Elon Musk Estimates Twitter’s Value At $20 Billion
Musk has drastically reduced the group’s payroll from 7,500 employees to less than 2,000 since assuming leadership. According to an internal email obtained by American news outlets, Elon Musk has estimated Twitter’s current value at $20 billion, which is less than half the $44 billion he spent for the social media company just five months […]
FG Tasks Private Sector On Utilising STI Research Outcomes
The Federal Government of Nigeria has asked the Organized Private Sector to utilize the outcome of science, technology, and innovation research to create jobs and reduce poverty and crime among Nigeria youths. Speaking at the closing ceremony of the 2023 STI Expo with the theme: “Actualizing effective diversification of the Nigerian economy through Science, Technology, […]
Former Twitter employees protest over sacking of more women
Two women who lost their jobs after Elon Musk’s $44 billion takeover of Twitter have sued the company. The former employees alleged that the layoffs disproportionately affected female employees. The world’s richest person immediately fired Twitter’s top executives when he took over in October, and a week later, fired half the company’s 7,500 staff members. […]
Soludo Calls For Mainstreaming Of Technological Innovation As National Policy, Declares Anambra Home Of Innovation
Governor Chukwuma Soludo has called for a National Framework for the development of innovation and technology. Governor Soludo made the call at the International Convention Center, Awka during a National Innovation Workshop, organized by the Senate Committee on Science and Technology.The event had the theme, “Promotion of Local Inventors of Science, Technology and Innovation.” According to […]
No plan by FG to ban Twitter, other social media handles, says Mohammed
The Federal Government claims it has no plans to outlaw any social media sites, but it will not tolerate any tactics that can destabilize the nation. Lai Mohammed, the Minister of Information and Culture, made this statement on Thursday when presenting the performance evaluation of President Muhammadu Buhari’s administration from 2015 to 2022. The minister […]
Apple fined $20m for selling iPhones without chargers
A Brazilian judge fined Apple US$20 million on Thursday for selling iPhones without chargers, calling it an “abusive practice” that forces customers to buy an additional product. The decision, which can be appealed, came after Brazil’s justice ministry slapped a separate fine of nearly US$2.5 million on Apple in September over the same issue and […]
FG suspends 5% tax on telecoms call, data
The Minister of Communications and Digital Economy, Isa Pantami, on Monday, said the Nigerian government has suspended the proposed excise duty on telecommunication services. Pantami, who announced the suspension at the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector in Abuja, said the telecommunications sector was already burdened by […]
MTN rolls out 5G network in Nigeria
MTN Nigeria on Wednesday rolled out the fifth generation (5G) mobile network across 190 sites making it the first of telecommunication service provider to do so in Nigeria.MTN won the auction for the 3.5GHz 5G spectrum alongside Mafab Communications in December 2021 and switched on the 5G network in 190 sites across the country. Nigeria’s telecommunications […]
Nigerian fintech founders jailed in US over $167million money laundering
The senior executives of Ping Express, a fintech business in the United States, were sentenced to 27 months in jail for violating money laundering regulations. Anslem Oshionebo and Opeyemi Odeyale, Nigerian fintech leaders, pled guilty to violating money laundering regulations after moving $167 million to Africa unnoticed in less than three years. While Oshionebo is […]
Breaking: ECOWAS Court declares Buhari’s twitter ban unlawful
Following a challenge filed by the Socio-Economic Rights and Accountability Project (SERAP) and 176 concerned Nigerians, the ECOWAS Court “found unconstitutional the suspension of Twitter by President Muhammadu Buhari’s government, and ordered the administration never to repeat it again.” SERAP deputy director Kolawole Oluwadare announced the news today. Following the deletion of President Muhammadu Buhari’s […]