Crypto giant Binance is said to be bleeding and has lost about $12 billion in assets. According to Forbes, investors have been pulling their crypto in recent weeks in the wake of recent collapse of rival FTX in November 2022. Data from crypto data firm Defillama reveals that customers withdrew…
Author: Staff Writer
Aruwa Capital announced that it has increased its investment in AgroEknor International , a fast-growing hibiscus flower exporter and wellness brand. It made an initial investment in the Nigerian agro-aligned company in November 2021 to accelerate its growth by procuring products and exporting huge volumes of Hibiscus flowers to meet…
OpenAI, the company behind the viral ChatGPT chatbot is reportedly in talks with investors to sell existing shares in a tender offer that would value the company at around $29 billion. According to a WSJ report, venture-capital firms Thrive Capital and Founders Fund are in talks to buy shares from existing shareholders such as…
It is an irrefutable fact that a lot of young people spend long hours on TikTok and even forget to get a decent amount of sleep each day. An estimated two in three teenagers regularly sleep less than the recommended amount, and screen time may be responsible for sleep deprivation and…
WhatsApp has introduced a new feature where you can now send messages to others even when their internet connection is blocked or disrupted. This feature, WhatsApp by proxy, was launched against the backdrop of recent happenings in Iran where people were denied the ability to reach loved ones and even…
As the world is still musing over the Salesforce news that it is laying of 7000 employees, Amazon announced that it is planning “to eliminate just over 18,000 roles.” This represents about 1.2% of Amazon’s 1.5 million global headcount. According to CEO, Andy Jassy in a memo to all employees…
Hackers stole 235 million Twitter accounts, including email addresses and posted them to an online hacking forum. According to a security researcher, Alon Gal, co-founder of the Israeli security company Hudson Rock, who spotted the posting on a popular underground marketplace, “this database is going to be used by hackers,…
2023 is likely to be the next market bull trend, as many experts say. So now it is time to look for the most promising crypto coins to invest in. One of these assets is XRP. Let’s discuss it in this article and see what experts say about the future…
Introduction Once small businesses initially begin, their primary emphasis is generally on how to acquire their first clients. They may choose classic marketing techniques, businesses can feel that given that they offer an excellent service or product, customers would be able to navigate to them. Although this technique may result…
Salesforce, an American cloud-based software company, announced that it is laying off 10% of its workforce (7,000 employees). The company had over 73,500 employees in early 2022, a 30% increase compared with 2021. CEO Marc Beinhoff said that the company “hired too many people leading into this economic downturn we’re…
TikTok announced that it has started the rollout of a new audience control feature which gives creators the ability to restrict their videos to adult viewers. Hitherto, the adult-only audience controls feature was only available for TikTok Live. TikTok says it will expand the feature globally over the coming weeks.…
On Wednesday, tech giant Meta was slapped with a fine of €390 million ($414 million) for a breach of European Union (EU) privacy laws. Meta was accused of “forcing” subscribers to consent to the processing of their personal data for behavioural advertising and other personalised services. Specifically, Meta was ordered…
Tech giant Microsoft is said to be working with OpenAI to incorporate its ChatGPT software into the Bing search engine. According to The Information, two people with direct knowledge of the plans say that Microsoft is preparing to launch a version of its Bing search engine that uses the artificial…
Do you know that as a Nigerian, you can now buy shares of exchange-listed securities on the Johannesburg Stock exchange seamlessly from Nigeria with the commencement of the cross-border trading on the African Exchanges Linkage Project (AELP)? The AELP Trading Link went live on 18 November following a beta testing…
The mobile telecom operators under the auspices of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) have threatened to stop providing Unstructured Supplementary Service Data (USSD) services to the banks over N80 billion debt. This was reiterated by the Chairman of the body, Gbenga Adebayo, who made this known…
Imagine a solution to sleepless nights caused by nightmares. Apple has launched a solution to this and it is called NightWare. NightWare is a prescription digital therapeutic system for the reduction of sleep disturbance related to Nightmare Disorder or nightmares from post-traumatic stress disorder (PTSD). It is the first and…
A recent study found that 83% of B2B marketers use social advertising. It is only second to search engines in terms of effectiveness as a marketing channel. The social space provides several advantages for B2B brands, ranging from customer nurturing to flexing industry influence. Although B2B social media marketing can…
Chinese ByteDance, the parent body of TikTok, stated that an internal investigation showed that its workers obtained data on a small number of U.S. users, including two reporters – Emily Baker-White, who wrote for BuzzFeed and is now at Forbes, and Cristina Criddle of the Financial Times who were covering…
Meta, parent company of Facebook, has agreed to pay $725 million as settlement to resolve a class action lawsuit related to the Cambridge Analytica data harvesting scandal. This is the latest in payments by the company concerning the scandal that came to light in 2018. As the story goes, a…
The African Development Bank (ADB) has announced the approval of an additional €5.01 million for the Diamniadio Digital Technology Park in Senegal. This is in addition to an initial loan of €60.96 million extended to the country for this effort in 2016. The brings the bank’s commitment to 87% of…