₦airaland Forum

Amazon, like Facebook and Twitter, is preparing to lay off over 10,000 employees according to the New York Times on Tuesday.

Read More: https://technomymagazine.com/2022/11/16/amazon-to-lay-off-10000-employees/

Currently, there has been increased dissatisfaction among political stakeholders, particularly in Southern Nigeria on the basis of a large number of invalid registered voters released by the Independent National Electoral Commission (INEC) from the region, ahead of the 2023 general election.

Read More: https://technomymagazine.com/2022/11/14/increased-inec-deregistered-voters-in-south-south-south-east-raises-worries/

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The contractors handling the repair work of Eko Bridge, Buildwell Plants and Equipment Industries, on Thursday, raised fresh concerns among motorists, saying that the reopening of the bridge may not come any time earlier than May/June 2023.

Read More: https://technomymagazine.com/2022/11/11/eko-bridge-contractor-dashes-hope-of-motorists-says-repair-to-end-june-2023/

The Russian Ministry of Defence has reported the complete withdrawal of its troops from the occupied Ukrainian city of Kherson in fulfilment of its promise on Wednesday that its military will begin a phased pullout of troops.

Read More: https://technomymagazine.com/2022/11/11/russian-troops-withdraw-from-ukrainian-city/

Days after the announcement of acquiring cryptocurrency exchange, FTX.com, Zhao Changpeng, CEO, of Binance, pulled out of the deal.

It had been reported that the largest crypto exchange in the world wants to buy FTX from its founder, Sam Bankman-Fried at an undisclosed amount.

Read More: https://technomymagazine.com/2022/11/11/us-probe-of-misuse-of-customers-funds-by-ftx-binance-terminate-acquisition-deal/

Three Americans on vacation in Mexico City were found dead at an Airbnb-listed property that they had rented, according to the U.S. State Department and the property rental platform.

Read More:https://technomymagazine.com/2022/11/10/3-americans-dead-in-mexico-airbnb-from-alleged-carbon-monoxide-poisoning/

The certified US court judgment documents appeared and have been making the rounds on the internet since Tuesday, revealing that a US District Court indicted the former Lagos State governor for drug dealings and money laundering.

Read More: https://technomymagazine.com/2022/11/10/my-drug-allegations-dead-as-dodo-tinubu-reacts/

Fuel scarcity looms across Lagos and Ogun states, as some filling stations sell fuel at N200 per litre.

Read More: https://technomymagazine.com/2022/11/09/fuel-scarcity-petrol-now-sells-for-n200-litre-in-lagos-ogun-states/

Mercy Chinwo, a famous Nigerian gospel singer, performed at the Peoples Democratic Party (PDP) governorship rally in Akwa Ibom State on Tuesday.

Watch Here: https://technomymagazine.com/2022/11/09/nigerians-divide-in-reactions-as-mercy-chinwo-performs-at-pdp-rally-video/

Ordinary Nigerians are gasping under a 37% drop on the widely-used black market, which most have accepted as a better measure for the local currency.

Read Here:https://technomymagazine.com/2022/11/07/naira-now-among-worlds-worst-performing-currencies-bloomberg/

The former aviation minister and director of special media projects of the Campaign Council Mr Femi Fani-Kayode, on Sunday evening, said Bola Ahmed Tinubu is not sick, and is more mentally, physically, and spiritually alert compared to other presidential candidates.

Read Here:https://technomymagazine.com/2022/11/07/tinubu-not-sick-more-physically-fit-than-obi-and-atiku-femi-fani-kayode/

Meta, Facebook’s parent company is reportedly planning to lay off massively this week. According to Wall Street Journal (WSJ)

The layoff is expected to be the largest in the company’s history and could happen as early as Wednesday.

Read Here: https://technomymagazine.com/2022/11/07/meta-plans-to-layoff-massively-like-twitter/

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The US dollar appreciated against the naira in the black market on Monday after Bureau De Change operators increased their asking price by N75.

Traders in the parallel market had to pay as much as N865 for $1, an indication of the naira had fallen by -9.49 per cent in value during trading of the US dollar.

