- ‘Solar-powered Cars for Nigerians by 2018’
A memorandum of Understanding (MoU) has been signed by a firm, Oldang International Limited, with Chinese companies, Halkoff Logistics and Hornson Development Limited, to produce solar and electric powered vehicles in Nigeria.
Oldang electric and solar powered vehicle is an automobile propelled by one or more electric motors, using electrical energy stored in rechargeable batteries or another energy storage device.
At the signing of the MoU in Lagos yesterday, the Managing Director, Oldang International Limited, Olubunmi Oluwadare, said that the project, which will kick start January next year, could produce up to 150 solar vehicles per day.
The Sokoto State government meanwhile has begun connecting a number of rural households with solar energy.A statement by Mallam Imam Imam, spokesman to Governor Aminu Waziri Tambuwal, said a pilot scheme had already started in Kurdula, Balle town, in Gudu local government area of the state.
The statement quoted the Special Adviser to Tambuwal on Public Private Partnership, Bashir Gidado, as saying the project is a four-party partnership between the state government, the Nigeria Energy Support Project (NESP), GIZ of Germany and GoSolar.
With a target to generate over 50,000 direct and indirect jobs for Nigerians, Oluwadare noted that the project, in its first phase, was projecting sales of up to 100,000 solar and electric vehicles in 2018.
“What we are doing now is that we want the value chain to create employment opportunities, which is very key to what we are doing. The machines are coming from China while the time frame will be three months. What we are trying to do is that the first phase should start immediately, meaning that the other parts, like the battery section and the solar panel section, will start coming. We are likely going to take off by January 2018.
“The first phase will create 550 jobs. Indirectly, it will create 50,000 jobs because we have people that are going to operate the charging stations, the repairs, the dealership, sales and those along the value chain.”
Asked if it would send the popular tricycle operators out of the market, he said: “We are not fighting or competing with anybody. We are looking at how we can reduce emission and fare, which is key. It will also reduce accidents on the road because doors are attached. Definitely and gradually, a lot of people will go for the best option.”
Non-Executive Director of Oldang, Mohammed Dangote, said the project would create change in the transportation system through the use of natural resources and reduced cost of transportation.
“I believe this will show the masses that government is really working to make a safer, cleaner and healthier Nigeria. A project like this will literally open eyes that it is possible to go for change that will not cost a lot of money.”
Newly Founded Cybersecurity Startups Raise Over $31m in 2020
Cybersecurity Startups Raise Over $31m in 2020
According to data presented by the Atlas VPN team, there are 78 new cybersecurity companies founded in 2020 that cumulatively have raised over $31.6 million in funding year-to-date.
Only 15% of cybersecurity startups launched in 2020 secured funding. However, three companies alone collected nearly 96% ($30.3 million) of the total amount of investments.
The startup that scored the most significant investment is Beyond. It secured a total of $21 million in February of 2020, which accounts for more than 66% of total investments into newly launched cybersecurity startups this year.
A cybersecurity company with the second biggest investment is Sevco Security, which raised over $6.7 million in May of 2020.
Also, in the list of top three cybersecurity startups in terms of funding is Soc.OS. It received more than $2.5 million in investments in July this year.
Most of this year’s cybersecurity companies are from North America or particularly the US. They make up nearly 35% (27) of all the cybersecurity startups launched in 2020.
A number of new cybersecurity startups is shrinking each year
While the amount of cyber incidents is increasing and cyberattacks are becoming more sophisticated, the number of new cybersecurity startups is declining each year.
Historical data shows that in 2015 there were 490 cybersecurity companies launched. Together the startups raised over $3.1 billion in investments.
The year of 2016 saw a slightly smaller number of new cybersecurity companies. The launch of new startups in the cybersecurity field decreased by 0.8%, with 486 startups launched that year. The total amount of funding allocated to those startups, however, dropped in half, from $3.1 billion to $1.6 billion.
In 2017 the number of new cybersecurity startups plummeted again by 0.8%. There were 482 cybersecurity companies founded that year, which raised more than $1.3 billion in total — 17% less than in 2016.
The number of new cybersecurity startups dropped by more than a fifth in 2018 compared to the year before. A total of 382 cybersecurity companies were launched that year, which collected over $847 million in investments. The amount of funds invested in the cybersecurity startups also dropped by 35% compared to 2017.
Last year saw a 46% decrease in the launch of new cybersecurity startups. There were 207 these types of companies founded. Together they raised close to $229.5 million in investments — 73% less than the year before.
