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OPay’s Valuation Surges Over 30% Amid Nigeria’s Digital Payments Boom
OPay, the Nigerian fintech startup supported by Sequoia Capital and Softbank, has experienced a remarkable 30% increase in valuation since its Series C...
NewsTechnologyWorld
TikTok Ban in U.S Anticipated to Drive Growth for Instagram, YouTube, and Emerging Competitors
Research firm eMarketer reports that adult TikTok users in the U.S. spend an average of 54 minutes daily on the app, surpassing Instagram,...
BusinessFinanceTechnology
Stripe Transforms Financial Services with Platform Update
Stripe, a leading financial technology company, maintains its position with a valuation of $65 billion and a staggering $1 trillion in total processed...
BusinessNewsTechnology
MTN, GLO, Others seek NCC approval for tariff increase
Nigeria’s telecommunications operators, MTN Nigeria, Globacom, and others, have asked the Federal Government, through the Nigerian Communications Commission (NCC), to approve an increase...
Technology
Nigerian startup The Peer shuts down despite runway cites market fit challenges
When The Peer, a Nigerian API startup, closed its doors in April, it still had up to twenty months of funding left. Despite...
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Meta Expands AI Services to Nigeria, Others Outside U.S.
Meta, the parent company of social media platforms like Facebook, WhatsApp, and Instagram, has announced the expansion of its AI service, “Meta AI,”...
TechnologyWorld
Linux Foundation Launches Open Platform for Enterprise AI to Drive Interoperability, Collaboration
The Linux Foundation, in collaboration with Cloudera, Intel, and other industry leaders, has unveiled the Open Platform for Enterprise AI (OPEA) initiative. This...
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X CEO, Elon Musk, Proposes Fee for New Users to Combat Bot Activity
Chief Executive Officer (CEO) of popular social media platform X, Elon Musk, recently announced that new users would now pay some fee to...
NewsTechnology
Airchat: Naval Ravikant’s Audio-First Social App Takes Off, Prioritizing Voice Over Text
Naval Ravikant and Brian Norgard’s Airchat redefines social media with a focus on audio interactions. The app, now available on iOS and Android,...
BusinessTechnology
MTN, Airtel Lead Nigeria’s Mobile Subscription Rebound To N219 Million In February
According to the latest data from the Nigerian Communications Commission (NCC), mobile subscriptions in Nigeria surged to 219.7 million in February 2024, driven...
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FG Unveils Plan to Launch Multipurpose National Identity Card
The Federal Government of Nigeria, through the National Identity Management Commission (NIMC) in collaboration with the Central Bank of Nigeria (CBN) and the...
BusinessFinanceTechnology
PiggyVest CEO Hints at Potential IPO in Coming Years
PiggyVest, a leading Nigerian fintech firm, may be gearing up for a public offering in the near future, according to CEO Somtochukwu Ifueze....