Data Centre Dynamics Awards Honours Funke Opeke

By Kehinde Ogundare In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation. Businesses have had to adapt and find new ways of working to tackle these challenges. Nigeria is no exception. According to the National Bureau of Statistics of Nigeria, the annual inflation rate accelerated to 24.08% in July 2023, the highest since September 2005. This has affected everything from electricity tariffs to transportation, all crucial to the performance of Nigerian enterprises. Fortunately, by adopting the right technologies and using them the right way, enterprises can ensure that they’re

By Modupe Gbadeyanka Salesforce and Amazon Web Services (AWS) have expanded their strategic partnership, deepening product integrations across data and artificial intelligence (AI). The new and enhanced integrations will include streamlining purchasing options for customers via the AWS marketplace, enhancing customer experiences through unified data management, empowering developers with new AWS compute and development services, securely bringing AWS data and AI services to Salesforce’s Einstein 1 Platform, and ensuring seamless customer service with service cloud and Amazon connect. It was gathered these features will enable customers to seamlessly and securely manage their data across Salesforce and AWS, and safely and

By Adedapo Adesanya Nigeria plans to increase the net contribution of the telecommunications sector to the gross domestic product (GDP) by 22 per cent by the end of 2027. This is part of efforts announced by the Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, in the ministry’s 31-page Strategic Blueprint document titled Accelerating our Collective Prosperity through Technical Efficiency, seen by Business Post. In the document, the ministry noted that “As telecommunications continues to evolve in line with new technology and associated opportunities, it is critical to revamp our national approach to account for changing imperatives and

By Precious Olisa A Cameroon-based company, Koree, has emerged as the winner of the 2023 edition of the Ecobank Fintech Challenge, going home with a prize of $50,000. The firm was announced as the winner of the contest by the panel of judges during the competition’s grand finale at the bank’s headquarters at the Pan African Centre in Lomé, Togo. The organisations made it to the final from an initial pool of over 1,400 fintechs from 64 countries, underscoring the significant growth in popularity of the competition since its inception six years ago, as well as the wealth of innovation

By Dipo Olowookere The deadline for filing of Annual Returns for individual taxpayers including self-employed persons in Lagos State has been extended by two months. Statutorily, the filing of annual returns expires on the March 31 of every fiscal year, and attracts stiff penalties for defaulters. But the Lagos State Inland Revenue Service (LIRS) said taxpayers in the state now have till May 31, 2020 to do the needful. In a statement signed on Monday by its Head of Corporate Communications, Ms Monsurat Amasa, the tax agency explained that the shifting of the filing date was due to the coronavirus

By Adedapo Adesanya The Federal Government disclosed that it has discovered crude oil amounting to one billion barrels in North Eastern Nigeria. This was made known by the Minister of State for Petroleum Resources, Mr Timipre Sylva, at the Nigeria International Petroleum Summit (NIPS) on Wednesday. Speaking  at the event, Mr Sylva stated, ”The figure is not totally out yet but from the evaluation results we are getting, the reserve that has been discovered in the North-East is about a billion barrels. “Those are the kind of figures we are seeing and we are beginning to understand the geological structure

By Adedapo Adesanya Digital payments service, Visa, and a global pioneer in bank loyalty, Reward, are joining forces to introduce Visa’s Card Linked Offers solution in Nigeria. Through the partnership, Visa will provide banks with access to exclusive offers from leading global merchants, while Reward co-creates hyper-personalized offers, digitally delivering them to Visa cardholders. According to a statement, this is in response to consumers’ growing appetite for tailored and differentiated loyalty propositions, this solution has been designed to elevate consumer engagement by delivering data-driven and hyper-personalized offers. With Visa’s Card Linked Offers, issuers, cardholders, and merchants will take advantage of

By Dipo Olowookere The management of United Bank for Africa (UBA) Plc has said its results for the second quarter of 2020 should be released on or before Tuesday, September 29, 2020. The lender made this disclosure on Monday, August 31, 2020, in a notice sent to the Nigerian Stock Exchange (NSE), to inform investors on the reason for the delay. According to UBA, a tier-1 bank, the audited results for the half-year ended June 30, 2020, have not been submitted to the exchange because of the Central Bank of Nigeria. Last month, the financial institution’s board of directors held

By Dipo Olowookere The British Standard Institute (BSI) Group has awarded the prestigious ISO/IEC 20000-1:2011 certification to Nigerian lender, Diamond Bank Plc. The ISO 20000:2011 certification for Service Management System (SMS) is the world’s highest standards of information technology service delivery. It demonstrates Diamond Bank’s commitment to a world-class, customer-focused service culture and environment. The certification was awarded to the bank after a rigorous process and systems audit by qualified BSI auditors. It is a seal of approval that Diamond Bank’s network architecture, software design, security policies, procedures and protective practices conform to global security standards in data and financial

By Adedapo Adesanya The Naira further depreciated by 0.2 per cent or 83 kobo on Wednesday, April 27 against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market to close at N419.33/$1 compared with the previous day’s value of N418.50/$1. The usual shortage in the supply of FX to the market contributed to the decline of the local currency against its American counterpart yesterday as traders continue to ration the hard currency to the frustration of their customers, who have to go elsewhere, including the black market to source Dollar for their

By Asiayei Enaibo Yes, they are great politicians in Ijawland; many have groomed followers with the gospel of hatred, those who managed our poverties with one salary divided to seven. Those that only want to see you serve their children and take over from them while their servants service their grandchildren and in-laws. Do You Know Ijaw Politicians? Yes, we have great and eloquent Ijaw politicians that make or support a bill once in four years and give us cups of rice at the end of the year and we call them Messiahs. Are they Messiahs or cups of rice

By Ashemiriogwa Emmanuel A virtual event to bring together industry experts with the aim to discuss the current trends in infrastructure project financing in Nigeria is to be hosted by FBNQuest. The webinar, which is scheduled to hold by 12:00 pm on Friday, November 12, 2021, is themed Mobilizing Onshore and Offshore Capital for Strategic Infrastructure Projects in Nigeria and is part of the Leading Conversations with FBNQuest webinar series. The series, which started in 2020, was created by FBNQuest to bring market, industry and consumer insights and analysis that are crucial for individual and corporate success. The forthcoming webinar