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Meta tests in-house AI chip to reduce reliance on Nvidia
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Meta faces €91m fine for privacy breach in Ireland

Meta has been issued a hefty privacy penalty in Europe, with Ireland’s Data Protection Commission announcing a €91 million fine (approximately $101.5 million) on Friday. This follows a multiyear investigation into a significant security breach that occurred in 2019 involving Facebook’s parent company. The DPC initiated an inquiry in April 2019 after Meta disclosed that […]

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Presidency clarifies stance on NNPCL, Dangote refinery fuel price dispute

The Presidency in a statement clarified the government’s position on the ongoing price dispute between the Nigerian National Petroleum Company Limited and Dangote Refinery. Officials highlighted that both entities operate as private enterprises, which precludes government agencies from intervening in their pricing negotiations. In a statement on Friday, the Special Assistant to the Honourable Minister […]

SpaceX’s Starlink hit 4m subscribers
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SpaceX’s Starlink hit 4m subscribers

SpaceX’s Starlink satellite internet service is set to achieve a significant milestone this week, surpassing 4 million subscribers. President of SpaceX, Gwynne Shotwell, announced this achievement during a testimony before the Texas House Appropriations Committee on Tuesday. The milestone was officially confirmed by SpaceX on Thursday. This new benchmark reflects remarkable growth for Starlink, which […]

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OPEC+ intensifies compliance measures amid oil output cuts

The OPEC+ alliance is intensifying efforts to enforce compliance with oil output cuts, implementing a three-pronged strategy of both formal and voluntary production reductions. Anonymous delegates revealed that the focus on adherence has heightened due to overproduction from major members like Iraq and Kazakhstan, as well as Russia occasionally exceeding its quota, according to CNBC. […]

A Samsung Galaxy Buds FE user in Ankara has reported a harrowing incident in which his girlfriend experienced a life-threatening situation when the earbuds allegedly exploded inside her ear, resulting in permanent hearing loss. In a post on the Turkish Samsung forum, the man detailed his experience, which soon caught the attention of various media outlets. He explained that he had purchased the new Galaxy Buds FE to pair with his Galaxy S23 Ultra phone. At the time of the incident, the earbuds were only 36 percent charged and had not been used extensively. According to the user, he let his girlfriend try the earbuds, but they unexpectedly exploded while in her ear, leading to serious health consequences. He shared images of the damaged earbud on the forum to illustrate the incident. After reaching out to Samsung, he took the exploded device to a service center in Cemalpasa, Adana. He stated that the staff were initially shocked and offered apologies, but the situation took a turn when they reported that the earbuds had merely “deformed” rather than exploded. They offered to replace the earbuds as a goodwill gesture. In his post, the user quoted Samsung as saying, “Take it or leave it. If you wish, you can pursue your legal rights.” He expressed frustration over the lack of accountability, noting that he has been dealing with the issue for months. He possesses the invoice, documentation of the explosion, before-and-after photos, and a medical report confirming hearing loss attributed to the incident. This isn’t the first time Samsung has faced scrutiny over safety concerns; the company previously dealt with serious issues related to exploding batteries in the Galaxy Note 7, which led to its discontinuation in 2016.
News

Turkish woman suffers hearing loss after Samsung earbuds explodes

A Samsung Galaxy Buds FE user in Ankara has reported a harrowing incident in which his girlfriend experienced a life-threatening situation when the earbuds allegedly exploded inside her ear, resulting in permanent hearing loss. In a post on the Turkish Samsung forum, the man detailed his experience, which soon caught the attention of various media […]

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CBN extends suspension of cash deposit processing fees to 2025

The Central Bank of Nigeria has announced an extension of the suspension on cash deposit processing fees, now lasting until March 31, 2025. This decision aims to alleviate financial burdens and encourage greater use of banking services. The CBN disclosed this in a letter to banks and other financial institutions in the country signed by […]

OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations
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OpenAI CEO teases restructuring amid lawyer, stakeholders negotiations

OpenAI CEO Sam Altman dismissed claims on Thursday that the recent departures of three senior executives were connected to a planned restructuring of the company. This follows the abrupt resignation of longtime Chief Technology Officer Mira Murati on Wednesday, with senior research executives Barret Zoph and Bob McGrew also announcing their exits shortly afterward. On […]

News

Uber, Bolt drivers urge inclusion in free CNG conversion initiative

E–hailing drivers affiliated with platforms such as Uber, Bolt, and InDrive have urged the Federal Government to include them in the ongoing initiative for the free conversion of commercial vehicles to Compressed Natural Gas. The drivers argue that their inclusion in this scheme would significantly reduce operating costs and promote a more sustainable transportation sector. […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
News

Insecurity forces closure of five microfinance banks in southeast

A minimum of five microfinance banks in Nigeria’s southeast were shut down in September 2023 due to rising insecurity in the region. This was disclosed by the Deputy Director of the Nigeria Deposit Insurance Corporation, Pamela Roberts at the Enugu Zonal Office, during the ongoing NDIC Workshop for Business Editors and Finance Correspondents Association of […]

Elon Musk denounces French X probe as politically motivated
News

Musk’s X seeks Brazilian comeback amid misinformation feud

In a significant reversal, Elon Musk’s X has informed Brazil’s Supreme Court that it has complied with orders to curb the spread of misinformation and requested the lifting of the platform’s ban. Musk had resisted compliance for over five months, criticizing the orders as “censorship” and clashing with a judge in one of X’s most […]

Dell technologies slash workforce by 10%
Tech

Dell mandates five days in-office work for global sales team

Alex Omenye Dell Technologies has announced that employees in its global sales team who are able to work from company offices must return to in-person work five days a week, starting September 30. The decision aims to foster a more collaborative environment and enhance skill development, which the company believes requires a physical presence in […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
News

Banks close 23.3 million customer accounts in July

Commercial and merchant banks in Nigeria closed 23.3 million customer accounts in July, according to data from the Nigerian Interbank Settlement System. However, this figure represents a 5.6 per cent month-on-month increase when compared to 23.17 million bank accounts closed in June 2024, according to Vanguard. Further analysis showed that from January to July, the […]

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