Jack Ma’s Ant Group to Raise $34.5bn in Biggest IPO Ever

By Adedapo Adesanya The Ministry of Communications, Innovation, and Digital Economy on Friday opened the application process for the first phase of the three million tech talents training programme (3TTT). The programme is in line with President Bola Tinubu’s vision of creating 2 million digital jobs by 2025, which is aimed at building Nigeria’s technical talent backbone to power the country’s digital economy and position Nigeria as a net talent exporter. Business Post had reported earlier this week that Mr Bosun Tijani, the country’s Minister of Communications, Innovation, and Digital Economy, has said the target will be reached through three

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 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

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 Dipo Olowookere Nigeria’s Ministry of Mines and Steel Development has denied spending N700 million to develop its new online portal, which was launched on Thursday, November 9, 2017. In a statement issued in Abuja on Sunday, November 12, 2017, by the Permanent Secretary in the Ministry, Mr Mohammed Abbas, it was explained the amount was used on IT infrastructure, human capital and civil works and not mainly on developing the web portal. Below is the statement issued by the Ministry. The attention of the Ministry of Mines and Steel Development has been drawn to news making the rounds especially

By Modupe Gbadeyanka The National Bureau of Statistics (NBS) on Monday said the Gross Domestic Product (GDP) of Nigeria grew by 1.87 percent in the first quarter of 2020. According to the NBS, this year-on-year growth posted by the Africa’s largest economy came despite the “backdrop of significant global disruptions resulting from the COVID-19 public health crisis, a sharp fall in oil prices and restricted international trade.” In a report released this morning, it was stated that in Q1 2020, the aggregate GDP stood at N35.647 trillion in nominal terms, higher than N31.824 trillion recorded in the first quarter of

By Adedapo Adesanya Cryptocurrency exchange, Bitfinex, has listed the first-of-its-kind CryptoGPT token ($GPT) in what has been touted as a revolutionised approach to artificial intelligence (AI). The CryptoGPT, a cryptocurrency token built on an Ethereum platform, is the first-of-its-kind multi-value gas token and has the necessary demand as fuel for network transactions. It is topped up with value funnels from validator staking, cash flow from core products, and power of fee treasury which can be deployed for liquidity events like buybacks, burns, and/or expanded yield. In a statement, the company said CryptoGPT token would revolutionise the world of AI by

By Aduragbemi Omiyale Coronation Group has disclosed that it intends to expand its offerings by delving into the different segments of financial services. The Chairman of the organisation, Mr Aigboje Aig-Imoukhuede, said this goal would be achieved with the Capital Market Holding Company (CMHC) license it recently obtained from the Securities and Exchange Commission (SEC). He disclosed this on Wednesday when he was honoured with a closing bell ceremony at the Nigerian Exchange (NGX) Limited to celebrate his investiture as an Honorary Fellow of the Chartered Institute of Stockbrokers (CIS) in Lagos. Mr Aig-Imoukhuede said the licence would solidify its

By CardinalStone Capital markets are an essential component of an operating contemporary economy because they serve as a conduit for the transfer of money from those who possess it to those who require it for productive use. It has been repeatedly discussed that there is a positive relationship between the economic development of a nation and the degree of sophistication of its capital market structures. For instance, while the United States of America boasts of a world-leading $23 trillion economy, its different capital markets have a combined valuation estimated at double that figure. In contrast, Burundi, one of the world’s

By Dipo Olowookere Kwara State government says it has paid compensation to the customary land owners of the new site at Asa River Bank in Ilorin where fish farmers are to be relocated. The government has also allotted the land at Yidi road currently being used by the fish farmers to Tuyil Pharmaceutical Industry to enable the company expand its factory. Director-General of the State Bureau of Lands, Mr Ibrahim Salman, made this disclosure on Thursday while reacting to claims that the customary land owners of the new site have not been duly compensated by the government. He noted that

By Adedapo Adesanya The Federation of International Football Association (FIFA) has issued a complaint of criminal mismanagement against its former president, Mr Sepp Blatter. The world football’s governing body said on Tuesday it suspected criminal mismanagement over the finances of its loss-making football museum in Zurich, Switzerland. The complaint has been sent to the Zurich prosecutor and it relates to the involvement of Mr Blatter and other former officials at the world governing body in the FIFA museum project. According to a statement from FIFA, “Following a detailed review of historic facts and circumstances concerning the construction and on-going operational

By Modupe Gbadeyanka Chief Executive Officer and founder of Velodyne LiDAR, Mr David Hall, has been named as 2018 Inventor of the Year. This honour was bestowed on Mr Hall by the Intellectual Property Owners (IPO) Education Foundation. The inventor created the ground-breaking 3D LiDAR sensor technology which enables advanced vehicle safety and performance for autonomous vehicles. The idea of leveraging LiDAR technology for autonomous driving came to Hall after competing as one of the original entrants in the DARPA Grand Challenge for autonomous vehicles. In 2005, he invented 3D LiDAR to give autonomous vehicles real-time, 360-degree vision that then