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Revenue: Nigerians To Pay The 7.5% VAT For Surfing Facebook

Personal Tech

The Facebook authority has revealed that Nigerians will commence the payment of 7.5% Value Added Tax (VAT) on all facebook Ads from next year. The social media giant made the disclosure yesterday Thursday saying the charges will only apply to those buying ads for businesses or personal purposes in compliance with VAT implementation in the country.

Tinder Partners Spotify To Launch Music Mode Feature

Personal Tech

Online dating and geosocial networking app, Tinder is partnering advertising and media streaming service, Spotify to launch a new "Music Mode" feature to enable users to judge a potential match by their musical tastes. According to Tinder, the new feature allows users to hear a 30-second looped preview of a potential matches' chosen song while checking their profile, noting that the feature works when a user links their Spotify account and adds a chosen song, called "Anthem" to their Tinder profile.

Twitter Bans Sharing of Private Media Files Without Consent

Personal Tech

Tech giant Twitter under the guidance of Parag Agrawal has stated that the Social-media platform will henceforth remove private media when it is reported by a person depicted or authorized representative.

President Buhari: 5G Technology Would Enhance Security In The Country

Tech Security

President Muhammadu Buhari stated that Fifth Generation (5G) would provide opportunities capable of enhancing the security and economic situation in the country.

How Nigeria Defeated Twitter In Its Own Game

Tech Security

Twitter has agreed to a raft of conditions to end a seven-month ban in Nigeria, in what feels like a big win for President Muhammadu Buhari's administration in its efforts to regulate the internet, some analysts say. Nigeria - Africa's most populous country - now joins the likes of India, Indonesia and Turkey, which tightly regulate social media companies. This is something other African governments are likely to take note of, as they try to prevent the use of social media for mobilising opposition groups.

NCC: USB Drives With RansomWare In Circulation

Tech Security

The Nigerian Communications Commission (NCC) has issued a warning to members of the public that a group involved in cybercrime is delivering ransomware in USB thumb drives to target organizational networks. Ransomware is a type of malware created to encrypt files on a device, rendering any files and the systems that rely on them unusable. Ransom will then be demanded in exchange for decryption.

Jack Dorsey's Payment Company To Build Bitcoin Mining System

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Former Twitter CEO, Jack Dorsey has on Thursday announced that his Fintech startup, Block (formerly known as Square ) is building an open bitcoin mining system, making bitcoin mining easier for miners. “We’re officially building an open bitcoin mining system,” Dorsey said in a Tweet. “If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community,” he added.

BlackBerry OS Devices To Officially Stop Working From January 4

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On January 4th, BlackBerry OS devices will lose the ability to make calls, send SMS, and even dial 9-1-1. BlackBerry OS devices would likely also experience connectivity issues using Wi-Fi and mobile devices that still run its own operating system. BlackBerry phones have been declared dead many times over since falling from the height of their popularity more than a decade ago, but this time the company will finally end service for its legacy devices. BlackBerry tried to reboot itself in 2013 with a new OS, BlackBerry 10 (which failed). Also in 2015 it switched to making Android devices (which also failed). Then, in 2016, it began licensing its brand to third-party manufacturers like TCL. 

MTN Partners Nigerian Creatives On Arts, Culture

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The MTN Foundation, a corporate social investment initiative of MTN Nigeria has announced that it is partnering with Nigerian creatives in arts and culture, supporting youth development in Nigeria. The foundation in a statement explained that it would be supporting three Theater productions during the Yuletide season, between December 23, 2021, and January 3, 2022.

Microsoft Corporation To Buy US Gaming Giant For $69Bn

Exclusives

The tech giant, Microsoft Corporation announced on Tuesday that it was set to purchase US gaming giant Activision Blizzard for a record-breaking sum of $69 billion.

Apple Becomes First Company To Hit $3 trillion Market Cap

Exclusives

Tech giant Apple Inc, trading as AAPL.O on the NASDAQ has on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone. AAPL.O broke the barrier when its share price hit $182.86 before closing at $182.01. The world's most valuable company hit an intraday record high of $182.88 on the first trading day of 2022, putting the company's market value just above $3 trillion. The stock ended the session up 2.5% at $182.01, with Apple's market capitalization at $2.99 trillion.

House of Reps To Probe Bolt, Uber, Others Over Tax Compliance

Exclusives

The Nigerian House of Representatives has announced that it will set up an ad-hoc committee to investigate tax compliance of Information and Communication Technology (ICT_-aided transport tech and ride-hailing companies operating in Nigeria and report back within four weeks for further legislative action. This was disclosed after the adoption of a motion on the Urgent Need to Investigate the Tax Returns of Information and Communication Technology and Transport Companies in Nigeria by Hon. Ganiyu Abiodun Johnson.

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