TECHNOLOGY

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How to Prevent Credit Card Fraud

How to Prevent Credit Card Fraud

GENERAL NEWS, TECHNOLOGY
Insurance fraud happens when an individual or a group of persons make an insurance claim that is not true or files a claim for more than the value of the goods that was actually lost, stolen or destroyed. Fraudulent claims affect the cost of everyone’s insurance. The Canadian Coalition Against Insurance Fraud has an estimate that $1.3 billion worth of insurance claims which are paid in Canada every year are fraudulent. This works out to ten-fifteen percent of every dollar you pay for insurance. (more…)
An off-grid solar firm in Nigeria has raised over ₦43 billion in funding

An off-grid solar firm in Nigeria has raised over ₦43 billion in funding

TECHNOLOGY
Lumos Global, an off-grid solar firm operating in Nigeria has raised $90 million in investment, to expand operations into other countries.  Lumos Global’s innovative solar system provides affordable and accessible renewable electricity in communities that have limited or non-existent electricity access. In partnership with MTN Nigeria, Lumos Global grants customers access to electricity for less than ₦240 a day, using airtime. The investment comprises of a $50 million debt funding from Overseas Private Investment Corporation (OPIC) and a $40 million equity funding led by Pembani Remgro Infrastructure Fund (PRIF) and existing investors. “In Nigeria, only half the population is connected to the grid, and only 25% of the population has access to a regular supply of electricity. OPIC’s com
NAIRA BILLING IN APPLE STORE DOESN’T REALLY SEEM TO BE WORKING

NAIRA BILLING IN APPLE STORE DOESN’T REALLY SEEM TO BE WORKING

TECHNOLOGY
Apple has been all over the news this week. On Monday, we broke news of the company switching on Naira payment option for its subscribers in Nigeria. Then yesterday, they released some interesting statistics about Apple Music. Through a publication on Billboard, the tech giant revealed that it has over 20 million paid subscribers on its one-and-a-half year-old streaming service, Apple Music. (more…)
Mark Zuckerberg Invests $3 Billion to Scientific Research to Cure and Prevent Diseases in Children Around The Globe

Mark Zuckerberg Invests $3 Billion to Scientific Research to Cure and Prevent Diseases in Children Around The Globe

TECHNOLOGY
Mark Zuckerberg,the CEO and  Co-Founder of Facebook and his wife Priscilla through their philanthropic organization;  Chan Zuckerberg Initiative announced yesterday the setting up of Chan Zuckerberg Science which is a partnership that connects software engineers, physicists, scientists, researchers together to collaborate,share data,build tools to help cure,prevent and manage all diseases in children globally. (more…)
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