Tech and Biz News Nigeria

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3 min read

Gambian Minister applauds Nigeria’s strides in telecom regulation

The Gambian Minister of Communications and Digital Economy, Ousman Bah, at the weekend in Abuja, said Nigeria’s giant strides in telecom regulation are the reason that the nation’s telecoms development has become a reference point.

Bah, who led a Gambian delegation, including industry regulators on a courtesy visit to the management of the Nigerian Communications Commission (NCC) in Abuja, said the visit was prompted by the success, which Nigeria has witnessed in the sector, and the need for The Gambia to follow the same path of success.

He said it is for this reason that the West African nation has completed arrangements to establish an independent regulatory commission for its telecommunications industry like the NCC of Nigeria.

“The current industry statistics is proof that Nigeria is achieving her goals of digitisation of its economy,” he said.

He sought the Commission’s advisory support and strategic collaboration to accelerate economic growth and improve efficiency in both countries and strengthen all sectors across the African continent.

Director of Legal and Regulatory Services at NCC, Josephine Amuwa, who received the delegation on behalf of the Executive Vice Chairman of NCC, Prof. Umar Danbatta, highlighted the impact of the Nigerian Communications Act (NCA) 2003.

She said the NCA 2003 empowers the Commission to effectively carry out its regulatory mandate, one of which is to create an enabling environment for competition among operators in the industry, as well as provision of qualitative and efficient telecommunications services throughout the country.

Amuwa spoke about the Commission’s role in ensuring that the mandate of the Universal Service Provision Fund (USPF), is accomplished, and that has led to implementation of various programmes to the benefit of Nigerians.

“The USPF was also established by the NCA 2003 to ensure that services are extended into the rural communities to ensure that telecoms services are available in unserved and underserved areas, even in the urban areas, to meet government objectives,” she said.

Amuwa also cited the consultative and collaborative approach to telecom regulation as one of the factors for Commission’s successes.

“The Commission adopts a participatory rule-making process where key players in the industry are invited to a public hearing for further deliberations to ensure that the stakeholders’ views are considered in establishing these regulatory guidelines,” she said.

Amuwa encouraged the delegation to visit the Commission’s website to study published regulatory guidelines on all necessary matters. She explained that the guidelines give full effect to the provisions and administration of the NCA 2003.

Economy Finance Gadgets News Technology Technology Trends
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5 min read

FINTRAK EASES BANKS ATM MANAGEMENT WITH INNOVATIVE SOLUTION

In today’s ever changing financial ecosystem, the ubiquitous automated teller machine (ATM) has been known to have eased banking and necessitated personalized digital banking experience for people outside the banking premises. Fintrak Software Limited, an indigenous financial technology (fintech) has brought a home-made solution designed to solve these teething problems with ATM management and transaction. This software is designed specifically for banks that do deploy ATM machines in any location of the country.

Known as the ATM Management& Monitoring Solution, the Solution cleanses and consolidates data which exist in different forms and formats from all the sources, making analysis much easier. It is a solution that accurately monitors and manages transactions, hardware and software, cash management, reconciliation, profitability and transaction analytics. The solution aids Financial Institutions in identifying transactions that require immediate and accurate rectification.

BUDGET: Fin Trak's software to reduce errors by 90% - Vanguard News — Bimbo Abioye, The Group Managing Director, Fintrak Software Limited

Speaking on the importance of the ATM Solution Management software for banks and financial house, Bimbo Abioye, the Group Managing Director of Fintrak said that “For Banks, this is a necessary tool to manage and monitoring Bank’s ATM transactions, it is Cost effective (Time and Human Resources). It reduces cost of labour that is deployed in various ATM, and it also has at -a-glance Profitability Log. Most importantly the Reconciliation Process is automated. It also has unique features such as Cash Status for Terminals, Issues Monitoring, Easy Reconciliation Process, Cash Balancing, ATM Geo-location Analysis and Scalable Solution.”

