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FG’s IT infrastructure investment hits N3.8tn

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

US considers Google breakup amid antitrust case

The US Justice Department has informed a federal judge that it is contemplating a recommendation to force Google to divest certain parts of its operations to address the harm caused by its monopolization of the online search market. This potential move could result in a historic antitrust breakup of the tech giant, according to Bloomberg. […]

News

Oil prices stabilise amid Middle-East uncertainty

Oil prices steadied in Asian trading on Wednesday as traders balanced concerns over the ongoing Middle East conflict with persistent bearish market fundamentals. Brent crude futures increased by 11 cents, or 0.14%, reaching $77.29 a barrel by 0223 GMT. Meanwhile, U.S. West Texas Intermediate futures rose by 3 cents to $73.60 a barrel, according to […]

News

S’Korean consortium plan four 100,000-barrel refineries in Nigeria – FG

The Federal Government announced on Tuesday that a consortium of investors from South Korea has finalized plans to build four refineries, each with a capacity of 100,000 barrels, at various locations across the country. This investment is expected to enhance Nigeria’s refining capabilities and contribute to the local economy. This was disclosed by the Minister […]

News

Dangote tells FG to stop crude-for-loan deals

The President of Dangote Group, Aliko Dangote has called for Nigeria to stop mortgaging its crude oil to ensure a stable supply of feedstock for local refineries. Speaking at a summit organized by the Crude Oil Refinery Owners Association of Nigeria in Lagos, Dangote lamented that while countries like Norway are investing oil proceeds into […]

Dangote Refinery loses N32.5bn after petrol price cut
News Oil and Gas

Marketers to begin direct purchases of petrol from Dangote refinery

In a significant shift within Nigeria’s oil sector, major oil marketers are set to begin direct purchases of Premium Motor Spirit from the Dangote Petroleum Refinery from this Thursday and continuing into next week. This development follows the Nigerian National Petroleum Company Limited’s decision to withdraw as the exclusive off-taker of the product from the […]

Russia blocks Discord for violating local laws
News

Russia blocks Discord for violating local laws

Russia’s communications regulator has blocked the instant messaging platform Discord for allegedly violating Russian law, according to a report from TASS news agency on Tuesday. This move makes the San Francisco-based company the latest foreign tech platform to face restrictions in Russia. For several years, Russian authorities have mandated that foreign technology companies remove content […]

FTX bankruptcy plan approved, customers set to be repaid
News

FTX bankruptcy plan approved, customers set to be repaid

FTX received court approval for its bankruptcy plan on Monday, paving the way for the beleaguered crypto exchange to repay customers using up to $16.5 billion in assets recovered since its collapse. U.S. Bankruptcy Judge John Dorsey endorsed the wind-down plan during a court hearing in Wilmington, Delaware, calling FTX’s case “a model” for complex […]

Adobe to launch Photoshop for mobile users
News

Adobe unveils free tool to protect creators’ AI content rights

Adobe announced on Tuesday that it will introduce a free web-based application next year designed to help creators of images and videos receive proper credit for their work used in artificial intelligence systems. Since 2019, Adobe and other tech companies have been collaborating on “Content Credentials,” a digital stamp intended to identify the origins of […]

New York man pleads guilty to distributing porn on OnlyFans
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New York man pleads guilty to distributing porn on OnlyFans

A New York man has admitted to distributing child pornography on the adult content platform OnlyFans. Matthew Richardson, 36, pleaded guilty to one count of distributing child pornography in federal court. According to court documents, Richardson met a 16-year-old girl at a grocery store and began a sexual relationship. He subsequently recorded himself engaging in […]

Trump opens TikTok account amid pending ban deadline
Tech

13 US states sue TikTok over addiction, child safety claims

TikTok is facing renewed legal challenges as 13 U.S. states and the District of Columbia filed lawsuits on Tuesday, accusing the popular social media platform of failing to protect young users and causing harm through its design. The lawsuits, filed separately in New York, California, and 11 other states, expand the legal scrutiny surrounding the […]

Starlink expands African footprint, enters Guinea-Bissau
News

NCC backtracks stance, says Starlink price hike approved

The Nigerian Communications Commission has reversed its earlier claim that Starlink, the satellite internet service provider, did not obtain regulatory approval for its recent price increase. In a Tuesday morning statement, the NCC initially indicated that Starlink would face sanctions for raising its subscription prices without prior authorization. “We were surprised that the company jumped […]

News

FG designates Dangote refinery sole supplier of Jet A1

The Federal Government has officially designated Dangote Refinery as the exclusive supplier of jet fuel for airline operators in Nigeria. This approval marks a significant development in the aviation sector, aiming to streamline fuel supply and enhance operational efficiency for airlines across the country. This was disclosed by the Minister of Aviation and Aerospace Development, […]

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