The Central Bank of Nigeria (CBN) has announced its plan to implement a Retail Dutch Auction System (DAS) in an effort to address the increasing unmet foreign exchange (FX) demand from end users. This strategic initiative, as reported by Nairametrics, is set to commence next Wednesday and aims to alleviate the mounting pressure in the…
Jeff Bezos’s net worth plummeted by $15.2 billion on Friday, contributing to a broader market downturn that collectively wiped out $134 billion from the fortunes of the world’s 500 wealthiest individuals. Amazon.com Inc. shares fell by 8.8% during a widespread market selloff, reducing Bezos’s net worth to $191.5 billion, according to the Bloomberg Billionaires Index….
The US government accused TikTok of breaching the Children’s Online Privacy Protection Act (COPPA), which mandates that services directed at children must obtain parental consent before collecting personal information from users under the age of 13.
On Friday, Turkey’s national communications authority, BTK, blocked access to the Instagram social media network without providing an explanation, following allegations of censorship by a high-ranking Turkish official against the US-based company. The BTK’s brief statement on its website read, “instagram.com has been blocked by a decision on the date of 02/08/2024,” offering no additional…
This directive aims to ensure the stability of both the pump price of refined fuel and the dollar-naira exchange rate.
One week after Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) levied a $220 million fine on WhatsApp for a data privacy violation, the messaging giant may suspend its operations in the country due to additional regulatory demands. Sources close to the situation indicate that Meta, the parent company of WhatsApp, is contemplating the withdrawal…
The Nigerian Bar Association (NBA) has initiated free legal support services to assist individuals whose fundamental human rights might be violated amid the ongoing hunger protest. This initiative was announced by the NBA President, Yakubu Maikyau, through a statement issued on Thursday by the NBA National Publicity Secretary, Akorede Lawal. Maikyau revealed that directives have…
Pavel Durov, the founder and Chief Executive Officer of Telegram Messenger, recently shared an extraordinary personal revelation: despite being unmarried, he has fathered 100 biological children around the world. The 39-year-old entrepreneur disclosed this on his popular Telegram channel on Monday evening. Durov explained that his journey into fatherhood began 15 years ago, when a…
MTN, a leading mobile telecommunications provider, has announced the closure of all its stores and service centers across Nigeria. This decision follows widespread outrage from subscribers after the network provider barred numerous lines on Sunday. A video that went viral on social media on Monday captured a mob destroying a barricade fence outside an MTN…
Meta Platforms announced on Monday the launch of a new tool called AI Studio, designed to enable users to create, share, and design personalized AI chatbots. This innovative platform will allow users to craft customized AI characters, offering a new dimension to user interaction and engagement on Meta’s social media platforms. AI Studio is set…