Read More:https://technomymagazine.com/2022/11/01/dollar-hits-n865-on-the-black-market-after-buhari-oks-redesign-of-naira-notes/

The Nigeria Centre for Disease Control and Prevention (NCDC) has cautioned that Nigeria is at high risk of importing the deadly Ebola virus from Uganda which stands to be officially declared an outbreak on the 20th of September 2022.

This was made known by the NCDC in a Public health advisory disseminated on Monday, October 31st. The statement noted that the Uganda Ministry of Health had reported 128 confirmed cases and 34 deaths as of 29th October 2022.

Read More: https://technomymagazine.com/2022/11/01/ebola-outbreak-nigeria-is-at-high-risk-ncdc%ef%bf%bc/

Dogecoin rose by 126% in just one week as Elon Musk completed the Twitter acquisition. The self-described “Dogefather” has repeatedly voiced his support for Dogecoin on social media.

The billionaire CEO of Tesla added yet another giant company to his collection of purchases when he finalised his acquisition of Twitter last week. The deal was worth $44 billion.

Read More: https://technomymagazine.com/2022/10/31/dogecoin-gains-126-in-one-week-as-musk-finally-buys-twitter%ef%bf%bc/[size=8pt][/size]

iStore, the Apple Authorized Reseller in Nigeria, has officially launched the sales of the much-anticipated iPhone 14 range in the country. iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max, are now officially available in Nigeria, from the iStore.

The new iPhone 14 comes with a 6,1 “screen, an A15 Bionic chip and an upgraded 5-core GPU, the advancement which can be noticed in improved gaming and sharper graphic intensive apps.

Read More: https://technomymagazine.com/2022/10/31/istore-nigeria-begins-sales-of-iphone-14-range-%ef%bf%bc/

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The Federal Government has announced plans to manage inflation by releasing food from its strategic reserves after flooding destroyed local supplies.

This was revealed by the Minister of Finance Mrs Zainab Ahmed at the presentation of the 2022 budget performance before the House of Representatives Committee on Finance on Wednesday in Abuja.

The Minister also stated that the government has plans to decongest ports to boost trade and remove roadblocks.

Read More: https://technomymagazine.com/2022/10/27/fg-releases-food-reserves-to-tackle-inflation-%ef%bf%bc/

The Independent National Electoral Commission (INEC) has announced that it is yet to print the Permanent Voters Card (PVC) of eligible voters who took part in the Continuous Voter Registration (CVR) exercise from January 15 to July 31, 2022.

The commission made this known just days after the electoral body revealed that over 93.5 million Nigerians are eligible to participate in the upcoming general election as voters.

Read More:https://technomymagazine.com/2022/10/27/we-are-yet-to-print-pvcs-for-newly-registered-voters-inec/

Godwin Emefiele, the Governor of the Central Bank of Nigeria, said the digital currency, eNaira, has recorded N8bn transactions in its one year of introduction.
He disclosed this while delivering his speech at the ‘eNaira 1st-anniversary’ event in Lagos on Tuesday.

He said: “Specifically, there has been overwhelming interest and encouraging response from Nigerians and other parties across the world as indicated by the following milestones:

Read More:https://technomymagazine.com/2022/10/26/cbn-recorded-n8bn-transaction-on-enaira-platform-in-a-year/

The Central Bank of Nigeria has stated that in its quest to reduce the extreme hoarding of naira notes outside the banking system it is set to introduce newly redesigned naira notes for N200, N500 and N1000.

The Governor of the Central Bank, Godwin Emefiele disclosed this at a press briefing in Abuja Wednesday.

The CBN said that it is worrisome that 85 per cent of the currency in circulation is being hoarded by Nigerians.


The last time the bank redesigned the naira was in 2014 when it changed the design of the 100 naira note to commemorate Nigeria’s centenary.

Read More: https://technomymagazine.com/2022/10/26/cbn-to-unleash-redesigned-naira-notes-december/

GIG Logistics (GIGL), Africa’s leading technologically-driven logistics company, has pushed to connect merchants with buyers seamlessly by expanding its global delivery network to China.

GIGL’s operations in China now provide more shopping options for individuals and businesses and also, solve two significant challenges in the E-commerce business which are: Hassle-free last-mile delivery and payment in local currency when shopping on foreign websites.

