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CBN okays FX code to promote ethics

The Central Bank of Nigeria has officially approved the Nigerian Foreign Exchange Code to promote ethical conduct and transparency in the country’s FX market. The Code, announced on the CBN website on Wednesday, is intended to guide the banking sector by ensuring that authorized dealers maintain the highest standards of professionalism and integrity when conducting […]

Amazon to exit Quebec operations, cut 1,700 jobs
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Amazon to exit Quebec operations, cut 1,700 jobs

Amazon has announced plans to wind down its operations in Quebec, resulting in the loss of approximately 1,700 full-time jobs, according to a company spokesperson on Wednesday. The e-commerce giant will close seven sites in the province—the only region in Canada with unionized Amazon employees—over the next two months. The company will shift back to […]

Labour advocates annual minimum wage adjustment to reflect inflation
News

Tariff hike: NLC threatens nationwide boycott of telcos services

The Nigeria Labour Congress has strongly opposed the recent 50% increase in telecommunications tariffs, condemning it as an unfair burden on citizens. The NLC argues that the government is prioritizing corporate profits at the expense of the well-being of ordinary Nigerians, and has vowed to take action to resist the hike. The NLC President, Joe […]

Suspect arraigned for allegedly stealing N1.1bn from Moniepoint
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ICYMI: Suspect arraigned for allegedly stealing N1.1bn from Moniepoint

A 43-year-old man, Sunday Ozimede, was on Monday arraigned before the Federal High Court in Lagos for allegedly hacking Moniepoint Microfinance Bank’s vault and stealing the sum of N1.1 billion. Ozimede faces three charges of conspiracy, hacking, and obtaining money by false pretenses, as brought by the Police Special Fraud Unit. Prosecution counsel, Justine Enang, […]

UK job vacancies drop 23%, signaling economic slowdown
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UK not part of US trade problems – Finance minister

The United Kingdom’s finance minister said on Wednesday that the country is “not part of the problem” regarding the “persistent” trade deficits that President Donald Trump seeks to address. Trump has focused on addressing the trade imbalances the U.S. faces with various countries, seeking to reduce deficits that he views as detrimental to the American […]

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Trade wars doesn’t favour US, EU, Spanish PM replies Trump

Spain’s Prime Minister, Pedro Sanchez, stated on Wednesday that a trade war is not in the interest of the European Union or the United States. “We share a strong transatlantic bond … our economies are very interlinked and I believe a trade war is not in the interest [of either party], neither for the U.S., […]

US considers equity stakes in chipmakers under CHIPS act
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Trump open to Elon Musk purchase of TikTok

United States President Donald Trump expressed openness on Tuesday to the possibility of billionaire Elon Musk acquiring the social media app TikTok, should the Tesla CEO wish to do so. This follows heightened concerns over national security, with U.S. lawmakers pressuring TikTok’s Chinese parent company, ByteDance, to sell the app or face a potential ban. […]

Ex-Meta COO Sheryl Sandberg sanctioned for deleting Cambridge emails
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Ex-Meta COO Sheryl Sandberg sanctioned for deleting Cambridge emails

A Delaware judge has sanctioned Meta Platforms’ former Chief Operating Officer, Sheryl Sandberg, for deleting emails related to the litigation over Facebook’s involvement in the Cambridge Analytica privacy scandal. Despite being instructed to preserve the messages, Sandberg was found to have used a personal account under a pseudonym to erase potentially crucial communications. The ruling, […]

Anthropic counters OpenAI with $1 AI offer to government branches
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Google invests over $1bn in OpenAI rival Anthropic

Google is making a significant investment of more than $1 billion into the artificial intelligence (AI) startup Anthropic, according to a report by the Financial Times on Wednesday. This move comes after reports in January indicated that Anthropic was nearing a $2 billion fundraising round, led by Lightspeed Venture Partners, which would value the company […]

UK reportedly demands backdoor access to Apple user data
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Indonesia, Apple near deal to lift iPhone 16 sales ban

Indonesia is reportedly close to finalizing a deal with Apple Inc. to resolve the ongoing ban on iPhone 16 sales in the country, Investment Minister Rosan Roeslani revealed in an interview with Bloomberg News on Tuesday. Speaking at the World Economic Forum in Davos, Switzerland, Roeslani stated, “Hopefully within one or two weeks, this issue […]

Trump opens TikTok account amid pending ban deadline
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Saudi prince’s firm to invest in TikTok if Musk buys it

Saudi Arabian investment giant Kingdom Holding Company, has expressed interest in investing in ByteDance’s TikTok if billionaire Elon Musk or another buyer acquires the app, CEO Talal Ibrahim al-Maiman revealed in an interview with Al Arabiya TV on Wednesday. The announcement comes as TikTok continues to navigate its uncertain future in the U.S., following an […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
Tech

Google injects another $1b into OpenAI’s rival Anthropic

Alphabet Inc.’s Google is investing an additional $1 billion in AI developer Anthropic, increasing its stake in one of the leading rivals to OpenAI. This new funding adds to the over $2 billion Google has already invested in Anthropic, according to a source familiar with the deal who requested anonymity. Google also has a business […]