Despite Stamp Duty Charge, PoS Transactions Hit N874bn In 3 Months
Despite the implementation of the stamp duty charge of N50 on Point of Sale transactions above N1,000, the value of…
Category: Technology
Carbon launches USSD service to enhance access to finance
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making it even easier for individuals…
BMW releases details of its new electric car to rival Tesla
BMW released Tuesday the details of an electric concept car, with production of the vehicle expected to start in 2021.…
Total Is Said to Bid for Stake in $7.4 Billion U.K. Wind Farm
French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may…
‘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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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)…
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…