Author: Staff Writer

“In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday. We recognize that this will impact a number of individuals who have made valuable contributions to Twitter but this action is unfortunately necessary to ensure the…

Samsung has released a new video ad titled “On the fence” mocking Apple for not having a foldable phone and iPhone users having to wait for this. In the video ad, an iPhone fan is on a fence moving from “Apple” compound to “Samsung” compound. An iPhone user asks the…

Billionaire Elon Musk has declared that Twitter Blue, the company’s paid verification feature will now cost $8 per month as against $19.99 as initially proposed. Interestingly I don’t think he did any cost benefit analysis. He arrived at the price when celebrated horror author said in a colourful way that…

Amazon Web Services (AWS) opened an office in Lagos on Tuesday. Amazon Web Services is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis. These cloud computing web services provide distributed computing processing capacity and software tools…

Elon Musk is officially the only Director on the board of Twitter after the dissolution of the current board. The billionaire made this known in a SEC filing on Monday. This is as detailed below: Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory…

Billionaire Elon Musk wants to change the company’s optional Twitter Blue $4.99 a month subscription into a more expensive $19.99 a month subscription that also verifies users. He has ordered Twitter employees to build and implement a paid Twitter verification feature or else they will be fired! The deadline for…

Latest results announced by MTN Nigeria shows an increasing contribution from Data, Fintech and Digital operations to the bottomline of the company. Service revenue for the period ended September 2022 showed a 20.7% increase year-on-year to N1,452.7 billion. While Profit after tax (PAT) grew by 22.1% to N269.0 billion. The…

SmallSmall, a Property technology (Proptech) startup based in Nigeria, announced that it has raised $3 million in a seed funding round to expand into major cities including Enugu, Jos and Port-Harcourt before the end of Q1, 2023. Participants in this funding round include Techstars Toronto which already invested $120k during…

The costs involved are some of the factors you need to consider when you’re running your own business, and there’s no doubt that there are many when you’re an entrepreneur. That’s why most business owners like yourself are constantly looking for ways to cut down on their expenses without negatively…

For their innovativeness, convenience, transparency, and security, cryptocurrency coins have become a popular asset among individual traders. But these digital assets have yet to become mainstream in the business world, which is populated by business owners who understandably have lower risk appetites compared to individuals who are more drawn to…

The Federal Inland Revenue Service (FIRS) revealed that it has partnered with a Fintech platform, e-Technologies Global Ltd.’s Sentinal National Payment Gateway to automate the administration of taxes on online gaming. This was disclosed by the agency’s executive chairman, said in an emailed statement made available to Innovation Village. The…

Elon Musk has finally officially taken over Twitter after months of drama by paying $54.20 per share, equal to about $44 billion. He had confirmed in early October that he was going ahead with the purchase in a letter by Elon Musk and his representatives. He celebrated this with a tweet on…

Gender equality is an important element of today’s world. But statistics show that only 4.8% of CEOs of large companies are women. For every $80 a woman earns, there are $100 of men’s earnings. Despite the disappointing figures, every woman can achieve great success in business. It does not matter…

We hear about innovation in every domain constantly. We have the need to innovate as the world changes and people’s needs and expectations change too. And when it comes to education, which opens new doors, innovation is needed even more. But what exactly is innovation in education? Why we need…

The Central bank of Nigeria (CBN) has announced that it is introducing newly-designed N200, N500, and N1,000 currency notes by December 2022. The statement was made by the CBN Governor, Mr Godwin Emefiele in a special briefing on Wednesday. According to him, the current Naira notes will no longer serve…

The Central bank of Nigeria (CBN) announced that it recorded 700,000 transactions worth N8 billion on eNaira platform in first year of operation. This was disclosed at the first anniversary of the central bank digital currency (CBDC) Launched in October 2021, the eNaira is a central bank digital currency (CBDC)…

Media streaming giant, Spotify, announced that it now has 195 million paying subscribers and expects to cross the 200 million mark by the end of 2022. This is an increase of 7 million since last quarter. Total monthly active users stands at 456 million with net additions reaching a record…

54gene CEO, Dr Abasi Ene-Obong has stepped down from his executive role and General Counsel, Teresia L. Bost has been appointed as interim CEO. She will be supported by Chief Operating Officer Delali Attipoe. This was confirmed today to TechCrunch by the African genomics company. This comes barely a month after VP…

Spotify announced that it is offering $100,000 to 13 creators from different parts of Africa from its new Africa Podcast Fund. The media streaming giant said in a blog post that it had “been paying close attention to the many storytellers and entertainers across the African continent and using our…

The Nigerian Communications Commission, the regulatory body in Nigeria has ordered mobile operators in the country to reverse the 10% tariff increase on the voice and data plans. By this order, MTN and Airtel are now to reverse the price increases they implemented on their respective networks some days ago…