Meta cuts employee stock options despite record high tradings
Meta has reduced its annual distribution of stock options by approximately 10% for tens of thousands of employees, despite the company’s shares…
News
Apple halts advanced cloud encryption in UK amid govt pressure
Apple Inc. has announced the suspension of its most advanced cloud data encryption feature, Advanced Data Protection, for users in the United…
Starlink becomes Nigeria’s second-largest ISP by subscriber numbers
Elon Musk’s satellite internet company, Starlink, has emerged as Nigeria’s second-largest Internet Service Provider (ISP) by subscriber numbers as of the third…
Meta raises executive bonuses to 200% days after laying off workers
Meta has approved a plan to significantly increase executive bonuses just days after cutting five percent of its workforce, according to a…
FG has spent $8bn to defend Naira – Rewane
The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that the Nigerian government spent about $8 billion to stabilize…
Nigerian-born CEO Damola Adamolekun reflects on saving Red Lobster from bankruptcy
Red Lobster has emerged from bankruptcy with a new strategic direction, led by a Nigerian American CEO, Damola Adamolekun. In a recent…
Move production to US or face tariffs, Trump warns drugmakers
Former President Donald Trump warned drugmakers in a private meeting that tariffs are coming and urged them to relocate overseas manufacturing to…
NITDA partners Flutterwave, Alami to drive fintech growth in Nigeria
The National Information Technology Development Agency has entered into a strategic partnership with Flutterwave and Alami to advance Nigeria’s digital economy. This…
Oil spill hits Bayelsa community as NOSDRA begins recovery
Oil spill hits Bayelsa community as NOSDRA begins recovery Obololi, Southern Ijaw Local Government Area of Bayelsa State as it commenced the…
AfDB, Interpol partner to tackle financial crimes
The African Development Bank Group has signed a Letter of Intent with the International Criminal Police Organization to enhance cooperation in combating…
NOSDRA, F1 Consulting sign MoU to tackle oil spills
The National Oil Spill Detection and Response Agency has partnered with F1 Consulting to improve oil spill response and train its personnel.…
FG woos China to establish electric vehicle assembly plants
The Federal Government is actively seeking to collaborate with China to diversify its economy, particularly by establishing electric vehicle assembly plants within…