Search engine giant Google, is reportedly in advanced talks to acquire cyber start-up, Wiz, for $23 billion.
The deal if completed would be the company’s largest acquisition.
The Wall Street Journal reported Sunday, citing people familiar with the matter.
The newspaper addes that a deal could come soon and would also underline a clear and continued bet on cybersecurity.
Wiz provides an all-in-one solution for cloud security by absorbing information from Google Cloud, Microsoft Azure, Amazon Web Services, and other cloud platforms and then analyzing it all to find security risks.
READ ALSO:Google announces $2bn investment in Malaysia to expand data centre, AI infrastructure
The transaction is presumably seen by Alphabet management as a means of bolstering Google’s cloud business, which had a 28% growth to $9.57 billion in the first quarter of this year.
Wiz raised a $1 billion Series E with a $12 billion value two months before the release of this report.
Yinon Costica, Roy Reznik, Assaf Rappaport, and Ami Luttwak, all former Microsoft employees, founded Wiz four years ago.
The company has raised $1.9 billion till date.
The business has $350 million in recurring income annually at the time of its most recent investment round.
The post Google in advanced negotiations to acquire cyber startup Wiz for $23bn – Report appeared first on Latest Nigeria News | Top Stories from TVN.
Google in advanced negotiations to acquire cyber startup Wiz for $23bn – Report
Courts shut down as Anambra judiciary workers begin indefinite strike
The Judiciary Staff Union of Nigeria, JUSUN, Anambra State Chapter, on Monday commenced an indefinite strike over the refusal of the state government to pay the Consolidated Judiciary Salary Structure, CONJUS.
NAN correspondent, who visited the High Courts at Ekwueme Square, Chief Magistrate’s Courts and Customary Courts in Amawbia, Awka, reports that there were no court proceedings.
There were no magistrates, judges or staff seen around the court premises except security personnel on duty.
Lawyers and litigants who came around were turned back as the entrance gates were locked.
Speaking to NAN, Mr Henry Ezeoke, the State Chairman, JUSUN said the indefinite strike was to protest non-adherence to an agreement reached between the group and the state government in 2011 and 2015.
“The action was a result of the state government’s refusal to pay CONJUS as agreed in 2011 and 2015 respectively.
“We have explored all possible avenues but the state government has refused to comply with the agreement on implementation of CONJUS.
“The union earlier issued a 21-day ultimatum to the state government but it was ignored. We believe that downing tools is the only language the government understands.
“Therefore, the strike will last indefinitely, until the government meets the conditions and pending further directives by the union,” Ezeoke said.
Courts shut down as Anambra judiciary workers begin indefinite strike
Tinubu reverses Adekanmbi’s appointment as HYREP Coordinator, reinstates Zabbey
President Bola Tinubu has reinstated Professor Nenibarini Zabbey as the Project Coordinator of the Hydrocarbon Pollution Remediation Project.
The President’s Special Adviser on Media and Publicity, Ajuri Ngelale, announced Zabbey’s reinstatement in a statement on Monday titled ‘President Tinubu reinstates professor Nenibarini Zabbey, as HYREP coordinator.’
Monday’s development comes two days after Tinubu approved the appointment of Dr Olufemi Adekanmbi, a former Commissioner for Special Duties, Culture and Tourism in Ondo State, as the new Project Coordinator for the Hydrocarbon Pollution Remediation Project.
Explaining the reason for the reversal, the Presidency said Tinubu “Reached the decision following a performance review of the HYPREP Project Coordinator and concluded that the Project Coordinator is fit to discharge his functions by the regulations guiding the execution of the Hydrocarbon Pollution Remediation Project.”
Zabbey was first appointed HYPREP Coordinator in May 2023 by former President Muhammadu Buhari, succeeding Dr. Giadom Dumbari.
A tweet by the Presidency, @NGRPresident, announced the change in leadership saying, “President @MBuhari has approved the termination of the appointment of the @HYPREPNigeria Project Coordinator, Dr. Ferdinand Giadom, and the appointment of Prof. Nanibarini Zabbey as the new Project Coordinator, with immediate effect.”
According to Ngelale, “By the directive of the President, the reinstatement of the HYPREP Project Coordinator takes immediate effect.”
