A cybersecurity firm, Sophos has informed that hackers have intensified attacks on two critical sectors of the economy with median recovery cost quadrupled to $3 million over the past year. The sectors, which are energy and water, Sophos disclosed that the recovery cost is four times higher than the global cross-sector
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Nigeria’s Information and Communications Technology (ICT) industry has witnessed significant growth over the past two decades, establishing itself as a pivotal sector for the nation’s economy. The rapid expansion of mobile telephony, internet connectivity, and digital services has spurred economic development, innovation, and job creation. According to the National Bureau
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Earth-bound lasers sending data to orbiting satellites will increase communication speeds with space 1,000-fold, researchers have said. A team from the University of Western Australia (UWA) has developed TeraNet – a network of optical ground stations specialising in high-speed space communications. The network received laser signals from OSIRISv1, a laser communication
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The tech sector’s decarbonisation goals are challenged by Artificial Intelligence (AI) power demands, with Google reporting a 48 per cent increase in carbon emissions over the last five years, a BBC report has said. AI and electric vehicles are expected to add significant electricity demand to the US grid, potentially leading
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The Transmission Company of Nigeria (TCN) has commissioned a 60 MVA power transformer in its Katsina facility, expected to add 48MW to the national grid. Disclosing this in a statement, the TCN said: “The Katsina sub-region of the TCN commissioned a 60MVA power transformer on Friday, July 12, 2024, in its
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State – run carrier – Ibom Air at the weekend added another airplane to its fleet in order to boost its capacity and meet growing demand for its product. The Airbus 220- 300 aircraft brings to 11 the airplanes in the fleet after the outstanding delivery of nine units. According to a statement by
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As container ships the size of city blocks cross the oceans to deliver cargo, their huge diesel engines emit large quantities of air pollutants that drive climate change and have human health impacts. It has been estimated that maritime shipping accounts for almost 3 percent of global carbon dioxide emissions
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Using electricity generated by offshore wind turbines as one pathway to split water to produce clean hydrogen may make economic sense, particularly along the U.S. Atlantic Coast and in the Gulf of Mexico, according to researchers at the National Renewable Energy Laboratory (NREL). The economics work best in regions where the
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The Chairman of Dangote Refinery, Aliko Dangote, said that his company will source crude oil from other African oil-producing nations following recent imports from the United States and Brazil. Dangote made this disclosure in a statement to newsmen during a tour in his Lagos-based refinery on Saturday. According to the business mogul,
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Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how the organization operates and delivers value to customers. It's a cultural change that requires continuously challenging the status quo, experimenting, and getting comfortable with failure. The digital transformation journey refers to the process
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