Zenith Bank Appoints Adaora Umeoji as its First Female GMD/CEO
Zenith Bank has announced the appointment of Adaora Umeoji as its first female Group Managing Director/Chief Executive. The appointment, effective from June 1, 2024, is subject to the approval of the Central Bank of Nigeria. Dr. Ebenezer Onyeagwu, whose five-year term as Group Managing Director/Chief Executive expires on May 31, 2024, will be succeeded by […]
Evergrande’s $78 Billion Revenue Inflation Scandal Unveiled
China’s embattled property behemoth Evergrande and its founder, Hui Ka Yan, are facing allegations of inflating revenues by a staggering $78 billion (£61.6 billion) in the two years preceding the firm’s default on its debt. The country’s financial regulator has imposed a hefty fine of $583.5 million on Evergrande’s mainland subsidiary, Hengda Real Estate. Additionally, […]
Class Action Lawsuit Against Uber in Australia Settled for $178M
Uber has agreed to pay A$271.8 million ($178.3 million; £140 million) to settle a lawsuit in Australia, as confirmed by a law firm representing taxi operators and drivers. The class action, filed by Maurice Blackburn Lawyers on behalf of over 8,000 taxi and hire car owners and drivers, alleged income losses due to Uber’s aggressive […]
MainOne: Subsea Cable Cut May Take Up to Two Weeks to Repair
MainOne, a submarine cable company, has announced that it may take up to two weeks to repair the undersea cable cut that disrupted internet services in Nigeria, Ghana, Cote D’Ivoire, Senegal, and other West African and East African countries since Thursday. The network outage was caused by a fault on the MainOne network, attributed to […]
Lagos to Launch ‘Ounje Eko’ Food Markets with Discounted Prices on Sunday
The Lagos State Government is set to launch the ‘Ounje Eko’ food markets on Sunday, offering discounted prices on essential food items across the state. Residents of Lagos will benefit from a 25% discount on staple food items such as rice, beans, gari, bread, eggs, tomatoes, and pepper. The announcement was made by the […]
KEDCO Initiates Ramadan Promo: 10% Off on Electricity Bills
Residents of Jigawa, Katsina, and Kano States are set to enjoy improved electricity supply and a 10% tariff discount during the month of Ramadan, as assured by the Kano Electricity Distribution Company (KEDCO). The power company expressed its commitment to enhancing electricity provision across the states and alleviating customers’ financial burdens during the holy month. […]
TikTok Faces Ban in US as House Approves Ownership Bill
The US House of Representatives has approved a significant bill that could result in the ban of TikTok in America. Under this legislation, TikTok’s Chinese parent company, ByteDance, would be mandated to divest its controlling stake within six months, failing which the app would be prohibited in the US. Despite receiving substantial bipartisan support, the […]
FG Requests Names, Transaction Details from Binance on Top 100 Nigerian Users
The Federal Government has reportedly sought detailed information from cryptocurrency trading firm Binance concerning its top 100 users in Nigeria. This move is part of the government’s efforts, facilitated by the Office of the National Security Adviser (ONSA), to establish negotiations with Binance and address concerns regarding cryptocurrency transactions in the country. According to reports […]
Google’s Gemini AI Chatbot Limits Election Inquiries
Google has officially announced that it is implementing restrictions on the types of election-related inquiries users can pose to its Artificial Intelligence (AI) chatbot, Gemini. In a recent blog post, the tech giant revealed that this policy has been initiated in India, which is scheduled to conduct elections commencing in April. This decision aligns with […]
Airbnb Prohibits Surveillance Cameras in Rentals
Airbnb has announced a comprehensive worldwide ban on the use of security cameras inside rental properties, with the updated policy set to take effect at the end of the upcoming month. This modification is aimed at streamlining the company’s regulations on security cameras, emphasizing the paramount importance of guest privacy. Concerns raised by Airbnb users […]
