Business

JUST IN: Real-time Payments Contribute $7bn to Nigeria’s GDP in 2023, May Hit $15bn by 2028

Real-time payments contributed $7 billion to Nigeria’s Gross Domestic Payment in 2023, with projections reaching $15 billion by 2028. Banking penetration is expected to grow by 6.5%, unlocking a $40 billion profit potential for financial institutions. According to the Real-Time Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide (NASDAQ, an original innovator in […]

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Business

Abuja Jeweler, Makems  Stuns Fashion Lovers with Latest Styles at Jewelry Exhibition

Makems  jewelry, an Abuja-based  jewelry-making company in Nigeria, has unveiled some of the latest product at the its annual jewelry exhibition where a wide range of trendy, fine and unique handmade, locally-produced and imported jewelry products displayed. The jewelry exhibition was an expertly-curated showcase of exceptional ornaments, ranging from contemporary designs to vintage treasures such […]

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Business

Konga Group Foresees Bright Future for Nigeria’s E-Commerce Sector Amid Daunting Challenges

The Konga Group is optimistic about the fortune of Nigerian E-commerce sector despite the current challenges facing the it in the country. According to the Konga Group Chief Executive Officer, Mr Nnamdi Ekeh the overdependence on imported goods, unstable exchange rates, logistical inefficiencies, corruption, and rising insecurity are significant obstacles to the e-commerce sector. Ekeh […]

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News

NITDA Boss Tasks NYSC Digital Literacy Ambassadors on Essence of Achieving Mandate

The National Youth Service Corps (NYSC) members who are serving as Digital Literacy for All (DL4ALL) Initiative champions to need to double their efforts in training and sensitising Nigerians on the transformative potential of digital literacy in shaping Nigeria’s future. That has become critical as ambassadors of the National Information Technology Development Agency (NITDA) shared […]

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Business

Scarcity of AI Talents Still Looms Globally, Absence Affecting Business Growth Warns Huawei Chief

The global scarcity of Artificial Intelligence (AI) talents would continue to pose significant challenges to the development of digital economies around the world. And this scarcity was coming at a time when the demand for AI computing power was expected to exceed the demand for general computing power, according to the Terrence Wu, the Managing […]

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Business

TD Africa, Huawei Forms Alliance to Empower KOMU Students

TD Africa has formed an alliance with the global ICT leader, Huawei, to establish an Information, Communication, and Technology (ICT) hub at Kingsley Ozumba Mbadiwe University (KOMU), Owerri. Speaking at the event, Vice Chancellor of KOMU, Prof. Ikechukwu Dozie, expressed optimism about the transformative impact the ICT hub would have on the university, saying it […]

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Business

Global Communications Body Appoints Nigeria’s Telecoms Regulator Leader as Board Director

The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Dr Aminu Maida, has been appointed into the Board of Directors of the International Institute of Communications (IIC). According to IIC, Maida’s appointment follows Nigeria’s role in telecommunications and digital innovation space. The IIC is a body committed to helping Regulators, Competition Authorities and Policymakers, […]

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Business

Airtel Partners Google to Redefine, Elevate Home Entertainment

Telecommunications service provider Airtel Nigeria has gone into an innovative partnership with Google to transform home entertainment across Nigeria. The partnership, which was unveiled at an agreement signing ceremony, integrates YouTube, the world’s largest video platform, into the ground-breaking Airtel Smart Router to deliver seamless internet connection and entertainment experiences for subscribers across the country. […]

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Business

Infobip, Gupshup, and Twilio Lead OTT Business with Value Set to Hit $3.7bn, Says Report

The global Over-the-Top (OTT) business messaging revenue will increase from $2.4 billion in 2024 to $3.7 billion in 2025. Juniper Research despite this, predicted that the rapidly evolving OTT business messaging market will face substantial disruption as new technologies enhance user experiences. For instance, click-to-chat ads were identified as a key feature attracting enterprises to […]

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Business

Tech Experts Explore Transformative Potential of Copilot as Tasks Systems Partners Microsoft to Drive Business Efficiency

How businesses can leverage technology for competitive advantage was the focus of a masterclass designed to explore the transformative potential of Microsoft Copilot. Organised by Information and Communications Technology solutions provider Task Systems in collaboration with Microsoft, the event left an indelible mark on its business partners. According to a statement by Tasks System, the […]

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