India shoots down satellite in space; Modi hails major breakthrough
Businessam StaffMarch 27, 2019
India has shot down a satellite in space with an anti-satellite missile, Prime Minister Narendra Modi said on Wednesday, hailing the test as a major breakthrough in its space program. Modi made the announcement in a television address to the nation. He said India would only be the fourth country to have used such an […]
EU lawmakers back copyright reforms targeting Google, Facebook
Chris IkosaMarch 26, 2019
EU lawmakers have endorsed an overhaul of the bloc’s two-decade old copyright rules, which will force Google and Facebook Inc to pay publishers for use of news snippets and make them filter out protected content. The European Parliament backed the reforms by 348 votes to 274 on Tuesday after a debate that has pitted Europe’s […]
Huawei pleads not guilty to bank fraud charges in New York
Businessam StaffMarch 14, 2019
Huawei Technologies Co. pleaded not guilty Thursday in New York to federal charges that the company defrauded at least four banks by concealing business dealings in Iran in violation of U.S. sanctions. The Chinese telecom giant entered the plea through its lawyer, James Cole, in federal court in Brooklyn. Huawei is China’s largest smart-phone maker […]
Africa Netpreneur Prize Initiative picks regional partners from Nigeria, Egypt and South Africa
Bukola OdufadeMarch 6, 2019
The Africa Netpreneur Prize Initiative (ANPI) has appointed three new regional partners, Network of Incubators & Innovators in Nigeria ( NINE) from Nigeria, RiseUp from Egypt and 22 On Sloane from South Africa, as the official Western, Northern, and Southern Africa regional partners, respectively. They are expected to work closely with Nailab, the continental and […]
World’s second man cleared of AIDS virus invigorates quest for cure
Businessam StaffMarch 6, 2019
Scientific investigation into the world’s second man cleared of the AIDS virus is zooming in on a gene and a treatment side-effect, as newly-enthused researchers strive to find a cure for the disease that has killed millions. Known as the “London Patient”, the man had HIV and a type of blood cancer called Hodgkin’s lymphoma. […]
Amazon to discontinue New York’s headquarters project
Businessam StaffFebruary 14, 2019
Amazon.com Inc will not move forward with plans to build a headquarters in New York after rising opposition from local politicians, one of the world’s most valuable companies said in a statement on Thursday. The company said it will not reopen the search process “at this time. We will proceed as planned in Northern Virginia […]
Nigeria lags in technology innovation, says MainOne CEO
Justice OkamgbaAugust 30, 2018
Nigeria is lagging behind peers in terms of technological innovations, especially with little progress in the fields of electronic devices and instrumentations, according to Funke Okpeke, chief executive officer at MainOne. She made the remark while delivering a speech themed, “The Role of Electronic Devices and Instrumentation in National Development”, at the public lecture of […]
Will Nigeria take advantage of data science demand?
Justice OkamgbaAugust 28, 2018
Data science is becoming one of the sexiest jobs of the 21st century in high demand, due to the large quantum of data being generated, a situation which is increasing the shortage of data scientists. Statista reports that the number of connected devices to grow to at almost 31 billion worldwide between from 2015 to […]
Regulation, policy framework stall holistic deployment of blockchain
Justice OkamgbaAugust 14, 2018
With the continuous buzz around blockchain raising the expectations of many Nigerians, analysts said the Nigerian government still does not have the prerequisites and enablers that will facilitate the adoption and deployment of the technology. According to analysts, despite the clear-cut enormous benefits of blockchain, the Nigerian government still appears not ready as it is […]
Nigeria’s Honeywell launches Itanna, an accelerator and investment vehicle for tech startups
Justice OkamgbaAugust 7, 2018
Honeywell Group has officially launched Itanna, a new accelerator and investment vehicle for tech-enabled products. The move is geared at cementing its position as a facilitator and impactor on growth in key sectors, including tech within the Nigerian economic space and across Africa. Led by Tomi Otudeko, head, innovation and sustainability for Honeywell Group and […]