Samsung profit surges on AI chip demand boom

Samsung Electronics reported record quarterly profit on Thursday, driven by a sharp rise in chip earnings, and warned that a global supply shortage could worsen as demand for artificial intelligence grows.

The world’s largest memory chipmaker said operating profit in its chip division surged to 53.7 trillion won ($36.15 billion) in the January–March quarter, up from 1.1 trillion won a year earlier. The unit accounted for about 94% of total operating profit, which reached 57.2 trillion won.

Revenue rose 69% to 133.9 trillion won, in line with earlier estimates.

The earnings surge reflects strong demand for advanced memory chips used in AI systems. Companies such as Nvidia rely on these chips for AI accelerators, as spending on data centres continues to rise.

Samsung said it has signed multi-year supply agreements with customers to secure long-term demand. It did not disclose details.

“Our supply falls far short of customer demand,” said Kim Jaejune, an executive in Samsung’s memory chip business. He added that the supply gap is expected to widen further by 2027.

The company said demand growth will continue as AI adoption expands. However, supply will remain tight due to the time required to build new chip factories.

Recent signals from major technology firms, including Alphabet, Amazon and Microsoft, point to sustained spending on AI infrastructure.

Samsung said it has begun mass production of next-generation HBM4 chips for Nvidia’s Vera Rubin platform. It expects to more than triple revenue from high bandwidth memory this year.

The company also plans to increase capital spending to meet demand. Still, it faces challenges, including potential labour unrest. Unions representing a majority of workers in South Korea are considering strike action over pay.

Samsung said it has measures in place to prevent production disruptions.

Shares fell 2.4% after the results, as some investors took profits following a strong rally. The stock has gained 88% this year.

Rising chip prices also weighed on other divisions. Profit in Samsung’s mobile and network unit fell 35%, while its display business posted a 20% decline.

The company said higher component costs are expected to continue pressuring margins outside its core chip business.

Adeoluwa Onaolapo

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  China Launches First AI Powered Underwater Data Center
• Adeoluwa Onaolapo

  Elon Musk’s Net Worth Drops by $100B Amid Political Role
• Adeoluwa Onaolapo

  TikTok Removes Over 2.4 Million Videos by Nigerians in Q4 2024
• Adeoluwa Onaolapo

  Apple Fined €150M in France for Antitrust Violations Over ATT
• Adeoluwa Onaolapo

  Driver Involved in Bumpa Co-founder’s Death charged with Reckless Driving
• Adeoluwa Onaolapo

  Zap by Paystack Looking to Outshine Opay
• Adeoluwa Onaolapo

  PenCom Approves Interswitch, 8 Others as Payment Providers
• Adeoluwa Onaolapo

  Cassava to Launch Africa’s First AI Factory by 2025 Powered By Nvidia
• Adeoluwa Onaolapo

  NIBSS and Ceva Lobby Kenya for Fast Payment System Deal
• Adeoluwa Onaolapo

  Nigerian Petrol Marketers May Be Forced to Sell in Dollars
• Adeoluwa Onaolapo

  Flutterwave Expands Payment Options in Ghana with Bank Transfers
• Adeoluwa Onaolapo

  Moneda, meCash Launch Musa to Boost SME Financing in Africa
• Adeoluwa Onaolapo

  Google’s Taara Challenges Starlink with Laser Internet Tech
• Adeoluwa Onaolapo

  Chinese Satellite Internet Service SpaceSail Challenges Starlink
• Adeoluwa Onaolapo

  Astronauts Return After 9 Months in Space, Face Aging Effect
• Adeoluwa Onaolapo

  Nigeria leads global drop in cash usage as digital payments rise
• Adeoluwa Onaolapo

  MTN, Airtel Account for 57% of IHS Towers’ 2024 Revenue
• Adeoluwa Onaolapo

  NELFUND to Introduce Software for Disabled Students Applying for Loans
• Adeoluwa Onaolapo

  Sycamore Expands Into Asset Management with SEC License
• Adeoluwa Onaolapo

  Nigeria’s Inflation Drops for First Time From 24.48% to 23.18%
• Adeoluwa Onaolapo

