Social

Ondo partners Facebook for business prospect

Ondo state government has reaffirmed its commitment to providing support for its residents as it partnered Facebook through its partners, 360 media to organize a capacity building training on digital marketing for Micro, Small and Medium Enterprises (MSME) owners in the state.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook tells US Congress how it thinks its cryptocurrency Libra should be regulated

Facebook will not launch the cryptocurrency Libra until it has “fully addressed regulatory concerns,” according to David Marcus, the head of Facebook’s Calibra. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee.
Facebook, Messenger and Instagram apps are are displayed on an iPhone. Jenny Kane-AP

Facebook slammed with $5 billion fine over privacy breaches

Facebook Inc has been slammed with a hefty $5billion fine by the U.S. Federal Trade Commission following its investigation into the social media company’s handling of user data, multiple sources familiar with the situation said.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
President Donald Trump. Jabin Botsford - The Washington Post - Getty Images

Donald Trump threatens clampdown on Google, Twitter, Facebook

President Donald Trump hinted Thursday at new regulations on social media as he gathered critics of major online platforms at a White House “summit.

Kano Hisbah arrest four over ‘Facebook’ wedding

Four men have been arrested in the northern Nigerian city of Kano for allegedly carrying out a false marriage on Facebook, which the Islamic enforcement agency said had mocked Islam.

Twitter moves to curb hate speech based on religion

Twitter is moving to filter out inappropriate content based on religion as part of its effort to curb hate speech.
instagram

Instagram introduces new feature to curb cyber-bullying

Instagram is working on a new feature to root out bullying on its platform by allowing users to shadow ban people who bully them.
(FILES) In this file photo taken on November 4, 2016, the Twitter logo is seen on a sign at the company's headquarters in San Francisco, California. - Twitter reported on October 25, 2018, stronger-than-expected profits and revenues in the third quarter, igniting a strong rally in shares of the key social network. (Photo by JOSH EDELSON / AFP)

Twitter to remove tweets that dehumanize religious groups

Twitter is announcing updates to its policies today to address hateful language directed at religious groups, a significant in how the platform moderates against hate speech. The policy will go into effect starting today, with moderation practices immediately updated to enforce the new rules.
instagram

Instagram rolls out new features to counter bullying

Instagram will introduce new features aimed at curbing online bullying, the Facebook-owned platform announced Monday, as social media giants face increased scrutiny over the harassment faced by many users.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

Facebook digital currency operation ‘poses risks to global banking’

Facebook’s plan to operate its own digital currency poses risks to the international banking system that should trigger a speedy response from global policymakers, according to the organisation that represents the world’s central banks.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

France responds to Facebook’s Libra with new cryptocurrency task force

France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.
Calibra Digital Wallet

Facebook announces Libra cryptocurrency and Calibra digital wallet

Facebook announced its cryptocurrency Libra and a global association of organizations that will govern it. And Facebook also announced Calibra, a new subsidiary that will build a digital wallet for Messenger, WhatsApp, and a standalone app on iOS and Android.

Social media will never edge out conventional media – journalist

A veteran journalist, Alhaji Ishaq Hadejia, says social media will never edge out the conventional media in the society.
Facebook might be putting Messenger back into its main social media app.

Facebook’s cryptocurrency to debut next week backed by Visa, Mastercard, Uber, and others

These companies include major financial organizations like Visa and Mastercard, and internet darlings like PayPal, Uber, Stripe, and Booking.com. Each will invest around $10 million to fund development of the currency, and will become part of the Libra Association, an independent consortium that will govern the digital coin independently of Facebook.

Facebook: Mark Zuckerberg did not ignore personal data issues

Facebook CEO Mark Zuckerberg did not knowingly violate an agreement with the regulator supervising the company’s management of users’ personal data, the social media giant said Wednesday as it addressed an issue that has been under federal investigation for the past year.

Telegram blames China for ‘powerful DDoS attack’ during Hong Kong protests

As well as using encrypted messaging apps, Bloomberg notes that protesters in Hong Kong are also covering their faces to avoid facial recognition systems. They’re also avoiding the use of public transit cards that can link location to identities.

Telegram cyber attack timed to coincide with Hong Kong protests

Hundreds of thousands have taken to the streets of the Chinese-ruled city in recent days to protest against an extradition bill that would allow people to be sent to the mainland to stand trial.

Recent Stories

Woman commits suicide three months after boyfriend killed self

An apprentice at a tailoring shop in Lagos, Adenike Fatai, reportedly committed suicide just three months after her boyfriend identified as Bayo Atanda also killed self.
Facebook, Messenger and Instagram apps are are displayed on an iPhone. Jenny Kane-AP

Facebook suspends thousands of apps in response to Cambridge Analytica row

Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company’s ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row.
The U.S. will send additional troops to the Middle East in the wake of drone strikes on oil facilities in Saudi Arabia, U.S. Defence Secretary Mark Esper said in Washington.

More US troops to arrive Middle East after strike on Saudi oil facilities

The U.S. will send additional troops to the Middle East in the wake of drone strikes on oil facilities in Saudi Arabia, U.S. Defence Secretary Mark Esper said in Washington.
The missions gave the assurance in New York during a collaborative meeting between the Consul-General of Nigeria in New York, Mr Benaoyagha Okoyen, and the new Nigerian Consul-General in Atlanta, Mrs Aishatu Musa.

Envoy assures investors of Nigeria’s commitment to contractual agreement

The Consul General of Nigeria in New York, Mr Benaoyagha Okoyen, at the weekend said the current administration remained committed to due process in its contractual agreements with investors.

Junior Ajayi nets brace in Al Ahly Super Cup win against Zamalek

Nigeria forward Junior Ajayi scored twice as Al Ahly were crowned Egypt Super Cup champions after an entertaining 3-2 victory against Zamalek.