Another critical factor affecting ATM across various location is what is known as terminal switch monitoring. The solution looks at this situation and tries to solve them in various ways such as looking at the total issues affecting the ATM Terminals – Which enable the early detection of transaction failures, slowdowns or anomalies. The ATM status and downtime trends which helps clients reduce the duration and severity of service outages is taken care of and the terminal switch monitoring module proactively analyses terminal health at intervals by identifying faults, optimizing IT cost, managing risk, and providing transparency for monitoring system infrastructure based on response information.

Coming with various modules such as transaction analysis both volume and type. Transaction Value and Volume Analysis: This feature give us the performing and under-performing terminals by value and volume along side their locations and also for successful and failed transactions. Transaction Type Analysis: This feature gives analysis of customers’ transaction on all terminals based on the type of the transaction being done on them including, withdrawals, payments, deposits among others.

With reports systems that will give the bank or the financial institution various types of reports such as ATM Service Status Report, ATM Transaction Type Report, ATM Issue Types Report, Terminal Usage Report, Cash Management Report, Total Transaction Value & Volume Log, Profitability Analysis, ATM Transaction Summary, ATM Transaction Breakdown, Transaction Class Report and Transaction Type Report by Value and Volume.

“The Fintrak’s ATM Management and Monitoring solution is basically designed to ease the management of any ATM for any Financial Institution scattered at various location in country and also reduce human errors and cost of these management. FinTrak Software is a global Financial Technology organization providing innovative technology and business solutions to financial institutions in the financial services sector and enterprises across continents”, Bimbo concluded.

FinTrak Software is a global Financial Technology organization providing innovative technology and business solutions to financial institutions in the financial services sector and enterprises across continents. The Company has a workforce of over 125 staff including over 90 software engineers. We have successfully implemented over 200 technology solutions for various enterprises engaged in Insurance, Commercial Banking, Mortgage Banking and Manufacturing.

The solution looks at this situation and tries to solve them in various ways such as looking at the total issues affecting the ATM Terminals – Which enable the early detection of transaction failures, slowdowns or anomalies. The ATM status and downtime trends which helps clients reduce the duration and severity of service outages is taken care of and the terminal switch monitoring module proactively analyses terminal health at intervals by identifying faults, optimizing IT cost, managing risk, and providing transparency for monitoring system infrastructure based on response information.

Business Finance Government News Opinion
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4 min read

PHASING OUT OF NAIRA AND THE INTRODUCTION OF NEW DESIGN OF SAME

As it is with most government policies, some Nigerians are already expressing distrust with the latest announcement some hours ago by CBN of its plan to faze out the present Naira notes by January 31st of next year (2023) and the plan introduction of a new design of same by the 15th of December, 2022.

Well, from time immemorial, I give credit to people when they deserve it, even when I don’t like you, and this time around will not be different. Since the inception of this government, I can count at least 5 of the present government policy somersaults and I can boldly say, hardly does it have good ones. But on this plan by the #CBN, they should be commended and not just throw under the bus as usual.

I read where someone (obviously, an anti-government person) alleged it’s a plan by the government to embezzle money towards the tail end of its tenure; reason for the sudden and swiftness of the said plan. i really do not understand that part, but if it is said that some will use the plan to embezzle money, especially, funds earmarked fr the new printing, I would not begrudge such fellow.

Having said the above; I strongly believe the merit of the plan is much more and is of more benefit than the demerits of it. Why do I say so?
Firstly, the most important merit is that it would rendered most criminals jobless, especially those collecting ransom. It will make it easy to detect those planning to use large sum of money for nefarious activities if any one . Every money being hoarded now will be useless, unless you take them to bank for deposit before the time frame elapse; and I’m sure you are aware what that means? You will have to explain where you get huge sum of money coming in to deposit in banks around that period. It doesn’t matter the banks unless your account is not linked with BVN. EFCC will be waiting to receive all the money from your septic tanks, wardrobe, those buried, those in your boot and the sacks, otherwise, you are going back to square one.

In addition to the above, it will also work in one way or the other against those planning to stock cash for vote buying in 2023 general election. If anything, I believe all and sundry should be happy at least for this particular reason.

Also, it will bring some sanity and decency to our notes, at least for some time before some people keep using it to wipe away their sweat after removing from bra.

Lastly, I think it will reduce the money in circulation and help strengthen the purchasing power of the legal tender and in so doing reduce inflation.