  Google to Replace Google Assistant with Gemini
• Adeoluwa Onaolapo

  Facebook Now Pays Creators for Getting Views on their Stories
• Adeoluwa Onaolapo

  OpenAI Urges U.S. to Ease Copyright Rules to Stay Ahead of China in AI
• Adeoluwa Onaolapo

  Apple Prepares Major Redesign for Next iOS Update 
• Adeoluwa Onaolapo

  CIG Motors Takes Over LagRide, Introduces Salaried Model for Drivers
• Adeoluwa Onaolapo

  Lagos State Unveils MyLagos App to Enhance City Living
• Adeoluwa Onaolapo

  MTN Nigeria to Build New Headquarters in Eko Atlantic
• Adeoluwa Onaolapo

  Intel Names Lip-Bu Tan as New CEO to Lead Turnaround
• Adeoluwa Onaolapo

  Google Unveils Two AI Models for Robotics Applications
• Adeoluwa Onaolapo

  Trump Confirms Talks with Multiple Buyers for TikTok’s U.S. Sale
• Adeoluwa Onaolapo

  Starlink Delays Tariff Hike in Nigeria Amid High Demand
• Adeoluwa Onaolapo

  X Faces Multiple Outages, Users Report Widespread Disruptions
• Adeoluwa Onaolapo

  Nigerian Drivers Take on Uber, Bolt with SimpliRide Launch
• Adeoluwa Onaolapo

  FG Confirms Remita Retained as Nigeria’s Payment Gateway Amid Integration Efforts
• Adeoluwa Onaolapo

  NITDA Warns Nigerian Website Owners of Critical WordPress Vulnerability
• Adeoluwa Onaolapo

  Global Telecom Revenue to Hit $1.3 Trillion by 2028 – PwC Report
• Adeoluwa Onaolapo

  MoMo PSB Faces Challenges as Active Wallets Decline
• Adeoluwa Onaolapo

  Kobo360 co-founder Obi Ozor Looking at Q2 2025 Revival
• Adeoluwa Onaolapo

  84% of MTN Nigeria’s employees earn over ₦1 million monthly
• Adeoluwa Onaolapo

  MTN Nigeria Recovers ₦32 Billion from Banks For USSD Charges
• Adeoluwa Onaolapo

  Nigerian Banks Lose N52.26 Billion to Fraud in 2024 – NIBSS
• Adeoluwa Onaolapo

  Access Bank Customers Face Glitches After Core Banking Upgrade
• Adeoluwa Onaolapo

  Trump Tariffs Threat makes Crypto Market Bleed
• Adeoluwa Onaolapo

  AWS to Implement 21% Tax on Cloud Services in Ghana
• Adeoluwa Onaolapo

  Starlink Becomes Nigeria’s Second-Largest ISP by Subscribers
• Adeoluwa Onaolapo

  Nigeria’s Internet Usage Hits 1 Million Terabytes
• Adeoluwa Onaolapo

  Are Your Noise-Canceling Headphones Affecting Your Hearing and Head?
• Adeoluwa Onaolapo

  Microsoft To Spend $1M on AI Training for 1 Million Nigerians
• Adeoluwa Onaolapo

  iPhone 16e Launched as Most Affordable iPhone 16 Model
• Adeoluwa Onaolapo

  CBN Orders Banks to Cut Insider Loans Within Six Months
• Adeoluwa Onaolapo

  NITDA’s Data Classification Policy to Boost Cloud Adoption, AI Growth
• Adeoluwa Onaolapo

  Nigerians React to CBN’s Increased ATM Withdrawal Charges
• Adeoluwa Onaolapo

  Intreensic Launches to Bridge Africa’s Payments and Fintech Talent Gap
• Adeoluwa Onaolapo

  Google CEO Meets Tinubu to Expand AI Initiatives
• Adeoluwa Onaolapo

  Internet Plans MTN Nigeria’s 50% Tariff Adjustments Affected
• Adeoluwa Onaolapo

  Meta’s Latest Job Cuts Impact Nigerians and African Employees
• Adeoluwa Onaolapo

  Guide to Use Nigerian Immigration Contactless Passport System
• Adeoluwa Onaolapo

