GTBank Records Milestone With Tier III Design Certification

Image

By Adedapo Adesanya

The data centre of Guaranty Trust Bank (GTBank), built with support of its technical partner, Resourcery Plc, has achieved Uptime Institute Tier III Design Certification, making it the first in Africa to achieve this feat.

Resourcery Plc partnered with the lender, its architects and structural engineers to design and implement the technologies within the stand-alone data centre which following the Central Bank of Nigeria (CBN) directive stipulating that data centre infrastructure and facilities for financial institutions shall satisfy the requirements for Uptime Institute Tier III design and construction.

This directive by the nation’s apex bank requires that all commercial banks design, implement and manage a Tier III Data Center infrastructure to enhance the capacity, cost effectiveness and efficiency of banking services in line with best global practices.

Solutions Manager, Network Infrastructure at Resourcery Plc, Mr Tunde Eso, said as a leading system integration firm in West Africa, the firm offers cutting edge IT solutions.

“Indeed, we are glad to have provided GTBank with the Uptime Institute Tier III Design Award and the technical support required to achieve certification of their data centre facility,” he said.

On her part, the Head of Sales & Business at Resourcery Plc, Ms Angela Chike-Dike, added that, “Resourcery Plc is delighted with the milestone achievement of GTBank as the first Nigerian commercial bank to privately own a Uptime Institute Certified Tier III Design Data Center facility.”

Share
Related Stories
Image
21-February-2024

FG to Restructure, Recapitalise Bank of Agriculture for Better Value

By Adedapo Adesanya The federal government has revealed plans to recapitalise and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve national food security. This was one of the core revelations made by the Vice President, Mr Kashim Shettima, during the first meeting of the National Council on Privatisation (NCP) for the year 2024 at the Presidential Villa, Abuja on Tuesday. He said there is a central role that BOA could play in achieving national food security, citing its extensive branch network across all senatorial districts in the country. Mr Shettima, however, expressed concern about the

Image
13-February-2024

Tunisia Joins Nigeria, Others to Adopt PAPSS

By Adedapo Adesanya Tunisia, through its central bank, Banque Centrale de Tunisie (BCT), has joined the Pan African Payment and Settlement System (PAPSS), making it the first North African country and 13th country to be boarded on the platform. PAPSS, developed by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) Secretariat, facilitates real-time settlement of intra-African trade and payments, in African currencies, across the continent. The platform unites central banks from across Africa and seeks to address the existing challenges faced by African businesses and individuals in accessing

Image
24-January-2024

Fidelity Bank Restores Service After Routine Banking Platform Upgrade

By Aduragbemi Omiyale Fidelity Bank has announced the restoration of its service after a routine upgrade on its banking platform on Tuesday. Yesterday, some customers of the financial institution experienced a few difficulties in completing their financial transactions. The bank later sent a message to its customers, informing them of an upgrade being carried out to ensure they enjoy better services. “Please be informed we are currently carrying out a routine upgrade on our banking platform. “As a result of this, you may experience intermittent service disruptions while using our digital platforms. Kindly bear with us as the upgrade will

More Stories
Image
27-February-2024

FG Insists Power Sector Remains Key Priority

By Adedapo Adesanya The Vice President of Nigeria, Mr Kashim Shettima, has reiterated that the Light Up Nigeria Project, remains a part of the priorities set by President Bola Tinubu to revamp the nation’s economy and ensure rapid industrialization. Mr Shettima said the Project heralds renewed hope for industrialists, investors and Nigerians who had to bear the brunt of the country’s power challenges for so long. The Vice President spoke as he officially launched the Light Up Nigeria, Southeast Initiative in Enugu, describing it as the much-expected solution to the power supply deficit that has undermined the nation’s economy and

Image
12-August-2021

Dangote’s Net Worth Swells by $3bn in One Year

By Sodeinde Temidayo David The President and Chief Executive of Dangote Group, Mr Aliko Dangote, has again been named the richest man in Africa by Bloomberg, a position he has occupied for the eighth time in a row, with his net worth rising by $3 billion in one year. According to the index, which polls the net worth of the richest 500 people in the world released on Monday by Bloomberg in its yearly billionaires’ list, Mr Dangote’s net worth moved up to $17.8 billion from last year’s $14.8 billion. Mr Dangote was also the only Nigerian on the list

Image
16-August-2016

Ebube Nwagbo Plans Big For ‘Not Enough’ Premiere

After a rigorous drill at locations and editing studio, creative actress, Ebube Nwagbo, planned to make the premiere her hilarious cinema movie, ‘Not Enough’, starring actor cum model, Alexx Ekubo, among others a big one. This family oriented movie is produced by the movie star, Ebube Nwagbo and Ogonna Mbonu under PoshWorld productions. The film also stars talented and professional acts like Oge Okoye, Nazo Ekezie, Michael Bonny Bassey (Big Brother), Susan Zayat and Tina Amuziam. Though hilarious, the flick has a blend of tragic and comic elements attached to its plotting. The story surrounds two young sisters from an

