Technology & Innovation

SoftBank-backed digital payments company OPay has withdrawn its planned $304 million initial public offering (IPO) on the New York Stock Exchange (NYSE), citing a regulatory inquiry in a foreign jurisdiction it has not identified. The company announced the decision on October 30, saying it had reached a mutual agreement with its underwriters to terminate the

United Bank for Africa (UBA) has enabled Google Pay for eligible cardholders in Nigeria, allowing customers with supported payment cards to make contactless purchases using compatible smartphones and other devices. The development follows Google’s launch of Google Wallet, including Google Pay, in Nigeria on October 28 UBA announced its integration for eligible Visa and Mastercard users,

MTN Nigeria has attributed the rapid depletion of subscribers’ internet data bundles to activities such as high-definition video streaming, automatic downloads, cloud backups and applications running in the background, rejecting claims that the company deliberately deducts customers’ data. Speaking at a forum titled Data on Trial in Abuja on 26 October, held alongside the 32nd

Honeywell Technologies has announced the launch of a new industrial artificial intelligence platform at the Dangote petroleum refinery in Lekki, Lagos, as the facility pursues greater operational efficiency and a planned expansion of its capacity. The platform, called Forge Plant Cognition, combines industrial expertise with AI capabilities developed using technology from NVIDIA and Dell Technologies.

Governments and businesses have temporarily taken websites offline after researchers uncovered critical security vulnerabilities in PHP, a widely used programming language that powers a large share of the internet. The flaws could allow attackers to execute malicious code on vulnerable servers, potentially exposing sensitive information and compromising digital infrastructure. According to “TheCable“, PHP is used

Super Micro Computer has sharply raised its revenue outlook for the first quarter of its 2027 financial year, citing stronger demand for artificial intelligence platforms and equipment used in data centres. The US based server manufacturer said on October 20 that it expects revenue for the quarter ended September 30, 2026, to reach between $18.5

Qualcomm plans to reduce its workforce worldwide following its annual employee reviews, according to an internal memo from chief executive Cristiano Amon reviewed by Reuters.  The “Reuters report published on 20 October”  said notifications to affected employees are expected to begin in November 2026. The company has not disclosed how many positions will be eliminated, and

A disruption affecting Google Cloud’s London-based infrastructure caused problems for several banks, financial services, and public service providers in the United Kingdom on Tuesday, October 20. The incident affected Google Cloud’s europe west2 region, which serves customers in the UK and Ireland, and resulted in elevated errors and intermittent network failures across multiple services. According to “Reuters“, the disruption affected digital banking services, including those used by Revolut, Halifax and ING Germany. Users also reported issues involving other organisations, including Lloyds Bank, HSBC, Rightmove, delivery company DPD, NHS England, and Royal Mail.