In 2021, the global demand for IT devices, such as desktop PCs and mobile phones, reached a record $730 billion in sales revenue. However, there has been a fluctuation in demand since then. Despite a significant recovery from a sales slump in 2022, the negative trend is expected to persist in 2024. Data from Stocklytics.com […]
The Transmission Company of Nigeria (TCN) has signaled its intention to probe the causes behind the tripping of the Sapele Steam and Egbin power-generating units. This follows the recent announcement by the organization that the national grid has been fully restored after a partial disruption around 11:21 a.m. on Sunday. In a statement released in […]
In a survey of 1047 US business leaders by Tech.co’s Impact of Technology on the Workplace report, 93% of AI-utilizing businesses consider or have implemented a 4-day work week. Millennials and Gen X leadership show greater support for a shorter work week than Baby Boomers. Only 41% of businesses without AI adoption are open to […]
The NNPC Ltd, in partnership with the U.S. Department of States and global consultancy firm, Deloitte, is collaborating on a project to achieve net-zero carbon goals by reducing methane and greenhouse gas emissions from upstream operations. This initiative, still in its early stages, was the focal point of a three-day workshop on methane abatement and […]
The International Telecommunication Union (ITU) has selected Dr. ‘Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, to be part of the Digital Innovation Board within the framework of the Innovation and Entrepreneurship Alliance for Digital Development. This alliance aims to bridge the global digital innovation gap and support ITU members in their efforts […]
The Internet Exchange Point of Nigeria (IXPN), a prominent exchange point in Africa, has revealed its strategic plans for 2024, emphasizing growth and advocating for increased connections of Internet Exchange Points (IXPs) from other African countries to IXPN. During a Membership Engagement Forum held in Lagos for members across Nigeria, Mr. Muhammed Rudman, the CEO […]
Dr. ‘Bosun Tijani, the Minister of Communications, Innovation & Digital Economy, has urged the community of technologists and tech enthusiasts in Ministries, Departments, and Agencies of the government to enhance the concept of Digital Public Infrastructure (DPI). This initiative aims to transform the Nigerian Civil Service into a world-class institution and improve government services. In […]
QNET’s enlightening video on the transformative effects of its financial literacy initiative, Fingreen, has been recognized with a prestigious gold award at the 2023 MarCom Awards. Named “FinGreen: Cultivating Financial Literacy for a Bright Tomorrow,” the video spotlights QNET’s FinGreen program—a peer-to-peer educational initiative crafted to enhance financial comprehension in disadvantaged communities. The video begins […]
The parallel market witnessed a less favorable performance for the naira, trading within the range of 1,440/$ to 1,460/$ at the conclusion of Monday’s trading, as reported by Bureau de Change operators. Contrastingly, the official forex window exhibited a stronger naira on Monday, recording a 1.09% appreciation to close at 1,419.86/$. This positive shift was […]
The International Monetary Fund (IMF) envisions a reduction in Nigeria’s inflation rate to 23% in 2024 and further to 15.5% in 2025, as revealed by Daniel Leigh, IMF’s Division Chief of Research Department, during the recent press conference for the Fund’s World Economic Outlook (WEO) update. As of December 2023, Nigeria’s inflation rate was recorded […]