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Embrace skills, entrepreneurship, over white-collar jobs, Kwara urges youths

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Lego website targeted by cryptocurrency scam
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Lego website targeted by cryptocurrency scam

Visitors to Lego’s website on the evening of October 4 were met with a banner featuring golden coins and a message announcing the launch of a “Lego coin” along with promises of “secret rewards” for buyers. However, Lego is not actually launching a cryptocurrency. Instead, users discovered that the purchase button redirected them to an […]

X still offline in Brazil as company pays fine to wrong account
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X still offline in Brazil as company pays fine to wrong account

Despite complying with the Brazilian Supreme Court’s demands, X remains offline in Brazil. According to Reuters, the delay is partly due to the company paying its fines to the wrong bank. After being banned since late August, X appointed a legal representative in Brazil and removed accounts accused of spreading misinformation and hate speech. The […]

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Naira-for-crude initiative kicked off October 1 — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the sale of crude oil and refined petroleum products in naira officially commenced on October 1, 2024. Edun shared this update in a statement on his official X handle on Saturday. This initiative follows a meeting of the Implementation Committee, […]

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The Central Bank of Nigeria has mandated all Deposit Money Banks and foreign exchange market participants to submit compliance reports regarding the FX Code by December 31, 2024. This initiative aims to enhance the integrity and efficiency of Nigeria’s foreign exchange market, aligning it with global standards, according to The PUNCH. The FX Code, effective […]

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Nigeria’s space capabilities set to achieve global recognition – NASRDA

The National Space Research and Development Agency has announced its ambitious goal to enhance Nigeria’s recognition in the global space sector. It also reaffirmed the agency’s committed to positioning Nigeria as a significant player in the expanding global space economy, emphasizing the importance of advancing the country’s space capabilities on the international stage. This strategic […]

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CBN sells $543.5m in FX to authorized banks over 11 days

The Central Bank of Nigeria sold a total of $543.5 million at rates of N1,540 and N1,580 to authorized dealer banks between September 6 and September 30, 2024. This transaction amounts to approximately N844.92 billion in naira. This was disclosed in a statement signed by the Director, Financial Markets Department of CBN, Omolara Duke, on […]

Meta plans fourth AI overhaul in six months
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Meta unveils AI video generator to tackle OpenAI

Meta has announced the launch of its new AI model, Movie Gen, on Friday, a technology designed to generate realistic video and audio clips based on user prompts. The company claims that Movie Gen is poised to compete with industry leaders such as OpenAI and ElevenLabs. In demonstrations shared by Meta, Movie Gen showcased its […]

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Ireland launches investigation into Ryanair’s facial recognition practices

Ireland’s Data Protection Commissioner has initiated an EU-wide investigation into Ryanair’s use of facial recognition technology for verifying customer identities on certain third-party websites. The probe follows multiple complaints from Ryanair customers across the European Union regarding the airline’s additional verification measures when booking tickets through online travel agents rather than directly with Ryanair. As […]

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Coinbase to delist certain stablecoins ahead of regulatory changes

Coinbase announced on Friday that it will delist specific stablecoins in the European Economic Area by the end of this year, as the cryptocurrency exchange prepares for stricter regulations in the region. The European Union’s comprehensive regulatory framework, known as the Markets in Crypto-Assets regulation, which was introduced earlier this year, is set to take […]

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Kano pilot flies first Emirates plane into Nigeria after two-year hiatus

Tuesday marked a significant milestone for Nigeria’s aviation sector as Emirates Airlines made its return to Murtala Muhammed International Airport in Lagos after a two-year hiatus. Notably, the flight was piloted by Mohammed Madugu, a Nigerian-born pilot, highlighting both the airline’s comeback and the achievements of local talent in the industry. Madugu shared a video […]

Facebook to delete live videos after 30 days, introduces download options
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Meta updates Facebook to woo Gen Zs, young adults

Facebook, once synonymous with social networking for parents and grandparents, is taking steps to attract younger users, head of Facebook at Meta Tom Alison said. Alison emphasized that while the platform originally focused on connecting family and friends, its future lies in helping users expand their networks and make new connections, aligning with how younger […]

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UAE grants Nigeria full access to airports – Keyamo

Nigeria’s Minister of Aviation, Festus Keyamo, has announced a new Bilateral Air Service Agreement with the United Arab Emirates, granting Nigerian airlines full access to all UAE airports In return, UAE airlines, including Emirates, will have unrestricted access to Nigerian airports. Keyamo made this announcement during a press briefing marking Emirates Airlines’ return to Nigeria, […]

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