MainOne Becomes Official Microsoft Azure Provider for Nigeria

By Adedapo Adesanya A new research from global payments giant, Visa, done across 17 countries in Central and Eastern Europe, the Middle East and Africa (CEMEA) has revealed a disconnect between consumers’ confidence in recognising fraud and their online behaviour, highlighting the importance of staying alert and mindful of fraud attempts. The study forms Visa’s Stay Secure Campaign, focused on raising consumer awareness, strengthening education, and building confidence to combat social engineering threats. Despite more than half of consumers (56 per cent) claiming to be savvy enough to sidestep online and phone scams, it was found that 90 per cent

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 Aduragbemi Omiyale A new data centre business known as Nxtra by Airtel has been unveiled by Airtel Africa Plc, with Mr the former head of Global Data Centre Portfolio Management at Amazon Web Services, Mr Yashnath Issur, appointed to lead the new organisation. Mr Issur is armed with about 16 years of experience in the industry and has, over the past year, built a team of experts to execute the strategy. Business Post gathered that Nxtra was established to meet Africa’s growing needs for trusted and sustainable data centre capacity and to serve the fast-growing African digital economy. The

By Aduragbemi Omiyale A new report has revealed that Tether’s reserves remain extremely liquid, with the majority of its investments being held in cash, cash equivalents, and other short-term deposits. This latest report demonstrates the commitment of Tether Holdings Limited to transparency and highlights a $300 million reduction in secured loans, more than $700 million net profit added to Tether reserves in the last quarter of 2022, and the highest percentage to date of assets allocated in US Treasury Bills, with direct exposure of over 58 per cent. The Tether’s Consolidated Reserves Report (CRR), which breaks down the assets held

By Modupe Gbadeyanka Stakeholders in the financial technology (fintech) industry have given a standing ovation to Fidelity Bank Plc for its recently-launched new digital payment solution called PayGatePlus. Powered by OnePipe, PayGatePlus is a next-generation embedded finance platform that enables organisations in any sector to seamlessly integrate financial services into their existing offerings. The platform offers services such as web payments, virtual accounts, funds transfer, direct debit, online collections via NIBSS Instant Payment (NIP), BVN validation, and Buy Now, Pay Later. Those who commented on the initiative said the one-stop solution for payments that caters essentially for all business categories

By Dipo Olowookere The management of Nigerian Breweries Plc has confirmed that a suit bordering on copyrights violation has been filed against it by the federal government. In a statement, the company said the legal action is mainly based on one of the brands in its portfolio, the Amstel Malta trademark. It said the Nigerian Copyright Commission (NCC) filed the suit against the company and its former Managing Director/Chief Executive Officer, Mr Johan A. Doyer, adding that the criminal action was pending at the Federal High Court, Abuja. “The said action is not new as it was actually instituted in

By Modupe Gbadeyanka Zenith Bank Plc has continued to record strong performance despite the various challenges it has to deal with. In its 2017 half-year earnings released today, the lender declared a profit of N75.317 billion compared with N35.467 billion recorded in the first half of last year, representing growth of about 112.4 percent. In the same vein, the financial institution said its gross earning appreciated by 77 percent, growing from N214.812 billion as at June 30, 2016, to N380.440 billion on June 30, 2017. Also, trading income, which recorded a N864 million loss last year, appreciated to N65.318 billion

Leading telecommunications services provider, Airtel Nigeria, has taken another bold step to redefine the television viewing experience for its customers with the unveiling of Airtel TV, a one stop platform for everything entertainment – live TV, music videos, news, sports and lots more. The Airtel TV app, which is available on Android and iOS, is subscription-free and offers registered users unlimited access to the entire Airtel TV content library as well as enables them stream different content categories on the robust Airtel 4G network. In addition to the Video-On-Demand service, Airtel TV offers live television across popular TV channels including

By Adedapo Adesanya Lagos, Nigeria’s commercial capital, has been rated the worst among cities with traffic congestion in the world. According to the traffic index released by Numbeo, a crowd-sourced global database of quality-of-life data, Lagos had a traffic index of 348.69 points to lead seven other cities surveyed on the African continent. Other cities considered in the report were Nairobi, Cairo, Pretoria, Cape Town, Johannesburg, and Durban all in South Africa. Nairobi, Kenya’s capital, was second with a traffic index of 256.39 points and Cairo recorded 244.23 points. In South Africa, Pretoria had a traffic index of 230.51 points

By Modupe Gbadeyanka Leader of the House of Representatives, Mr Femi Gbajabiamila, in continuation of his medical outreach to the people of Surulere 1 federal constituency, has donated two fully equipped medical ambulances to Gbaja Maternal and Child Care Unit of Randle General Hospital in Surulere local Government and Coker Aguda Primary Healthcare Center in Surulere 2 federal constituency. Mr Gbajabiamila, in company of the Sole Administrators of Surulere Local Government and Coker Aguda Local Council Development Authority, Mr Sherif Balogun and Mr Tope Yusuf respectively, were received by the Chief Medical Director of Randle General Hospital, Dr Olakunle Oni

By Adedapo Adesanya Nigeria’s total trade rose by 14 percent in 2019 as the country recorded a total of N36.2 trillion in both its import and export for the year. This was disclosed in the Foreign Trade in Good Statistics for the fourth quarter released on Friday by the National Bureau of Statistics (NBS), where it showed that there were higher exports value than imports in the year despite imports recording a higher rate. In the year 2019, there was a total of N19.2 trillion in exports while total imports stood at N16.9 trillion, resulting in a trade balance of