CBN defends interest rate hike as measure to combat inflation
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has strongly defended the bank’s decision to raise the Monetary Policy…
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DisCos generates N887bn in revenue amid tariff hike
Nigeria’s electricity distribution companies have generated a total of N887.86 billion in revenue during the first seven months of 2024, driven by…
Naira-for-crude: Three refineries set to begin petrol production
The Nigerian National Petroleum Company Limited is set to begin supplying crude oil in naira to the Dangote Petroleum Refinery this week,…
Nigeria, Turkey set to boost bilateral relations
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture, along with the Nigeria Türkiye Business Council, has committed to enhancing…
Google expands gmail Q&A feature to iPhones
A few months ago, Google launched a new feature for Gmail that leverages its Gemini AI, allowing users to search for specific…
Lego website targeted by cryptocurrency scam
Visitors to Lego’s website on the evening of October 4 were met with a banner featuring golden coins and a message announcing…
X still offline in Brazil as company pays fine to wrong account
Despite complying with the Brazilian Supreme Court’s demands, X remains offline in Brazil. According to Reuters, the delay is partly due to…
Nigeria’s space capabilities set to achieve global recognition – NASRDA
The National Space Research and Development Agency has announced its ambitious goal to enhance Nigeria’s recognition in the global space sector. It…
CBN sells $543.5m in FX to authorized banks over 11 days
The Central Bank of Nigeria sold a total of $543.5 million at rates of N1,540 and N1,580 to authorized dealer banks between…
Meta unveils AI video generator to tackle OpenAI
Meta has announced the launch of its new AI model, Movie Gen, on Friday, a technology designed to generate realistic video and…
Ireland launches investigation into Ryanair’s facial recognition practices
Ireland’s Data Protection Commissioner has initiated an EU-wide investigation into Ryanair’s use of facial recognition technology for verifying customer identities on certain…
Coinbase to delist certain stablecoins ahead of regulatory changes
Coinbase announced on Friday that it will delist specific stablecoins in the European Economic Area by the end of this year, as…