CBN’s funding of FG deficits will hike inflation – IMF
The Central Bank of Nigeria has been encouraged by the International Monetary Fund to take steps to suspend or limit its funding of the government's fiscal deficits if it wants…
Twitter introduces setting to reduce spam messages
Twitter on Thursday introduced a message setting aimed at reducing spam in users' inboxes. Starting "as soon as" July 14, Twitter will roll out a new messaging setting targeted at…
Malaysian PM discusses Tesla investment with Elon Musk
Tech billionaire Elon Musk on Friday spoke with Malaysian Prime Minister Anwar Ibrahim on the phone to discuss SpaceX's satellite communications service and Tesla's investment in the country. "I welcome…
Access Holdings acquires majority shares of Angolan bank Finibanco
Access Holdings has announced that it has successfully acquired the majority of Finibanco Angola. The group stated that the transaction was made through its flagship subsidiary, Access Bank Plc, in…
Airtel, MTN, others must get ad campaign approval – NCC
The Nigerian Communications Commission has introduced new guidelines requiring MTN, Airtel, Glo, and other Mobile Network Operators to obtain the commission's approval before running advertising campaigns. These guidelines aim to…
SWAN names Benjamin Isaiah new president
The previous chairman of the Kaduna State Sports Writers Association of Nigeria, Benjamin Isaiah, has been elected as the association's National President. He was elected president during the recently completed National Triennial…
EU demands return of replaceable smartphone batteries
The European Union has passed new regulations that will require smartphone manufacturers to design devices with user-replaceable batteries, signaling a potential comeback for smartphones with this feature. Once the law…
Twitter expands creator monetization program with Ad revenue sharing
Twitter has announced the expansion of its creator monetization program to include a share of the ad revenue generated from ads appearing in replies to their posts. This move aims…
Nigeria loses $29bn annually to poor electricity supply – AfDB
The African Development Bank has stated that Nigeria loses $29 billion yearly owing to inadequate power supplies, while manufacturers in the country spend up to N10.1 trillion on energy. The president of the…
Snopp Dogg leads music NFT startup Sound’s $20m funding round
The NFT market continues to make waves in the digital assets sector, and music NFT platform Sound has successfully raised $20 million in funding. Notable figures in the NFT community,…
US regulator investigates ChatGPT over ‘bad content’
The US Federal Trade Commission is looking into OpenAI to see if its ChatGPT app causes harm to consumers by providing them with misleading statistics. OpenAI, which is backed…
Why Dangote may merge rice, sugar, salt companies
NASCON Allied Industries Plc, the salt-producing division of Dangote Industries Limited, will discuss a business merger with two other food companies in the group at a meeting of its directors'…
