Meta Takes Aggressive Action Against Fake Engagement and Impersonation on Facebook
Meta, the parent company of Facebook, announced a major initiative to combat fake engagement, impersonation, and spam on its platform, stating that over 100 million fake Pages were removed in 2024 alone. The sweeping action marks a significant escalation in the company’s ongoing efforts to address issues of scripted abuse, fake accounts, and coordinated fake […]
Nigerian Banks Double Down on Tech: IT Spending Surges to N518.5 Billion in 2024 Amid Fintech Pressure
Nigeria’s major banks significantly ramped up their investment in digital infrastructure throughout 2024, pouring a combined N518.5 billion into information technology. This figure represents a staggering 109% increase from the N248 billion spent in 2023, highlighting a major strategic shift in the country’s banking industry: digital transformation is no longer optional — it’s essential. This […]
Swifia Launches in Nigeria to Revolutionize Gift Card Trading with Instant Payouts and Unmatched Simplicity
Swifia, an ambitious entrant into Nigeria’s rapidly evolving digital finance ecosystem, has officially made its debut with a bold mission: to transform how Nigerians trade gift cards. Positioned as a user-centric platform, Swifia offers a fast, secure, and hassle-free way to convert a wide range of gift cards into instant cash, making it one of […]
Nissan Forecasts Unprecedented $5.2 Billion Annual Loss as Restructuring Intensifies
Nissan Motor Co. has projected its worst annual financial performance in company history, anticipating a net deficit ranging from 700 billion to 750 billion yen—equivalent to roughly $4.91 billion to $5.26 billion—for the fiscal year that concluded in March. This staggering estimate, released on Thursday, significantly surpasses the automaker’s earlier projection of an 80 billion […]
Tesla Doubles Down on Robotaxi Dreams as Musk Predicts Massive Impact by 2026
Tesla has once again placed its self-driving ambitions front and center, as CEO Elon Musk boldly projected that its robotaxi service will begin delivering significant financial results by late 2026. During its recent earnings call, the electric vehicle giant renewed its commitment to launching a commercial robotaxi operation, reinforcing a previously announced timeline that has […]
