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Meta Platforms is reportedly considering massive layoffs that could affect 20% or more of its workforce, as the tech giant grapples with rising costs related to its aggressive push into artificial intelligence. According to a Reuters report, these potential cuts are part of a broader effort to offset huge spending on AI infrastructure, acquisitions and human resources. Meta employed nearly …

Abubakar Malami The former Attorney General of the Federation, Abubakar Malami, has expressed deep appreciation to Nigerians and political figures who stood by him during what he described as a difficult period marked by media scrutiny and public speculation. In a statement released by his media aide, Mohammed Bello Doka, Malami thanked family, friends and well-wishers for their prayers, encouragement …

Nigeria’s currency, the naira, slumped against the United States dollar at the official window on Wednesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,353.90/$1, compared with N1,344.41/$1 on Tuesday. This represents a loss of N9.49 for the local currency against the dollar. On the black market, the naira rose N15 against the …

A new report released by the World of Statistics has revealed that Nigeria is now the leading country in the world in terms of unemployment rate. In the report released on Tuesday, Nigeria leads the rest of the world with 33.3 per cent, followed by South Africa 32.9 per cent, and Iran which comes in at third place with 15.55 …

Justice James Omotosho of the Federal High Court, Abuja, on Wednesday, adjourned the trial of eight Chinese nationals and two others over alleged illegal mining until April 21. The judge adjourned the case following an oral postponement request from defense lawyer, Joe Agi (SAN). Public Prosecutor. Adeola Adedipe (SAN), did not oppose the application. When the case was dropped, Agi …

The Independent Corrupt Practices and Other Related Offenses Commission (ICPC) has arrested and dismantled a visa factory syndicate in Lagos State, even as it secured the conviction of one Michael Kuyoro, a staff member of Ikeja Local Government, for his involvement in a visa fraud scheme involving forgery, conspiracy and abuse of office. ICPC Spokesperson, John Odey, in a press …

The New Nigerian People’s Party (NNPP) has decided to appeal the decision of the Federal Capital Territory (FCT) High Court confirming Dr. Agbo Major as the original leader of the party. NNPP National Publicity Secretary, Ladipo Johnson, disclosed this in a statement on Wednesday in Abuja. Johnson described the assessment of the party leadership as a breach of justice and …

The Federal Government of Nigeria has closed down three manufacturing companies in Ogijo, Ogun State, over serious workplace safety violations. The enforcement action was carried out on Wednesday by the Minister of Labor and Employment, Mrs. Nkeiruka Onyejeocha, during an inspection focused on compliance with occupational health and safety. The affected companies include African Refractory and Allied Products (ARAP), African …

Police agents in Imo have raided the camp of the Indigenous People of Biafra (IPOB), known as “Mother Valley” and killed two suspected members of the group in the state. They also recovered more than 300 Improvised Explosive Devices (IEDs) during the operation. The state Commissioner of Police, Audu Bosso, confirmed the raid at a press conference held at the …

The United Bank for Africa (UBA PLC) has reaffirmed its commitment to channeling diaspora-led investments into Nigeria. This followed strategic engagement with Nigerians in the Diaspora Commission. The meeting, held at UBA’s UK office on Monday, brought together key officials from NiDCOM, led by its President/Chief Executive Officer, Abike Dabiri-Erewa, and UBA executives, including Group Managing Director/Chief Executive Officer, Oliver …