Exclusive Reports

Wed, May

Facebook To Launch Instagram Lite In 170 Lower Bandwidths Countries

Facebook Inc. Has on Wednesday announced that it will be launching a “lite” version of Instagram in 170 countries with lower internet bandwidth, enabling people with poor internet to easily access to the video and photo-sharing app.

WhatsApp has on Thursday announced the introduction of the voice and video calling feature on the desktop version of the messaging app. The Facebook-owned company also noted that video calls will “seamlessly” work on desktop screens in both landscape and portrait mode, adding that the calls will be end-to-end encrypted.

CBN Ban: Luno Halts Naira Deposits For Cryptocurrency

Following the ban placed on cryptocurrency by the Central Bank of Nigeria (CBN), Luno, a cryptocurrency trading platform has paused naira deposits. Luno is aware of the circular issued by the Central Bank of Nigeria advising financial institutions in the country to close bank accounts held by cryptocurrency service providers,” Luno said in a statement. “In light of this, Luno is pausing Naira deposits while we seek further clarity from the authorities. Luno said the ban will affect activities on the platform, however, the withdrawal will be processed but will take longer.

Amazon Chief Executive Jeff Bezos To Step Down, Andy Jassy To Take Over

Jeff Bezos, billionaire owner of Amazon who founded the company in 1994, will step down as chief executive after the company recorded $100bn in sales for the last three months of 2020. The surprising news was announced by the company on Tuesday when Amazon released its latest financial results. Bezos, 57, will remain executive chair but will hand the reins to Andy Jassy, chief executive of Amazon Web Services, the company’s fast-growing cloud computing business. Few companies have thrived like Amazon during the coronavirus pandemic, and in the last three months of the year, the company recorded sales of more than $100bn for the first time.

Spotify Debut In Nigeria And 84 Others

The CEO and co finder Daniel EK announced at its online-only Stream today Monday stating that Spotify will be expanding to 85 new markets in a few day's time across Asia, Africa, Caribbean Europe, and Latin America.

Tesla CEO Invests $100 Million For Global Carbon Reduction Competition

Tesla Inc boss and billionaire entrepreneur Elon Musk, who is also head of rocket company SpaceX has put out an offer of a $100 million prize in a four-year global competition to discover a way of reducing carbon dioxide from the Earth’s atmosphere. Musk, had earlier on in January tweeted about the prize and had said he would reveal details of the competition at a later date. The billionaire, in a statement on Monday, said full guidelines will be announced on April 22 and the competition will last for a period of four years through Earth Day, 2025, organized by XPrize, a California-based non-profit organization.

Google May Stop The Use Of Apple Tool To Track iPhone Users

Google apps on iPhone platform including Youtube and Maps will cease utilising a tool from Apple Inc that enables them to personalize advertisements, avoiding a fresh Apple warning that notifies users their browsing is being tracked. Alphabet Inc unit of the company made the announcement on Wednesday in a blog post, and this is coming prelude to Apple starting enforcement of new tracking transparency rules. The tech giant for years has provided apps with a unique identifier, called IDFA, to assist them to connect the same user across multiple applications. The code will be important in figuring out to whom to point out an advert and tracking whether or not it prompted them to make a purchase.

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