Nigeria fines Meta platforms $220m for violating privacy laws.
Nigeria’s competition watchdog announced on Friday that Meta Platforms had been fined $220 million. The inquiry revealed that data-sharing on social media platforms had breached
Africa launches new “gold standard” currency backed by critical minerals.
A new "gold standard" currency system is being proposed by Africa's development bank, and it will be supported by vital minerals like cobalt, copper, lithium,
Warren Buffett’s US toymakers given the nod to sue China’s Alibaba for the sale of allegedly fake Squishmallows.
A New York judge has ruled that Alibaba must respond to a case brought by a US toymaker who claims the Chinese e-commerce behemoth's internet
Microsoft software update grounds airlines, banks, telecommunications, and media globally.
On Friday, a software update caused chaos on computer systems all around the world, causing services ranging from banking to healthcare to be disrupted, forcing
The Nigerian Naira hits a new low of N1,612.50 to the dollar on the official market.
To support the currency, Nigeria’s central bank sold dollars to retail exchange bureaux on Thursday for 1,450 naira. It claimed that anomalies in the retail
US shoppers spent $7.2b online on the first day of Amazon Prime Day.
During the first day of Amazon’s Prime Day in the US, consumers spent over $7.2 billion online across shops, according to a data released by
TotalEnergies exits Nigerian onshore oil by transfer of assets to Chappal Energies for $860m.
For $860 million, the French energy giant TotalEnergies sold Chappal Energies, located in Mauritius, its minority stake in a significant onshore oil joint venture in
Microsoft faces anti-trust probe by UK competition board for hiring AI startup’s founder and key staff.
A preliminary inquiry into Microsoft’s hire of a key employee of an AI firm was launched by British regulators on Tuesday due to worries that
Ghana’s devastated cocoa season throws global trading houses to over $1b loss.
Trading firms that rely on cocoa derivatives could lose at least $1 billion and traders were forced to unwind short bets in a surging market
African financial sector faces collapse from biodiversity loss.
Several lenders in the region may fail if natural disasters reduce the earnings of the forestry and agricultural companies they have lent to, according to
Nigeria’s inflation hit a record 28-year high heralding the worst cost of living crisis in June.
June saw Nigeria’s inflation rate reach a record 28-year high of 34.19% in annual terms, according to official figures released on Monday. However, several analysts
Big Tech adopts a new strategy of poaching talent and products from AI startups to evade antitrust laws.
The largest tech corporations are not formally purchasing breakthrough AI startups, but they are just snatching up their talent and products in the fight to
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