META TO END END-TO-END ENCRYPTION FOR INSTAGRAM DIRECT MESSAGES. (PHOTO).

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 Meta to end end-to-end encryption for Instagram direct messages Meta is ending end-to-end encryption for Instagram direct messages, a feature the company says will no longer be available after May 8, 2026. Unlike WhatsApp, Instagram never offered encryption to all users or as a default; only select users in certain regions could opt in on a per-chat basis. A Meta spokesperson explained that the decision comes due to low adoption. “Very few people were opting in to end-to-end encrypted messaging in DMs, so we’re removing this option from Instagram in the coming months,” the spokesperson said. “Anyone who wants to keep messaging with end-to-end encryption can easily do that on WhatsApp.” Meta’s messaging strategy has shifted multiple times over the years. WhatsApp chats have been encrypted since 2016, and the company began rolling out default encryption for Messenger in 2023. However, Meta has not clarified whether the Instagram decision affects Messenger, which is still in the proc...
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NAIRA DOWN TO N1,410/$ IN PARALLEL MARKET.(PHOTO).

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 Naira down to N1,410/$ in parallel market

The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per dollar.


Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,354.21per dollar from N1,400.4 per dollar last week Friday, indicating N46.19 appreciation for the naira.


The market recorded an intraday high of N1,441 per dollar and an intraday low of N1,285 per dollar resulting in a margin of N156 per dollar. The volume of dollars traded (turnover) in the market declined by 58 percent to $84.83 million from $201.88 million traded the previous day.


Consequently, the margin between the parallel market and NAFEM rates widened to N55.79 per dollar from N5.4 per dollar last Friday.

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