  Fincra Appoints Emmanuel Babalola as Chief Commercial and Growth Officer
• Adeoluwa Onaolapo

  Raenest Secures $11M to Expand Cross-Border Payment Solutions
• Adeoluwa Onaolapo

  African Startups Start 2025 Strong with $289M Raised in January
• Adeoluwa Onaolapo

  Saudi Arabia Invests $14.9B in AI, Partners with Tech Giants
• Adeoluwa Onaolapo

  Trade Union Blames Naira Depreciation for Telecom Tariff Hike
• Adeoluwa Onaolapo

  NIBSS Enhances NQR Payment System for Faster, Secure Transactions in Nigeria
• Adeoluwa Onaolapo

  Google Maps Reveals Nigeria’s Top 50 Most Searched Locations
• Adeoluwa Onaolapo

  SeamlessHR Targets Nigeria’s Government Sector for Expansion
• Adeoluwa Onaolapo

  Bento Abruptly Lays Off Tech Team After Salary Protest
• Adeoluwa Onaolapo

  IBM Exits Nigeria and Ghana, Transfers Operations to MIBB
• Adeoluwa Onaolapo

  Nigeria targets 70% internet penetration in 2025 with New Alliance
• Adeoluwa Onaolapo

  Nigeria’s 5G Connections Reach 4 Million, 4G Usage Increases
• Adeoluwa Onaolapo

  OpenAI Introduces Deep Research for Advanced AI-Powered Analysis
• Adeoluwa Onaolapo

  Nigeria’s telecoms industry lost 24.6 million subscribers in 2024
• Adeoluwa Onaolapo

  Moniepoint Develops All-in-One POS
• Adeoluwa Onaolapo

  Nigeria Plans Electricity Tariff Hike for Cost-Reflective Pricing
• Adeoluwa Onaolapo

  CNN Lays Off 200 Staff, Unveils $70m Streaming and Digital Plans
• Adeoluwa Onaolapo

  Bento CEO Steps Down Amid EFCC, LIRS Probes; Surrenders Equity
• Adeoluwa Onaolapo

  Nigeria’s E-Payment Transactions Hit Record N1.07 Quadrillion in 2024
• Adeoluwa Onaolapo

  Nigeria’s 50% Mobile Tariff Hike Could Unlock $150M in Investment, Expand 4G Coverage—GSMA
• Adeoluwa Onaolapo

  Microsoft and OpenAI Investigate DeepSeek Over Possible AI Data Breach
• Adeoluwa Onaolapo

  Chinese satellite beats Elon Musk’s Starlink
• Adeoluwa Onaolapo

  Liang Wenfeng: The Man Behind DeepSeek’s AI Revolution
• Adeoluwa Onaolapo

  OpenAI CEO Sam Altman Reacts to DeepSeek Rapid Rise
• Adeoluwa Onaolapo

  Tech Billionaires Lose $108B as DeepSeek Disrupts AI Market
• Adeoluwa Onaolapo

  DeepSeek Restricts Signups Due to “Malicious Attacks”
• Adeoluwa Onaolapo

  DeepSeek’s Rise Shakes AI and Global Stock Markets
• Adeoluwa Onaolapo

  Chinese AI Startup DeepSeek Overtakes ChatGPT as Top U.S. App
• Adeoluwa Onaolapo

  Visa Invests in Nigerian Fintech Unicorn Moniepoint
• Adeoluwa Onaolapo

  GSMA Says Nigeria Needs $360M to Achieve 98% 4G Coverage
• Adeoluwa Onaolapo

  SeamlessHR’s Bid to Acquire PaidHR Stalls at Informal Talks
• Adeoluwa Onaolapo

  Trump Announces $500B AI Venture with OpenAI, SoftBank, and Oracle
• Adeoluwa Onaolapo

  Telecom Leaders Say Nigeria’s Tariff Hike Not Sufficient
• Adeoluwa Onaolapo

  Netflix Increases Prices as Revenue and Subscribers Surge
• Adeoluwa Onaolapo

  Piggyvest Pays ₦835B in 2024, Total Payout Reaches ₦2 Trillion
• Adeoluwa Onaolapo

