Business

NCC Unveils Plans to Mitigate Future West Africa Submarine Cable Mishap 

Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has called for a coordinated and multilateral approach by the region to protect shared telecommunications infrastructure, and diversify connectivity to ensure uninterruptible connections. Executive Vice Chairman of the  Nigerian Communications Commission (NCC), Dr. Aminu Maida, made the submission […]

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Business

Nigeria Govt Plans $617.7m Investment in Digital and Creative Enterprises Programme in 36 States

The National Economic Council (NEC) has endorsed the implementation of the $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme in the 36 states of the federation and the Federal Capital Territory (FCT.) This was part of the resolutions reached at the 140th meeting of the Council held virtually on Thursday and chaired by […]

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Internet

Meta to Introduce Monetization Feature into Instagram for Nigerian Content Creators

Meta will introduce in June 2024 a feature on its Instagram app that will allow Nigerian creators to monetize their content to enable them to earn a living using the app. Sir Nick Clegg, former UK Deputy Prime Minister and Meta’s President of Global Affairs, broke the news when he led a delegation from Meta […]

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File photo of President Bola Tinubu.
 Financial

FG, States and LGCs Share ₦1,152.756bn of February 2024 Revenue 

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1,152.756 billion February 2024 Federation Account Revenue to the Federal Government, States and Local Government Councils. The revenue was shared at the March 2024 meeting of the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of Finance and Coordinating Minister for the […]

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Giordano Albertazzi, Chief Executive Officer, Vertiv
 Business

Vertiv Launches High-Density Power and Cooling infrastructure Expertise to Boost NVIDIA Partner Network 

Vertiv, a global critical infrastructure company and continuity solutions provider, is now a Solution Advisor: Consultant partner in the NVIDIA Partner Network (NPN), providing wider access to Vertiv’s experience and full portfolio of power and cooling solutions. NPN is a global program for technology partners who offer solutions built on or powered by NVIDIA technologies. Among […]

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Internet

JUST IN: Metaverse Set to End Era of Searching Internet for Infor

There’s a roadmap to a future where technology serves humanity in all its diversity, fostering financial, social and creative inclusivity, and it’s all in Once Upon Tomorrow: Harnessing the New Opportunities the Metaverse Creates (Forefront Books; March 5, 2024) by Xsolla founder Shurick Agapitov. Agapitov envisions a future where every consumer-facing industry, from fashion to healthcare to entertainment, […]

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BrandTech

ASSA ABLOY, Global Infrastructure Company Rebrands Adopts ALCEA Brand Identity

ASSA ABLOY Global Solutions is announcing that their critical infrastructure offering will adapt ALCEA as its main brand. French-based ALCEA SAS has roots in the security solutions industry dating back to 1995 and was acquired by ASSA ABLOY Global Solutions in 2022. The introduction of the renewed brand marks the beginning of a journey to position […]

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Business

Electronic Waste Rising Five Times Faster than Documented e-Waste Recycling, Says ITU 

The world’s generation of electronic waste is rising five times faster than documented e-waste recycling, the UN’s fourth Global E-waste Monitor (GEM) reveals today. The 62 million tonnes of e-waste generated in 2022 would fill 1.55 million 40-tonne trucks, roughly enough trucks to form a bumper-to-bumper line encircling the equator, according to the report from […]

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Business

Nigeria to Close Power Sector Metering Gap, Address Financial Liquidity

The federal government on Wednesday, pledged to close Nigeria’s power sector metering gap as well as address the financial liquidity challenges besetting it. The Special Adviser on Energy to President Bola Tinubu, Olu Verheijen, gave the assurance during a session at the 2024 edition of CERAWeek by S&P Global holding in Houston, the United States. […]

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Financial

CBN Clears ‘Valid’ $7bn FX Transactions to Eliminate Legacy Backlog

The Central Bank of Nigeria (CBN) said all valid foreign exchange backlogs of $7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. This was disclosed by the bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, in Abuja on Wednesday, March 20, 2024, In a statement on Wednesday, […]

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