Brands Hope To Cash In On Clubhouse Audio App Frenzy
Last month, during a live game show on audio-chat app Clubhouse, tech entrepreneur and investor Noah Lichtenstein and his co-hosts handed out $3,200 in prizes funded by Square Inc-owned payment…
Chinese Ev Trio Eye Hong Kong Listings This Year To Raise Combined $5 Billion – Sources
U.S.-listed Chinese electric vehicle (EV) makers Li Auto Inc, Nio Inc and Xpeng Inc plan to list in Hong Kong as soon as this year, tapping a growing investor base…
Transcorp Hotels Launches Digital Platform
Transcorp Hotels Plc has announced the launch of ‘Aura,’ a new digital platform through which people can book accommodation and other services offered by the organisation. Aura, which is Transcorp’s…
We Spent N966bn On Pipeline Repairs, NNPC Replies Augf
The Nigerian National Petroleum Corporation has explained that it spent N966bn to repair pipelines between 2010 and 2015. NNPC stated this in response to the query raised in the 2016…
Panasonic To Buy U.S. Software Firm Blue Yonder For $6.5 Billion, Says Nikkei
Panasonic Corp will buy U.S. software firm Blue Yonder for 700 billion yen ($6.45 billion), the Nikkei reported on Monday, saying it was the Japanese electronics firm’s biggest acquisition since…
China Outlines Push To Develop Domestic Engine For C919 Jet In Five-Year Plan
China will push forward with the development of CJ1000, a turbofan jet engine designed to power the homemade C919 narrowbody aircraft, the government said on Friday in its development plan…
Jay-Z Sells Majority Stake In Tidal To Jack Dorsey’s Square
Both parties confirmed the acquisition in a statement via their respective Twitter handles on Thursday. As part of the deal, Jay-Z will move to Square’s board of directors and Tidal’s…
US Big Tech Firms Jostle For India’s Huge Digital Payments Market
Technology giants Facebook Inc., Amazon.com Inc. and Google and credit-card providers Visa Inc. and Mastercard Inc. are among those vying for unprecedented access to India’s burgeoning digital retail payments market.The…
Federal Government Approves Establishment Of SIM Swap Centres By Mobile Network Operators
The Ministerial Task Force on the NIN-SIM registration has approved the establishment of SIM Swap Centres by Mobile Network Operators MNOs across all Local Government Areas (LGAs) in Nigeria to…
Collaboration Necessary To Deliver Digital Payment Services’
Financial experts who participated at the Nigeria Finance virtual forum, which held on Tuesday, have stressed the need for collaboration between fintech developers, the banks and the financial institution regulator,…
Nigeria Ranks Lowest In Internet Affordability – Report
A global study on the quality of digital wellbeing in 85 countries has ranked Nigeria the lowest country in Internet affordability. According to the Surfshark’s Digital Quality of Life Index…
Nigerian Team Builds First-Of-Its-kind Technology For Microsoft
Microsoft Mesh, a new mixed-reality platform powered by Azure – that allows people in different physical locations to join and share holographic experiences on many kinds of devices, was launched…
Apple-Supplier Foxconn Flags Strong Start To Year As Lockdowns Spur Electronics Demand
Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong iPhone sales and robust demand for electronics during lockdowns worldwide…
MTN Records 37.2 Million NIN Enrolment
MTN Nigeria said it has enrolled 37.2 million National Identification Numbers (NINs) for its subscribers in the ongoing exercise of linking the number with the Subscriber Identification Module (SIM) card.…
E-Payments In Nigeria Decline Across All Channels
The value of electronic payment (e-Payment) transactions in Nigeria fell month-on-month, MoM, by 10 per cent to N19.9 trillion in January 2021, from N22 trillion in December 2020. Similarly, the…
The African Union Claims 300m Africans Live 50km Away From Broadband Connections
The African Union (AU) has noted that though there has been a huge expansion of fibre optic networks on the continent (which have extended from 278 056 km in 2009…
General Motors Extends Vehicle Production Cuts Due To Semiconductor Chip Shortage
General Motors Co said on Wednesday it was further extending production cuts at three North American plants and adding a fourth to the list of factories hit by the global…
Samsung Considers Four Sites In U.S. For $17 Billion Chip Plant: Documents
Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to…
European Telcos Cash In On Tower Assets As High-Cost 5G Investment Looms
European telecoms firms are cashing in on the money-making power of masts, as tower companies line up to pay multi-billion dollar price tags for antennas buzzing with ever more data…
Federal Government Of Nigerian Wants Telcos To Establish SIM Swap Centres In 774 LGAs
The Nigerian Government has approved the establishment of dedicated Subscriber Identification Modules (SIM) Swap centres by Mobile Network Operators (MNOs) across the 774 Local Government Areas (LGAs) of Nigeria. This…
National Information Technology Development Agency Seeks Review Of 2007 Act
The Director General of the National Information Technology Development Agency, Kashifu Abdullahi, has presented a proposal for the realignment of ‘NITDA Act 2007’ with the tenets and ideals of Digital…
Nigerians Now Use 80,000 Terabytes Of Internet Monthly, Above SSA Average
Nigerians now consume 80,000 terabytes of internet data every month says Umar Garba Danbatta, executive vice-chairman of the Nigerian Communications Commission (NCC). The 80,000 terabytes (TB) amount to 800,000,000 Gigabytes…
Google, Researchers Launch Data Platform To Tackle COVID-19
Google.org has joined hands with a consortium of COVID-19 researchers to launch Global.health, an open-access epidemiological data platform that enables experts to track disease spread in real-time and to forecast…
Twitter Vows To Boost User Ranks And Revenue
Twitter said Thursday it wants to swell its ranks of users, offer more features, and double revenue in the next two years. Twitter chief Jack Dorsey outlined the goals in…
NIMC Warns Nigerians Against Fake NIN Verification Website
The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC on Friday warned the general public that the website, which claimed to verify…
Nigeria Records Highest Power Transmission Of 5,615.40MW
The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national peak of 5,615.40MW. A statement issued on Tuesday in Lagos by Ms Ndidi Mbah, General…
Betting On Death Of Petrol Cars, Volvo To Go All Electric By 2030
Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the…
To Go Electric, America Needs More Mines. Can It Be Built?
Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer Ltd, an Australian…
China Studies Boeing 737 MAX Recertification, Wants Safety Concerns Fully Addressed
China’s aviation regulator said on Monday that its major safety concerns with the Boeing Co 737 MAX have to be “properly addressed” before conducting flight tests, but it is studying…
Tech Demand Drives Asia’s Factory Revival, China’s Slowdown Puts Dampener
Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery…