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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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African refiners to use single petrol grade by 2030 - ARDA
Business

African refiners to use single petrol grade by 2030 – ARDA

The Executive Secretary of the African Refiners and Distributors, Anibor Kragha, has stated that in 2023, all African refiners will be required to adopt a single fuel grade. According to The Times, he made this statement at the World Petroleum Congress which was recently held in Calgary, Canada. He claimed that ARDA is seeking to […]

Starlink Nigeria slashes hardware costs by 21%
Business

Starlink partners with Jumia to expand satellite broadband access in Africa

Elon Musk’s billionaire satellite business, Starlink, is collaborating with Jumia Technologies AG to improve satellite broadband services throughout Africa. According to The Times, Starlink satellite terminals and kits will be made available on Jumia in a few African nations thanks to investors including Pernod Ricard SA and Goldman Sachs Group Inc. According to Jumia’s Chief […]

WATT secures $13m investment for renewable energy in Nigeria
Business

WATT secures $13m investment for renewable energy in Nigeria

Empower New Energy has invested $13 million in WATT Renewable Corporation, a privately held hybrid solar solutions supplier. The Times reported that the business asserted that this sizeable investment will spur its efforts to advance renewable energy options in Nigeria. The funding also represents Empower New Energy’s biggest investment to date. Hybrid solar energy solutions are WATT’s […]

Dutch regulator rejects Apple's challenge to €50m fine
News Tech

Dutch regulator rejects Apple’s challenge to €50m fine

The Dutch competition watchdog ACM announced on Monday that it had rejected Apple’s challenges to fines of 50 million euros ($53 million) it imposed on the business for disobeying directives to curb Apple’s App Store’s dominating position. The ACM claimed that while Apple had mostly agreed with its requests to make its App Store available […]

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Alternative energy spending falls by 21% in H1 2023 – MAN

In contrast to the N76.70 billion invested in the second half of 2022, manufacturers’ investments in alternative energy sources fell by 21.1% in the first half of 2023, totaling N60.47 billion. According to The Times, it represented a 10.8% decrease from the N67.8 billion spent in the corresponding period in 2022. These figures were released […]

Singapore grants Coinbase payments license
News Tech

Singapore grants Coinbase payments license

Coinbase’s Singapore branch announced on Monday that it has been granted a Major Payment Institution licence by the central bank of the city-state. The largest U.S. crypto exchange will be able to provide digital payment token services to individuals and institutions in Singapore thanks to the licence issued by the Monetary Authority of Singapore. The […]

Nigeria allocates $5bn target for startups
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Nigeria allocates $5bn target for startups

  Nigeria has unveiled an ambitious plan to facilitate startups in raising a total of $5 billion in annual funding rounds by 2027. According to The PUNCH, the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, revealed this in a document titled ‘Accelerating our Collective Prosperity through Technical Efficiency: A Strategic Plan for […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
News Tech

Apple has resources to launch Google rival – Report

Apple has all the elements it has if the company decides to build its own search engine for its device. Since more than ten years ago, Google has been the iPhone’s default search engine. As part of the agreement, it is said that Google pays Apple between $8 billion and $12 billion annually. Even while […]

Google shuts down Jamboard by 2024
News Tech

Google shuts down Jamboard by 2024

Google has announced last weekend that Jamboard, a whiteboard tool and app, would cease operations in 2024. A 55-inch digital whiteboard called the Jamboard is designed for use in both education and business settings. Backups must be made before September 30, 2024, when all licence subscriptions for Jamboard devices will expire. According to Google’s blog […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
News

Musk’s wealth rises by $95bn as Tesla stock increases

The CEO of Tesla, Elon Musk, continues to hold the title of being the richest person in the world. According to The Times, with a rise in net worth from $95 billion to $232 billion at the time of writing, Musk witnessed the world’s largest growth in wealth, solidifying his status as a wealthy man. The stock […]

FG launches applications for tech startup accelerator programme
News Tech

FG launches applications for tech startup accelerator programme

The federal government, through the National Information Technology Development Agency, has launched applications for a tech startup accelerator Fellowship programme to encourage Nigerians with creative ideas. According to the Agency, the Founder Institute in Abuja is collaborating with them to organise the Fellowship programme. The Fellowship, according to NITDA, aims to promote an entrepreneurial culture […]

Tinubu signs seven bilateral agreements with Qatar
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Expect special report on past CBN activities soon – Tinubu

The Special Investigator’s report on prior operations at the Central Bank of Nigeria would soon be complete, President Bola Tinubu stated on Sunday morning. This information was provided by President Tinubu during his broadcast speech honouring Nigeria’s 63rd year of independence. On Sunday, July 30, the President designated the former CEO of the Financial Reporting […]

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