurity levy on electronic transfers. This was disclosed by the CBN via a circular […]

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US, Coca-Cola target 10,000 jobs with plastic solutions program in Nigeria

The United States Agency for International Development in collaboration with The Coca-Cola Foundation and TechnoServe Nigeria, is pleased to announce the launch of the Nigeria Plastic Solutions Activity. This impactful initiative, funded equally by Coca-Cola and USAID with a combined investment of $4 million, tackles the critical challenge of plastic waste management in Nigeria through […]

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