  Meta Removes LGBTQ+ Themes from Messenger
• Adeoluwa Onaolapo

  Globacom CEO Ahmad Farroukh Resigns After One Month Amid Internal Challenges
• Adeoluwa Onaolapo

  SeamlessHR Secures $9M Series-A Extension to Drive African Expansion
• Adeoluwa Onaolapo

  Nigerian Cloud Providers Unfazed by AWS’s Naira Payment Move
• Adeoluwa Onaolapo

  TikTok Goes Dark in the U.S. Ahead of Ban, Disappearing from App Stores
• Adeoluwa Onaolapo

  Is This the End for TikTok in the US?
• Adeoluwa Onaolapo

  AWS Now Accepts Naira Payments, Shaking Up Local Cloud Players
• Adeoluwa Onaolapo

  Trump Considering Delaying TikTok Ban To Save It
• Adeoluwa Onaolapo

  Jeff Bezos’ space company, Blue Origin, launches first rocket
• Adeoluwa Onaolapo

  OpenAI Launches “Tasks” for ChatGPT, Competing with Siri and Alexa
• Adeoluwa Onaolapo

  LIRS Embraces Tech to Simplify Tax Compliance
• Adeoluwa Onaolapo

  Samsung Leads as Global Smartphone Market Rebounds in 2024
• Adeoluwa Onaolapo

  Zuckerberg Criticizes Apple’s Rules and Lack of Innovation
• Adeoluwa Onaolapo

  Nigerian Bolt, Uber Drivers Seek Federal Regulation to Curb State Policies
• Adeoluwa Onaolapo

  Content Creators Selling Unused Footage To AI Companies
• Adeoluwa Onaolapo

  AI Could Potentially Cut 200,000 Jobs In Banking Industry
• Adeoluwa Onaolapo

  Elon Musk Says AI Training Has Exhausted All Available Human Data
• Adeoluwa Onaolapo

  X Tests Live Streaming with Elon Musk’s Gaming Broadcast
• Adeoluwa Onaolapo

  Gokada Files for Chapter 11 Bankruptcy Amid Financial Struggles
• Adeoluwa Onaolapo

  Nigerians Face Telecom Price Hike Starting January 10, 2025
• Adeoluwa Onaolapo

  AI Startup Anthropic Eyes $2B Funding, To be Valued at $60B
• Adeoluwa Onaolapo

  Meta to end fact-checking program, shifts to Community Notes
• Adeoluwa Onaolapo

  Kenya Leads Africa in Startup Funding as Nigeria Trails in 2024
• Adeoluwa Onaolapo

  UFC CEO Dana White Joins Meta’s Board of Directors
• Adeoluwa Onaolapo

  Justin Trudeau to Resign as Canada’s Prime Minister and Liberal Party Leader
• Adeoluwa Onaolapo

  Airtel Calls for Tariff Review As Operation Cost Spike by 300%
• Adeoluwa Onaolapo

  OpenAI Losing Money on ChatGPT Pro Plan, Says CEO
• Adeoluwa Onaolapo

  Samsung to Unveil AI-Powered TVs at CES 2025
• Adeoluwa Onaolapo

  ATCON Seeks Local Firms’ Involvement in 90,000km Fibre Project
• Adeoluwa Onaolapo

  African Startups Secure $2.2 Billion in 2024
• Adeoluwa Onaolapo

  MTN Exits Guinea, Sells Operations to Government
• Adeoluwa Onaolapo

  Nigerian Telecom Operators Threaten Service Shutdown
• Adeoluwa Onaolapo

  Starlink to Raise Subscription Prices in Nigeria from January 2025
• Adeoluwa Onaolapo

  MTN renews spectrum lease with NTEL to enhance connectivity across 19 states
• Adeoluwa Onaolapo

  WhatsApp Rolling Out Document Scanning Feature
• Adeoluwa Onaolapo

  CBN and NCC Mandate Banks to Settle ₦212.5 Billion USSD Debt by Year-End
• Adeoluwa Onaolapo

  Apple to Introduce Smart Doorbell Camera with Face ID by 2025
• Adeoluwa Onaolapo

  X Hikes Premium+ Subscription Prices Globally, Nigeria Faces 51% Increase
• Adeoluwa Onaolapo

