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FG Reinforces Commitment to Maritime Growth to Boost Coastal Trade, Job Creation

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In a significant move to revitalize Nigeria’s maritime industry, the Federal Government has reaffirmed its commitment to unlocking the sector’s full potential.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, provided this assurance during a weekend meeting in Abuja with the Director-General and CEO of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola. The discussions centered on fast-tracking the deployment of the Cabotage Vessel Financing Fund (CVFF), a crucial initiative aimed at supporting the growth of indigenous shipping companies.

The meeting focused on unlocking financing for local shipowners, reinforcing the government’s commitment to expanding coastal trade, creating jobs, and strengthening Nigeria’s position in the global shipping industry. Key stakeholders emphasized the need for efficient utilization of the funds to ensure the CVFF delivers maximum impact and positions Nigeria’s maritime industry for long-term growth.

The renewed commitment to maritime sector development is expected to generate a positive ripple effect across the economy, driving expansion, creating employment opportunities, and solidifying Nigeria’s status as a leading maritime hub in Africa.

 

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Business Culture Economy Posted on

FG Reinforces Commitment to Maritime Growth to Boost Coastal Trade, Job Creation

Author admin 0 31
post-image

In a significant move to revitalize Nigeria’s maritime industry, the Federal Government has reaffirmed its commitment to unlocking the sector’s full potential.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, provided this assurance during a weekend meeting in Abuja with the Director-General and CEO of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola. The discussions centered on fast-tracking the deployment of the Cabotage Vessel Financing Fund (CVFF), a crucial initiative aimed at supporting the growth of indigenous shipping companies.

The meeting focused on unlocking financing for local shipowners, reinforcing the government’s commitment to expanding coastal trade, creating jobs, and strengthening Nigeria’s position in the global shipping industry. Key stakeholders emphasized the need for efficient utilization of the funds to ensure the CVFF delivers maximum impact and positions Nigeria’s maritime industry for long-term growth.

The renewed commitment to maritime sector development…

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NDPC Strengthens Judicial Sector with Data Protection Workshop

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In a significant step towards bolstering data protection awareness in Nigeria’s judicial sector, the Nigeria Data Protection Commission (NDPC) has conducted a capacity-building workshop for Fellows and ICT staff of the National Judicial Institute (NJI). The workshop follows a recent high-level visit by NDPC officials to the NJI, reinforcing the commitment to enhancing data privacy and security within the judiciary.

Speaking at the opening session, the National Commissioner and CEO of the NDPC, Dr. Vincent Olatunji, expressed satisfaction with the swift implementation of this collaborative initiative. He underscored the crucial role of data protection and privacy for judicial officers and ICT professionals, emphasizing that safeguarding data is key to upholding the rights of Nigerian citizens.May be an image of 3 people and dais

Dr. Olatunji highlighted the workshop as a testament to Honourable Justice Salisu Garba…

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ThinkCyber Introduces Specto+ to Strengthen Cybersecurity in Nigeria

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By Anthony Emeka Nwosu

As cyber threats become more sophisticated, organizations in Nigeria are facing an urgent need to strengthen their defenses. Recognizing this challenge, ThinkCyber, a leading IT capacity-building firm specializing in cybersecurity, has introduced Specto, a powerful new security solution designed to help businesses protect their networks and stay ahead of cybercriminals.

Speaking about the new product, Mr. Uche, Country Manager of ThinkCyber, explained that Specto is not just another cybersecurity tool—it’s a game-changer for organizations looking to build stronger, smarter defenses against digital threats.

“Specto is a physical security appliance that blends seamlessly into an organization’s existing infrastructure. It’s designed to provide advanced network protection, helping IT teams detect and respond to cyber threats faster and more effectively,” Uche said.

One of the biggest challenges security teams face today is staying prepared for real-world cyberattacks. That’s why Specto includes powerful simulation capabilities, allowing organizations to test how well they can…

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Vertiv and Tecogen Forge Global Partnership to Enhance Cooling Solutions for Power-Constrained Data Centres

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Vertiv to offer Tecogen’s natural gas-powered chiller to customers leveraging alternative energy sources to reduce grid reliance

 

 

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, and Tecogen Inc. (OTCQX: TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating, and cooling equipment, are pleased to announce a collaboration that enables Vertiv to offer Tecogen’s advanced natural gas-powered chiller technology to data centres worldwide, addressing power constraints and facilitating the deployment of AI at scale. The Tecogen solution will expand Vertiv’s industry-leading portfolio of cooling solutions.

