Naira falls 8.25% to N1,669.15 in I&E window
The naira experienced a significant depreciation against the US dollar on Tuesday, closing at N1,669.15 in the official Investor and Exporter window.…
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Local refineries produced 1.46bn litres of petrol – NBS
Nigeria produced only 1.46 billion litres of petrol, from 2015 to 2019, primarily due to low refining capacity from inactive refineries, according…
World Bank partners Nigeria to develop maritime sector
The World Bank Group has expressed its interest in partnering with Nigeria’s Ministry of Marine and Blue Economy to enhance the country’s…
IT entrepreneur David Steward named richest black American
David Steward, an IT entrepreneur from Missouri, has been recognized as the richest Black person in America, according to the 2024 Forbes…
OpenAI raises $6.6bn, valuation soars to $157bn
OpenAI, the creator of ChatGPT, has successfully secured $6.6 billion in funding, potentially valuing the company at $157 billion and solidifying its…
Oando becomes Nigeria’s first local IOC with $4bn valuation
Oando Plc’s operations in the São Tomé and Príncipe Exclusive Economic Zone mark a significant milestone, establishing it as Nigeria’s first indigenous…
Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Bitcoin, the leading cryptocurrency, fell sharply to $60,000 yesterday in response to intense missile strikes by Iran on Israel. Reports indicated that…
Meta to make Facebook creators earn money easily
Meta is streamlining its three monetization programs for Facebook to simplify the process for creators looking to earn on the platform. Previously,…
Italy streamlines temporary work visa for foreigners
In response to a growing shortage of skilled workers, the Italian government is taking significant steps to simplify the application process for…
Meta partners UK banks to combat scams
Meta, the parent company of Facebook, announced on Wednesday that it is collaborating with two major banks in the U.K. to establish…
Crypto hacks result in over $120m in losses in September
In September 2024, cryptocurrency hacks led to losses exceeding $120 million across various platforms, with major incidents occurring at BingX, Penpie, and…
EU questions Snapchat, TikTok, YouTube on AI risks
The European Union on Wednesday, sought additional information from Snapchat, TikTok, and YouTube regarding their content recommendation algorithms, as part of its…