Connect with us

Technology

Chevron Partners Zinox Computers in New Deal

Published

on

Chevron
  • Chevron Partners Zinox Computers in New Deal

ZINOX Technologies has confirmed a new deal with Chevron Nigeria to commence a massive roll-out of thousands of high-end personal computers (PCs), desktop units, monitors and other accessories with which the oil company will equip its offices and other establishments in the country.

Chevron is the third-largest oil producer and one of the biggest investors in Nigeria where it operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for the onshore and offshore assets in the Niger Delta region.

High-end Servers and Laptops

Hi-Tech gathered that Zinox has already commenced the delivery and installation of the first batch of the orders.

Head of Corporate Communications at Zinox, Mr. Gideon Ayogu who confirmed the development said: “Yes, we have commenced the delivery and deployment of the Chevron orders through one of our partners. Apart from the major infrastructure and the roll-out of high-end computers, servers and other accessories to Chevron Nigeria who remain one of our most regular customers, we have also enjoyed consistent patronage from other multinationals such as Total and Shell as well as a few government agencies and parastatals.

“As a global company, we move with the forces of demand. Companies like Chevron, Shell, Total have been patronizing Zinox for over 14 years and this is based purely on service quality as we all know the high standards these companies aspire to.

Another official of the oil company, who preferred not to be mentioned, confirmed that “certainly, we are doing business with local Nigerian companies such as Zinox Technologies, among others. We have ordered thousands of high-end servers and laptops from Zinox. We encourage other Nigerian entrepreneurs and companies to take this as a sign of confidence. A lot of multinationals are ready to patronize made-in-Nigeria products, provided they meet international standards.

“With respect to the on-going roll-out of PCs and other computer accessories, it is worth emphasizing that this is not the first time we are doing business with Zinox, which has been a trusted business partner for many years. We have not been disappointed by the level of products and services received from Zinox over the years.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Fintech

From Trading to Credit: Robinhood Launches No-Fee Credit Card with Gold Membership Perks

Published

on

Robinhood

Robinhood Markets Inc. has announced the launch of its highly anticipated no-fee credit card and it was accompanied by exclusive perks for Gold membership subscribers.

This bold move is a step in the company’s mission to evolve into a comprehensive financial services provider.

The Robinhood Gold Card boasts an array of enticing features. Chief among them is the absence of annual costs or foreign transaction fees, positioning it as an attractive option for consumers seeking financial flexibility.

Moreover, cardholders stand to benefit from a generous 3% cash back on all categories of purchases, a competitive offer in comparison to industry rivals.

Vlad Tenev, CEO of Robinhood, emphasized the company’s commitment to innovation and industry leadership in an interview.

He expressed the intention to not merely introduce a credit card, but to revolutionize the market with a product that sets new standards for customer satisfaction and financial empowerment.

The announcement has sparked enthusiasm among investors, with Robinhood’s shares witnessing a 6.9% surge in early market trading following the news.

This surge further underscores the market’s confidence in the company’s strategic direction and its potential to disrupt traditional financial services.

Beyond the credit card venture, Robinhood has been steadily diversifying its offerings. With the introduction of retirement products and the expansion of commission-free trading services internationally, the company is positioning itself as a formidable player in the global finance landscape.

As Robinhood continues to innovate and expand its suite of services, its trajectory suggests a promising future as a leading force in democratizing access to financial tools and services.

Continue Reading

Telecommunications

NCC Files Copyright Infringement Charges Against MTN Nigeria and Others

Published

on

Karl O Toriola - Investorsking.com

The Nigerian Copyright Commission (NCC) has taken legal action against MTN Nigeria Communications Ltd. and four individuals, including its Chief Executive Officer, Karl Toriola, over alleged copyright infringement.

The charges, filed in the Federal High Court, Abuja Division, revolve around the unauthorized use of musical works belonging to artist Maleke Idowu Moye.

According to the NCC, the defendants are accused of offering for sale, selling, and trading musical works of Maleke without his consent between 2010 and 2017. These works were allegedly used as Caller Ring Back Tunes without proper authorization.

The musical pieces in question include popular tracks such as “911,” “Minimini-wanawana,” and “Stop racism,” among others.

The commission further alleges that the defendants distributed these musical works to subscribers without authorization, infringing upon the rights of the artist.

The charges are based on provisions of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

As the case awaits assignment to a judge and a fixed date for mention, it marks a significant development in the ongoing efforts to uphold copyright protection in Nigeria’s telecommunications sector.

This legal action underscores the NCC’s commitment to safeguarding the intellectual property rights of artists and creators within the country.

MTN Nigeria, a major player in the telecommunications industry, now faces a legal battle that could have broader implications for how intellectual property rights are respected and enforced within Nigeria’s digital landscape.

Continue Reading

Telecommunications

MTN’s MoMo Sees 32.2% Surge in Transaction Volumes

Published

on

MTN Nigeria - Investors King

MTN Group’s mobile money platform, MoMo, has experienced a 32.2% surge in transaction volumes.

With 72.5 million active users, MoMo continues to solidify its position as a leading fintech service provider in Africa, tapping into the continent’s burgeoning mobile banking sector.

The company’s success underscores the growing trend of Africa’s young and tech-savvy population embracing mobile technology to address financial needs.

Mobile phones are increasingly becoming a tool for bridging gaps in services, particularly in banking, presenting a lucrative opportunity for wireless carriers like MTN to capitalize on the burgeoning fintech market.

MTN’s achievement comes as it finalizes a deal with Mastercard Inc., valuing its fintech business at an impressive $5.2 billion.

This strategic partnership further enhances MTN’s position in the digital finance space, positioning it for continued growth and innovation.

However, MTN is not alone in its fintech endeavors. Rivals such as Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd. are also making strides in digital transformation, with plans to separate and monetize their fintech businesses in the long term.

Airtel Africa, for instance, is reportedly considering an IPO for its mobile money unit, indicating the high stakes and intense competition within the sector.

Despite the remarkable success in its fintech ventures, MTN faced challenges in its core telecommunications business, with service revenue growth slowing to 6.8%.

Inflation and currency devaluation in key markets, particularly Nigeria, impacted profitability, highlighting the complexities of operating in diverse African markets.

As MTN continues to expand its fintech footprint and invest in infrastructure to enhance connectivity across the continent, it remains poised to capitalize on the immense potential of Africa’s digital economy.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending