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Dec 26, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiIn its recently released Community Guidelines Enforcement Report for the third quarter of 2023, TikTok has announced the removal of over one million videos from the Nigerian TikTok community. The removals were a result of violations of TikTok’s policies, including adult nudity, promotion of violent or illegal activities, and hateful behaviour, among others.
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Dec 25, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiSophos, a leading cybersecurity company, has released a report revealing that multiple active ransomware groups are intentionally using remote encryption in their attacks. The report titled ‘CryptoGuard: An Asymmetric Approach to the Ransomware Battle’ identifies the ransomware groups Akira, ALPHV/BlackCat, LockBit, Royal, and Black Basta as actively employing remote encryption techniques.
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Dec 21, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiDolapoI Otegbayi, who is currently the Route to Market Transformation Director at FrieslandCampina WAMCO, recently said that, amid economic downturn, many brands are feeling the financial strain caused by reduced spending, both in terms of marketing and other departmental budgets. This, she noted, has led to a shift in marketing strategies and the need for business reevaluation.
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Dec 20, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiThe Board of Directors of the African Development Bank Group has given its approval for a $175 million financial package for United Bank for Africa (UBA). The package comprises $100 million in long-term senior debt, $50 million of trade finance medium-term senior debt, and a $25 million risk participation programme.
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Dec 19, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiThe National Information Technology Development Agency (NITDA) has issued a warning to Nigerians, urging caution while conducting activities on the internet due to an increase in phishing attacks, now enhanced with the use of Artificial Intelligence (AI) tools. According to NITDA, cybercriminals are utilizing AI to conduct thorough research on their targets, allowing them to create personalized messages that deceive individuals into releasing their confidential information.
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Dec 17, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiBanks who provided a $13 billion loan for Elon Musk’s leveraged buyout of Twitter, now known as X, are facing potential losses on the debt despite Musk’s guarantees that they would not lose any money on the deal. According to sources familiar with the matter, Musk verbally reassured the lenders that their investment was secure even as the value of X plummeted after the acquisition.
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Dec 15, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiAccording to a new analysis by McKinsey and the Business of Fashion, generative AI shows immense potential in the fashion industry. However, widespread adoption and systematic deployment of the technology still lags behind. The study reveals that 73% of global fashion executives consider generative AI as a business priority for the coming year. McKinsey also estimates that up to a quarter of the value added by AI will be in the design and new product development stage.
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Dec 14, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiJumia, the leading pan-African e-commerce platform, has announced its decision to close down its food delivery business, Jumia Food. The company conducted a strategic review and concluded that the food delivery sector is not suitable for the current operating environment and macroeconomic conditions in its markets. The closure of the food delivery operations is expected to be completed by the end of December 2023.
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Dec 13, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiThe Lagos State Governor, Babajide Sanwo-Olu, has announced that his government has disbursed over N500 million to more than 40 tech startups in the state. The funds were provided through the Lagos State Science Research and Innovation Council (LASRIC) to support the growth and scalability of these startups. Governor Sanwo-Olu made this announcement while delivering the state’s 2024 budget to the House of Assembly on recently.
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Dec 13, 2023 | 
marketingedge.com.ng | Kingsley Odii |Ralph Tathagata
By Kingsley OdiiIn a bid to address the pressing issue of environmental pollution and its detrimental impact on human, social, and economic rights, the Guild of Photojournalists Nigeria (GPN) held its 3rd annual conference, exhibition, and award night recently in Ikeja Lagos state. With the theme “Environmental Pollution: Threat to Human, Socio, and Economic Rights,” the event sought to raise awareness and propose solutions to this global crisis.
