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Meta's Threads hits 175m monthly users amid challenges
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Meta’s Threads hits 175m monthly users amid challenges

CEO of Meta Platforms, Mark Zuckerberg, announced on Wednesday that Threads, the company’s social media offering, has surpassed 175 million monthly active users ahead of its first anniversary. Threads, introduced as a competitor to X (formerly Twitter), debuted on app stores on July 5 last year amidst the chaotic takeover of X by Elon Musk, […]

Astro: Amazon halts $2,349 security robot for business, targets households
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Astro: Amazon halts $2,349 security robot for business, targets households

Amazon has announced that it will discontinue its Astro for Business security robot aimed at small- and medium-sized businesses, as the company redirects its efforts towards household robots. Initially launched in 2021 as a canine-like robot for household tasks, Astro garnered attention for its capabilities in home monitoring, setting routines, reminders, and entertainment functionalities like […]

Bezos courts Trump, seeks edge over Musk in space race
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Jeff Bezos plans $5bn Amazon share sale

Jeff Bezos, founder and executive chair of Amazon, intends to sell nearly $5 billion worth of shares in the e-commerce giant, according to a regulatory filing released after market hours on Tuesday. The proposed sale of 25 million shares comes as Amazon’s stock reached an all-time high of $200.43 per share during the trading session. […]

News Oil and Gas

Oando seals assets acquisition deal with Agip

The Federal Government announced the completion of oil asset transactions including the Nigerian Agip Oil Company, NAOC, and Oando, as well as Equinor-Project Odinmim divestments. This was disclosed by the Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe at the ongoing NOG Energy Week in Abuja on Wednesday, according to Vanguard. He […]

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 Industrial Medical Gases Nigeria Plc announce Aminu Ado as chairman

The Board of Directors of Industrial & Medical Gases Nigeria Plc has announced Mr. Aminu Ado’s appointment as substantive Chairman of the firm. This was disclosed by the company’s notice to the Nigerian Exchange Limited and the investing public. The statement reads “We write to formally notify the investing public and Nigerian Exchange Limited that […]

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Analyst express worry over Nigeria’s FDI decline

The Chief Executive Officer, The CFG Advisory, Mr. Tilewa Adebajo, has voiced concern over the reduction in foreign direct investment which has reached an all-time low of less than $1 billion. Nigeria’s debt repayment now exceeds its recurrent and capital expenditures. This was disclosed by Adebajo while speaking on the topic, ‘Nigeria’s Fiscal Environment in […]

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NECA supports FG’s zero tariff for pharmaceutical sector

The Nigeria Employers’ Consultative Association has praised the Federal Government for issuing a new Executive Order establishing zero tariffs, duties, and value-added tax for pharmaceutical products. It was revealed on Friday that President Bola Tinubu had signed an Executive Order introducing zero tariffs, Excise Duties and VAT on some pharmaceutical raw materials and specialised pharmaceutic […]

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Probe promotion stagnation in civil service, lawmakers urge FG

The House of Representatives has requested that the Federal Government investigate the alleged stagnation of civil service promotion between 2013 and 2023 to ensure efficient and effective public service delivery. The House took the decision sequel to the adoption of a motion moved by the member representing Ijumu/Kabba-Bunu Federal Constituency, Kogi State, Mr. Salman Idris […]

Meta to integrate generative AI into VR, AR metaverse games
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Meta to integrate generative AI into VR, AR metaverse games

Meta is planning to enhance its virtual reality, augmented reality, and mixed reality games with generative AI technology as part of an effort to revitalize its metaverse strategy. According to a recent job listing, Meta is looking to research and prototype “new consumer experiences” through gameplay driven by generative AI. These games would feature elements […]

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