- Facebook Shares Fall After Instagram Co-Founders Quit
Facebook shares fell by 2 percent on Tuesday after Instagram co-founders Kevin Systrom and Mike Krieger announced they are leaving the photo-sharing app they sold to Facebook for $1 billion in 2012.
The co-founders are leaving amid alleged clashes with CEO Mark Zuckerberg, adding to the number of executives that are leaving the company as Facebook continued to struggle with accusations of Russian interference and Cambridge Analytica scandal.
Their departure comes less than six months after WhatsApp’s founders Jan Koum and Brian Acton quit the US social media group, after clashing with Facebook chief executive Mark Zuckerberg over privacy and data protection in the wake of the Cambridge Analytica scandal.
Including the departure of Oculus VR co-founder Palmer Luckey 18 months ago, the founders of Facebook’s three biggest acquisitions have now all left the company.
According to Bloomberg, Systrom and Krieger had been able to keep the Instagram brand and product independent, while depending on Facebook’s infrastructure and resources for growth. But recently, “they grew frustrated with an uptick in day-to-day involvement by Zuckerberg, who has become more reliant on Instagram in planning for Facebook’s future.”
Kevin Systrom said in a blog post that the two men are “grateful for the last eight years” and the opportunity to grow the team from “13 people to more than a thousand”. He further said the two men would be taking some time off before their next venture.
British High Commission to Start Accepting Visa Applications From Nigerians Soon
UK Embassy to Start Accepting Visa Applications from Nigerians Soon
The British High Commission in Nigeria has said it will start accepting visa applications from Nigerians willing to travel to the United Kingdom.
In a statement issued Thursday, the British High Commission in Abuja said visa application centres, which were initially suspended due to the pandemic, would reopen “when it is safe to do”.
The statement read, “We know there are many Nigerian nationals hoping to travel to the UK when flights resume, both for employment and to see family members.
“UKVI are working closely with TSL contact, our commercial partner, to reopen visa application centres that were suspended due to COVID-19.
“UK visa application centres are reopening in phased manner globally when it is safe to do so and when we can operate an effective service.”
The commission also noted that Nigerians planning to visit the United Kingdom can do so immediately international flights resume in the country.
This statement was put out on the same day the United States reported over 60,000 new cases of COVID-19 pandemic and the Federal Government of Nigeria put on hold its school resumption plan.
COVID-19 Cases Inch Closer to 30,000 in Nigeria
NCDC Reports More COVID-19 Cases in Nigeria
The number of COVID-19 victims continues to rise in Africa’s largest economy, Nigeria, according to the Nigeria Centre for Disease Control (NCDC).
According to the centre, the number of confirmed cases rose by 503 on Tuesday to 29,789 while the number of recovered and discharged patients increased to 12,108.
However, 15 new deaths due to the virus were reported in the last 24 hours.
NCDC said, “Till date, 29,789 cases have been confirmed, 12108 cases have been discharged and 669 deaths have been recorded in 36 states and the Federal Capital Territory.”
A break down of the report revealed that the 503 new cases were reported from 20 states with Lagos remaining the frontline state with 153 new cases.
Ondo (76), Edo (54), FCT (41), Enugu (37), Rivers (30), Benue (24), Osun (20), Kaduna (15), Kwara (13), Abia (9), Borno (8), Plateau (6),Taraba (5), Ogun (3), Kano (3), Kebbi (2), Nasarawa (2), Bayelsa(1) and Gombe (1).
Confirmed Cases by States
|States Affected||No. of Cases (Lab Confirmed)||No. of Cases (on admission)||No. Discharged||No. of Deaths|
Fire Guts Central Bank of Nigeria Office in Gombe
Fire Outbreak at Central Bank of Nigeria Office
The Central Bank of Nigeria on Friday said there was a fire outbreak at its branch in Gombe.
In a statement released by the apex bank through its official Twitter handle @cenbank, it said “Today, a minor fire incident was reported at our Gombe branch.”
The central bank further stated that the fire started from an electrical fault and destroyed some furniture in the Controller’s office but it was quickly put out.
Also, the apex bank emphasised that no injury, records, or assets were affected during the incident.
“The fire which started from an electrical fault and partially destroyed some furniture in the Branch Controller’s office was promptly put out. There was no injury and no record or other asset of the Bank was affected.”
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