English

techeconomy.ng

Today News

11

Why Two-Factor Authentication is Necessary in 2024

techeconomy.ng

As our lives become increasingly intertwined with the online world, protecting our sensitive information has become a paramount concern. One of the most effective tools in your arsenal against the rising tide of cyber threats is the…

LG Electronics Showcases Trendsetting Home Appliance Products in the Region

techeconomy.ng

Global consumer electronics pioneer LG Electronics, recently hosted its LG Showcase MEA 2024 in the Conrad Hotel in Abu Dhabi, under the brand’s theme of Reinventing Together. The event, which focused not only on showcasing the latest…

Embracing AI to Help Reshape Business Dynamics

techeconomy.ng

World Innovation and Creativity Day fell on the 21st of April, reminding us of the boundless potential inherent in human ingenuity and technological advancement. Artificial Intelligence (AI) stands at the forefront of this celebration,…

LG Electronics MEA Leads with Innovation in New Home Entertainment Line-up

techeconomy.ng

LG Electronics, a global leader in consumer electronics recently hosted its LG Showcase MEA 2024 at the Conrad Hotel in Abu Dhabi. With the overarching theme “Reinventing Together,” the event focused on showcasing the latest innovations…

10

Transcorp Group Grows Q1 2024 Revenue by 173%

techeconomy.ng

Transnational Corporation Plc, has disclosed an impressive Q1 financial results for the period ended March 31, 2024 with revenue growth of 173% and Profit Before Tax (PBT) of N45billion The Power, Hospitality, and Energy sectors in its Q1…

07

Why Newly Unveiled DLM Single Asset Trust is Timely

techeconomy.ng

DLM Trust, a subsidiary of DLM Capital Group has launched another flagship named DLM Single Asset Trust. The model is a variant of the Living Trust construct that allows for a groundbreaking solution for individuals or Corporations seeking…

03

BII Appoints Daniel Hanna, as new Non-Executive Director

techeconomy.ng

British International Investment, the UK’s development finance institution and impact investor, has appointed Daniel BII Appoints Daniel Hanna, as new Non-Executive Director to its Board as a Non-Executive Director. Daniel has two decades…

02

How Tech Can Tackle Food Security Challenges in Nigeria

techeconomy.ng

Nigeria’s agricultural sector has long been a significant contributor to national growth, with the potential to further reduce poverty. This sector, encompassing crop production, livestock, forestry, and fishing, has the potential to hold…

Thursday, May 2

20

FCMB to Raise N150bln in Additional Capital

techeconomy.ng

The FCMB Group said that it would be seeking shareholders’ approval to raise about N150bn in additional capital. This was disclosed in its notice of its Annual General Meeting filed with the Nigerian Exchange Limited on Wednesday. Whether…

Berger Paints Appoints Nkechi Ojeyokan as CFO

techeconomy.ng

The Board of Berger Paints Nigeria Plc (BPN) has announced the appointment of Mrs. Nkechi Ojeyokan as the Company’s Chief Financial Officer (CFO), effective from 01 May 2024. Ojeyokan, took over from Mr. Onyebuchi Roberts, whose has…

inDrive: From Startup to Unicorn, An Epic Journey Told through Individual Narratives

techeconomy.ng

inDrive became a unicorn company in early 2021 after raising $150 million in investment from Insight Partners, General Catalyst, and Bond Capital, which valued the company at $1.23 billion. But, how does a startup, founded far from the…

19

Plotline Raises $2.6m to Help Consumer Apps Boost Adoption in the Super App Era with AI

techeconomy.ng

…plug-and-play platform empowers B2C product marketers to customize app experiences to user preference

NDIC Raises Bank Deposit Insurance Coverage to N5m

techeconomy.ng

The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. The effected raise, which takes effect immediately, were revealed today,…

Jérôme Notton Appointed Allianz Commercial Regional Head [Aviation] Med | Africa

techeconomy.ng

Allianz Commercial, the global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks, announced today that Jérôme Notton has been named Head of Underwriting Aviation for the Mediterranean & Africa…

