Author: ITPulse

Nigeria’s Firstbank has announced the hosting of the 2020 edition of its annual FinTech Summit on Thursday, 6 August 2020 by 12.00 noon via Zoom Video Conference. According to Firstbank, the Summit with the themed; “How Blockchain and Artificial Intelligence will Disrupt FinTech in Nigeria” will promote the growth and reinvention of banking technology in Nigeria. The 2020 edition of the summit is the fourth in its series. The theme of the summit will be discussed by experts, key and leading players, policy influencers and regulatory officials in the Nigerian financial, banking and technological climate. To participate in the event,…

The Chairman of Code of Conduct Bureau, Prof. Mohammed Isah has emphasized the reasons behind the agency’s recent nationwide exercise to monitor the Federal and States government distribution and management of the social interventions palliatives in response to the COVID -19 pandemic. According to Prof. Mohammed, the move is a very supportive one to help the fight against corruption by President Muhammadu Buhari led the administration to enshrine transparency and accountability in the discharge of the government’s responsibilities to the citizens. ”We are responding to the call to help in the monitoring of the processes in the distribution of the…

The Lagos State government in collaboration with Eko Innovation Centre, today launched what it tagged the “The Lagos Smart Meter Hackathon 2020”, a Smart Meter Initiative aimed at addressing the metering gap in Lagos and by extension Nigeria. The initiative, which was launched through the Lagos State Ministry of Energy & Mineral Resources, was unveiled by the Governor of Lagos, Babajide Olusola Sanwo-Olu and the Honourable Minister of State, Federal Ministry of Power, Goddy Jedy-Agba; along with other government officials at a virtual press conference. Speaking, Mr. Sanwo-Olu noted that the launch marks a significant milestone in the implementation plan…

The management of Galaxy Backbone, technology implementing agency of National Information and Communications Technology Infrastructure Backbone (NICTIB) Phase II project, has given some clarifications surrounding the $400million loan for the project. Some media houses had earlier today reported that the Federal House Of Representatives (HoR) Committee on Treaties, Protocols & Agreements, discovered some clauses in the loan deal, which are capable of threatening the sovereignty of Nigeria. But in an email message circulated to journalists, Galaxy Backbone stated that report is not only misleading to the reading public but was never a true reflection of the deliberations in the session…

In exploring the 622 toll-free channels, the Nigerian Communications Commission (NCC), has stressed the need for aggrieved telecom subscribers to always report their issues to the service providers before escalating it to the regulator. The Executive Vice Chairman of NCC, Prof. Umar Danbatta stated this in a video the Commission posted on all of its social media platforms, stressing that the regulator’s action is only needed when the operators failed to provide a favorable response to the consumer’s complaints. “Telecom Consumers can call 622, NCC’s toll-free number only after complaining to service providers and not getting the desired response. The…

Nigeria’s based startup, Fidarr has launched a new music streaming and video community service in a single App, which will provide the underserved Christian population with Faith-based content. The web app, launched in December 2019 with a beta version has since gained over 11, 000 users with over 34, 000 page views, according to Google Analytics. The new Fidarr Web version, a Spotify style web-based app allows users to stream music, create a playlist, and add music out of Fidarr’s music catalogue into their personal music library on their user account to create an experience of having a list choice…

GlobalData has highlighted five technology industry deals that accounted for 36.8 percent, representing $48.16billion of the overall value of $131.01billion deals that took place in the second quarter of 2020. The top five technology industry deals tracked by GlobalData are the merger of O2 Holding and Virgin Media for $18.82billion and the $9.39bn merger of GCI Liberty by Liberty Broadband Corporation. Others General Atlantic Singapore Fund, Internet Opportunity Fund, Jinbo Yao, Ocean Link, Tencent Holdings and Warburg Pincus Asia’s $8.7bn private equity deal with 58.com, the $5.7bn acquisition of Jio Platforms by Facebook and Cinven Capital Management, KKR &Inc, Lorca…

Spending by communications service providers (CSPs) on 5G network infrastructure globally will reach $8Billion in 2020 up from $4.2 billion in 2019, with China accounting for 49 percent of global spend, analysts at Gartner have predicted. Gartner attributes the spending growth rate for 5G to the rush in the commercial launch by operators globally, which is down from the huge 577 percent recorded between 2018 and 2019. Meanwhile, investments in 4G are expected to total $16.4 billion as it remains the technology with the highest network expenditure, though this is down from $20.6 billion in 2019. According to Gartner Research…

The President of Huawei’s Carrier Business Group, Ryan Ding has explained how the outbreak of the Covid-19, mandating social distancing measures had driven a new wave of efficiency across the company, as it applies digital technologies to more internal processes. Mr. Ding said with the outbreak, Huawei has introduced electronic bidding, contract signing and invoicing, along with integrated purchase orders, making the Original Equipment Manufacturer (OEM) to make contactless transactions a reality, reduce personal interactions and allows for more efficient and secure transactions. “We are using digital technology to change the way we work and are shifting to digital delivery…

Launches KGExpress for delivery Plans to launch Mobile App for Android and iOS users Kaiglo, a marketplace that offers consumer’s favorite market closer to them through online trading, and helps entrepreneurs build brand recognition, total users have crossed 50,000 in the last one year it started operations. Similarly, it recorded over 200 percent growth rate in merchants’ enrolment since the first quarter of this year. This was disclosed by the Kaiglo’s Co-Founder and Chief Executive Officer, Mr. Victor Chukwuebuka Eze, during a press conference as part of activities to mark the first anniversary. Mr. Eze described Kaiglo as an online…