These are my humble opinion, so I will implore us all to see the cup half full instead of half empty this time around, even though I understand where most of our pessimism is coming from.

Let’s what and see.

NB: I have seen that more and more people are not okay with the planned changed as against the only person I made mention of when I started out to write early in the morning before I got busy.

#naira #newnote

Femi O Oyedepo

Business
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6 min read

NCC Staff Eulogise Aliyu, Aninweke in Retirement

As two management staff of the Nigerian Communications Commission (NCC) complete the final stage of their disengagement with the regulatory body, the staff of the Commission have continued to eulogise their eventful tenure at the Commission.

Mallam Ibrahim Aliyu, who retired as the Head of Administration, and Chief Okechukwu Aninweke, Head of Risk Management, retired from the Commission upon attainment of 60 year mandatory age of retirement, and were celebrated at different occasions by the staff, who listed their sterling qualities and track record of achievements.

Executive Commissioner, Stakeholder Management, Mr. Adeleke Adewolu, commended Mallam Aliyu for his enormous contributions to the Commission in the 26 years of serving in different departments, including a stint as the Zonal Controller of Lagos Zonal Office.

Pouring encomiums on the two staff, Adewolu appreciated the duo and extended the commendation of the “the Board, Management and entire staff of the Commission to them for their laudable and impressive contributions to the sustainability of the nation’s telecoms industry.” The ECSM prayed God to grant them sound health and minds to continue to positively flourish in their future endeavours.

Director, Compliance Monitoring and Enforcement, Ephraim Nwokonneya, recalled that both Aliyu and Aninweke’s track record were known for their passion, commitment, and integrity as consummate civil servants, who were sticklers to work ethics and provisions of civil service rules.

“The retirement of Aliyu and Aninweke should expectedly come with the tons and tons of tributes and commendations that we have witnessed so far. This is because these two distinguished individuals have come, seen and conquered. Indeed, they left their feet in the sand of times for their sterling performances in various capacities where they creditably served while in the services of the Commission,” he said.

Mr. Usman Malah, Director, Human Capital and Administration, while praising Aliyu for his dedication and several achievements, including some monumental achievements while he served at the Kano Zonal Office, chronicled his sojourn since he joined the NCC in May 1996. He recalled his achievements in Kano Zonal Office in January 1997 as a Senior Manager, and his feats after his redeployment to Lagos Zonal Office, once again as Principal Manager in January 2001. Malah spoke about how he, Aliyu, never rested on his oars even when he became the Zonal Controller in Lagos, and later Zonal Controller in Kano.

Aliyu was later redeployed to the Policy Competition and Economic Analysis Department, where he headed the Economic Analysis as Assistant Director and later promoted as Deputy Director and appointed Head of the Administration Department in October 2018. Aliyu also had a stint at Consumer Affairs Department, Project Department, and back to Administration Department from where he retired.

In his momentous sojourn at the Commission, Aninweke was noted to have traversed several departments in NCC, including Licensing (Tariff and Charges), and Compliance Monitoring and Enforcement (CME), before he was redeployed to the Lagos Zonal Office as Principal Manager to head it as Zonal Controller in July 2011.

Aninweke, through his performances and contributions, made tremendous impact at the Lagos Zonal Office as Zonal Controller for almost six years, and he is fondly remembered for his performance in Lagos during which he won the award of the best performing Zonal Controller.

Described as a man that has given his best to the Commission and the nation, Chief Aninweke who joined the NCC in 2001 as a Deputy Manager, had also had track record of eventful and credible performance at the Commission.

Director of Project, Mrs. Abigail Sholanke, recall the entrance of Aninweke, and his dedication to duty, leading to many visible achievements in all the areas of his posting. He said Aninweke’s type will be hard to forget because of his self-motivation, fearless disposition to carry out responsibilities and his knack for excelling in his assignments.

After his performance as Zonal Controller in Lagos, he was redeployed to the Corporate Planning, Strategy and Risk Management (CPSRM) Department at the Head Office in 2017, where he headed several units, including Performance Management, Policy Review, Strategy, Risk Management, and then Digital Economy (which started as a Unit in CPSRM). While in CPSRM Department, Aninweke articulated and laid the foundation for the take-off of the current Strategic Management Plan (SMP) 2020-2024.

