Business

AFSUG and SAP to Host First-ever African Hackathon

The African SAP User Group (AFSUG) and SAP are teaming up to deliver the first-ever regional AFSUG SAP Business Technology Platform (BTP) Hackathon. Finalists will showcase their prototypes at SAPHILA 2025, the premier SAP user conference for Africa, where the winners will also be announced. SAPHILA, which will be held this year from 1 to 3 June […]

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Financial

Airtel Africa Records Impressive Financial Performance of  20.4% Revenue Growth as Customer Base Hits 163 Million

It was a resounding bells of a successful performance for the Airtel Africa Plc brand as recorded in its nine-month period ended 31 December 2024, which was released today. According to the pan-Africa telecoms operator, it grew its revenues of $3,638m by 20.4% in constant currency but declined by 5.8% in reported currency as currency […]

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Business

Chinese AI Laboratory DeepSeek Snuff $600bn from Nvidia Capitalization as Stock Price Crashes by 17%

Nvidia experienced an unprecedented single-day market capitalization loss of nearly $600 billion, with its stock price dropping 17% to close at $118.58. This event, triggered by the emergence of Chinese AI laboratory DeepSeek’s new open-source large language model, has sent ripples through the tech sector and raised questions about the future of AI hardware demand. […]

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Business

Empowering Women with ICT Skills Will Break Traditional Barriers, Says Nigeria’s First Lady

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 […]

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Technology

African Countries Lack Skills in New Technologies, Says ITU

The 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 […]

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Business

National Single Window Enters Technology Readiness Stage, Agencies to be Integrated, Says Director

The 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 […]

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Business

IHS CEO, Mohamad Darwish, First Bank’s Olusegun Alebiosu to Serve in NESG Board

The 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 […]

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Business

Telecoms Operators to Spend $6.3bn Over Next Six Years to Develop & Implement Quantum key Distribution

Telecoms 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 […]

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News

Web3’s Dark Future-Quantum Computing, AI & Metaverse Fuel Perfect Cyberattacks

The 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 […]

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Business

Dangote to Purchase About 12 Million Barrels Crude Oil from United States

The 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 […]

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