Africa’s Rise in Technology is Unstoppable—Sanwo-Olu

By Adedapo Adesanya Social messaging platform, WhatsApp, has introduced a feature that lets users create groups on the instant messaging app without needing to name them. This is a new option open to users, a change from the norm as users are required to name the groups they create on the messaging app. The announcement was made by Meta’s chief executive officer (CEO), Mr Mark Zuckerberg, on his Facebook page and Meta’s Instagram channel on Wednesday. According to him, the feature will help users now be able to create a group, even if they have not decided on a topic

New search trends released by Google show that search interest in AI has reached an all-time high in Nigeria. The trends show that people have searched for AI more than ever in 2023 so far, with interest rising 310% since last year, and by 1,660% in the last five years. Google’s research also revealed the top trending questions being asked about AI across Nigeria. Here, Google West Africa Director, Olumide Balogun, answers some of the most frequently asked questions. What is Artificial Intelligence and how does it work? AI is a type of technology that can learn from its environment,

By Adedapo Adesanya The Nigerian Communications Commission (NCC) has said Nigeria now ranks seventh in terms of mobile phone usage globally while it takes the 11th spot in terms of internet penetration. The NCC Executive Vice Chairman/Chief Executive Officer, Mr Umar Danbatta, disclosed this while speaking at the opening ceremony of a two-day workshop on emerging technology forum for the telecommunications industry in Abuja on Thursday. Mr Danbatta, who was represented by Mr Abraham Osahadami, the NCC’s Head of Spectrum Database Management, said 82 per cent of the country’s 200 million+ population are telecom subscribers while just 29 per cent

By Aduragbemi Omiyale If urgent steps are not taken, Nigeria’s telecommunications industry, believed to be worth about $75.6 billion, could be at risk because of the widening skills gap. This was the submission of a renowned telecoms policy enthusiast, Mr Omobayo Azeez, at the just-concluded second edition of the Nigerian Telecommunications Indigenous Content Expo (NTICE 2023) organised in Lagos by the Nigerian Communications Commission (NCC). In his keynote address on Bridging Skills Gap to Accelerate the Indigenous Telecoms Development, Mr Azeez argued that the rising skills gap in the country was becoming a challenge to the sector. He posited that

By Dipo Olowookere Fresh 1.888 billion ordinary shares of Ellah Lakes have been listed on the trading platform of the Nigerian Stock Exchange (NSE). The additional shares of the company were admitted on the local bourse yesterday and were created after the firm completed the 100 percent stake in Telluria Limited. With the fresh listing, the total issued and fully paid up shares of Ellah Lakes has now increased from 120 million units to 2 billion units. This has raised the total market value of the company on the stock exchange to N8.520 billion, with the shares traded at N4.26k

By Adeniyi Ogunfowoke Working 9 to 5 is the routine many Nigerians are familiar with. While some have side businesses where they can earn extra cash, others don’t. Regardless, you must have been thinking about how to make more money beyond your day job. This is where technology comes in. Although technology has contributed to job losses, it has also created. In line with this, Jumia Travel gathers five tech savvy things you can do to earn more money. You just need a little bit of training to learn these things. Designing websites Every serious business must have a functioning

By Ahmed Rahma A Swedish-Swiss multinational corporation, ABB, has called on governments and industries to accelerate the adoption of the technology to help combat climate change. ABB, which is headquartered in Zurich, Switzerland, revealed in its new whitepaper titled Achieving the Paris Agreement: The Vital Role of High-Efficiency Motors and Drives in Reducing Energy Consumption that there is the potential for significant energy efficiency improvements in industry and infrastructure, which can be enabled by the latest and most high-efficiency motors and variable speed drives. According to the President of ABB Motion, Morten Wierod, industrial energy efficiency has the single greatest capacity

By Yvonne-Faith Elaigwu Consider a typical day in the life of Mr Chukwu, a small business owner in Lagos. His morning ritual invariably starts with a visit to the bank to withdraw the amount of cash to sustain his shop operations for the day or deposit the excess amount of cash from the previous day’s sales. From catering to customers’ change needs to safeguard their earnings from potential theft, the tangible presence of cash, while familiar, also brings with it a unique set of challenges. Now, imagine a different scenario. A scenario where Mr Chukwu no longer has to worry

By Modupe Gbadeyanka The League of Airport and Aviation Correspondents (LAAC) in Nigeria has announced Skyway Aviation Handling Company Plc (SAHCO) as ‘The Most Innovative Ground Handling Company in the country. This was at the 23rd Annual Conference and Awards of LAAC held at the Radisson Blu Hotel, Ikeja, Lagos and themed ‘Boosting Aviation Investment Through Policy,’ with various speakers from the industry analysing different topics. Some of these speakers were Capt. Roland Iyayi, CEO, TopBrass; Capt. Hamisu Yadudu, CEO, FAAN; Capt. Fola Akinkuotu, CEO, NAMA; Mr Nick Fadugba, President, African Business Aviation Association; Barr. Allen Onyema, Chairman/CEO, Air Peace

By Adedapo Adesanya Oil prices fell from an initial rise recorded on Thursday after major global oil producers agreed to put a ceiling on the volume of the commodity to produce per day. This agreement by oil producers was reached to counter the collapse in demand due to lockdowns around the world influenced by coronavirus. The Organisation of the Petroleum Exporting Countries (OPEC) and Russia and other producers known as OPEC+ were reported to have agreed to reduce to cut output by 10 million per day, ending an oil price war between Saudi and Russia, which had put further pressure

By Investors Hub The major U.S. index futures are pointing to a modestly higher opening on Friday following the sell-off seen in the previous session. Bargain hunting may contribute to early strength on Wall Street after the steep losses seen in the previous session dragged the major averages down to their lowest levels in about two months. Traders may also react positively to news that lawmakers managed to end a brief government shutdown with a bill raising spending caps and funding the government until March 23rd. Buying interest may be somewhat subdued, however, as traders continue to express concerns about

The Global Finance Magazine World’s Best Banks Awards 2020 has announced Nigeria’s leading financial institution, Zenith Bank Plc, as the Best Bank in Nigeria. The awards, which was published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from January 1 to December 31, 2019. Global Finance’s World’s Best Banks Awards are recognized amongst the world’s most influential banking/finance and corporate professionals as the most coveted and credible awards in the banking industry, with winners chosen in more than 150 countries across