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Business

Crisis Looms for Future of OpenAI as Major Investor, Microsoft Hires Sacked Altman

Microsoft has hired Sam Altman, a couple of days after his sudden firing as CEO of OpenAI, the creator of ChatGPT. In a statement issued yesterday, Microsoft CEO Satya Nadella says Altman and OpenAI co-founder Greg Brockman will join Microsoft to “lead a new, advanced artificial intelligence (AI) research team”. On Friday, OpenAI announced Altman […]

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Technology

Hard Time Looms for Smartphone Consumers as World’s Largest Chip Maker Stumble into Crisis

Nvidia’s third quarter earnings when they are revealed on Tuesday will be impressive and the guidance positive, but the company faces challenges ahead, yet almost every investor needs exposure to semiconductors. This is the prediction from Nigel Green, CEO and founder of deVere Group, one of the world’s largest independent financial advisory, asset management and […]

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News

Maida Mulls Fresh Strategy for Achieving 70% Broadband Penetration

The new leadership of the Nigerian Communications Commission (NCC) is rejigging its strategy of achieving Nigeria’s broadband penetration rate to 70 per cent by the end of 2025. The new Executive Vice Chairman of the NCC, Dr Aminu Maida said that under his leadership, he would be supporting the target of the Ministry of Communication, […]

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Business

NCC Boss Harps on Quality of Service as Non-Negotiable for Telecos

Quality of service in the Nigerian telecommunications sector is non-negotiable as such the industry needs collaboration to make this a reality. Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida who made the remark in Lagos at an interactive session with chief executive officers in the industry assured of collaborations […]

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Technology

ITU Adopts Resolution on Deployment Ahead of Commercial Rollout of 6G Technology

The ITU Radiocommunication Assembly (RA-23), has adopted a resolution that will guide the development of standards and radio interface technologies for the 6th generation of International Mobile Telecommunications (IMT) systems. Among other outcomes, RA-23 also adopted a resolution on gender equality to strengthen, accelerate and widen the active involvement of women in the work of […]

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Business

Airtel Nigeria Rejigs Media Relationship & Recounts Major Growth Impact

Airtel Nigeria, has rejigged its commitment towards enhancing relationships with its operational stakeholders, Airtel, and recently hosted a Media Roundtable which was an interactive event to provide media stakeholders an opportunity to interact with key leaders at Airtel Nigeria and discuss the latest developments within the business. The event, had more than 40 senior editors […]

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StartUps

Zoho Grows Nigerian Operations by 50% in One Year, Unveils Fresh Business Portfolios

Zoho, a global technology company, said that it grew by 50% in Nigeria in 2022. The company, as part of its Zoho for Startups programme, has also partnered with #StartupSouth, an organisation that works towards the development of startups from South and South-East Nigeria. Zoho will also be providing its contract management solution, Zoho Contracts, […]

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Business

Nestlé Professional Endorsed New MAGGI Signature Jollof for Eateries, Hotels & Others

At a Jollof Carnival hosted in Lagos, Nestlé Professional unveiled a new 100g pack size of MAGGI Signature Jollof Seasoning Powder, a convenient and affordable option for out of home users including restaurants, bukas and hotels. With its attractive packaging and unique flavors, the seasoning in the new pack size responds to current preferences for […]

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Business

NDPC Takes Goes Tough on Data Protection Breach, Flags-off Task Force on Accountability

The Nigeria Data Protection Commission has set machinery in motion to enforce data subjects rights and promote trust in Nigeria’s digital economy ecosystem. In its Guidance Notice titled: GUIDANCE NOTICE ON THE FILING OF DATA PROTECTION COMPLIANCE AUDIT RETURNS (CAR), the Commission advices data controllers and processors to file compliance audit returns or risk being […]

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Telecoms

How Telecos Can Leverage on MVN to Boost Nigeria’s Economy

As of the end of 2022, there were officially 1,986 mobile virtual network operators (MVNOs) deployed and operational worldwide, of which around 50% were in Europe. However, this figure may not be entirely accurate. In addition, there is an informal number of other virtual operators offering services under the branded reseller or service provider model […]

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