  YC-Backed Mecho Autotech Lays Off Staff Amid Economic Struggles
• Adeoluwa Onaolapo

  PBR Life Sciences Raises $1M to Revolutionize Healthcare Data in Africa
• Adeoluwa Onaolapo

  Traddify Introduces New Payment Features to Empower Nigerians
• Adeoluwa Onaolapo

  Google Warns 2.5 Billion Gmail Users About Holiday Scam Surge
• Adeoluwa Onaolapo

  Nigeria’s Mobile Subscriptions Rebound with 157.3M Users in October
• Adeoluwa Onaolapo

  NBS Confirms Cyberattack on Official Website
• Adeoluwa Onaolapo

  UNILAG Unveils Solar-Powered Buses and Updated Logo
• Adeoluwa Onaolapo

  DR Congo Sues Apple for Illegal Mining
• Adeoluwa Onaolapo

  “Data is the new oil and lifeblood of the digital economy”– NITDA
• Adeoluwa Onaolapo

  Nigeria’s Juicyway Secures $3 million to solve Cross-Border FX Challenges
• Adeoluwa Onaolapo

  Telegram Blocks 15.4 Million Groups in 2024
• Adeoluwa Onaolapo

  Tizeti To become the first Nigerian startup to list on NGX
• Adeoluwa Onaolapo

  Palmpay Partners with Jumia Allowing Customers Pay Directly From Account
• Adeoluwa Onaolapo

  Nigerian Fintech Billboxx Secures $1.6 Million Pre-Seed Funding
• Adeoluwa Onaolapo

  CBN Fines Fintech Giants Moniepoint and OPay ₦1 Billion
• Adeoluwa Onaolapo

  AI To Influence 94.1% of Global AD Revenue by 2029, Report says
• Adeoluwa Onaolapo

  Infinix Shines at Nigeria Technology Awards 2024
• Adeoluwa Onaolapo

  Oladipo Badru Appointed Acting CEO of Pan African Towers
• Adeoluwa Onaolapo

  Google CEO: Generative AI breakthroughs unlikely in 2025
• Adeoluwa Onaolapo

  “Stop sharing account numbers publicly”- Moniepoint MD
• Adeoluwa Onaolapo

  Bitcoin Surpasses $100,000 Milestone Reaching ATH
• Adeoluwa Onaolapo

  Lagos Building Africa’s Largest Food Logistics Hub to Boost Food Security
• Adeoluwa Onaolapo

  AltSchool Africa Expands to Europe As it Nears Profitability
• Adeoluwa Onaolapo

  Access Bank’s Building New Payment Rail To Connect Africa
• Adeoluwa Onaolapo

  Musk asks U.S. court to block OpenAI’s transition to for-profit
• Adeoluwa Onaolapo

  NDIC Urges AI Integration to Combat Rising Fraud in Nigerian Banks
• Adeoluwa Onaolapo

  CBN to Penalize Banks Over Cash Shortages From Dec 1
• Adeoluwa Onaolapo

  ITU, ICPC launch Submarine Cable Advisory Body co-led by Bosun Tijani
• Adeoluwa Onaolapo

  Starlink Ordered to Stop Services in Namibia Over Licensing Issues
• Adeoluwa Onaolapo

  Over 5.5B Online in 2024, But Digital Divide Remains – ITU
• Adeoluwa Onaolapo

  Paystack Integrates OPay for Seamless Payments
• Adeoluwa Onaolapo

  MTN Nigeria $120m 5G Investment Leads West and Central Africa with Fastest Speed
• Adeoluwa Onaolapo

  GTBank Apologises for 7 Weeks Long Service Disruption 
• Adeoluwa Onaolapo

  Indonesia Rejects Apple’s $100M Proposal Over iPhone 16 Sales Ban
• Adeoluwa Onaolapo

  Union Bank Increases Staff Salaries by 40%
• Adeoluwa Onaolapo

  Starlink Expands Direct-to-Mobile Service to Five More Countries
• Adeoluwa Onaolapo

  NIMC Explains Why Nigerians Must Pay for New Multipurpose ID Cards
• Adeoluwa Onaolapo

