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Foxconn invests $600m in Indian iPhone component project
Tech

Foxconn invests $600m in Indian iPhone component project

Tech giant, Foxconn is set to inject a substantial $600 million into India’s tech landscape, as it embarks on two pivotal projects in the southern state of Karnataka. The Taiwanese company’s strategic move involves chip equipment manufacturing and casing components for iPhone models, signaling a significant investment in India’s burgeoning tech industry. Of the total […]

Dangote's daughter Mariya named Dangote Sugar Executive Director
Appointments

Dangote’s daughter Mariya named Dangote Sugar Executive Director

The board of directors of Dangote Sugar Refinery Plc. has appointed the daughter of Aliko Dangote, Mariya Aliko Dangote as Executive Director. This information was provided in a formal statement sent to Nigeria Exchange Limited and signed by the company secretary, Mrs. Temitope Hassan. According to the statement: “The Dangote Sugar Refinery Plc (the Company) Board of […]

Nigerian Breweries report N106bn loss
Business

Nigerians to pay more for beer – Nigerian Breweries

Nigerian Breweries has announced a price rise on all of their goods beginning on August 10, 2023, which is expected to have an impact on beer drinkers across the country. Nairametrics reported that this was revealed in a letter that stated that pricing needed to be reviewed in light of the ongoing increase in input costs […]

Tech

Obi hails 13-year-old Nigerian who emerged certified AWS developer

The 2023 presidential candidate of the Labour Party, Peter Obi, has congratulated 13-year-old Nigerian developer, Joshua Agboola, who emerged youngest Certified Amazon Web Services Developer Associate in Africa.   Obi stated that the giant strides made by Nigerian youths have shown that we are ready to be partakers of modern technology.   Making this known […]

Elon Musk's X fights Indian court's content-removal ruling
Tech

Elon Musk’s X fights Indian court’s content-removal ruling

Social media giant X, formerly known as Twitter, is taking a stand against a recent Karnataka High Court decision that deemed it non-compliant with content removal orders. X argues that the ruling could set a dangerous precedent, enabling the government to impose more extensive content blocks in the future. Last year, in July 2022, X […]

Binance records $90 billion Crypto trade in China amidst ban
Crypto

Binance records $90 billion Crypto trade in China amidst ban

The world’s largest cryptocurrency exchange, Binance, reportedly facilitated a staggering $90 billion worth of cryptocurrency trades in China. Meanwhile, crypto trading has been banned in China since 2021. The transactions, unveiled by the Wall Street Journal on Tuesday, were detailed in internal figures and confirmed by current and former Binance employees. Curiously, this bustling trading […]

FG to restart cash transfers to poor Nigerians
Policy and Regulations

Kuda, mortgage banks, others excluded from cash withdrawal limits

The Central Bank of Nigeria has excluded primary mortgage Banks and Microfinance Banks providing banking services to people experiencing poverty from its cash withdrawal limit.   In a circular released on Monday, July 31, to the banks and other financial institutions and signed by the Director of Payment System Management, Musa Jimoh, the bank said […]

Lafarge Africa shareholders to receive $30bn dividend
Business

Lafarge Africa reports 29% profit increase

Lafarge Africa’s 2023 second-quarter results have shown that pre-tax profits rose by 29.02% year over year to a total of N32.787 billion. According to The Times, in comparison to N46.879 billion during the same period last year, this increased the half-year pre-tax profits to N55.315 billion. Pre-tax profit increased primarily as a result of rising […]

FTX's Bankman-Fried denies witness tampering
Crypto

FTX’s Bankman-Fried denies witness tampering

The founder of the embattled FTX cryptocurrency exchange, Sam Bankman-Fried, has vehemently denied seeking to intimidate witnesses before his upcoming October fraud trial. Addressing US District Judge, Lewis Kaplan, Bankman-Fried dismissed accusations of attempting to sway the case by providing writings to a New York Times reporter regarding his former partner Caroline Ellison. Bankman-Fried’s lawyer, […]

China warns against geographic info data breaches
featured News Tech

Hackers crash bank operations in Italy

The Italian cyber security agency on Tuesday, reported that it had found evidence of hacking attacks on websites belonging to at least five banks. A spokesperson for the agency told Reuters that Intesa Sanpaolo, Monte dei Paschi di Siena, BPER Banca, FinecoBank, and Banca Popolare di Sondrio were among the targeted financial institutions. The agency […]

World Fintech Day: All you need to know about the fintech industry
Uncategorized

World Fintech Day: All you need to know about the fintech industry

In a world rapidly embracing digitalization, the financial technology (fintech) industry stands at the forefront of revolutionizing how we manage money, conduct transactions, and access financial services. On World Fintech Day, a global celebration of innovation and transformation in the financial sector, here’s all you need to know about the world of fintech and how […]

YouTube music to support subscribing to podcasts via RSS
News Tech

Youtube summarizes video with AI in latest test

YouTube is currently testing a new feature that uses AI to automatically create video summaries. The summaries have started to display on the watch and search pages, as mentioned on the support page, although they are currently only accessible for a small selection of English-language videos and viewers. According to the video platform, the AI-generated […]