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Fidelity, a prominent asset management firm, has significantly reduced its investment in X (formerly known as Twitter), now valuing the platform at just $9.4 billion. This marks a staggering decline from Elon Musk’s original $44 billion purchase price in 2022,…
Nigerian Agency Warning to WordPress Users: If you’re running a WordPress site in Nigeria, it’s crucial to pay attention to the latest security alert issued by the Nigerian agency National Information Technology Development Agency (NITDA). The agency has raised alarms…
POS Terminals For Cab Drivers In Nigeria: Nigerian cab drivers have recently gained access to Point of Sale (POS) terminals, a significant development that promises to enhance their payment options. This initiative, driven by fintech startup PayZeep in collaboration with…
In July 2024, Point of Sale (PoS) transactions in Nigeria soared to an unprecedented ₦1.01 trillion, marking a significant rise in Nigerian PoS transactions. This surge reflects a broader shift towards cashless transactions, as the volume increased from ₦930.76 billion…
Lionsgate is embracing AI filmmaking through a strategic partnership with Runway, a creative technology company specializing in artificial intelligence. This collaboration aims to integrate AI tools in film production at every stage—from pre-production to post-production—making it a pioneering effort that…
Zenith Bank, a leading Tier-1 Nigerian bank with a market capitalization of ₦1.19 trillion, is set to finalize its switch to a new core banking platform in October. This transition comes after a recent glitch during the migration process disrupted…
Infinix, a trendy tech brand known for its innovative approach to smartphone design, has officially launched its first-ever flippable smartphone, the Infinix Zero Flip. This latest flagship device stands out in the market with its unique features, including 4K ProStable…
Artificial Intelligence (AI) is set to have an economic impact on Africa, with a potential contribution exceeding $30 billion over the next decade. A recent report titled “The Digital Opportunity of Sub-Saharan Africa,” commissioned by Google and published by Public…
In order to improve cash availability across Nigeria, the Central Bank of Nigeria (CBN) has announced new regulations targeting banks with non-functional Automated Teller Machines (ATMs). This initiative is part of the broader CBN ATM regulations designed to ensure that…
Starlink has made a significant move in the Kenyan internet market by introducing an affordable kit just three days after Safaricom, the country’s leading internet service provider (ISP), announced a substantial increase in its fiber internet speeds. The new Starlink…
