The Lagos State Government has announced that Uber and Bolt will have to pay N25,000,000 licensing fee and N10 million renewal fee to operate in the state. The government is expected to begin the implementation of the new guidelines for Uber, Bolt, and other taxi operators in Lagos State by…
Author: AdeO
Apple Inc Chief Executive Officer, Tim Cook is now a billionaire — thanks to the near $2 trillion market cap Apple is enjoying, Bloomberg reports. Cook’s wealth has exceeded the $1 billion mark, according to the calculations done by Bloomberg Billionaires Index. Apple shares have risen nearly 5% in the last week and almost…
Facebook Accelerator: Commerce is a 12-week non-equity program supporting innovative commerce startups who renew shopping experiences for buyers and sellers. At Facebook, our focus has long been to bring people together and build community. We are committed to the startup ecosystem and believe that by connecting, training, and growing entrepreneurs through…
The Founder Institute, the world’s largest pre-seed startup accelerator, and ǼLEX, an innovative full-service law firm, have agreed to collaborate in helping early-stage startups currently enrolled at the Founder Institute Lagos. ǼLEX believes that startups play a very vital role in the economic growth of any society, by spurring innovation and injecting…
Union Bank, through its education platform Edu360, has announced its partnership with Awarri, a pan-African technology company, to launch The Next Robotics Legend programme. The Next Robotics programme is designed to train students in Artificial Intelligence(AI) and Robotics, and ignite a world of possibilities. This first-of-its-kind robotics training and competition…
For some young people, they want to start a business. The conventional route of going from education to a regular 9-to-5 job is not totally satisfactory. Instead, you may have an idea that you could eventually grow into a fruitful business, or you may have no ideas but an inkling…
TikTok is planning to sue the Donald Trump administration, challenging the president’s executive order banning the service from the United States. The video-sharing app hugely popular with the smartphone generation will file the federal lawsuit as soon as Tuesday, according to a person who was directly involved in the forthcoming suit but…
Airtel Nigeria has announced that it has signed a new partnership with Avaya to boost remote working and learning initiatives in the West African nation. Through the partnership, Avaya will offer organisations and enterprises in Nigeria full-feature access to its flagship collaboration app, Avaya Spaces, on a complimentary basis, through…
International funding for tech startups in Nigeria and the rest of Africa rose to $1.4 billion between 2015 and 2019. However, investment flow could dip this year hit hard by the economic downturn caused by the coronavirus pandemic, projected to decline by up to 45per cent, according (United Nations Conference…
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on Unstructured Supplementary Service Data (USSD) Pricing last year. The NCC, in furtherance of…
The second edition of the Labs by ARM programme Demo Day held recently online and three startups pitched at the grand finale. The event had in attendance over 100 investors, corporates tech leaders, members of the press, and senior executives of the ARM Group, was an avenue for startups in…
Food Innovation Nervecenter, a Nigerian agritech startup has been shortlisted among the top 10 finalists for the Rockefeller Foundation Food System Vision Prize. The Food System Vision Prize is organised in partnership with SecondMuse and OpenIDEO. Food Innovation Nervecenter is an agritech startup is Darkpore Media Africa’s developmental project focused…
Finalists will compete for the top crown on August 21 and be inducted into the Ecobank Fintech Fellowship to pursue commercial partnerships in Ecobank’s 33 markets cross Africa Ecobank Group has announced the finalists from the 2020 Ecobank Fintech Challenge. The challenge, in its third edition, is designed to deepen collaboration…
Microsoft South Africa has announced an investment of up to $2.26 million (R40 million) in South Africa’s agriculture sector, which is one of the country’s critical industries driving growth and job creation. The investment is aimed at driving sustainability in the sector for smallholder farmers, who form an important part of the…
Disney the owners of Disney+ has announced in its latest earnings report that its streaming service garnered over 60.5 million paying subscribers. This is one of the many things CEO Bob Chapek disclosed during a call to discuss the company’s earnings report, which covered Disney’s most recent quarter, ending on June…
Active mobile voice subscriptions on the MTN, Airtel, Glo and 9Mobile networks rose from 185,742,016 in January to 196,039,869 in June 2020. This shows that 10.3 million active network users have been added within six months, according to statistics from the Nigerian Communications Commission on the subscribers under the GSM…
Samsung with its virtual Galaxy Unpacked event held today (August 5th) has again proven that the smartphone innovation and technology space is not restricted to Apple. Samsung has again shown that it is not only at the forefront of mobile innovation but also a leading tech giant that listens and…
It’s estimated that phishing is the starting point of over 90% of all attempted cyber-attacks, and Verizon’s 2019 Data Breach Investigations Report showed that nearly one-third (32%) of actual data breaches involved phishing activity. What’s more, phishing was present in 78% of cyber-espionage incidents and the installation and use of backdoors to…
Samsung is holding an online-only “Galaxy Unpacked” event on August 5th at 3:00 pm Nigerian/West African Time (WAT) time to unveil new hardware. Unlike previous Galaxy Unpacked events, this one will be entirely virtual with no in-person component for the press due to the coronavirus pandemic. The Galaxy Note 20 and…
MTN Nigeria Communications Plc has declared a profit before tax (PBT) of N139.57 billion in its unaudited half-year result for the period ended June 30, 2020. Also, the Company proposed an interim dividend of N71.24 billion, representing N3.50 kobo per two kobo ordinary share, making MTNN, the first company to…