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 MoreSuccessful cyberattacks can have multiple impacts on a business, and the repercussions can be both far-reaching and long-lasting. Robust cybersecurity measures are therefore essential in mitigating these risks, including against Distributed Denial of Service (DDoS) attacks, which are designed to force a server, website or online service offline. As outlined by NETSCOUT, which provides visibility, […]
Read MoreMoniepoint, Nigeria’s leading fintech company, has raised over $10 million in fresh funds from Visa, bringing its Series C funding total to more than $120 million. This fundraising followed a $110 million raise announced three months ago led by African Development Partners III fund, which included Google’s Africa Investment Fund and Verod Capital. Visa described […]
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. […]
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