Toshiba Tec Boosts Business with Digital Signage Solutions

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 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 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 Precious Olisa A Cameroon-based company, Koree, has emerged as the winner of the 2023 edition of the Ecobank Fintech Challenge, going home with a prize of $50,000. The firm was announced as the winner of the contest by the panel of judges during the competition’s grand finale at the bank’s headquarters at the Pan African Centre in Lomé, Togo. The organisations made it to the final from an initial pool of over 1,400 fintechs from 64 countries, underscoring the significant growth in popularity of the competition since its inception six years ago, as well as the wealth of innovation

By Adedapo Adesanya It was a weak start for the Nigerian Naira against the US Dollar in the foreign exchange market on Monday, September 11, as forex demand pressure returned amid illiquidity of funds despite recent moves by the Central Bank of Nigeria (CBN). In the Investors and Exporters (I&E) arm of the FX market, the Naira depreciated against the Dollar by 7.1 per cent or N37.88 to sell at N773.50/$1 compared with the preceding session’s N736.62/$1. The weakening of the local currency at the official market was aggravated by a shortage in forex supply as traders were unable to meet

By Dipo Olowookere An Ethiopian, Dr Tedros Adhanom Ghebreyesus, has been elected by the Members States of the World Health Organization (WHO) to become the organisation’s new Director-General. He was nominated by the Ethiopian government and will begin his five-year term on 1 July 2017 and will succeed Dr Margaret Chan, who has been WHO’s Director-General since 1 January 2007. Prior to his election as WHO’s next Director-General, Dr Ghebreyesus served as Minister of Foreign Affairs, Ethiopia from 2012-2016 and as Minister of Health, Ethiopia from 2005-2012. He has also served as chair of the Board of the Global Fund

By Dipo Olowookere Africa’s first project financing facility for mini-grids, CrossBoundary Energy Access (CBEA), has announced its launch, with funding commitments from The Rockefeller Foundation and Ceniarth. The company is planning to initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia. CrossBoundary Energy Access has an innovative blended finance structure that demonstrates a pathway to unlocking more than $11 billion for mini-grids needed from investors to connect at least 100 million people. Over 600 million people in

By Dipo Olowookere The industrial action embarked upon by organised labour in Nigeria since Thursday, September 27, 2017, has been suspended. The strike was called off by leaders of the group on Sunday, September 30, 2018. Workers in Nigeria had refused to work since last Thursday as a result of failure of authorities to increase their wages, which has the lowest presently pegged at N18,000. They want this increased to N56,000 as a result of inflation in the country. Briefing newsmen on Sunday afternoon in Abuja, President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba, explained that the action

By Adedapo Adesanya The Nigerian Ports Authority (NPA) has begun deliberate measures and investments for a fully digital ecosystem across the country by 2025. This was disclosed by the Acting Managing Director, Mr Mohammed Bello-Koko, at the 41st Ports Management Association of West and Central Africa (PMAWCA) Annual Council Meeting and 16th Round-table Conference of Managing Directors of PMAWCA in Douala, Cameroon. He stressed that as the international supply chain battles several disruptions, the agency would focus on port smartness level than its size, in order to optimise productivity and meet users’ expectations. In his presentation on Digitalisation Roadmap and

By Dipo Olowookere The Gross Domestic Product (GDP) growth forecast for Nigeria in 2020 has been revised downward to 1.5 percent from 2.2 percent by Standard and Poors (S&P). In a press statement issued on Thursday, the rating agency also announced lowering its long-term foreign and local currency sovereign credit ratings on Nigeria to ‘B-’ from ‘B’. In addition, the renowned company said it has affirmed its ‘B’ short-term sovereign credit ratings on Nigeria, while downgrading its long-term Nigeria national scale rating to ‘ngBBB’ from ‘ngA-’ and affirming the ‘ngA-2’ short-term Nigeria national scale rating. S&P explained that the economic

By Modupe Gbadeyanka Tanzania’s digital lifestyle company, Tigo, has continued to support the Tanzania government’s under-five birth registration initiative through an innovative mobile application that is massively accelerating provisioning of birth certificates for children under the age of five. The under-five birth registration drive, launched in Geita and Shinyanga regions along the Lake Victoria Zone early this week, is expected to benefit more than 650,000 children in the two regions. The programme brings registration closer to the community by establishing registration points at existing health facilities and at the community ward executive offices. This will enable parents in these two

By Investors Hub European stocks are mostly higher after the European Central Bank left its key interest rates, asset purchases and forward guidance unchanged. ?The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases,? the ECB said. While the U.K.?s FTSE 100 Index has inched up by 0.1 percent, the German DAX Index is up by 0.4 percent and the French CAC 40 Index is up by 0.6 percent. Steinhoff International Holdings has rallied after the company announced the