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Business News

Top Tech Stories for the week ended June 8th 2018

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Welcome to the maiden edition of Nairametrics’ tech news roundup. This is a weekly compilation of all the main tech events and activities that made news within the week.

This column is specially designed for investors in Nigeria’s ever-growing tech ecosystem, as well as enthusiasts of all things tech.

To have this emailed to you every week, ensure to subscribe to our Newsletter and follow us on all social media platforms.

We love feedback. So do send them coming.


We begin with the latest about  Linda Ikeji TV (LITV), the much-anticipated online streaming service that finally launched, yesterday.

Linda Ikeji, the leading Nigerian female Techpreneur and owner of the platform, Linda Ikeji’s Blog, tweeted on Thursday, June 7th, that “Linda Ikeji TV debuts tomorrow June 8th at 12 noon! Finally!”

LITV will be the live TV arm of Linda’s growing online media empire which is adjudged one of the biggest in Africa and the world at large. The platform has, over the months, been uploading its contents on YouTube. But it will now go live, taking on the likes of IrokoTV in a competition that will definitely be interesting to watch.

The online TV platform was originally scheduled to be launched on June 1st but was pushed in order to sort out some issues. The platform will feature lots of reality shows, cooking shows and movies.


Glo and 9mobile are losing their subscribers

The Nigerian Communications Commission (NCC) reported this week that Globacom and 9mobile are losing their internet mobile subscribers, even as their competitors (MTN and Airtel) continue to gain more. Globacom and 9mobile lost a combined total of 471,782 subscribers in April 2018, while MTN and Airtel gained 718,803 and 366,254 new subscribers, respectively.

According to the NCC subscriber operator data report, Nigeria’s active mobile telephone users increased to 160 million in April, with internet users reaching 101.2 million in the same period, up from 100 million in March.

The reported increase in the number of mobile telephone lines (a total of 160,081,051) marked a 107.5% increase, up from 148,854,338 recorded in March.


Edo State Government all set to launch state-backed innovation hub

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The Edo State Government has announced that it will launch a state-backed innovation hub on June 14th, 2018. The hub, which will be named Edo Innovation Hub, is a partnership between the State Government and the following technology companies: Siemens, Microsoft, Tech4Dev, Impact Hub, Curators University, and Hotels.NG. It will be located at the Institute of Continuing Education (ICE) in Benin.

Edo State Governor, Godwin Obaseki, said that the Hub will offer incubation and pre-incubation programmes, acceleration programmes, business clinics and co-working facilities.

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The hub will be equipped with computers and supported with high-speed internet connectivity.


Facebook said that a software bug was responsible for its latest privacy disaster

The software bug had supposedly led to the public revelation of posts belonging to as many as 14 million users. The privacy glitch happened in May; the alleged bug was said to have been active for ten days. During this time, millions of Facebook posts were automatically made ‘public’ without users’ consent.

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Facebook has since fixed the problem. A statement released by the company’s Chief Privacy Officer, Erin Egan, said that “this bug did not impact anything people had posted before – and they could still choose their audience just as they always have.”


You can now enjoy one hour-long video on Instagram

Instagram users can now share one hour-long video on their pages. The company hopes that this new feature will allow for more creative flexibility, as it positions itself to effectively compete with YouTube.

The move is, however, a tentative one as Instagram “could ultimately decide against radically extending the maximum running time of videos on its platform.”

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You may well know that the platform is currently limited to have only 60 seconds-long videos.


Africa Development Bank partnered Facebook, the Rockefeller Foundation and Microsoft to launch a coding employment programme that is aimed at empowering as much as 50 million youth innovators across Africa. 

The initiative, which was recently launched at the African Innovation Summit in the Rwandan capital, Kigali, is expected to ultimately create about 25 million jobs across sectors in the next seven years.


Microsoft is partnering with First Bank to empower SMEs in Nigeria.

The companies announced that they will work together towards creating a favourable environment for entrepreneurs in Nigeria to do business and excel. According to a Memorandum of Understanding signed by the companies, the partnership will, among other things ensure that SMEs can access value-added products/services, business support services, access to premium content, business networks, and capacity building.


Facebook announced “follow up programme” for upcoming gaming creators.

The initiative is specifically targeted at gamers who are establishing their online communities on Facebook.

With the “follow up programme”, gaming creators will not only be availed the opportunity to access live streaming features, they will also have the opportunity to earn money.


FirstBank has joined forces with Europe-based digital money transfer service WorldRemit for instant money transfers to all First Bank accounts in Nigeria.

The new strategic partnership considerably expands WorldRemit’s footprint in the country and allows its customers in over 50 countries to send money to First Bank accounts directly from their phones. The deal supports WorldRemit’s plan to serve 10 million customers connected to emerging markets by 2020.

Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs.He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor.Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan.If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

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Coronavirus

COVID-19 Update in Nigeria

On the 7th of March 2021, 269 new confirmed cases and 5 deaths were recorded in Nigeria

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Covid 19 update symptops

The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record significant increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 158,506 confirmed cases.

