Sunday, October 25African Business News
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NITDA to tighten nose on data protection through new Bill

NITDA to tighten nose on data protection through new Bill

Technology, Technology & Innovation
The National Info Technology Development Agency (NITDA), is to send a new Bill on Data Protection to the National Assembly, and if passed into law, would ensure stringent protection of personal data and regulation of the processing of personal information.   This comes as the Federal Government said it earned N12.650 million from the Data Protection Compliance Organisations (DPCO) Licensing and Audit report filing, while over 2,686 new jobs have been created. Director-General of NITDA, Kashifu Inuwa Abdullahi, who disclosed this at the presentation of the Nigeria Data Protection Regulation Performance Report 2019-2020, in Abuja, noted that on May 25, 2018, the General Data Protection Regulation (GDPR) of the European Union (EU) came into force. The GDPR impacted the sm...
Experts seek tech, data adoption for oil industry recovery post-COVID-19

Experts seek tech, data adoption for oil industry recovery post-COVID-19

Technology
Experts in the global oil industry have called for the adoption of technology and data analytics to boost the sector recovery post-COVID-19, noting that the pandemic has accelerated technology adoption as an integral component of projects and cost-reduction measures. Speaking during a webinar organised by Microsoft in conjunction with Africa Oil & Power, themed: “Leveraging the Power of Technology for Oilfield Optimisation,” the experts said digital applications are capable of uniting real-time data with advanced analytics, to improve decision-making, and boost efficiency and sustainability. Specifically, Global VP, Digital, Analytics, and Innovation/Chief Innovation Officer, McDermott, Vaseem Khan, said technology had presented Africa the opportunity to leapfrog traditional oil ...
Lender commits to value addition, excellent service

Lender commits to value addition, excellent service

Technology
First City Monument Bank (FCMB), has restated its commitment to providing the very best of service delivery and value-added offerings that will consistently enhance the experience of its teeming customers at every touchpoint.   The Bank further assured that it will continue to leverage on its solid business models, highly professional staff, innovation, bespoke solutions, and technology to turn the aspirations of customers into life-changing opportunities. FCMB gave the assurance in a statement to commemorate this year’s International Customer Service Week, holding from October 5 to 9, themed, “Dream Team”, which highlights the importance of teamwork in providing outstanding service to all customers at this challenging period. The Customer Service Week, which started 3...
Experts harp on technology adoption to drive sustainable growth

Experts harp on technology adoption to drive sustainable growth

Appointments, Technology
Experts have described the adoption of technology as leeway to driving insights for sustainable market share since companies are more focused on growing sustainably. They argued that it was critical to get such insights to support the right growth and avoid constraints limiting their capacity to actualise planned growth. Speaking during the Future Ready Webinar, themed, “Technology-Driven Automation and Incentive to Unlock Consumer Insight,” Managing Director, Grand Cereals Limited, Alex Goma, said Nigeria could take a cue from countries that had leveraged technology to grow exponentially. He said leveraging technology to understand consumer behavioural patterns, and drawing actionable insights to achieve accelerated growth for businesses was paramount. He mentioned constraints...
Experts task firms on cyber security amid rising digital risks

Experts task firms on cyber security amid rising digital risks

Technology
Stakeholders in the insurance industry and Information Technology (IT) have stressed the need for organisations to take preventive measures against the risks posed by cyber-attacks and fraud to safeguard businesses during and after the COVID-19 pandemic. This was the focus at a webinar meeting, where global industry thought leaders and subject matter experts x-rayed the rising cyber-risks in local and international businesses, as well as the various ways to mitigate the threats and attacks. The meeting was championed by Leadway Assurance Company Limited. Speaking, Partner, Technology Advisory Services, KPMG Nigeria, John Anyanwu, said: “Since the start of the pandemic, there has been increased dependency on the internet and mobile apps, as well as digital channels. This has broug...
Opinion piece: Nigeria represents a huge potential market for RCS

Opinion piece: Nigeria represents a huge potential market for RCS

Innovation, Technology, Technology & Innovation
The most popular communications channel in many parts of the world – the Short Message Service (SMS) – is rapidly evolving into a technology that businesses can leverage to keep up with the changing demands of today’s connected consumer. The next iteration of this technology, known as Rich Communication Service (RCS), is an advancement that will offer enhanced features to the standard SMS experience. Soon to be native on all mobile devices, this messaging service can now stand shoulder to shoulder with the world’s most popular chat apps. Despite huge uptake since its introduction in the 1990s, SMS has, up until now, evolved very little unable then to deliver the rich communication experience that today’s smartphones are able to support with other channels, such as WhatsApp. At the same ti...
Fintechs push insurance schemes for West Africans

Fintechs push insurance schemes for West Africans

Technology
Financial Technology companies are currently pushing insurance schemes for millions of West Africans, especially in Nigeria.  The firms, Aella and Hygeia HMO, which recently got bolstered by a $10 million funding round are billed to serve financially excluded populations in West Africa and other emerging markets, with health insurance.  The scheme is a partnership agreement between the two firms.  AellaCare, a health insurance scheme, offers a comprehensive and accessible micro-health insurance service that overcomes obstacles that keep millions from accessing financial services such as geographical or regulatory inaccessibility, lack of access to banking institutions, confidence concerns or needs that existing financial schemes can not solve. They aveered that ...
FiberOne Broadband expands further within Lekki

FiberOne Broadband expands further within Lekki

Technology
FiberOne Broadband this month has expanded its Fiber to Homes and Offices coverage areas to better meet the needs of her growing customers. This means that more families and businesses within the Lekki Area can enjoy unlimited broadband connection. “We are thrilled and excited to announce that our world class Fiber to the Homes (FTTH) service is now available in new areas in Lekkilike Fola Osibo Rd and environs, Freedom Way, all of Lekki Phase 1 – zone 10, The whole of Oniru estate and environs” said Joda Kehinde, COO FiberOne Broadband. “With the addition of the new areas, and further expansions ongoing,we are a step closer to achieving our goal of being the number one choice when it comes to Superfast Fiber to the Home (FTTH) Broadband in Nigeria.” FiberOne broad...
Dentsu Aegis network launches data labs

Dentsu Aegis network launches data labs

Technology
Dentsu Aegis Network Sub-Saharan Africa (SSA) has launched Dentsu Data Labs to lead the way in data intelligence and consultancy, marketing technology and audience insights. Dentsu Data Labs has a valuable data offering, with the combination of their proprietary research they have done in the African region over the last five years. The unique way they have combined it with digital client ID’s and media owners data sets is drastically increasing the relevance of the creative and content served to every consumer. The results have shown drastic increases in performance. Their strength lies in their owned Customer Data Platform, which manages and protects anonymised personal consumer information, allowing the division to build customised audiences for clients across the region that will dr...
Slow global Internet connection imminent over work-from-home policies, streaming demand

Slow global Internet connection imminent over work-from-home policies, streaming demand

Technology
With many companies implementing a mandatory work-from-home policy as a precaution against coronavirus, widespread adoption could lead to global Internet connectivity issues, experts warn. Similarly, demand for bandwidth continues to be on the rise following cancellation of many sporting events, with many switching to streaming services like Netflix, YouTube among others for contents. It was gathered that the added strain of remote access, video conferencing and the use of VPNs might cause some difficulties for the Internet’s infrastructure. Besides, domestic broadband for customers served by an antiquated copper-wire network would be worst affected and could see a data bottleneck.Some companies in USA, UK, South Korea, China, and part of Europe, including Spain, have initiated t...