BMW Has Got Its Timing Right For Beefing Up Electric Cars: CEO
BMW has timed its shift to electric cars well and its upcoming products will upend the perception the German carmaker is behind on electrification and could make its stock compete…
Exclusive: Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital…
NIN: Telcos Lose 11.8 Million Subscribers In Four Months
The number of telecom subscribers in the country dropped by 11.84 million in four months, according to latest industry statistics from the Nigerian Communications Commission. The recent report shows that…
Seplat Issues $650m Five-Year Senior Notes
Seplat Petroleum Development Company Plc, a Nigerian independent energy company, said on Sunday that it had priced its offering of $650m in aggregate principal amount of senior notes due 2026.…
Toyota Presses Australia To Promote Roll-Out Of Hydrogen Fuel Stations
Toyota Motor Corp on Monday opened its first commercial hydrogen fuel pump site in the Australian state of Victoria, urging the government to encourage the rollout of more sites to…
Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital…
Telcos Reject Demand By Banks For Sim Swap List
Telecommunication Companies have rejected the demand by Association of Chief Audit Executives of Banks in Nigeria (ACAEBIN) to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS)…
Singapore Wealth Fund Buys 2.5% Stake In Cellnex From Benetton Family
Singapore wealth fund GIC has agreed to buy a 2.5% stake in Europe’s largest mobile phone towers operator Cellnex from Edizione, the Benetton family’s investment firm, Edizione said on Friday…
Facebook, Google Suggest Reform
Facebook Chief Executive Mark Zuckerberg has laid out steps to reform a key internet law on Wednesday, saying companies should have immunity from liability only if they follow best practices…
Federal Government Of Nigeria Begs States To Back Actualisation Of 70 Per Cent Broadband Penetration
Minister of Communications and Digital Economy, Dr. Isa Pantami, has appealed to state governments to cooperate with service providers in ensuring the realisation of the Federal Government’s 70 per cent…
US Congress Piles Pressure On Big Tech CEOs Over Misinformation
Only Twitter Inc CEO Jack Dorsey replied “yes” to the question but said the “broader ecosystem” had to be taken into account. “It’s not just about the technology platforms we…
Forex, Border Control Soar Prices Of Fairly Used Cars`
The prices of fairly used cars known as ‘Tokumbo’ have skyrocketed due to tight border control and soaring exchange rates. A cross-section of car dealers, who spoke with NAN in…
Africa Is Ripe With Enough Innovation To Finance Its Future
If anything would increase a country’s chances of attaining economic independence, it is financial inclusion. With access to financial products and services, citizens can quickly meet social needs and be…
NFT Artwork By Humanoid Robot Sells At Auction For Nearly $700,000
A digital artwork by humanoid robot Sophia was sold at auction on Thursday for $688,888 in the form of a Non-Fungible Token (NFT). NFTs, a digital signature saved on blockchain…
Boohoo Cuts Number Of UK Suppliers
British online fashion retailer Boohoo on Thursday revealed a major consolidation in its supplier base as it published a full list of UK manufacturers to meet a pledge on transparency.…
MTN Nigeria Unveils Customer Engagement Platform
MTN Nigeria has unveiled a new unified customer engagement platform, EnGauge, designed to enable small-to-medium enterprise business owners seamlessly administer transactions with customers, potentially increasing their productivity significantly. Developed in…
Deutsche Telekom, Slovak Unit Lose Appeal Against EU Antitrust Fine
Deutsche Telekom and its Slovak unit on Thursday lost their fight against an antitrust fine levied nearly a decade ago by European Union enforcers after Europe’s top court endorsed the…
Google Offered A Professor $60,000, But He Turned It Down. Here’s Why
When Luke Stark sought money from Google in November he had no idea he’d be turning down $60,000 from the tech giant in March. Stark, an assistant professor at Western…
Asian Shares Wobble In Volatile Trade As China Tech Selloff Weighs
Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they will be de-listed from U.S. bourses and worries about a…
Chinese Tech Stocks Fall As U.S. SEC Begins Rollout Of Law Aimed At Delisting
Shares in dual-listed Chinese companies fell sharply on Thursday in Asia after the U.S. securities regulator adopted measures that would kick foreign companies off American stock exchanges if they do…
Massachusetts Court Reverses Order Requiring Facebook To Disclose App Records In Privacy Probe
The top court in Massachusetts on Wednesday reversed an order requiring Facebook Inc to turn over to state Attorney General Maura Healey records identifying apps the company suspected had misused…
Google Signs News Content Deals With Italian Publishers
Alphabet Inc’s Google has sealed its first licence agreements in Italy with several publishers to offer access to some of their content on the U.S. tech group’s Showcase news platform.…
Airlines Must Pay All Charges Except Duty, VAT -NCS
The Nigeria Customs Service on Tuesday said airlines operating across the country including Air Peace must pay all other appropriate charges aside from Customs duty and Value Added Tax for…
Euro Zone Economy Back To Growth In March As Factories Roar: PMI
Euro zone economic activity made a surprise return to growth this month as factories ramped up production to its fastest pace in over 23 years, offsetting a continuing slowdown in…
TSMC Shares Slide, As Taiwan Plays Down Intel’s $20 Billion Expansion Challenge
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell nearly 4% on Wednesday after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s…
Musk Says ‘Can Now Buy A Tesla With Bitcoin’
Tesla Inc’s Elon Musk tweeted here on Wednesday, “you can now buy a Tesla with bitcoin.” -Reuters
Nigerian Fintech Startup, Blueloop, Gets YC Backing As It Plans Global Expansion
Nigerian fintech startup, Blueloop, has been accepted into the Winter 2021 batch of US-based accelerator, Y Combinator. The startup will be joining 10 other African startups in the 2021 batch…
Twitter Boss Jack Dorsey’s First Tweet Sells For $2.9m
Each NFT has its own blockchain-based digital signature, which serves as a public ledger, allowing anyone to verify the asset’s authenticity and ownership. They can be attached to digital art…
GameStop Loses Second Senior Exec As Shakeup Deepens
GameStop Corp said on Tuesday its chief customer officer Frank Hamlin will resign from the company on March 31, the latest sign of a broader overhaul at the video game…
Norway Blocks Rolls-Royce’s Plan To Sell Engine Maker To Russia
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday. Based on Norway’s west…