Category Archives: Technology News

CBN Directs Banks To Shut Down Cryptocurrency Account

Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online. Here is a thread explaining what the circular means and why the CBN issued it. Cryptocurrencies have gained popularity since bitcoin, the most valuable crypto, rose significantly four years ago. The coin went from $900 in January 2017 to […]

20,000 Nigerian Youths To Be Empowered By A Software Firm NAIRAXI.

NAIRAXI

With the ongoing unemployment and lack of job opportunities in Nigeria, an indigenous mobile transport and logistics “on-demand” Software company” called NAIRAXI has assured Nigerian youths of its commitments in areas of empowerment and job creation for over 20,000 youths and 5,000 driver-jobs in FCT, as it projects $2bn dollars annually to support the nation’s […]

Snapchat To Start Paying Users $1Million Everyday For Creating Viral Videos

Snapchat To Start Paying Users $1Million Everyday For Creating Viral Videos

Snapchat is launching a brand new TikTok competitor and unveiling plans to distribute $1 million among some lucky users on a daily basis. On Monday, Snapchat began rolling out Spotlight, a new video tab that will highlight popular videos in the app as the company looks to compete with both TikTok and Instagram Reels. For […]

Elon Musk Now World’s 3rd Richest Person With $115Billion Fortune

The Tesla CEO’s net worth increased to a staggering $115 billion this week after the electric car company’s stock increased by 12% on Monday. The 49-year-old has now overtaken Mark Zuckerberg to become number three on the list of the wealthiest humans alive, according to Bloomberg. In July, Mr Musk became the seventh richest person […]

Sony Releases Small Personal Air Conditioner 

Sony has released a new personal air conditioner designed to be stored inside a person’s shirt collar, creating a cool envelope around their torso even when they’re outside. Called the Reon Pocket, the wallet-sized device weighs just three ounces and can be controlled through a companion smartphone app. Sony is also selling custom t-shirts with […]

OPay Shuts Down ORide, OCar, OExpress In Nigeria

Popular Chinese-owned African fintech startup, OPay, has announced it is suspending some of its Nigerian operations including ORide, OCar, and OExpress, excluding its payment operation, Opay. In a statement on Thursday, the company said it is pausing some of its operations “due to the harsh business conditions which have affected many Nigerian companies, including ours, […]

India Bans 59 Chinese Mobile Apps Including Tik Tok

The Indian government has banned TikTok, the hugely popular social media app, as part of sweeping anti-China measures after a violent confrontation between Indian and Chinese troops. TikTok is one of more than 50 Chinese-made apps that have been banned by the Ministry of Information over concerns that they “pose a threat to sovereignty and […]

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