Konga, a trusted e-commerce platform, has once again established its dominance by winning the Top Retailer in the Supplies Category award at the recently concluded Retail Bootcamp organized by Hewlett Packard. The two-day event which was held at the Radisson Blu Anchorage Hotel in Victoria Island, Lagos served as a vibrant platform for knowledge sharing, insightful discussions, and industry networking. The HP Retail Bootcamp brought together key players in the Nigerian retail landscape and served as a platform to explore innovative strategies focused on improving the retail industry in Nigeria. The Top Retailer Award in the Supplies Category is seen…
Author: DigitalTimesNG
By Scott LIKENS Technology today is accelerating — closing the gap between what’s “now” and what’s “next” at an ever-increasing rate. Moore’s Law declared that computing speed would double every 24 months, an unquestioned reality that held for decades. AI has reduced that timespan to less than four months, and over the next 10 years generative AI could grow by more than 100,000,000x faster than Moore’s Law. That’s not all: the number of patents filed for quantum computing has grown from less than 300 to more than 6,000 in less than 10 years. Virtual reality is becoming more seamless and…
PayPal is laying off nine per cent of its workforce, the company’s CEO Alex Chriss told staff in a letter on Tuesday that PayPal made public hours later. The decision will impact about 2,500 employees, who will find out their fate between today and the end of the week, Bloomberg reported earlier. PayPal’s layoffs come almost exactly a year after the company fired more than 2,000 workers to keep costs down. Despite thousands of job cuts in 2023, layoffs at tech companies have continued into 2024. On the same day as PayPal’s latest layoffs, Jack Dorsey’s Block, the company that…
Google spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees throughout 2023, according to a report in The Verge. Only in January 2024, the company has so far already spent $700 million on employee severance charges as part of layoffs targeting another 1,000-plus roles. Alphabet, Google’s parent company, revealed the figure alongside its fourth-quarter earnings release on Tuesday. Despite the cuts, Google ended 2023 with growth across most of its core business lines. Google posted $86 billion in revenue for the fourth quarter of 2023, a 13 per cent increase year over year.…
Anambra State’s ascent to technological excellence reached new heights as it clinched the First Runner-up position in E-Government Implementation at the recent 11th National Council on Communication, Innovation, and Digital Economy (NCCIDE) meeting held in Kano. The award not only spotlights Anambra’s dedication to tech-driven governance but also highlights a series of groundbreaking achievements in the realm of E-Government Implementation. Key Achievements: Digitized ANSEC Processes: A complete digitization of Anambra State Executive Council (ANSEC) processes eliminates the need for costly printing, making the process more efficient, cost-effective, and sustainable. E-Government Infrastructure: The baseline study of E-government Infrastructure sets the stage…
A new study by the Network Contagion Research Institute (NCRI) has claimed that a single cybercrime group is largely behind the drastic increase in financial sextortion, according to a story by Neowin. NCRI said a loosely knit West African group called the Yahoo Boys has been publishing manuals online for other criminals, leading to an increase in financial sextortion crimes. According to the report, Yahoo Boys have been publishing materials such as instructional videos and scripts on TikTok, YouTube, and Scribd for other criminals to use. The targets of these materials are English-speaking children and young adults on Instagram,…
Microsoft’s Teams services were restored on Saturday after a disruption blocked access to the messaging platform. “After extended monitoring and mitigation efforts, we’ve confirmed that our Microsoft Teams service and features have been restored or have returned to optimal health,” Microsoft said in its post on X, formerly known as Twitter. Several users had flagged issues with the messaging platform on Friday. Complaints peaked in the afternoon with more than 14,000 incidents, according to outage tracking website Downdetector.com. All incidents appeared to be resolved on Saturday. The company had earlier said it had identified a networking issue impacting a portion…
Konga, in an exciting show of commitment to customer satisfaction, began the year with great fanfare by giving its shoppers unbeatable discounts on a wide range of products at its recent live auction which was held in Lagos. Hundreds of followers were seen bidding for the best prices on products ranging from 50kg bags of rice, sandwich makers, kettles, Apple iPhones and many other items, in an event that was streamed live on Konga’s social media platforms and YouTube. Adegboye George, a bidder at the event said “I joined the Konga Live Auction on social media because there were some…
The National Information Technology Development Agency (NITDA) in partnership with Coursera has opened applications from interested Nigerians to apply for Cohort 3 of Coursera courses. This development is in line with NITDA’s drive to implement President Bola Ahmed Tinubu’s Renewed Hope Agenda aimed at creating one million digital jobs in the Information Technology sector. Recall that NITDA and Coursera on October 19, 2022, launched a partnership to help combat high rates of youth unemployment, which stood at 19.6% in 2021, with both parties intending to train 8000 Nigerian learners annually in a cohort of 4000 learners each for the total…
Access Holdings Plc, the parent company of Access Bank, has been granted approval in principle by the Central Bank of Nigeria (CBN), to establish Oxygen X Finance Company Limited, a consumer lending subsidiary. The announcement of the approval was contained in a regulatory filing with the Nigerian Exchange signed by company secretary, Access Holdings, Sunday Ekwochi. Okwochi stated that the proposed subsidiary will make a positive impact on the financial landscape by providing innovative and seamless digital lending solutions to address distinct challenges faced by individuals and businesses in a rapidly evolving world. He said the proposed subsidiary would commence…