Author: ITPulse

Financial adviser, JP Morgan has been rated top in the top 10 global Merger & Acquisition financial adviser league table in the Information and Communications Technology sector for the first half of 2019. According to GlobalData, a data analytics company, the rating was done based on deal value in the first half of 2019, disclosing that the New York-based financial institution took the top spot with a deal value of US$130.0bn for advising on 33 deals. Bank of America Merrill Lynch finished in second position with 25 deals worth US$90. 3bn and Goldman Sachs at third position with 34 deals…

The National Information Technology Development Agency (NITDA) has extended the filing of the initial data audit report by data controllers and processors by three months. The government agency for IT clearing in Nigeria says the extension follows a series of appeals from data controllers. NITDA, had based on article 4.1(5) of the NDPR requires Data Controllers to submit an initial audit report within six months of issuance of the Regulation (which lapsed on 25th July, 2019). But in a statement signed by its Director General, Dr. Isah Pantami, NITDA noted that this extension period would elapse on Friday 25th October,…

With cybercrime on a meteoric rise, organizations in 2019 have to pay extra attention to increased cloud security, vulnerable Internet of Things networks, and phishing practices A recent report on cybercrime estimated that hackers could have made as much as45 billion from their illicit activities in 2018. The staggering number is yet another wake-up call for organizations worldwide to take their cybersecurity measures seriously and pivot them around three main trends of 2019. These are the cybersecurity trends that are must-know for any organization this year. Increased Attacks on Clouds. The rise of cloud computing as a go-to network infrastructure…

Latest report from GlobalData, a data and analytic company has revealed that the biggest regulatory threat, big tech companies like Google, Amazon and Facebook will face in the coming years is data privacy. The report believes that big tech companies persistently evaded any form of accountability for data breaches, election manipulation, obstruction of justice, promotion of terrorist material, fake news, and online abuse perpetrated through their own internet platforms. “Once deemed consumer champions, Big Tech now appears to be the new dark side of capitalism, arguably presenting a bigger risk to society than bankers were in 2007. Public outrage at…

One of Africa’s Information and Communication Technology providers, Inlaks yesterday assured that thehatch innovation hub it launched in Lagos will spur the growth of technology innovations that will alter many sectors of the African economy. Specifically, the Pan African company said the hub will provide a nurturing environment for young and innovative Africans to build and scale up technology ideas that would ultimately rejig the insurance industry and position it for growth. The Executive Director (Innovation and Business Transformation) at Inlaks, Olufemi Muraino, disclosed this at the unveiling of the maiden Insurtech Hackathon themed “Shaping the future of Insurance”. He…

AfriGoldTV has emerged the Best Online Movie platform of the year at the 2019 Titans of Technology Awards which held at Oriental Hotel in Lagos recently. According to the organisers, innovation, viewers comments, storylines, content and service delivery were key components in the criteria considered by the Tech Africa intelligence unit panel that selected the award winners. The four months long period involved gathering series of detailed information on KPIs, Artists satisfaction, due diligence, production management, target, growth strategies and ethical practices. At the end, AfriGoldTV was the adjudged overall winner among 5 online movie platform operating in the country, scoring…

In a bid to resolve the challenge of quality data sourcing and collection in Nigeria, an Information Technology expert, Mr. Marcel Odiboh has suggested that the country must rethink and put in place a clear data development strategy for effective data management. The strategy, according to Odiboh, who is the Head, IT at CWG Plc, Nigeria’s biggest System Integration Company that enables the growth, will integrate not only the effort of the Nigeria Government, but will strategically include key organizations that are already involved in data collection in Nigeria. “For a Country like Nigeria to have an effective Data Management…

The business landscape is transforming faster than most businesses can adapt on their own, making Disruptive M&A the solution for established, market-leading companies that are looking to incorporate the agility of innovative start-ups into their company DNA. Disruptive M&A includes a portfolio of collaboration structures, such as partnerships, joint ventures, buy-outs and corporate venturing, that allows companies to quickly unlock innovation-fueled growth to transform their business. These deals are about more than financial returns; they offer access to new technologies, talent and operating models. Disruptive M&A deals are not only mired in complexity, but usually lead businesses into unfamiliar territory…

MTN Nigeria, yesterday announced a new Board of Directors with Former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Ernest Ndukwe as Chairman designate. In a statement from MTN Nigeria Chief Executive,  Ferdinand Moolman, the former telecom regulatory chief will take over from Chief. Pascal Dozie by September 2. Also notable people on the list of new directors is former Minister of Communications Technology, Mrs. Omobola Johnson. Others are former Nigerian pension regulatory chief Muhammad Ahmad, ex-banker, Andrew Alli, who once represented the International Finance Corporation to MTN Nigeria’s board. According to the statement, the combination of extensive…

By Adewale Adeyipo In spite of the harsh economic conditions Nigeria is faced with, recent trends have shown there are opportunities for growth of the SME Industry in Nigeria. As reported by the Nigeria Bureau of Statistics, 2019 Q1 GDP grew by 2.01%, with the majority of this growth being associated with the Non-Oil Sector which is a positive sign and indicative of Nigeria’s possible diversification and less reliance on the oil sector to drive her economy. The International Monetary Fund forecasts that GDP will increase by 2.1% in 2019, which would make Nigeria one of Africa’s slowest-growing economies and…