Finally, this year’s cybersecurity market has welcomed 78 newcomers — the number has shrunk by 62% compared to last year. However, 2020 is not over yet; hence we can expect the numbers of cybersecurity companies to increase slightly.
Nintendo DS Dominates North America and Japan Selling Over 90 Million Units
Nintendo DS Sells 90 Million Units North America and Japan
Data presented by Safe Betting Sites shows that Nintendo DS has dominated sales in North America and Japan with a total of 90.4 million units sold. About 57.3 million Nintendo DS units had been sold in North America while in Japan the figure stands at 33.01 million units.
PlayStation 2 highest selling console globally
As of September 2020, in North America, PlayStation 2 has sold the second-highest number of units at 53.65 million units sold. Xbox 360 is third with 49.11 million units followed by Nintendo Wii at 45.51 million while Game Boy is fifth with 43.18 million units.
Other high selling consoles include PlayStation(40.78 million), Game Boy Advance(40.39 million), PlayStation 4(37.36 million), Nintendo ES(33.49 million), Xbox One (31.39 million)
In Japan, Game Boy has the second highway selling units at 32.47 million followed by Nintendo 3DS at 24.62 million. PlayStation 2has sold 23.18 million units while PlayStation is fifth with 21.59 million units sold.
Other high selling consoles include PlayStation Portable(20.01 million), Nintendo ES(19.35 million), SNES (17.17 million), Game Boy(16.96 million), and Nintendo Switch(15.17 million).
The research highlights the evolution of the gaming industry. According to the research report:
Overall, the video games market has witnessed significant spending over recent years. However, the emergence of low-cost games for mobile devices has slowed demand for video game consoles. The industry has experienced almost a complete overhaul of how games are purchased, played, and shared with others. The industry’s shift to online services has served to insulate the industry from shocks to retail and manufacturing channels.
The Safe Betting Sites research also reviewed the highest selling consoles globally. PlayStation 2 holds the pole position with 157.68 million units followed by Nintendo DS at 154.9 million. In the third spot, Game Boy has sold 118.69 million units followed by PlayStation 4 at 113.3 million units. Wii is fifth with 101.64 million units sold.
Top 10 iOS Game Apps Record Over 190k Daily Installs in the US
10 iOS Game Apps Record Over 190k Daily Download in US
Data presented by Stock Apps indicates that the top ten games apps on iOS in the United States recorded an estimated 190,385 cumulative daily installs. The installs areas of as of September 23, 2020.
Pandemic spurs mobile gaming growth
Clash of Clans ranks top with about 21,667 daily installs. Pokémon GO has the second-highest installs at 21,346 followed by Coin Master with 20,824 daily installs. Among Us and Candy Crush Saga occupy the fourth and fifth spots at 19,890 and 18,898 respectively.
Other notable isntalls were recorded by Call of Duty(18,771), Homescapes(18,046), Roblox(17,040), Gardenscapes (16,948) and Toon Blast (16,864)
The research also overviewed the gross revenue for the day for the ranked games. Cumulatively, the games generated $9.75 million. Roblox leads with $2.48 million followed by Pokémon GO at $1.92 million while Candy Crush comes third at $1.86 million. Coin Master is fourth with a revenue of $978,273 while Homescapes closes the top five categories with $865,142.
Other game apps to generate significant revenue include Gardenscapes(16,948), Clash of Clans(21,667), Toon Blast(16,864), Call of Duty (18,771)and Among Us(19,890).
This has witnessed the growth of mobile gaming due to various factors. According to the research report:
The daily installs and revenue can be considered high having built on the moment established during the coronavirus pandemic. At the peak of the health crisis, most people were in lockdown and shifted to mobile games as a means of passing time. Notably, before the pandemic, mobile gaming on iOS and other platforms was growing rapidly. iOS game developer companies have been investing more resources into creating new games and mobile versions of well-known stationary games.”
The penetration of mobile devices is further expected to spur growth.
Business2 months ago
Nneka Ede Purchases Portuguese Football Club, Lusitano Ginasio Clube
News3 months ago
British High Commission to Start Accepting Visa Applications From Nigerians Soon
Business3 months ago
Seplat Appoints Emeka Onwuka as CFO, Executive Director
Forex3 months ago
Naira-USD Exchange Rate to Hit N430 – Report
Finance3 months ago
DSS Arrests EFCC, Acting Chairman, Magu
Government3 months ago
FG Puts School Resumption Plan on Hold as COVID-19 Cases Hit 30,000
Forex3 months ago
Naira Declines Against Pound, Euro After Devaluation
Business3 months ago
TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall