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Twitter rival Mastodon set to sell products for fund raising
News Tech

Twitter rival Mastodon set to sell products for fund raising

An open-source, decentralised social network, Mastodon, said on Wednesday that it would start selling products to raise money for its ongoing development. The new merchandise, designed by artist Dopatwo, will feature Mastodon t-shirts, mugs, enamel pins, and stickers. According to a Mastodon release, partner FRESH Merch will produce the goods itself using materials that are […]

TotalEnergies to invest $6bn in Nigeria's Deepwater
Business

TotalEnergies exceeds earnings forecast by 31.3% for 2023 Q2

TotalEnergies Marketing reported an 11% rise in earnings per share for the second quarter ended June 2023. It’s earnings release that was posted on the Nigerian exchange contained this information. Revenue increased by 25% from N111.4 billion to N139.3 billion and the sales increase exceeded the company’s predictions of N84.8 billion by more than 31.3%. […]

Guinness Nigeria faces N49bn exchange rate loss
Business

Guinness Nigeria faces N49bn exchange rate loss

Guinness Nigeria Plc incurred a massive N49 billion in exchange rate losses according to information revealed in its full-year results for the period ending June 2023. Compared to N7.15 in earnings per share a year earlier, the stated loss per share was N8.29 kobo. The year’s revenue was N229.2 billion, up 10.9% year over year. […]

White House leads TikTok acquisition deal
News Tech

TikTok won’t launch e-commerce services in Indonesia – Official

Short video platform, TikTok has disclosed that the platform has no intentions to launch a cross-border business in Indonesia. A government minister on Thursday voiced worries about how rumoured plans for the company’s new e-commerce push could saturate the nation with Chinese goods. The video app, which is owned by China’s ByteDance, has been developing […]

Sony sells 40m PS5 in two years
News Tech

Sony sells 40m PS5 in two years

Sony Group has disclosed that the company has sold more than 40 million PlayStation 5 consoles, since its launch in November 2022. The gaming company attributed the feat to the easing of supply chain problems. “It took months for supply chains to normalise so we could have the inventory to keep up with demand,” Jim […]

Business email hack rises by 1,760% in 2023 – Report
Tech

Anonymous Sudan claims responsibility for cyberattacks on Kenya

A notorious hacker collective, Anonymous Sudan, has claimed responsibility for a series of devastating Distributed-Denial of Service attacks on vital online services in Kenya. Government agencies, newspapers, and other institutions have fallen victim to these cyber assaults, causing significant disruptions. The attacks come in the wake of escalating tensions between Kenya and Sudan, with Kenyan […]

Kenyan startup FarmWorks secures $4m pre-series A funding
Startups

Kenyan startup FarmWorks secures $4m pre-series A funding

Fast-rising agritech startup in Kenya, FarmWorks, has successfully closed a remarkable $4 million Pre-Series A funding round to bolster its operations and make a significant impact in the agricultural sector. The startup takes a unique approach by connecting farmers with essential farm inputs, including pesticides, and also purchasing their crops, following the out-grower model widely […]

CAC registers 330,000 small enterprises
News

CAC to delete 100,000 firms from register

A total of 100,000 registered firms will soon be removed from the Corporate Affairs Commission’s database, the organization has said. The CAC’s Registrar-General/CEO, Alhaji Garba Abubakar, announced this in Lagos while addressing a Training Workshop on the Use of the Beneficial Ownership Register. He claimed that the businesses that will be erased have not submitted annual returns […]

Airtel Africa to build 34MW data center in Nigeria
Business

Airtel Africa loses $471m FX in Q2 2023

Airtel Africa plc reported a $471 million foreign exchange loss in the fiscal quarter ended June 30. This is by the financial statement of the company submitted to the Nigerian exchange. The loss was caused by the Central Bank’s unification of the currency rate, which increased it from N460/$ in June to N790/$. From the […]

Meta, Microsoft, others join forces to tackle Google
Tech

Meta, Microsoft, others join forces to tackle Google

Alex Omenye A group founded by Meta, Microsoft, Amazon, and TomTom, and data from developers may be able to create their own maps to compete with Google Maps and Apple Maps. The Overture Maps Foundation is an organization that was established last year. The group just made available its first open map dataset. With the […]

What to know about Samsung Galaxy Z Flip
Tech

What to know about Samsung Galaxy Z Flip

Samsung recently delighted its Galaxy fans with a spectacular display of innovation at the highly anticipated ‘Unpacked’ event held in Lagos, Nigeria. The spotlight was on an array of exciting new products, showcasing Samsung’s commitment to pushing technological boundaries. The Samsung Galaxy Z Flip 5 stole the show with its remarkable upgrades. It features a […]

WhatsApp tests new safety in latest update
Tech

WhatsApp tests new safety in latest update

WhatsApp has stepped up efforts to enhance user safety by introducing two new features designed to provide users with a safer messaging experience and simplify group message sharing. The Meta-owned company, in its latest Android beta version update, included a new “Safety tools” section that appears when an unknown person or business account messages a […]