Business Hilights

Tracking Nigeria's Headline Business News Online

ICT

ICT

Customer Data Platform Revenue to hit $6bn by 2027 due to Retail & eCommerce Demand

A new study by Juniper Research has found customer data platform providers will generate $6 billion globally by 2027, rising from $1.7 billion in 2022; representing growth of 250%. The introduction of AI-based services will be key to unifying multiple…

ICT

Sophos leads 2022 KuppingerCole Leadership Compass for Endpoint Protection, Detection, Response

…Sweeps All Product, Innovation and Market Ratings; Commended as an Overall Leader Sophos, a global leader in next-generation cybersecurity, has been named a leader in the 2022 KuppingerCole Leadership Compass for Endpoint Protection, Detection and Response. It is commended as…

ICT

Zinox not ready for Jumia acquisition now

While there may been some substance to the rumoured acquisition of pan-African e-commerce brand, Jumia by Sub-Saharan Africa’s leading tech conglomerate, the Zinox Group and to possibly merge it with Konga, there is currently no concrete interest. This was revealed…

ICT

Battery industry revenues to exceed $168bn by 2030 with severe global shortages

The battery industry is set to be one of the most significant over the next 10 years, according to GlobalData, which predicts that revenues will exceed $168 billion by 2030. However, the leading data and analytics company notes that extraction…

ICT

Telecoms innovations driving African Businesses—Report

Senior business leaders from South Africa, Nigeria, Ghana, Ethiopia, Cameroon, Botswana, Angola and Tanzania whose companies have a combined annual revenue of over $6.75 billion were interviewed. Two out of three African business leaders worry infrastructure problems are holding back…

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ICT

Konga Food goes live, offers fastest delivery, others

The management of Konga Food, the online food delivery arm of Nigeria’s composite e-commerce giant, has assured Nigerian food lovers of exciting times ahead, beginning with the offer of 14 days of free delivery to mark its formal entry into…

ICT

Data for Development: FG unviles World Bank Development Report 2021

The Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, has re-echoed the need for key players in the sector to create value within the digital economy using data to enhance the process. Prof. Pantami said this while launching…

ICT

Auto update your devices to Avoid Vulnerabilities—NCC

The Nigerian Communications Commission (NCC) has advised telecom consumers and other Information and Communications Technology (ICT) end users on the need to always enable automatic update features for AVAST and AVG antiviruses to prevent potential cyber vulnerabilities. This was contained…

ICT

NGX All-Share Index snaps five week winning streak, down 0.23% w/w

In the last trading session of the week, Friday, May 20, 2022, the domestic bourse succumbed to sell pressure as the All-Share Index declined by 0.55% to close at 52,979.96 points. On market movers, profit taking in MTNN (-7.78%) and…

ICT

Zinox mourns David Kan, Founding Member, Tech billionaire

The management of Nigeria’s foremost tech giant, Zinox Technologies Ltd., has reacted with sadness to the news of the passing of David Kan, a founding member of its Board of Directors and CEO of Mustek Plc, a leading integrated technology…