Business

Rack Centre Appoints Lars Johannisson as Chief Executive Officer

Rack Centre, West Africa’s Best-connected Carrier and Cloud neutral data centre has announced the appointment of Lars Johannisson as its new Chief Executive Officer. Johannisson, an accomplished leader with extensive experience in transformative industries, assumes the role effective January 2024. According to the Group Chief Executive Officer of Rack Centre, Jasper Lankhorst, the company Is […]

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News

Tech Layoffs to Persist in Near Future, Reveals GlobalData

Reflecting the dynamic landscape of the global workforce, the month of January 2024 witnessed a notable surge in conversations revolving around “layoffs” across diverse industries on “X” platform. The influencers’ discussions suggest a prevailing sentiment that indicates the likelihood of the layoff wave continuing, particularly in the tech sector. They also shed light on crucial […]

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Business

AI Set to Disrupt Telecoms Operations, Vendors Tipped as Worst Target

As AI, which includes generative AI (genAI), continues to be a hotly debated topic and a key trend in 2024 for all things telecoms and tech, this article looks at the implications of AI on the telecoms industry, including its impact on workforce, intensified geopolitical tensions over chips (not the edible variety), and the opportunities […]

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Business

OPay Launches Fresh Security Features to Secure Customer’s Fund, Tightens Hold on User’s Data

OPay, Nigeria’s mobile money platform, which was recently applauded by the World economic Forum (WEF) and was awarded the consumer choice award by ADVAN,  has unveiled a suite of security enhancements, ensuring user’s fund stays secured. OPay operates as a licensed Mobile Money Operator (MMO) by the Central Bank of Nigeria (CBN), adhering to the […]

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Opinion

Vertiv Expertise & Solutions Growing Impact on African Telecommunications Industry 

A new trends piece from Vertiv, looking at the telecommunications space in Africa; its importance, regional challenges and opportunities. The telecommunications industry across Africa occupies a complex yet active space, with factors such as significant investment in sub-sea connectivity cables, increasing demand for data centres, and the rollout of terrestrial fibre broadband infrastructure gaining increasing […]

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Business

Again, OPAY Pledges to Implement CBN’s KYC Mandate, Unveils 2024 CSR Plan Targeting Education  

Leading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number (NIN) starting March 1, 2024. This commitment follows the recent directives from the Central Bank of Nigeria (CBN) on Know-Your-Customer (KYC) requirements, mandating all individual accounts and wallets […]

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Business

OPay to Block All Non-NIN Complaint Accounts by March 1st

All accounts on OPay, Nigeria’s fintech company that are not properly linked with the National Identification Number (NIN) would be blocked by March 1, 2024. Also, fraudulent accounts and those that do not meet the know-Your-Customer (KYC) of the Centra Bank of Nigeria would also be removed from the OPay platform. The Director of Partnerships […]

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Hardware

AI Chip Market Revenues to Surpass $126bn by 2027 as Nvidia Battles Intel

The AI chip market has witnessed remarkable growth and innovation. This plays a pivotal role in advancing artificial intelligence (AI) technologies. The accelerated AI chip development is a goldmine for big chip manufacturing giants as revenues will escalate in the forthcoming years. According to Stocklytics.com, AI chip market revenues will exceed $126 billion by 2027. As […]

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Business

Smartcash Payment Service Bank Signs Strategic Partnership with Stanbic IBTC to Boost Cash Services in Nigeria

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, is going into strategic partnership with Stanbic IBTC Bank to boost cash deposits and withdrawals for Smartcash customers across Nigeria. The new collaboration between the two visionary companies aims to leverage Stanbic IBTC Bank’s branch network to provide additional financial services to Airtel Smartcash customers […]

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News

100 Days in Office: Maida Unveils Stakeholder’s Centric Drivers, Vows to Hold Telecos  Accountable for Obligations on QoS 

The Nigerian Communications Commission (NCC), has unveiled key drivers for the telecoms industry that would be deployed to sustained the present growth level of the  industry just as the new Executive Vice Chairman of Commission, Dr Aminu Maida marks his first 100 days in office following his appointment as the new helmsman of the regulatory […]

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