Apart from his duties at the Commission, he was elected twice as the President of NCC Staff Multipurpose Cooperative Society, a position he fittingly and cumulatively occupied for four years while in service, and with high achievements and impactful leadership.

On the sports scene, Aninweke is ranked in the high echelon of professional football referees, where he had served as match commissioner in Nigerian football for several years.

Economy Investments News Society Technology Technology Trends Telecoms
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6 min read

Subtonomy Talks About The Impact Of Telecoms in African Economy

SUBTONOMY (https://www.Subtonomy.com/), the leading Network Experience Platform provider in the Nordics, has announced that it will be attending AfricaCom in South Africa (8-10 November 2022) to bring its world-class digital customer support offering to Africa.

The African digital revolution

It’s time to reappraise Africa’s place in the global digital market. Long held back by affordability and availability issues, the advent of cheaper smartphones and ubiquitous, higher capacity mobile networks have provided a huge springboard for growth. Young, internet-savvy Africans are optimistic and opportunistic about tech, utilizing it as a platform for their creativity, entrepreneurial spirit, and thirst for education. Already the world leader in mobile money[1], Africa is poised to leap forward, unencumbered by legacy technologies and processes, and empowered by youthful demographics[2]. The continent’s rapid transition to a mobile-first, digital economy means that it already has more smartphone users than North America and by 2025 Sub-Saharan Africa will have 474 million internet users (39% of the population[3]).

New demands on the network, new customer expectations

Whether it’s using their phones for banking, finding work, shopping, creating, listening to music or watching their favorite shows, young Africans have moved far beyond their parents’ expectations of mobile services. While the future of the African mobile market may look rosy, it’s not without challenges, however. In the next few years, African operators will have to cope with onboarding large numbers of new customers[4] and find cost-effective ways to support them while they transition from 3G to 4G, from feature phones to smartphones, and from simple to complex service offerings.

As if all of this were not enough, the expectations of African Gen Z customers are also rising rapidly. Like their social media friends around the world, they expect high-quality uninterrupted services backed by world-class, 24/7 customer support when things go wrong. If they don’t get it, they’re more willing than ever to simply walk away[5].

And this is precisely where African operators can benefit from the experience of other mobile-first markets such as the Nordics. Operators in the Nordics have pioneered efficient and cost-effective digital customer care for years. Subtonomy’s customers, for example, are already able to automate 75% of customer support in digital channels, and increase contact center efficiency to deliver 60% fewer escalations and 47% faster call handling.

Future proofing support

With things moving so rapidly in Africa, it’s hard for operators to manage change cost-effectively or predict what their support operations will look like in a few years. Will future African customers have virtual reality-based support, or get help via their digital assistants? Whatever happens, operators must squeeze the maximum value out of their existing equipment to keep costs down and reduce disruption, while at the same time innovating their customer support offerings and preparing for what’s coming. Fortunately, there’s a win-win here as well. Subtonomy’s Network Equipment Platform takes data from any existing source – including legacy probes (eg Amdocs, Anritsu, Commprove, Empirix, Exfo, Polystar, Radcom, Tektronix, Teoco or Viavi), BSS and OSS, cell data and device data – to deliver a 360^o real-time view of actual customer experience, empowering 24/7 holistic support.

“As the African mobile market matures, customers will expect better support from operators. As researcher Herring Shava[6] recently pointed out, two of the biggest causes of dissatisfaction with support are operators’ reliability (not doing things when they said they would) and responsiveness (not informing customers when they intend to fix problems). We’re proud to have helped our clients fix both these issues in the Nordics and look forward to helping African operators revolutionize the way they support their customers in future – giving them both happier customers and a competitive edge.” Andreas Jörbeck, CEO, Subtonomy

To find out more about Subtonomy’s offering, operators are invited to meet with Subtonomy at AfricaCom 2022, Telcos of Tomorrow booth A52. Book a meeting here: APO Group rep (malika.bouayad@apo-opa.com).

[1] According to the GSMA, Africa accounts for 70% of the world’s $1 trillion mobile money transactions.

