First Bank has launched a Humanoid Robot in it’s state-of-the-art self-service branch at Adetokunbo Ademola VI, Lagos called Digital Experience Center. Humanoid robots are professional service robots built to mimic human motion and interaction. They provide value by automating tasks in a way that leads to cost-savings and productivity. The first industry-led robot according to …
Microsoft in partnership with Data Scientists Network (DSN) and the federal government of Nigeria has trained young professionals on the usage of the new Responsible AI Dashboard for decision-making. This initiative, according to the organisers seeks to ensure that AI technologies are developed and implemented ethically, fostering a fair and equitable digital future by leveraging …
IHS Holdings, the Nigerian-based telecommunication infrastructure provider has said it is focused on acting in the best interests of all shareholders. The statement which the company sent to BusinessDay, is in response to several calls by angry shareholders for the urgent reform of the company’s board of directors and corporate governance. MTN Group, Wendel SE, …
Paelon Memorial Hospital in collaboration with IHS Nigeria, has commissioned a new Cylinder Gas Plant. Blackwells Capital, a US-based activist investor, has joined the call by majority shareholders of IHS for reforms in the formation of the board of the African tower operator. The New York-based activist investor is pushing for the cell-tower operator to …
Activities give sense of the importance Chinese companies in several sectors attach to country’s potential The dream of establishing smartphone “super apps” that can operate across Africa’s markets is galvanising Chinese investment into Nigeria. Nigeria, with about 220mn people, is the continent’s most populous country and its biggest economy. So, when two Chinese-backed fintech companies …
Small and medium enterprise (SME) businesses in Nigeria need a favouable market environment to facilitate growth and survival in the economy. Enyioma Madubuike, chief legal and compliance officer at Kora said this during an interview with BusinessDay. According to him, the government should focus on creating a conducive market for merchants to conduct their business …
The new requirement for customers to provide their social media handles before starting any business relationship with banks and financial institutions leaves many operators with uncertainty. According to the Central Bank of Nigeria’s (CBN) Customer Due Diligence Regulation 2023, banks and other financial institutions are to obtain an individual’s legal name and any other names …
Nigerians who want to open an account, take a loan or conduct other transactions may be required to produce their social media accounts, according to the Central Bank of Nigeria’s (CBN) regulation on customer due diligence (CDD). The new regulation is like an answered prayer for most digital lenders, while for some experts, it raises …
Samsung, Nigeria’s consumer electronics brand, has unveiled the Galaxy A14 5G as its newest addition to the widely acclaimed Galaxy A series. The primary objective of this release is to provide a comprehensive range of cutting-edge Galaxy advancements at a budget-friendly price, ensuring that remarkable technology is within reach for all individuals, particularly Airtel Nigeria …
Simon Melchior is the Chief Executive Officer of Asseco Nigeria, a subsidiary of the Asseco Group, the leading software company in Central and Eastern Europe and the 5th largest in Europe. In this interview with BusinessDay’s Frank Eleanya, Melchior speaks on how the Company is driving technology in Nigeria through the promotion of local content …