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Tag: Nigeria

Nigerian Exchange ahead in Africa with 33.70% gain
Business

Naira falls to 1300/$ at parallel market

The naira fell to N1,300/$ on the parallel market on Tuesday. As confirmed with the Bureau de Change operators, this comes after it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 for the day. An Abuja Bureau de Change operator in Zone 4, Magaji Muhammed, reported the rate climbed to N1,300/$ on Tuesday. He replied, […]

Google to revises app rules after EU charges over market abuse
News Tech

Google lays off hundreds from sales team

Google on Tuesday announced that the company is letting go of hundreds of staff in its advertising sales team. The layoff of the advertising team is the latest job cut in the tech giant. Google said last week that it will be laying off a number of staff members from its augmented reality team, hardware […]

OpenAI mulls $500bn valuation in employee share sale talks
News Tech

OpenAI focus on democratic processes for AI softwares

The artificial intelligence lab OpenAI said that it is assembling a new team to establish democratic methods to determine how its AI software should be controlled to address prejudice and other concerns. In a blog post on Tuesday, the company said the “Collective Alignment” team is carrying on the activities of a grant program that […]

Top female MDs, CEOs in Nigerian banks
Banking News

Top female MDs, CEOs in Nigerian banks

Nigeria’s financial sector is undergoing a revolutionary change, and nine remarkable women are driving this change. Olayemi Cardoso, the governor of the Central Bank of Nigeria, named new CEOs on January 11 to manage the Union, Keystone, and Polaris Banks. The CBN dissolved the boards and managements of these banks for purported violations of corporate […]

How IRS will tax Bitcoin ETFs
Crypto News

How IRS will tax Bitcoin ETFs

With only one share, investors may get exposure to a wide range of assets and industries thanks to exchange-traded funds also known as ETFs. Investors may purchase bitcoin without actually possessing the cryptocurrency by using a bitcoin exchange-traded fund. An ETF is introduced by many entities. Regarding the bitcoin ETF, funds are contributed to a […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance opens crypto trading in Thailand

Alex Omenye Binance said on Tuesday that it has made its bitcoin exchange available for trade in Thailand. According to a release, Gulf Binance is a joint venture between Binance and Gulf Innova of Thailand. It will function as an exchange and brokerage platform that lets customers buy and sell digital assets using local currency […]

Ikea to cut prices this year due to deflation - CEO
Business

Ikea to cut prices this year due to deflation – CEO

Ikea has stated ahead of the World Economic Forum’s annual conference that it will keep to planned price cuts despite Red Sea shipping interruptions driving up prices. According to Reuters, the CEO of Ingka Group,  Jesper Brodin, which owns the majority of Ikea shops worldwide, stated that price pressures had lessened, so the company would continue to planned price cuts […]

Business featured

Shell to sell Nigerian onshore oil assets for $1.3bn

Shell Plc has agreed to sell its Nigerian onshore oil assets to a local partnership for more than $1.3 billion, subject to government permission. According to Bloomberg, Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich, confirmed the deal in a statement on Tuesday, emphasizing the company’s focus on streamlining its portfolio and directing disciplined investments […]

Apple to halt blood oxygen feature on smartwatches
Business

Apple to halt blood oxygen feature on smartwatches

Apple has decided to remove the blood oxygen feature from smartwatches in order to avoid an import prohibition. This is coming after some of Apple’s smartwatches were been the subject of a patent dispute with medtech company Masimo. According to Bloomberg, the change will most likely take place only if Apple loses its appeal of […]

UK expands work visa sponsors for Nigerians
News

UK expands work visa sponsors for Nigerians

The UK updated the list of organizations eligible to sponsor work visas for Nigerians in 2024 on January 12, 2024. These businesses are authorized to sponsor skilled worker relocations using the temporary worker immigration process. The amended list now includes 99,856 companies, an increase of 31,226 from the 68,630 certified in January 2023. Among the […]

Microsoft announced Monday that it will eliminate developer onboarding fees for the Microsoft Store on Windows
News Tech

Microsoft partners Vodafone to provide cloud services

In order to provide generative AI, digital, enterprise, and cloud services to over 300 million organizations and consumers throughout its European and African regions, Vodafone and Microsoft have reached a 10-year cooperation agreement. The British corporation said that it will replace physical data centres with more affordable and scalable Azure cloud services, as well as […]

GitHub Copilot hits 20m users as enterprise AI coding heats up
Uncategorized

Microsoft launches paid Copilot subscription plan

Microsoft on Tuesday said its lowering the eligibility restrictions for enterprise-level Copilot solutions and introducing a subscription plan targeted at consumers. For $20 per user per month, consumers may access Copilot GenAI capabilities in Word, Excel, PowerPoint, Outlook, and OneNote on PC, Mac, and iPad with the new consumer plan Copilot Pro. Copilot composes, revises, […]

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