[2] Africa has the largest number of Gen Zers (also called ‘Zoomers’) in the world, and more than a billion people under the age of 35.

[3] Forecasts from GSMA.

[4] By 2025 the GSMA forecasts Africa will have 120 million new subscribers and 170 million new mobile internet users, taking the proportion of the population using mobile internet to 40%.

[5] According to a BrandsEye study (2019), 47.2% of the complaints raised by customers in South Africa were about the quality of customer service. Approximately 37% complained about the mobile network provider’s turnaround time, and 44.4% of the respondents complained about the network provider’s failure to attend to queries posted on social media. But in cases where the network provider did respond, 61% of consumers ended up being dissatisfied with the quality of service provided.

[6] See: H. Shava. Service Quality and Customer Satisfaction Experience Among South African Mobile Telecommunications Consumers. Walter Sisulu University. Published in Eurasian Journal of Business and Management, 9(3), 2021, 217-232.

Business Economy Finance Gadgets Government Opinion Society
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2 min read

DIGITILIZATION KEY TO SOCIO- ECONOMIC DEVELOPMENT-FG

The Minister of State for Science, Technology and Innovation, Chief Henry Ikechukwu Ikoh, has said that digitalization is key to the desired development of any nation, Nigeria inclusive.

Chief Ikoh said this when the Secretary- General of the Digital Cooperation Organization (DCO) Her Excellency, Ms Deemah Al-Yahya paid a courtesy visit to the Ministry today in Abuja.

The Minister stated that digitalization and technology transfer have made the world a global village.

He pointed out that deliberate digital human capacity building will enhance accelerated industrialization of Africa, thereby creating jobs, reduce poverty as well as minimize mass exodus of Africans to Europe in search of greener pastures.

According to Chief Ikoh, Africa can only achieve her goals in digitilzation, technology and innovation through collaboration which will enhance cross fertilization of ideas necessary to compete and take her desired position among comity of continents.

To this end, Chief Ikoh enjoined all the countries of Africa to be committed to digitalization and technology transfer for socio-economic and political freedom of African continent.

Speaking, the Permanent Secretary of the Ministry, Mrs Monilola Udoh, said that Nigeria is open to partnership with individuals, organizations, communities and nations that will support the Country’s quest for digital growth.

She further said that Information Communication Technology (ICT) is the key driver of innovation,stressing that the Ministry is willing to partner with Digital Cooperation Organization for mutual benefits

Earlier, the Secretary- General of the Digital Cooperation Organization (DCO) Her Excellency, Ms Deemah Al-Yahya said that the purpose of her visit is to empower the digital transformation and economic strategies of Nigeria as well as understand the eco-system of the country.

According to her, the organization comprises of twelve countries from different continent which represent 600 million population and two trillion dollars in GDP and then commended Nigeria for being one of the founding members.

Atuora Obed O.

Events
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0
4 min read

AfriTECH 2.0: Outstanding Individuals, Organisations to be Honoured

Outstanding individuals and organisations in Africa shall be honoured as part of the activities lined up for this year’s Africa Tech Alliance Forum (AfriTECH 2.0) in Lagos, Nigeria.

AfriTECH 2.0 is scheduled to be held on Wednesday, November 09, 2022 in Lagos, Nigeria; starting 9:00am under the theme: ‘Sustainability and The Company of the Future’.

The panel discussions will focus on ‘Harnessing Digital Identity for Digital Economy Agenda’; ‘Creating Sustainable Future through Connectivity’; ‘Blockchain & Cryptocurrency – The Future of Money’; and ‘Cloud Computing in 5G Era – Everything-As-A-Service’.

Already confirmed speakers for AfriTECH 2.0 include Professor Umar Garba Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC); Professor Muhammed Bello Abubakar, the Managing Director/Chief Executive of Galaxy Backbone Limited; Mr. James Agada, former CEO of CWG PLC (chairman of AfriTECH 2.0); Mr. Olufemi Ake, MD, ESET West Africa; Emmanuel Amos, President, InnovationBed Africa; Jude Ozinegbe, Convener of Cyberchain Conference & Exhibition; Engineer Ikechukwu Nnamani, President, Association of Telecommunication Companies of Nigeria (ATCON), among others.

