CBN limits Mobile Money transactions via USSD to N100,000 per day

Photo: the guardian

The Central Bank of Nigeria, in a bid to reduce the incidence of fraud, has put a cap on mobile money transactions via Unstructured Supplementary Service Data (USSD) to N100,000 ($278) per day.

Ecobank launches Fintech Challenge Competition for Start-ups in Africa (2018)

Ecobank, the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets.

Vice-chairman and CEO of Samsung Electronics, Kwon Oh-hyun resigns

On Friday, Samsung announced that the CEO and Vice Chairman of Samsung Electronics, Kwon Oh-hyun, plans to resign.

The iPhone 7 from Apple was purchased more than any smartphone in the first half of 2017

Photo credit: phonearena.com

A new analysis by IHS Markit has revealed that the iPhone 7 was the best selling smartphone globally in the first half of 2017. 

Netflix increases subscription plan rates, but should Nigerians be worried?

Photo credit: venturebeat.com 

The most popular binge watching service, Netflix saw a surge in share prices and it has decided to raise the prices for two of its subscription packages for the first time in two years.

Apple to pay Samsung a whopping $110 on every iPhone X sold

A new analysis has shown that Samsung will be pocketing about $110 on every unit of the iPhone X sold by Apple.

Elon Musk plans to transport people in rockets across the globe in half an hour

Image credit: telegraph.co.uk

Whenever Elon Musk, is up to something, the world always pays attention as it is always about 'the future', and his upcoming project is no exception.

Google signs a huge $1.1Bn deal with HTC for future Pixel smartphones

HTC announced that it had agreed a deal north of $1.1 billion in cash with Google in exchange for some of HTC's intellectual property as well as some of its employees.

Etisalat denies losing its Biggest Shareholder

Etisalat has denied losing its major shareholder, Mubadala Development Company, according to a new report.

GTBank launches GTPatroit: A Subsidized Banking Package for Nigeria's Military and Paramilitary personnel

Foremost financial institution, Guaranty Trust Bank plc, has launched GTPATRIOT, a unique Salary Account Package which offers Nigeria’s servicemen and servicewomen subsidized banking products and dedicated value added services. The GTPatriot Account allows serving members of the Military and Paramilitary institutions to open accounts with zero minimum balance whilst offering reduced Current Account maintenance fees and access to loans at reduced interest rates, amongst other value added services.

Lyft gets $25 million investment from Jaguar Land Rover

Lyft Inc, a ride-sharing company that rivals Uber, has signed an agreement with Jaguar Land Rover that will see the latter invest $25 million in the company.

Verizon acquires Yahoo for $4.48 billion, CEO of Yahoo resigns

Verizon has successfully completed the deal to acquire Yahoo for $4.48 billion.

2.5 million ICT jobs to be created in Nigeria by 2020

R-L: Lai Mohammed, VP Yemi Osinbajo and Adebayo Shittu

The government of Nigeria has approved the ICT Roadmap 2017 to 2020 with the aim of generating 2.5 million jobs in ICT. Also included in the roadmap is the plan for the creation of an ICT University.

Apply for the 1776 Lagos Challenge Cup Lagos!

Application is now open for the 1776 Challenge Cup Lagos. The Challenge Cup is a worldwide tournament for ambitious and innovative startups.

CRRC unveils World's First Virtual Train Track in China

The first ever virtual train track has been unveiled in central China by Chinese rail transit firm CRRC.

Application for the 2nd Quarter of the 2017 Lagos StartUp DealDay Challenge is now open!

2017 Lagos StartUp DealDay is back with the second quarter of its Challenge. The Challenge which brings together Lagos Angel Network (LAN) members, other angel investors and players in the Lagos startup ecosystem in a process where the most worthy startup ventures(in target sectors) are guaranteed funding.

Application now open for GSMA Ecosystem Accelerator Innovation Fund!

GSMA Ecosystem Accelerator Innovation Fund has announced the second round of its funding programme for startups and applications are now open.

Google will stop paying you if you post offensive YouTube videos

Advertisers are not happy their company ads is appearing on offensive or hateful contents on YouTube and Google is ready to punish offenders, in a way.

Ecobank announces 20 startups for the Fintech Challenge finals

Ecobank which is the leading independent pan African bank has selected twenty finalists for its Fintech Challenge, which aims to solve Africa’s most pressing banking issues.

Nigeria’s edtech startup, Tuteria wins Africa Prize for Engineering Innovation

The Royal Academy Engineering Africa Prize for Engineering Innovation has just concluded and Nigeria's edtech startup, Tuteria came out on top, picking up the cash price of  US$28,000 (£25,000).