 

As the power required for Artificial Intelligence computing and its supporting critical digital infrastructure increases, the strain on the power grid is showing, with increased demand exceeding supply in some regions. Tecogen’s solutions, proven…

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NAPAfrica Internet Exchange achieves 5Tbps traffic milestone, driving Africa’s digital transformation

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NAPAfrica, along with the support of its dynamic peering community, has reached a new milestone of five terabits per second (Tbps) of traffic. NAPAfrica remains Africa’s fastest-growing Internet Exchange Point (IXP) and one of the global top ten internet exchanges by total traffic volume, reinforcing its position as the continent’s premier peering and interconnection hub.

 

With over 655 networks peering at its exchange points, NAPAfrica continues to play a critical role in keeping African internet traffic local, reducing costs, and improving network performance.

 

Key traffic milestones in NAPAfrica’s growth:

2016: Traffic peaked at 100Gbps.

2018: Traffic peaked at 500Gbps.

2021: Traffic surged to 2Tbps.

2023: Traffic surpassed the 4Tbps mark.

February 2025: Traffic reached 5Tbps.

 

NAPAfrica statistics:

Physical connected ports: 2 244

Total connected capacity: 41.5Tbits

 

Ten factors driving NAPAfrica’s growth:

 

1. Strategic locations in South Africa

NAPAfrica operates in Johannesburg, Cape Town, and Durban, three of Africa’s key internet traffic hubs. In these locations, NAPAfrica serves as a critical interconnection point…

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NDPC, National Single Window Secretariat Strengthen Collaboration on Data Protection Compliance

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The National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has reaffirmed the Commission’s commitment to fostering compliance with data protection regulations across key national projects. This commitment was highlighted during a recent meeting with a delegation from the National Single Window (NSW) Secretariat, led by its Director, Mr. Tola Fakolade.

During the engagement, Mr. Fakolade provided an overview of the NSW Project, emphasizing its potential to streamline trade processes across Nigeria. He stated that the visit was aimed at seeking expert guidance from the NDPC to ensure full compliance with the Nigeria Data Protection Act, 2023 (NDP Act), particularly as data privacy and security remain integral to the project’s successful implementation. Fakolade further initiated discussions on collaborative efforts between the NSW and the NDPC to embed data protection as a fundamental pillar of the project’s design and execution. Read More

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Fintrak Software Introduces Revolutionary Credit Ratings Software to Transform Lending in Nigeria’s Banking Sector

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Fintrak, a foremost fintech firm in Nigeria, has introduced its innovative Credit Ratings Software, aimed at transforming how banks assess customers and creditors before granting loans. The software, leveraging advanced technology and data analytics, is designed to enhance credit risk management and streamline the lending process in Nigeria’s banking sector.

As a leading provider of fintech solutions, Fintrak continues to make a significant impact on Nigeria’s financial landscape. This introduction builds on the company’s reputation for delivering innovative solutions that optimize operational efficiency, mitigate risks, and promote financial inclusion.

The Credit Ratings Software is designed to help banks assess the financial health, risk profile, and repayment capacity of customers and corporate clients before making lending decisions. Integrating seamlessly with existing banking systems, the software provides real-time evaluations, ensuring loans are granted based on accurate and reliable data.

In a statement, Bimbo Abioye, Group Managing Director of Fintrak, emphasized the importance of this…

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Roberta Edu: Why Women Need to Rethink Collaboration for Success

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By Roberta Edu

As a feminist, entrepreneur, and tech expert, I have always advocated for women’s empowerment and equality. However, through my personal and professional experiences in Nigeria, I have observed a critical pattern—when it comes to success in business, politics, or life in general, strategic collaboration with men often yields more support and results than relying solely on women.

Many assume that my advocacy for women means I am against men, but the truth is, most of my key business relationships and life-changing connections have been with men. This is not to say that women do not support each other, but rather to highlight a deeper psychological and social conditioning that influences how women interact in competitive and professional spaces.

When I embark on a project, the first people I instinctively reach out to are often a mix of men and women—yet, the ratio tends to favor men. In my experience,…

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