Technology

Nigerian fintech startup, I-invest generates approximately ₦2 billion in 6 months

Nigerian fintech startup, I-invest generates approximately ₦2 billion in 6 months

Technology
Africa’s first treasury bills investment app, I-invest, has generated about 2 Billion Naira worth of investments from its active users in less than 6 months. The Nigerian company, Parthian Partners, developed the investment app which does not only facilitate investment in treasury bills but also helps to foster a savings culture, has said that it has doubled its one year target in less than 6 months. Speaking from their Ikoyi Office, Oluseye Olusoga, the CEO of Parthian Partners, said “We are happy that we were able to make this much of an impact at such a short time. This helps us solidify our goal of playing our part in building Nigeria’s economy. The more people invest with the app, the bigger the money market becomes.  This he believes is a step in the right direction although It wi
Heritage Bank debuts HB Lab for Tech Startups to boost economic growth

Heritage Bank debuts HB Lab for Tech Startups to boost economic growth

Corporate Reports, Technology
Heritage Bank Plc, Nigeria’s most innovative banking service provider, is set to adopt a focused approach that removes barriers and galvanizes the critical sector of the economy with the launching of its innovation accelerator programme tagged, “HB LAB”. The maiden edition of HB LAB is a 12-week program, expected to provide technology startups with the enabling environment, resources, and support required to innovate and accelerate impactful solutions with the potential to radically improve financial Inclusion/Intermediation, agriculture and other related problems affecting critical sectors of the economy.   Speaking on the HB LAB, the MD/CEO of the bank, Ifie Sekibo explained that in Nigeria, technology startups still account for a relatively small share of all businesses, but the
Space Science capabilities earn South Africa global recognition

Space Science capabilities earn South Africa global recognition

Technology
South Africa’s international reputation has also been enhanced, with the country now seen as a leading player in the space science sector South Africa has won an extraordinary victory in space science, with the South African National Space Agency (SANSA) being selected by the International Civil Aviation Organisation (ICAO) to become the designated regional provider of space weather information to the entire aviation sector using African airspace. This means that every aircraft flying in the continent's airspace will rely on SANSA for the space weather information it needs to submit as part of its flight plan. Space weather, which can influence the performance and reliability of aviation and other technological systems, is caused by the Sun, the nature of the Earth's magnetic field an
FG Establishes 42 Technology Transfer Centres

FG Establishes 42 Technology Transfer Centres

Economy, Inside, News, Technology
The Federal Government has established 42 technology transfer centres in order to encourage market-oriented researches across the country, the Minister of Science and Technology, Dr Ogbonnnaya Onu, has said. Onu said this at the commemoration of the African Day for Technology and Intellectual Property in Abuja on Thursday. According to the minister, the technology transfer centres, established through the National Office for Technology Acquisition and Promotion, is a recognition that research should be driven by the needs of the industry rather than a mere academic pursuit. The African Day for Technology and Intellectual Property, commemorated on September 13 of every year, aims to encourage nations on the continent to arouse the innovative spirit of Africans in order to facilitate h...
Firm Launches Technology To Boost Agric

Firm Launches Technology To Boost Agric

Agriculture, Business, Inside, Technology
Wells Hosa Green House Farms has launched a Hydroponic Technology, a method of growing plants in controlled environments, using mineral nutrients in water and no soil. The technology is created from different systems integrated by irrigation, fertilisation and pest control, to obtain increase in the plants growth and nutrients, as compared with traditional open field methods. The firm explained that the technology had been positioned to help revolutionise the tomato industry in Nigeria and impact the entire agricultural sector of the nation. The chief executive of Wells Hosa Farm, Captain Hosa Okunbor, said this in a speech he delivered in Benin. “Also, it aims at satisfying both domestic and export demand of horticultural products and increasing non-oil exports in the international
Banks Should Adopt New Technology To Curb Fraud – Experts