Africa Tech Week 2022 will culminate in an awards ceremony which aims to celebrate and reward companies on the African continent that have demonstrated excellence in the areas of innovative product development.

Categories include: Innovation of The Year Award; Technology Company Of The Year; CEO of The Year; Leader of the Year; Women In Tech Award; Best Technology Start-Up; Fintech Award, AI Technology Award and Digital Transformation Award.

§ Digital Economy Hero of the Year

§ 5G CORE LEADERSHIP Award

§ Digital Economy Ambassador of the Year

§ Best Public Sector Digital Project of the Year

§ Digital Identity Excellence Award

§ Digital Advocate of the Year

§ CyberSecurity Company of the Year

§ CyberSecurity Product of the Year

§ CyberSecurity Woman of the Year

§ PAN-Africa CyberSecurity Excellence Award

§ Digital Identity CEO of the year

§ Digital Identity Company of the Year

§ Best Customer Identity and Access Management Award

§ Data Hosting Company of the Year

§ Carrier Neutral Data Centre of the Year

§ Data Centre Company of the Year

§ Excellence Award in Data Centre Operations

§ Excellence Award in Cloud Computing Innovation

§ Data Centre CTO of the Year

§ Africa Digital Enabler Award

§ AfriTECH Best CPaaS Provider of the Year

§ Best Rich Media Experience Provider of the Year

§ Technology Company of the Year

§ Telecoms Company of the Year

§ Telecoms Woman of the Year

§ Best Technology Startup of the Year

§ Best Fintech Startup of the Year

§ Blockchain Technology Advocate of the Year (Group)

§ Blockchain Technology Mastery Personality of the Year

§ Innovation Hub of the Year

§ EduTech Startup of the Year

§ Best Cryptocurrency Market Exchange

§ Best Crypto Trading Platform of the Year

§ Best Crypto Exchange Platform of the Year

§ Best B2B eCommerce Startup of the Year

§ Most Promising Cloud Computing Company of the Year

§ Software Company of the Year

§ Mobile Phone Brand of the Year

§ ERP Tech Innovation Award

Commenting on the significance of the year’s AfriTECH Awards, Mr. Chike Onwuegbuchi, the Co-Founder of TechCastle Foundation, says: “The main reason to organise this award as part of activities for AfriTECH 2.0 is to show appreciation for the achievement of specific individuals and organisations whose consistencies and resilience have led to unprecedented digital transformation in Africa.

For their efforts and grit – whether in government or private practice, they have represented the Continent well and AfriTECH 2.0 AWARDS ceremony provides a unique opportunity to appreciate their efforts.

Registration to be part of AfriTECH 2.0 is still ongoing. Visit the link here or click: https://africatechallianceforum.africa/index.html.

Business Economy Society Technology Technology Trends
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0
4 min read

Kingston Digital Leads Channel SSD Shipments in 2021

– Kingston Digital Europe Co LLP, a flash memory affiliate of Kingston Technology Company, Inc., a world leader in memory products and technology solutions, today announced TrendForce has named it as the number one third-party supplier of SSDs in the channel for all of 2021. According to TrendForce, Kingston accounted for a massive 26 percent of the 127 million units shipped in 2021.

Although the pandemic continued to disrupt the supply of SSD related components in 2021, shipments through global distribution channels saw an annual growth rate of 11%. While production demand increased, shipment volume was affected when wafer supply was too limited to meet order lead time. In response, Kingston adopted a limited supply strategy as product prices rose. These findings show through Kingston’s global strategy for sourcing components, the company was well ahead of its competitors considering a global pandemic and chip shortage. The results reinforced Kingston as the clear leader in SSD production, as the second-place supplier accounted for only 8 percent of the total channel market. As a category, third-party suppliers (non-semiconductor) SSD makers accounted for 58% of the total shipments in 2021.

