‘Airtel records 1.022 fibre cuts’
Airtel Nigeria says it has experienced 1,022 fibre cuts in the past eight months, which have affected its network quality of service. The fibre cuts incidents happened between July 2019…
FG facilitates $20m tech fund, N90bn agripreneur loan
To further drive its support for micro, small and medium enterprises (MSMEs), the federal government has facilitated a $20 million technology fund for young innovators through Bank of Industry (BoI),…
Peugeot maker PSA’s revenue, profits rise in 2019
Peugeot maker PSA Group posted a higher-than-expected rise in 2019 revenue on Wednesday, although the volumes of cars sold declined, with the French firm saying it anticipated sliding demand in…
Twitter founder, Jack Dorsey donates N2.3 million to Nigerian startup, DevCareer
Twitter founder, Jack Dorsey, has donated £5,000 ($6,437) in Nigeria’s nonprofit software startup, DevCareer. The fund from Dorsey, who was in Nigeria last year, formed part of the £16,800 ($20,599)…
Sony launches first 5G smartphone as it hopes to turn around struggling mobile business
Sony has unveiled its first 5G smartphone in a bid to prop up its struggling smartphone business. With the f flagship handset, Sony has leaned in to its heritage in…
Shopify joins nonprofit behind Facebook’s Libra currency
Online commerce platform Shopify on Friday said it has joined the nonprofit association behind Facebook’s planned Libra cryptocurrency. Canada-based Shopify signed on as a member of the Libra Association after…
Nissan launches a subscription service starting at $699 a month
Car subscriptions: they’re totally a thing! The latest automaker to test the waters on subscriptions is Nissan, which just launched a new, two-tier service in Houston, Texas. It’s called “Nissan…
9mobile invests $220m in 4G expansion
9mobile says it is investing $220m in the expansion of its 4G LTE to more Nigerian cities as part of efforts to deepen broadband penetration in the country. The company…
NCC approves 1,492 phone brands, warns users against unapproved devices
No less than 1,492 different brands and models have been approved by the Nigerian Communications Commission (NCC) for use in the country. The phones are said to be approved by…
US solar jobs have risen 167% since 2010, new data shows
The solar industry in the U.S. employed 249,983 people in 2019, a 2.3% increase compared to the previous year, according to The Solar Foundation’s “National Solar Jobs Census.” The 2019…
Bill Gates bought himself a Porsche over a Tesla — and Elon Musk just called him ‘underwhelming’
Elon Musk isn’t impressed with fellow billionaire entrepreneur Bill Gates. After Gates said he bought himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to throw shade at the…
GM, Fiat Chrysler and Toyota resume auto production in China
General Motors, Fiat Chrysler and Toyota Motor on Tuesday confirmed that they’ve reopened their factories or are beginning to restart production in China following an extended holiday shutdowns due to…
Apple shares skid on worries over coronavirus impact
Apple shares slumped on Wall Street Tuesday after the US tech giant warned of a bigger-than-anticipated financial hit from the coronavirus epidemic, roiling financial markets. Shares in Apple tumbled some…
Uber, Bolt riders lament over high charges, as Okada ban persists in Lagos
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the pockets of some residents, as they are forced to use…
Google launches $1 million fund for online safety
In a bid to support innovative ideas around privacy, safety and security in Sub-saharan Africa, Google has launched a $1 million pan-African fund. The fund was launched at the 16th…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum Corporation (NNPC), and the United States Trade…
Andela partners Facebook, UNODC to host Hackathon4Justice
Andela, Facebook and the United Nations Office on Drugs and Crime (UNODC) joined hands as they hosted the ‘Hackathon4Justice’, a challenge focused on building prototype solutions to tackle crime, uphold…
Early Facebook investor Peter Thiel cashes in 80% of his remaining stock in the social media giant (FB)
Peter Thiel, an early investor in Facebook , dumped $11 million worth of the social media giant’s stock on February 6, according to regulatory filings . The billionaire sold 53,602…
Toyota suspends operations in China over Coronavirus outbreak
Toyota, the world’s second-largest automaker, has announced that its auto plants located in China would remain shut due to the coronavirus outbreak. The company reportedly went on break during the…
Tesla surges 9% after reopening its Shanghai factory following coronavirus shutdown (TSLA)
Tesla’s Shanghai Gigafactory is expected to reopen Monday following a closure related to the coronavirus outbreak, and will receive government assistance to do so, Reuters reported. Shares of the Elon…
Jeff Bezos Is Selling Because Amazon Stock Is In Serious Trouble
Jeff Bezos has been on an Amazon stock (NASDAQ:AMZN) selling spree. In the last week, he dumped $4 billion worth of shares in the company he founded. (As an aside,…
Amazon’s Jeff Bezos sells stock worth of $3.5bn
Jeff Bezos is on a selling spree. Stock disposals by Amazon.com’s founder and CEO over the past week have reached 1.7 million shares, or US$3.45-billion (R51-billion), according to the latest…
Apple watch outsells entire Swiss watch industry
The Apple Watch wasn’t just the best-selling smartwatch last year, but also put the Swiss watch industry to shame, according to new sales estimates compiled by Strategy Analytics. The report…
US tasked to buy stakes in Nokia, Ericsson to battle Huawei
The tenuous relationship between the United States and the Chinese telecommunication giant, Huawei is about to take a new turn. The country has been told to buy controlling stakes in…
Okada ban: Gokada plans to offer logistics, boat services
Ride-hailing service, Gokada doesn’t look at ditching its brand, even after being banned from operating alongside other commercial motorcycles (Okada) and tricycles (Keke Napep) in Lagos State. While the ban,…
Subscribers may no longer have access to more than three phone lines
An individual may no longer be able to own more than three phone lines going by a directive handed down to the Nigerian Communications Commission by the Minister of Communications…
Siemens licenses Tranos to manufacture power boards locally
Nigeria’s leading engineering and manufacturing company – Tranosis pleased to announce a new partnership with Siemens for the manufacturing of metal-enclosed switchgear in Nigeria. This collaboration combines Tranos’ world-class sheet…
Banks recover N39.4bn non-performing loans from ICT sector
Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications Technology sector in one year. As of September 2019, the NPL in the ICT sector stood…
Alphabet shares tumble as Google underwhelms
Alphabet reported quarterly revenue that missed analysts’ estimates on waning search advertising growth, while new sales numbers on YouTube also disappointed Wall Street. The stock fell more than 4% in…
Tesla Stock Soars by More Than $100
Tesla’s stock surged on Monday on news that lifted already-rosy investor sentiment for the electric-car manufacturer. The company’s share price topped out at $786 — a record — just after…