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CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
News

1,000 CBN staff left voluntarily – Cardoso

The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the 1,000 staff members who left the bank did so voluntarily. He made this remark on Friday during the resumed House of Representatives investigative hearing on the disengagement of these workers by the CBN. The CBN on December 4, clarified that its […]

Microsoft to boost startup speed of office apps
Tech

Microsoft to invest $80bn in AI data centres 2025

Microsoft plans to invest $80 billion in fiscal 2025 to build data centers for AI workloads, according to a blog post by Vice Chair and President Brad Smith. Over half of this spending will occur in the U.S. Microsoft’s fiscal year 2025 ends in June. “Today, the United States leads the global AI race thanks […]

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Obasanjo aide slams ‘disrespectful’ NNPCL invitation

Former President Olusegun Obasanjo has criticized the Nigerian National Petroleum Corporation Limited over an invitation extended to him for a tour of the Port Harcourt and Warri refineries. Obasanjo labeled the invitation as disrespectful, implying that it lacked the proper regard for his status and contributions to the nation. The invitation for tour of the […]

Nigerian data agency to impose heavy violations in 2025
News

Nigerian data agency to impose heavy violations in 2025

The Nigeria Data Protection Commission has announced plans to begin imposing heavy fines on businesses that handle Nigerians’ data—known as data controllers and data processors—starting in 2025. The Commission’s National Commissioner, Dr. Vincent Olatunji, revealed this move in his outlook for the year, highlighting a significant shift in the enforcement of the Nigeria Data Protection […]

Foreign smartphone shipments to China drop 47.4% in Nov 2024
News

Foreign smartphone shipments to China drop 47.4% in Nov 2024

Shipments of foreign-branded smartphones, including Apple Inc.’s iPhone, to China dropped by 47.4% in November compared to the same period last year, according to data released on Friday by the China Academy of Information and Communications Technology. This marks the fourth consecutive month of decline for foreign brands in the world’s largest smartphone market. The […]

Tesla awaits approval to launch smart driving feature in China
News

Tesla reports high sales despite global decline in deliveries

Electric vehicle maker Tesla announced on Friday that its sales in China increased by 8.8% in 2024, reaching a record high of more than 657,000 vehicles. This strong performance in China comes at a time when Tesla’s global deliveries saw their first-ever decline, reflecting challenges in other markets. Tesla’s sales in the world’s largest auto […]

Meta appoints Joel Kaplan new global affairs chief
News

Meta appoints Joel Kaplan new global affairs chief

Tech giant Meta has appointed Joel Kaplan as its new Chief Global Affairs Officer, replacing Nick Clegg as Meta repositions itself in anticipation of U.S. President-elect Donald Trump’s inauguration. Kaplan, who previously reported to Clegg, has a long history in Republican politics, having served as Deputy Chief of Staff for Policy under former President George […]

News

Expert urges govt exit from refinery operations

An energy expert and CEO of Dairy Hills, Kelvin Emmanuel, has suggested that the Nigerian government withdraw from refinery operations. He advocates for a transition to private sector management, emphasizing the potential for increased efficiency and improved performance in the oil and gas sector under private control. In an ARISE NEWS interview on Friday, Emmanuel […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple to pay $95m to settle Siri lawsuit

Apple has agreed to pay $95 million to settle a class-action lawsuit alleging that its Siri voice assistant recorded users’ private conversations without consent and shared them with third parties, such as advertisers. The lawsuit claimed that Siri was inadvertently activated, capturing confidential discussions. Some users reported receiving targeted advertisements after mentioning specific products, suggesting […]

Comedian AY's ‘The Waiter’ hits N200m at Box Office
News

Comedian AY’s ‘The Waiter’ hits N200m at Box Office

Comedian and actor Ayo Makun, widely known as AY, has achieved a remarkable feat with his latest movie “The Waiter,” which has now grossed a staggering N200 million at the box office. In a statement, AY expressed his heartfelt gratitude to the fans whose support was crucial to the film’s success. “We are beyond thrilled […]

Elon Musk’s home sparks dispute with Texas neighbours
News

Musk’s investments posed no threat to Italy, says PM

Prime Minister Giorgia Meloni has stated that investments by companies owned by Elon Musk, do not pose a threat to Italy. This follows concerns raised by some regarding the influence of foreign companies. “I work to have major investments in Italy and evaluate the usefulness of each investment through the prism of our national interest,” […]