On the 7th of March 2021, 269 new confirmed cases and 5 deaths were recorded in Nigeria.

To date, 158,506 cases have been confirmed, 137,875 cases have been discharged and 1,969 deaths have been recorded in 36 states and the Federal Capital Territory.

A total of 1.54 million tests have been carried out as of March 7th, 2021 compared to 1.49 million tests a day earlier.

COVID-19 Case Updates- 7th March 2021,

  • Total Number of Cases – 158,506
  • Total Number Discharged – 137,890
  • Total Deaths – 1,969
  • Total Tests Carried out – 1,544,008

According to the NCDC, the 269 new cases are reported from 19 states- Enugu (78), Bauchi (37), Rivers (22), Imo (18), Ogun (16), FCT (15), Akwa Ibom (13), Kaduna (13), Kebbi (11), Kwara (9), Edo(7), Ekiti (6), Borno (5), Yobe(5), Kano (4) Nasarawa (3), Osun (3), Anambra (2) and Plateau (2).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 56,444, followed by Abuja (19,350), Plateau (8,944), Kaduna (8,658),  Oyo (6,766), Rivers (6,680), Edo (4,670), Ogun (4,437), Kano (3,844), Ondo (3,066), Kwara (2,962), Delta (2,582), Osun (2,457), Nasarawa (2,251), Enugu (2,156), Katsina (2,060), Gombe (2,010), Ebonyi (1,951), Anambra (1,813), Akwa Ibom (1,610), and Abia (1,588).

Imo State has recorded 1,569 cases, Borno (1,308), Bauchi (1,274), Benue (1,188), Adamawa (942), Niger (919), Taraba (863), Ekiti (834), Bayelsa (779), Sokoto (769), Jigawa (496), Kebbi (412), Cross River (334), Yobe (293), Zamfara (222), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

Governor Babajide Sanwo-Olu of Lagos State announced the closed down of the Eti-Osa Isolation Centre, with effect from Friday, 31st July 2020. He also mentioned that the Agidingbi Isolation Centre would also be closed and the patients relocated to a large capacity centre.

Due to the increased number of covid-19 cases in Nigeria, the Nigerian government ordered the reopening of Isolation and treatment centres in the country on Thursday, 10th December 2020.

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On 26th January 2021, the Federal Government announced the extension of the guidelines of phase 3 of the eased lockdown by one month following the rising cases of the coronavirus disease in the country and the expiration of phase 3 of the eased lockdown.

On 28th February 2021, the federal government confirmed that the first tranche of Covid-19 vaccines will arrive in Nigeria on Tuesday, March 2nd, 2021.

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On Tuesday, 2nd March 2021, the National Primary health Care Development Agency announced the arrival of the expected COVX Astrazeneca/Oxford covid-19 vaccines.

On Saturday, 6th March 2021, President Muhammadu Buhari and his vice, Yemi Osinbajo received vaccination against the covid-19 as the State House in Abuja.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous

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Tech News

Twitter CEO auctions his first-ever tweet on Twitter, bidding at $2.5 million

Jack Dorsey is auctioning his first-ever tweet on a website that sells tweets as non-fungible tokens.

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Square buys $50 million worth of Bitcoins, Twitter warns political figures to abstain from fake, misleading statements, Has Twitter's Jack Dorsey changed the popular narrative attached to Nigerians?, Twitter forecasts future drop in revenue after milestone record in 2019 Q4 , Twitter founder, Jack Dorsey invest N2.3 million in Nigerian startup, DevCareer , Some Verified accounts may not be able to tweet, as Twitter freezes password reset to address cyberattack

Twitter CEO, Jack Dorsey is auctioning his first-ever tweet on Twitter “just setting up my twttr” on a website that sells tweets as non-fungible tokens (NFTs).

The tweet was listed for sale on ‘Valuables by Cent’ – a tweets marketplace that was launched three months ago. The tweet was first made in March 2006

The tweet received offers as high as $88,888.88 within minutes of Jack tweeting a link to the listing on” Valuables by Cent” on Friday.

Currently, bidding has reached $2.5 million (€2.1 million) indicating the potential in selling virtual objects that have been authenticated through blockchain technology.

The highest bid for the tweet — $2.5 million — came from Bridge Oracle CEO Sina Estavi. It topped cryptocurrency pioneer, Justin Sun’s $2 million bid.

The final buyer of the tweet will receive a certificate, digitally signed and verified by Jack Dorsey, as well as the metadata of the original tweet. The data will include information such as the time the tweet was posted and its text contents. Most of this information, however, is already publicly available.

According to Valuables by Cent’s terms, 95% of a tweet’s sale will go to the original creator while the remainder will go to the website.

What you should know

  • NFTs is a unique digital certificate that states who owns a photo, video, or other forms of online media.
  • Dorsey’s 15-year-old tweet is one of the most famous tweets ever on the platform.
  • Bidding had reached $2.5 million (€2.1 million) on Saturday, indicating the potential in selling virtual objects that have been authenticated through blockchain technology.
  • More people are currently bidding their tweets on the platform.

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