Image
18-November-2021

Conflicts/Insecurity in Africa and Achike Chudi’s Solution

By Jerome-Mario Utomi It was at a recent gathering organised by one of the Catholic churches in Lagos aimed at creating new awareness to assist parishioners to keep abreast with the fuelling factors and possible steps that will cushion the socioeconomic impact of nagging insecurity in the country. The gathering had as a theme Heightening Insecurity in the Country: Exploring Ways to Mitigate Hardship, with Achike Chudi, a public affairs commentator and Vice President Joint Action Front (JAF) as the keynote speaker. On that day, at that time and in that place, while Achike examined the multiple layers of formal

Image
21-October-2020

Investors Lose N113bn as Blood Flows to Stock Market

By Dipo Olowookere The stock market in Nigeria reacted negatively to the shooting of peaceful protesters at the Lekki area of Lagos State on Tuesday night by the Nigerian Army. For about two weeks, some youths in the country have staged protests across the country, calling for police reform and an end to bad governance. Efforts to get them off the streets were futile and yesterday, some men of the Nigerian forces opened fire on demonstrators at the Lekki Toll Plaza, who had remained peaceful since the protest began. On Wednesday, at the Nigerian Stock Exchange (NSE), investors, who were

Image
14-March-2022

FBNQuest Merchant Bank Sells N15bn Commercial Paper

By Aduragbemi Omiyale A subsidiary of FBN Holdings Plc, FBNQuest Merchant Bank Limited, is selling commercial paper worth N15 billion to investors. The lending institution in the real estate industry is offering the debt instrument in two series and the exercise is expected to close on Tuesday, March 15, 2022. Business Post reports that series 1 is with 180 days maturity, while series 2 has 270 days tenor, according to details of the exercise. The discount rate for the six-month paper is 7.9275 per cent and has an implied yield of 8.2500 per cent, while the discount rate for the

Image
17-September-2016

How To Get Nigeria Out Of Recession—Dangote

By Dipo Olowookere Africa’s richest man, Mr Aliko Dangote, has explained how the Federal Government can take Nigeria out of her economic woes. Mr Dangote, speaking with exclusively CNBC Africa, advised President Muhammadu Buhari to start selling off some of the country’s assets. According to the successful businessman, it would be wrong for the FG to turn to the IMF or World Bank to borrow money to inject into the economy. He said, “I think the real challenge for us is now for us to have the political will in terms of selling some assets. “I think it’s an easier

Image
01-September-2016

SON Allots Code To 15 Agricultural Products

By Dipo Olowookere The Standard Organisation of Nigeria (SON) has developed codes of practice for some Nigerian non-oil commodities to shore up export of the products. This, it said, was part of its determination to promote the economic diversification agenda of the present administration. At the National Congress of the Nigerian Association of Small Scale Industrialists (NASSI) held in Abuja on Tuesday, SON’s Acting Director General, Dr Paul Angya, disclosed that since January 2016, it has “identified about 15 priority agricultural products for which it has developed standards and codes of practice to enable our farmers and dealers in commodities

Ad
Ad
Recent Stories
Image
04-March-2024

UK Announces £37.3m to Boost Livelihoods in Nigeria, Others

By Adedapo Adesanya The United Kingdom has announced new funding for the Mobile for Development Programme to help more people access mobile and digital technologies to find new opportunities and boost their livelihoods in Nigeria and other developing countries. UK’s Minister for Development and Africa, Mr Andrew Mitchell MP, during a speech at Mobile World Congress last week, announced that the UK is providing £37.3 million of new support for the Mobile for Development Programme. The new UK funding for innovative mobile phone technology will help change lives in developing countries around the world by harnessing AI technology to provide

Image
04-March-2024

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking

Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
04-March-2024

NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and

Image
04-March-2024

Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Tuesday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in

Image
04-March-2024

Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists

Image
04-March-2024

Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same

Image
04-March-2024

AfDb Injects $134m Into Rice, Maize, Cassava, Soybean Production in Nigeria

By Adedapo Adesanya The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soybean to boost food production with the provision of $134 million to achieve this. The president of the multilateral lender, Mr Akinwunmi Adesina, said on Saturday after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano, that the bank would support Nigeria to cultivate 300,000 hectares each of rice and maize, 150,000 hectares of cassava and 50,000 hectares of soybeans during the 2024 planting season. The CDA is a World Bank-supported centre established to serve as a regional training

Image
04-March-2024

Salesforce Unveils Conversational AI Assistant Einstein Copilot

By Modupe Gbadeyanka A new customisable, conversational, and generative AI assistant for CRM, Einstein Copilot, has been launched by Salesforce. The system was unveiled at the Mobile World Congress in Barcelona, Spain, and it will use adequate company data to generate useful responses. The Einstein Copilot enables Salesforce customers to generate responses using their private and trusted data, while maintaining strict data governance and without requiring expensive AI model training. As a result, Einstein Copilot can answer questions, summarise content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single, consistent