Poor outlooks from Apple, Boeing pull US stocks lower
US stocks opened lower Wednesday after Apple and Boeing shares fell sharply on disappointing earnings forecasts. Five minutes into trade, the Dow Jones Industrial Average was at 16,038.48, down 128.75 points (0.80 percent). The broad-market S&P 500 fell 7.03 (0.37 percent) to 1,896.60, while the tech-rich Nasdaq Composite dropped 17.60 (0.39 percent) to 4,550.07. Apple…
Technology drives banking, but boardrooms lack technology experience
IT is now a widely accepted fact that Technology is a key tool used in banking for a myriad of functions including customer service, information delivery, customer management, products processing, banking operations and management control.
NITDA targets innovations from public sector
IN line with its commitment to turn Nigeria into a technology innovation hub in Africa, the Office for ICT Innovation and Entrepreneurship (OIIE), a special purpose vehicle established under National Information Technology Development Agency (NITDA) Act, has commenced a strategic interactive program among federal ministries, departments and agencies (MDAs) and ICT startups.
Yudala tops Google’s 2015 trending brands list
YUDALA, Nigeria’s first true composite online and offline retail chain launched in August last year, has added another significant feather to its achievement, by coming out on top of a list recently put together by world’s leading search engine Google, highlighting the top 10 trending Nigerian brands of 2015.
Minister berates low response to ICT by Nigerians
WITH an average of 9.58 per cent contribution to the Gross Domestic Product (GDP), and rated as one of the fastest growing sector in the Nigerian economy, the Minister of Communications, Adebayo Shittu, has said that the Information and Communications Technology (ICT) industry has no commensurate impact on the Nigeria citizens.
‘New NITEL’ targets 50m 4G subscribers
WITH a commitment of $1 billion on roll out and expansion in the next five years by NATCOM Consortium, new owners of Nigeria Telecommunications Limited, which has been rebranded to ntel, the firm is optimistic of propelling over 50 million 4G subscribers in the country by 2020.
Bharti Airtel rules out exit from Africa
THOUGH the African telecommunications market continues to experience turbulence as a result of harsh economic conditions, Indian’s telecommunications giant, Bharti Airtel, which operates in Nigeria and other African markets, has ruled out any plans of exiting the region.Chairman of Bharti Airtel, Sunil Mittal, disclosed this at the weekend.
Is the earth flat? Someone thinks so!
Aristotle told us a very long time ago that the earth is spherical. And many scientists have backed the ancient Greek philosopher's assertion. But someone is dissenting. And he is rapper and not a scientist. Bobby Ray Simmons, also known as B.o.B, is one rap act with massive crossover talents. But is science his forte?…
Investor backs iROKO funding for African content after Netflix arrival
Nigerian online television and film distribution service iROKO on Monday announced $19 million worth of new deals, including with French giant Canal+, to boost operations and take-up across Africa. The deals for content development and capital funding come just weeks after US streaming giant Netflix expanded to 190 countries, putting them in direct competition with…
CEO announces major shakeup at Twitter
Twitter is overhauling its top management said CEO Jack Dorsey, who announced the shakeup Monday as the social network struggles to boost its profitability and prospects for growth. The revamp originally was reported by the Wall Street Journal and tech news website Re/code, before Dorsey confirmed the departure of several senior executives in a tweet…
Facebook gets in game with new sports hub
Facebook announced a drive Thursday to be a place for sports with a new online hub for news and sharing on sporting events. The "Facebook Sports Stadium" will offer live updates of scores, posts from friends and commentators as well as information on where to watch games live. "With 650 million sports fans, Facebook is…
Facebook should have 'acquaintance' category: study
People cannot have 1,000 real friends on Facebook. Nor 500. In fact, anything over 200 starts seeming unlikely, an unusual study asserted on Wednesday. Limitations on brain capacity and free time meant that humans can nurture no more than about 150 true friendships on social media, just as in real life, said a paper in…