Africa has some of the world’s most significant, yet, untapped resources such as solar, hydraulic and geothermal energy. While some of these resources are scattered across the continent, most are found in huge deposits around the Northern, Southern and Eastern regions. According to comments by Makhtar Diop, Managing Director, IFC, in the recently concluded Africa …
90% of African businesses neglect cybersecurity protocol – Dell
Businesses in Africa are a breath away from being hit by a cyber attack, as new a report from Dell has shown that as much as 90 percent of companies on the continent operate without a cybersecurity protocol. The company made this known at a recent forum in Lagos Nigeria. Dell collaborated with CWG and …
Sophos’ new security tool to protect Microsoft users from attacks
Sophos, a cybersecurity-as-a-service company, has introduced a Managed Detection and Response (MDR) tool for Microsoft Defender to protect users against data breaches, ransomware and other active cyberattacks. MDR is a fully-managed offering that provides robust threat response capabilities for organisations using Microsoft Security. The MDR according to Sophos adds a critical layer of 24-hour protection …
How Nigeria can address rising talent shortage
The rising shortage of tech talents in Nigeria and organisations fuelled by the surging rate of “Japa” is gaining more concern. Information Technology leaders speaking at the ongoing tech event hosted by CloudPro, themed, ‘The digital transformation journey’, said there is a need for organisations to start sourcing talents from the grassroots level and giving …
Meta set to release ChatGPT competitor
Facebook parent company Meta is set to release a commercial version of its artificial intelligence model which startups and businesses can tap to build custom software on the technology. Customised software is software that is specially developed for some specific organisation or other user. It can be contrasted with the use of software packages developed …
Twitter to offer ad revenue sharing with verified creators
Twitter said on Thursday that content creators on the social media platform will be eligible to get a part of the advertising revenue the company earns. The content creators will get a share of revenue from ads displayed in their replies, Twitter said, adding that to be eligible the creators should be verified users with …
CBN cuts merchant banks’ CRR to 10%
Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) on Friday revised the Cash Reserve Ratio (CRR) of merchant banks to 10 percent from 32.5 percent. Haruna Mustafa, director, banking supervision disclosed this in a letter to all Merchant banks dated July 14, 2023. Read also: Tough times for Nigerian banks as CRR …
Nigeria’s trade, investment policy will improve global competitiveness – Oye
Dele Kelvin Oye, national president, Nigerian Association Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended the President Bola Ahmed Tinubu-led Federal Government for the launch of the trade and investment policies for Nigeria. Oye spoke on behalf of the Organised Private Sector of Nigeria at the stakeholders’ sensitisation workshop and public presentation of …
Nigeria’s recovery might be a better bet than South Africa’s
The two giants have faced a decade of woe but one has a better chance of turning a corner Nigeria and South Africa think of themselves as the giants of Africa. As the two largest economies south of the Sahara with nearly 300mn people between them, relative giants they are. But both have spent at …
Nigeria’s first electric vehicle taxi service is here
The transport sector in Nigeria represents about 24% of in-scope carbon emissions every year. And 72% of these emissions come from passenger vehicles. As the fuel price hits historic highs, commuters are starting to feel the pinch of increasing transport fares. The typical Nigerian commuter already spends up to 40% of their income on transport. …