Dr. Stanley Jacob, President of the Fintech Association of Nigeria (FintechNGR), has affirmed that local fintech companies continue to perform strongly even as global venture capital slows. Speaking on Arise TV, he urged fintechs to pivot from offering free services to focusing on profitability—a move he believes essential for long-term survival amid a tightening funding environment
Saudi Arabia has formally kicked off its inaugural pilot of fully autonomous taxis in Riyadh, marking a major stride toward realising AI‑driven urban mobility under its Vision 2030 reforms. The initiative began on July 23, 2025, with Level‑4 robotaxis deployed across seven strategic locations such as King Khalid International Airport (Terminals 2 and 5), Princess Nourah Bint Abdulrahman
July 22, 2025 In a remarkable display of intellectual prowess, human contestants have outperformed artificial intelligence at one of the world’s most elite mathematics contests — the International Mathematical Olympiad (IMO). This milestone reaffirms the enduring excellence of human reasoning and problem-solving abilities, even in an era increasingly dominated by advanced algorithms and machine learning.
News Report – July 21, 2025:The Federal Government has officially announced the 2025 edition of the Build-A-Thon Holiday Camp, a nationwide initiative aimed at equipping Nigerian children with practical technology and innovation skills during the school break. The programme, which is being coordinated by the Federal Ministry of Communications, Innovation and Digital Economy, is designed
Lagos, July 19, 2025 — The Manufacturers Association of Nigeria (MAN) has emphasised the urgent need for the country to focus on developing and adopting local manufacturing technologies to reduce its heavy reliance on imported machinery and foreign innovations. Speaking in Lagos, the leadership of MAN stressed that strengthening indigenous technology will not only boost
Lagos, July 18, 2025 – Standard Chartered Bank Nigeria Limited, in collaboration with Village Capital and the Enterprise Development Centre (EDC), has announced the top 10 finalists selected to progress into Cohort 6 of its Futuremakers Women in Technology (WIT) Incubator Programme. The announcement marks a significant step forward in the bank’s ongoing commitment to
FirstBank has unveiled an advanced facial biometric solution on its FirstMobile app, designed to strengthen security and simplify user onboarding for Nigerians and diaspora customers alike. The new feature allows customers to register and activate the app using facial recognition, supported by anti‑spoof detection to guard against identity fraud The upgrade is especially helpful for
Renowned business leader and technology advocate, Niyi Yusuf, has called on stakeholders in Nigeria’s financial sector to take the lead in fostering a future where artificial intelligence (AI) is deployed responsibly and inclusively. Speaking at a recent industry forum focused on digital transformation and innovation, Yusuf emphasised the need for financial institutions to go beyond
In a strategic move to deepen its footprint in the fast-evolving world of artificial intelligence, tech giant Meta has officially acquired Play AI, a promising startup renowned for its cutting-edge voice technology solutions. The acquisition, which underscores Meta’s growing interest in audio innovation, is aimed at enhancing the company’s capabilities in producing intelligent and immersive
Abuja, July 11, 2025 — As Nigerian banks increasingly adopt artificial intelligence (AI) to enhance financial services, experts have raised concerns over regulatory gaps, data privacy, and the potential exclusion of vulnerable customers. The rapid integration of AI-driven solutions such as chatbots, fraud detection systems, and credit scoring algorithms has sparked optimism within the financial
