Author: ITPulse

A new report from Arthur D. Little, AT&T, Deutsche Telekom and Telefónica has urged telecom operators across the world to virtualize their operations. The report noted that moving to a more virtualized, converged and cloud-based architecture for its access networks, will enable telecom operators to meet three current challenges such as demand growing faster than revenues, technology convergence and the increasing value delivered by third parties within their ecosystems. The outcome of the report was based on the experience and expertise of the ‘Who Dares Wins.’ It argues that operators need to move to modular Central Office pod (“CO pod”)…

By Damilola Faustino Debit card fraud is increasing on a daily basis because it is one of the easiest ways to get your hands on cash and at the same pay for online transactions. The National Bureau of Statistics (NBS) said Automated Teller Machine from selected banks across the country recorded transactions valued at N39.15 trillion in the fourth quarter of 2018. It said that the N39.15 trillion was derived from 616,528,697 transactions recorded as data on “Electronic Payment Channels in the Nigeria Banking Sector” during the period. Regardless of this seamlessness and due to increased dependence on debit cards,…

The value of Automated Teller Machine transactions across Nigeria as of the second quarter of 2018 got to N39.15trillion, theNational Bureau of Statistics revealed in its “Selected Banking Sector Data in the Fourth Quarter, 2018”. This value, according NBS, was derived from 616,528,697 transaction among Nigerians, adding that NIBSS Instant Payments transactions dominated the volume of transactions recorded in the quarter. NBS also noted that data on “Electronic Payment Channels in the Nigeria Banking Sector” during the period, indicates that 228, 209, 423 NIP transactions valued at N23.57 trillion were recorded in the quarter under review. For effective financial inclusion,…

The government of Hungary is presently hosting Nigeria and other countries across the world to this year’s International Telecommunications Union (ITU), where heads of state, ministers, key industry players from major corporate and tech SMEs will focus on innovation and connectivity to improve lives. The event officially started yesterday and will last for four days. During these four days, debate will center around expanding avenues for cooperation and ICT infrastructure investment, making ICT applications and services more relevant, secure and affordable, and give people the tools and skills they need to navigate and succeed in the digital economy. “Together, we…

Ride hailing company, Uber is set to disrupt the Lagos public bus transportation business, and ultimately address the challenges of public transportation in the metropolis with over 20 million people. Already, representatives of the company have toured the newly launched bus terminals in the state, held talks with state officials for possible collaboration, as any plan in this regards would require full approval of the state government. According to Quartz Africa, the move to disrupt Lagos public bus transportation business is indicative of Uber’s plan to become the “Amazon” for transportation and tap into riders’ preferred mobility options. It’s also…

The contribution of Information and Communications Technology to Nigeria’s Gross Domestic Product (GDP), has risen from 11.22 percent in the second quarter of 2018 to 13.85 percent in the second quarter of 2019. According to a report released by the National Bureau of Statistics (NBS), the ICT nominal contribution to GDP, surpassed that of Oil and Gas in the second quarter of 2019. The figures show that the Nigeria’s GDP grew by 1.94 percent (year-on-year) in real terms in the second quarter of 2019 compared to the second quarter of 2018, which recorded a growth of 1.50 percent. The non-oil…

Ten Nigerian Startups, selected for utilising hardware and deep technology tools in their businesses will be travelling through five Asian cities pitching their businesses to investors in the Asian technology ecosystem and forging partnerships to scale. The journey is part of 2019 PitchDrive Asia Tour Stories, which happens to be the second edition of Co-Creation Hub’s PitchDrive tech tour, and is sponsored by MainOne, Sterling Bank and other partners. During the tour, (co)founders will interact with deep tech and hardware communities in Singapore, Japan, South Korea, China and Hong Kong, engage in pitch events with Asian tech giants such as Tencent…

In an effort to contribute to the development of education in Nigeria, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated an ultra-modern lavatory to Abaranje Primary School, located in the Alimosho Local Government Area of Lagos State. The facility donated by Stanbic IBTC consists of a block of 12 modern toilets – 10 for the use of students and two for their teachers’ use. It also includes a septic tank, borehole and overhead water tank. Speaking during the handover ceremony at the school premises, Angela Omo-Dare, Head, Legal Services of Stanbic IBTC, said that the donation…

By Daniel Tyler The burgeoning African gaming market has been spearheaded by a number of countries in recent years with South Africa, Nigeria, Kenya, Uganda and Tanzania widely deemed as the leading markets on the continent. Thanks to a concoction of budding technological hubs, increasing online access and digital penetration rates, as well as viable payment solutions being in place in a mostly unbanked population, the conditions have been ripe to support an online market. In Kenya, mobile operators cover almost 90% of the population with over 46 million people having access to the digital space. These conditions, intertwined with…

Data protection and privacy have become buzzwords in the European digital ecosystem in the era of GDPR, introduced in May last year. The Swedish data protection authorities (DPA) recently levied the first fine of approximately $ 20,000 to a high school which ran trials of facial recognition technology among a group of students to monitor their attendance. The school authorities argue that the program had the consent of the students, though that did not soften the stance of the regulator. The European data protection board citing the ‘imbalance’ between the data subject and the controller of data. Canvassing the multiple…