OPay is reportedly preparing to list its shares on the Nigerian Exchange (NGX). The move could become one of Nigeria’s biggest technology listings. However, the company has not disclosed the listing date or offer details. The planned NGX listing comes as OPay prepares for a possible US initial public offering. The fintech is reportedly targeting…
Meta has agreed to pay up to $17.1 billion to settle claims over Facebook and Instagram’s impact on children. The deal also brings new safety rules for teen users. The settlement involves 29 states and ends a major legal battle against the tech giant. The states accused Meta of making its platforms addictive and misleading…
Binance has restricted transactions with 17 crypto platforms, including three linked to Nigeria, following recent regulatory developments. Binance has stopped processing transactions involving 17 cryptocurrency platforms and service providers. The move affects firms operating in Nigeria and several other countries. In Nigeria, the affected platforms include A7 Nigeria, A7 Africa and PilotFinance Ltd. Binance said…
Meta CEO Mark Zuckerberg has bought Strancally Castle in Waterford, Ireland. The historic estate covers 440 acres near the River Blackwater. Mark Zuckerberg Buys Strancally Castle Meta CEO Mark Zuckerberg is the new owner of a historic castle in County Waterford, Ireland. The billionaire bought Strancally Castle, a stunning estate near the River Blackwater. A…
Amazon is taking its drone delivery plans to a new level. The company wants to expand the service to nearly 500 US cities by year-end.The move could give millions of customers faster access to small packages. Amazon says some orders could arrive in just 30 minutes. However, the drones can only carry packages weighing up…
Pastor Chris Oyakhilome has unveiled a new line of electric cars under Christ Embassy’s Tsion brand. The new vehicles include the Tsion Falcon, Passion, Vision and Vision Coupe. The OG series also made a major appearance during the unveiling. The cars were presented as ministry-made electric vehicles. The unveiling has since sparked reactions across social…
Unitree Heads for a Record IPO China’s humanoid robot industry is getting a major boost as Unitree prepares for its Shanghai stock market debut on Wednesday. The Hangzhou-based robotics company has already raised 6.1 billion yuan, about $905 million, in its initial public offering. Even more striking, investors oversubscribed the IPO by more than 8,000…
FG and Meta launch an AI academy to train developers, support startups and grow Nigeria’s technology talent. Nigeria is set to train more people in artificial intelligence through a new partnership with Meta. The Federal Ministry of Communications, Innovation and Digital Economy announced the AI academy on Monday. The partnership also includes the 3 Million…
France top court has blocked a proposed social media ban for children under 15. The Constitutional Council rejected the bill on Friday. It said the proposed ban was too broad. The council also warned about privacy and freedom of expression. According to the ruling, a blanket ban could affect communication rights. It also would not…
OpenAI’s revenue is racing toward $40 billion, according to Bloomberg. The figure would be twice its level from late last year. That growth could also strengthen the company’s plans for an initial public offering (IPO). Bloomberg reported on August 13 that OpenAI’s annualized revenue could soon pass $40 billion. Annualized revenue estimates yearly sales from…
