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Technology
The Crime of Bigamy in Nigeria: Mr Edmund Uzoma in focus
A man was recently arraigned in Lagos for marrying a second wife and it came as a shock to many.  The news reported that on Wednesday a man by the name of Edmund Uzoma was arraigned before the Yaba Magistrates’ Court, Lagos State, for alleged bigamy. According to the prosecutor’s charge sheet, Mr Uzoma, while having a living wife, contracted another marriage with another lady by the name of Sophia Yongxian, at the Ikoyi marriage registry. In Nigeria and most other countries of the world practising “one man, one woman marriage”  (monogamy), a man is only allowed to marry one… The post The Crime of Bigamy in Nigeria: Mr Edmund Uzoma in focus appeared first on Tekedia.
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Promise Kept: Nigeria’s broadband penetration is now 100% – Buhari (Lol)
Whether you like it or not, Nigeria has attained 100% broadband penetration as Starlink begins operations in the nation. People, Elon Musk does technology miracles and right here, Nigeria benefited and Buhari as the president takes glory: “We are delighted that Starlink services have been deployed in Nigeria… With this deployment of Starlink, we now have 100 per cent broadband penetration in Nigeria”, the president noted on Twitter. Nigeria became the first call for Starlink when the Elon Musk-founded company began operations on Monday. The next phase is cost of acquisition and service. But under Gordon Moore observation – electronics… The post Promise Kept: Nigeria’s broadband penetration is now 100% – Buhari (Lol) appeared first on Tekedia.
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Very Moody Calls on Nigeria and Its Banks by Moody’s
It is very moody with these two calls by Moody’s, a global credit agency, on Nigeria and its banks: #1: Moody’s downgraded Nigeria sovereign rating deeper into the junk territory: “As the nation’s capacity to weather the storm remains eroded by deep-seated institutional vulnerabilities and social challenges, the agency now rates the country a level lower at Caa1, sinking Nigeria deeper into its non-investment grade from the country’s previous and worrisome rating of B3.” #2: Moody’s downgrades 9 Nigerian banks: “Moody’s Investors Service … lowered the long-term deposit ratings of nine Nigerian banks to Caa1 from B3. …The lenders affected… The post Very Moody Calls on Nigeria and Its Banks by Moody’s appeared first on Tekedia.
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Operational Regulatory Requirements for Bureau De Change, Setting up a Corporate Trustee Company in Nigeria
Pursuant to earlier articles published on Bureaux De Change in Nigeria, this particular article will be looking at the most relevant regulatory operational requirements provided by the Central Bank of Nigeria Guidelines For Bureaux De Change in Nigeria. These regulatory provisions will be focused on the topics of :- – Management staff requirements. – Disqualification of certain individuals from BDC management in Nigeria. – Operations. – Revocation of BDC licenses. – Effecting additions or changes in BDC management or the board of directors of a BDC in Nigeria. What are the provisions of the CBN Guidelines on BDC management? The… The post Operational Regulatory Requirements for Bureau De Change, Setting up a Corporate Trustee Company in Nigeria appeared first on Tekedia.
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Tech Giant Google Reassures Investors it is Still A Leader in Developing AI
Following the emergence of Open AI chatbot ChatGPT, which has become the recent buzzword on the internet, tech giant Google, during its earnings call on Thursday reassured investors that it is still a leader in developing AI. During the call, Google’s CEO Sundar Pichai revealed that in the coming weeks and months, users will soon be able to use large language models as a companion to search, while noting that the company is currently working on making AI-based large language models (LLMs). The Large language model is an artificial intelligence tool that can read, summarize and translate texts and predict… The post Tech Giant Google Reassures Investors it is Still A Leader in Developing AI appeared first on Tekedia.
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No Extension of the Feb 10 Deadline on Naira Swap – Central Bank of Nigeria (CBN)
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Friday that the February 10 deadline for the old and new naira notes swap will not be extended. Emefiele disclosed this during a special briefing at the CBN office in Lagos. He said that the apex bank is working with other stakeholders to mitigate pressures undermining successful implementation of the policy. “I would say no. I am sure that people are going to say only last week I said no, but I want to say unfortunately again, this time we will not be looking at extension of… The post No Extension of the Feb 10 Deadline on Naira Swap – Central Bank of Nigeria (CBN) appeared first on Tekedia.