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Why we didn’t raise investment at Dangote Refinery – NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) said on Monday it has not increased its earlier investment in the 650,000 barrels per day Dangote Refinery for a commercial reason.
NNPCL Chief Information Officer, Olufemi Soneye disclosed this in a terse statement in Abuja.
He was reacting to a statement credited to the Chairman of Dangote Refinery, Aliko Dangote that NNPC’s stake was now 7.2 percent contrary 20 percent mentioned earlier.
According to Soneye, NNPCL had several months ago decided to cap its investment at the amount already paid.
READ ALSO:Dangote Refinery updates stake ownership, NNPC’s share reduced to 7.2%
Soneye said that the decision not to invest any further in the Dangote refinery did not impact NNPC’s business.
He said: “Several months ago, we made a commercial decision to cap our investment at the amount already paid.
“This decision was taken by NNPC Ltd and has no impact on our business.”
However, the position is contrary to the widely announced claim by the Group Chief Executive Officer of NNPCL, Mele Kyari, that the company had bought 20 percent in Dangote Refinery.
By: Babajide Okeowo
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Amaewhule-led Rivers assembly blocks Fubara from spending
The Rivers State House of Assembly, led by Martin Amaewhule, has shut down all expenditures of Governor Siminalayi Fubara until he presents his budget before the lawmakers.
The assembly made the move during plenary on Monday, following a seven-day ultimatum the lawmakers gave the governor to present his budget before the House.
The Leader of the House, Major Jack, raised the motion informing the House about the expiration of the seven-day ultimatum given to the governor to present the 2024 budget before the House.
After deliberation, the House voted to shut down the Rivers State Consolidated Revenue Account, thus preventing Fubara’s administration from spending any money on behalf of the state.
According Online reported that the Amaewhule-led Assembly had on July 8 given Fubara, a seven-day deadline to resubmit the 2024 budget and also accused him of breaching the provisions of the 1999 Constitution as amended.
In a letter dated July 8, 2024, signed by Amaewhule and sent to Fubara on Monday, the House highlighted the governor’s actions that breached the Constitution.
This order was issued during the first session of the pro-Wike House after a hiatus of several months.
Fubara had previously presented the budget to the faction, with his current Chief of Staff, Edison Ehie, presiding as Speaker.
Ehie and the pro-Fubara lawmakers passed the budget estimates, which the governor then signed into law.
The ongoing political crisis between the governor’s loyalists and his predecessor, Nyesom Wike, is marked by repeated interventions to settle their differences.
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NiMet predicts 3-day thunderstorms, rains from Monday
The Nigerian Meteorological Agency, NiMet, has predicted thundery and rainy weather activities from Monday to Wednesday across the country.
NiMet’s weather outlook released on Sunday in Abuja, forecast morning thunderstorms over parts of Taraba, Adamawa, Zamfara, Kebbi, Katsina, Kano and Kaduna States.
According to the outlook, thunderstorms are expected over parts of Taraba, Kaduna, Yobe, Katsina, Kano, Borno, Bauchi and Jigawa states later in the day.
“In the North Central region, rains are expected over parts of the Federal Capital Territory, FCT, Niger and Nasarawa states during the morning hours.
“Later in the day, thunderstorms and rains are anticipated over parts of the Federal Capital Territory, Niger, Kwara, Plateau and Kogi States.
“Morning drizzle and rains are anticipated over parts of Lagos, Abia, Ebonyi, Ondo, Ogun, Rivers, Akwa Ibom and Cross River; while in the afternoon and evening hours, intermittent rains are anticipated over the entire southern region,“ it said.
NiMet envisaged morning thunderstorms over Adamawa, Taraba, Kaduna, Gombe, Katsina, Kano, Bauchi, Yobe, Borno and Jigawa on Tuesday.
It predicted thunderstorms over parts of Adamawa, Taraba, Gombe, Bauchi, Yobe, Borno and Jigawa states later in the day.
“In the North Central region, rains are expected over parts of the Federal Capital Territory, Benue and Kogi States during the morning hours.
“Later in the day, thunderstorms and rains are anticipated over parts of the Federal Capital Territory, Plateau, Nasarawa, Niger, Kogi, Kwara and Benue States.
