Digital Economy
Nigerian banks urged to address increasing numbers of customers visiting daily
Prof. Olayinka David-West of Information Systems/Academic Director, Lagos Business School, has urged banking institutions to embrace digital economy to address the increasing numbers of people visiting their branches daily. David-West gave the advice on Saturday at the first ever Virtual Graduates’ Induction and Prize Awards Day organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos. Newsmen report that theme of the programme was: “Digital Economy: The Role of Professional Bankers”. David-West said: “Our financial services ecosystem has recorded significant progress in areas like Bank Verification Number (BVN) and Instant Payments. “The surge on bank branches after the first phase of the lockdown presented some interesting challenges to the ecosystem and the digital eco...
NBS: ICT sector contributes 17.83% to nation’s economy
The National Bureau of Statistics (NBS), on Monday released Nigeria’s Gross Domestic Product (GDP), report for in the second quarter of 2020 (Q2 2020), showing 17.83 per cent contribution by the Information, Communication and Technology sector. A statement signed by Dr Femi Adeluyi, Technical Assistant, Information Technology, said the Minister of Communications and Digital Economy, Dr Isa Pantami, expressed delight to hear of the growth of Information Communications Technology’s (ICT) contribution to Nigeria’s GDP. According to the NBS, Nigeria’s GDP decreased by minus six to10 per cent, year-on-year, in real terms in the second quarter of 2020. The decrease was largely attributable to significantly lower levels of both domestic and international economic activity during the quarter, whic...
Senator Ali: APC working towards having data bank for members
Sen. Abba Ali, a member of the APC National Caretaker Committee, says the party is working towards having a data bank for all its members. The post Senator Ali: APC working towards having data bank for members appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Google announces $10 billion ‘digitization fund’ for India
Agence France-Presse Alphabet’s Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a so-called digitization fund, highlighting Google’s focus on the rapid pace of growth of apps and software platforms in India, one of the world’s biggest internet services markets. “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments,” Sundar Pichai, CEO of Alphabet, said on a webcast during the annual “Google for India” event. “This is a reflection of our confidence in the future of India and its digital economy.” Google has already made some direct and indirec...
UN encourages Africa to invest on digital transformation
The UN Economic Commission for Africa (UNECA) has encouraged African countries to make right investments toward developing a digitally transformed economy. Mr Jean-Paul Adam, Director, Technology, Climate Change and Natural Resources at UNECA, made the call on Tuesday during a webinar monitored in Abuja. The webinar was organised by Africa Information and Communication Technology Alliance (AfICTA) in collaboration with UNECA with the theme “Unlocking Africa’s Digital Potential Amid COVID-19”. Adam said that the emergence of COVID-19 pandemic had caused a disruption in activities, hence the need for a paradigm shift. “Africa needs to address issues that have limited their digital growth. There are issues of gender imbalance, speed of bandwidth, poor internet access. “When we get some of the...
