CBN Revokes Heritage Bank’s License
The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc’s banking license due to its ongoing financial instability and inability to recover despite regulatory interventions.
Nvidia Faces $5.5 Billion Loss as U.S. Tightens AI Chip Export Restrictions to China
Nvidia is bracing for a $5.5 billion hit following new U.S. government restrictions that block the export of its H20 artificial intelligence chips to China - a major development in
Adidas Recalls Kobe Sneakers Over Quality Control Issue
Adidas’ plan to re-release one of Kobe Bryant’s signature sneakers went awry last week, when a flaw issue caused the brand to recall pairs, some of which had already been
Potential 10-Day UPS Strike Could Result in $7.1 Billion Loss for US Economy
According to an estimate from Anderson Economic Group, a Michigan-based economic research firm, a 10-day strike by UPS workers could potentially cost the US economy a staggering $7.1 billion. If
Xiaomi Ventures into Electric Vehicle Market, Set to Roll Out First EV Deliveries This Month
Chinese technology titan Xiaomi is poised to enter the electric vehicle (EV) arena, marking its debut in the fiercely competitive automotive industry with the imminent delivery of its inaugural electric
Washington Investigates Tesla’s ‘Elon Mode’ Autopilot
U.S. highway safety regulators are launching an investigation into a potentially hidden feature within Tesla's Autopilot software. This feature, informally referred to as "Elon mode," can reportedly disable the safety
CBN Fines 29 Banks ₦15 Billion Over Anti-Money Laundering and Terrorism Financing Breaches
The Central Bank of Nigeria (CBN) has imposed fines totaling ₦15 billion on 29 financial institutions for breaching Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. This revelation was made
Activision Reveals Cost and Sales Figures for Call of Duty Titles
The development costs and sales figures of several games in Activision's Call of Duty franchise have been disclosed, shedding light on the financial scale behind some of the most iconic
Starbucks is Changing its Ice Cubes
Starbucks is making a change to its ice cubes, which has sparked curiosity among its customers. Cold beverage lovers will now find "nugget ice" in their drinks, featuring smaller ice
Coca-Cola Enters Prebiotic Soda Market to Compete with Poppi and Olipop
Coca-Cola is making a move into the booming prebiotic soda market with the launch of Simply Pop, a new beverage aimed at health-conscious consumers. The soft drink giant’s latest offering,
Mercedes Introduces Innovative Turquoise Blue Lights Indicating Self-Driving Mode
Mercedes-Benz has broken new ground by adding a unique colour to its car lights, making turquoise blue the official hue for indicating when a Mercedes vehicle is operating in self-driving
Ubisoft Faces Backlash for Removing ‘The Crew’ from Libraries, Sparking Digital Ownership Debate
Ubisoft has stirred controversy among gamers after discontinuing access to its online-only racing game, The Crew, reigniting debates over digital ownership rights. As of April 1, players found themselves unable
Allen Iverson and Pepsi Launch $100k Challenge for ‘Zero Right’ March Madness Brackets
As March Madness fever grips basketball enthusiasts, Pepsi Zero Sugar and DraftKings are teaming up to turn the thrill of predicting the unexpected into a lucrative opportunity, with a little
Wikipedia’s Most Popular Pages of 2024 Revealed
Wikipedia, a go-to source of information for millions worldwide, has unveiled its most-visited pages for 2024. Released by the Wikimedia Foundation, the list highlights the topics that captured global attention
‘Up NEPA!’: New Documentary Explores Nigeria’s Ongoing Power Struggles
In the drive to advance Nigeria’s development, the chronic issue of inconsistent electricity supply remains a significant obstacle. A new documentary, "Up NEPA!", delves into this pervasive problem, capturing the
UK Retreats from Apple Encryption Demand, Says US Intelligence Chief
The United Kingdom has backed away from its demand that Apple create a backdoor to access encrypted data of users worldwide, according to the US director of national intelligence. In
Elon Musk Calls for Privatization of U.S. Postal Service and Amtrak
Billionaire entrepreneur Elon Musk has advocated for the privatization of the United States Postal Service (USPS) and Amtrak, arguing that privatized entities have a stronger incentive for improvement. Speaking virtually
SVB Depositors, Investors Tried to Pull $42 Billion From Silicon Valley Bank
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a
Elon Musk, X Settle $500m Dispute with Former Twitter Employees
Elon Musk's social media company, X, has reached a tentative settlement with thousands of former employees who accused the firm of withholding severance benefits following mass layoffs. In a joint
A TikToker Showed How ChatGPT Can Help People Prepare for Job Interviews — and Users Say it Works
A TikToker named Hanna Goefft, known as "hanna gets hired," has gained popularity for sharing a video demonstrating how to use OpenAI's ChatGPT for job interview preparation. Users have been
