At a packed hall in Lagos, a gathering of education and technology enthusiasts cheered for a milestone moment: the launch of Nigeria’s first book on artificial intelligence for primary and secondary schools. The eight-chapter book illustrated with animations is written by Olubayo Adekanmbi, convener of Data Science Nigeria (DSN). His organisation has taken an active […] The post To activate one million talents, Data Science Nigeria launches first book for artificial intelligence instruction appeared first on TechCabal.

“It is my greatest desire that we improve the healthcare system in Nigeria and provide affordable healthcare for local communities at the grassroots so that people can have access to the care they need, when they need it, in ways that are user-friendly’  Adaku Efuribe The 74th UN General Assembly took place in New York last September; high level meetings were held and Universal Health Coverage (UHC) was a hot topic for the week. As expected, Nigeria had a delegation of Government representatives, NGO’s and individual advocates who are working towards achieving SDG3 and UHC in attendance. So how do…

Welcome to This Week in the Capital Market, a summary of events, headlines, comments and lessons from key events in the Market. This week’s roundup covers the performance of Nigerian Stock Exchange All Shares Index (ASI), investment insights, Nigeria’s tech giants – Interswitch and Jumia. We closed the gist with a question: what is missing in the world that Jack Ma and Co. are looking for in Nigeria? How do you measure the performance of the stock market? For investment enthusiasts, ASI is a parameter used to measure how well a stock market is performing. You can view it as…

Welcome to This Week in the Capital Market, a summary of events, headlines, comments and lessons from key events in the Market. This week’s roundup covers the performance of Nigerian Stock Exchange All Shares Index (ASI), investment insights, Nigeria’s tech giants – Interswitch and Jumia. We closed the gist with a question: what is missing in the world that Jack Ma and Co. are looking for in Nigeria? How do you measure the performance of the stock market? For investment enthusiasts, ASI is a parameter used to measure how well a stock market is performing. You can view it as…

According to statistics, only 20% of traders earn on Forex, while the rest either accept forex losses or ingloriously leave the foreign exchange market. Each trader has his own reasons for failures and major losses. But at the same time, there are the most popular traps that many participants in the foreign exchange market fall into. Knowing the reasons why traders fail, you can significantly increase your chances of success by circumventing the pitfalls of the market. Reluctance to Plan Your Trade Regardless of which financial market and assets a trader chooses, without planning, his chances of success are 0.01%.…

At a period when Nigeria is struggling to meet its revenue target for 2020 national budget, the oil industry which contributes over 70 percent of its revenues lost 22 million barrels in six months or $1.32 billion to crude oil pipeline vandals. That should  be a serious source of concern to not just the stakeholders but the states in the Niger Delta where these criminals operate. Multinational leading upstream petroleum operator Shell Petroleum Development Company loses about 15,000 barrels per day to oil theft and vandalism.  This amounts to $900,000 or 275 million naira daily to these acts of sabotage.…

Soil is a living material and the condition, quality, and behavior play a key role in construction projects. All structures, buildings, gas, and chemical plants, harbor, airports,  roads, bridges, dams and even life itself are based on the soil. The soil is the natural foundation that supports all structures and investments.  As a result, Geotechnical engineers and Engineering geologists have to perform geotechnical investigations to obtain information on the physical and chemical properties of soil and rock underlying a site to design earthworks and foundations for proposed structures, and for repair of distress to earthworks and structures caused by soil…

Mustardels Media, a Lagos-based digital marketing firm, is set to host the 2019 edition of the Lagos Digital Summit (LDS). Organised in collaboration with Expoze Nigeria, the summit is a convergence of digital communication experts, professionals and enthusiasts for the development of their businesses and the attainment of their various aims and objectives. The summit […]

Nigerian digital quest has reached the corridors of immigration. An announcement from the Comptroller-General of Nigeria Immigration Service (NIS), Muhammad Babandede, said that there is a plan to digitize tourist visa before the end of 2019. Babandede disclosed this while hosting the Director General of the Nigerian Tourism Development Corporation (NTDC), at his office on Saturday. He said there is an ongoing effort to make tourist visa web-based in order to improve tourism in Nigeria. “Everything will be digitized with no physical contact with anybody. Once you apply online, upload your application, submit, pay, and get approval, you start coming…

Some constant unpalatable phenomena have always characterized the decades of post-independent periodic elections in Nigeria – violence/killings, voter intimidation/harassment, heavy bribery, riggings, manipulation of election results, ballot box snatchings, and so on. The most recent Kogi and Bayelsa States gubernatorial elections didn’t escape those features. The Diplomatic Watch, which comprises Austria, the European Union Delegation, Germany, Ireland, the Netherlands, the United Kingdom and the United States expressed their displeasure with the conduct of the elections. In their words: “We are concerned by evident vote buying and credible reports of ballot box snatching in both Bayelsa and Kogi.” A reasonable progressive…

Founded in 2002, Interswitch disrupted the traditional cash-based payments value chain in Nigeria by introducing electronic payments processing and switching services. Today, Interswitch is a leading player in Nigeria’s developing financial ecosystem with omni-channel capabilities across the payments value chain, processing over 500 million transactions per month in May 2019. In 2018, electronic payments in Africa accounted for only 12 percent of transactions by volume, compared to 54 per cent in Europe and 79 per cent in North America. Sub-Saharan Africa is the fastest-growing digital payments market in the world, with electronic payment volume expected to grow at a CAGR…

