Nigeria’s First Lady, Mrs Oluremi Tinubu, said the knowledge of ICT has the capacity to empower communities especially women and break traditional barriers affecting women’s economic empowerment and create new opportunities for the female gender. The wife of President Bola Tinubu who made the remark while commissioning another ICT Community Centre constructed by the National […]
Read MoreThe International Telecommunications Union (ITU) is raising concerns about Africa’s lack of advanced digital skills in new technologies such as artificial intelligence (AI), big data analytics, and Internet of Things (IoT), as well as inadequate digital infrastructure, which includes connectivity infrastructure, data centres, and computing devices. In an interview with ITWeb Africa, Dr. Cosmas Luckyson Zavazava, ITU’s […]
Read MoreThe Nigerian Government is leveraging on the potentials of technology to bring all government agencies under one roof in a business model that it already named: National Single Window (NSW) as part of the strategy of President Bola Ahmed Tinubu to make doing business in the country easy. Speaking at the first public-private sector engagement […]
Read MoreThe Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and Mr Olusegun Alebiosu, to its board of directors. These appointments reflect the NESG’s steadfast dedication to promoting visionary leadership and strengthening partnerships with key business leaders and private sector stakeholders. The addition of these accomplished […]
Read MoreTelecoms market stakeholders will invest a cumulative spend exceeding $6 billion on developing and implementing quantum key distribution (QKD) between 2025 and 2030. QKD is a communication method that leverages quantum mechanics to create encryption keys that are unable to be intercepted by fraudulent players; increasing the security of network transmissions. Experts in IoT markets […]
Read MoreThe financial and operational damage caused by data breaches is poised to worsen dramatically, fueled by advancements in quantum computing, Metaverse and artificial intelligence (AI). A global study conducted by post-quantum security pioneers Naoris Protocol reveals that the average cost of a data breach could climb to $5.3 million within five years, up from the […]
Read MoreThe Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States. The refinery resorted to crude importation as local supply challenges hindered the new $20bn refinery’s push to reach full refining capacity. Recall that the refinery plans to reach its 650,000 barrels per day capacity in June this […]
Read MoreThe Securities and Exchange Commission (SEC) has warned Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, commonly known as Stecs. The SEC in a circular issued in Abuja disclosed that neither entity is registered or authorised to operate in the capital market. […]
Read MoreIn the first nine months of last year, the earnings per share (EPS) of FBNHoldings Plc, the parent company of First Bank of Nigeria Limited as well as its profit grew by 125 per cent year-on-year (Y/Y). But there is much more to where the premier bank stands in core banking and its profitability is […]
Read MoreThe National Information Technology Development Agency (NITDA), has began a is holding a 3-day top management retreat to assess and evaluate its activities over the past year, and establish a solid foundation for continued progress. Declaring the retreat open, the Director General of NITDA, Mr Kashifu Inuwa, stated that the retreat was designed to analyse […]
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