Since 1989, the island of St. Helena in the South Atlantic has relied on a single 7.6-meter satellite dish to connect the island’s residents to the rest of the world. While the download and upload speeds have increased over the years, the roughly 4,500 Saints, as the island’s residents call
Read More
Bitcoin soared to new pricing highs by the end of November 2020, and today (January 5) the flagship cryptocurrency is now worth in excess of US$30,000. With the digital asset’s value at an all-time high, businesses must be wondering whether it’s time they began processing Bitcoin payments? Unlike the previous Bitcoin
Read More
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born
Read More
Cybersecurity spending is set to increase by 20% in 2021, following last year's hacking of SolarWinds, according to reports. A few weeks before the end of 2020, hackers breached software provider SolarWinds, directly infecting the company’s Orion software as well as several local, state and federal agencies in the United States.
Read More
in this report, samples the views of stakeholders in the information and communications technology (ICT)/telecoms sector. While many see huge prospects based on past performances, there is apprehension that without sound and people-friendly policies, the sector will lose the gains of the previous years. The information and communications technology/telecoms (ICT) sector
Read More
China’s government on Wednesday accused Washington of misusing national security as an excuse to hurt commercial competitors after President Trump signed an order banning transactions with payment services Alipay and WeChat Pay and six other apps. Tuesday’s order escalated a conflict with Beijing over technology, security and spying accusations that has
Read More
There was panic at the Cocoa House at the Dugbe area of Ibadan on Wednesday as one of the lifts in the 25-storey building dropped during the installation. The machine reportedly crashed on the engineering team at the basement pit as the accident resulted in the death of one of them,
Read More
CBN, NERC intervention meet deadlock Despite the intervention of Central Bank of Nigeria (CBN) and Nigerian Electricity Regulatory Commission (NERC) to address the liquidity crisis rocking Nigeria’s electricity market, the sector continues to struggle under heavy debt. Being the revenue collectors in the market, NERC had, last year, set a minimum market
Read More
Have you ever noticed your friends getting tagged automatically after you upload a group picture on Facebook? That’s just one example of facial recognition in action — software that maps, analyzes, and then confirms the identity of a face in a photograph or video. Its history can be traced back to
Read More
On December 31, 2020, Nigeria’s ICT minister, Isa Pantami released a statement to reinforce the federal government’s directive to link all registered phone numbers with the National Identification Number (NIN). However, to further ease the process, he notifies subscribers of another option to facilitate the process — using the NIMC
Read More
