Categories
business news

Nigerian govt reveals some agreements reached with Twitter

The microblogging site also agreed to comply with applicable tax obligations on its operations under Nigerian law.

The Nigerian government has listed some of the agreements reached with Twitter before the suspension of its ban.

AMB recalls that the government lifted the ban on Twitter in Nigeria on January 13th.

Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, revealed that some of the agreements reached with Twitter include legal registration of its operations, taxation, and managing prohibited publications in line with Nigerian laws.

Categories
business news

Just In: Buhari approved and Lift Twitter ban

Kashifu, in a statement in Abuja, said the approval was given following a memo written to the President by Minister of Communications and Digital Economy, Prof Isa Ali Ibrahim.

The federal government has lifted the suspension of Twitter operations in Nigeria after approval by President Muhammadu Buhari.

The decision was announced by the Chairman Technical Committee Nigeria-Twitter Engagement and Director-General National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, CCIE.

Categories
business news

Standard Chartered Bank To Close Half Of Its Branches In Nigeria

In simple terms, financial technology aims at delivering financial services to consumers and may include internet, apps, mobile phones and other technological devices.

Standard Chartered is closing about half its Nigerian branches as it moves to expand its digital banking.

People familiar with the matter stated that the international bank took the decision as the finance industry comes under pressure from mobile money providers.

The London-listed lender’s local unit already started to shut some offices in December and would eventually operate only 13 branches in the West African nation, a document seen by Bloomberg News showed, down from about 25 previously.

Categories
#Business business INTERNATIONAL news

How Cryptocurrency trading platform BitMart loses over $100 million to Hackers

Hackers stole at least $150 million from crypto exchange Bitmart, the platform said Monday.
The assets were stolen from two “hot wallets,” one hosted on the Ethereum blockchain and the other on the Binance Smart Chain.

A “hot wallet” refers to crypto assets that are connected to the internet and more easily accessible to owners than offline “cold wallets.” While keeping cryptocurrency in a hot wallet is more convenient, there’s an added risk of hacks such as the Bitmart breach.

Categories
#Business #Entertainment business news

JUST IN: Hustle & Bustle club allowed to reopen after Customer’s death — Obi Cubana

Nigerian Businessman — Obi Cubana, has reopened his Abuja club — Hustle & Bustle, after two weeks of closure following the death of a female clubber.

“We are back with only one purpose; to serve you better. Drop by and share in the experience.”

On the 14th of November, 2021, the club was reportedly shut down following the death of a female client. Read here

Categories
#Business #Entertainment business news

Billionaire Obi Cubana speaks about his client’s controversial death

Obi Cubana the owner of — Hustle and Bustle night club has finally spoken out on the death of a female customer who died at their facility on November 14, 2021. The billionaire businessman alleged that the young woman’s death was not caused by electrocution in the club, instead, she ‘tripped and fell’.

Due to the loss of the female client… the club has reportedly been shut down.

Categories
business news

CBN urges Nigerians to embrace eNaira like physical Naira

The Central Bank Of Nigeria, CBN, has urged Nigerians to embrace eNaira just like the physical Naira inorder to increase transparency in revenue and tax collections.

CBN claims that e-Naira is expected to facilitate diaspora remittances, support a resilient payment ecosystem, reduce the cost of processing cash, enable direct and transparent welfare intervention to citizens.

We believe that the continued provision of access to finance to various sectors of the economy will promote inclusive growth and sustainable development.

Categories
#Business business INTERNATIONAL news

Elon Musk reportedly sells $5 billion of tesla stock after Twitter poll

Just few days after the world’s richest man, Elon Musk, asked his over 62 million twitter users whether he should sell 10% of his stock in the electric-vehicle company he runs.

Now, the world’s richest man reportedly sold about 3.6 million shares in tesla, worth about 4.5 million shares to meet his tax obligations.

It was his first sales of shares since 2016, when he last exercised stock options.

Categories
business INTERNATIONAL news

Amazon Driver Fired After Woman In Tiny Dress Was Filmed Exiting The Van

A delivery man was fired after a bizarre video emerged showing a woman crawling out of the back door of his truck. The driver identified as Tywan George has now said that the woman in the video is his partner – and said he was “just doing his job”.

In a video call to a TMZ reporter, he said: “It was just a one time incident, but I did what any other man in America would do.”
Tywan said he had feared he would lose his job after the video started to go viral.
He said: “I felt like losing my job was the worse that they could do to me, there was no packages reported missing, nothing was reported stolen.

Categories
business INTERNATIONAL news

Elon Musk Asks Twitter If He Should Sell 10 Percent Of His Tesla Stock

Elon Musk Asks Twitter If He Should Sell 10 Percent Of His Tesla Stock.

Another zany tweet or a real question? Elon Musk polled his more than 62 million Twitter followers Saturday about whether he should sell 10 percent of his Tesla shares, insisting he would do as voters say.
The over-the-top electric car maker’s query follows a proposal by Congressional Democrats to tax the super-wealthy more heavily by targeting stocks, which are usually only taxed when sold.