Facebook Blames Faulty Configuration Change for Scary Outage

On Wednesday, Google rolled out its Search Generative Experience (SGE) in the SSA region as an opt-in experiment in Search Labs. This AI-powered experience is available in English. With new breakthroughs in generative AI, Google is reimagining what a search engine can do and is bringing these powerful new capabilities to Search in a bold and responsible way. This powerful new technology can unlock entirely new types of questions that Search could not previously answer and transforms the way information is organized in Search to help people sort through and make sense of what’s out there. Improving Search with generative

By Adedapo Adesanya The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Mr Aminu Maida, has charged Nokia Networks to increase its investments in Research and Development (R&D) to support the growth of Information and Communication Technology (ICT) in Nigeria. Mr Maida spoke when a delegation from Nokia Networks of Finland led by the Deputy Minister, Under-Secretary of State for International Trade from the Ministry for Foreign Affairs of Finland, Mr Jarno Syrjala, visited the commission recently to explore further opportunities for mutually beneficial relationships. He told the delegation that the Nigerian government is

By Adedapo Adesanya The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced a plan to help Nigerian tech startups raise a total of $5 billion yearly in funding rounds by 2027. He disclosed the plan in the ministry’s 31-page Strategic Blueprint document titled Accelerating our Collective Prosperity through Technical Efficiency, released and seen by Business Post on Monday. Mr Tijani said the ministry’s primary objective is to stimulate the growth and sustainability of startups, with a specific focus on developing innovative solutions for critical sectors of the economy. “Recognising the critical role of patient capital in the

By Adedapo Adesanya The Minister of Communications, Innovation, and Digital Economy, Mr Bosun Tijani, intends to close the world’s tech talent shortage by almost a quarter with Nigerian workers. He said this would be achieved through the federal government’s plan to train 3 million technical talents over the next four years. The initiative could help achieve President Bola Tinubu’s goal of creating a million tech jobs in the first two years of his administration. “I believe, based on data that LinkedIn has projected, Nigeria can fill about 23 per cent of the current global shortage in technology talents,” Mr Tijani

By Dipo Olowookere The Nigerian Exchange (NGX) Limited retreated by 0.01 per cent on Wednesday following a mild profit-taking by investors, who reacted to a further hike in the price of petrol in the country. The latest increase in the pump price has forced some businesses to raise the price of their goods and services, putting pressure on their finances. At the stock market, some traders liquidated their shares, especially their holdings in the banking and industrial goods sectors of the bourse. The selling pressure weakened the banking space by 2.05 per cent and the industrial goods counter by 0.06

The major U.S. index futures are pointing to a lower opening on Monday, as traders may look to cash in on the recent strength on Wall Street. Following the lacklustre performance seen in the previous session, stocks continued to show a lack of direction during trading on Friday. The major averages spent much of the day lingering near the unchanged line. The major averages eventually closed mixed. While the Nasdaq inched up 5.61 points or 0.1 percent to a new record closing high of 5,660.68, the Dow edged down 7.13 points or less than a tenth of a percent to

By Adedapo Adesanya The first trading week in the second half of 2022 at the NASD over-the-counter (OTC) Securities Exchange ended on a negative note after it depreciated by 0.03 per cent week-on-week. The 27th trading week of the year, which ended last Friday, did not favour investors on the platform as the market capitalisation went down by N30 billion to N1.019 trillion from N1.022 trillion in the previous week (Week 26). As for the NASD Securities Exchange Index (NSI), it fell by 23.97 points to close at 773.79 points in contrast to the preceding week’s 774.03 points. Two market

By Adedapo Adesanya Brent crude dropped $1.38 or 1.5 per cent on Tuesday to $90.62 per barrel as the United States Dollar stayed strong and investors anticipated more central bank interest-rate hikes. Also, the West Texas Intermediate crude (WTI) depreciated by $1.28 during the session to $84.45 per barrel as the market awaits the Federal Reserve to raise the interest rate by another 75 basis points on Wednesday to curb inflation. Those expectations weigh on equities, often moving in tandem with oil prices. Other central banks, including the Bank of England, meet this week as well. Yesterday, the Swedish central

By Dipo Olowookere Visa has announced a minority investment in BillDesk, a leading platform for online payments and bill payments in India. Visa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses and also expand its footprint into other geographies. The investment will be subject to necessary statutory approvals and is expected to have no direct bearing on Visa’s existing Indian business. “As a leading payments player in India, BillDesk has been a long time business partner to Visa. Having worked with BillDesk’s founders over the years, the Visa leadership has been consistently

By Modupe Gbadeyanka The management of construction giant, Julius Berger Plc has announced that next Thursday, January 26, 2017, it would a meeting of its board of directors. The company explained that the meeting fixed for next week will be used to consider the results for the fourth quarter ended December 31, 2016. It then stressed that in the light of this, January 13, 2017 to January 27, 2017 has been declared a dosed period. The company explained that “in this period, all who receive notice of the dosed period in Julius Berger (Julius Berger Nigeria Plc and all its

By Aduragbemi Omiyale The need for regulators in the financial industry in the country, including the Central Bank of Nigeria (CBN), to understand the crypto asset space for proper regulations has been stressed by the Securities and Exchange Commission (SEC). According to the Director-General of the SEC, Mr Lamido Yuguda, if the regulators can do this, they would be better positioned to address identified risks. Recently, the CBN ordered banks in the country to close down all accounts of individuals and companies trading cryptocurrencies. This sparked reactions from many quarters, including the National Assembly. The Senate had to summon the

By Nojeem Adetuberu There is an urgent need to examine the activities of certain Non-Governmental Organisations (NGOs), considering the abundant declarations they make and the demands placed on corporate organisations and the government recently. These NGOs claim to thrive on protecting human rights but in actual sense the rights of every individual is not represented in their drive for relevance. Notably, their drive for safer environments in Nigeria is lopsided. Rather than striving to ensure the rights of all individuals, civil society organizations, often, promote their own interest, misinform the Nigerian populace and gratuitously lobby for the enactment of unenforceable