Growing demand for gaming SSDs with PCIe 4.0 NVMe continues to define the market landscape pushing module houses to steadily shift from SATA to PCIe. TrendForce predicts providing upgrades will likely enhance brand recognition and continue to boost shipments. In 2021, Kingston added two PCIe 4.0 NVMe M.2 SSDs to its portfolio with the addition of KC3000 and Kingston FURY Renegade SSD. The high-performance drives joined Kingston’s family of client SSDs to enable those who demand speed and reliability to handle intensive games and application workloads on desktops and laptop PCs. According to TrendForce, price and the ability to provide comprehensive global production and sales services will be an important factor in continuing to increase PCIe SSD shipments in the future.

Kingston Technology’s presence in the market is widely due to its strong relationships with customers and channel partners worldwide. As the ongoing health crisis swept through the world and businesses moved fast to adapt, Kingston continued to offer top-tier sales support and access to in-house product experts and engineers who embody the “Kingston Is With You” working attitude that has led to over three successful decades of reliability and support for customers. Kingston’s #1 rank in the SSD market is no surprise when the same approach in the DRAM division has led the company to be the largest third-party memory module supplier for the 19^th consecutive year.

“It’s an honor to achieve this top ranking as Kingston celebrates its 35 year anniversary”,

said Tony Hollingsbee, SSD business manager, Kingston EMEA. “From the beginning, Kingston’s focus and core sales strength has been with our customers and channel partners worldwide. Together, these successful relationships have helped our SSD business grow rapidly. The latest results from TrendForce help validate these efforts, so we certainly share this success with them.”

For more information visit kingston.com.

Business Events
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0
2 min read

Eventful Ltd celebrates 20 Years Of Excellence

Eventful, a leading event consulting company in Nigeria has announced its 20th anniversary to celebrate the patronage and support of its key stakeholders over the years.

Eventful Ltd was founded in 2002 to serve the needs of corporate and individual clients. Over the course of its 20-year history, Eventful has consistently delivered excellent professional services while demonstrating creativity with a vision to become the leading player in the organised events planning industry in Africa.

Speaking about how the company has maintained its leadership position as an innovative leader in the event industry over the years, the Managing Director, Fisayo Beecroft said, “We pride ourselves in our ability to think through and curate well-crafted experiences end to end; from design and theme to hiring of the right providers and vendors, to venue set up, and developing the appropriate budgets in accordance with clients’ desires, professionalism is our watchword.”

Fisayo also added that Eventful only works with reputable providers who have a track record of success in their respective fields of endeavour and who have demonstrated integrity. “We uphold the highest standards; excellence is one of our core values and we believe that is the minimum expected of a professional.”

In addition, the Head of events of the company, Omolola Owo, spoke about the company’s growth, achievements, transition, and legacy of the organisation. “As an event company, we keep evolving all the time, trying to make sure that we are the first in the game; the smooth leadership transition in 2021 for us as a company is an achievement considering we have maintained an upward growth trajectory for this two-decade old institution even after the founder Yewande Zaccheaus retired.”

With over 2000 events planned already, Eventful has remained at the top of the industry not only for its epoch-making corporate engagements, but also for its unforgettable weddings, memorable funerals, and more recently bespoke Souks. Eventful has solidified its brands’ value proposition and far-reaching influence in the mind of the public.

Business Economy Energy
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0
8 min read

Schlumberger Becomes SLB, a Technology Company Driving the Future of Energy

Schlumberger (NYSE: SLB) today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one under the new SLB brand, which introduces a refreshed visual identity, including a new logo for the company—a symbol of where it is today and where it is heading.

“Today we face the world’s greatest balancing act—providing reliable, accessible and affordable energy to meet growing demand, while rapidly decarbonizing for a sustainable future,” said Olivier Le Peuch, chief executive officer, SLB. “This dual challenge requires a balance of energy affordability, energy security and sustainability. It requires a balance of innovation and decarbonization in the oil and gas industry as well as clean energy solutions. It requires a balanced energy mix for a balanced planet. Our new identity symbolizes SLB’s commitment to moving farther and faster in facilitating the world’s energy needs today and forging the road ahead for the energy transition. It’s a bold challenge. But the legacy of our people, technology and performance are unmatched, and we are ready to answer this challenge.”

