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Policy and Tech

Nigeria’s SEC set to stamp out Ponzi and pyramid schemes in 2025

In its efforts to revamp Nigeria’s commodities market, the Securities and Exchange Commission (SEC) has vowed to eradicate Ponzi and Pyramid schemes in 2025. In…

By: IBK

Malaysia orders Facebook, TikTok, X, Telegram and others to obtain licences in 2025

The Malaysian Government has announced that social media and online messaging platforms will be required to obtain a license in 2025. The development is coming…

By: IBK

OpenAI fined 15 million euros for using personal data to train ChatGPT 

The Italian Data Protection Authority (Garante per la protezione dei dati personali, GPDP) has fined ChatGPT maker, OpenAI 15 million euros after closing an investigation…

By: IBK

Inside the UK’s plan to build Open AI’s rival and become global AI leader

The UK’s lofty AI plans face several serious challenges…

By: Emeka Nwachukwu

Ghana elections: Nigeria is an example of how not to use the BVAS – analyst

The Ghana elections were powered by a relatively new piece of technology called the biometric verification device (BVD)…

By: IBK

POS registration: Has CAC enforced its deadline or was it just another media announcement?

Nigeria’s Corporate Affairs Commission (CAC) issued a directive to POS operators in the country in May 2024 to register their businesses with the agency….

By: IBK

Microsoft faces £1 billion UK lawsuit for allegedly overcharging rival cloud services customers 

Microsoft is facing a £1 billion lawsuit in the UK over allegations of anti-competitive pricing practices in its cloud computing services….

By: IBK

Federal Government projects N800bn electronic money transfer tax revenue by 2027

The Federal Government of Nigeria has projected a revenue of N230 billion on the Electronic Money Transfer Levy (EMTL) in 2025….

By: IBK

Indian news agency sues OpenAI for content copyright violation, seeks $236,910 damages 

Asian News International (ANI), one of India’s largest news agencies, has filed a lawsuit against OpenAI, alleging unauthorized use and storage of its copyrighted content…

By: IBK

ESET responds to EFCC’s arrest of 792 cryptocurrency fraud suspects in Lagos

During the raid, the EFCC seized computers, mobile phones, and vehicles…

By: IBK

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