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Moniepoint secures additional funding after $110m raise

Visa has made an investment in Moniepoint Inc., Nigeria’s latest unicorn, just months after the startup raised $110 million to reach this milestone. While the exact amount of Visa’s investment remains undisclosed, the company aims to support Moniepoint’s mission to empower businesses and accelerate its growth across Africa. Visa is also focused on promoting financial […]

South Sudan blocks social media after videos spark deadly riots
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South Sudan blocks social media after videos spark deadly riots

South Sudanese authorities have suspended access to social media platforms for at least 30 days following the circulation of videos allegedly showing the killings of South Sudanese nationals in Sudan’s El Gezira state. The footage triggered riots and deadly revenge attacks across the country. The directive, effective from midnight on Wednesday, was issued by Napoleon […]

Pope Francis urges oversight of AI at Davos summit
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Pope Francis urges oversight of AI at Davos summit

Pope Francis has called on political, economic, and business leaders attending the World Economic Forum in Davos to maintain close oversight of artificial intelligence, cautioning that the technology could worsen the growing “crisis of truth.” In a written message read on his behalf by Cardinal Peter Turkson, a Vatican official, the Pope acknowledged AI’s potential […]

Google to revises app rules after EU charges over market abuse
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UK probes into Apple, Google over smartphone ecosystems

The United Kingdom has launched an investigation into Apple and Google’s dominance in smartphone operating systems, app stores, and web browsers, marking the second use of its expanded regulatory powers to scrutinize major tech companies. The Competition and Markets Authority announced on Thursday that it would evaluate whether Apple and Google hold “strategic market status” […]

LinkedIn faces lawsuit for allegedly training AI with private messages
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LinkedIn faces lawsuit for allegedly training AI with private messages

Microsoft’s LinkedIn is facing legal action from Premium customers who claim the platform disclosed their private messages to third parties without consent to train generative artificial intelligence models. According to a proposed class-action lawsuit filed in San Jose, California, federal court on Tuesday, LinkedIn introduced a privacy setting in August 2024, allowing users to enable […]

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Nigeria’s energy sector attracts $6.7bn investment in 2024 – FG

The Federal Government has revealed that Nigeria’s energy sector attracted a total investment of $6.7 billion in 2024. This information is outlined in the “Presidency Energy Sector Wrap-Up 2024,” compiled and released by the office of the Special Adviser to the President on Energy. Out of the total $6.7 billion investment, $5.5 billion was allocated […]

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FG, WIOCC sign $10m MoU to connect three million homes

The Federal Government of Nigeria, through the Federal Ministry of Communications, Innovation & Digital Economy, has signed a $10 million Memorandum of Understanding with the West Indian Ocean Cable Company. The agreement aims to connect approximately three million Nigerian homes to a hyperscale open-access digital platform for internet service providers using advanced fibre and colocation […]

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Oando wins operatorship of KON 13 oil block in Angola

Oando Plc, Nigeria’s indigenous energy solutions provider listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, has announced that its upstream subsidiary, Oando Energy Resources, has been awarded the operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin. A statement from the company’s Secretary, Mrs. Ayotola Jagun, on Wednesday, revealed that […]

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Keyamo rejects Abuja Airport runway contract over N532bn variation

The Minister of Aviation and Aero Space Development, Festus Keyamo, SAN, On Wednesday, revealed that his Ministry had rejected an excessive contract variation of N532 billion, which was proposed for the N90 billion contract awarded to the contractor managing the second runway at Nnamdi Azikiwe International Airport in Abuja. Keyamo made this disclosure during the […]

Jigawa targets two million tonnes wheat production 2024
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FG eyes N1.25tn revenue from wheat production

The Federal Government has set a target of generating N1.25 trillion from wheat production in 2025. This goal is part of the ongoing National Agricultural Growth Scheme and Agro-pocket Project, which aims to enhance food security by providing subsidized agricultural inputs to registered farmers across the country. This was disclosed on Wednesday by the National […]

Meta launches AI voice translation on Facebook, Instagram
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US Meta users report automatic re-follows of Trump, Vance accounts

Some users of Meta’s social media platforms, including Facebook and Instagram, reported on Wednesday that their accounts appeared to automatically re-follow official profiles for President Donald Trump, Vice President JD Vance, and First Lady Melania Trump, even after they had unfollowed or blocked them. This unusual activity coincides with the standard transition of White House […]

Samsung reports profit amid AI-driven chip demand
Technology

Samsung launches S25 with enhanced AI amid Apple competition

Samsung Electronics unveiled its new Galaxy S25 series on Wednesday, highlighting its custom chip and enhanced AI features as key selling points. This launch comes after a challenging year for Samsung, as its smartphone shipments faced stiff competition from Chinese brands and Apple. The Samsung Galaxy S25 series is available in three variants: the S25, […]