“Morning rains are anticipated over parts of Ogun, Ondo, Delta, Cross River and Akwa Ibom States; while in the afternoon and evening hours, thunderstorms and intermittent rains are anticipated over the entire Southern region,” it said.
According to NiMet, morning thunderstorms are expected over parts of Sokoto, Kebbi, and Zamfara States on Wednesday.
The agency anticipated thunderstorms over the entire region later in the day.
“In the North Central region, rains are anticipated over Niger and Kwara States during the morning hours.
“Later in the day, thunderstorms and rains are anticipated over Plateau, Nasarawa, FCT, Kogi, Kwara and Benue States.
“Morning rains are anticipated over parts of Cross River and Akwa Ibom States; while in the afternoon/evening hours, intermittent rains are expected over the entire southern region,” it said.
NiMet predicts 3-day thunderstorms, rains from Monday
Court bars journalists, as hearing begins afresh Oct. 17
Journalists were barred from covering the case involving the suspended Enigie (Dukes) of Benin Kingdom and the Oba of Benin, Ewuare II when the hearing resumed on Monday at Court Six of the Benin High Court, Edo State.
The case will also start afresh on October 17 with a new judge taking over the case due to a posting within the state judiciary. Justice Peter Akhihiero presided over the case initially but the case would now be heard by M.N Asemota.
The suspended Enigie (Dukes) led by the Duke of Evbuobanosa and Egbaen Siluko dukedoms in Benin kingdom, Prof. Gregory Akenzua and Chief Edomwonyi Ogiegbaen are challenging their suspension from office by the Oba.
At the last hearing on May 9, over 100 priests, priestesses and palace chiefs stormed the High Court chanting curses against the enemies of the Oba.
This led the state government, through its commissioner for Communication and Orientation, Chris Nehikhare, to send a warning to those who might be planning to disrupt Monday’s proceeding, urging them not to intimidate lawyers and judges in the discharge of their duties.
However, the mass gathering and disruption did not take place at the court and the matter was adjourned to October 17 when the case is expected to begin afresh.
One of the lawyers of the defence council, Samson Osagie, said that the posting within the state judiciary led to the transfer of judges from different judicial divisions.
He said, “The case was adjourned to October 17 when it will start afresh because of posting within the Edo State Judiciary leading to transfer of judges from different judicial divisions.
“Today, court six which is handling the matter has indicated that as a new judge, the matter will have to start de novo, what that means is that it has to start afresh. This is so because it was not the judge that was handling it before that is now handling the matter and that is the position of the law.
“Nothing happened today (Monday) in terms of proceedings except that the matter was mentioned again for the first time and the court ruled that the matter has to start afresh on October 17”, he added.
BREAKING: Nigeria’s inflation rate now 34.19 percent
Nigeria’s inflation rate has jumped to 34.19 percent.
The National Bureau of Statistics ( NBS) disclosed this in a report released on Monday .
Details later…
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Nigeria’s headline inflation rises to 34.19% in June
Nigeria’s inflation rate increased to 34.19% in June 2024, according to data released by the National Bureau of Statistics on Monday, June 15, 2024.
This represents an increase of 0.24 per cent from the previous headline inflation rate of 33.95 per cent in May.
Details later…
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Rivers Assembly stops Governor Fubara’s spending until budget submission
The Martin Amaewhule-led House of Assembly has shut down all expenditures of the Rivers State until Governor Siminalayi Fubara presents his budget before the House.
This comes after the expiration of the 7-day ultimatum the faction gave to Governor Siminalayi Fubara to present the 2024 budget before the House.
Major Jack raised the motion informing the House about the expiration of the seven-day ultimatum given to the governor to present the 2024 budget before the House.
The Martin Amaewhule-led assembly therefore resolved that Governor Fubara is no longer allowed to approve or authorize expenditure from the consolidated revenue fund of the state, nor are ministries permitted to spend public funds until the 2024 budget is presented.
TVN recalls that in December 2023, the governor signed the budget of 800 billion naira into law after presenting it before lawmakers led by the former factional speaker, Mr Edison Ehie.
Rivers Assembly stops Governor Fubara’s spending until budget submission