News Highlights: The Federal Government has received 60 locally assembled Compressed Natural Gas (CNG) hybrid buses from Jet Motor Company. President Bola Tinubu highlighted the initiative’s goal to reduce Nigeria’s dependence on oil by investing in CNG. The Federal Government has taken delivery of 60 locally-assembled Compressed Natural Gas (CNG) hybrid buses, Channels TV reports. Revealed in a post through its official X handle on Thursday, the buses were delivered by Jet Motor Company under the Presidential CNG Initiative. According to the statement, the development is in continuation of efforts to provide affordable and comfortable transport solutions for Nigerians. The…
Author: DigitalTimesNG
News Highlights: Muhammad Sanusi II, the 16th Emir of Kano, expressed profound sorrow over the destruction of the oldest printing press in Kano. Emir Sanusi also lamented the damage to the Nigerian Communications Commission’s Industrial Digital Park in Kano during recent hunger protests. Muhammad Sanusi II, the 16th Emir of Kano, on Wednesday, lamented the destruction of the oldest printing press in the ancient city of Kano, describing it as a wicked attempt to wipe out the monumental edifice. Emir Sanusi explained that his great-grandfather and grandfather worked at the printing press which was built in 1933, reports Digital TimesNG.…
News Highlights: Former President Olusegun Obasanjo criticized Nigeria’s overreliance on crude oil for economic survival, calling it a deadly mistake. Obasanjo lamented the persistent corruption and mismanagement within Nigeria’s oil sector, particularly the failure to maintain and revamp the country’s refineries. Former President Olusegun Obasanjo has stated that Nigeria’s overreliance on crude oil for its economic survival remains one of the deadliest mistakes made by its leaders, reports Digital TimesNG. Obasanjo who spoke during an interview with the Financial Times, said the country’s economy would have been much better if it had not relied on just crude oil production as…
News Highlights: TD Africa, in partnership with Huawei has launched the Huawei eKit to optimize operations, enhance productivity, and drive growth for SMEs. The Huawei eKit includes a range of products such as routers, switches, access points, and the IdeaHub, providing robust connectivity solutions. TD Africa’s partnership with Huawei reflects its commitment to empowering SMEs with cutting-edge technology. Respite has come the way of Small and Medium Sized Enterprises on the African continent as TD Africa partners Huawei to help SMEs optimize operations, enhance productivity, and drive growth, reports Digital TimesNG. Having seen the challenges SMEs on the continent face…
News Highlights: Researchers from LAUTECH and FUT showcased their NASENI-funded research and development products. The presentation culminated a collaborative effort between NASENI and the varsities that began with an MoU in April 2023. The researchers called for further funding to mass-produce and commercialize their products. Researchers from the Ladoke Akintola University of Technology (LAUTECH) Ogbomosho, Oyo State and Federal University of Technology (FUT), Minna, Niger State have showcased their research and development (R&D) products funded by the National Agency for Science and Engineering Infrastructure (NASENI). Digital TimesNG reports that the presentation which took place at the Technology Orientation Centre (TOC),…
For many product teams, going global is both exciting and daunting. Often, the plan is to just translate a product that works within a particular market and optimistically expect positive results in other markets. But a truly global product should be designed to evolve from the start. The leader must understand diverse cultures, user behaviours, and local setups. To build for a global audience, it’s important to understand the world as a collection of individual demands and desires, not just one big market. This takes a clever approach that goes beyond the surface-level attributes to understand the real cultural and…
News Highlights: NCC’s Executive Vice Chairman will lead stakeholders at the fourth edition of the NITRA ICT Growth Conference. The conference will feature multi-panel discussions aimed at accelerating AI growth in Nigeria’s ICT sector. The event will bring together prominent figures in the country’s ICT ecosystem. As the Nigeria Information Technology Reporters Association (NITRA) prepares for the fourth edition of its stakeholder engagement event, the NITRA ICT GROWTH CONFERENCE, Dr. Aminu Maida, the Executive Vice Chairman (EVC) and CEO of the Nigerian Communications Commission (NCC), is set to lead stakeholders at this annual roundtable to examine the industry and strategize…
News Highlights: PalmPay is at the forefront of fintech innovation in Nigeria, providing exceptional business and agent banking solutions. PalmPay’s PoS network is highly reliable, with a 99.5% success rate and same-day transaction settlements. PalmPay also offers industry-leading cashback rates of 0.1% on every transaction, supporting local businesses. The banking sector is experiencing a significant and positive shift, with PalmPay leading the charge. As a prominent fintech innovator, PalmPay is making waves in business and agent banking solutions. Boasting a robust network of over 1.1 million Agents and Merchants, PalmPay is committed to enhancing financial accessibility across Nigeria. PalmPay is…
News Highlights: Femi Otedola endorsed the Federal Government’s proposal for a 70% windfall tax on banks’ foreign exchange gains. Otedola criticized the banking sector for its excessive spending on private jets, estimating a $50 million annual maintenance bill. He highlighted the importance of the windfall tax in fostering economic stability and integrity within Nigeria’s financial institutions. Billionaire businessman and Chairman of FBN Holdings, Femi Otedola, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. Otedola, in a statement he issued on Wednesday, criticized the banking sector for its $50m estimated…
News Highlights: Shareholders filed a lawsuit against CrowdStrike for “false and misleading” statements about its software testing. CrowdStrike experienced a major issue on 19 July when a faulty software update crashed 8.5 million Microsoft Windows computers globally. The lawsuit seeks compensation for investors who held shares between 29 November and 29 July. Shareholders have sued CrowdStrike after a faulty software update by the cybersecurity firm crashed more than eight million computers and caused chaos around the world. The shareholders accused the company of making “false and misleading” statements about its software testing, according to a report by the BBC. It…