Banks Should Adopt New Technology To Curb Fraud – Experts

Inside, News, Technology
Deposit Money Banks have been urged to be quick in adopting new technology and systems to curb fraud in the nation’s financial services industry. Technology experts, who spoke in separate interviews with our correspondent, said there was a need for banks and other financial institutions to regularly upgrade their technology facilities to block loopholes and improve systems. With the increase in the use of mobile phones for financial transactions and online purchases, the level of fraud in the industry has risen in recent years. The Chief Executive Officer, VoguePay, Michael Simeon, said stronger and more refined technologies should be adopted by banks. According to him, by evidence, technology has done more good than harm in the financial services industry by creating jobs and opport
Feedbackhall.com, Online Platform Targets Consumers’ Satisfaction

Feedbackhall.com, Online Platform Targets Consumers’ Satisfaction

Inside, News, Technology
To allow consumers share product experience and provide firms feedback directly from their customers in real-time, Feedbackhall.com has launched its online platform in Nigeria. The platform, which is the first comprehensive consumer opinion site, is leveraging on technology to improve consumer satisfaction on goods they consume.This is in line with the international consumer rights law and the Consumer Protection Council of Nigerian (CPC), which posited that consumers have a right to be informed, educated and satisfied with basic needs and they have responsibility to be aware, inform producers of their expectations, and inform businesses and other consumers about their experiences.Speaking during the launch of the platform, Founder, Feedbackhall.com, Dr. Chiugo Kanu...
Security Operatives Task Nigerians On New Online Threats

Security Operatives Task Nigerians On New Online Threats

Inside, News, Technology
Security operatives in the country have beckoned on Nigerians to keep abreast of latest technologies in order not to fall prey to online predators.According to them, numbering over 40 from across 15 security agencies, they gathered at the Global Accelerex Cyber Crime Seminar for Nigeria’s Security Agencies in Abuja, last week and canvassed for new model in tackling cyber breaches, which to them has become highly prevalent worldwide. From the Nigerian Navy, Commodore Hamza Ibrahim said Cyber Security is about process, technology and people, adding: “The human element must be constantly strengthened and nurtured through continuous training and education. This seminar is therefore an avenue to build capacity and create awareness, which is critical to the improvement of security operations.
Lagos ICT Cluster Project Takes Off, Targets More Investments

Lagos ICT Cluster Project Takes Off, Targets More Investments

Inside, News, Technology
The Lagos State Government has announced the commencement of the Yaba Information and Communications Technology (ICT) Cluster project, termed: KITE@Yaba. KITE, which stands for Knowledge, Innovation, Technology and Entrepreneurship, is to provide an enabling environment that will facilitate and support the development of a technology cluster and ecosystem within the Yaba District of Lagos. It is expected that this initiative, which is being championed by Governor Akinwunmi Ambode, will contribute significantly to the economic development of Nigeria and position Lagos State as the hub for innovation in the country, and preferred destination for technology investors and innovators. The State Commissioner for Science and Technology, Hakeem Fahm, on Monday, noted that KITE@Yaba is a publ...
ISPs Struggle, Connect 219,117 Subscribers To Internet

ISPs Struggle, Connect 219,117 Subscribers To Internet

Inside, News, Technology
The growth profile of licensed Internet Service Providers (ISPs) in the country has continued to plummet.Statistics obtained by The Guardian from the Nigerian Communications Commission (NCC) confirmed this. The statistics revealed that out of the 219,117 connections, only about 126, 378 users are active on the Internet through the ISPs as at first quarter 2018. These connected lines were made possible by the efforts of 23 ISPs, including Spectranet, IS Internet Solutions, VDT, Cobranet, e-Stream, Cyberspace, MainOne Cables, Juniper Solutions, Backbone Connectivity, Hyperia, ipNX, Zeta-Web Nigeria, Ekovolt Telco Nigeria, Layer 3 Ltd, NetAccess Communications Nigeria, among others. The implication of this is that the Mobile Network Operators (MNOs), including MTN, Globacom, Airtel and ...