ByteDance, the Chinese company behind TikTok, has secured a massive $29.6 billion loan. The deal is Asia’s second-largest dollar-denominated borrowing this year. The company was initially seeking $20 billion. However, strong interest from banks pushed the facility higher. The deal has not been signed yet. Banks are still confirming their final allocations. The loan will…
Uber is leaving Nigeria after 12 years, ending its ride-hailing operations in the country on September 2, 2026. The company announced the decision in an email to users. “After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026,” Uber said. Uber…
MapQuest is suddenly back in the spotlight after refusing to rename Lake Ontario “Lake America.” The classic mapping app has now topped Apple’s US App Store. It even moved ahead of ChatGPT and ESPN Fantasy Sports. The surprise comeback follows a post from MapQuest last week. The company said it would keep calling the lake…
Tim Cook Exits Apple CEO Role After 15 Years After 15 years at the top, Tim Cook is stepping down as Apple CEO this week. His exit marks the end of a major era for the tech giant. Cook became CEO in 2011 after succeeding Apple co-founder Steve Jobs. He will hand over the role…
WhatsApp will start charging some businesses for messages sent through its Business Platform from October 1, 2026. Meta, the parent company of WhatsApp, announced the change in a pricing update released in July 2026. The new charges will affect companies that use the official WhatsApp Business Platform to manage customer conversations at scale. Likely Businesses…
A US judge has ruled that the Trump administration unlawfully retaliated against AI company Anthropic. US District Judge Rita Lin called the Pentagon’s action “illegal and baseless.” She said national security cannot justify punishing government critics. The case began after Anthropic refused to allow its AI models for some military uses. These included domestic surveillance…
Nvidia shares jumped nearly 9% on Thursday after its latest earnings report beat expectations. The rise added about $440 billion to the company’s market value. Investors were encouraged by Nvidia’s strong revenue outlook and continued demand for AI chips. The rally also lifted other chip stocks, including Broadcom and Intel. AI cloud company Nebius also…
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…
