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Nigeria loses N1.52 trillion annually due to the maintenance of foreign aircraft

Overseas maintenance of commercial airplanes operating in the country currently costs Nigeria at least $2.5 billion or N1.52 trillion $1N608 in capita

Overseas maintenance of commercial airplanes operating in the country currently costs Nigeria at least $2.5 billion or N1.52 trillion $1N608 in capital flight yearly. Yesterday in Abuja, at the maiden edition of the Federal Airports Authority of Nigeria FAAN National Aviation Conference, the Managing Director of FAAN, Capt. Rabiu Yadudu, said such capital flight could have been avoided if the country had adequate MRO facilities. Minister of Aviation, Hadi Sirika, disclosed that President Muhammadu Buhari would soon sign law to pass Civil Aviation Bill. After the bill passed, President Sirik promised that Nigeria’s aviation sector would grow rapidly. Read More..

B2B Tech News | 2 years ago          

As executives prepare for a recession and crypto winter, Coinbase has laid off 18% of its workers.

Coinbases shares are down 79% this year and 85% from the alltime high. The stock went public via a direct listing last April. Earlier this year, the c

Coinbases shares are down 79% this year and 85% from the alltime high. The stock went public via a direct listing last April. Earlier this year, the company said it planned to add 2,000 jobs across product, engineering, and design. Coinbase intends that this is a onetime event, Choi said. The company has $6 billion of cash on its balance sheet record. Coinbase cofounder Jess Choi says the company will power through any macroenvironment, despite recent employee unrest. Last week, a petition posted to a decentralized publishing platform called for the removal and vote of no confidence regarding several Coinbase executives. Armstrong urged employees to quit if they dont believe in the company. The companys COO says the company has a very deep conviction in the longterm value of the stock for its employees and customers. Read More..

B2B Tech News | 2 years ago          

The alpha test for Netmarbles battle royale game HypeSquad on steam begins today.

Gamers can join the alpha test starting today through June 20 on Steam. HypeSquad is Netmarbles Battle Royale TPS for Windows PC. During the Alpha tes

Gamers can join the alpha test starting today through June 20 on Steam. HypeSquad is Netmarbles Battle Royale TPS for Windows PC. During the Alpha test phase, players can be able to try out two different game modes Survival and Conquest. The game features a diverse cast of characters, every with a background and motivations. And an assortment of unique melee and ranged options that players can choose for multiple weapon combinations.Gamers will join the alpha test starting today through June 20 on Steam. Read More..

B2B Tech News | 2 years ago          

Microsoft will retire the original Internet Explorer on Wednesday, marking the end of an era.

Internet Explorer will be retired on Wednesday, 27 years after Microsoft first debuted the browser. Users can instead be directed to the companys more

Internet Explorer will be retired on Wednesday, 27 years after Microsoft first debuted the browser. Users can instead be directed to the companys more recent browser Microsoft Edge. The move drew emotions across numerous social media platforms Tuesday. Internet Explorer had been the goto browser on Windows PCs for years before rivals like Mozillas Firefox and Googles Chrome snagged users. Its time to tell your nan to stop using it now, @Simulator_Radio posted on Twitter. As of December 2021, Microsofts Edge browser had a United States market share of 5.92 percent, according to statista.com. Read More..

B2B Tech News | 2 years ago          

Tiger global leads a $40 million series a funding round for groyyo.

Groyyo is a supply chain enablement company helping SME manufacturers in the fashion and lifestyle categories across South Asia. The funds will be uti

Groyyo is a supply chain enablement company helping SME manufacturers in the fashion and lifestyle categories across South Asia. The funds will be utilized to scale the team across manufacturing clusters in India and Bangladesh and essential demand belts in the United States and European Union. Groyyo has already supported over 400 producers across 150 product categories by maximizing their manufacturing potential within just 11 months of being operational. Read More..

B2B Tech News | 2 years ago          

Nigeria is preparing 5G technology for the digital economy

Significant success in trying to expand Nigerias national digital economy this is disclosed by the Executive Vice Chairman and Chief Executive Officer

Significant success in trying to expand Nigerias national digital economy this is disclosed by the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission NCC, Prof. Umar Garba Danbatta, in his keynote address at the 2022 Nigeria DigitalSENSE Forum. He said NCC had successfully licensed two lots of 100 MHz bandwidth in the 3.5 GHz Spectrum band for 5G deployment in December 2021. Equally speaking, the DirectorGeneral of the National Broadcasting Commission NBC, Mallam Balarabe Musa, said that digital technology users around the world has improved. Read More..

B2B Tech News | 2 years ago          

Softbank vision fund2 is backed by softbank. To build on 4x revenue growth, kigen appoints a coo and strengthens india leadership.

Kigen is the global pioneer of eSIM & iSIM technology for Internet of Things manufacturers. Stephen Halpenny, appointed as Kigens COO, will support th

Kigen is the global pioneer of eSIM & iSIM technology for Internet of Things manufacturers. Stephen Halpenny, appointed as Kigens COO, will support the worldwide growth of Kigen. Will spearhead key customer success center of excellence in Belfast and Noida, India. Kigen has seen 350% growth in the adoption of its eSIM OS for energyefficient and batteryreliant connected devices. Counterpoint Researchs eSIM Competitive, Ranking & Evaluation Report for 2021 has ranked Kigen in fourth place in its cohesive global ranking of eSIM enablement leaders. Read More..

B2B Tech News | 2 years ago          

Chinese investment restrictions gain momentum in talks with US lawmakers

A bipartisan group of U.S. lawmakers stated that they had agreed on a proposal to give the government sweeping new powers to block billions in investm

A bipartisan group of U.S. lawmakers stated that they had agreed on a proposal to give the government sweeping new powers to block billions in investment into China. News of the provision, part of legislation that aims to boost U.S competitiveness and grant chipmakers $52 billion to expand operations, drew opposition from China. The measure is part of a broader bill with an unpredictable future. The draft legislation, which captures fewer investments than the original version, stirred opposition from critics who said it would harm American competitiveness. Foreign ministry spokesman says China opposes how the U.S.overgeneralised the concept of national security and carried out funding reviews. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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