Category: News

Meta plans $10bn subsea cable project to boost global infrastructure

Mark Zuckerberg’s Meta, the parent company of Facebook, Instagram, and WhatsApp, is reportedly set to...

Wise faces regulatory action over anti-money laundering controls

British money transfer firm Wise has been placed under a formal remediation plan by European...

Namibia orders Starlink to halt operations over unlicensed service

The Communications Regulatory Authority of Namibia announced on Thursday that it has issued a cease-and-desist...

ByteDance sues ex-intern $1.1m over alleged AI sabotage

China’s ByteDance, the parent company of TikTok, has filed a lawsuit seeking $1.1 million in...

Ngozi Okonjo-Iweala reappointed WTO DG

Nigeria’s former finance minister, Ngozi Okonjo-Iweala has been reappointed as the Director-General of the World...

FG grants licence for 27,000-barrel refinery construction

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has approved a...

Global Internet connectivity grows amid digital divide — Report

The International Telecommunication Union has reported that global internet connectivity has grown; however, the digital...

Baltic Sea cable damage raises fears of sabotage in Europe

The recent severing of subsea cables in the Baltic Sea has raised alarms over potential...

Starlink ordered to halt services in Namibia

Namibia has instructed Starlink Inc. to cease operations immediately, citing the absence of a required...

Court grants N100M bail to former FMBN CEO for alleged $65m fraud case

The Federal High Court in Abuja has granted bail to Mr. Gimba Kumo Yau, former...

NGX records N502.73bn in transactions for October 2024

The Nigerian Exchange reported a total transaction value of N502.73 billion (approximately $300.05 million) for...

Top 10 most expensive foods in Nigeria for October 2024

In October 2024, Nigeria’s headline inflation rate rose to 33.88%, up from 32.7% in September,...