Author: ITPulse

By Martin Ekpeke The Nigeria’s insurance industry has remained much the same for decades, largely due to a risk-averse culture that has been resistant to change. But this is about to change with the coming of Insurtech, a technology that lies behind the creation, distribution and administration of insurance business, riding on smartphone apps and wearables. The technology will disrupt the industry in such a way that both investors and insurees’ confidence will be regained as claims processing tools, online policy handling and automated processing will ride on the Insurtech initiative. It will also be useful for collecting and analysing…

Investment in startups, comprising of Seed A funding rounds accounted for 75.6 percent of the total investment volume in the second quarter of 2019, GlobalData, a data and analytic company has said. The breakdown shows that US and China collectively accounted for more than 60 percent of early state funding and more than 70 percent of growth/expansion/late stage funding (comprising Series B, Series C, Series D, Series E, Series F, Series G, Series H, Series I and Series J) volume in Q2 2019. In the report, it also shows other key countries that attracted a significant number of early stage…

For the third year running, Nigeria Telecom & Information Technology Awards (NTITA) is set to honour individuals and corporate organisations, who have distinguished themselves in the last one year. The industry event, which is being organised by Instinct Wave in partnership with the Association of Telecommunications Companies of Nigeria (ATCON), is scheduled to hold in Lagos on 28th September at the at the plush Oriental Hotel, Lekki. According to the organisers, 2019 NTITA would reward and recognise not only the products and diverse innovations that keep the ICT & Telecom sector thriving, but also the companies and people who make…

Nigerian nationals in the United Kingdom and Germany have been given opportunities to register and get their National Identification Number (NIN). This is made possible as VFS Global, launch new centres in London and Leicester in partnership with Dantata Universal Services for the convenience of Nigerians in the United Kingdom. New National Identification Number enrolment centres will also be opened in Berlin and Frankfurt, Germany on 12 August 2019. ” The launch of our new National Identification Number enrollment centres in UK and Germany to support the initiative by the National Identity Management Commission, Nigeria highlights our efforts to offer…

The devaluation of China’s currency that is rattling global financial markets has revealed that Bitcoin is now becoming a safe haven asset, Nigel Green, Chief Executive and Founder of deVere Group asserted. The analysis from the CEO of one of the world’s largest independent financial advisory organisations comes as investors piled into the Bitcoin and other cryptocurrencies this week amid growing trade tensions between the U.S. and China. The Chinese renminbi fell to under 7 to the U.S. dollar on Monday – the lowest in more than a decade – igniting drops in stocks and emerging market currencies and driving…

The Nigeria Innovation Summit [NIS] 2019 has continued to garner support and endorsements ahead of the August 20 and 21 event in Lagos, with the latest partnership coming from the Nigerian Communications Commission (NCC); the country’s telecom regulator . According to NCC, supporting NIS is in line with its commitment to promoting ICT innovation and investment opportunities and facilitating strategic collaboration and partnerships to grow the economy. NIS is another unique opportunity to bring together key players/actors in the Nigerian technology ecosystem to deliberate and suggest policy, framework/strategy that could further deepen the sectorial contribution to other industries. The collaborative…

This is a part 2 of ITPulse assessment of Prof. Umar Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC) leadership in the last four years. Check out the part 1 here, which was published two days ago. Telecom Investment 2015-2019 Four years ago, the investment profile of the sector was around $38 billion. But today, it has grown to over $70billion. Despite this, the telecom regulator has admitted the present investment in the sector is inadequate and will continue to pursue policies that would encourage more investment, stressing that Nigeria is one of the fastest growing telecommunications…

What is a dashboard? The first thing that may come to your mind will be what you usually see in your vehicle just above the steering. However, that isn’t the type of dashboard being referred to here. We are referring to dashboards used by different kinds of businesses and industries for data visualization. Dashboards display metrics which are very important in helping us understand particular areas of interest. A good dashboard has the ability to give you an understanding of events at a glance. A dashboard is characterized as a timesaver based on the fact that it displays vital information…

Latest Internet subscription statistics released by the Nigerian Communications Commission (NCC) for the month of June has shown that Globacom gained more subscribers than any other network operator. Though, it was a difficult month for the industry generally, as the total number of internet subscribers dropped by a whopping 332,338 from 122,624,417 in May to 122,292,079 in June, Globacom gained a total of 196,816, moving from 28,825,533 data subscribers in May to 29,022,349 in June. Airtel gained a total of 42,510 subscribers in the corresponding period. On the other hand, MTN lost 178,103 subscribers, dropping from 52,433,020 in May to…

Millennials are currently the largest generation in the Nigeria labour force and will comprise more than 75% of the workforce by 2025 (globally). In fact, Millennials now have the most spending power of any generation, which means that creating a work environment that they can thrive in matters a lot for them. Yes, change is certainly happening among the Millennials, yet progress is still needed. Unfortunately, many corporate entities are stuck in outdated norms, many of which are still tailored to older generations. This is particularly true when it comes to management. So, it is usually heart-warming to see firms…