A company, called MetaX, has sued Mark Zuckerberg’s Meta (formerly Facebook) for trademark infringement. The company said its business has been damaged by the confusion caused by Facebook’s rebrand. Registered as MetaX LLC, the company, founded in 2010, develops immersive technologies including VR and AR. The company argues that Facebook rebranding to Metaverse, has damaged […]
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Nigerians Wednesday were inundated with the news of a strike by the beadmakers, acting under the aegis of Premium Breadmakers Association of Nigeria (PBAN). Bread, beinga major staple food for many households, means the strike action will hurt consumers who already are struggling with food inflation. What PBAN said and its demands The body declared
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The Nigerian business environment is expected to benefit from the passage of the Nigeria Start-Up Bill, passed by the Senate Wednesday. Senator Oseni Yakubu, chairman of the Senate Committee on ICT and Cyber Security, said the bill aimed at establishing the National Council for Digital Innovation and Entrepreneurship. The council, he said, would create and
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Kennis Music, a leading music recording company in Nigeria, has set out to celebrate ‘mobile consumers’ at its upcoming conference. The company describes the 27th July 2022 event ‘the biggest Nigerian musical conference’. In a statement issued on its behalf by PRM AFRICA, the company said the event, tagged Kennis Music Bites, would bring together
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Nigeria’s largest telecom provider, MTN Nigeria, might see its service disrupted, a development that would impact consumers on the network negatively. This development is based on the threat by aggrieved workers who picketed the Falomo, Lagos headquarters of the telecom operator. The workers, under the aegis of the Private Telecommunications and Communications Senior Staff Association
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Consumers within the Lagos state education space were introduced Wednesday to innovative digitised container classrooms. The initiative, by the Lagos state Government, aims at ‘transforming the educational sector.’ At the unveiling, held at Vetland Junior Grammar School, Agege, Hakeem Smith, the chairman of the Special Committee on Rehabilitation of Public School (SCRPS), said that the
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The naira lost against the dollar on Wednesday at the Investors and Exporters’ window, exchanging at N426.58. The figure represented a depreciation of 0.57 per cent compared with N424.17 it exchanged for the dollar on Tuesday. The open indicative rate closed at N426.50 to the dollar on Wednesday. An exchange rate of N444 to the
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The equities market of the Nigeria Exchange Limited (NGX) opened for trading at N28.208 trillion Wednesday, but closed at N28.142 trillion, thereby losing N66 billion (at 0.23 per cent.) In the same vein, the NGX All-Share Index which was at 52,308.88 basis points at the beginning of trading ended at 52,186.52 basis points, signalling a
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Godwin Emefiele, governor of Central Bank of Nigeria (CBN), has said it is illegal to exchange naira for dollar. He urged politicians against engaging in the act. “As for those who want to buy sic take naira from their account to buy dollars because of the election. I want to warn not advice that it
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A recent report released by the United Nations (U.N.) indicates that 19.5m Nigerians are facing acute food insecurity. An analysis of the situation carried out by the U.N. Food and Agriculture Organization (FAO) and the World Food Programme says that food insecurity in parts of Nigeria has reached “catastrophic” levels. Nigeria finds itself in company
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