Technology

Customs to Deploy Drones to Check Rice Smuggling

Customs to Deploy Drones to Check Rice Smuggling

Business, News, Technology
The Nigeria Customs Service on Monday vowed to deal ruthlessly with those involved in the smuggling of prohibited items, particularly rice, saying that it was working with the Nigerian Air Force to deploy drones for border surveillance. The Deputy Comptroller-General, Enforcement, Investigation and Inspection, NCS, Aminu Dangalidima, said this during the issuance of 30 additional Toyota Hilux patrol vehicles to the Strike Force team of the service. The 30 patrol vehicles brings to 50 the total number of vehicles issued this month to the team. The DCG said with the release of the vehicles, the service was in a better position to check the activities of rice smugglers. He stated, “The issuance of the vehicles is part of the Federal Government’s support to curtail smuggling of p
How Smart Technologies Will Drive Africa’s Electrical Expansion

How Smart Technologies Will Drive Africa’s Electrical Expansion

Africa, Business, Innovation, Inside, Tech, Technology, Urban
The use of advanced metering technologies is steadily on the rise in Africa, but, to evolve the business models of the electrical utilities operating on the continent, utilities still need to harness the full digital potential of technologies such as smart metering.   This is according to Abraham Ortega, Senior Executive Consultant at state-of-the-art electrical equipment and solutions provider, Hexing, who says that smart meters have already improved the operation of many utilities, contributing to increased grid stability. “However, smart metering is just the tip of the iceberg. When incorporated into an advanced, fully integrated system, utilities will be able to significantly change the way that they operate. The continuing challenges faced by utilities can only be overcome by introd
Tejas Networks To Expand ICT Products in Nigeria

Tejas Networks To Expand ICT Products in Nigeria

Business, Inside, News, Technology, Telecommunication
Tejas Networks Limited, a global optical and data networking company of Indian origin, has said that it plans to expand the provision of its ICT products to Nigeria. According to a statement, the Co-founder, Tejas Networks Limited, Mr. Arnob Roy, the company has over 400,000 products which are deployed in 65 countries. He spoke in Lagos during the fourth Indo-African ICT Expo, saying, “We are a publicly listed company in India that designs, develops and manufactures state-of-the-art telecommunication products for India and the world. We are the leader in India’s highly competitive optical aggregation market and are rapidly expanding our international presence. “When we started developing our international business, we realised that the products that we were selling in India were
AMCON Seeks Support For Human Capital, Tech Development

AMCON Seeks Support For Human Capital, Tech Development

Business, Inside, News, Technology
Asset Management Corporation of Nigeria (AMCON) has called for the support of the present leadership in sustaining the improved attention to human capital development, science and technology. The nation’s “bad bank” said the support would serve as a way of moving the Nigerian economy away from a resource-based one to a knowledge-based model. The Managing Director/Chief Executive Officer of AMCON, Ahmed Kuru, who gave the charge at the 2018 Institute of Directors (IoD) Fellows’ Luncheon, in Lagos, said it is heartwarming to know that government is thinking diversification, which would ultimately launch Nigeria on the path of economic growth. He said it was a shame that Nigeria has remained where it is today because of some bad decisions of the past, which denied it the desired econ
Government To Advance Agriculture, Health Care Through ICT

Government To Advance Agriculture, Health Care Through ICT

Business, News, Technology, Telecommunication
The Federal Government on Thursday said that the country was set to leverage on the potential in Information and Communications Technology to advance its economy, agriculture and improved health care. According to the Minister of Communications, Adebayo Shittu, Nigeria is also prepared to join the rest of the world to mark this year’s World Telecommunication and Information Society Day in Ibadan, Oyo State. Shittu said the essence of the celebration was to raise awareness of the potential of ICT to advance economies and bridge the digital divide in the country. He stated that analysts had predicted that intelligent machines programmed to think and reason like the human mind would revolutionise health care in the very near future. The minister said, “The purpose of World Telecom
Paxful Expands Africa Investment With Launch of Nigerian Blockchain Incubator Hub

