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The Securities and Exchange Commission (SEC) said internet-based companies may have the same incentives to offer equity compensation to gig-workers as they do to employees.

Gig economy workers could receive equity under SEC proposal

The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce.
“This rulemaking will help address legitimate public concerns about safety, security and privacy without hampering innovation in the development of automated driving systems,” said U.S. Secretary of Transportation Elaine Chao in a statement.

U.S. regulators seek public input on new safety standards for self-driving cars

U.S. auto safety regulators on Thursday said they were opening a formal regulatory proceeding that could eventually result in the adoption of new safety standards for autonomous vehicles.
Prosecutors failed to attend Tuesday’s hearing at the federal high court in Lagos, having previously failed to present some of their witnesses in a case that had been adjourned on several occasions.

Uber driver charged with armed robbery

The police on Thursday arraigned a 38-year-old Uber driver, Yinka Makinde, before Ogudu Chief Magistrates’ Court in Lagos over alleged armed robbery.
Two of China’s top companies have joined forces to design, develop, and build an electric car for the express purpose of ride-hailing.

China builds first electric car designed exclusively for ride-hailing

Two of China’s top companies have joined forces to design, develop, and build an electric car for the express purpose of ride-hailing.
Nollywood actor, Williams Uchemba has finally engaged his lover, Brunella Oscar.

Williams Uchemba announces engagement to girlfriend

Nollywood actor Williams Uchemba has finally engaged his lover, Brunella Oscar.

Mark Zuckerberg tells US Congress to upend the internet

Facebook supports rewriting Section 230, and it’s starting to lay out the changes it wants. That’s the big takeaway from a nearly four-hour grilling of Facebook CEO Mark Zuckerberg, Alphabet CEO Sundar Pichai, and Twitter CEO Jack Dorsey. The point was quickly lost in a pre-election political scuffle — but in the coming months, it’ll be one of the most important things to watch.
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, U.S., May 13, 2020. REUTERS-Mike Blake-File Photo

Uber, Lyft lose appeal in case classifying California drivers as employees

A California appeals court on Thursday unanimously ruled against ride-hailing companies Uber and Lyft, saying they must reclassify their drivers in the state as employees.
Uber has suspended the accounts of 240 users in Mexico who may have been in contact with drivers that ferried a person suspected of having the deadly coronavirus.

Uber wins license battle in London

Uber has won its battle to continue operating in London, one of its biggest markets globally, after a judge found that the company had sufficiently addressed safety concerns over driver verification.
China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

TikTok owner seeking $60 billion valuation in US deal

China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.
The backup safety driver who was behind the wheel when one of Uber’s self-driving cars struck and killed a pedestrian in 2018 has been charged with negligent homicide, the New York Times reports.

Uber backup driver charged in fatal self-driving car crash

The backup safety driver who was behind the wheel when one of Uber’s self-driving cars struck and killed a pedestrian in 2018 has been charged with negligent homicide, the New York Times reports. Rafaela Vasquez, who investigators say was watching an episode of The Voice at the time of the crash, has pleaded not guilty.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices hold near multi-week lows on demand worries

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
Mr Babatunde Gbadamosi, Lagos State governorship candidate of the Action Democratic Party (ADP) says it is obvious the people of Osun voted massively for Sen. Ademola Adeleke in the 2018 governorship poll.

Babatunde Gbadamosi: APC not a party of values

Ahead of the October 31 Senate by-election, an aspirant to the vacant Lagos East Senatorial District seat, Babatunde Gbadamosi, has described the All Progressives Congress, APC, as a party without sufficient democratic values to bequeath to Nigerians.
The Lagos State Government regulations for ride-hailing services such as Bolt and Uber will take effect on August 20.

Uber, Bolt customers to pay more as Lagos introduces new taxes

Customers are set to pay more for ride-hailing services such as Uber and Bolt due to a new regulation being introduced by the Lagos State Government.
The Lagos State Government regulations for ride-hailing services such as Bolt and Uber will take effect on August 20.

US judge rules Uber and Lyft must classify drivers as employees

A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber and Lyft from classifying their drivers as independent contractors rather than employees.
The Lagos State Government regulations for ride-hailing services such as Bolt and Uber will take effect on August 20.

Lagos to begin operational enforcement on Bolt, Uber, taxis on August 20

The Lagos State Government regulations for ride-hailing services such as Bolt and Uber will take effect on August 20.
A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber’s rival unit.

Former Google engineer Levandowski gets 18 months sentence for stealing trade secrets

A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber’s rival unit.
(FILES) This file photo taken on November 20, 2017 shows logos of US online news and social networking service Twitter displayed on computers’ screens. – Twitter said July 28, 2020 it had withdrawn a video retweeted by President Donald Trump in which doctors made allegedly false claims about the coronavirus pandemic, after Facebook took similar action. “Tweets with the video are in violation of our COVID-19 misinformation policy. We are taking action in line with our policy,” a Twitter spokesperson said, declining to give details on how many people had watched the video.The video was also removed by Facebook on Monday evening, said a company spokesperson, explaining that the footage shared “false information about cures and treatments for COVID-19.” (Photo by LOIC VENANCE / AFP)

Twitter says hack targeted employees using ‘spear phishing’

The hackers who accessed dozens of high-profile Twitter accounts in mid-July gained access to the system with an attack that tricked a handful of employees into giving up their credentials, according to a company update.
Uber has suspended the accounts of 240 users in Mexico who may have been in contact with drivers that ferried a person suspected of having the deadly coronavirus.

Uber drivers sue for data on secret profiling and automated decision-making

Uber drivers in Europe are taking the company court in an attempt to gain access to more of the personal data Uber collects on them, as permitted by the EU’s General Data Protection Regulation (GDPR), including information on “profiling and automated decision making” by the ride-hailing giant.

Recent Stories

FCTA spent N29 billion on coronavirus during lockdown – minister

The Senate has been told that the Federal Capital Territory Administration, FCTA spent a total sum of N28.5billion on some activities within the Federal Capital Territory, FCT during the outbreak of the Coronavirus COVID-19 pandemic, especially during the lockdown.
The Chairman of the Nigerian Communications Commission (NCC), Professor Adeolu Akande, has said only good governance will silence social media from its criticism of government.

Only good governance will silence social media criticism – NCC chair

The Chairman of the Nigerian Communications Commission (NCC), Professor Adeolu Akande, has said only good governance will silence social media from its criticism of government.

INEC expresses readiness for saturday bye-elections in 11 states

The Independent National Electoral Commission, INEC, has expressed readiness for the conduct of bye-elections across 11 States this Saturday.

APC sets agenda for reappointed INEC chairman, tasks him on fairness

Following the Senate’s clearance of reappointed Chairman of the Independent National Electoral Commission INEC, Prof. Mahmood Yakubu, the ruling All Progressives Congress APC has set an agenda for the chief electoral umpire, urging him to be unbiased and apolitical.

Experts identify free zones as key route for economic recovery

As policymakers and investors explore all options available to revive the post-COVID-19 economy, a group of experts have recommended an increased focus on the industrialisation and vibrant trade flows found in Nigeria’s free trade zones.