(Brands & Consumers)
Jubilant FoodWorks (JFL), the operator of Domino’s Pizza and Popeyes in India, has announced a major shift in its beverage partnership. The company has signed a Memorandum of Understanding (MoU) with The Coca-Cola Company, marking the end of its collaboration with PepsiCo, which had supplied beverages to Domino’s outlets in India since 2018. Under the…
Global sportswear leader Nike is grappling with a significant social media challenge, shedding over 1 million Instagram followers in the last three months. This decline, part of a larger eight-month trend, coincides with a drop in the company’s market capitalization by roughly $30 billion. Data from AltIndex reveals that Nike’s Instagram following peaked at over…
Microsoft may be gearing up to challenge Sony’s PlayStation 5 DualSense controller with an innovative design of its own, according to details from a recently discovered patent. The patent, titled “Tuning Haptic Feedback of a Device,” outlines advanced haptic technology that could elevate Xbox gaming experiences to rival or surpass the features of Sony’s popular…
Netflix has initiated a legal battle against Broadcom, alleging that VMware, a Broadcom subsidiary, has infringed on several of its patents related to virtual machine technology. The streaming giant claims that VMware’s products, including vSphere and its cloud solutions, violate five Netflix patents aimed at optimizing and managing virtual machines efficiently. The patents in question…
Starlink, the satellite internet service founded by Elon Musk, has announced new subscription rates for its Nigerian customers, with the changes taking immediate effect for new users and beginning January 27, 2025, for existing subscribers. Nigeria, which became Starlink’s first market in Africa when it launched in January 2023, will see significant price adjustments across…
A new report by Afrinvest has projected that the Nigerian Naira could depreciate to a fair value of N1,804 per dollar at the official market by 2025. The report, titled “Beyond The Rhetorics: Transforming Reforms to Tangibles,” highlights the likelihood of sustained foreign exchange (FX) volatility driven by challenges faced by the Central Bank of…
Blackmagic Design, a leader in professional video production technology, has unveiled the Blackmagic URSA Cine Immersive Camera, a groundbreaking tool crafted specifically for capturing Apple Immersive Video for the Apple Vision Pro. Pre-orders are now live for the high-end camera, with shipping slated to begin in early 2025. Revolutionizing Immersive Media Announced in June 2024,…
Cybercriminals are ramping up their tactics, combining phishing schemes with Gmail account compromises to exploit even the most cautious users. A recent high-profile case highlights how hackers manipulated Google’s security features to steal $500,000 in cryptocurrency, proving that vigilance is more critical than ever. The Evolving Threat of Gmail Phishing Attacks Hackers are constantly refining…
In the escalating competition for AI supremacy, Google is reportedly using Anthropic’s Claude to benchmark and enhance its Gemini AI. This practice has raised questions about ethics and compliance in the fiercely competitive industry. According to a report by TechCrunch, contractors tasked with evaluating Gemini’s performance have been comparing its outputs against those of Claude,…
Netflix has finally made its NFL debut, streaming two high-profile games that set records for live sports viewership on the platform. Despite the milestone, the ratings fell short compared to last year’s traditional broadcasts on cable and network television. The late matchup between the Baltimore Ravens and Houston Texans drew an average of 24.3 million…
LG Electronics has introduced a groundbreaking air conditioning system to the Nigerian market, unveiling the Dual Inverter Air Conditioner with its innovative Mosquito Away feature. This marks a significant step in air conditioning technology by combining efficient cooling with mosquito repellence. The Mosquito Away feature leverages ultrasonic wave technology to emit sound frequencies undetectable to…
itel has reaffirmed its commitment to delivering affordable yet high-quality technology with the launch of its latest flagship smartphone, the itel S25 Ultra. The new device blends premium features with budget-friendly pricing, offering a compelling alternative to high-end smartphones like the Samsung S24. One standout initiative accompanying the launch is itel’s 100-day free screen replacement…
