The FCA has launched a consultation on the proposed launch of a new private stock market called Pisces. Here’s a look at how it would work. ADVERTISEMENT If successful, the new private stock market could generate a pipeline of companies for a full IPO on a public market in the future. However, there will be restrictions on who can buy …
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General Motors pulls plug on Cruise robotaxi project
General Motors has announced that it will stop funding the development of the Cruise self-driving taxi. The company says it will now “refocus autonomous driving development on personal vehicles”. GM also pointed to the increasingly competitive robotaxi market as a reason for the move. In October, Tesla boss Elon Musk unveiled the electric car giant’s long-awaited robotaxi, the Cybercab, at …
Read More »EFCC arrests former NCDMB boss Wabote over $35m Brass project fraud scandal
The Economic and Financial Crimes Commission (EFCC) has arrested Timber Kesiye Wabote, the former Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), over allegations of misappropriating $35 million in public funds linked to the failed Brass Project in Bayelsa State. Wabote’s arrest follows the earlier detention of Akintoye Adeoye Akindele, the Managing Director of Atlantic International …
Read More »Nollywood filmmaker, Jade Osiberu teases another film project, ‘Half Of Me’
In an official statement on October 30, 2024, Osebiru revealed that a new project is underway. “We shot something special. So so proud of the entire team that worked on this, the performances, cinematography, production design, directing, the story! Prepare for a feast! Super proud of Director @orobosa_ikp DP @lucas_gram01 & Line Producer @iamizuoba,” the post said. Nollywood filmmaker, Jade …
Read More »TikTok owner sacks intern for sabotaging AI project
TikTok owner, ByteDance, says it has sacked an intern for “maliciously interfering” with the training of one of its artificial intelligence (AI) models. But the firm rejected claims about the extent of the damage caused by the unnamed individual, saying they “contain some exaggerations and inaccuracies”. It comes after reports about the incident spread over the weekend on social media. …
Read More »Police arrest 22 suspects for cable, motorcycle theft and vandalisation of Sokoto Eastern electrification project
The Sokoto State Police Command has arrested 22 suspects in connection with various crimes including criminal conspiracy, mischief, theft, vandalism and receiving of stolen properties. The State Commissioner of Police, CP Ahmad Musa, paraded the suspects at the command headquarters on Friday, October 11, 2024. According to Musa, the suspects included two persons who vandalized and stole cables …
Read More »Biennale College Cinema announces Kenyan-Nigerian project for next edition
During the 81st Venice International Film Festival, 12 projects were announced for the 13th edition of Biennale College Cinema 2024/25; their teams (composed of a director and a producer) will participate in the first 10-day workshop in Venice which will be held from October 8 to 17, 2024. ‘1 Woman, 1 Bra,’ a first feature film project by Kenyan director …
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