Nigerian music superstar David Adeleke, popularly known as Davido, has unveiled an exciting new venture: his own line of electric bikes in partnership with Africa’s leading electric vehicle company, Spiro. The initiative, announced via Davido’s Instagram on Tuesday, aims to empower motorcycle riders and provide a Made-in-Africa solution for the continent’s transportation challenges. Davido shared…
The tech world was rocked on Monday as Nvidia, a leader in semiconductor technology, suffered a dramatic sell-off after news broke of a low-cost Chinese generative AI model that could challenge American dominance in the AI industry. DeepSeek, a startup based in Hangzhou, China, claims to have developed a chatbot that rivals the capabilities of…
The United States President Donald Trump on Monday confirmed that Microsoft is in talks to acquire the popular video-sharing platform, TikTok. The app, owned by Chinese company ByteDance, faces mounting pressure to divest its U.S. operations to comply with a law targeting national security concerns. Speaking aboard Air Force One, Trump said, “I would say…
The Central Bank of Nigeria (CBN) has issued a directive requiring all participants in the foreign exchange (FX) market to submit a compliance report on adherence to the Nigeria FX Code by January 31, 2025. This initiative is part of the apex bank’s ongoing efforts to promote ethical practices, enhance governance, and ensure transparency in…
Global tech giants Nvidia Corp and ASML Holding NV, both leaders in the AI revolution, experienced a significant dip in their stock prices following the rise of Chinese startup DeepSeek. The buzz around DeepSeek’s latest AI model, which claims to rival industry benchmarks like ChatGPT while running on less advanced chips, has caught the tech…
In a remarkable display of forgiveness and respect for traditional authority, Aare Afe Babalola, the founder and chancellor of Afe Babalola University, Ado-Ekiti (ABUAD), has withdrawn all criminal charges against human rights lawyer Dele Farotimi. The decision came after the intervention of the Ooni of Ife, Oba Adeyeye Ogunwusi, alongside other prominent traditional rulers in…
In an ambitious move to bolster Nigeria’s aviation industry, the Federal Government has unveiled plans to establish an aircraft manufacturing facility in the country. This transformative project is a collaborative effort between XeJet and indigenous banks, with the goal of positioning Nigeria as a leading regional hub for aviation services. The announcement was made by…
The Central Bank of Nigeria (CBN) has taken a significant step toward enhancing transparency and ethical practices in the country’s foreign exchange market. The apex bank recently announced the approval of the Nigerian Foreign Exchange (FX) Code, a comprehensive guideline designed to promote ethical conduct among authorized dealers in the FX market. According to a…
Late Saturday, TikTok users across the United States were met with a somber message as the app disconnected access, just hours before a national ban was set to take effect. The move follows a U.S. Supreme Court ruling that upheld a law banning the popular video-sharing platform unless its Chinese parent company, ByteDance, reached a…
In a recent interview with NBC, U.S. President-elect Donald Trump hinted at a possible 90-day extension for TikTok to avoid an impending ban in the United States. The announcement, expected to be finalized after he takes office on Monday, could provide temporary relief to the popular social media platform. “The 90-day extension is something that…
