TECHNOLOGY

Nigeria’s Internet Exchange Point Grows Local Traffic By 10,000% In Five Years

Nigeria’s Internet Exchange Point Grows Local Traffic By 10,000% In Five Years

Business, Inside, News, TECHNOLOGY
The Internet Exchange Point of Nigeria (IXPN), has grown traffic on its network by over 10,000 per cent in the last five years, and currently exchanges over 110 gigabits per second of traffic. The Chief Executive Officer of IXPN, Muhammed Rudman, who disclosed this in Lagos, explained that the measurement of this growth in traffic was from 2013 to 2018. He largely attributed the connection of some international content service providers to the exchange point as one of the reasons for the growth. An Internet exchange point (IXP) is a physical infrastructure that allows several Internet Service Providers (ISPs) and network operators to exchange traffic between their networks, generally referred to as autonomous systems.The Guardian gathered that Nigeria has about five spread across the re...
Access Kicks Off WhatsApp Banking

Access Kicks Off WhatsApp Banking

Business, Inside, News, TECHNOLOGY
Access Bank Plc has broken new boundary with the “Access WhatsApp Banking”, which showed that the days of brick and mortar banking is fast becoming losing attraction and patronage. With the platform, customers can now perform transactions like account opening, transfers among Access Bank accounts, BVN display, balance enquiry and Payday loan requests. Designed to provide customers with easy and reliable banking transactions, the banking service allows users to automate most parts of the banking experience, providing customers the ease of remote banking with the efficiency of the best personnel and the intimacy of a customized experience. The bank’s Executive Director, IT and Retail Operations, Ade Bajomo, said the lender has continued to keep the pace in the digital banking revolutio
Local Software Developers, Others Decry Govt Apathy To Local Content Implementation

Local Software Developers, Others Decry Govt Apathy To Local Content Implementation

Business, Inside, News, TECHNOLOGY
Information and Communications Technology, ICT, practitioners, including the local software practitioners, ICT media advocacy groups and other professionals in the industry have condemned what they described as government apathy towards full implementation of local content policy in the ICT sector. Although the call has become recurrent in recent times, it however, was the major topic of the third quarter forum of the Nigerian ICT Reporters Association, NITRA, in Ikeja, Lagos at the weekend. In his opening remarks, as the Chairman of the event, Managing Director, e.Stream Networks, Engr. Muyiwa   Ogungboye, said that Nigeria may not harness the full benefits of liberalisation of ICT sector unless the government took necessary action towards implementation of local content policy at all
How Technology Solves Business Challenges In MSMEs Sector

How Technology Solves Business Challenges In MSMEs Sector

Business, News, TECHNOLOGY
From available statistics, the major problem of Nigerian informal sector is lack of proper data. This challenge also undermines the support that should ordinarily stroll into the businesses of micro, small and medium enterprises, MSMEs. Insufficient data As a business rule, when investors, either local or foreign banks, among others, who desire to inject funds into these businesses, struggle to get accurate information that will give them confidence, withdrawal becomes, most likely, the alternative. Tech solution However, at a forum tagged: The Economic Forum Series on MSMEs, organised by Vanguard Media Ltd, stakeholders in information and communication technology, ICT, highlighted some of the possible solutions technology can quickly bring to the sector. For instance, a Tax Part...
Experts Advise Banks, Others On Software, Service Delivery

Experts Advise Banks, Others On Software, Service Delivery

Inside, News, TECHNOLOGY
ServiceDesk Plus, software developed by ManageEngine, is helping banks, telecom firms and other companies manage vulnerabilities or disruptions that adversely affect service delivery and reduce output. According to a statement by the company, the Lead Product Support, ManageEngine, Charles Arokiaraj, said the software, available in Nigeria under the partnership of Tranter IT Infrastructure Services Limited, provides new opportunities for banks and other leading sectors in the economy to protect their internal and external customers and provide excellent services. Speaking during a workshop organised by ManageEngine for IT experts in Lagos, he said ServiceDesk Plus had helped companies using the software to monitor their IT networks and make their operations to work seamlessly. “We
UBA Named Best in Digital Banking

