Technext Technext
  • Home
  • Stories
    • Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      7 hours ago 0
      40
    • Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19
      Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19
      8 hours ago 0
      78
    • Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      11 hours ago 0
      20
    • Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform
      Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform
      13 hours ago 0
      43
    • Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      1 day ago 0
      51
    • Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration
      1 day ago 0
      64
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      2 days ago 0
      79
    • After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      After Falling Short of its $100bn Projections, Coinbase’s Valuation is not Certain Yet
      2 days ago 0
      61
    • ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      ‘Africans Pay 30% Above Global Rates to Send Money Abroad’- Lemonade Growth Lead Richard Oyome
      2 days ago 0
      111
  • Features
    • Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      7 hours ago 0
      40
    • Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      Ramadan Kareem: 5 Ways Tech Can make Ramadan Easier for Your Body and Soul
      3 days ago 0
      78
    • Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      Identity Theft, Foolproof Scams: How Data Breaches in Tech Companies can Cost You
      3 days ago 0
      89
    • CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      CBN’s BVN Verification Ban: What it Means for Nigerian Fintechs and their Customers
      7 days ago 0
      415
    • ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      ‘Limiting Mindsets Prevent Women from Making the Most of Tech Communities’ – Temilade Adelakun
      1 week ago 0
      148
    • Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      Electronic Transactions Increased by 77% to N2.3bn in 2020 as USSD Transactions Increased by 80%
      1 week ago 0
      146
    • The dying cybercafe culture is still driving ICT penetration in low-income areas
      The dying cybercafe culture is still driving ICT penetration in low-income areas
      2 weeks ago 0
      218
  • Reviews
    • Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
      11 hours ago 0
      20
    • Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      Lagos is the PoS Capital of Nigeria with about 70% of Total Transactions Carried out in 2020
      2 days ago 0
      79
    • Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      Tech Events this Week: Cashless Africa, Deloitte’s Black in Tech Summit and Others
      4 days ago 0
      85
    • Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      Global Tech Roundup: Twitter Wanted to Buy Clubhouse for $4 Billion!
      6 days ago 0
      120
    • Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      Scholarships Africa Connects Students to Hundreds of Int’l Scholarships in Minutes
      6 days ago 0
      134
    • Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      Godzilla Vs Kong Raked N17m in 3 days but Cinema Revenue Dropped 10% in March
      1 week ago 0
      148
    • Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      Bitcoin Rally Sees Coinbase Rake in $1.8bn Revenue in Q1 as Active Users Hit 6.1 million
      1 week ago 0
      156
  • Women in Tech
  • Videos
  • Contact Us
Go to...

    Twitter Boss, Jack Dorsey to Donate $1 billion to Fund COVID-19 Relief

    Oluwadamilare AkinpeluOluwadamilare Akinpelu
    April 8, 2020
    Twitter Boss, Jack Dorsey to Donate $1 billion to Fund COVID-19 Relief

    Jack Dorsey wants to use part of his wealth to support the fight against the coronavirus pandemic. The CEO of the microblogging site, Twitter and digital payments platform Square, has revealed in a series of tweets that he will be donating $1 billion worth of equity in Square to fund COVID-19 relief globally.

    I’m moving $1B of my Square equity (~28% of my wealth) to #startsmall LLC to fund global COVID-19 relief. After we disarm this pandemic, the focus will shift to girl’s health and education, and UBI. It will operate transparently, all flows tracked here: https://t.co/hVkUczDQmz

    — jack (@jack) April 7, 2020

    This fund is the most significant effort so far in the coalition to fight the global coronavirus pandemic. It is also the biggest philanthropic effort by the double CEO, as the $1 billion to be donated represents about 28% of his net worth – $3.9 billion according to Bloomberg Billionaires Index.

    Suggested Read: 1.1M Test kits, 6M Face masks, 60,000 Protective Suits – First Wave of Jack Ma’s Covid-19 Package Arrives Africa

    The funds will be disbursed through his Start Small LLC and disbursements/recipients of the fund will be published in a public spreadsheet that he shared. They will also be sourced from his Square shares, where he “owns more.”

    Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime. I hope this inspires others to do something similar. Life is too short, so let’s do everything we can today to help people now. ✌🏼

    — jack (@jack) April 7, 2020

    This transparency, according to him, is to show his work so other people can learn from it.

    “It’s important to show my work so I and others can learn. I’ve discovered and funded ($40mm) many organisations with proven impact and efficiency in the past, mostly anonymously. Going forward, all grants will be public,” Jack Dorsey said.

    According to the spreadsheet, a $100,000 donation has been made to America’s Food Fund, an effort dedicated to providing meals to vulnerable populations in the US disrupted by the COVID-19 pandemic.