  NIMC: 115 Million NINs issued says DG
• Adeoluwa Onaolapo

  Jiji’s Rise: From Zero to $10B in Annual Transactions in Nigeria
• Adeoluwa Onaolapo

  Nearly Half of Nigerian Startups Earn Less Than ₦10M Annually
• Adeoluwa Onaolapo

  Andela Partners with CNCF to Train 20,000 Africans in Cloud-Native Skills
• Adeoluwa Onaolapo

  MTN Nigeria Appoints New CTO and CMO
• Adeoluwa Onaolapo

  Tantalizers’ Online Delivery Sales Plummet in 2024
• Adeoluwa Onaolapo

  Carbon to Resume Card Services After Six-Month Pause
• Adeoluwa Onaolapo

  FG: Two Nigerian Firms Developed Contactless Passport Renewal System
• Adeoluwa Onaolapo

  Nigeria Adds 90,000 to 3 MTT Initiative
• Adeoluwa Onaolapo

  Nigerian healthcare startup MDaas expands to Francophone countries
• Adeoluwa Onaolapo

  Kobo360 Launches HaulSight
• Adeoluwa Onaolapo

  Visa Invests in Four African Startups to Boost Financial Inclusion
• Adeoluwa Onaolapo

  Moniepoint Appoints Bayo Olujobi as CFO of MFB
• Adeoluwa Onaolapo

  Meta’s Threads Reaches 275 Million Monthly Users
• Adeoluwa Onaolapo

  Techstars Lagos Shuts Down After Just 2 Years of Operation
• Adeoluwa Onaolapo

  Kobo360 CEO Ciku Mugambi Resigns A Year After Taking The Role
• Adeoluwa Onaolapo

  OpenAI Adds Search to ChatGPT, Competing With Google and Bing
• Adeoluwa Onaolapo

  Nigeria Establishes Advisory Committee for 3MMT Program
• Adeoluwa Onaolapo

  CBN Orders Banks to Seek Approval for Core Software Changes
• Adeoluwa Onaolapo

  Bamboo Expands to Canada with New Remittance Service
• Adeoluwa Onaolapo

  Indonesia Bans Sale of iPhone 16 Over Apple’s Investment Shortfall
• Adeoluwa Onaolapo

  Globacom Loses 40 Million Subscribers After NCC’s Market Review
• Adeoluwa Onaolapo

  Moniepoint Joins the Unicorn Club with New Funding Round
• Adeoluwa Onaolapo

  Sterling Bank Pitches SEABaaS, its Custom Core Banking Software to Banks and Fintechs
• Adeoluwa Onaolapo

  Nigerian Oil Firm Secures Million Dollar Deal in Grenada
• Adeoluwa Onaolapo

  Starlink Reverses Price Hike in Nigeria After NCC Pushback
• Adeoluwa Onaolapo

  Nvidia Briefly Tops Apple as World’s Most Valuable Company
• Adeoluwa Onaolapo

  Nigeria Plans to Double VAT to 15%
• Adeoluwa Onaolapo

  Supply Chain Financing is the Future of Corporate Liquidity: Here’s Why…
• Adeoluwa Onaolapo

  Leatherback Appoints Toni Campbell as CEO to Accelerate Growth in Delivering Borderless Payment Solutions for All
• Adeoluwa Onaolapo

  OmniRetail Acquires Traction Apps to Expand SME Payment Solutions
• Adeoluwa Onaolapo

  Jeff Bezos-Backed GEAPP Aims to Solve Nigeria’s Power Issues with Solar Mini-Grids
• Adeoluwa Onaolapo

  PaidHR Seeks $1.5M to Scale Cross-Border Payroll Solution
• Adeoluwa Onaolapo

  Ghanaian startup, Aya Data Raises $900K to Expand Operations
• Adeoluwa Onaolapo

  Moove Expands to Mexico as It Eyes Global Growth and Profitability
• Adeoluwa Onaolapo

  Lendsqr Launches ₦1B Credit Line to Boost Lending Businesses
• Adeoluwa Onaolapo

  GTBank Faces Delays in Core Banking Upgrade, Frustrating Customers
• Adeoluwa Onaolapo

