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By Paul Chimodo Tech giant Meta Platforms has announced plans to lay off about 8,000 employees in May as part of a major restructuring effort driven by increased investment in artificial intelligence. The job cuts represent roughly 10 percent of the company’s global workforce and are expected to take effect from May 20. The company
By Paul Chimodo The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration between both regulators to combat rising cases of electronic and SIM-related fraud in Nigeria’s digital economy. The agreement, signed at the CBN headquarters in Abuja, is designed to improve
By Paul Chimodo The Bill & Melinda Gates Foundation has reduced its investment in Microsoft to 11% of its total portfolio. This is a major cut from previous years when Microsoft made up more than a quarter of the foundation’s holdings. The foundation’s investment arm, the Gates Foundation Trust, gradually sold off shares over the
By Paul Chimodo App-based transport drivers in Rivers State have raised alarm over worsening working conditions and what they describe as unfair treatment by ride-hailing companies. Members of the Amalgamated Union of App-Based Transporters say operators have failed to adjust fares despite the steady increase in petrol prices, while continuing to deduct between 28 and
By Paul Chimodo Google has begun rolling out Search Live, its AI-powered conversational search tool, to users around the world. The feature allows people to speak to Search, receive real-time answers, and even point their smartphone cameras at objects for instant information. Powered by the Gemini 3.1 Flash Live AI model, Search Live supports multiple
By Paul Chimodo The Nigerian Communications Commission (NCC) has ordered major telecommunications operators to compensate subscribers who experience poor network quality, marking a significant shift in regulatory policy aimed at protecting telecom consumers nationwide. In a statement released over the weekend, the NCC said the directive requires mobile network operators (MNOs) to provide airtime credits
By Paul Chimodo A new report by financial platform PiggyVest has revealed that 74 percent of Gen Z Nigerians depend on a single source of income, highlighting growing financial vulnerability among young people in the country. The findings indicate that many Gen Z respondents lack diversified income streams, making them more exposed to economic shocks
By Paul Chimodo Remember the tech headlines of 2023? Amid the rise of large language models like GPT-4 and Claude, the world was told that “prompt engineering” could be one of the hottest jobs of the decade. A career where crafting the right AI instructions might earn you six-figure salaries without needing deep programming skills.
By Paul Chimodo Experts have raised concerns that persistent data privacy and security challenges could hinder Nigeria’s progress toward broader financial inclusion, despite increasing access to digital services and mobile connectivity. They emphasized the need for stronger regulatory frameworks, improved cybersecurity systems, and public awareness to build trust in digital financial platforms and protect users
By Paul Chimodo Nigerian financial technology companies are increasingly adopting artificial intelligence to tackle operational challenges, improve security, and enhance customer engagement. The move reflects a shift from experimentation to practical applications that strengthen business processes and service delivery. Fraud detection remains the most common use of AI, with many fintechs deploying tools to identify
