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Technology
Two Binance Executives In Detention In Nigeria
Two senior executives at Binance who flew to Nigeria following the country's decision to ban several cryptocurrency trading websites have been detained in Nigeria in a crackdown on cryptocurrency exchanges.
The executives flew to Nigeria…
Apple To Wind Down Electric Car Effort After Decadelong Odyssey
Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on the project, said the people, who asked not to be identified because the announcement wasn’t public. The decision was shared by Chief Operating…
Almost 41,800 Job Cuts As Massive Tech Layoffs Continue in 2024
Tech companies have laid off almost 41,800 employees year-to-date, only 6,000 less than in the entire second half of 2023, according to data by Stocklytics.com.
The massive wave of layoffs continues this year after a shocking number…
Squad, OmniPay In Pact To Simplify Payments for FMCG Industry
In a strategic move to further its mission to empower African traders with the necessary payment solutions in the digital era, Squad, a fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), has entered a partnership with OmniPay,…
Active Voice Subscribers Exceed 224m In Q4 2023, Says NBS
The National Bureau of Statistics (NBS) on Friday said the total number of active voice subscribers was 224,713,710 in the fourth quarter (Q4) 2023 from 222,571,568 recorded in the corresponding quarter of 2022.
This is an increase of…
Tinubu Approves New Appointments for AMCON, NCC, NIGCOMSAT
President Bola Tinubu has approved the appointment of Gbenga Alade as the new Managing Director to lead a new four-man management team for the Asset Management Corporation of Nigeria (AMCON), pending their confirmation by the Nigerian…
EU Opens Formal Probe Into TikTok Over Child Protections
The European Commission has opened formal proceedings against ByteDance's TikTok under the Digital Services Act (DSA), according to a document seen by Reuters, to see if the social media platform is doing enough to protect children.…
EU Poised To Fine Apple About 500 Million Euros, FT Reports
The European Union is set to fine Apple, opens new tab about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources.
The fine is expected to be…
Google To Launch Anti-Misinformation Campaign Ahead Of EU Elections
Google is preparing to launch an anti-misinformation campaign across five countries in the European Union (EU), the company told Reuters ahead of the bloc's parliamentary elections and tougher new rules tackling online content.
In June,…
Global Fintechs’ Transaction Value Hits $16 Trn In 2023
With the biggest growth coming from Europe, the Middle East, and Africa, the total transaction value in the fintech market will hit almost $16 trillion in 2023.
The fintech landscape, driven by technological advancements and surging…