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CPPE warns reversing economic reforms could harm Nigeria’s

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CPPE warns reversing economic reforms could harm Nigeria’s economy

Business

OpenAI warns of persistent AI-powered cyberattacks

Tech

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How FG can boost Nigeria's digital growth - Analyst
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Experts lament underinvestment in digital infrastructure across Africa

Experts in the digital economy have highlighted the severe underinvestment in digital infrastructure across Africa, noting that the continent currently accounts for a mere 0.02% of global fiber infrastructure deployment, This was disclosed in a statement at the Hyperscalers Convergence Africa conference in Lagos on Wednesday, according to Nairametrics. The continent currently accounts for a […]

YouTube to tighten monetization rules to combat AI-generated content
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YouTube removes right-wing channels linked to Russia-related indictments

YouTube has confirmed the removal of five right-wing political channels believed to be tied to recent U.S. Department of Justice indictments involving Russia-linked media activities. Among the channels taken down was Tenet Media, which CNN identified as the unnamed company mentioned in the DOJ indictment. The DOJ has accused Russian operatives of paying Tenet Media […]

Telegram CEO unveils plans to enhance content moderation
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Telegram CEO unveils plans to enhance content moderation

Telegram CEO Pavel Durov announced on Friday that the messaging app would enhance its content moderation and remove features that have been exploited for illegal activities. This move comes as Durov faces a formal investigation in France over the use of Telegram for crimes such as fraud, money laundering, and sharing child exploitation material. In […]

Telegram founder alleges French pressure to censor Romanian conservatives
News Tech

Telegram CEO Pavel Durov responds to charges following arrest in France

Telegram CEO and Russian billionaire Pavel Durov has publicly responded to the accusations brought against him by French authorities, marking his first statement since his arrest last month. The founder of Telegram, a social media platform with 950 million users globally, was detained upon arrival in France, where he was scheduled to attend a dinner […]

News

SEC simplifies listing process to boost capital market

The Securities and Exchange Commission has unveiled new measures to simplify the listing process for companies on the Nigerian Exchange. This initiative aims to enhance the attractiveness and efficiency of the Nigerian capital market. The announcement follows a push from SEC Director-General, Dr. Emomotimi Agama, who has advocated for increased corporate participation in the exchange, […]

News

Nigeria targets export of finished products to China, others

The Minister of Foreign Affairs, Yusuf Tuggar, has stated that the country is focusing on exporting “finished products” to China and other parts of the world. This was disclosed in a video uploaded on his official X page on Friday, amid President Bola Tinubu’s state visit to China and his participation in the 2024 Summit […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
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Mark Zuckerberg becomes 2024’s top wealth gainer with $56bn increase

Mark Zuckerberg has emerged as the most significant wealth gainer of 2024, surpassing Nvidia’s Jensen Huang following a volatile week in the markets. According to the Bloomberg Billionaires Index, Zuckerberg’s net worth has surged by $55.6 billion this year, a 43% increase, bringing his total fortune to $184 billion. This leap has elevated him to […]

CAC denies irregular recruitment
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CAC to shut down unregistered PoS businesses after September deadline

The Corporate Affairs Commission has announced that it will begin taking stringent actions, including shutting down Point of Sale businesses that did not comply with its registration requirement by the September 5 deadline. This was disclosed in a public notice released on Friday. The CAC indicated that compliance levels have been insufficient and warned that […]

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Petrol price stability expected due to consistent supply – Lokpobiri

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri announced that the stability of petrol prices nationwide is anticipated due to the consistent supply of fuel. This was disclosed by the Minister, after his meeting with Vice-President Kashim Shettima at the State House. Lokpobiri emphasized that the deregulation of the petroleum industry has shifted […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
News

Reps, NBA, others urge petrol price hike reversal

Key organizations, including the Nigerian Bar Association, and the House of Representatives, have called on the Federal Government to reverse the recent fuel price hike amid worsening fuel scarcity in Nigeria. On Monday, fuel prices surged from N568 per litre to N897 at the Nigerian National Petroleum Company Limited’s filling stations across the country, triggering […]

News

Stakeholders urge review of electricity bills to support businesses

Participants at The Leverage Conference, urged the government to tackle the detrimental impact of soaring electricity bills on small and medium-sized enterprises nationwide. The CEO of Bukola Neville Ltd, Adebukola Adeogun highlighted during the Lagos conference that excessive power costs are stifling business expansion, particularly for nano and micro businesses, according to The Punch. “Outrageous […]

News

FG imposes N2m fine on battery regulation violators

The Federal Government has announced stringent penalties for facilities that violate battery control regulations in Nigeria, noting that violators will face fines of up to N2 million. This was disclosed by the, Director-General, NESREA, Innocent Barikor at the launching of the National Environmental (Battery Control) Regulations for Civil Society and Press on Thursday, according to […]

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