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Nokia Highlights Benefits of 5G, Cloud, Others

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Nokia said it had demonstrated its latest innovations to telecoms operators, government departments, enterprises, and business partners to help build smart cities with the Internet of Things and critical communications network for public safety.

According to the company, it aims to ensure an excellent mobile broadband customer experience for the subscribers in Nigeria, adding that the demonstrations include the IoT, public safety network, IP back-haul network and 4G.

It said customers had the opportunity to experience the future of technology, and learn how they could benefit from the best end-user experience in high-quality and secure networks shaping the future into the ‘superfast broadband’ and the IoT.

The Market Unit Head, Central East and West Africa, Daniel Jaeger, was quoted in a statement as saying that the showcase included live demonstrations with state-of-the-art software, hardware and services for any type of network.

He said, ˝The new Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the lcoud and the Internet of Things.”

“Nokia connects people from around the world, and we have developed some of the world’s most advanced networks by constantly adding value to this infrastructure and customers will be able to experience and learn how networks are changing the way we live, move, work and how you can maximise the opportunities this will bring.”

The Country Senior Officer in Nigeria, Nokia, Richard Edet, described Nigeria as an important market for Nokia, saying, “This is the first innovation road show Nokia brings to Nigeria for the country’s socio-economic benefits.

“We see this as an opportunity for the Nigerian ICT market to benefit from our state-of-the-art technologies and concepts to transform telecom networks to be more dynamic, agile and evolving.”

to the statement, the series of technology road shows in Africa were designed according to the different market needs to meet the growing demand for data-intensive applications, and prepare for the next wave of network development, including cloud, IoT and ultra-broadband networks.

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 long experience in the global financial market.

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FG Vows to Halve Internet Cost by 2025

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The Federal Government has vowed to half the cost of data and Internet services by 2025.

The Minister of Communications and Digital Economy, Dr Isa Pantami, who made the in Abuja, also stated that the high cost of data for mobile communications was due to vandalism of ICT infrastructure and Right-of-Way concerns.

Pantami stated that with the broadband penetration drive of his ministry, the cost of data would be reduced by more than 50 per cent by 2025.

He also said that the government planned to commence digital skills training for farmers, residents of rural areas and other beneficiaries.

According to him, this was part of the moves aimed at making Nigeria’s economy fully digitalised.

Pantami said that his ministry had interfaced with state governors on the cost and other concerns associated with Right-of-Way for ICT infrastructure, adding that this had led to cost reduction.

The minister, who spoke during a training for journalists organised by his ministry and the National Information Technology Development Agency, also noted that the military had been providing support in terms of security for ICT infrastructure.

The minister said, “We are making efforts to cut down the cost of data. Our target is for 180 million Nigerians to have access to broadband by 2025.

“In our drive to make Nigeria a digital economy, we will organise digital skills training for farmers, for people living in rural areas who can read and write, as well as others.”

He said the government was also working on a policy that would promote those who have skills in the ICT sector than others who only own certificates but lack requisite skills.

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86 Percent of Nigerian Companies Experience Cloud Incident in 2019

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86 Percent of Nigerian Firms Suffer Cloud Incident in 2019

A new report has shown that 86 percent of Nigerian companies fell victim to cybercrime in 2019.

In the report titled ‘The State of Cloud Security 2020’ and put together by Sophos, a cyber-security firm, 43 percent of the security incident were malware-related attacks while 34 percent were ransomware.

Accordingly, exposed data were put at 57 percent, compromised accounts at 46 percent and cryptojacking at 26 percent.

Globally, the report said organisation running multi-cloud environments have more than 50 percent chance of suffering a cloud security incident than those running a single cloud.

However, organisation in Euro-area suffered the lowest percentage of security-related incidents in the cloud, suggesting that high compliance levels with General Data Protection Regulation (GDPR) helped limit cloud-related incidents in the region.

Speaking on the report, Chester Wisniewski, a Principal Research Scientist, Sophos, said: “Ransomware, not surprisingly, is one of the most widely reported cybercrimes in the public cloud. The most successful ransomware attacks include data in the public cloud, according to the State of Ransomware 2020 report, and attackers are shifting their methods to target cloud environments that cripple necessary infrastructure and increase the likelihood of payment.

“The recent increase in remote working provides extra motivation to disable cloud infrastructure that is being relied on more than ever, so it’s worrisome that many organisations still don’t understand their responsibility in securing cloud data and workloads. Cloud security is a shared responsibility, and organisations need to carefully manage and monitor cloud environments in order to stay one step ahead of determined attackers.”

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Jeff Bezos Sets a New Record as Net Worth Hits $172bn

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Jeff Bezos

Jeff Bezos Breaks His Own Record, Now Worth $172bn

Jeff Bezos, the Chief Executive Officer and Founder of Amazon Inc, on Wednesday broke his own record to set a new all-time record of $172 billion net worth.

Bezos’s previous record was $167.7 billion attained in September 2018. However, the billionaire broke the record on Wednesday after Amazon shares gained 4.4 percent to close at $2,878.80 per share.

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This is despite the billionaire parting with 19.7 million Amazon shares in July 2019 as part of his divorce settlement to his wife, Mackenzie Bezos.

Mackenzie Bezos’s 19.7 million shares now worth around $56.9 billion, making her the second richest woman and the thirteenth richest person in the world.

Jeff Bezos’s net worth has now risen by $57.4 billion from the year-to-date, according to Bloomberg Billionaire Index.

Jeff bezos Net worth

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