In a significant move to enhance user safety across its platform, TikTok has launched its first-ever Safety Advisory Council for Sub-Saharan Africa and expanded its #SaferTogether community education campaign. These initiatives mark a crucial step in TikTok’s commitment to providing a secure and positive environment for its users across the region. A Collaborative Effort: The…
As of August 26, 2024, the exchange rate between the US dollar and the Nigerian naira on the black market, also known as the parallel market or Aboki FX, is recorded at 1 USD to ₦1,610. This figure offers a glimpse into the current state of Nigeria’s currency outside the formal banking system, highlighting the…
Elon Musk’s SpaceX is set to officially launch its satellite internet service, Starlink, in Ghana by the end of August 2024. This highly anticipated development marks a major leap in Ghana’s technological landscape, promising to transform internet connectivity, particularly in underserved and rural regions. The National Communications Authority (NCA) has confirmed that Starlink’s operations will…
The online rivalry between Nigerians and South Africans has taken a new turn as citizens from both countries engage in a virtual prank war, using popular ride-hailing services like Bolt and Uber to inconvenience each other. This playful yet disruptive trend has seen individuals from both nations order rides in each other’s countries, only to…
Botswana has once again made headlines in the diamond industry with the discovery of a colossal 2,492-carat diamond, marking it as the second-largest rough diamond ever found. This remarkable find was unearthed at the Karowe mine, operated by Lucara Diamond Corp., a Canadian mining company. While the quality of the gem has yet to be…
The Nigerian naira saw a setback on Tuesday, August 13, 2024, reversing its four-day streak of gains to close at N1,582.09 per dollar in the official foreign exchange (FX) market. This decline, marking a 0.70% drop from the previous day’s closing rate of N1,570.99, underscores the persistent volatility in Nigeria’s FX market, a challenge that…
The demand for crude oil by Nigerian refineries, including the newly inaugurated Dangote Refinery, has surged by 24% in the second half of 2024, pushing the required volume to 597,700 barrels per day (bpd). This increase from the 483,000 bpd requested in the first half of the year highlights the growing gap between the needs…
The European Union (EU) collected a staggering €56.3 million from visa application fees paid by African nationals in 2023. This figure represents a significant 43% of the total visa application expenses incurred by applicants worldwide. African and Asian countries bore the brunt of visa rejections, accounting for 90% of all expenses related to Schengen visa…
Alliance In Motion Global (AIM Global) is a multi-level marketing company that offers health and wellness products, beauty products, and nutritional supplements. It operates in several countries including Nigeria and is known for its direct selling business model. New recruits pay a sign up fee and they are given the complimentary products as part of…
Nigeria’s Crude Oil Production Dips Slightly in January 2024 In January 2024, Nigeria experienced a marginal decline in crude oil production, dropping to 1.42 million barrels per day (bpd), as reported by the Organisation of Petroleum Exporting Countries (OPEC). According to OPEC’s Monthly Oil Report for February 2024, released on Tuesday, the country’s oil output…