18

Top Six Microinsurance Companies in Nigeria

techeconomy.ng

Insurance in Nigeria, historically, started with the British colonial traders in 1879, seeking to protect their maritime trade. Initially, insurance underwriting was done in London, with local agents in Lagos issuing cover notes. According…

17

Nigerian Startup Renda Raises $1.9m to Simplify Logistics for African Businesses

techeconomy.ng

Rather than owning warehouses or trucks, Renda partners with existing providers, creating a network of over 300 warehousing facilities, 3,000 delivery vehicles, and 2,000 cash collection partners

ARM Awards N12M as DAAYTA 2024 Celebrates Women-Led Innovation

techeconomy.ng

The Deji Alli ARM Young Talent Award (DAAYTA) 2024 ended with a virtual pitch event on April 19th, 2024. This year’s competition shone a spotlight on exceptional talent and creativity, particularly highlighting women entrepreneurs who have…

15

US to Wrap Up Antitrust Case Against Google for Illegal Use of Power

techeconomy.ng

Google paid $26.3 billion in 2021 to secure its search engine as the default option on smartphones and web browsers

12

Universal Music Returns to TikTok in New Licensing Deal

techeconomy.ng

Fans can expect the full return of UMG's music library to TikTok, allowing them to once again create videos featuring music from their favourite artists

11

Snapchat Launches New AR and ML Tools to Boost Interactive Advertising

techeconomy.ng

Snapchat reports an 85% year-over-year increase in the number of small and medium-sized businesses advertising on the platform

NITDA, USAID to Partner in Tackling Food Insecurity

techeconomy.ng

With over 70 million arable land enough to feed not just Nigeria but Africa, the Director General, National Information Technology Development Agency (NITDA) has said that the Agency is willing to partner with the United States Agency for…

Ransomware Payments Increase 500% In the Last Year – Sophos Report

techeconomy.ng

Sophos, a global leader of innovative security solutions that defeat cyberattacks, has released its annual “State of Ransomware 2024” survey report, which found that the average ransom payment has increased 500% in the last year.…

10

Digital Identity, Trust: NITDA and NIMC to Share PKI, DPI

techeconomy.ng

The National Information Technology Development Agency (NITDA) has expressed its readiness to collaborate with the National Identity Management Commission, (NIMC) on National Public Key Infrastructure (PKI) and Digital Public…

Voice, Speech Recognition Market to Reach $53,67bln by 2030

techeconomy.ng

The global market size of voice and speech recognition technologies is predicted to reach $53,67-billion by 2030. During the period the market is anticipated to register a CAGR of 14,6% from 2024 to 2030, according to a new report by Grand…

How NITDA, NIPSS Partnership will Drive Digital Innovation

techeconomy.ng

Kashifu Inuwa, the director general of the National Information Technology Development Agency (NITDA), has reiterated the need for collaboration that would bring about the best solutions from ideas, experiences, insights, and shared…

09

Highlights from National AI Strategy Workshop

techeconomy.ng

As part of efforts to align and implement the priority area of the President Tinubu’s agenda of accelerating diversification through industrialisation, digitisation, creative arts, manufacturing and innovation, the Federal Ministry of…

Samsung, Apple, Xiaomi, TRANSSION and OPPO Shipped 296.2m Smartphones in Q1 2024

techeconomy.ng

According to Canalys research, the worldwide smartphone market experienced a 10% year-on-year growth in Q1 2024, reaching 296.2 million units. The market performed better than expected, reaching double-digit growth after ten difficult…

Wednesday, May 1

19

LinkedIn Launches Games to Enhance User Engagement

techeconomy.ng

These games can be accessed via the News module on LinkedIn's homepage or through the MyNetwork tab on the app

16

Chinenye Anuforo, Biram Fall on How to Uphold Press Freedom in Nigeria

techeconomy.ng

Chinenye Anuforo (Mrs), an ICT reporter with the Sun Newspaper [Nigeria], has recommended three-fold actions stakeholders must adopt to uphold press freedom in the country. Anuforo said that the government, media, and citizens, must work…