UBA Named Best in Digital Banking

Banking & Finance, Inside, News, TECHNOLOGY
United Bank for Africa Plc says it has been named Africa’s best bank in the digital category of the Euromoney Awards in London. The bank said in a statement that the award further gave credence to its dominance in the digital banking space. It said the selection process of the awards was based on quantitative and qualitative data to honour institutions that brought the highest levels of service, innovation and expertise to their customers. “In a bid to be the undisputed leading financial services industry in Africa in the area of innovation and technology, we have steadily included new and emerging trends to our range of solutions in branches, across subsidiaries and on digital platforms,” UBA said in the statement. It described the emergence of its chatbot, Leo, as a continuou
Expert Urges FG to Invest in Technology

Expert Urges FG to Invest in Technology

Inside, News, TECHNOLOGY
The Senior Partner and Head, Technology Advisory and Market, KPMG Nigeria, Joseph Tegbe, has charged federal government to actively invest in growing the country’s technology infrastructure. Tegbe who disclosed this recently in Ibadan, noted that the ubiquitous nature of internet had made it important for government to invest in technology especially e-governance assets such as digital channels, application, and online platforms that link citizens to the public sector to promote efficiency. He also stated that infrastructural developments are key drivers to economic growth, adding that the World Economic Forum had estimated that every dollar spent on capital projects generates an economic return of five to 25 per cent. He said: “Long before now, the focus of infrastructural developmen
EFInA Sees Huge Fintech Opportunities in Nigeria

EFInA Sees Huge Fintech Opportunities in Nigeria

Features, Innovation, Inside, News, TECHNOLOGY
The Enhancing Financial Innovation and Access (EFInA) has raised the hopes about huge market opportunities for Financial Technology (Fintech) companies in Nigeria. At a forum it organised in Lagos, EFInA, a financial development organisation funded by DfID and Bill and Melinda Gates Foundation, said to really explore the opportunities in underserved and unserved areas in the country, Fintech operations can be expanded to accommodate them. EFInA, launched in 2009, disclosed that through its Innovation Fund, it targets the economically deprived population, saying the fund shares risks with Financial Service Providers (FSPs) by providing grant subsidies through the Technical Assistance Grant and the Innovation Grant to the amount of $250,000 and $2,000,000 respectively. The focus are...
NEPC, FIIRO Partner On Technology Transfer, Export

NEPC, FIIRO Partner On Technology Transfer, Export

Economy, News, TECHNOLOGY
The Executive Director of the Nigeria Export Promotion Council (NEPC), Olusegun Awolowo has sought to partner with the Federal Institute of Industrial Research, Oshodi (FIIRO) on technology transfer for processing exported items to boost the nation’s non-oil export profile. Leading a delegation of the agency to FIIRO to identify research findings that are commercialisable and good enough for exports, Awolowo stressed on the need to move Nigeria from an import economy to an export economy, citing a partnership with FIIRO as a means to such end. On her part, the Director-General/Chief Executive Officer of FIIRO, Gloria Elemo expressed gratitude to NEPC for believing in technology fabricated by FIIRO, adding that this would further strengthen the ties between FIIRO/NEPC. She noted th
Diamond Bank Partners MTN, Others To Unveil Tech Fest

Diamond Bank Partners MTN, Others To Unveil Tech Fest

Enteprise, Innovation, Inside, News, TECHNOLOGY
Diamond Bank has partnered with major players in the Information and Communication Technology (ICT) industry to launch “Tech Fest”, a platform for technology entrepreneurs, to showcase their innovations. Speaking at the official unveiling of Tech Fest in Lagos, Chief Executive Officer of Diamond Bank (CEO), Uzoma Dozie, said, “Tech Fest, for me, is a platform that we can share with our customers to help them get the best of technology and to partner to run better businesses.” Dozie added that, “If there is one thing we have learned at Diamond, it is that you can’t do everything on your own and you need to collaborate if you are going to win and be the best at what you do.” The event slated for May 15 and16, 2018, in Lagos, will hold in partnership with MTN, Visa, Microsoft, NIBSS,