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🪙 Nigeria Govt. Seeks Record $79.5 Billion From Binance Amid Tax Dispute
🧑🏽💻 Microsoft Pledges $1 Million to Train One Million Nigerians in AI, Boosting Country's Digital Economy
🗄️ Kuda Technologies Faces Employment Tribunal Over Workplace Misconduct
🪙 Pi Network Mainnet Launch on February 20th marks a New Era for Cryptocurrency
📱Apple unveils iPhone 16e featuring Apple Intelligence, priced at $599 |
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| | | | | If you haven't subscribed, join over 7,000 people curious about Innovation, New Products, New Technologies in Africa. | |
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| | | | | 🪙 CRYPTOCURRENCY | Nigeria Govt. Seeks Record $79.5 Billion From Binance Amid Tax Dispute | | The Nigerian government has filed a lawsuit against cryptocurrency exchange Binance Holdings Limited, requesting $81.5 billion in damages in a landmark legal event. This amount includes $2 billion for unpaid taxes over the previous two years and $79.5 billion for purported economic losses linked to Binance's activities in Nigeria. Court documents examined on February 19, 2025, showed that the case was filed in the Federal High Court in Abuja. | According to the Nigerian government, Binance's operations have seriously harmed the country's economy. Allegations include contributing to the devaluation of the Nigerian Naira, enabling money laundering, and operating without the required license. According to the Federal Inland Money Service (FIRS), Binance lost a substantial amount of national money because it neglected to register for tax compliance. In accordance with the Central Bank of Nigeria's current lending rate, the complaint also requests a 26.75% interest rate and a 10% penalty on the overdue taxes for 2022 and 2023......…continue reading |
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| | | | | 🧑🏽💻 TECHNOLOGY | Microsoft Pledges $1 Million to Train One Million Nigerians in AI, Boosting Country's Digital Economy | | Microsoft is stepping up its commitment to Nigeria's digital future by launching a $1 million initiative to train one million Nigerians in artificial intelligence (AI) over the next two years. This program is a key part of Microsoft's broader strategy to develop AI talent across Africa and accelerate digital transformation in Nigeria. | Announced during the Microsoft AI Tour in Lagos by Olatomiwa Williams, the Company's Countries Managing Director for Nigeria and Ghana, the training initiative is designed to equip Nigerians with the skills needed to thrive in a rapidly evolving digital economy. Williams highlighted that with the fast growth of the AI sector, it is essential for Nigerian youths to be armed with cutting-edge skills to compete on a global stage. The investment is seen as a crucial step toward empowering individuals to leverage AI for job creation, innovation, and entrepreneurship, further solidifying Nigeria's position as a leader in the digital economy........…continue reading |
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| Sign up to start learning. | | | | | 🗄️ WORKPLACE | Kuda Technologies Faces Employment Tribunal Over Workplace Misconduct | | Recent reports reveal that Kuda Technologies, one of Africa's fastest-growing digital banks, is under scrutiny following allegations of workplace discrimination, harassment, and wrongful dismissal. The controversy centers on a complaint filed by former Group Chief People Officer, Rosemary Hewat, who claims that during her nearly three-year tenure at Kuda, she experienced persistent mistreatment that ultimately forced her departure in April 2024. | According to the legal documents reviewed by TechCrunch, Hewat has accused the company and its CEO, Babatunde Ogundeyi, of sex discrimination, victimization, and unfair dismissal. Hewat, who managed global HR operations from Kuda's UK office, alleges that her role was deliberately undermined by senior leaders, contributing to a hostile work environment. In one instance, during a company retreat in Lagos in December 2023, she claims that Ogundeyi publicly berated two female employees, using demeaning language that left them in tears. This incident, according to Hewat, was part of a broader pattern of misogyny and intimidation at Kuda........…continue reading |
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| | | | | 🪙 CRYPTOCURRENCY | Pi Network Mainnet Launch on February 20th marks a New Era for Cryptocurrency | | The highly anticipated Pi Network Mainnet launch is set for February 20th, marking a pivotal moment for one of the most talked-about digital currency projects. Since its inception, Pi Network has captured the imagination of millions with its promise of creating a mobile-first, accessible cryptocurrency ecosystem, and the Mainnet launch is poised to bring that promise to fruition. | The Mainnet launch on February 20th signifies the moment when Pi Network will move from a testing phase into a live, decentralized blockchain. This transition is critical as it will enable real transactions, where Pi coins can be securely sent, received, and exchanged without relying on a central authority. Users will experience the full benefits of blockchain technology, including enhanced security, transparency, and decentralization.....…continue reading |
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| | | | | 📱DEVICES | Apple unveils iPhone 16e featuring Apple Intelligence, priced at $599 | | Apple has officially unveiled the much-anticipated refresh of its iPhone SE series on Tuesday, introducing the fourth-generation model after a three-year hiatus since the last significant update to this budget-friendly smartphone line. In a notable shift, Apple has dropped the SE branding, opting instead for the new name, iPhone 16e, to align the device more closely with its flagship offerings. The iPhone 16e is priced starting at $599 and is set to begin shipping on February 28. | One of the standout features of the iPhone 16e is the introduction of Apple Intelligence, the company's innovative response to competing technologies such as OpenAI's ChatGPT and Google's Gemini. This new feature incorporates compact models that can operate directly on the device, enabling users to generate text summaries, compose letters, and even create images without needing an internet connection.........…continue reading |
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| | | | | OTHER STORIES | Former Leatherback CEO Ibrahim Ibitade launches competing cross-border payments company, Prune Payments….continue reading Vendease initiates second round of layoffs in restructuring efforts to achieve profitability…….continue reading Niantic explores sale of game development division amidst restructuring efforts……..continue reading Google has made the strategic decision to remove its AI assistant, Gemini, from the main Google app for iOS devices…….continue reading
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| | | | | OPPORTUNITIES | Applications are now open for the latest edition of the Tony Elumelu Entrepreneurship Programme (TEEP), designed to support startups through comprehensive training, mentorship, and a funding opportunity of US$5,000 Deadline = 1st Mar 2025……..continue reading Global payment card network Visa has announced the opening of applications for the fourth edition of its biannual Africa Fintech Accelerator. Deadline = 15th March 2025…….continue reading
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