Brand evolution

The SLB brand builds on nearly a century of technology innovation and industrialization expertise in the energy services industry. The company has spent the last three years laying the groundwork for its increasing focus on low- and zero-carbon energy technology solutions while continuing to drive innovation, decarbonization and performance for the oil and gas industry:

In 2020, SLB launched its New Energy business to explore partnerships and opportunities in low-carbon and carbon-neutral technologies. This set in motion a years-long journey for the company to expand its role in the new energy future through the development of new technologies and partnerships.
In 2021, SLB became the first company in the energy services industry to commit to a net-zero target inclusive of total Scope 3 emissions from the use of its technologies.
In tandem with this commitment, SLB introduced a portfolio of Transition Technologies™ with a quantifiable, science-based emissions reduction benefit. One example is SLB’s Zero-Flaring Well Test and Cleanup technique, which has been used by customers to reduce up to 80,000 tons of CO₂ emissions—the equivalent of taking nearly 18,000 cars off the road for a year.
Earlier this year, the company announced SLB End-to-end Emissions Solutions (SEES), a dedicated business for eliminating methane emissions from oil and gas operations. Methane is an important industry target because its warming effect is 84 times greater than CO₂ over a 20-year period and 28 times over a century. SLB recently joined the Oil and Gas Climate Initiative’s “Aiming for Zero Methane Emissions Initiative” to support energy companies’ efforts to curb the warming impact of their operational methane emissions.

SLB today

Leveraging this progress and guided by its brand promise to drive energy innovation for a balanced planet, SLB will focus on delivering results-driven solutions for its customers in four areas:

New energy systems—SLB is focusing on creating and scaling the new energy systems of tomorrow. With its New Energy business evolving to a strategic driver for the company, SLB will continue forging partnerships across various industries to develop technologies across five areas: carbon solutions, hydrogen, geothermal and geoenergy, energy storage and critical minerals. This includes the company’s Celsius Energy business, which reduces the carbon footprint of buildings by making energy accessible from the earth, as well as Genvia, a clean hydrogen technology company formed as a public/private partnership with France’s renewables research agency, CEA, and other partners.
Industrial decarbonization—Reducing emissions, particularly from hard-to-abate industries, is critical to achieving net zero targets. SLB is already working to make an impact in this area. Last month, it announced plans to develop a digital sustainability platform that will provide sustainability solutions for hard-to-abate industrial sectors. SLB is also focused on expanding technologies and opportunities for carbon capture, utilization and sequestration (CCUS), which is one of the most significant levers for decarbonizing multiple industries.
Digital at scale—Digital capabilities continue to grow throughout the energy industry and have become a key performance and efficiency driver. SLB’s customers will be able to use the company’s digital products and services to help meet their sustainability goals by driving transparency, better measurement, more effective planning and much more impactful outcomes with integrity. SLB recently announced the commercial release of its Enterprise Data Solution, which helps accelerate advanced workflows. This latest innovation was built in alignment with the emerging requirements of the OSDU™ Technical Standard, the open industry standard for energy data.
Oil and gas innovation—Building on its decades of technology advancement, SLB will continue innovating new products, services and technologies that make the exploration and development of oil and gas assets cleaner, more resilient and more efficient, with lower carbon and less impact on the environment. The company will continue to build on its fit-for-basin approach, developing bespoke and custom technologies tailored for the regions and environments in which they operate. Through the continued growth of digitally enabled technologies that improve efficiency and performance, its Transition Technologies portfolio and its SEES methane elimination business, SLB will provide solutions that enable its customers to increase production from their reserves at a competitive cost and low carbon intensity per barrel equivalent.

“Our new identity boldly symbolizes our ambition to accelerate the energy transition with sustainability at the center of everything we do,” said Dr. Katharina Beumelburg, chief strategy and sustainability officer, SLB. “Our new brand and strategy are built for this moment in our history. A moment that demands the need for a balanced energy system for our planet and the need to achieve and go beyond net zero to address the climate challenge. Everything we have chosen, from the shape of the logo to our new, bright blue color, symbolizes the boldness of our ambitions and ingenuity of our team to make the new energy future a reality. ’For a balanced planet’ is more than just our new tagline. It’s central to our purpose and our culture. It takes the incredible history of this world-class company, enhances it and moves it forward toward a more sustainable and net zero future.”

SOURCE

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