    Twitter Boss, Jack Dorsey to Donate $1 billion to Fund COVID-19 Relief
    Start Small tracking sheet.

    Jack also says that following the COVID-19 relief effort, Start Small will shift its focus to girl’s health and education, and UBI (Universal Basic Income). These according to Jack represent the best long-term solutions to the existential problems facing the world.

    Education for girls lay a foundation for vibrant lives for them, their families and communities they will actively contribute to the economy and curb the rapid population growth. UBI, on the other hand, will reduce poverty and increase equality among citizens.

    Why UBI and girl’s health and education? I believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl’s health and education is critical to balance: https://t.co/dC3dU6hvxB

    — jack (@jack) April 7, 2020

    According to Jack Dorsey, the needs for donations like this are increasingly urgent, and he hopes others take a cue.


    If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.


    SUBSCRIBE

    Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.


    Comments

    Share :
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • Linkedin
    • Email
    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu

    Oluwadamilare Akinpelu is a lover of the Tech World. He is a calm person and also a protean writer.

    Facebook Launches an App Called
    Next article
    Facebook Launches an App Called ‘Tuned’ Which Gives Couples More Privacy and Intimacy
    Nigerian Logistics Startup, Kwik Secures Undisclosed Amount of Funding From Ubisoft Founder to Aid Expansion
    Previous article
    Nigerian Logistics Startup, Kwik Secures Undisclosed Amount of Funding From Ubisoft Founder to Aid Expansion

    Related Posts

    • Features, Stories 7 hours ago

      Jamb Isn't the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade

      Jamb Isn’t the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade
      Stories 8 hours ago

      Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19

      Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19
      Reviews, Stories 11 hours ago

      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments

      Fundall is Helping Nigerians Gain Financial Intelligence and Make Investments
    • Stories 13 hours ago

      Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform

      Flutterwave Partners Forter to Detect Fraudsters and Identify Legitimate Buyers on its Platform
      Stories 1 day ago

      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers

      Covid-19 Update: Council of Witches Calls for Sanctions on Fake News Carriers
      Stories 1 day ago

      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration

      Nigerian music legend, Oliver de Coque gets Google Doodle posthumous birthday celebration

    Bitcoin Recent Prices

    Brandest

    Sign up for Newsletters

    Popular News

    • Olugbenga Agboola, Moses Babatope and Kene Okwuosa Selected into the 87th Cohort of Endeavor Entrepreneurs
      Olugbenga Agboola, Moses Babatope and Kene Okwuosa Selected into the 87th Cohort of Endeavor Entrepreneurs
      May 13, 2019 0
    • Startup Review: FarmPowerng Gives You Up to 35% Returns on Agric Investments
      Startup Review: FarmPowerng Gives You Up to 35% Returns on Agric Investments
      7 months ago 0
    • Troublesome Uber Passengers to be Banned from the Platform as Company Demands Respect for Drivers
      Troublesome Uber Passengers to be Banned from the Platform as Company Demands Respect for Drivers
      May 30, 2019 0
    • Twitter May Soon Allow Users Edit their Posts, But how Big of a Deal is the Feature?
      Twitter May Soon Allow Users Edit their Posts, But how Big of a Deal is the Feature?
      February 4, 2019 0
    • Nollywood Actress, Bose Alao Omotoyossi Becomes Ntel Brand Advocate
      Nollywood Actress, Bose Alao Omotoyossi Becomes Ntel Brand Advocate
      September 3, 2017 0

    Follow Us

    Latest Tweets

    • technextdotng This new development comes months after the NCC ordered all operators to suspend the sale and registration of new S… https://t.co/WYTWWWaihX
      about 6 hours ago
    • technextdotng RT @aforisms_: Breaking: FG Lifts Ban on Sale and Activation of Sim Cards From April 19 - https://t.co/poyEGIro6x via @Technextdotng
      about 6 hours ago
    • technextdotng New post: Jamb Isn't the First! Here are 10 times Nigerian Govt Agencies have Been Hacked in the Last Decade https://t.co/LQKsGIsckm
      about 6 hours ago
    • technextdotng RT @tommy_blanc: Oya oo....everyone that has been crying about their sim can flood MTN office... Breaking: FG Lifts Ban on Sale and Activa…
      about 7 hours ago

    Instagram

    technextdotng

    Technext.ng is the go-to site for news, reviews and insightful analysis in the Nigerian tech space.
    http://ow.ly/ayTM30mSlGS

    For many people, managing money and knowing the ri For many people, managing money and knowing the right opportunities to invest in is still a challenge. A survey of over 2,000 youths in Nigeria, Kenya, Uganda, Tanzania and Cote D’Ivoire by Geopoll revealed that more young Nigerians only save after spending than their counterparts in other countries.

