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Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander

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The Meta Chief Executive Officer, Mark Zuckerberg, on Tuesday, was pictured training with UFC champions, Israel Adesanya and Alexander Volkanovski.

The picture of his training session with the UFC champions has further increased speculations on the possibility of an MMA fight between him and Twitter CEO, Elon Musk.

Recall that the prospect of an MMA showdown between the tech gurus started as an online banter some weeks back.

However, tension has heightened between the duo since Zuckerberg launched his Twitter-like app called Threads.

Threads launched on July 5, 2023, and has since gathered more than 100 million users worldwide.

However, Musk, the Tesla and SpaceX CEO believes Threads was only made possible by “cheating.”

Musk stated this while responding to a tweet reporting that Twitter was threatening to sue Facebook and Instagram’s parent company Meta for cheating with its new app Threads on Friday, July 7, 2023. Musk tweeted, “Competition is fine, cheating is not.”

As arguments heated over the new app online, the two tech moguls have once again renewed their banter challenge on having a showdown cage fight.

However, while some viewed the challenge for an MMA fight as playful banter between the influential figures, the anticipation surrounding this unlikely showdown continued to grow with both of them pictured training with MMA fighters.

Meanwhile, Zuckerberg while reacting to his picture with the UFC champions – Adesanya and Volkanovski wrote, “It’s an honour to train with you guys!”

Responding, “The Last Stylebender’ who posted photos of the training session, wrote, “No fugazi with Mark. This is Serious Business.”

Also, Volkanovski, the UFC featherweight kingpin responded, “@zuck you’re a beast! Always great to catch up.”

Musk also looks to be in a training session already as he was also spotted with UFC legend Georges St-Pierre on Tuesday, July 3, 2023.

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Business

Meta set to charge WhatsApp Business messages from October 1

For example, a Nigerian fintech company sending 500,000 chargeable utility messages could incur about $5,050 in fees from Meta alone, excluding charges that may come from third-party providers or software platforms used to manage the messaging service.

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Businesses using Meta’s WhatsApp Business Platform will begin paying for certain messages sent to customers from October 1, 2026, under a new pricing structure announced by the company.

The change applies to organisations that use the WhatsApp Business Platform, formerly known as the WhatsApp Business API, to manage customer communication on a large scale.

Regular WhatsApp users and small businesses using the standard WhatsApp Business app are not the main targets of the new charges.

Under the revised system, the amount businesses pay will depend on the type of message being sent.

Utility messages, including payment alerts, order confirmations and other service-related updates, will cost about $0.0101 per message, while marketing messages will attract a higher fee of approximately $0.062 each.

Although the individual charges appear relatively small, companies that send large volumes of messages could see their communication expenses rise significantly.

For example, a Nigerian fintech company sending 500,000 chargeable utility messages could incur about $5,050 in fees from Meta alone, excluding charges that may come from third-party providers or software platforms used to manage the messaging service.

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Business

Dangote Refinery Suspends Petrol Sales To Lagos Depots

Dangote Refinery is prioritising markets where imported products are either unavailable or less dominant, rather than adding more supply to Lagos, which receives substantial volumes of imported petrol.

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Dangote Petroleum Refinery has suspended coastal sales of Premium Motor Spirit (PMS) to depot owners and importers in Lagos.

People familiar with the refinery’s operations said that the move is deliberate, aimed at redirecting locally refined petrol to areas where imported supply is scarce.

The suspension is ongoing. A source said: “The suspension of coastal sales to Lagos is still ongoing. It is aimed at redirecting products to locations where imported products are unavailable. Lagos has quite some imported petrol.”

Dangote Refinery is prioritising markets where imported products are either unavailable or less dominant, rather than adding more supply to Lagos, which receives substantial volumes of imported petrol.

The strategy is intended to ensure locally refined petrol reaches areas where it is most needed.

The decision comes amid concerns at the refinery over the volume of imported petrol entering Nigeria.

According to data available to the refinery, imported PMS accounted for about 43 per cent of total petrol supplied into Nigeria in July

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Business

Naira Exchange Rates Friday, August 28

Today, the Naira Black Market exchange rate for 1 Great British Pound (GBP) is 1900 Naira. This means that you can get 1900 Naira for every 1 Pound that you exchange.

How much is 100 pounds in naira today?
At the current black market rate of 1900 per pound, 100 British Pounds = 190,000 Naira.

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BLACK MARKET RATES

US Dollar (USD) Buy ₦1,405 Sell ₦1,410

Great British Pound(GBP) Buy ₦1,900 Sell: ₦1,920

EURO (EUR) Buy ₦1,595 Sell ₦1,615

Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080

South African Rand (ZAR) Buy ₦75 Sell ₦90

Ghana CEDI (GHS) Buy ₦95 Sell ₦110

West African CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

CBN Exchange Rates

US Dollar (USD) ₦1,338.59

Great British Pound (GBP) ₦1,820.34

EURO (EUR) ₦1,560.12

Swiss Franc (CHF) ₦1,664 91

Chinese Yuan (CNY) ₦199.19

Japanese Yen (Yen) ₦8.40

West African CFA (XOF) ₦2.39

West African Unit Account (WAUA) ₦1,843.17

Saudi Riyal (SAR) ₦356 51

South African Rand (ZAR) ₦83.72

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