Flapmax, a data, AI-driven and asset financing and software management platform for Small and Medium Enterprises (SMEs) technology has select 12 companies selected for the second cohort of the FAST Accelerator startup program, created in partnership with Microsoft to help strengthen and scale Africa’s digital ecosystem. Following the conclusion of its 2-week Online Bootcamp, which…
An integrated financial services group, Norrenberger recently received upgraded ratings from Agusto & Co Limited to ‘BBB(IM)’ and Data Pro Limited to ‘A-’ respectively. The credit rating companies in their 2023 investment manager rating exercise determined Norrenberger’s rating as higher than the previous report, following the remarkable increase in its assets under management, streamlined operations,…
In the ever-evolving world of technology, Xiaomi has consistently stood out as an innovator, pushing boundaries and redefining what smartphones can do. Now, Xiaomi is ready to make waves once again with the highly anticipated launch of the Xiaomi 13T in Nigeria on September 27, 2023. In the world of smartphones, few brands have made…
President Bola Tinubu has approved the use of concrete technology in roads construction across the country. The Minister of Works, Mr. David Umahi, briefed State House correspondents on the approval. He said the President also approved the construction of a coastal route with a 50-meter wide visibility stretch, under a Public-Private Partnership arrangement, starting from…
President Bola Tinubu has arrived New York for the 78th Session of the United Nations General Assembly (UNGA 78). The Boeing 737 conveying the President and his entourage, touched down in New York on Sunday. The President was received by Nigeria’s Permanent Representative to the United Nations (UN); Amb Tijjani Muhammad-Bande and Minister of Foreign…
A technology firm has introduced a new social media platform called Yomen Cloud, which focuses on being non-seductive and anti-pornography, with the goal of promoting moral values. During the launch event, Marypearl Nate, Itek’s Head of Marketing for the Africa Region, emphasized the strategic choice of Nigeria as the location for the global launch….
The British High Commission in Nigeria has announced the opening of a new temporary submission centre for UK visas in Enugu State. A statement by the British High commission in Lagos indicates that the facility will offer service twice a week. The commission explains that the appointment system allows an applicant to select Enugu as…
The African Union has been granted permanent membership to the G20, host nation India has announced, in an historic expansion of the economic bloc. Indian prime minister Narendra Modi invited the president of the 55-member African Union (AU) to take a seat at the table among permanent members at the opening of the two-day summit…
Olalekan Adeyemi, a highly skilled Full Stack Developer with over a decade of experience in crafting both front-end and back-end applications spanning diverse sectors, including Insurance, Human Resources, Logistics, Banking, and Media. Currently, he holds the esteemed position of Chief Technology Officer at IDS Africa and Channels Television, where he boasts over a decade of…
India has launched a rocket to study the sun, marking another milestone in its space exploration program. According to report, the rocket blasted off shortly before noon on Saturday from the Satish Dhawan Space Centre in Sriharikota, in southern India, for a 1.5 million-kilometer, four-month journey toward the sun. “Mission accomplished, the India Space Research…
Russian authorities have reported that their air defense systems successfully destroyed two drones in separate incidents. One drone was intercepted as it approached Moscow, in the Istrinskii district. There were no casualties or damage reported. Another drone was destroyed near the border with Ukraine, in the Shebekino district of the Belgorod region. The Russian defense…
The Rural Electrification Agency (REA) has deployed 103 mini-grids across the country under the Nigeria Electrification Project (NEP). The Managing Director and Chief Executive of REA, Ahmed Salihijo during the 10th Mini Grid roundtable discussion, held virtually on Wednesday in Abuja said the agency was committed to bridging the energy access gap in Nigeria. He…
Japan has on Thursday commenced the release of treated waste water from its nuclear plant at Fukushima into the Pacific Ocean. Tokyo Electric Power Company (TEPCO) said it’s expecting to release about 200 to 210 cubic meters of treated water before Friday and a total of 7800 cubic meters over a period of 17days. The…
Google has introduced a new Transparency Center to make it easier for users to learn more about its product policies. According to Google, the new hub will assist users to learn more about its policy development process, transparency reports, policies by product or service, and reporting tools. In a blog post, Google’s Vice President David…
The Lagos state government has suspended the general manager of Lagos State Infrastructure and Asset Management Agency (LASIAMA), Adenike Adekanmbi. This followed the submitted report by the panel appointed to investigate the unfortunate elevator accident at the General Hospital, Odan, that led to the death of Dr Vwaere Diaso. The Permanent Secretary, Ministry of Information…
Paid users of social media company X known as Twitter can now hide their verification checkmarks as part of the company’s rebranding exercise. Elon Musk’s twitter had introduced paid verification when it relaunched its Twitter Blue. The service network was renamed to XBlue during the ongoing rebranding exercise. According to the company, it has its…
The Information Commissioner’s Office (ICO) says investigation reveals that some staff of NHS Lanarkshire have been sharing information of their patients through an unauthorized WhatsApp group. Patients’ addresses, names, and phone numbers were reported to have been transmitted 500 times by 26 NHS Lanarkshire employees, as well as photographs and videos containing clinical information. According…
Google has partnered with Verve, allowing Nigerian users to use Verve cards for purchases on the Google Play Store with the Naira currency. With this collaboration, Google will process Verve transactions within Nigeria, and these transactions will be conducted in the local currency, Naira. This means that the transactions will be treated as local transactions…
Nigeria’s Federal House of Representatives has rejected a possible rise in electricity tariffs. The House took a stand against a proposed increase on Tuesday, July 20. According to Channels Television, Honorable Aliyu Madaki moved the motion to reject the increase, which would create an additional cost burden on Nigerians who are already feeling the burden of…
Effective subscriptions for the internet across mobile, fixed and VOIP networks in Nigeria rose to 159.5 million in May this year. According to the latest industry statistics released by the Nigerian Communications Commission (NCC), this represents an 8.6% growth when distinguished from the 158.2 million recorded in April. The NCC’s data reveals that the mobile…
Twitter’s Chief Executive, Elon Musk, said that the microblogging site recorded a 3.5% increase in active usage in the last week. Coming at a time Mark Zuckerberg launched the Twitter-like app, Threads, data released by Musk showed that Twitter was not affected by the hype of its new opponent platform which crossed 100 million signups…
More than 10 million people have signed up for Threads, Meta’s opponent to Twitter, within the first few hours of its launch, the Facebook parent’s CEO Mark Zuckerberg said Thursday. Threads are the biggest challenger yet to Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace one of…
The France Anti-Fraud Office, says the search engine of the United States tech giant lacked information on the ranking criteria of results. French authorities consequentially imposed a €2 million fine on Google on Tuesday over incomplete results in its search engine and app store. According to the checkmate Organization, results for vacation accommodation searches lacked…
Brace yourselves, as Nigerians may soon face a significant increase in electricity tariffs, potentially exceeding 40%. This development could mark the end of all energy subsidies in the country. Currently, there is a monthly subsidy of approximately N50 billion in the electricity sector due to revenue shortfalls. The upcoming tariff hike, scheduled for July 1,…
Edited by Damilola Adeleke Nairaxi, a privately-owned organization, has announced its plans to digitize the transportation sector in the Federal Capital Territory (FCT) of Nigeria. This initiative is being undertaken in collaboration with the FCT authorities and other state governments that are willing to partner with Nairaxi to mitigate the impact of fuel subsidy removal…
