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…
Category: Technology
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…
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…
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…
Federal Government Orders Immediate Resumption Of Domestic Flights Catering Services
Catering services, hitherto suspended at the onset of the COVID-19 pandemic are to resume on domestic flights immediately, the Federal…
Abu Dhabi Funds Invest $150 Million In Messaging App Telegram
Abu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners have invested a combined $150 million in…
Microsoft In Talks To Acquire Discord For More Than $10 Billion
Microsoft Corp is in talks to buy messaging platform Discord Inc for more than $10 billion, Bloomberg News reported, citing…
AB Volvo Shares Fall 7% After Warning Chip Shortage To Hit Output
Shares in AB Volvo fell 7% on Tuesday after the Swedish truckmaker warned of a substantial hit on production in…
A Company Will Pay You $2,400 To Stay Away From Screens For 24Hours
Put the phone away for an hour. Or, better yet, make it 24 hours — you might just get $2,400…
Rise Fund To Invest $200 Mln In Airtel Africa’s Mobile Money Business At $2.65 Bln Valuation
Telecommunications and mobile money services provider Airtel Africa said it signed an agreement under which The Rise Fund, the global…
Samsung Gets 5G Equipment Contract From Japan’s NTT Docomo
Samsung Electronics Co said on Monday it has won a contract from Japanese mobile operator NTT Docomo Inc to supply…
S&P 500, Nasdaq Set For Higher Open On Tech Boost, Tesla Gains
The S&P 500 and the Nasdaq were headed for a higher opening on Monday as technology stocks looked set to…
Facebook Rallies After Zuckerberg Downplays Risk Of Apple Policy
Facebook Inc. shares rallied on Friday, with the stock extending a recent advance after Chief Executive Officer, Mark Zuckerberg, downplayed…
Power Generation Falls To 3,657MW As Hydro Output Plunges
Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as the output of the hydropower plants…
China Seeks To Rein In Mobile Apps’ Collection Of Personal Data
China’s cyber watchdog said on Monday mobile app providers cannot deny users basic access to their services even if they…
Automobile Retail Experts Speak On Import Policies
While the Nigerian automobile industry has registered negligible growth in the recent years, due to many factors including substantial neglect…
Blackstone Proposal Values Australian Casino Operator Crown At $6.2 Billion
Buyout giant Blackstone Group Inc made a $5.6 billion play for the shares of Australia’s Crown Resorts Ltd it does…
Japan Car Makers Scramble To Assess Impact Of Renesas Auto Chip-Plant Fire
Toyota, Nissan, Honda and other Japanese automakers scrambled on Monday to assess the production impact of a fire at a…
UK Partners Nigeria To Enhance Digital Access
The Federal Ministry of Communications and Digital Economy and the Nigerian Communications Commission (NCC) in collaboration with UK’s Digital Access…
Pantami, Danbatta Seek Increased Collaboration Among ECOWAS States On ICT
Nigerian government has called for increased regional collaboration for the development of the Information and Communication Technology (ICT) ecosystem in…
TELECOMS: Voice Call Subscribers Drop, Internet Users Rise In Q4’20
The National Bureau of Statistics (NBS) yesterday said the number of subscribers for voice calls fell marginally quarter-on-quarter (QoQ) by…
Bank Of America’s Summer Internship Program To Be Virtual
Bank of America Corp said on Thursday its 10-week summer internship program for 1,800 interns will be held virtually, as…
Foxconn In Talks With Vietnam’s Vinfast On Electric Car Partnership
Taiwan’s Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with…
China’s Small Tech Firms Step Out Of The Shadows As Giants Reel From Regulatory Crackdown
One firm’s loss is another’s gain. China’s smaller technology companies and investors are eager to seize the day as a…
China Regulators Held Talks With Alibaba, Tencent, Nine Others On ‘Deepfake’ Tech
– Chinese regulators recently summoned 11 domestic technology companies including Alibaba Group, Tencent and ByteDance for talks on use of…
The Global Chip Shortage Is Still Hurting Samsung, Honda And Volkswagen
The global chip shortage is continuing to pummel global business, with Samsung, Honda and Volkswagen among the latest major companies to warn…
EXPLAINER: What The Newly-Revised USSD Service Charge Means For Bank Customers In Nigeria
The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021 that bank customers…
Lenovo’s Parent Company Invests $237 Million In Chinese Chipmaker Fullhan
Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it purchased about 12.8 million shares of Chinese…
Vodafone Seen Reaping 2.13 Billion Euros From Frankfurt IPO: Bookrunners
Vodafone is expected to price shares in infrastructure unit Vantage Towers at 24 euros ($28.60) each, valuing the firm at…
Activist Cevian Capital Trims Ericsson Stake Below 5%
Activist investor Cevian Capital has cut its holding in Ericsson to 4.81% of the telecom equipment maker’s share capital, according…