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NSIA Awards $220,000 to Three Startups
NSIA Grants $220,000 to Startups: The Nigeria Sovereign Investment Authority (NSIA) has awarded the sum of $220,000 to the top finalists in the second edition of the ‘NSIA Prize for Innovation (NPI 2.0)’. The winners of the prize emerged on…
Grenada Investment Opportunities: Advice for Nigerian Investors
Grenada Investment Advice for Nigerians: Grenada offers the best investment opportunities for the super-rich and influential high-net-worth individuals to explore. The Honorary Consul of Grenada to Nigeria, Abidemi Sonoiki, has highlighted some of the opportunities for Nigerian investors in the…
Tech Investments Surge in South Africa
The technology sector in South Africa is experiencing a remarkable surge in investments, positioning the country as a leader in the African startup ecosystem. Despite facing macroeconomic challenges, the South Africa tech investments surge is evident, as highlighted by the…
Nigeria’s Forex Inflow Through IMTOs Reaches $1.07 Billion in Three Months
Nigeria Forex Inflow Hits $1.07 Billion: Forex inflows from International Money Transfer Operators (IMTOs) surged by 38.86 percent to $1.07 billion in the first quarter of 2024. Additionally, the previous quarter in the previous year was $770.23 million. This increment…
Google Cancels Plan to Remove Cookies from Chrome
Google drops its Chrome cookie removal plan, a significant shift in strategy announced on July 22, 2024. After years of commitment to phasing out third-party cookies, which are small data packets used for tracking users across the web, Google has…
STEP Helps African Startups Connect with Community and Talent
Africa is witnessing a surge in innovation and entrepreneurship, yet many startups struggle to transition from ideas to market-ready products. The Startup and Talent Enhancement Program (STEP) connects African startups with talent, providing essential resources to navigate these challenges. Launched…
FCCPC Fines Meta $220 Million for Data Issues on Facebook and WhatsApp
The Federal Competition and Consumer Protection Commission (FCCPC) of Nigeria has levied a substantial fine of $220 million against Meta Platforms, Inc., the parent company of Facebook and WhatsApp, for serious violations of data protection laws. This decision follows a…
AUATON Group Criticizes Airport Parking for Uber/Bolt Drivers
AUATON Criticizes Airport Parking for Uber/Bolt Drivers: The Amalgamated Union of App-based Transporters of Nigeria (AUATON) has revealed it is against the directive requiring e-hailing drivers to pay a fee of ₦45,000 for airport parking. A letter sent to the…
OpenAI Introduces New GPT-4o Mini Model
OpenAI launches the new GPT-4o mini model on Thursday. The latest mini model is designed to balance the power of GPT-4o with a more cost-efficient approach. This was announced through a blog post. OpenAI revealed that the 4o mini is…
IT Disruptions Reported Worldwide; Crowdstrike May be Involved
Crowdstrike May Be Behind Worldwide IT Disruptions: Businesses worldwide encountered a major IT outage Friday, as financial services and doctors’ offices were disrupted, while some TV broadcasters went offline. Air travel has been hit particularly hard, with planes grounded, services…