Nigeria Will Help Close 23% of Global Tech Talent Shortage—Tijani

By Modupe Gbadeyanka A global quantum computing competition called The Quantum Mobility Quest, designed to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers, has been launched by Airbus and BMW Group. Business Post reports that registration for the challenge has commenced, with submissions to be accepted from mid-January through April 30, 2024, via www.thequantuminsider.com/quantum-challenge. The contest is hosted by The Quantum Insider (TQI) and divided into two parts, a four-month phase where participants will develop a theoretical framework for one of the given statements, and a second phase during which selected finalists

By Adedapo Adesanya Stakeholders in the tech industry have advocated more investments in resources to boost the training of Nigerian youths in digital technology skills. This call was made by some top speakers and panellists at Tekifest’23, a coming together of tech minds focused on exploring the future of work, technology, innovation, and tech excellence, which took place on November 29 at The Zone, Gbagada in Lagos. Organised by Tekisite, the non-profit organization dedicated to training teenagers in digital technology skills in suburban communities, the event themed The Future Of Jobs: Talent Pipeline Investment hammered the need to take advantage

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 A new entrant into the last-mile delivery market in Nigeria, Kwik, has disclosed that it hopes to become the first platform for last-mile delivery in urban areas in Nigeria before extending its scope to neighbouring countries. The firm, owned by a French start-up Africa Delivery Technologies, said it intends to achieve this goal by executing 100,000 deliveries per day in three cities in the country before 2021. Business Post reports that on June 26, 2019, Kwik launched its app on both the Apple Appstore and Google Playstore. Kwik focuses particularly on B2B clients and allows them to

By Modupe Gbadeyanka Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has appealed to oil pipeline hackers to desist from such nefarious act which according to him is not only harmful to the environment but equally hazardous to the pipeline vandals and the economy. Speaking while receiving a delegation of the Nigerian Environmental Society who was at the NNPC Towers Abuja for a business meeting, Mr Baru noted that the ugly incident of petroleum pipeline pulverization presented a loss-loss scenario for the vandal, the environment and the economy. The GMD restated the commitment of the

By Adedapo Adesanya Leading Ghanaian healthtech startup, mPharma, has announced the closure of a $17 million funding round that will help it expand its foothold in Africa. The company is known for improving access of medicine to patients, pharmacies, and hospitals through innovative inventory financing solutions. The business operates on the approach of stocking pharmacy shelves without demanding any upfront payment. Lower prices are achieved through collective bargaining with the help of its network and also by using aggregative and predictive data analysis. The startup began operations in 2013 with the cooperation of its founders; Daniel Shoukimas, Gregory Rockson, and

By Ashemiriogwa Emmanuel Nigerian automotive technology company, Autochek, as part of its East African expansion drive, has acquired Cheki businesses in Kenya and Uganda from Ringier One Africa Media (ROAM) for an undisclosed amount. This is coming after the ride-hailing company acquired Cheki in Nigeria and Ghana about a year ago. Launched in 2010, Cheki is a virtual location where car sellers and buyers meet. It is a platform that offers a trusted, reliable, and cost-effective online marketplace for a wide range of quality vehicles. The startup, headquartered in Lagos, expanded operations to Kenya, Ghana, Tanzania, Uganda, Zambia, and Zimbabwe.

By Investors Hub Asian stocks closed mostly higher on Friday as geopolitical tensions eased and investors breathed a sigh of relief that U.S. trade tariffs were less severe than originally feared. Geopolitical tensions eased after North Korean leader Kim Jong Un offered to halt nuclear and missile tests and expressed his desire to meet with U.S. President Donald Trump. Separately, the White House slapped import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier “no-exceptions” stance. China’s Shanghai Composite index climbed

By Modupe Gbadeyanka Former President of the United States of America (USA), Mr George Bush, has died less than eight months after that of his wife of 73 years, Mrs Barbara Bush. He died on Friday night at his home in Houston at the age of 94. The deceased, who was America’s 41st President, occupied the White House from 1989 to 1993, capping a career of more than 40 years in public service. He was denied a second term at the Oval Office after support for his presidency collapsed under the weight of an economic downturn and his seeming inattention

By Dipo Olowookere One of the best platforms companies can utilise to meet their strategic business objectives is the Nigerian Exchange (NGX) Limited, the Divisional Head of Listings Business at NGX Limited, Mr Olumide Bolumole, has said. According to him, the exchange provides “an avenue for price discovery and liquidity for existing and new investors.” Mr Bolumole, while speaking at the listing of the N5 billion bond of CardinalStone Partners Limited last Thursday, urged organisations to “take full advantage of our products and services to support their growth story” as it would be beneficial to them. He described the listing

By Modupe Gbadeyanka From January 1, 2023, motorists will have to pay N15,000 for third-party motor insurance instead of the current N5,000, according to a circular from the National Insurance Commission (NAICOM), the agency regulating the insurance sector in Nigeria. This will come as a surprise to many owners of cars, motorcycles and tricycles as the normal N5,000 paid for third-party premium insurance is seen as a gift to insurance firms, which usually do not pay claims to policyholders. In the notice dated December 22, 2022, with reference number NAICOM/DPR/CIR/46/2022, and signed by the Director of Policy and Regulation, Mr