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Acquisition

President Donald Trump is days away from announcing strong action against the popular Chinese-owned video sharing app TikTok to protect US national security, Secretary of State Mike Pompeo said Sunday.

TikTok banning deepfakes to better protect against misinformation

TikTok is establishing new moderation policies today to better protect its platform against misinformation, election interference, and other forms of manipulative content ahead of the 2020 election. The company, which is currently embroiled in an unprecedented acquisition negotiation with Microsoft following threats of a US ban, says it now explicitly bans deepfakes. Deepfakes are artificial intelligence-powered manipulations of audio and video designed to mislead people about something someone may have done or said.
Kwara State Governor Abdulraham Abdulrazaq

Governor AbdulRazaq sets up commission of inquiry on Kwara assets

Gov. AbdulRahman AbdulRazaq of Kwara has set up a 6-man commission of inquiry to investigate the sale and unlawful acquisition of government properties between May 29, 1999 and May 29, 2019.
United States Army soldiers can no longer use TikTok on government-owned phones following a decision to ban the app.

Donald Trump gives Microsoft 45 days to seal TikTok deal

President Donald Trump only agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.
United States Army soldiers can no longer use TikTok on government-owned phones following a decision to ban the app.

Donald Trump to ban Chinese-owned TikTok from US

President Donald Trump said Friday he will bar fast-growing social media app TikTok from the United States as American authorities have raised concerns the service could be a tool for Chinese intelligence.
Access Bank Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

Access Bank acquires Kenya’s Transnational Bank

Following its first announcement in October 2019, Access Bank Plc has announced the successful completion of the acquisition of Transnational Bank Plc, of Kenya (TNB).
Ibrahim Magu

Ibrahim Magu accused of turning EFCC into ‘glorified police station’

The suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has allegedly been accused of turning EFCC into 'glorified police station' for alleged selfish motives.
Prof. Olanrewaju Fagbohun, the Vice-Chancellor of Lagos State University (LASU), has urged media professionals to adhere to the ethics of journalism in their reportage.

Lagos university vice chancellor challenges staff on use of technology for knowledge acquisition

The latest Times Higher Education Impact Ranking for 2020 has been released and the Lagos State University has been ranked among the first 600 Universities globally.

Experts advise government to build, transfer housing to reduce deficit

In order to reduce the acute housing deficit in the country, some experts in the built environment have suggested that government should massively build and transfer houses either by low-cost scheme or another system.
Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they have completed the acquisition of the popular mobile money platform M-Pesa from Britain’s Vodafone, the companies said in a statement.

Safaricom, Vodacom acquire M-Pesa from Britain’s Vodafone – statement

Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they have completed the acquisition of the popular mobile money platform M-Pesa from Britain’s Vodafone, the companies said in a statement.

Collaboration key to growth of digital economy – NITDA chief

The Director-General, National Information Technology Development Agency, Kashifu Abdullahi, has described partnership with an organisation such as the Abuja Enterprise Agency (AEA) as imperative to the growth of the information technology economy.

One killed, houses burnt over Obudu airport land

One person was reportedly killed while some houses were burnt on Sunday morning when a fight erupted in Igwo community in Obudu Local Government Area of Cross River over compensation for land.

World Bank approves six projects for Nigeria

It said the projects would also capture expansion of the digital economy to promote job creation and increase capacity of public and private sector on governance, social and environmental safeguards.
Simon Lalong

Plateau government to spend N1 billion on election in four local councils

Plateau State Government has budgeted the sum of N1 billion for the acquisition of election materials for local government election in four council areas where elections were suspended last year due to insecurity.

$24,000 extortion: EFCC may subject Senator Shehu Sani, businessman to polygraph

The Economic and Financial Crimes Commission (EFCC) is moving closer to administering the lie detector test on detained Senator Shehu Sani and the Chairman/CEO of ASD Motors, Alhaji Sani Dauda over the alleged $24,000 bribe allegation against the human rights activist.
Governor Mike Mbuvi Sonko and his associates were accused of conspiracy to commit corruption, failure to comply with laws related to procurement, unlawful acquisition of public property and laundering the proceeds of crime.

Kenya arrests gold-loving Nairobi governor on suspicion of corruption

Kenyan police arrested the Nairobi County governor, known for his chunky gold jewelry and impromptu raps, Friday on corruption charges, a high profile move in the government’s much trumpeted anti-graft push.

Abba Kyari: Kidnappers use jammers to evade arrest

The Commander, Intelligence Response Team, DCP Abba Kyari, has called for the deployment of intelligence and acquisition of sophisticated technology to tackle kidnappers that took actions to escape arrest.
Nigerian Stock Exchange NSE

NSE suspends trading on Continental Reinsurance

The Nigerian Stock Exchange (NSE) has placed full suspension on trading in the shares of Continental Reinsurance Plc. The suspension was in furtherance of the bid by the majority core investor to acquire minority shareholdings in the reinsurance company.
As part of its ongoing effort to revitalise the growth of SME’s in the Health Sector, Polaris Bank has announced the introduction of a new Polaris Health Sector Loan bundle to support the growth of the sector.

Bank to fund SMEs in health sector

As part of its ongoing effort to revitalise the growth of SME’s in the Health Sector, Polaris Bank has announced the introduction of a new Polaris Health Sector Loan bundle to support the growth of the sector.

Recent Stories

Kano Disco urges tenants to verify electricity bill before renting apartment

The Kano Electricity Distribution Company (KEDCO) on Tuesday urged potential tenants to always verify electricity bill status before renting apartments in Kano, Katsina and Jigawa States.
The Nigerian Ports Authority (NPA) says it has come up with solutions to reduce the waiting time of vessels berthing at Lagos terminals.

Nigerian seaports to commence 24-hour operation

Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, disclosed this on Tuesday in Lagos while briefing the media after the second edition of the monthly meeting of heads of maritime parastatals, held at the NIMASA headquarters.

China achieves progress in battle against cyber crimes – report

China said it has made headway in cracking down on illegal online businesses, said a report on the country’s cybersecurity in 2019.
Kaduna State Ministry of Health on Saturday confirmed that a four-month-old child was among the 20 new coronavirus cases recorded in the state on Friday.

Kwara records eight new cases of coronavirus

Kwara has recorded eight new cases of the coronavirus (COVID-19) pandemic as at 11.45p.m on Monday, Aug 10.

Obadiah Mailafia: Serving northern governor a Boko Haram leader

Dr. Obadiah Mailafia, a former Deputy Governor of the Central Bank of Nigeria, says repentant terrorists revealed that a serving northern governor is a Boko Haram leader. Mailafia said this on ‘Morning Crossfire’ programme on Nigeria Info Abuja 95.1FM on Monday.