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In the present time we exist. What time is it? It's present and now. It is the current time!
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
現在、ワニカニは大変な人気を呼んでいます。
Currently, WaniKani has won great popularity.
トーフグオフィスの現在の住所を教えてください。
Please tell me the present address of the Tofugu office.
現在は、一日に何件ぐらいのEmailを受信してるんですか？
About how many emails are you getting a day now?
An update is needed before you can continue but you have more than one WaniKani tab open.
Finish up whatever you are doing on the other tab(s), then close them to continue.
The update will complete automatically once the other tab(s) are closed.