Author: ITPulse

ALX, an African tech career accelerator has joined forces with the Young African Leaders Initiative (YALI) Network Lagos for the first-ever Youth Tech Summit. This event gathered tech enthusiasts, industry experts, and key figures to explore how technology can transform Africa’s future. The summit featured discussions on how tech can drive economic growth, create jobs, and empower future African leaders. ALX Nigeria’s Country Manager, Ruby Igwe, delivered a keynote address emphasizing the importance of tech-fueled entrepreneurship in job creation and economic development (SDG 8). “The YALI Network Tech Summit showcased the incredible potential and innovative spirit of Africa’s tech scene,”…

The UK’s Manufacturing Africa program is making a big difference in Nigeria’s clean energy sector. Three Nigerian companies – Arnergy, Koolboks, and BURN Manufacturing – received a total of $17 million in foreign investment, helping the country expand access to renewable energy solutions. This investment will bring clean energy to more Nigerians, reduce pollution, create over 1,100 jobs, and improve livelihoods for many. Breakdown of the three companies BURN Manufacturing: A leader in clean cookstove technology, BURN secured a $12 million investment from Key Carbon Ltd. to build a new assembly plant in Northern Nigeria. This factory will increase distribution…

By Martin Ekpeke Following the arguments that the storage and processing of data within the Nigerian borders will propel Nigeria’s digital economy to new heights and ultimately fuel innovation and economic growth in the country, a tech enthusiast has decided to highlight some of the challenges why data is still not 100 percent hosted in Nigeria. Chopinx Omoroh, an industry watcher and analyst believes that despite the many benefits, implementing data domestication in Nigeria faces several challenges. These challenges, according to him include a lack of infrastructure. He noted that building and maintaining a robust data center infrastructure requires significant…

A new Director General/Chief Executive Officer has been appointed by President Bola Ahmed Tinubu, for the National Office for Technology Acquisition and Promotion (NOTAP), an agency under the purview of the Federal Ministry of Innovation, Science and Technology (FMIST). This was disclosed by Solomon D. Nshem, Deputy Director (Public Relations & Protocol) at NOTAP. She is Dr. Barr. Lady Obiageli Edith Amadiobi. Until her appointment, she was a retired Permanent Secretary Ministry of Information and Strategy Imo State and was before her retirement responsible for initiating vibrant policies in the ministry that has garnered great support for the present administration…

Following the restriction from the Central Bank of Nigeria on onboarding new customers, PalmPay is thrilled to announce that onboarding has resumed on its mobile app for users and merchants. This milestone represents PalmPay’s ongoing commitment to revolutionizing the Nigerian financial services sector by providing seamless, secure, and efficient financial solutions while working assiduously with the apex regulatory body. Chika Nwosu, Managing Director of PalmPay Nigeria, stated, “Our commitment to excellence and financial security remains unwavering as we drive financial inclusion. Despite the growing interest in cryptocurrency, PalmPay does not permit cryptocurrency or virtual asset trading on our platform, and…

Interswitch Group has announced the commencement of its Electronic Funds Transfer (EFT) Engineering Programme, which is an early-career development programme for engineering talents to develop competencies in end-to-end electronic funds transfer technology and operations. With the hope to onboard up to 40 EFT engineering talents,  the new programme will be a 6-month of intensive and hands-on training and global exposure to the latest dynamics and best practices in Switching and Electronic Funds Transfer (EFT) technologies. The programme is targeted at young graduates and engineering talents with 0-5 years of work experience, incorporating fundamental skills in technical support/implementation within banking &…

LG Electronics, a renowned global leader in technology and innovation, has made a generous contribution by providing a solar-powered borehole to the Abule Osun community in Lagos, Nigeria. This marks the second similar project in Nigeria, demonstrating the company’s commitment to addressing the pressing issue of access to clean drinking water in local areas. The solar water pumping system reaches a depth of 120m and has a pumping capacity of around 40m3 per day, equipped with advanced treatment technology to guarantee safe drinking water. Moreover, a 3000-liter tank ensures a continuous 24-hour water supply for the residents of Abule Osun,…

In a world where power outages are as common as morning coffee, finding a smartphone that keeps up with our demanding lives is like embarking on a modern-day quest. But what if I told you there’s a device that can last an astonishing 48 hours on a single charge? Get ready to meet the TECNO POVA 6 Neo—a true game-changer that redefines our battery life expectations. At the heart of this marvel lies its crown jewel—a monstrous 7000mAh battery, a powerhouse capable of fueling your digital adventures for days on end. Whether binge-watching your favorite series, conquering virtual battlefields, or…

Written by Staff Writer ITPulse In the realm of digital technology, where metrics often rules, Theresa Okonofua is more concerned with developing technology that genuinely connects with people. She creates solutions which bridge the gap between utility and meaningful user experience as a product designer by combining technological know-how with a human touch. With a background that spans various fields, her work consistently pushes the boundaries of what digital solutions can achieve. Theresa noticed early on a recurring problem: brilliant innovations often miss the mark when it comes to meeting the real needs of users. This insight shaped her unwavering…

First Bank of Nigeria (FBN Holdings Plc) kicked off 2024 with a bang, reporting impressive financial results for the first quarter (Q1) ending March 31, 2024. Key Highlights: Profit Soars: Profit before tax (PBT) jumped a staggering 325.2% to N238.53 billion compared to N56.1 billion in Q1 2023. Strong Revenue Growth: Gross earnings surged 181.4% to N730.3 billion from N259.5 billion in the same period last year. Customer Deposits Up: Customer deposits grew 24.4% to N13.27 trillion as of March 2024, compared to N10.66 trillion in 2023. Loan Growth: Customer loans and advances increased to N8.42 trillion as of March…