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Banking must WORK in Nigeria and these failures must stop
I am a teacher and teachers receive most of their rewards in the high heavens, only jara are paid here in the gravity-heavy earth. But I want to ask Nigerian banks to open a donor account, I am open to support with N1,000, to help fix whatever they need to fix to get banking services back. What happened in the last 4 days is unprecedented in our business – payments are failing, salaries of workers are failing, and as I write, reconciliations are convoluted. The fintechs are showing “successful” but banks are not crediting or debiting as expected. Fellow citizens,… The post Banking must WORK in Nigeria and these failures must stop appeared first on Tekedia.
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APC Governors Visit Buhari, Ask for Discontinuation of New Naira Policy
Governors of the ruling All Progressives Congress (APC) under the aegis of the Progressive Governors’ Forum (PGF) on Friday, paid President Muhammadu Buhari a visit, in a push to get him to rescind the currency swap policy of the Central Bank of Nigeria (CBN), which has resulted in naira scarcity across the country. The governor of Kaduna State, Mallam Nasir El-Rufai, disclosed this to journalists after the meeting at the Council Chambers of the Presidential Villa, Abuja. He said the forum urged Buhari to allow both the old and new naira notes to co-exist. El-Rufai had earlier alleged that some… The post APC Governors Visit Buhari, Ask for Discontinuation of New Naira Policy appeared first on Tekedia.
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Kenya drops financial impropriety case against Flutterwave
In a much needed public win since it became embroiled in scandals in 2022, Kenya has dropped its charges of financial impropriety against Flutterwave. The court case began in July 2022, when Flutterwave was charged to court on suspicions of card fraud and money laundering. As a result, the court froze 6.2 billion Shillings held […]
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All the fun to be had at AfricaNXT: A TechCabal Guide
AfricaNXT is more than the panel discussions; it's a blend of immersive experiences and festivals that offer insight, fun, and game-changing networking. And, TechCabal has got you covered with the ultimate guide to exciting festivities at AfricaNXT.
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#NigeriaDecides2023: INEC conducts mock accreditation exercise with BVAS
#NigeriaDecides2023: INEC conducts mock accreditation exercise with BVAS BVAS is an electronic device designed to read PVCs and authenticate voters. INEC says it now has the required number of the BVAS gadget for all PUs. TechCity
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#NigeriaDecides2023: PVC collection ends tomorrow. What you need to know
#NigeriaDecides2023: PVC collection ends tomorrow. What you need to know PVC collection is still ongoing at local government centers with the temporary voter's card, a photocopy of national ID or driver's license.  TechCity
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Osinbajo Urges CBN, FinTech To Collaborate To Solve Naira Scarcity
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Polkadot (DOT) and ApeCoin (APE) are Investor Favourites, but Orbeon Protocol (ORBN) Could Match Them With 60x Returns in Stage 5 of Presale
The crypto space is always full of ups and downs with twists and turns. If you have ever tried investing or trading crypto tokens, you know how many investors jumped on the Polkadot (DOT) and ApeCoin (APE) bandwagon in the past crypto bull market. But beyond speculating on prices, Polkadot (DOT) and ApeCoin (APE) holders have had a great start to the year as both coins registered an end to their downward trend with significant gains predicted by market watchers. Over the past few days, Polkadot (DOT) has posted a whopping 40% gain, and ApeCoin (APE) coin is predicted to… The post Polkadot (DOT) and ApeCoin (APE) are Investor Favourites, but Orbeon Protocol (ORBN) Could Match Them With 60x Returns in Stage 5 of Presale appeared first on Tekedia.
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This week: Africa gets another unicorn
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Guess the word: A billion-dollar horse
Guess the word! Hint: It's a billion-dollar horse.
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What are Nigerians expecting on February 25, 2023?
Once at a time in the Nation of various ethnic groups and individuals, thoughts, behaviors, and perspectives toward winning a league of change in the community of oneness in order to construct the nation to live in are something else to consider. War ebbs and flows, but the land is still ours. The current generation will eventually pass away and be replaced by a new one that will introduce the new system that is required for the development of the land. The level of expectation among Nigerians is quite high, and each person’s internal bitterness resembles a nuclear explosion. Indeed,… The post What are Nigerians expecting on February 25, 2023? appeared first on Tekedia.
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2023 Crypto Job Search: How to Stand Out in a Competitive Market
The cryptocurrency industry is rapidly evolving and as a result, the job market is constantly expanding. Every year, there are numerous job opportunities in crypto and it’s no doubt that in 2023, there will be a wide range of opportunities. Whether you’re a newbie looking into the crypto industry or a professional, here are some new ways to land a job in the current world of cryptocurrency: Build a Solid Career Foundation Through Education Blockchain is the underlying technology that powers cryptocurrency, so it’s vital to understand it if you want to thrive in the industry. Make background research on… The post 2023 Crypto Job Search: How to Stand Out in a Competitive Market appeared first on Tekedia.