Iran has lifted its ban on WhatsApp and Google Play in what state media describes as the first step toward easing internet restrictions in the country. The decision, announced Tuesday, marks a significant shift in policy for a nation known for its stringent online censorship. The state-run IRNA news agency reported that a “positive majority…
Jinjiang Group, a contractor for Chinese electric vehicle manufacturer BYD, has denied allegations by Brazilian authorities that its workers were subjected to “slavery-like conditions” at a construction site in Bahia state. The company attributed the claims to translation errors and cultural misunderstandings, dismissing the accusations as inconsistent with the facts. Brazilian labour officials recently announced…
Nigerians could face higher charges for calls, SMS, and data services starting early 2025, as the federal government considers approving a long-awaited tariff review. Telecom operators have been advocating for a price adjustment, citing financial strains that have worsened over the years. Last Tariff Review Was Over a Decade Ago The current telecom tariffs were…
Brazilian labour officials discovered 163 Chinese nationals working under “slavery-like conditions” at a construction site for a factory owned by Chinese electric vehicle manufacturer BYD in Bahia state, according to the local labour prosecutor’s office on Monday. The workers, who were hired in China by a third-party company, were allegedly brought to Brazil illegally. They…
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Walmart and fintech company Branch Messenger on Monday, accusing them of forcing more than a million Walmart delivery drivers to use costly deposit accounts to access their paychecks. According to the CFPB, Walmart and Branch Messenger opened bank accounts for the company’s Spark Drivers using…
The Consumer Financial Protection Bureau (CFPB) has accused Rocket Homes, a subsidiary of Rocket Companies, and The Jason Mitchell Group real estate brokerages of engaging in an illegal kickback scheme to direct mortgage applications to Rocket affiliates. According to the CFPB, Rocket Homes, one of the largest mortgage lenders in the U.S., provided real estate…
The Container Store, a long-standing name in home organization, has filed for Chapter 11 bankruptcy protection, citing financial struggles and shifts in consumer spending habits. The announcement comes as the retailer faces mounting debt and competition in a challenging economic environment. In a statement released late Sunday, the 46-year-old company outlined plans to use the…
Despite economic challenges, Nigerians are trooping to bus stations and airports to journey to their hometowns for the Christmas and New Year celebrations. However, this year’s festive travels are marked by complaints of skyrocketing fares, both for road and air transport. Road Travel: High Fares and Safety Concerns Major bus parks across Lagos, including Yaba,…
The Nigerian government has announced plans to collaborate with Bloomberg on a two-year initiative aimed at reshaping the country’s international reputation and attracting foreign investment. This development was disclosed in a statement by the Federal Ministry of Finance on Thursday via its official X (formerly Twitter) account. The partnership, spearheaded by the Ministry of Finance…
The battle over sugary drinks has reached Capitol Hill as major beverage companies Coca-Cola, PepsiCo, and Keurig Dr Pepper push back against a proposal to remove sugar-sweetened beverages from the Supplemental Nutrition Assistance Program (SNAP). Robert F. Kennedy Jr., President-elect Donald Trump’s pick for Secretary of Health and Human Services (HHS), has sparked debate with…
Nordstrom, the 123-year-old upscale department store chain, is set to go private in a $6.25 billion deal led by its founding family in partnership with Mexican retailer El Puerto de Liverpool. The move, announced on Monday, marks a significant shift in the company’s trajectory amid ongoing challenges in the retail sector. Family Takes the Helm…
Apple is reportedly preparing to expand its smart home product lineup with the introduction of a Face ID-enabled smart doorbell camera. According to a report from Bloomberg, the tech giant is looking to leverage its facial recognition technology to enter the smart home security market, competing with established players like Google and Amazon. Revolutionizing Smart…
The year 2024 proved challenging for several iconic brands, as inflation, shifting consumer trends, and operational hurdles led to a wave of high-profile bankruptcies. From retailers to airlines, many companies struggled to adapt to a changing economic and consumer landscape. Although filing for bankruptcy doesn’t necessarily mean the end of a business, it often signals…
Starting January 1, 2025, WhatsApp will discontinue support for a range of older Android smartphones, signalling the end of its compatibility with devices running on outdated software. This update impacts roughly 20 models from brands like Samsung, Motorola, HTC, LG, and Sony, many of which were popular during the early 2010s. Why Support is Ending…
The luxury perfume brand Clive Christian has launched its exclusive Absolute Collection in Lagos, marking a significant collaboration with Seinde Signature, one of Nigeria’s leading niche perfume stores. The unveiling took place in a refined setting at the Centre Point Luxury Workspace in Ikoyi, attracting Nigeria’s affluent consumers and perfume enthusiasts. Renowned globally for its…
Elon Musk’s financial empire has soared to new heights, propelled by the extraordinary growth of SpaceX, the aerospace company he founded with the goal of transforming space exploration. SpaceX’s valuation has recently surged to $350 billion, a remarkable 67% increase since June. This leap has elevated Musk’s net worth to a staggering $443 billion, further…
LG Electronics has unveiled a new feature for its smart TVs, offering users a way to enjoy live radio, podcasts, and music without the need for a separate subscription. Dubbed LG Radio+, the ad-supported streaming service is now available for LG smart TVs running webOS 6 or higher. Designed as an alternative to traditional music…
Apple is preparing to phase out the iPhone 14, iPhone 14 Plus, and the third-generation iPhone SE in Europe by the end of 2024. The move comes in response to the European Union’s USB-C charging port mandate, which requires all smartphones sold in the region to adopt the standardized port. The legislation passed in 2022,…
Moon Beast Productions, a new independent game development studio founded by veterans of the iconic Diablo and Diablo II series, is embarking on a mission to redefine the action RPG (ARPG) genre. With a $4.5 million seed investment, the studio is channelling its resources and decades of experience to deliver a groundbreaking new game. Founded…
On December 5, Nigerian authorities confiscated more than 2 metric tons of pangolin scales in a significant crackdown on wildlife trafficking. The seizure took place in two warehouses in Mubi, Adamawa state, where the scales were stockpiled for export. The operation, which was based on intelligence from the Wildlife Justice Commission (WJC), also led to…
Apple is under mounting pressure to remove its newly launched AI-powered news summarization feature after it falsely attributed a headline to the BBC, prompting concerns from press freedom advocates. The controversy erupted last week when Apple Intelligence, the generative AI tool integrated into Apple devices, pushed a notification falsely summarizing a BBC report. The summary…
Armani Beauty made a remarkable entry into the Lagos beauty scene with Armani Mare, a groundbreaking fragrance experience that blended elegance, innovation, and artistry. The first-of-its-kind event was held on Wednesday, November 20, 2024, at Mako Lagos, a serene beachfront venue that provided the perfect backdrop for the luxurious experience. Curated for an exclusive audience,…
United Airlines has achieved a record-breaking milestone in 2024, transporting 175 million passengers globally across its routes. The airline revealed this accomplishment in a recent statement, marking it as the highest passenger volume recorded in a single year. Highlighting trends observed throughout the year, United offered insights into passenger preferences for entertainment, beverages, and travel…
KFC is stepping outside its comfort zone with its newest venture, “Saucy,” a one-of-a-kind prototype restaurant opening Monday in Orlando, Florida. Swapping its iconic red branding for a vibrant pink, KFC is reimagining its “finger lickin’ good” slogan with a focus on bold sauces, trendy chicken tenders, and an aesthetic tailored to younger, adventurous eaters….