More youths in Tanzania and Uganda set aside a fixed amount to save than in Nigeria and Ivory Coast, who are more likely to save what remains after spending

The popularity of apps like @Piggybankng and @Cowrywise has made more people curious about saving, investing and creating a financial strategy to grow their money. However, there is need for more apps that take a more deliberate and friendly approach towards gaining financial intelligence and map out a sustainable path to monetary stability.

This is where Fundall comes in. @get_Fundall is a fintech service whose app is available for download on android and iOS.
.
.
.
.
.
#Fundall #LifeStyleCard #FinancialPlanning #Africa #Fintech #Finance #Financial #Nigeria #SaveMoney #Payments #Nigeria
    @theflutterwave has partnered with American eComme @theflutterwave has partnered with American eCommerce fraud detection firm, Forter to enable merchants to identify legitimate buyers on their Flutterwave platforms. This effort is aimed at detecting fraudsters masking themselves as legitimate buyers on the payment platform.

The partnership touted as the first of its kind in Africa will enable merchants to accurately identify legitimate buyers from fraudsters in the hopes of increasing transaction approvals and reducing friction in the purchasing experience, all without the fear of fraud.

Read more on Technext.ng
.
.
#ecommerce #crypto #marketplace #Merchants #fraudsters #Fraud
    Things are gradually returning to normal as the nu Things are gradually returning to normal as the number of covid-19 cases continues to fall. Although it may take a while before we hug people or shake hands without second thoughts, things are getting better.

Only 523 new cases were recorded between April 6 and 13. This is a slight increase compared to the 497 people that tested positive over the previous week. Two weeks earlier, Technext reported that 584 people tested positive.

The numbers show a sustained decrease in the spread of infections across the country. Indeed the Lagos state government is now confident enough to allow event centres and relaxation centres to increase their crowd capacity. Along with that, here are other developments during the week.

Read more on Technext.ng
.
.
.

#COVID19 #Nigeria #Education #Vaccine #Government
    Today, @Google unveils a Doodle to posthumously ma Today, @Google unveils a Doodle to posthumously mark the 74th birthday of Nigerian music legend and highlife maestro Oliver de Coque, one of Africa’s most prolific recording artists of all time.

The Doodle, created by Lagos-based graphic artist and illustrator @OhabTBJ, pays tribute to the guitarist who died in June 2008 at the age of 61, following a heart attack. The creative inspiration was drawn from De Coque’s love for the guitar, his energetic performance style, his unique music brand, and his love of tradition and culture.
.
.
.
.
.
.
#afrobeats #music #music #musiclover #naijamusic #musician #musicvideo #musicislife #musicproducer #musically #musicblog #musicjunkie #Africangiant #musicjournalism
    The use of Point of Sale (PoS) machines in Nigeria The use of Point of Sale (PoS) machines in Nigeria is growing but a majority of this growth is concentrated in the country’s economic capital, Lagos. According to NIBSS Instant Payment stats, the state recorded the largest number of PoS transactions in the country.

The report shows that Lagos accounted for about 70% of the total volume of PoS transactions in 2020. This represents a 100% growth in the volume of PoS transactions in the state as the volume of PoS transactions rose from 226 million in 2019 to over 453 million at the end of 2020.

Read more on Technext.ng
.
.
.
#finance #Nigeria #Lagos #Tech #POS #ATM #Money #Cash #Funds #TechNews
    Cryptocurrency trading company, @Coinbase, is list Cryptocurrency trading company, @Coinbase, is listing on the stock exchange today for $250 per share under the ticker ‘COIN’. With a share count of 261.3 million, this gives it a valuation of $65.3 billion.

This valuation is less than the $100 billion valuation that it got from @NASDAQ. At its current valuation, however, the crypto-based startup shows growth from recent years due to uptake in its subscriber base and generated revenue.
.
.
.
.
.
.
.
#stockmarkettimes #coinbase #coinbaseipo #uslisting #bitcoin #cryptocurrency #nasdaq #cryptocurrency #btc #forex #nft #bitcoinnews #cryptocurrencies #bitcoins #tech #investment #defi #investing #entrepreneur #invest #business #cardano #eth #coinbase #tesla #dot #polkadot #xrp
    Load More... Follow on Instagram

    Random News

    • Google Expands Digital Skills Program to Aba Community, Promises Jobs and Business Growth.
      Google Expands Digital Skills Program to Aba Community, Promises Jobs and Business Growth.
      July 1, 2019 0

      Aba, popularly known as the hub of Nigerian made brands and bootlegs, is the latest in the long list of ...

      Read More
    Copyright 2020 technext.ng | Privacy Policy | Media Policy