The Chief Executive Officer of one of the leading cryptocurrency platforms in Nigeria, NoOnes, Ray Youssef, has revealed that peer-to-peer popularly known as P2P is probably like $500 billion business in Nigeria alone. Youssef said this in an interview with Techpoint Africa on the heels of an imminent ban on cryptocurrency in the country. Speaking on the astronomical P2P transactions …

The Special Adviser to Lagos State Governor on Media and Publicity, Mr. Gboyega Akosile has urged Nigerians, particularly the youth, to embrace technology and use it positively for skill acquisition and entrepreneurship. He said the Babajide Sanwo-Olu administration is committed to empowering the youth, and the government in the last five years has empowered thousands of young Lagosians in different …

The Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas has disclosed that the National Assembly was planning to come up with a law that would provide a framework for the regulation and application of Artificial Intelligence (AI) in Nigeria. Abbas, who was represented by the House Minority Leader, Kingsley Chinda, made the appeal on Monday at the Matriculation …

Barely a week after announcing the award of scholarship to six students of Christ the King College (CKC), Onitsha, for winning the World Affairs Challenge (WAC), a philanthropic organisation, IG Aguowo Health and Academic Foundation (IGAHAF) has paid up the full annual scholarship to CKC for the students. An initiative of the President of Volic Group of Companies, Ichie Ignatius …

No fewer than N70 million cash reward would be doled out to winners of the 5th edition of Wema Bank’s Hackaholics. Hackaholics is an annual tech and innovation competition birthed by Wema Bank in 2019. This groundbreaking annual Hackathon provides a platform for young Nigerians with tech-driven ideas to bring their game-changing ideas to life, scale their ventures and access …

Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public Thursday. News of the appeal comes two weeks after US District Court Judge Lewis Kaplan set the prison term and ordered Bankman-Fried, known as “SBF”, to pay $11 billion in forfeiture. Sam Bankman-Fried had …

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday expressed his administration’s readiness to collaborate with a technology company, Meta Platform Inc. (formerly Facebook) to deepen the digital space in the state. The areas of mutual interest between Lagos State and Meta Platform will include digital marketing scholarships for Lagosians, open source technology for training of young innovators in Artificial Intelligence, …

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday indicated interest in a mutually beneficial partnership between the Lagos State Government and Mastercard for technology, digitalization and innovation. The governor said the development of backend infrastructure by the Lagos State Government will help Mastercard’s investment drive in the State. Receiving the Management of Mastercard, led by its President for Eastern Europe, …

President Bola Tinubu has said that his administration is sustaining investments in digital technology to enhance the sustainability of small businesses, expand opportunities across sectors, and propel Nigeria to become the lodestar of information and communications technology in Africa. Receiving a delegation from Meta Platforms Incorporated, led by Meta’s President of Global Affairs, Sir Nick Clegg, at the State House …

The Federal High Court sitting in Abuja has ordered Binance Holdings Limited to release to the Economic and Financial Crimes Commission (EFCC), a comprehensive detail of all persons from Nigeria trading on its platform. “Binance is a cryptocurrency exchange platform that lists more than 350 digital currencies, which serve as alternative form of payment, using encryption algorithms. The government had …