This has been the major problem with businesses and individuals who are involved in the mini-importation business on Chinese websites, the shipping fees have become so high; also the payment aspect of making payments in foreign currencies like in US dollar has put many out of business due to the increase in dollar demands and exchange rate coupled with the ban on bank-issued Naira ATM cards by CBN.

Read More: https://technomymagazine.com/2022/10/25/gig-logistics-launch-in-china-promises-hassle-free-delivery-payment/

Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria (CBN), on Tuesday, enlightened the Federal Government on ultra-effective methods to battle the inflationary crisis besetting the country.

According to reports, Nigeria’s inflation rate surged to 20.77% in September 2022, up from 20.52% recorded in the previous month, while the food inflation rate in September 2022 was 23.34% on a year-on-year basis, marking an uptick from the 23.12% recorded in the last month.
The increase in the country’s inflation rate, according to the National Bureau of Statistics, was not detached from the disruption in the supply of food products, the rise in import cost due to depreciating currency as well as the general increase in the price of production.

https://technomymagazine.com/2022/10/25/moghalu-educates-nigerian-govt-on-inflation-productive-economy/

The Nigeria team that participated in this year’s First Global Robotic Challenge in Geneva, Switzerland, from October 13–16, has showcased Nigeria as a country of talented people with digital skills that could be improved upon if given the enabling environment.

Team Nigeria, made up of students from selected secondary schools, participated in the global robotic competition with other students from over 165 countries.

Read More: https://technomymagazine.com/2022/10/25/nigeria-shines-in-first-global-robotic-challenge-wins-bronze-medal%ef%bf%bc/

The President of the Saudi-based bank, Dr Mohamed Jasser, at a meeting with the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, in Abuja on Monday disclosed that the Federal government is to get $1.8 billion from the Islamic Development Bank, to be used to execute projects across the country.

The Islamic Development Bank is a multilateral development finance institution focusing on infrastructure development.
It has 57 shareholding member states, with Nigeria holding an 8.75 per cent equity.

Read More: https://technomymagazine.com/2022/10/25/nigeria-to-obtain-1-8bn-loan-from-islamic-bank%ef%bf%bc/

Long fuel scarcity with long queues is been seen in Lagos and other states as Nigerians scramble to get fuel despite not knowing why the queues are appearing.

For about three weeks, Abuja residents have had difficulty commuting due to fuel scarcity as commuters pay twice what they used to pay to get to work. It appears the queues have now struck Lagos too.

According to reports and observations, Lagos residents on Monday, experienced long queues in fuel stations all over the city, as fuel scarcity takes a hit on commuters.


The queues appear to have gotten worse in various parts of Lagos on Tuesday spreading from Lekki, Lagos Island to mainland Lagos, including the commercial capital of Ikeja.

Read More: https://technomymagazine.com/2022/10/25/fuel-scarcity-returns-in-lagos-other-states-with-long-queues-on-major-roads/

The United Kingdom and the United States of America have cautioned their citizens in Nigeria of a potential terrorist attack in the country’s capital city Abuja.

The warnings were contained in separate statements to UK and US citizens in Nigeria on Sunday that noted the possible terrorist attacks could affect Western interests.

Based on this, the US government said its embassy will offer reduced services until further notice, while the UK government warned its citizens to stay alert.

Read More Here:https://technomymagazine.com/2022/10/24/uk-us-alert-citizens-of-potential-terrorist-attacks-in-abuja%ef%bf%bc/

Two major Bitcoin giants are reportedly accumulating BTC at the moment despite uncertain market conditions.

According to Ki Young Ju, the CEO of analytics company Crypto Quant said, wealthy investors, are aggressively stockpiling bitcoin through the renowned digital asset exchange Binance.

In his word, “Binance now controls 84% of all spot trading volume since Bitcoin’s price crossed the $20,000 mark. Coinbase, with 9%, is the second-largest. I’m unsure if these whales are currently crypto OGs (original gangsters) or institutions employing prime brokers.”

Read More:https://technomymagazine.com/2022/10/24/crypto-big-wings-are-buying-bitcoin-massively-via-binance-and-coinbase%ef%bf%bc/