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Konga turns down $300m global funding

Konga turns down $300m global funding

Despite making a loss of over N100m monthly, e-commerce outfit, Konga says it has just turned down a N300 million funding from a consortium of global investors, just to keep integrity and high level of professionalism in the business.

NITDA develops frameworks to leverage 4th Industrial Revolution

NITDA develops frameworks to leverage 4th Industrial Revolution

The Director-General of National Information Technology Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi has said that the agency is working round the clock to leverage the advantages of 4th Industrial Revolution by developing compliant frameworks to the revolution.

Twitter expects fine for misuse of user phone numbers

Twitter expects fine for misuse of user phone numbers

Twitter said in a regulatory filing this week it’s likely to be fined up to $250 million for misusing user phone numbers to target ads. In a Securities and Exchange Commission filing on Monday, Twitter said it so far set aside $150 million for an anticipated fine from the Federal Trade Commission. The social network […]

China talks tough, as Microsoft moves to acquire TikTok’s US operations

China talks tough, as Microsoft moves to acquire TikTok’s US operations

China will not accept the “theft” of a Chinese technology company and is able to respond to Washington’s move to push ByteDance to sell short-video app TikTok’s US operations to Microsoft, the China Daily newspaper said on Tuesday. The US’s “bullying” of Chinese tech companies was a consequence of Washington’s zero-sum vision of “America first” […]