Nigeria’s data demand outpacing network growth — NCC
…Says mobile broadband covers 90% of Nigerians, only 27% own smartphones…Seeks long-term naira funding for telecoms infrastructure By Juliet Umeh The Nigerian Communications Commission, NCC, has warned that rising data demand is putting pressure on Nigeria’s networks and called for greater investment in digital infrastructure.In a communiqué issued on Sunday after the Nigeria Digital Connectivity […]
Uber reports $1.8bn loss as pandemic stalls revenue
Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the COVID-19 pandemic caused its shared-ride business revenue to plunge. Overall revenues skidded 29 per cent from a year ago to $2.2 billion, as gains from delivery failed to offset a massive 75 per cent drop in its ride-hailing bookings, San […]
Jeff Bezos sells Amazon shares worth $3.1billion
Amazon.com CEO Jeff Bezos sold shares worth US$3.1-billion in the e-commerce company in recent days, regulatory filings showed on Wednesday. The stock sale comes at a time when the company’s shares have surged more than 73% this year. During the first two working days of August, Bezos sold a million shares as part of a […]
COVID-19: Nintendo reports bumper $1bn net profit in first quarter
Nintendo made a $1 billion net profit in the first quarter, it said Thursday, with gamers stuck at home during the coronavirus pandemic driving extraordinary demand for the industry. The global health crisis has had devastating economic consequences across a broad range of industries but the gaming sector has been a rare beneficiary of lockdowns […]
Wefixam launches platform to bridge unemployment, productivity gap
Wefixam, a tech company has designed and deployed a well robust platform that connects skilled workers, artisans and professionals with potential customers on the go in Nigeria. Founded by Gabriel Julius Ojodomoh a seasoned entrepreneur and innovator, who is an alumnus of the University of Oxford and an Oracle Certified Professional (OCP) from Oracle University, […]
Facebook launches Tik-Tok clone ‘Reels’ to rival viral app
Facebook rolled out its own version of social media rival TikTok in more than 50 other countries on Wednesday, embedding a new short-form video service called Reels as a feature within its popular Instagram app. The debut comes days after Microsoft said it was in talks to acquire TikTok’s US operations from China’s ByteDance. ByteDance […]
