Toyota Chief Warns Apple Over Car Plans
Regardless of whether or not Apple is actually planning to launch a car, Toyota President Akio Toyoda has warned that the tech giant that building and selling cars isn’t as…
Book On Telecoms Law, Regulations Debuts
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof, Umar Danbatta was among eminent personalities that have endorsed a new book on Nigeria’s telecommunications industry’s legal and regulatory…
FG Okays New N6.98 USSD Rate, Telcos Shelve Withdrawal
Telecommunications operators, yesterday, suspended planned withdrawal of Unstructured Supplementary Service Data (USSD) short code service, otherwise known as banks’ transfers from banks and other financial institutions in the country. The…
BMW Sees Significant Profit Growth In 2021
German carmaker BMW on Wednesday said it expects a significant year-on-year increase in group pretax profit in 2021 as it forecast a strong performance in all of its segments. BMW,…
NITDA Imposes N5m Fine On Fintech For Data Breach
The National Information Technology Development Agency has fined Electronic Settlement Limited the sum of N5m for personal data breach. This was contained in a statement on Monday titled ‘NITDA sanctions…
Developers To Pay Lower Fees To Google’s App Store For First $1 Million In Revenue
Alphabet Inc’s Google said on Tuesday that it was cutting the service fee that app developers pay to Google Play app store to 15% for the first $1 million in…
Ford’s Turkish Joint Venture To Produce Electric Vans From 2023
Ford Motor Co said on Tuesday that the next version of its Transit van for the European market will go into production in Turkey in 2023 and include fully electric…
Investors Value China’s Ant Group At Over $200 Billion After IPO Halt – Sources
Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a…
Fintech Company Flutterwave Announces Partnership With PayPal
Flutterwave, the $1bn fintech company founded by Nigerian-born Silicon Valley enthusiast, Olugbenga Agboola, has announced a new partnership with global payment solutions platform, PayPal. In a statement on Tuesday, Flutterwave’s…
AFL-CIO Urges U.S. To Block Imports Of Solar Products From China’s Xinjiang
The leader of the AFL-CIO, the largest U.S. labor federation, is calling on the Biden administration and Congress to stop imports of solar products from China’s Xinjiang region over human…
Nokia To Cut Up To 10,000 Jobs Over Next Two Years
Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities.…
News Corp Inks Australia Facebook Deal, Signalling Truce After Blackout
Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant…
Microsoft Rolls Back Update To Fix Access Issues For Thousands
Microsoft Corp said early on Tuesday glitches that affected access to workplace messaging app Teams, Outlook.com and other services have been largely fixed after it rolled back an update. The…
Microsoft Could Reap More Than $150 Million In New U.S. Cyber Spending, Upsetting Some Lawmakers
Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering some lawmakers who don’t want to increase funding for a…
Bitcoin Intraday Trading Pattern Emerges As Institutions Pile In
Bitcoin has shown a tendency lately to clock its intraday low in the Asian or European session, and end near daily highs in the U.S. For example, the low on…
U.S. Stocks Edge Higher; Yield Spike Hits Tech
U.S. stocks eked out a record, though rising Treasury yields continued to weigh on technology stocks. The dollar jumped. The S&P 500 closed higher amid rallies in financial and industrial…
Harnessing The Power Of Mobile Marketing To Drive The Growth Of Fintech Across Africa
Although relatively new, fintech has become a hit with Africa’s mobile-first population. While traditional financial services institutions have been unable to adequately serve large parts of the African population, a…
Netflix May Crack Down On Password Sharing
If you’re using your sister’s boyfriend’s dad’s Netflix account — listen up. The streaming giant is testing a new feature that could help it crack down on password sharing. Netflix…
Exclusive: Posco’s Steel Plant In India Faces Disruption, Hampering Auto Supply Chain
Operations at South Korean steelmaker Posco’s plant in India’s western state of Maharashtra have been disrupted by protests over labour and other issues, police and sources told Reuters, hampering the…
Nigerian Payments Startup Flutterwave Now Valued At Over $1Bn. Raises $170m
Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African tech startup and one that gives it “unicorn” status with…
With Green Energy, Japanese Governor Wants To Take Fukushima Out Of Nuclear Shadow
A decade after Japan’s devastating nuclear meltdown, the governor of Fukushima hopes the prefecture can step out of the shadow of disaster and become a symbol for green energy, although…
China Semiconductor Trade Association Establishes Work Group With U.S. Counterpart
The Chinese Semiconductor Industry Association (CSIA), a major trade association for China’s chip industry, will establish a working group with its U.S-based counterpart, the organisation announced on Thursday. The announcement…
FCMB Introduces Paperless And Cardless Transactions At Branches, ATMs And POS Terminals
Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints and Bank Verification Numbers (BVNs). This followed the introduction of…
Nokia Signs Patent License Pact With Samsung
Nokia has struck a deal with Samsung to license patents covering its innovations in video standards, the Finnish telecom company said on Thursday. While the companies did not disclose the…
Tesla Raises Price Of Variants Of Model Y, Model 3, Model S
Tesla Inc has increased price of its Model Y Long Range and Model S Plaid plus by $10,000, the electric-car maker’s website showed. The price of its Model 3 Standard…
China’s Smartphone Shipments Build On Post-Pandemic Rebound In February
China’s smartphone shipments increased more than threefold in February 2021 from a year ago, government data published on Thursday showed, signaling an encouraging rebound from last year’s nadir as the…
Millions Of Websites Offline After Fire At French Cloud Services Firm
A fire at a French cloud services firm has disrupted millions of websites, knocking out government agencies’ portals, banks, shops, news websites and taking out a chunk of the .FR…
Huawei Customer United Group Considering Changing Telecom Gear Vendor
Balkan telecoms and media company United Group is considering switching parts or all of the Huawei equipment that dominates its infrastructure to alternative providers, as it seeks to align itself…
Fire Destroys Servers At French Data Company OVHcloud
An overnight fire at French cloud computing company OVHcloud, which this week started the process for a potential IPO, destroyed some servers and forced the temporary shutdown of others, its…
Experts Brainstorm On Marketing Communications
A marketing and advertising publication, Marketing Edge, is set to host leading experts in the integrated marketing communications (IMC) sector at the inaugural edition of its quarterly virtual summit. The…