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Libdogecoin Version 0.1.2 coming soon on DogeCoin
A principal core engineer for the Dogecoin (DOGE) project says a new version of the blockchain’s utility enhancing tool is about to launch. Michi Lumin tells his 32,000 Twitter followers that Libdogecoin 0.1.2 is on its way, although no specific date is given. libdogecoin 0.1.2 soon with easy to integrate mnemonic/seedphrase generation and QR code production, also better MSVC/MSVS support. RD enduser build sprint starting tomorrow. Haven't been saying much on here lately because still lots of people who are angry as a pastime. — Michi Lumin (@michilumin) February 1, 2023 “Libdogecoin 0.1.2 soon with easy to integrate mnemonic/seedphrase generation and… The post Libdogecoin Version 0.1.2 coming soon on DogeCoin appeared first on Tekedia.
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Reviewing the Ziggy Re-Peg Proposal of USTC
Ziggy’s proposal on Re-Peg of USTC to its $1 dollar peg has been greeted with immense community support. Previously known as LUNA, LUNC is the remnant native token of the original Terra blockchain, which rebranded to Terra Classic after experiencing a massive collapse. Last year, Do Kwon Terra Luna crashed with many investors losing millions of dollars in Crypto assets. When the Luna crypto network collapsed, it’s estimated that $60 billion got wiped out of the digital currency space. Algorithmic stablecoins (UST) are not the same as Tether or USD Coin, which are backed by actual dollars or assets stored… The post Reviewing the Ziggy Re-Peg Proposal of USTC appeared first on Tekedia.
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ChatGPT: 100 million users in two months, Disruptive and Category-king Perception Product
Disruptive technologies create a new basis of competition in markets, orthogonal to anything that is currently in existence. They do not just meet the needs of customers, they go beyond their expectations and serve their perceptions. In other words, you might not have imagined or anticipated them, but the day you see the products, you will like them. Indeed, they turn customers into fans. In the Harvard Business Review, I explained it this way: “Apple and Diamond were disruptive in their respective markets. Their offerings are quite different, but they have one similar characteristic: they pursue Customer Perception….While expectation can… The post ChatGPT: 100 million users in two months, Disruptive and Category-king Perception Product appeared first on Tekedia.
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New search trends released by Google today show that Nigerians are more interested than ever in AI
New search trends released by Google today show that Nigerians are more interested than ever in AI Google has today released new search trends that show that people in Nigeria are increasingly interested in the… TechCity
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4 Tests for if Chat GPT is right for us. 1 test for if we are right for Chat GPT!
Chat GPT made me think of human progress. It must be something fairly ground-breaking. Any time I contemplate something that’s ground-breaking, I tend to review our progress as a species on this planet and wonder if it is for better or worse? Are we going forwards or backwards? I don’t always like the answers I give myself. I am never concerned about the nature of new technologies in themselves, because technologies in an absolute sense have neither the capacity to be positive or negative, ‘good’ or ‘evil’. However, human behaviour on the other hand will never cease to amaze me… The post 4 Tests for if Chat GPT is right for us. 1 test for if we are right for Chat GPT! appeared first on Tekedia.
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Merchant Banking, Commercial Papers Regulations in Nigeria
Merchant Banking Regulations Merchant Banking involves the rendering of financial services focused around underwriting, fundraising, financial advisory, and loan services for large corporations and High Net Worth Individuals (HNWIs). In Nigeria, merchant banking is regulated by the Central Bank of Nigeria (CBN) through its 2010 Merchant Banking Regulations. This article will be looking at some of the most important provisions of these regulations as well as some of licensing and operational requirements for merchant banking in Nigeria. What are the permissible and non-permissible activities for merchant banks in Nigeria? Permissible Activities – Taking deposits of not less than 100 Million… The post Merchant Banking, Commercial Papers Regulations in Nigeria appeared first on Tekedia.
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MTN out of the woods as Ghanaian tax authorities withdraw $665 million tax liability case
According to the Ghanaian authorities at the time, the bill against MTN was for unpaid taxes for the period between 2014 and 2018 during which time the telco had allegedly under-declared its revenue in its Ghana operations by as much as 30%.
