Category: Business

Former CEO Of Twitter, Jack Dorsey Launches New Social Media Platform

ADEOLA YUSUF

Months after his exit from Twitter, the founder and former CEO of the microblogging website, Jack Dorsey, has launched a new social media platform named, “Bluesky,” according to pulse.ng. This comes barely a week after the $44 billion acquisition of Twitter was completed by a United States business tycoon and owner of Tesla vehicles, Elon Musk. Musk brought some changes to Twitter since he came on board including the infamous $8 per month charges for verification badge and the sacking of the former CTO, Parag Agrawal. A recent email sent…

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Naira Redesign: 3 Governors Under EFCC Watch Over Hidden Billions, Bawa Reveals

ADEOLA YUSUF

Three serving state governors in Nigeria are being monitored over their moves to launder stashed billions of naira through table payment of salaries to workers, Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, told Daily Trust in an exclusive interview on Thursday. He said raid on Bureau De Change operators will be sustained, urging Nigerians to support the system, for the benefit of all. Daily Trust reports that the Central Bank of Nigeria (CBN) had on October 26 announced that the country’s currency would be redesigned to…

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Want Twitter Blue Verification, Pay $8, Elon Musk Slams Charges On Users

ADEOLA YUSUF

Billionaire and new Twitter head, Elon Musk has announced a slash of Twitter verification fee from $20 per month to $8 per month. Musk made this known in a series of tweets on Tuesday. The billionaire rolled out the benefits of owning a paid verified handle as priority in replies, mentions and search which he said will help defeat spam/scam. Musk also listed the other advantages such as the capacity to post long-duration videos and audios, paywall bypass for publishers among others. He noted the fee will enable Twitter to…

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Africa’s Annual Power Grid Investments’ Need Hits $40bn – Adesina

ADEOLA YUSUF

Energy demand across Africa projected to surge in the coming years African countries will require an average of $40bn power grid investments annually for about five years to deliver stable electricity to citizens on the continent, Kola Adesina, Group Managing Director, Sahara Power Group, has said. Platforms Africa reports that a statement from the Sahara Power quoted Adesina to have said this while delivering a Keynote Address on “The Future of Power in Africa” at the Lagos Business School. He said projections indicate an increase in energy demand across Africa…

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Elon Musk Shades Critics Over Trump’s Return To Twitter

ADEOLA YUSUF

The new owner and Chief Executive Officer of Twitter, Elon Musk has a shade at users frequently asking him whether former US President, Donald Trump, will make a return to Twitter. Musk, in a tweet, via his verified Twitter handle on Monday said, “If I had a dollar for every time someone asks me if Trump is coming back on this platform, Twitter would be minting money.” Recall that Musk took over Twitter three days ago and sacked most of its top executives. READ ALSO Popular Lagos Socialite Declared Wanted…

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CBN Doesn’t Need to Consult Anyone to Redesign Naira, Emefiele Replies Minister

ADEOLA YUSUF

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Friday night defended the decision of the Bank to redesign some Naira notes, insisting that he doesn’t need to consult with the Minister of Finance to do so. This signals an escalation in the war of words between the CBN and the Finance Ministry over the decision of the apex bank to redesign some Naira notes. READ ALSO BREAKING: Finance Minister Rejects CBN’s Plan to Redesign Naira Nigeria Plots To End Citizens’ Migration Overseas BREAKING: CBN to Change N200,…

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BREAKING: Finance Minister Rejects CBN’s Plan to Redesign Naira

ADEOLA YUSUF

Zainab Ahmed Raises The Alarm on Consequences of Emefiele’s plan to Redesign the Naira   Nigeria’s Minister of Finance, Budget and National Planning, Zainab Ahmed, has rejected a plan by the Central Central Bank of Nigeria (CBN) to redesign naira, warning the apex bank of its consequences on the country’s troubled economy. Ahmed expressed her opposition to the policy in response to a question raised by Senator Opeyemi Bamidele during the 2023 budget defence session she had with  the Senate Committee on Finance. READ ALSO EXCLUSIVE: Finance Ministry Named As Multi-Million…

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Elon Musk Takes Over Twitter, Fires Executives

ADEOLA YUSUF

Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading platforms for global discourse in the hands of the world’s richest man. Following the takeover, Musk tweeted that “the bird is freed,” referencing the company’s iconic avian logo. He wasted no time sacking chief executive Parag Agrawal, as well as the company’s chief financial officer and its head of safety, the Washington Post and CNBC reported citing unnamed sources. Agrawal previously went to court to hold the Tesla…

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Google, Microsoft Hit With Low Sales

ADEOLA YUSUF

The two tech giant corporations Alphabet, the owner of Google and YouTube experienced slow sales resulting in the downturn of the economy. According to BBC, the slow economy has also affected Microsoft as the demand for its computers and other technology had deteriorated. Alphabet said sales rose just 6% in the three months to September, to $69bn, as firms cut their advertising budgets marking the US firm’s weakest quarterly growth in nearly a decade outside of the start of the pandemic. For Microsoft, its sales rose by 11% to $50.1bn,…

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NNPC, Daewoo Ink MoU On 110,000 bpd Kaduna Refinery Rehabilitation

ADEOLA YUSUF

President Muhammadu Buhari Thursday in Seoul, South Korea, expressed delight as he witnessed the signing of the Memorandum of Understanding (MoU) between Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery The President was particularly excited as the signing came against the back of ongoing rehabilitation works at Warri refinery by same Daewoo Group which will at the first instance, deliver fuels production before the first half of 2023. A spokesperson for President Muhammadu Buhari, Femi Adesina said in a…

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