Technology

PwC proposes possible solutions to the biggest problem facing Nigeria’s electricity sector

PwC proposes possible solutions to the biggest problem facing Nigeria’s electricity sector

Technology
Anyone living in Nigeria can testify that insufficient electricity production/distribution is the biggest infrastructural challenge facing the country. This problem has lingered for many years, adversely affecting the country’s economy. In the meantime, countless attempts have been made to resolve the problem. These attempts have, however, failed to yield any result. Now, PwC Nigeria is joining the effort with a recently published white paper titled, ‘Solving the liquidity crunch in the Nigeria Power Sector’. The key observations   The report by PwC Nigeria noted that the situation in Nigeria’s power sector is rather abysmal. The country’s operational capacity of less than 4,000MW is far less than the set target prior to the privatisation of the power sector in the early 2000s. The r
Regulator canvasses synergy in curtailing financial fraud, cybercrime

Regulator canvasses synergy in curtailing financial fraud, cybercrime

Technology
The National Information and Technology Development Agency (NITDA) has called for synergy among stakeholders in the industry to curtail the rising cases of financial fraud and cybercrime in the country. NITDA’s call came on the heels of recent indictment of scores of Nigerians for cybercrimes in the United States, and also publication of a foreign-owned software company hitherto operating in Nigeria indicting its Nigerian employees for lack of integrity and duplicity. Director General/Chief Executive Officer, Kashifu Abdallah Inuwa, while addressing stakeholders in Abuja, said for the avoidance of doubt, NITDA is resolute that the action of a few individuals does not represent thousands of hardworking professional Nigerians with exemplary careers in Information Technology. “Ni
Smartphone sales fall in second quarter

Smartphone sales fall in second quarter

Technology
Global smartphone sales slipped to a 1.7 per cent decline in Q2 2019 totalling 368 million units, as the demand for high-end devices slowed, Gartner found. The research company’s Senior Research Director, Anshul Gupta, said there was a bigger slowdown in take up of premium devices, over midrange and low-end smartphones, and manufacturers tried to boost replacements by bringing premium features from their flagships into lower-end models. While the overall market declined, Huawei and Samsung still experienced a strong quarter, with both vendors exhibiting strong annual sales increases of 16.5 per cent and 3.8 per cent respectively. Samsung sold 75.1 million units, giving it an overall market share of 20.4 per cent, while the Chinese vendor sold 58 million smartphones, giving it
Amazon, Microsoft, ‘putting world at risk of killer AI’: study

Amazon, Microsoft, ‘putting world at risk of killer AI’: study

Technology
Amazon, Microsoft and Intel are among leading tech companies putting the world at risk through killer robot development, according to a report that surveyed major players from the sector about their stance on lethal autonomous weapons. Dutch NGO Pax ranked 50 companies by three criteria: whether they were developing technology that could be relevant to deadly AI, whether they were working on related military projects, and if they had committed to abstaining from contributing in the future. “Why are companies like Microsoft and Amazon not denying that they’re currently developing these highly controversial weapons, which could decide to kill people without direct human involvement?” said Frank Slijper, lead author of the report published this week. The use of AI to allow weapon
Intermodel Transportation

Intermodel Transportation

Environment, Technology, TRANSPORTATION
The challenges of intermodality is to keep the goods moving by reducing delay when a transfer is made from one mode to another. Pundits have described this as a form of warehousing at “zero miles per hour”. If the movement of goods is stalled for any length of time during transport or at modal interchange points, it is warehousing, not intermodality. ) MORE ECONOMICAL Last, but not least, using this kind of transportation can also save you some money. Sometimes, even if intermodal shipping requires a long delivery time, it might still be economically better for shippers who don’t have such a short deadline. For example, your goods arrive at a port and the operation could be either completed by plane or train. Although air freight would be the fastest option, using rail for the rest o
Nigeria’s internet download speed ranks one of slowest in the world

Nigeria’s internet download speed ranks one of slowest in the world

Technology, TECHNOLOGY
Nigeria’s internet download speed has gone from bad to worse as a report from the UK-based price comparison website, Cable, revealed that the country’s internet download speed is one of the slowest in the world. According to the report, Nigeria’s internet download speed is ranked 176th of 207 countries measured globally. The report further shows that it takes an average of over 7 hours (7:18) to download an HD movie of 5GB in Nigeria. This means that Nigeria’s internet download speed has deteriorated in the past two years from 95th in 2017 to 176th in 2019. Top ten countries: Taiwan has the fastest internet download speed in the world. In Taiwan, an HD movie of 5GB takes 8:02 minutes to download. According to the report, the economy of Taiwan relies heavily on digital infrastr
How Cable TV could die in Nigeria

How Cable TV could die in Nigeria

Technology
It’s a football weekend, but something is missing. The usual deafening screams and chants have gone silent; the football viewing center in your street has been replaced by a grocery store. Not because people are no longer watching matches, but this is 2030 and no one needs Cable TV.                         Yes, you read right. This is not an improbable scenario, as the media world is undergoing an organized disruption in the distribution of broadcast content and programmes globally. This time, it’s cable TV companies that are at the receiving end. Ironically, the Cable TV market brought about the end of the dominance of terrestrial free-to-air services in the late 2000s. Now, the wind of cha
Boeing partners with Kitty Hawk to develop a flying taxi

Boeing partners with Kitty Hawk to develop a flying taxi

Innovation, Technology
With motorbikes, tricycles, and vehicles out of the way, the next transportation you will be hailing or booking through an app would be flying taxi. This is because Boeing has announced plans to collaborate with Kitty Hawks to make this possible. Boeing says its collaboration is aimed at advancing air mobility which will usher-in a disruption in the aviation industry like the one experienced by ground transportation companies. While there’s no much information about the extent at which work has gone, Boeing wants to transform the way people, goods and ideas will be transported in the future. With this new phase of technology development, Boeing has shown that plane crashes and global ban of one of its most sought after aircraft models will slow its growth. Reacting to the part
New technology could help prevent sickle cell anaemia

New technology could help prevent sickle cell anaemia

Tech, Technology, TECHNOLOGY
A Professor of Anatomy, Oladapo Ashiru, has said that with the advent of technology, sickle cell parents could avoid giving birth to children with sickle cell anaemia. Ashiru in an interview with our correspondent, in commemoration of World’s Sickle Cell day,  said it was important for everyone to know their genotypes before going into any relationship that would lead to marriage. He said, “For those who are married and are sickle cell carriers, the danger is that they can have a child with the full blown sickle cell disease. In this age, there should be no reason why they should bring a sickler into the world because there are now technologies available to determine the genetic composition of a baby before the embryo is implanted. “We now have infrastructure in Nigeria which
Nigeria’s economy’ll be driven by technology, not oil – Osinbajo

Nigeria’s economy’ll be driven by technology, not oil – Osinbajo

Economy, Technology, TECHNOLOGY
The Vice President, Prof. Yemi Osinbajo, says the growth of the Nigerian economy will mostly be driven by technology and not the oil and gas industry. Osinbajo made this known at the unveiling of PricewaterhouseCoopers’ Innovation Experience Centre in Lagos on Wednesday. The Vice President, who was represented by the Director-General of the Budget Office, Ben Akabueze, said the centre was in line with the present administration’s plan to improve the ease of doing business, transform the economy and boost technology adoption. “The PwC Experience Centre is in line with the smart technology initiative of the government. As an administration, we recognise that Nigeria’s future does not lie in oil and gas but more in technology and innovation. This is anchored on moving the economy