SanDisk has unveiled a fresh creative direction and corporate branding as it prepares for a major relaunch as a standalone leader in flash and memory technology. The company teased its next-generation storage innovations, which are set to debut in early 2025. At the heart of SanDisk’s new identity is a philosophy dubbed the “Mindset of…
Leading pan-African e-commerce platform Jumia has joined forces with customer engagement platform MoEngage to redefine personalized experiences for its customers. The strategic partnership aims to enhance how Jumia connects with its users through tailored communication across various channels. With the new collaboration, Jumia is set to deliver more targeted messages at the right time via…
Google has launched Google Agentspace, a new AI-powered platform aimed at improving enterprise productivity by simplifying workflows, enhancing data access, and automating routine tasks. The tech giant unveiled Agentspace as a solution to the growing challenges businesses face in managing vast amounts of data and operating across multiple tools. With employees often juggling various platforms,…
Japanese automakers Honda and Nissan are in discussions about a potential merger, a move that could reshape the automotive landscape by uniting two of Japan’s biggest car manufacturers. Both companies confirmed the talks in a joint statement on Tuesday but offered few specifics, including the nature of the collaboration or a timeline for when a…
Taco Bell is shaking up its menu with an unexpected addition: chicken nuggets. Known for its Mexican-inspired offerings, the fast-food chain is taking a more American approach with this limited-time item, launching Thursday. Putting a unique spin on the classic fast-food staple, Taco Bell’s chicken nuggets feature all-white meat marinated in a zesty jalapeño buttermilk…
Huawei may soon expand its groundbreaking triple-foldable smartphone lineup, with reports hinting at a new device launching next year. Tech tipster SmartPikachu claims the Chinese tech giant is preparing to update its tri-fold series, following the recent debut of the Mate XT. The Mate XT, launched in September, introduced Huawei as the first company to…
Google DeepMind has introduced Veo 2, its latest AI video generation model, just days after OpenAI’s widely discussed Sora made headlines. The unveiling marks Google’s determined push to take the lead in the rapidly evolving AI video landscape. Veo 2 boasts the ability to produce videos at up to 4K resolution – a significant improvement…
Despite increasing scrutiny and pressure from conservative activists, diversity, equity, and inclusion (DEI) initiatives remain deeply embedded in corporate America. While some companies are making adjustments to DEI policies and language, experts argue that the changes are largely cosmetic rather than structural, with businesses continuing to prioritize inclusive practices as a strategic advantage. Major corporations…
Snapchat is rolling out a revamped monetisation program aimed at rewarding creators across its Stories and Spotlight platforms. This move consolidates previously separate programs, aligning monetisation opportunities for both formats. Under the new system, creators will earn revenue from ads displayed within eligible Stories and Spotlight posts, marking a shift that acknowledges Spotlight’s growing popularity….
In the bustling Sheephaven Bay pub, tucked just behind London’s Camden High Street, Guinness is no longer just a drink – it’s a cultural phenomenon. For owner Pat Logue, the Irish stout now makes up more than half of the pub’s draft beer sales, and demand shows no sign of slowing. This year alone, Logue…
The Dangote Refinery has extended its export of Premium Motor Spirit (PMS) to Cameroon, Ghana, Angola, and South Africa in recent weeks, marking a significant milestone for the Nigerian oil and gas sector. The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, made this known during a visit by a delegation…
Amid concerns over Netflix’s reported restructuring in Nigeria, popular comedian and filmmaker Ayo Makun, widely known as AY, has shed light on the streaming giant’s true stance in the Nigerian market. The conversation began earlier in December when Victor Ohai, President of the Directors Guild of Nigeria, announced during the Zuma Film Festival in Abuja…
It’s been decades since Sony was this close to the summit. The last time its market value soared so high, the world was spinning to the tunes of the Walkman, Bill Clinton was in the White House, and the PlayStation 2 was on the brink of revolutionising gaming. Fast forward to today, the iconic Japanese…
A federal appeals court has refused to temporarily halt a ban on TikTok, setting the stage for a high-stakes battle at the U.S. Supreme Court over the controversial legislation. On Friday, the D.C. Circuit Court of Appeals unanimously denied TikTok’s request to pause the impending ban while it seeks further review by the Supreme Court….