  Dyna.Ai Looking to Transform Nigeria’s Financial Market with AI Solutions
• Adeoluwa Onaolapo

  Binance CEO Makes First Appearance Since Arrest
• Adeoluwa Onaolapo

  Chowdeck Looking At Expansion into South Africa, Kenya, and Ivory Coast
• Adeoluwa Onaolapo

  Utiva Becomes the Only Nigerian Startup Selected for Google’s AI-Powered Growth Academy
• Adeoluwa Onaolapo

  Starlink in Hot Water with NCC Over Price Increase
• Adeoluwa Onaolapo

  AI Will Turn Nigeria into an Economic Powerhouse, Says Tech Minister Bosun Tijani
• Adeoluwa Onaolapo

  Okra Joins Nigeria’s Expanding Local Cloud Infrastructure Market
• Adeoluwa Onaolapo

  Nigeria to Launch $1.5 Million Fund for AI Development-Bosun Tijani
• Adeoluwa Onaolapo

  NITDA Issues Urgent Security Warning for Nigerian WordPress Users
• Adeoluwa Onaolapo

  Lagos Secures €120 Million for Waste-to-Energy Project
• Adeoluwa Onaolapo

  Starlink Increases Subscription Prices in Nigeria to #75,000
• Adeoluwa Onaolapo

  China Successfully Tests Ultra-High-Speed Maglev Train at 1,000 km/h 
• Adeoluwa Onaolapo

  [Sponsored] Unlock Exclusive iPhone Benefits in Nigeria: 24-Month Warranty, Free Damage Cover & More
• Adeoluwa Onaolapo

  Safaricom Open to Partnership with Starlink After Initial Resistance
• Adeoluwa Onaolapo

  Showmax Gains $164 Million From Parent Companies MultiChoice and NBCUniversal
• Adeoluwa Onaolapo

  Zenith Bank to Finalise Core Banking Platform Migration in October
• Adeoluwa Onaolapo

  SpaceX Aims for Five Uncrewed Mars Missions in Two Years
• Adeoluwa Onaolapo

  GTCO’s HabariPay Starts Recovery of ₦1.1 Billion in Transfers Mistakenly Sent to Customers
• Adeoluwa Onaolapo

  Xiaomi Overtakes Apple to Become the 2nd Biggest Smartphone Brand Globally in Sales 
• Adeoluwa Onaolapo

  Mr Eazi’s PawaPay Hits 1 Billion Transactions
• Adeoluwa Onaolapo

  Citidata to Build Six Data Centres in Lagos and Ogun States
• Adeoluwa Onaolapo

  Why Nigeria Struggles with Physical NIN ID Cards
• Adeoluwa Onaolapo

  Ecobank Kenya Loses Millions of Dollars Due to Card Flaws Exposed as Fraud
• Adeoluwa Onaolapo

  Nigerian Startup Regfyl Raises $1.1 Million in Pre-Seed Funding
• Adeoluwa Onaolapo

  First Fully Robotic Heart Transplant Performed in Saudi Arabia
• Adeoluwa Onaolapo

  President Tinubu Set to Return to Abuja After Official Visit to China and Stopover in London
• Adeoluwa Onaolapo

  Nigerian Banks Suffer N42.6 Billion Loss to Fraud in Q2 of 2024, Surpassing 2023 Total
• Adeoluwa Onaolapo

  Elon Musk’s SpaceX Launches its 7,000th Starlink Satellite, Owning Two-thirds of Earth’s Satellites
• Adeoluwa Onaolapo

  GTBank Nears Completion of Core Banking Upgrade to Finacle
• Adeoluwa Onaolapo

  Sterling Bank Migrates to Africa’s First Indigenous Core Banking System
• Adeoluwa Onaolapo

  Andela appoints Carrol Chang, ex-Uber Executive, as new CEO
• Adeoluwa Onaolapo

  ChatGPT’s OpenAI strikes deal with Vogue Owner
• Adeoluwa Onaolapo

  Scammers infiltrate Nigerian crypto trading social media groups
• Adeoluwa Onaolapo

  Zone and NIBSS partner to cut POS fraud with blockchain technology
• Adeoluwa Onaolapo

