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Wema’s ALAT named Africa’s best digital banking app

wema alat

ALAT, the digital bank powered by Wema Bank has been named the ‘Best Mobile Banking App’ and ‘Best Digital Bank for 2017’ at this year’s World Finance Digital Banking Awards. The World Finance Digital Banking Awards celebrate organisations that lead the way with digitalisation while meeting consumer demands and mitigating against accompanying risks along the way. The lender in a ...

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Volkswagen To Spend Big on New Production

volkswagen

Volkswagen is going on a spending spree as the company seeks to spend more than $3.3 billion on the development and production of new models in North America from 2018 to 2020. The company announced its latest plans at the North American International Auto Show in Detroit recently. Some $1.2 billion of the planned investments are destined for the United ...

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Court sacks Etisalat Board

Etisalat-Nigeria

The Federal High Court in Lagos has nullified the appointment of an interim board for Emerging Markets Telecommunications Service, the owners of Etisalat. Justice Ibrahim Buba made the order on Friday based on an application by Spectrum Wireless Communication Ltd., which was said to have invested $35m in 2009 in EMTS/Etisalat. The court order nullified the appointment of Dr. Joseph ...

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Apple said its devices are at risk from chip flaw

Apple's IOS 11 Updates Siri to A More Natural Human

Apple Inc will release a patch for the Safari web browser on its iPhones, iPads and Macs within days, it said on Thursday, after major chip makers disclosed flaws that leave nearly every modern computing device vulnerable to hackers. Browser makers Google, Microsoft Corp and Mozilla Corp’s Firefox all confirmed that the patches they currently have in place do not ...

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Samsung: world’s biggest chip maker

samsung-galaxy-s8

South Korea’s Samsung has overtaken US rival Intel as the world’s biggest maker of semi-conductors as sales in the sector boom, a study published by consultancy Gartner showed on Thursday. Samsung Electronics “gained the most market share and took the number one position from Intel -— the first time Intel has been toppled since 1992,” said Gartner analyst, Andrew Norwood. ...

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WhatsApp set to stop working on some smartphones from 1st of January.

Whatsapp

WhatsApp is about to stop working on a range of old smartphones, meaning owners will have to buy newer gadgets if they want to continue using the chat app to the best of its capabilities. On New Year’s Day, WhatsApp will ‘remove support’ for a number of devices – which updated versions of the software can no longer be installed ...

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9mobile wins 13 awards at LAIF 2017

9mobile

9mobile formerly known as Etisalat, has won a total of 13 awards at the 12th Annual Lagos Advertising and Ideas Festival Awards. The company ranked highly on the list of highest award winners after winning seven gold, three silver and three bronze awards in several top categories. The telecommunications company said in a statement that the awards presented included Gold ...

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Ericsson set to raise $370m for 5G research

mobile

Ericsson is announcing that it has signed agreements for credit facilities with the Nordic Investment Bank for $220m, maturing in 2023, and AB Svensk Exportkredit for $150m, maturing in 2025. Of these new funds, 98 million will replace credit with NIB that was set to mature in 2019, Telecom Reseller reported on Friday. In addition to strengthening Ericsson’s balance sheet and financial ...

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How blockchain is transforming health care, medical records

blockchain

  Blockchain technology has been at the centre of media attention due largely to bitcoin, an upcoming digital currency that uses blockchain technology, increasing in value, netting investors unheard of returns. However, not many people actually understand what blockchain itself is, www.dataconomy.com says. Simply put, a blockchain is a distributed, immutable ledger or database that stores records known as blocks. Blocks can ...

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EU pledges €25m for the expansion of Nigeria’s power transmission

Chinedu-Nebo-Minister-of-Power

The European Union has pledged to support the expansion of Nigeria’s power transmission infrastructure with a grant of €25m (N7.6bn at the official exchange rate of N305 to one Euro). According to the Transmission Company of Nigeria, the grant will support the TCN on solar Independent Power Projects’ evacuation.  The Interim Managing Director, TCN, Usman Mohammed, who disclosed this to ...

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Twitter explains why it didn’t delete President Trump’s anti-Muslim retweets

Donald Trump

Twitter has explaned why it did not delete the three graphic anti-Muslim videos retweeted by President Donald Trump “we mistakenly pointed to the wrong reason we didn’t take action on the videos from earlier this week,” Twitter CEO Jack Dorsey said in a tweet on Friday. On Thursday, Trump retweeted three anti-Muslim videos first shared by Jayda Fransen, deputy leader ...

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Nigeria to begin manufacturing Electric Cars

electric car

The National Automotive Design and Development Council in Nigeria has intimated the public that electric cars in the West African country would soon be a reality. It made the statement on Thursday, 16th November 2017, noting that it will collaborate with relevant stakeholders to achieve the goal. The Director General, National Automotive Design and Development Council, Mr. Jelani Aliyu MFR disclosed this at the ...

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Negligence, human errors cause four air accidents – AIB

Aircraft landing on runway

The Accident Investigation Bureau on Wednesday released four more air accident reports, having released six others in the last few months. One of the reports was on the incident involving a Boeing 737-500 with registration 5N-BLE belonging to Aero Contractors Company of Nigeria Limited. The airplane was on a scheduled commercial flight from Lagos to Kaduna with 108 passengers and ...

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Top 5 kitchen tech products for fall 2017

Robotic in the kitchen

(NC) Technological innovation is spilling out of the smartphone and into the home. But what is worth the investment? Tech expert and author Amber Mac shares her picks for the top five kitchen tech innovations worth checking out this season. Voice assistants.From the highly anticipated Google Home to the Amazon Echo, today’s voice-controlled devices are so much more than a ...

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FG opts against $550m Chinese loan for communications satellites

BEIJING, CHINA - APRIL 12:  President of the Federal Republic of Nigeria Muhammadu Buhari (L) and Chinese President, Xi Jinping (R) shake hands during the signing ceremony at Great Hall of the People on April 12, 2016 in Beijing, China. (Photo by /Kyodo News - Pool/Getty Images)

The Federal Government has backed out of a plan to take a loan of $550m from the Chinese Export and Import Bank for the construction of two new communications satellites. The Minister of Communications, Mr. Adebayo Shittu, said this in an interview with our correspondent on the sidelines of the Alliance for Affordable Internet – Nigeria Coalition meeting chaired by ...

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5 key tips for digital parenting

mobile

(NC) Being a parent is a tough job, one that only gets more complicated when your kids start to go online and use smart devices. And with children as young as toddlers hopping onto their mom or dad’s tablets, the earlier you start the conversation about using the internet responsibly, the better. Use these tips to prepare for when your ...

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What’s trending in smart home technology?

tech

(NC) Everyday, technology is getting better at saving homeowners time, energy and money. In recent years, appliances of all brands have set their sights on pushing the limits of development and innovation. What used only to exist in futuristic films can now be found in your local Home Depot. Here are a few recent insights into what’s new in appliances. ...

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Cybersecurity summit to address IT risk, threats

new-virtual-reality-headsets-that-work-with-windows-10

The West African Cybersecurity Summit will provide a platform for government officials and businesses to learn about the sophisticated solutions to tackle cybersecurity threats. According to a statement by the organisers of the summit, Afrocet Montgomery, Nigeria is one of the world’s fastest growing cybersecurity economies in Africa. It added that the summit, slated for March 21, 2018 in Lagos ...

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