Nigeria’s Project BRIDGE has secured a $100million investment from the Board of the European Bank for Reconstruction and Development (EBRD) and another a €22 million grant from European Union Digital Economy Package of €45 million. Minister of Communication, Innovation and Digital Economy, Dr Bosun Tijani, disclosed this via his X handle @bosuntijani. He wrote: “As…
The relationship between Artificial Intelligence (AI) and energy has become entirely inseparable, acting as both a critical dependency and a transformative catalyst for a sustainable future. As AI workloads grow, energy is no longer just an operational input but a defining constraint that is driving major investments in, and reorganization of, power infrastructure, a global…
General Magic has announced a $7.2million seed funding round led by Radical Ventures, with significant participation from a16z Speedrun and new investment from Figma VP of Product Brendan O’Driscoll and Larry James Erwin from OpenAI. The company has raised $8.4million to date, backed by Radical Ventures, a16z Speedrun, and Comma Capital, along with operators who…
Put next to the global rebound (+46per cent), that can look underwhelming. But the global number is a very distorted benchmark because it is overwhelmingly a US story. Indeed, equity funding in the US grew 66per cent YoY and accounted for roughly 70per cent of the global tally. So when US mega-rounds accelerate, ‘global funding’…
President Bola Tinubu is alleged to have sacked Kayode Egbetokun as the 22nd Inspector-General of Police. According to a Police Service Commission (PSC) source, Egbetokun is expected to be replaced by Tunji Disu, an Assistant Inspector-General of Police recently posted to oversee the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos. The source disclosed that…
African statesman and former Nigeria President, Chief Olusegun Obasanjo, on Sunday night, joined several distinguished Nigerians including Mr Sam Amuka, media icon and Publisher of Vanguard newspaper, to pray for Leo Stan Ekeh, Chairman of Zinox Group, on his 70th birthday. Obasanjo who graced the thanksgiving meeting with his wife among other dignitaries prayed for…
The Federal High Court in Ado-Ekiti has been asked to compel the senator representing Ekiti South Senatorial District, Sen Adeyemi Raphael Adaramodu to disclose details of their constituency funds, projects and budgetary allocations. The suit was instituted by Adekunle Esan, a former governorship aspirant and indigene of Ilawe Ekiti in Ekiti South West Local Government…
Africa’s leading manufacturer of trusted technology solutions, Zinox Technologies and Africa’s largest technology and lifestyle distribution powerhouse, TD Africa, have sealed a strategic deal to revolutionise the continent’s tech ecosystem. The deal was sealed on Friday at an exclusive press conference attended by industry journalists, key stakeholders, and partners from both organizations. The event, held…
President Bola Tinubu has congratulated Mr Leo Stan Ekeh, Founder and Chairman of Zinox Group, on his 70th birthday on February 22, describing him as “one of Nigeria’s pioneering innovators in the information technology sector.” A statement by Mr. Bayo Onanuga, Special Adviser to the President (Information & Strategy) noted that the President recalled the…
