Author: Staff Writer

PalmPay, a leading financial platform in Nigeria with over 30 million users, has announced the launch of its USSD code service. This innovative feature enables customers to manage their finances without needing internet connectivity, expanding financial access in a country where network issues and smartphone limitations can create barriers to…

TECNO, the innovative technology brand, has introduced its latest AI-enhanced, second-generation flip smartphone, the PHANTOM V Flip2 5G. Combining cutting-edge technology with a sleek and modern design, this device is a fusion of style, functionality, and top-tier performance. It’s designed for fashion-forward individuals seeking a pocket-sized phone that offers a…

TECNO has officially launched the PHANTOM V Fold2 5G, an AI-enhanced, second-generation foldable smartphone designed to boost productivity and creativity. Targeted at business professionals and creative individuals, this cutting-edge device is set to revolutionize the foldable smartphone market with its AI-powered features and robust hardware. A Glimpse of the PHANTOM…

The Nigeria government has officially launched its Compressed Natural Gas (CNG) Conversion Incentive Program in eight states, with plans to expand to nine more by the end of 2024. This initiative, driven by the Presidential Compressed Natural Gas Initiative (PCNGi), aims to provide an affordable, environmentally friendly alternative to petrol…

The Mastercard Foundation is taking a significant step to support young women and girls in Africa by expanding its partnerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Educationalists (FAWE). This renewed collaboration aims to break down financial and social barriers to education, impacting over…

With the launch of the new Apple iPhone 16, many iPhone lovers are thronging Apple stores, eagerly trading in their old devices for the latest model. The excitement is palpable as people look forward to enjoying the advanced features and sleek design of the new iPhone. However, this brings up…

OpenAI has launched a groundbreaking series of AI models designed to tackle complex problems in science, coding, and mathematics. Introducing OpenAI o1, a new model preview that promises a significant advancement in AI’s reasoning capabilities. Available starting from September 12th, this series aims to solve more challenging tasks than its…

In a strategic move to stimulate economic growth and job creation in Ghana, the International Finance Corporation (IFC) has announced a partnership with Access Bank aimed at increasing access to finance for small and medium-sized enterprises (SMEs). A significant portion of this initiative will focus on providing financial support to…

Cristiano Ronaldo, the legendary Portuguese footballer, continues to break barriers both on and off the pitch. Earlier this month, the 39-year-old Al-Nassr forward made history by becoming the first male footballer to score 900 career goals. Now, Ronaldo has achieved another groundbreaking milestone—amassing over 1 billion followers across all major…

Flutterwave, a leading African payment technology company, has announced the official launch of its remittance platform, Send App, in Malawi. The service is designed to provide faster, easier, and more affordable cross-border money transfers, offering a vital solution for Malawians both at home and abroad. With Send App, users can…

The Central Bank of Nigeria (CBN) has introduced new regulations for Payment Service Providers (PSPs) to improve the monitoring and routing of Point of Sale (PoS) transactions across Nigeria. This directive, issued on September 11, 2024, is part of the CBN’s broader efforts to strengthen Nigeria’s electronic payments system and…

Just a few days after Apple introduced the Innovative Hearing Aid Capabilities of the Airpods Pro, the U.S. Food and Drug Administration (FDA) has authorized Apple’s Hearing Aid Feature (HAF) as the first over-the-counter (OTC) hearing aid software device. This development allows the second-generation AirPods Pro to function as hearing…

Samsung Electronics, the global leader in smartphones, TVs, and memory chips, is set to reduce its workforce by as much as 30% in some overseas divisions. According to a Reuters report, the South Korean tech giant has instructed its subsidiaries worldwide to make substantial cuts, targeting a 15% reduction in…

Paymob, a leading fintech player in the MENA region, has successfully secured $22 million in a Series B extension round, bringing its total Series B funding to an impressive $72 million. This additional funding was led by EBRD Venture Capital and received participation from Endeavor Catalyst, alongside Paymob’s existing investors…

In a bid to rain on Apple’s iPhone 16 launch parade held yesterday, Huawei launched the world’s first tri-fold smartphone – the Mate XT Ultimate – some hours earlier. When fully folded, the Mate XT Ultimate resembles a standard smartphone. However, when unfolded, it transitions into a 7.9-inch two-screen mode…

Sony has announced the next in the evolution of console experience, the Playstation 5 Pro. According to Hideaki Nisino, CEO, Platform Business Group, Sony Interactive Entertainment in a press release, “we developed PS5 Pro with deeply engaged players and game creators in mind – as many have asked for a…

The Nigerian government in partnership with Google, has launched a N100million Artificial Intelligence (AI) Fund in aimed at supporting Nigerian startups leveraging AI to build innovative solutions. According to the Honourable Minister of Communication, Innovation and Digital Economy, Dr Bosun Tijani, in a post on “X”; “the AI Fund, which…

In a major boost to Africa’s healthcare sector, Field, a leading African healthtech company, has secured an $11 million grant from the Bill & Melinda Gates Foundation to launch a groundbreaking initiative aimed at addressing maternal mortality, newborn health, and child nutrition across the continent. This financial backing underscores the…

In a significant step towards achieving President Tinubu’s vision of accelerating diversification through industrialization, digitization, creative arts, manufacturing, and innovation, the National Information Technology Development Agency (NITDA) has collaborated with the National Youth Service Corps (NYSC) to launch the Digital Literacy for All (DL4ALL) initiative. The program seeks to equip…

Effective 9 September 2024, Nigerian fintechs will start deducting a N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 or more. Fintechs like Moniepoint, OPay have started informing their customers of this development. This deduction is in line with the Federal Inland Revenue Service (FIRS) directive. Hitherto, the…