Business

JUST IN: Buhari May Suspend Naira Re-design Policy, Blames Banks for Failure

President Muhammadu Buhari on Friday asked Nigerians to give him seven days to resolve the cash crunch following the Central Bank of Nigeria (CBN)’s redesigning of the naira notes. He also expressed doubts about the commitment of banks in particular to the success of the policy. He said this while speaking to the Progressive Governors’ […]

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Business

Again, Nigerian Govt Moves to Salvage Refineries, Signs $740m Quick-fix Contract

The Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering Construction Nigeria Limited have signed a maintenance service contract for the quick-fix repairs of the Kaduna Refining and Petrochemical Company Limited (KRPC). Group Chief Executive Officer, NNPCL, Malam Mele Kyari and CEO of Daewoo E&C Nigeria, Mr Jung Taewon, signed the contract on behalf of […]

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Business

Liquid Intelligent Technologies and Nokia Partner to Drive Innovation, Connectivity in Africa

Liquid Intelligent Technologies, a business of Cassava Technologies, a pan-African technology group, has partnered with Nokia. Through this partnership, Liquid deployed Nokia’s innovative transport network technology in the new terrestrial fibre route connecting Mombasa (Kenya) to Johannesburg (South Africa). This announcement comes in light of the imminent launch of the new terrestrial data superhighway built […]

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Business

Nigeria Tops Five World Market of MetaMask Users as ‘MetaMask Learn’ Initiative Debut

Nigeria has emerged as a top five market in the world for MetaMask in terms of users, according to a report from ConsenSys, a blockchain technology company. Announced its newest initiative, MetaMask Learn, the company said that MetaMask Learn is a free-to-use resource available in 10 languages for anyone interested in learning about web3 adding […]

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Business

Ecobank, Ananse Africa & Mastercard Foundation Train Fashion Entrepreneurs in Nigeria

Ecobank Ellevate has partnered Ananse Africa and MasterCard Foundation to train fashion entrepreneurs and creatives in Nigeria. Ecobank Ellevate is a proprietary service offering designed for businesses owned by women, managed by women and those with a high percentage of female board members or employees, as well as companies manufacturing products for women. Head, Consumer […]

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Business

Data Sovereignty and Compliance Issues Shaping IT Decisions, Says IDC

New survey results from International Data Corporation (IDC) show that data sovereignty and compliance are now an important factor in shaping IT selection and design decisions. Almost half the respondents (48%) to IDC’s Cloud Pulse 2Q22 survey said that data sovereignty and industry compliance have factored highly in discussions about their future IT architectures. And […]

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Business

Mafab Telecoms, 5G License Winner Flags-off Service with New Logo Unveiling

The Mafab Telecommunication Company one of the companies that got the 5G technology license, after a long wait by the industry, yesterday in the Nigeria’s capital city, Abuja inaugurated the Fifth Generation (5G) network and unveiled its logo noting that its the launch had added another chapter in its journey towards a brighter and stronger […]

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Hardware

Nearly 90% of Pentagon Supply Chain Fails Basic Cybersecurity Test

The first-ever thorough analysis of the state of cybersecurity of the US defense industrial base (DIB) reveals that nearly 90% of its contractors do not meet the required security standards. Defense contractors possess sensitive national security information and are being constantly targeted with sophisticated hacking operations led by state-sponsored hackers. The in-depth analysis of the […]

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Business

More Tech Jobs to Go: Amazon 18,000 Gone, Cisco 4000 & Microsoft 10,000 Waiting

The massive job cuts announced in the tech sector in 2022 are spilling into the new year, with Amazon and Microsoft announcing staff reductions within two weeks of each other. On Wednesday, software giant Microsoft said it will lay off 10 000 employees. Meanwhile, tech multinational Amazon announced earlier this month that it is planning […]

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Business

Nigeria Seeks Germany Investors Interest in Tech Ecosystem, Harps on Startups Potentials

Nigeria has asked a group of international investors in Germany to invest in the Nigeria tech ecosystem because doing so is valued and come with many rewards. The Director General, National Information Technology Development Agency, Kashifu Inuwa, who made the request while speaking on the topic, “the Evolution of the Nigeria Tech Ecosystem” which was […]

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