FG receives $500m W’Bank loan for power distribution
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector. This was disclosed by the Bureau…
News
Job cuts loom as ExxonMobil scales down Nigeria operations
Exxon Mobil is scaling down its operations in Nigeria as it moves to reduce its office space in Lagos while curtailing activities…
Huggies diaper maker to announce closure of Ikorodu production facility
The renowned manufacturer of Huggies diapers and Kotex sanitary pads, Kimberly-Clark is set to announce the imminent shutdown of its production facility…
Instagram expands ‘Limits’ tool to protect teens from harassment
In an effort to combat harassment, Instagram announced on Thursday an expansion of its “Limits” tool specifically designed for teenagers. This tool…
NDPC raises data protection license fee to N2m
The Nigeria Data Protection Commission has increased the license fee for Data Protection Compliance Organizations from N50,000 to N2 million. The aim…
Tarrif hike: DisCos sweat as manufacturers insist on old rates
Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to pay the newly approved tariff rates, opting…
BlackRock’s Bitcoin ETF surpasses Grayscale, becomes world’s largest
BlackRock’s spot Bitcoin Exchange Traded Fund, known as the iShares Bitcoin Trust, has overtaken Grayscale’s Bitcoin Trust to become the world’s largest…
Meta discovers networks behind deceptive AI content
Meta reported on Wednesday that it discovered “likely AI-generated” content being used deceptively on its Facebook and Instagram platforms. This included comments…
PwC set to become OpenAI’s biggest reseller
PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant…
Flutterwave secures payment aggregator license in Mozambique
Alex Omenye Flutterwave, Africa’s leading payment technology company, announced today that it has received an approval-in-principle for its payment aggregator license from…
Jumia unveils warehouse, logistics facility to boost operations in Nigeria
Jumia Nigeria has introduced a new combined warehouse and logistics network facility to enhance delivery efficiency. This disclosure was made at the…
Tinubu moves to settle ExxonMobil, Seplat Energy rift
President Bola Tinubu has reaffirmed his commitment to resolving the divestment issues between ExxonMobil and the indigenous energy company, Seplat Energy. This…