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Apple and Meta to go Head-to-Head in 2022 Technological Innovations



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Bloomberg’s Mark Gurman has revealed new details in his newsletter PowerOn, stating that Apple’s AR/VR (Augmented Reality/Virtual Reality) headset to be released in the future may cost up to $2000.

According to Gurman, the headset is expected to unveil in 2022, and will directly rival Meta’s (formerly Facebook) own headset, which is for now known as Project Cambria. According to Gurman, both Apple’s AR/VR headset and Facebook’s Cambria will be vital for users looking to dive into the metaverse.

During the Meta announcement, Mark Zuckerberg gave a quick glimpse of Project Cambria. Zuckerberg had explained that the headset would be more expansive, and would come with even more advanced technologies. At the ‘Facebook’ Connect Conference in October, Zuckerberg confirmed that the Cambria is going to be a separate high-end product from the company’s Quest 2 headset.

In a subsequent blog post, Meta also stated that Project Cambria would have an “improved social presence, pancake optics and colour passthrough.” It was also confirmed that it would not be a successor to the Oculus Rift 2 or Rift 3.

Gurman’s PowerOn newsletter notes that Apple and Meta could compete in the area of fitness watches as well, since Meta is also set to launch its smartwatches in 2022. The Verge had also previously reported that Meta’s proposed smartwatch would come with two different camera options. The report stated that one camera would be tailored to video calling, while the other camera (which is detachable) would be able to record video at full HD or 1080p resolution.

As it stands, Apple Watches do not come with a camera and Meta’s decision to include two cameras may make the product stand out in the market. However, it should be noted Apple has been dominating the smartwatch space unchallenged, staying as the market leader.

The PowerOn newsletter hints that Apple could also launch two new products in the home market. This would include a device that combines a speaker and TV set-top box with a camera, and the other would be a smart speaker which would have a screen. Meta already has a smart speaker with a screen, known as Portal. Apple’s HomePod smart speaker has not taken the market by storm, and explains why the company wants to revamp its home product lineup.

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Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs



Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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Google Leads $250 Million Funding Round for Glance



A logo is pictured at Google's European Engineering Center in Zurich

Google is leading a $250 million funding round for Glance, a mobile content provider.

This infusion of capital aims to expand Glance’s reach and solidify its market position amidst growing competition.

Glance, a subsidiary of InMobi Group, offers a unique service that delivers news, entertainment, and other content directly to users’ mobile screens without unlocking their devices.

With a user base exceeding 300 million across India, the US, Japan, and Indonesia, the startup has gained significant traction since its inception in 2019.

The funding round, expected to close in the coming weeks, marks a continued partnership between Google and Glance.

Google initially invested in the company in 2020, and this latest round will further enhance Glance’s capabilities to innovate and reach new audiences.

This investment reflects Google’s strategic interest in India, the world’s most populous nation, where it competes with tech giants like Microsoft, Meta, and Amazon.

With India’s rapidly growing middle class and increasing smartphone adoption, the market presents vast opportunities for digital expansion.

The support from Google comes on the heels of a previous $200 million investment by Mukesh Ambani, Asia’s wealthiest individual, which valued Glance at over $1 billion.

The startup’s largest stakeholder, InMobi, continues to thrive as a pioneer in mobile advertising, with Glance benefiting from its expertise and resources.

As Glance prepares for this new phase of growth, it stands poised to redefine how content is consumed on mobile devices worldwide.

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Cyber Threats Surge as Nigeria’s Digital Economy Expands



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As Nigeria’s digital economy flourishes, it faces escalating cyber threats, prompting the Federal Government to issue 33 cyberattack advisories in the past year.

These warnings, issued by the Nigeria Computer and Emergency Response Team (ngCERT), highlight the growing vulnerability of the nation’s digital infrastructure.

Since July 2023, ngCERT has alerted Nigerians to new attack methods and vulnerabilities. With 22 advisories issued in 2024 alone, the surge in cyberattacks coincides with the accelerated digitization spurred by the COVID-19 pandemic.

Monthly internet usage in Nigeria soared from 125,149.86 terabytes in December 2019 to 753,388.77 terabytes in March 2024.

The National Information Technology Development Agency (NITDA) notes that increased digitalization has heightened cybersecurity risks, necessitating robust protective measures.

According to Check Point Research, Nigerian businesses face approximately 2,308 attacks weekly across all sectors.

The advisories reveal various cyber threats, including ransomware and banking trojans. A recent warning highlighted Grandoreiro, a malware targeting over 1,500 banks globally, affecting 41 banking applications in Nigeria alone.

These attacks aim to steal sensitive financial data, potentially causing significant financial losses.

Nigeria’s critical infrastructure is also under threat. In August, pro-Nigerien hackers attempted to disrupt MTN Nigeria’s network, although they were unsuccessful.

During the 2023 elections, the government recorded 12.99 million cyberattacks, underscoring the scale of the threat.

Cybercrime costs Nigeria about $500 million annually. This includes data damage, stolen money, lost productivity, and post-attack disruptions.

The Federal Bureau of Investigation ranked Nigeria as the 16th country worst affected by cybercrime in 2020.

Experts emphasize the need for stronger cybersecurity measures. Adesina Sodiya, a professor of Computer Science and Information Security, warns that cyberattacks will continue to grow in sophistication.

He stresses the importance of building a cybersecurity curriculum and involving experts in creating effective strategies.

In response, NITDA plans to reduce cyberattacks by 40% by 2027. “As we digitize, we must build with security in mind,” said Kashifu Inuwa, director-general of NITDA.

The agency aims to implement comprehensive strategies to protect Nigeria’s burgeoning digital economy.

As Nigeria’s digital economy expands, it must address the growing cyber threats that accompany this progress. By enhancing cybersecurity measures and fostering collaboration among stakeholders, Nigeria can safeguard its digital future.

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