Paxful Expands Africa Investment With Launch of Nigerian Blockchain Incubator Hub

Africa, Inside, News, Technology
Paxful, a global peer-to-peer bitcoin technology company, is building a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The hub will provide a co-working space and services including mentorship, corporate and individual blockchain training, and networking for ICO advisors. Paxful has also appointed Chuta Chimezie as Regional Director of Africa. Based out of Nigeria, he will be responsible for conducting business operations, facilitating local and international brand awareness, creating educational content on behalf of Paxful, recruiting and overseeing the incubator's day-to-day operations. "Paxful is committed to fostering economic growth in Africa and helping the unbanked and underbanked gain access to the opportunities they ha...
Federal Government To Establish Regional ICT Hub in Yola

Federal Government To Establish Regional ICT Hub in Yola

Business, News, Technology, Telecommunication
A regional humanitarian hub on Information and Communications and Technology will be established in Yola, Adamawa State, in June this year, according to the Federal Government. According to the government, the ICT centre will bring young people in the North-East together in order to create solutions to address the challenges in the region, using technology. The Special Assistant on Innovation and Entrepreneurship to the Vice President, Ife Adebayo, disclosed this in Abuja on the sidelines of the inauguration of the Gallery of Code, a research, development and creativity laboratory. Adebayo said, “What is happening here at the Gallery of Code is quite amazing because these are the things that the government has continued to push. As a government that is very interested in young peo
Nigeria’s ICT Market Loses Billions as Foreign Firms Control 80% Share

Nigeria’s ICT Market Loses Billions as Foreign Firms Control 80% Share

Inside, News, Technology, Telecommunication
Despite the enormous growth and influence Nigeria’s Information and Communications Technology (ICT) sector has recorded in the last 20 years, activities of local firms remain low, making foreign firms to continue to dominate. Currently, foreign brands, especially in the computing segment, control over 80 per cent of the market, leaving about 20 per cent to some indigenous players. Multinational ICT manufacturers like Samsung, HP, Dell, Acer, Asus and vendors (Huawei, ZTE and Ericsson) continue to take control of the hardware market. This leaves indigenous operators like Zinox Computers, Brian Integrated Systems, among others, to battle to ensure that they are not pushed out of the market completely. It was also learnt that about four million ICT devices enter the country on a mont
UBA Contactless Cards Hit Industry High of 3m

UBA Contactless Cards Hit Industry High of 3m

Features, Finance, Innovation, Technology
United Bank for Africa (UBA) Plc. says it has issued over three million near field communication (NFC) technology enabled contactless cards to its teeming customers. The contactless cards, introduced in 2015, are a revolution in the payments landscape in Nigeria in 2015, which enable customers to pay with ease by leveraging the NFC technology. The NFC technology allows wireless communication between devices that are a few centimetres apart.The NFC payment Card uses microchips/antenna to transmit data via shortwave radio frequencies. Usually, when one NFC-enabled device is close enough to another NFC device, a connection can be established and data shared between them. The card communicates data to the reader to initiate and complete the transaction using NFC technology. UBA with o...
Agriculture, Trade, Other Services Dominate Economic Activities in Q3 2017,Says NBS

Agriculture, Trade, Other Services Dominate Economic Activities in Q3 2017,Says NBS

Business, Economy, Features, News, Technology
Agriculture, trade, other services, manufacturing and professional, scientific and technical services dominated economic activities in the third quarter of 2017, the National Bureau of Statistics (NBS) has said. The NBS in its labour force statistics volume 2: employment by sector report, which was released yesterday, stated that the sectors attracted 84.40 per cent of the total workers in Nigeria, amounting to 64.67 million workers. Of the 85.08 million labour force of Q3 2017, the report showed that 77.55 million employees were engaged in some economic activities for at least an hour a week, while 7.53 million did nothing. The report explained until the third quarter of 2017, 48.19 per cent of all workers in Nigeria were engaged in agriculture, in which 29.59 per cent worked ful...