Author: Akin Naphtal

Coinbase, one of the world’s largest cryptocurrency exchanges, has launched an international cryptocurrency exchange that will allow institutional investors outside of the US to trade in perpetual futures for Bitcoin and Ether. Perpetual futures contracts are a type of investment tool where institutions can make speculative bets on the prices of Bitcoin and Ether at a future date. The new international exchange has received regulatory approval from Bermuda Monetary Authority. READ ALSO:Batelco partners with BMW to introduce eSIM technology in Bahrain for seamless connectivity in vehicles Allied Engineering Group partners with Microsoft and Crayon to offer compliant SWIFT solutions on…

Batelco, a leading telecom company in Bahrain and part of the Beyon Group, has partnered with auto major BMW to bring eSIM technology to the group’s latest models in Bahrain. The partnership will allow for seamless integration between the vehicle and the mobile network, ensuring connectivity at all times, even if the mobile device is left at home. The eSIM is embedded in the vehicle, allowing users to make calls and access the internet without needing a separate mobile device. Additionally, the eSIM is linked directly to the BMW ID of the customer and can be used in any enabled…

Allied Engineering Group (AEG) has partnered with Microsoft and Crayon to offer financial service institutions (FSIs) tailored and compliant solutions as they move their SWIFT infrastructure to the cloud. As part of the collaboration, AEG will make 10 of its SWIFT-related proprietary solutions available on Azure Marketplace, extending them as a managed service to MEA-based FSIs. The move will provide banks with the flexibility, scalability and security needed to migrate their SWIFT infrastructure while ensuring compliance with SWIFT CSCF regulations and guidelines. READ ALSO:Al Ahli Bank of Kuwait partners with Gulf Business Machines to implement GBM Shield cybersecurity platform Stake…

Metaverse Magna (MVM) has announced the appointment of Yemi Johnson as its new CEO, succeeding Yele Bademosi, the founder of MVM, who will now serve on the company’s board. Johnson, previously General Manager (GM) of MVM, joined the company after serving as SVP of Consumer Business at Reliance and COO of Hotels.ng. During his tenure as GM, he oversaw a successful pivot and drove the company’s highest revenue months. With his new role, Johnson is set to lead MVM towards a brighter future. In 2021, during the booming crypto market, Metaverse Magna (MVM) established itself as a prominent play-to-earn (P2E)…

Samsung Electronics flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported a record loss on Thursday, driven by weak demand for tech devices. A global downturn in semiconductor purchases amid an economic slowdown and weak customer spending sent chip prices plummeting in the first quarter, triggering production cuts across the sector. Samsung said its chip business would focus on high-capacity server and mobile products “based on expectations of a gradual market recovery and a rebound in global demand” in the second half. For the current quarter, Samsung said it expected limited…

Creditswitch Limited has announced its plan to deploy more financial technology innovations to communities in Africa as part of its vision of disrupting the global market. Speaking at the celebration of its 10th anniversary in Lagos, the Director, of Creditswitch, Akin Naphtha, said the firm has emerged a force to reckon with in disrupting the market with its innovative products in the country. He said with financial technology disrupting the global landscape, the firm’s strategies have enabled it to thrive in Nigeria. Naphtha disclosed that the firm was moving to establish its presence across Africa with its several innovative products.…

Interswitch Group, has announced a partnership with Kenyan lender, Credit Bank, the International Fund for Agricultural Development (IFAD) and Ria Money Transfer. The partnership will facilitate the provision of diaspora cash remittance services to rural recipients in Kenya through the Savings and Credit Cooperative Society (SACCOs). According to the company, the program; tagged the Affordable Remittances and Enhanced Financial Inclusion Programme, the initiative will enable unbanked rural remittance receivers to access formal banking services through a basic and transparent bank account and see Interswitch and its partners collaboratively train and build capacity for over 1,350 SACCO members. Credit Bank projects…

The Nigerian Communications Commission (NCC) has said it is not the regulator of the contents of the social media networks that many stakeholders have complained about. The submission came during a recent visit of the National Civil Society Council of Nigeria (NCSCN), led by its executive secretary, Blessing Akinsolotu, who sought the intervention of the Commission on the worrisome and misleading content of social media platforms. “We know that NCC, as the regulator of the telecoms industry, has greater role to play in helping to curb the spread of fake news and incendiary contents that Internet users put on social…

The Nigerian Communications Commission (NCC) has announced the commencement of the training of another batch of 600 youths in ICT to make them relevant in the new digital age. According to the Commission, this is contained in a statement issued to the media this week in Ibadan. The two-week-long training, under the Digital Literacy and skills, would commence simultaneously in Ibadan, Lagos, Ilorin, Abuja, and 12 other centres nationwide. The package for the training includes free accommodation and feeding of participants, provision of free laptops, computers, mobile mifi internet devices with three months subscriptions, training materials, and training certificates to…

The CMA has prevented Microsoft’s proposed purchase of Activision over concerns the deal would alter the future of the fast-growing cloud gaming market, leading to reduced innovation and less choice for UK gamers over the years to come. The final decision to prevent the deal comes after Microsoft’s proposed solution failed to effectively address the concerns in the cloud gaming sector, outlined in the Competition and Markets Authority’s (CMA) provisional findings published in February. Microsoft entered into a $68.7 billion deal to buy Activision, one of the most popular video games publishers in the world, in January 2022. The CMA…