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We’ll Use IoT to Improve Nigerian Businesses – 9mobile



  • We’ll Use IoT to Improve Nigerian Businesses – 9mobile

Telecommunication company, 9mobile, says it is working with strategic partners and other key players within the digital services ecosystem to help Nigerian businesses deliver breakthrough results through the adoption of Internet of Things.

Speaking as a panel discussant on ‘Making Internet of Things Work for Business’ at the 2018 NigeriaCom Conference in Lagos, 9mobile’s Chief Product and Information Officer, Otuyemi Otule, highlighted the benefits the IoT could bring to businesses.

He stressed that security and the people were important when trying to adopt the IoT.

Otule stated that businesses had to ensure that none of the components in their IoT network – devices and the operating software – were vulnerable.

He noted that anything capable of gathering data and transferring such to a central location where decisions were taken were potential targets for cybercriminals.

He said, “Risk could be anywhere, not just on the device but across the network, the threat landscape is ever changing, and cybercriminals are hard at work looking for loopholes. Most software developers never thought of designing security into their solutions until the rise of cybercrimes.

“Hackers can hijack your device and compromise the data transmitted; they can intercept the information you send and use it to gain valuable insights into the business or its executives’ lives. With more devices than people on the planet today and growing exponentially, the risk landscape is complex and dynamic. It is therefore important for businesses to pay attention to security as they embrace the IoT.”

Otule, who also highlighted the importance of the IoT in industries including manufacturing, health care and logistics, disclosed that the benefits of the IoT services to Nigerian enterprises included quality improvement, cost effectiveness, and speed in service delivery.

Despite the incredibly high cost of maintaining infrastructure, Otule affirmed the commitment of 9mobile and its partners to deepen investments in cutting-edge technology and innovation aimed at creating the solutions that would enable businesses and individual customers embrace the IoT securely and cost-effectively.

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


Julius Berger Diversifies into Agro-processing



Julius Berger pix

Julius Berger Steps into Agro-processing to Seize Diversification Opportunity

Julius Berger, a leading construction company in Nigeria, said its board of directors has approved a diversification opportunity for the firm in agro-processing.

The approval was done at a meeting held on September 22, the company stated in a statement filed with the Nigerian Stock Exchange on Thursday.

Julius Berger said the approval would help the company capitalised on diversification opportunities in the agro-processing industry, especially with the emerging developments in Nigeria and government ongoing reforms to make the nation self-sufficient.

The statement read in part: “We would advise the exchange and the capital market that the Board of Julius Berger at its meeting held on September 22, 2020 approved a diversification opportunity for the company in agro-processing.

“The Board of Directors and the executive management of Julius Berger strongly believes that this diversification direction would support the continued success of the group in the future and align with the strategic objective of the government to stimulate value creation in Nigeria.

However, Julius Berger reiterated its commitment to maintaining and strengthening its leadership in the nation’s construction sector.

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Some Nigerians Are Charging Ship Owners Illegal $36,000 Per Month for Secure Anchorage



Ship Aveon Offshore

Ship Owners Are Paying Illegal $36,000 Per Month for Secure Anchorage in Nigeria

Mr. Rotimi Amaechi, the Minister of Transportation, on Thursday said certain people are charging ship owners illegal $1,200 per day for secure anchorage in Nigeria.

The minister registered his displeasure with continuous patronage of illegal harbours known within the circle as secure anchorage areas.

Amaechi, who spoke at the ‘2020 World Maritime Day Celebration which held at Eko Hotel and Suites in Lagos’ said the issue was unsettling.

He said, “There is a crisis in the maritime sector. The crisis is on the issue of security.

“Today, we have a single individual partnering with the military that is collecting $1,200 to the detriment of shipping companies.

“That one individual is still managing the business with support of other institutions.”

The minister also accused stakeholders of doing nothing to these individuals, saying only the government had the right to step up secure anchorage area

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174,574 Persons Apply For COVID-19 Support Fund Within 48 Hours




Survival Fund: 174,574 Persons Apply For COVID-19 MSME Support

More Micro Small and Medium Enterprises (MSME) has applied for Federal Government financial support under the Nigeria Economic Sustainability Plan.

According to the agency in charge of the program, within 48 hours of opening the registration portal of N75 billion National Survival Fund, a total of 174,574 applications were successfully registered for both the Guaranteed Off-take Stimulus and Survival Fund schemes.

The schemes were instituted to support businesses and individuals negatively impacted by the COVID-19 pandemic.

Mariam Katagum, Minister of State for Industry, Trade and Investment, on Thursday in Abuja said as at “8.30am this (Thursday) morning, total successful registrations stood at 174,574.”

She further stated that “the following states have the highest applications as follows, Kano, 19,895; Kaduna, 13,575; Lagos, 13,640; Katsina: 8,383; Federal Capital Territory, 8,085.

Katagum said about 138,000 applications were registered within the first 24 hours of opening the portal, these applicants created profiles and completed the first stage of registration with Kano, Kaduna and Lagos emerging as lead states.

She explained that all successful applicants were sent SMS and email verification with a list of requirements for the second stage of application which would commence on October 1, 2020.

Applicants will be required to upload details supporting their applications which will be verified and if successful, approved for disbursements,” the minister stated.

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