Hackers stole $1.7bn crypto in 2023 – Report
In 2023, cryptocurrency platforms experienced approximately $1.7 billion in theft due to hacker attacks, a significant drop of 54.3% from the previous…
Business
Microsoft hits $3trn cap, remains second most valuable company
Microsoft on Wednesday achieved a significant milestone as its stock market valuation surpassed the $3 trillion mark for the first time. This…
Maize, paddy rice prices to increase in 2024 – AFEX
AFEX forecasts that maize and paddy rice prices in Nigeria will climb by 25% and 40%, respectively, this year. The forecast was…
W’Bank predicts 3.7% growth for Nigeria’s economy in 2025
The World Bank’s recent report, “Global Economic Prospect: Subdued Growth, Multiple Challenges,” estimated that Africa’s largest economy will grow by 3.3%, up…
NGX index exceeds 100,000 points
The benchmark index of the Nigerian Exchange Limited broke beyond the 100,000 basis point barrier on Wednesday, creating a new record high.…
Google unveils AI-powered educational tools
Google has launched a suite of new tools for classroom management, enhanced accessibility, and AI-powered capabilities for generating questions and crafting lesson…
Opay to remove fraudulent accounts from system
Leading fintech company in Nigeria, OPay, has announced that it will be purging fraudulent accounts from its system starting March 1, 2024.…
Inflation’ll drop to 21.4% in 2024 – CBN gov
The Governor of the Central Bank of Nigeria anticipates that headline inflation will decrease to 21.4 percent in 2024. This projection was…
eBay plans to lay off 1,000 workers
Alex Omenye E-commerce giant eBay said on Wednesday that it intends to lay off 1,000 workers, or around 9% of its staff…
US mission in Nigeria launches tech centre in Lagos
Alex Omenye The United States Mission in Nigeria has launched an advanced American Space in Lagos, named the American Corner Lekki. The…
IMF expresses concerns over Kenya’s fuel subsidy reintroduction
The International Monetary Fund has raised concern over Kenya’s plan to reintroduce fuel subsidies. Business Insider reported that the global lender expressed reservations…
World Bank approves $300m support package for Ghana’s economic recovery
The World Bank has approved $300 million in funds to help Ghana’s economic recovery, according to a statement issued on Tuesday. According…