Internet

NCC to Provide N24.2bn for Internet Access at 20 Airports, Says Pantami

The Nigerian Communications Commission(NCC), has been saddled with the responsibilities of providing internet facilities at 20 airports, some institutions of learning and markets across the country. According to the Minister of Communication and Digital Economy, Prof Isa Panatami, who announced the approval after the Federal Executive Council, the project costing N24.2 billion will be spearhead […]

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News

Paystack Co-founder, Sola Akinlade Buys 55% of Danish Football Club

Co-founder and Chief Executive Officer of Fintech firm, Paystack, Shola Akinlade has bought a 55 percent stake in a second division Danish club, Aarhus Fremad. This was made public Tuesday in a statement on the website of local football club Sporting Lagos also founded by the 37-year-old entrepreneur. “We’re delighted to announce our investment in […]

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E-Commerce

E-Commerce Giant Alibaba to Split into Six Independent Companies

Chinese e-commerce giant Alibaba Group Holding Ltd. says it plans to split itself into six independently run companies that could seek separate IPOs. This comes just as co-founder, Jack Ma returned to China after spending some months overseas. Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese […]

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Gadgets and Device

Foldable Phones Shipments to Reach 48.1 Million Units with Market Value of $42bn by 2027

Global shipments of foldable phones, including flip and fold form factors, to reach 21.4 million units in 2023. This represents an increase of more than 50% over the 14.2 million units shipped in 2022. An updated International Data Corporation (IDC) forecast projects that foldable phone shipments will reach 48.1 million units in 2027 with a […]

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News

Cyber Criminals Shift Attack to Educational Institution Targeting Students & Staff Data

As organisations across the globe contend with an increasing number of cyberattacks, schools and higher learning institutions are looking for innovative and cost-effective ways to protect their students, staff, and data from breaches and ransomware. “Unfortunately, cybercriminals don’t consider the ramifications of cyberattacks on schools. However, increasing cybersecurity awareness and allocating resources effectively can help […]

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Technology

Jack Ma Foundation’s Accelerator Flags-off $1.5m Prize African Hero Contest

Africa’s Business Heroes (ABH) Prize Competition has opened entries for African entrepreneurs to apply for its fifth annual edition. The philanthropic initiative, sponsored by the Jack Ma Foundation and Alibaba Philanthropy, was founded by the Africa Netpreneur Prize Initiative, the Jack Ma Foundation’s flagship philanthropic programme in Africa. According to a statement, the competition aims […]

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News

Nigeria’s Domestic Airfares Up By 66.36% in One Year, Says NBS Report

The National Bureau of Statistics (NBS) has disclosed that domestic air transport fares increased by 66.36 per cent in the last one year. This was contained in its latest report titled, ‘Transport Fare Watch (February 2023)’. According to the Bureau, the average fare paid by air passengers in air travel for specified routes single journey […]

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Business

Ecobank Takes ‘Financial Planning Education’ to Schools

Ecobank Nigeria has began a new wave of financial inclusion embarking on financial education for Secondary School students across the country on personal financial management which include savings, budgeting, and investment being part of activities to commemorate the Global Money Week (GMW). Tutoring the students of Comprehensive School Management and Technology, New Layout, Abakaliki, Ebonyi […]

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Media OutReach

Cybercriminal Gangs Now Use AI-Generated YouTube Videos to Distribute Malware, NCC Warns

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has warned those looking to acquire pirated software and resources that they risk becoming victims of cybercriminal gangs that are using AI-generated YouTube videos to distribute malware. NCC-CSIRT further warned in its advisory that the consequences of falling victim can be significant for individuals and […]

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Business

Agropartnership Farmforte ‘Flee’ With Investor’s N2.25m

Nigerian agribusiness platform Agropartnership startup, that went out of public glare over default of customers’ investment have apologised. The duo of Uyi Osayimwense and Osayi Osazuwa, founders of the agribusiness platform Agropartnership, were last seen in public on February 16, 2022, when Osayimwense apologised publicly to their numerous investors in a social media video. According […]

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