Nigeria’s Broadband Penetration Reaches 48.81% in May 2025—Still Far from 70% National Target
Nigeria’s broadband penetration increased marginally to 48.81% in May 2025, up from 48.15% in April, according to the latest data from the Nigerian Communications Commission (NCC).
Meta CEO Mark Zuckerberg Faces $8 Billion Trial Over Facebook Privacy Violations
Mark Zuckerberg, CEO of Meta Platforms, is set to appear as a key witness in a high-profile $8 billion trial this week. Investors are suing Zuckerberg and other Meta leaders, accusing them of allowing Facebook to operate as an illegal enterprise by violating user privacy agreements and enabling the unauthorised harvesting of user data.
Google-Backed Coalition Invests $1.7 Million to Scale Ocean and Rock Carbon Removal Technologies
A Google-backed coalition called Frontier, along with tech heavyweights like Stripe, Shopify, JPMorgan Chase, Salesforce, and H&M Group, has announced a $1.7 million investment aimed at purchasing carbon removal credits from three early-stage companies.
Crypto Industry Moves Closer to Mainstream as U.S. Congress Advances Key Bills
The crypto industry in the United States is on the brink of a breakthrough as several pro-crypto bills are expected to pass through Congress this week, potentially integrating digital assets deeper into traditional finance.
Climate Change Puts Global Data Centres at Risk of Billions in Damages, XDI Report Warns
Data centres — the critical infrastructure behind the world’s digital economy — face mounting risks from climate change, according to a new report by the Cross Dependency Initiative (XDI).
Experts Urge Caution as Nigerian Banks Deploy AI to Transform Financial Services
As Nigerian banks accelerate the adoption of Artificial Intelligence (AI) to enhance customer experience and streamline operations, financial experts are calling for a balanced approach that prioritises trust, transparency, and local relevance.
TruQ Co-founder Williams Fatayo Resigns as CEO, Citing Leadership Disagreements
Nigerian logistics startup TruQ has announced a major leadership change, as co-founder and CEO Williams Fatayo steps down from his executive role
Nigeria’s Data Consumption Hits 1.04 Million Terabytes in May 2025 Despite Internet Subscription Decline
Nigeria’s telecom sector witnessed a surge in data usage in May 2025, with total data consumption hitting 1.04 million terabytes, the highest monthly figure ever recorded since January 2023, according to the Nigerian Communications Commission (NCC).
Broadcom Cancels Microchip Plant Investment in Spain, Impacting Country’s Semiconductor Growth Plans
Broadcom Inc. has reportedly withdrawn from plans to invest in a large-scale microchip plant in Spain, dealing a significant setback to Spain’s ambition to become a key player in Europe’s semiconductor industry.
Elon Musk Rejects Tesla and xAI Merger, Clarifies Position on AI Investment
Elon Musk has publicly stated that he does not support a merger between Tesla and xAI, his artificial intelligence startup known for developing the Grok chatbot.