  Nigeria to Begin Crude Oil Sales to Dangote Refinery in Naira by October 2024
• Adeoluwa Onaolapo

  Renew Capital Expands West African Portfolio, Targets Tech-Enabled Startups Across Africa
• Adeoluwa Onaolapo

  Jumia Raises $99.6 Million Through Share Sale to Support Expansion
• Adeoluwa Onaolapo

  Elon Musk’s Starlink Is Building Ground Stations In Lagos, Ogun And Rivers State To Enhance Connectivity
• Adeoluwa Onaolapo

  53 African Startups Shut Down Over the Past Decade as Funding Drops by Nearly 50% in 2023
• Adeoluwa Onaolapo

  Panic Eases After GTBank Clarifies Website Security Rumors
• Adeoluwa Onaolapo

  EFCC’s Twitter Account Vanishes Amidst Threats from Yahoo Boys
• Adeoluwa Onaolapo

  Flutterwave Hack: Court Blocks IGP’s Request to Reverse Allegedly Withdrawn Billions
• Adeoluwa Onaolapo

  Cisco Beats Earnings Expectations, Announces 7% Workforce Cut as Part of Major Restructuring
• Adeoluwa Onaolapo

  African Leaders to Convene in Botswana for 5th Africa Public Sector Conference and Awards
• Adeoluwa Onaolapo

  TikTok Lays Off Employees Across Africa Amid Global Restructuring
• Adeoluwa Onaolapo

  Susan Wojcicki, Former YouTube CEO and Google Pioneer, Dies at 56
• Adeoluwa Onaolapo

  NASA Astronauts Might Be Stuck In Space Till 2025
• Adeoluwa Onaolapo

  TikTok Spotlight: Unleashing Creativity and Community
• Adeoluwa Onaolapo

  Seven Polish Nationals Arrested in Nigeria During Protests
• Adeoluwa Onaolapo

  Federal Judge Rules Google Violated US Antitrust Law
• Adeoluwa Onaolapo

  Shanghai Surgeon Performs Remote Surgery Using 5G Technology
• Adeoluwa Onaolapo

  Nigeria Police Condemn Use of Foreign Flags in Protests
• Adeoluwa Onaolapo

  Binance Faces Tax Evasion Claims in India Amid Efforts to Resume Operations
• Adeoluwa Onaolapo

  Tinubu Postpones FEC Meeting, Meets Security Chiefs Amid Ongoing Protests
• Adeoluwa Onaolapo

  Kamala Harris Secures Nomination for Presidential Ticket
• Adeoluwa Onaolapo

  Nigerian Economy Loses N500 Billion Due To Nationwide Protest
• Adeoluwa Onaolapo

  Over 30 Million Nigerian SIM Cards Not Linked to NIN, Says ALTON President
• Adeoluwa Onaolapo

  WhatsApp’s Future in Nigeria Uncertain Amid Regulatory Disputes
• Adeoluwa Onaolapo

  Mercury’s Exit: Leatherback Offers Alternative for African Startups
• Adeoluwa Onaolapo

  Nigerian Startup, Intron Health, Secures $1.6 Million in Pre-Seed Funding
• Adeoluwa Onaolapo

  Hope PSB Takes Legal Action to Recover ₦6.5 Billion Lost in Cyberattack
• Adeoluwa Onaolapo

  ARCON Withdraws $220 Million Lawsuit Against Meta Platforms
• Adeoluwa Onaolapo

  Nigerian Regulator Fines Meta $220 Million for Data Abuses and Discrimination
• Adeoluwa Onaolapo

  Nigeria Office Downsized as Microsoft Expands in Kenya
• Adeoluwa Onaolapo

  Global Chaos: Microsoft Outage Exposes Vulnerabilities in Cybersecurity
• Adeoluwa Onaolapo

  Google Brings AI To The Olympics
• Adeoluwa Onaolapo

  Nigeria Climbs the Ranks in Worldwide Internet Speed
• Adeoluwa Onaolapo

  MTN Nigeria Builds Largest Data Centre In West Africa
• Adeoluwa Onaolapo

  Lagos Startup Week 2024 Unites With Leading Brands: Flutterwave, Paystack, PressOne, inDrive, and Aurora Tech Award Among Top Partners