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MainOne Launches Data Centre Project

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MainOne - Investors King
  • MainOne Launches Data Centre Project in Sagamu

MainOne has pledged its commitment to boost Information and Communications Technology (ICT) in Ogun State with the launch of a data centre project in Sagamu, Ogun State.

During a recent courtesy visit of the company’s board and management to the Executive Governor of Ogun State, Senator Ibikunle Amosun and his cabinet, the company’s Chairman, Fola Adeola, disclosed that MainOne’s plans to make investments that would boost ICT development in the state.

Affirming the company’s commitment to the digital transformation of Nigeria, Adeola highlighted the untapped investment opportunities in the country, noting that ICT infrastructure investments will support rapid technology proliferation in the state.

“Given its market and reputation as haven for manufacturing and other enterprises, growth potential, investment-friendly disposition and proximity to Lagos State, Ogun State has the potential to become one of the major hubs of industrialization in Nigeria. Technology has a major role to play in that evolution. The focus of the state government on infrastructural development is a welcome development, and technology will be critical to achieve the full potential for economic development,” Adeola said.

The governor highlighted the investor-friendly posture of his administration, and its focus to ‘Rebuild the Gateway State’, which is already attracting a significant portion of new Foreign Direct Investment (FDI) into Nigeria to the state.

“We believe that infrastructure development is a vital component for Ogun State’s economic growth and have continued to invest in new road and rail infrastructure within the state, which is already transforming the ease of doing business. In addition, Ogun State has a network of 21 tertiary institutions, which guarantees employers a capable indigenous workforce”, the governor said.

Corroborating these statements, the Chief Executive Officer of MainOne, Funke Opeke, said:“As a pioneering broadband company in Nigeria, we are excited to partner with Ogun State by creating in Sagamua technology hub, capable of attracting local and international technology companies to do business in the state. This is similar to what we have achieved in Lagos, where we transformed the Yaba area into Nigeria’s undisputed ‘Silicon Valley’ that is now attracting international attention and investments.”

“Yaba is home to a significant number of Nigeria’s tech hubs and start up community and has created thousands of direct jobs and tens of thousands of indirect jobs, by stimulation of the ISP, eCommerce and ICT sectors,” Opeke said.

MainOne hopes to start building its Data Center in Sagamu, Ogun State later this year. The facility which is based in the Flowergate Industrial Park is designed to provide services to the burgeoning base of industry in the state and serve as a backup for businesses in Lagos who will enjoy easy access through the Lagos-Ibadan expressway, once repairs are complete.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Nissan to Invest Over $17 Billion in Electric Vehicle Development

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Japanese automobile company Nissan will be investing 2 trillion Yen (about $17.6 billion) while developing new electric vehicles as well as battery technology. This investment will take place over the space of five years, and is part of a huge plan referred to as “Ambition 2030.”

The company plans to release a total of 15 electric vehicles by 2030, having electrified vehicles make up half of the company’s entire automobile lineup. The automobile company has stated that it will be producing 23 electrified vehicles over the next eight years, with 20 of those 23 coming in the next five years.

The company has its sights set on a market mix of 75 percent electrified vehicles in Europe, 55 percent in Japan and 40 percent in China and the United States by 2030.

The other part of that market mix would supposedly be Internal Combustion Engine (ICE) vehicles. It should be emphasized that Nissan had stated earlier in 2021 that the company planned to electrify every new vehicle that is launched in the early 2030s. In the plan, any Internal Combustion Engine vehicles available by the time would be classified as legacy models.

By 2028, Nissan will release electrified vehicles with all-solid-state batteries (ASSB) and will have had a pilot plant established in Yokohama by 2024. That particular technology boasts of advancements such as reduced periods of charging, but has not hit the market as it has been expected to.

It is also in the company’s plans to reduce the cost of battery packs to $75 per kWh (kilowatt-hour) by 2028, while also planning to reduce the cost to $68 per kWh further down the road. According to Bloomberg, that would be about half of what batteries for electrified vehicles cost as at last year. The company also hopes to be producing batteries of 130 gWh (gigawatt hours).

Nissan has also revealed four concept cars: Chill-Out, Surf-Out, Hang-Out and Max-Out. These four concepts are to give a glimpse of Nissan’s future tech with self-driving features.

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WhatsApp to Introduce New Features

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WhatsApp Launches Payments in Brazil to Push it to Other Countries 2

WhatsApp may soon be introducing new features and the features are rumoured to be launching next year, Sky News has said.

According to the news platform, the first of the new features include Instagram Reels. Although, weeks back, WhatsApp watchers, WABetaInfo, had said that WhatsApp could one day feature Instagram Reels.

“It is thought that Reels would have a dedicated space on the WhatsApp app. This could be part of Meta’s plan to merge all the big social networking apps that it owns.” The WhatsApp watcher once said.

It is also believed that no time limit on the ‘delete for everyone’ button is one of the features that is expected to be added.

One common complaint about WhatsApp is that you only get a certain amount of time to delete a message in a chat for everyone. After 68 minutes and 16 seconds, your message will be there forever and you can only delete it for yourself. This is set to change very soon.

On the other hand, there are claims that WhatsApp is working on a logout feature. The feature would be in keeping with the multi-device update as you could log out on one device but remain logged in on another. This feature has been spotted and being tested in the beta version of WhatsApp, Sky News added.

The other feature is hiding from specific contacts. You can currently hide the time you were last on WhatsApp but you can not hide it from specific contacts.

The company is said to be changing this so when you go to change your “Last Seen” settings you will see an option for “My Contacts Except”.

We are still, however, waiting for an official statement from WhatsApp.

 

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Twitter Chief Executive Officer Jack Dorsey Steps Down, Agrawal Takes Over

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Twitter CEO, Jack Dorsey has stepped down as the Chief Executive Officer (CEO) of the leading Microblogging website, the company announced in a statement published on Monday.

According to the statement, the Board of Directors of the company has appointed Parag Agrawal as the new Chief Executive Director of the company, effective immediately. However, the outgoing CEO will remain a member of the Board until the end of his term in 2022.

The Board of Directors appointed Bret Taylor to succeed Patrick Pichette as the new Chairman of the Board, while Pichette will continue to serve as chair of the Audit Committee.

The released statement noted that Agrawal, the new CEO has been with the company for more than a decade and served as Chief Technology Officer in the last four years.

“I’ve decided to leave Twitter because I believe the company is ready to move on from its founders. My trust in Parag as Twitter’s CEO is deep. His work over the past 10 years has been transformational. I’m deeply grateful for his skill, heart, and soul. It’s his time to lead,” said Dorsey.

Commenting on Twitter’s new management, Bret Taylor, Twitter’s incoming Independent Board Chair said, “On behalf of the Board, I want to thank Jack for his visionary leadership and unrelenting dedication to Twitter since its founding. Jack returned to Twitter and turned the Company around at the most critical time. The progress since then has been nothing short of incredible. Jack has given the world something invaluable and we will continue to carry it forward.”

Taylor noted, “Parag understands Twitter and appreciates the Company’s unique potential. He has been instrumental in tackling our most important priorities, including accelerating our development velocity, and I know he’ll hit the ground running to strengthen execution and deliver results. The Board has the utmost confidence in Parag.”

“I want to thank the Board for their confidence in my leadership and Jack for his continued mentorship, support, and partnership,” said Agrawal.

“I look forward to building on everything we have accomplished under Jack’s leadership and I am incredibly energized by the opportunities ahead. By continuing to improve our execution, we will deliver tremendous value for our customers and shareholders as we reshape the future of public conversation.”

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