Technology

Experts Identify Best Practices To Enhance Digital Banking

Experts Identify Best Practices To Enhance Digital Banking

Business, Inside, News, Technology
Best practices will be crucial to enthroning a digital banking system in Nigeria, and according to experts, would enable players’ to be committed to repositioning the country’s financial landscape. This idea came to the fore at the weekend in Lagos, when Inlaks, a leading system integrator in sub-Saharan Africa, in partnership with Temenos, the global banking software company, HID, an American manufacturer of secure identity solutions, and the Central Bank of Nigeria (CBN), brought stakeholders together at a forum for financial players. The forum highlighted how digital technology is reshaping the banking industry, and provided in-depth insights into various market trends and advances both locally and globally. Presenting a keynote with the theme: “Banking in the Digital Age
FG To Drive Youth Entrepreneurship With Technology

FG To Drive Youth Entrepreneurship With Technology

Business, Inside, Start-ups, Technology
The federal government has unveiled plans to drive youth entrepreneurship in the country through the use of technology.The Vice President, Prof. Yemi Osinbajo, disclosed this at the Student Innovation Challenge (SIC) South West regional demo day held at the University of Lagos. Osinbajo stated: “The best of technological companies started from the universities and this is why we have decided to build technology hubs in the six geopolitical zones, starting at the University of Lagos. “Everybody knows where the smart money is looking and we all know that the universities are the best place to get the very best talents because we believe it is what is needed to shape the future of the country.” The vice president added that government is partnering with the United Nations Development Progr
Nigeria to Drive Youth Entrepreneurship With Technology

Nigeria to Drive Youth Entrepreneurship With Technology

Enteprise, News, Technology, Youth
In a bid to achieve a knowledge-based economy in the near future, the federal government has unveiled plans to drive and support youth entrepreneurs in the country deploying the use of technology. The Vice President, Yemi Osinbajo, stated that the federal government has concluded plans to build technological hubs in the six geopolitical zones, pointing out that it is the way to shape the future of the country. The Vice President at the Student Innovation Challenge (SIC) South West regional demo day held at the University of Lagos, said “The best of technological companies started from the universities and this is why we have decided to build technology hubs in the six geopolitical zones starting at the University of Lagos. “Everybody knows where the smart money is looking and we a
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