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Africa’s latest unicorn, MNT-Halan, answers a very important question
The details of this deal highlight what might be an answer to a long-asked question of why the North African startup ecosystem hasn’t yet leveraged its relationship with the Gulf region at scale.
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Airtel Africa posts $523 million in profits
High expenses and financing costs reduced Airtel's record revenue haul. The company posted reduced gross profit and a 1.7% increase in net gain.
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What to Do If Your ISP has Blocked a Torrent Site?
Torrent sites can be blocked by ISPs, but on the pirate bay, you can find a current and working list of torrent sites. However, is it possible to bypass these blockages? Yes, it is possible to arrange it so that your ISP will not know that you are visiting a blocked site or using a blocked messenger. To do this, you need special intermediaries: they can help you create encrypted communication channels with servers located abroad and redirect your Internet traffic through them. What kind of intermediaries are these? These can be special sites or servers, browser extensions or browsers… The post What to Do If Your ISP has Blocked a Torrent Site? appeared first on Tekedia.
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Nigerians’ interest in Artificial Intelligence increased by 100% in 2022, according to Google
Search queries included “what is AI art”, “what is deep learning in artificial intelligence”, “how to become an AI engineer”, “what is artificial intelligence all about”, “when was artificial intelligence invented" - all of which were Googled 5,000% more in 2022 than 2021.
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Revolutionizing Tech in Nigeria: How Codar is Driving Change through Digital Skills Training
Following the digital disruption that occurred across various industries in the last decade, it is apparent that some skills are more in demand than others. For instance, seven of the top ten companies in the world are digital companies, and even more, establishments now aim to incorporate digital practices. This transformative trend has resulted in […]
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“The performance of the African fintech sector in 2022 was unusual,” Tidjane Dème, General Partner at Partech
Despite the drop in investment, fintech is still king. It's the most attractive sector because the "fintech flywheel", as we often say, is complete.
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Orion Protocol Suffers $3M Hack on it Core Smart Contract
Just recently Orion protocol was hacked to a tune of $3 million due to a reentrancy issue in its core contract: ExchangeWithOrionPool. Orion Protocol is the first gateway to the entire crypto market, aggregating every CEX, DEX, and swap pool into one decentralized platform. The hacker repeatedly called the “depositAsset” function which exposed the contract to the exploit. It started with initial funding of 0.4BNB from Tornado Cash to Orion, and another 0.4ETH via SimpleSwap. The hacker moved to withdraw about 1100 ETH via Tornado Cash and locked up some 657 ETH in his wallets. Orion Protocol CEO Alexey Koloskov… The post Orion Protocol Suffers $3M Hack on it Core Smart Contract appeared first on Tekedia.
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EV Company Xpeng Pushes Aggresively Into International Markets
Chinese leading short electric vehicle Xpeng is pushing aggressively into the international markets after it launched two of its flagship vehicles across a number of European countries. The company revealed that the revamped version of its P7 sedan and its G9 sports utility vehicle SUV are available for order in Sweden, Denmark, Netherlands, and Norway. The company’s president Brian GU via a press statement revealed that the launch of the vehicles is a significant milestone for Xpeng as it continues to deepen its presence in the international market. The Guangzhou-based car maker which went public in Hong Kong and New… The post EV Company Xpeng Pushes Aggresively Into International Markets appeared first on Tekedia.
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Safaricom readies itself for life under President Ruto
Kenya’s largest telco has followed up the appointment of a new board chairman with new hires and a corporate reshuffling as it prepares for life under a new administration.
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MoMo’s “system glitch” cost MTN Nigeria ₦10 billion in 2022
Last year, MTN invested ₦16 billion in MoMo. Despite this, the mobile money operator lost ₦10 billion in 2022 to unauthorised transactions which were caused by a system glitch.
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Tekedia Mini-MBA Begins Monday, Feb 6, 2023
We begin on Monday, Feb 6, 2023. Our classroom is unbounded and unconstrained by capacity, and we have a seat for you. From business strategy to ChatGPT playbook, and across 14 modules, over 100+ courses, we deliver unparalleled value for N60k or $140. The #best school begins the next edition on Monday. Come and let’s co-learn at Tekedia Mini-MBA. Welcome! At Tekedia Institute, we co-learn with thousands of professionals and students, from 41 countries, on the mechanics of business, connecting innovation, growth and operational execution, across market territories and industrial sectors. Our Faculty members come from Microsoft, Google, Shell, Flutterwave,… The post Tekedia Mini-MBA Begins Monday, Feb 6, 2023 appeared first on Tekedia.
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