Just 12 years into its existence, the Bitcoin network today already processes more dollar value than PayPal, a 23-year-old American digital payments company. Impressive as it is, experts reckon that the network could even outstrip credit card giant Mastercard in the number of dollar transactions value processed, as early as
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Payourse, a blockchain startup based in Lagos, Nigeria, is raising $600,000 in pre-seed funding to scale its products and expand into new markets. Payourse’s goal is to make cryptocurrency more accessible to Africans. Flori Ventures, Olumide Soyombo’s Voltron Capital, and Allegory Capital have joined Michael Ugwu, one of Africa’s largest NFT collectors.
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The Federal Government has set up a Joint Inter-Agency Committee on the public disclosure of the contents of oil, gas and mining contracts in the country. The contracts to be disclosed include the terms and conditions set out in the contracts for exploration and exploitation of Nigeria’s oil and gas assets
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For decades, humans have been building and modifying machine learning models to perform a variety of tasks. But while we’ve been modifying these AI models to suit our needs, the question remains: how are these AIs changing us? A group of researchers in Canada recently sought to explore this relationship between
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After oscillating for about eight months, the country’s teledensity returned to the 100 per cent mark in October. Teledensity is telephone connections per 100 people in a specified geographic area. Teledensity is often used to compare the level of access to voice and data communications services between metropolitan and rural
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The Senate has said the National Carrier project as proposed by the Minister of Aviation is not realistic. The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani disclosed this yesterday in Niger State at the committee retreat. Sani said: “The ministry is not being realistic with his
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Despite the gradual transition to renewable energy, African countries have been warned of the impending economic challenges that may arise from the urgency in decommissioning fossil fuels by 2050. Speaking at the 12th edition of PwC Nigeria’s yearly power and utilities roundtable, a Partner at PwC, Pedro Omontuemhen, said Africa needs
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday assured worried transporters that payment for petrol bridging costs will not cease, despite the nonexistent Petroleum Equalization Fund that hitherto handled it. It said it will continue to honour and process claims for bridging of PMS to ensure product availability
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When wireless researchers or telecom companies talk about future sixth-generation (6G) networks, they're talking mostly about their best guesses and wish lists. There are as yet no widely agreed upon technical standards outlining 6G's frequencies, signal modulations, and waveforms. And yet the economic and political forces that will define 6G
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The Rose of Sharon Chapter of the Redeemed Christian Church of God (RCCG), has rehabilitated and commissioned science laboratories at the State Senior High School, Ikeja, Lagos State. Speaking during the commissioning, the Senior Pastor of Rose of Sharon, Pastor Emeka Obiagwu, noted that the church has bent on partnering and
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