FG Commits to Nigeria’s Data Harmonisation

By Adedapo Adesanya Nigerian wireless internet service provider, Tizeti, has announced the securing of an unnamed senior debt facility from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund that will be used to finance the rollout of its state-of-the art broadband network across 15 states in Nigeria. In a statement seen by Business Post, the company said it has been granted long-term financing by the investment company’s fund and will deploy the debt to build new internet infrastructure and purchase additional equipment to expand its services to Delta, Akwa Ibom, Cross River, Abia, Anambra, Imo, Enugu, Abuja, Kano, and Kaduna. Tizeti

By Olumide Balogun In the bustling markets of Lagos, a remarkable transformation is underway. A local logistics company, once struggling with efficiency, has now streamlined its entire operation using AI-driven solutions. This is a glimpse into the broader canvas of Africa where Artificial Intelligence (AI) is rapidly becoming a cornerstone for business innovation. Across the continent, from the tech hubs of Nairobi to the vibrant streets of Accra, AI is no longer a distant concept but a present-day tool reshaping the way businesses operate and grow. Enterprises of all sizes are tapping into AI to enhance their processes, improve customer

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 Modupe Gbadeyanka As part of efforts to meet the target of equipping one million technical talents with the requisite knowledge to excel in the industry, Moniepoint has sponsored the training of the pioneer cohort of the HatchDev programme. The HatchDev initiative is the brainchild of Nithub University of Lagos, designed to produce hundreds of market-ready software engineers every year. The scheme, which runs for nine months and started in October 2022, aspires to shape 300 junior software engineers, 100 intelligent systems developers, and 100 IoT/embedded systems engineers. The first beneficiaries have been trained to be readily absorbed into a

By Investors Hub The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the modest weakness seen in the previous session. Activity on Wall Street is likely to remain light, as many traders remain away from their desks following Christmas and ahead of the holiday on New Year?s Day. Trading may be impacted by reaction to the release of reports on consumer confidence and pending home sales shortly after the start of trading. With the markets reopening following the long, holiday weekend, stocks saw modest weakness during trading on Tuesday. Selling pressure was relatively subdued,

By Modupe Gbadeyanka    Some members of staff of Uganda’s apex bank, the Bank of Uganda (BoU), recently visited Wema Bank in Nigeria on week-long knowledge and skills sharing session on Balanced Score Card and Performance Management. Speaking on the BoU’s decision to take a cue from Wema Bank’s Performance Management System, Mrs Agnes Kamya Kijjambu, who led the delegation from Uganda, said the Bank of Uganda decided to partner with Wema Bank after an extensive research. She said, ““While making our findings, Wema Bank was recommended to us by the Balanced Scorecard Institute, Washington. “The Institute assured us that Wema

By Modupe Gbadeyanka Operatives of the Federal Road Safety Corps (FRSC) in the habit of collecting bribe of traffic offenders and other persons in the course of performing their normal duties have been warned to desist from such or be ready to lose their jobs. The traffic agency said on Wednesday that it would not hesitate to dismiss from service any of its personnel found extorting motorists. Addressing newsmen in Abuja today, the Corps Public Education Officer, Mr Bisi Kazeem, emphasised that, “We abhor corruptive tendencies. “There are internal mechanisms, the Corps Marshal Monitoring Unit and Surveillance and Intelligence Unit.

By Aduragbemi Omiyale Urgent steps must be taken by African leaders to encourage general digital skills to tackle cyber-attacks and crimes on the continent, some experts in the industry have advised. Speaking at the April edition of the Information Security Society of Africa – Nigeria (ISSAN) event, the stakeholders warned that if efforts are not taken, the governments, citizens and businesses may suffer “catastrophic consequences.” It was stressed that at the moment, Africa is struggling to match its counterparts in the other parts of the globe due to a shortage of general digital skills caused by brain drain. At the

By Modupe Gbadeyanka Exporters of fresh fruits and vegetables are invited to apply for assistance to participate in the upcoming Fruit Logistica Asia 2017 trade exhibition, which will take place in Hong Kong from 6-8 September 2017. Companies which are interested in participating in this exhibition are encouraged to submit application forms to the Department of Trade and Industry (the dti) by 6 April 2017. The trade fair, which will be attended by exhibitors from over 120 countries around the world, is targeting producers of fresh fruit and vegetables, fresh-cut and convenience items, exotic products, organic produce, potatoes, dried fruit

By Quantitative Financial Analytics NIFEX Spot The FMDQ NIFEX Spot decreased by N0.63 or 0.2% ending the day at a rate of N317 against the previous day’s rate of N318.125. Open Interest and Volume Analysis Open interest in currency futures increased by 0.9%, (31.1) from 3,440.26 to 3,471.36 arising from additional notional purchases of  $31.1 Source: Quantitative Financial Analytics Mark to Market Analysis and Attribution The estimated Mark to Market (MTM) of open interest now stands at N199.567 billion, a decrease of 0.4%, (N0.79 billion) over previous day’s Mark to Market value of N200.36 billion. The decrease in MTM is

By Dipo Olowookere More than 150 persons have been confirmed dead in a stampede that occurred in Ethiopia over the weekend. The unfortunate incident occurred during the annual Irreecha religious and cultural celebration in the Bishoftu town in Ethiopia’s Oromia region on Sunday, October 2, 2016. The incident happed when security forces fired tear gas and live ammunition at a crowd of over a million people celebrating a religious occasion. Irreecha is an annual holiday for giving thanks, celebrated by the Oromo people, Ethiopia’s largest ethnic group. However, eyewitnesses say that the total number of deaths on October 2 may

By Modupe Gbadeyanka President Muhammadu Buhari has commended the cordial relations between Nigeria and the State of Kuwait. The President, on Tuesday, during an audience with the outgoing Ambassador of the State of Kuwait, Dr Abdulaziz Alsharrah at the State House, said ties between both nations were important not only at the bilateral level, but also as members of the Organisation of Oil Exporting Countries (OPEC) in which they shared a common interest. While thanking the outgoing ambassador for promoting good relations between Nigeria and the State of Kuwait, President Buhari, said he hoped that the cordial relations would translate