Italy streamlines temporary work visa for foreigners
In response to a growing shortage of skilled workers, the Italian government is taking significant steps to simplify the application process for foreigners seeking temporary work visas. The plan includes…
Meta partners UK banks to combat scams
Meta, the parent company of Facebook, announced on Wednesday that it is collaborating with two major banks in the U.K. to establish an information-sharing arrangement aimed at protecting consumers from…
Crypto hacks result in over $120m in losses in September
In September 2024, cryptocurrency hacks led to losses exceeding $120 million across various platforms, with major incidents occurring at BingX, Penpie, and Indodax. According to Blockchain analytics firm Peckshield Alerts,…
US hacker faces 20 years jail term for $37m crypto theft
A 21-year-old US citizen, Evan Frederic Light, faces up to 20 years in prison for allegedly stealing $37 million in cryptocurrency from an investment company in Sioux Falls, Dakota. He…
NIMC ends physical data modifications, directs Nigerians online
The National Identity Management Commission has announced that it will no longer permit data modification activities at its National Identification Number enrollment centres across Nigeria. This decision, communicated in a…
EU questions Snapchat, TikTok, YouTube on AI risks
The European Union on Wednesday, sought additional information from Snapchat, TikTok, and YouTube regarding their content recommendation algorithms, as part of its Digital Services Act regulations. The European Commission issued…
Petrol imports decline by 3.58bn litres in one year – NBS
The importation of Premium Motor Spirit commonly known as petrol, declined by 3.5 billion litres over the past year, according to data from the National Bureau of Statistics. This significant…
Threads users to see followers, likes from third party platforms
Instagram head Adam Mosseri revealed that Threads users connected to the fediverse can now see followers and likes from other platforms like Mastodon and Pixelfed. This update also extends the…
Why FG hasn’t approved fixed FX rate for Customs — Oyedele
The Chairman of the Presidential Committee on Fiscal Policy, Taiwo Oyedele, has clarified the federal government’s rationale for not yet approving a fixed or pegged exchange rate for calculating Customs…
Oil prices surge over $1 amid escalating Middle-East tensions
Oil prices surged over a dollar in early trading today amid rising concerns about potential disruptions to crude production due to escalating tensions in the Middle East, particularly following Iran's…
Dutch govt pledges €120m to support Lagos waste-to-energy project
The Lagos State Government has announced a €120 million commitment from the Netherlands government to support its waste-to-energy project in collaboration with the Harvest Waste Consortium, a Dutch firm. This…
ExxonMobil-Seplat deal to increase Nigeria’s oil output – Experts
The conclusion of the $1.28 billion divestment deal between ExxonMobil and Seplat, along with similar transactions in Nigeria's upstream oil sector, is expected to boost oil output by 21.4%, reaching…
