When Jack Dorsey, then Twitter’s executive chairperson, pushed the company to build out its machine learning and artificial intelligence capabilities in 2014, he turned to an engineer, Parag Agrawal. When Dorsey later became Twitter’s CEO and needed help overhauling the company’s infrastructure, he also tapped Agrawal. And when Dorsey envisionedContinue Reading
The Nigeria Labour Congress (NLC) has rejected the proposed N5,000 for 40 million poor Nigerians when the subsidy on Petroleum Motor Spirit (PMS) is removed. NLC President, Ayuba Wabba, said in Abuja last night that there are no ongoing talks between labour and the Federal Government, as negotiation was adjournedContinue Reading
The International Monetary Fund has advised the Central Bank of Nigeria to anticipate the threats that eNaira may pose to the stability of the country’s financial and economic sector. Asides from this anticipate risk, the IMF also highlighted the benefits eNaira, especially for Nigerians in the diaspora, noting the lowContinue Reading
Tesla CEO Elon Musk, facing a tax bill of $15 billion sold about $5 billion in shares, the billionaire reported in filings on Wednesday. The sale came just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust soldContinue Reading
The price of bitcoin has hit a new all-time high on Tuesday, continuing a record-breaking rally that has pushed the overall crypto market close to $3 trillion. Ethereum (ether) also saw a fresh price peak, while Cardano (ada) and other major cryptocurrencies experienced a significant surge overnight. The $3 trillion crypto market capContinue Reading
Last week, Facebook announced a rebranding in which they will be officially calling themselves “Meta” from now on. However, keep in mind that this is for Facebook’s parent company, and that the social media platform will continue to be called Facebook and other products like WhatsApp and Instagram will now beContinue Reading
Its creators may have made off with as much as $3.38 million. A cryptocurrency inspired by Squid Game successfully enticed enough investors to see its value soar to over $2,800… before its creators cashed out and vanished. The cryptocurrency called $SQUID, which wasn’t officially sanctioned by Netflix, launched in late October and roseContinue Reading
The central bank digital currency of Nigeria, the eNaira, is set to become active today. While the talks of central bank digital currencies have been on the table for a few years now, few countries actually took the steps to issue one. Nigeria, in turn, following extensive research and development,Continue Reading
The Central Bank of Nigeria (CBN), says it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The apex bank announced this in a report titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme,’ which was released on Wednesday. According to the bank, “FiveContinue Reading
The Federal Government on Monday effectively put an end to the existence of the Department of Petroleum Resources (DPR) the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Petroleum Equalisation Fund (PEF) with the inauguration of new regulatory bodies for the oil industry. The government, however said that staff ofContinue Reading
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