Justice Rilawanu Aikawa of the Federal High Court sitting in Lagos has ordered all Nigerian banks not to accept the transaction of any Mastercard that has the logo of the National Identity Card Management Commission (NIMC) on it, due to ongoing rights’ infringement suit filed by Chams Plc, and Chams Consortium against the Singaporean financial company on August 28, 2019. The suit which also has as defendants; Ajay Banga, president and CEO of Mastercard International, Omokehinde Ojomuyide, Country Representative of Mastercard in Nigeria, Daniel Monehin, the Staff of Mastercard, the NIMC, and 22 commercial banks, is making a claim of…

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa Today, Seed Academy unveiled the State of Entrepreneurship in South Africa after surveying more than 1000 entrepreneurs across the country. 2019 marks Seed Academy’s fifth year of engagement with local entrepreneurs, with the latest findings showing that entrepreneurs are optimistic and resourceful even as the sector is enduring one of the most difficult economic periods. The 2019 report explored […] SA largest entrepreneurship survey: sector remains upbeat despite sluggish growth Innov8tiv.com

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa CredoLab, which launched its services in South Africa, Kenya, and Nigeria this year has been announced as the winner of the ASEAN fintech award by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS). Credo Lab is a Singapore-based developer of bank-grade digital credit scorecards based on anonymous smartphone metadata. The award was […] Digital credit scorecard developer CredoLab selected as the best ASEAN fintech player Innov8tiv.com

Today in Abuja, Nigeria, the Institute of Agribusiness Management Nigeria awarded a Certificate of Excellence to Zenvus for “pioneering a new agricultural system in Nigeria”. My colleague Mukhtar (on white) received the award on behalf of Zenvus and all of us. And of course, I thank Mukhtar and Fatima for excellence in business execution as both lead our business in the northern part of our nation. They deal with challenging business issues I have no talent and I am truly honoured for what they continue to achieve in our business.

Thank you NAPE for the standing ovation after my speech today in Eko Hotels, Lagos. Thank you Dr. Avuru CEO of Seplat. Thank you Mr. Kyari GMD of NNPC. Thank you NAPE Leadership.  And Thank you to all the leaders of our nation’s oil industry for making this village boy feel special. As I concluded in that speech, the oil industry remains the High Priest of Nigeria’s economy, and your market frictions are not really the hydrocarbons, but finding solutions to extreme poverty and underdevelopment in Nigeria, by making sure that all citizens can Rise via shared prosperity. You are…

The Chinese backed startup OPay is continuing its move to become a super app with the launch of OCar, its ride-hailing service in Lagos, Owerri, Port Harcourt, Abuja and Benin. OCar is the company’s latest vertical in an ecosystem that already includes offerings for food (OFood), bike-hailing (ORide), classifieds (OList), three-wheelers (OTrike) and bus-hailing (OBus). […] The post Opay continues all-out expansion with launch of OCar appeared first on TechCabal.

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa The main objective of search engine optimization (SEO) of a website is to not only make the search engine spiders find your website but to also rank your page depending on its relevance on the top pages of the search results. The process taken to optimize a website is not a one-off activity as it […] 5 Methods to Optimize Your Website for SEO Innov8tiv.com

As Chief Strategist of Vetifly, the “Uber for helicopter” startup which is coming to Africa, beginning with Nigeria in Q1 2020, I am building mathematical models using many data sources, structured and unstructured. The calculus and limits they taught me in FUTO have always found applications. But I need more data in one domain: preference on lifting by distance. I need your help – help me complete this waitlist form (takes 45 seconds) at moveddifferent.ng, if flying a helicopter, ahead on traffic or connecting cities, is something of interest.  To thank you for helping,  My engine could select you for…

One global change I would like to see solved is the eradication of poverty across Africa especially in Nigeria. In the five minutes you’d have spent reading this article, six people would have fallen into extreme poverty. Think about that for a second, these six people are not just random numbers, they are actual humans who used to be comfortable; they are your cook, your cleaner, the bus conductor and your gateman Musa. Musa earns a monthly wage of 20,000 Naira and out of that money he’s expected to take care of himself, his wife and four kids in faraway…

With the less than two months to the end of 2019, businesses, governments and individuals have been counting the gains and losses attained during the year throughout the world. For experts and public affairs analysts, there is a need for celebration and reflection on what has been achieved and what has not been attained in line with the socioeconomic and political goals set earlier in the year. Four years ago, African leaders joined other leaders in the world and agreed to address a number of problems facing people by 2030. They also wanted to have “Africa we want”, a continent…

In August, President Muhammadu Buhari ordered closed Nigeria’s land border with Benin, preventing the import of goods. The move significantly affected trade in foodstuffs, which had already been affected by various past import restrictions. In this article we examine the one positive effect the border closure has brought to Nigerians at large. As part of an on-going effort to tackle smuggling and associated corruption, but also to spur the domestic agricultural industry, on October 14, 2019, Nigeria ordered closed all of Nigeria’s borders with Benin, as well as those with all other countries, for the same reasons. With the market…

Just like the saying goes: “Rome wasn’t built in a day”. You will agree to the lone fact that the revitalization of Africa’s economy has been attributed to the leading advance in technology. This crucial factor that has played a prime role in this development can be attributed to the rise of tech hubs, especially in Africa. This is eminent as it is on the rise especially in Nigeria and Africa at large. But then: What are tech hubs? How do they work? How can upcoming startups and developers benefit from this phenomena? What is a Tech Hub? Just like the…

Nigeria is an OPay nation and numbers cannot lie: “Nigerian payment and ride-hailing app OPay announced this morning it has raised $120 million in a Series B of funding just a few months after raising $50 million.” In short, OPay wallet which can function in its own banking ordinance, outside anything linked to the Central Bank of Nigeria, is a mortal threat to all banks in Nigeria. Yes, when a market woman finishes a day and hails a bike to deposit her money, and when she needs withdrawal, she hails another bike for cash. As she does that, the bike-agents,…