Author: ITPulse

Nigerian President, Muhammadu Buhari, today renamed the Ministry of Communications to Federal Ministry of Communications and Digital Economy. This was disclosed in a statement issued and signed by Philomena Oshodin, Deputy Director Press & Public Relations at the Ministry. According to a statement, the name change will properly position and empower the Ministry to fulfill his Digital Economy objectives, and will further expand its mandate to capture the goals of digitalization of the Nigerian economy in line with the Economic Growth and Recovery Plan (EGRP), one of the key agenda of the present administration.  The statement quoted the Minister of…

…. As Africa Digital Heroes Award 2019 holds in Lagos With the rate at which the digital revolution is fast changing the way people interact, interrelate, and how businesses research, produce, deliver products and services, and settle financial transactions in the modern world, Dr. Bayero Agabi, President, Centre for Cyber Awareness and Development (CECAD), Lagos, has called on the Nigerian Government to establish the Ministry of Innovation and Digital Economy at all levels of governance. In his welcome address on the well-attended occasion, which marked 20 years of pioneering efforts of specialised ICT Broadcast and Advocacy in Nigeria, Dr. Agabi…

First Bank of Nigeria Limited has been awarded the Best Private Bank and Best Retail Bank in Nigeria by the World Finance Magazine and Global Banking and Finance Review. The award came as a result of Firstbank’s commitment and leading role in providing bespoke financial services to its customers and the public in general, through its numerous state of the art and innovative financial products and services. According to Wanda Rich, Editor, Global Banking & Finance Review, in the 125 years of continuous banking operations, First Bank of Nigeria Limited has remained a pioneer in the retail banking development in Nigeria. He said…

No doubt, traffic is one of the major challenges for commuters in Lagos. The traffic is largely caused by a lack of space and cramped environments, including high traffic areas. Thereby allowing people in the city to stressed-out daily, giving away a large chunk of man hours. But Google says there are technological tools available for Lagos road users to use to help smooth their journeys and make life a little easier. They are: First and foremost, how real is the traffic situation?: Who says you have to hit the road at 07h30 or 17h00 sharp? With just one tap,…

KPMG Nigeria has advised financial institutions in the country to be wary of the digital transformation sweeping the banking industry, especially with the coming of Fintechs. The advisory company, who stated this while making a presentation at the Digital Summit, organized by Inlaks in Lagos last week Friday, posited that with the coming of digital transformation, the fraud typologies are also changing. According to Mr. John Anyanwu, Associate Director, KPMG Nigeria, who delivered the presentation titled ‘Cybersecurity Threat to Digital Banking: A Global Perspective’, noted that digital transformation is changing fraud typologies. “Digitization comes with numerous opportunities, but it also…

For the last four decades there have been thousands of news reports announcing the coming of widescale automation and the wonders of expert systems. But what was so often heralded as a revolution has turned out to be very slow to progress and largely confined to assembly and processing operations in the automotive, food and electronics sectors. Are companies outside these sectors frightened of automation, or are there other forces at work? Let’s look back to see where the origins of the digital age took root. Projects like the high speed Cadbury flow wrapping machine in 1987 was as advanced…

Mobile and Disruptive Technology Forum (#MoDiTECH2019) will hold coming Thursday, October 24, 2019, in Lagos under the theme: Power of Digital Services. Nigerian Communications Commission, Galaxy Backbone and i-naira.com are the latest industry stakeholders to support the Forum/. The maiden edition of Mobile and Disruptive Technology Forum 2019 is being organised by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, as a platform for inter-sectorial review of economic impacts of emerging technologies; giving particular attention to the disruptive potentials of Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision. MoDiTECH’ which holds at Victoria…

Network and endpoint security provider, Sophos has announced the availability of Sophos Cloud Optix on Amazon Web Services (AWS) Marketplace, explaining that as a new agentless software-as-a-service (SaaS) offering, the Cloud Optix automatically discovers cloud assets, detects cloud security vulnerabilities and misconfigurations, and provides threat response for AWS customers. Recognized as a channel-first, channel-best leader in providing innovative solutions like Cloud Optix, Sophos has also been named AWS Partner Network (APN) Technology Partner of the Year. It tops the list of APN partners for its dedication to helping AWS customers build, market and grow successful cloud businesses. “Sophos research shows…

By Chinyere Joel- Nwokeoma (NAN) For many years, until the early 1980s, the Nigerian textile industry was the highest employer of labour, after the public sector. Sadly, the industry is in dire straits battling for survival in recent times. Among the challenges that confronted the sector were policy inconsistency leading to the closure of many textile companies occasioned by a poor power supply, smuggling, poor access to finance and high operating cost, among others. It is unarguable that the closure of many textile companies contributed to the rise in the country’s high unemployment rate, rising insecurity and other social vices.…

Nigeria Tele House, Medallion Communications Limited, last week Friday in Lagos went home with the award of ‘Excellence in Enterprise Data Centre Service’ at the Africa Digital Heroes Awards, organized by the Centre for Cyber Awareness and Development (CECAD). According to the organizer, Medallion won the award owing to the company’s domestication of Data Centre in Nigeria, where its facility is hosting over 83 local and international service providers, making it the most connected Data Centre in Nigeria. “After an extensive and exhaustive research, the committee in charge of the Africa Digital Heroes Awards came to the conclusion that the…