Top Huawei executive arrest threatens China-U.S. trade truce

By Meletus EZE The daughter of Huawei’s founder, Meng Wanzhou, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States. The sensational arrest of Meng has shocked global stock markets as it threatened to inflame Sino-U.S.trade tensions afresh. The shock arrest of Meng, 46, who is Huawei Technologies Co Ltd’s Chief Financial Officer, raises fresh doubts over a 90-day truce on trade struck between Presidents Donald Trump and Xi Jinping on Saturday – the day she was detained. Her arrest, revealed…

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Deployment of 5G network will foster economic development – NCC

By Giwa SHILE Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has called for regulations and successful deployment of 5G network to foster economic development. Danbatta made the call on the side-lines of a workshop themed “Future of Industry, Driving Innovation and Growth’’ organised by Global System Mobile Association (GSMA) in collaboration with NCC in Abuja. The workshop brought together leaders from across the telecommunications industry and policymakers to discuss future regulations in the industry and push for consensus on reforms. “The telecom industry is a…

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NCC threatens to sanction erring telecom service providers

By Thompson ABISOLA The Nigeria Communication Commission (NCC), on Thursday, said it would sanction service providers who fail to abide by the regulations of the commission in dealing with their consumers. This is coming as the commission reaffirmed its commitment in protecting telecom consumers from unwholesome practices from their network providers. The NCC’s Director of Consumers Affairs Bureau, Mrs Felicia Onwuegbuchulam, gave the warning at the 44th edition of the NCC Consumers Town Hall Meeting with telecom consumers and service providers held in Oguta, Imo. Speaking on the theme; “Using Information…

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FG, AfDB mull $500m innovation fund for ICT – Osinbajo

By Thompson ABISOLA The Vice President, Prof. Yemi Osinbajo, on Monday, says that the Federal Government is working with African Development Bank (AfDB) to establish a 500-million-dollar innovation fund for technological growth. Osinbajo stated this at the opening ceremony of the 22nd African Securities Exchanges Association (ASEA) Annual General Meeting and Conference organised by Nigerian Stock Exchange (NSE) in Lagos. The vice president said that the fund was aimed at increasing the competitivenes of Nigeria’s Information and Communications Technology (ICT) industry. He added that “we are accordingly working with the…

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Samsung Electronics vows to pay compensation for ill workers by 2028

By Elizabeth ADENUGA South Korea’s Samsung Electronics on Friday vowed to compensate by 2028 its local chip and display factory workers who have suffered from work-related illnesses. The move settles a year-long dispute between the world’s top memory chipmaker and an advocacy group representing sickened workers and their families. The group intervened after the 2007 death of a Samsung chip factory worker with leukemia sparked concerns over working conditions at the South Korean company. “Our effort was insufficient to better understand the pain affected workers and their families went through,”…

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Cybercrime: Secure your accounts with authentication codes, verified websites – Expert

By Giwa SHILE Mr Emmanuel Ezenwere, an Entrepreneur and Artificial Intelligence Engineer, has advised bank customers to secure their accounts using authentication codes and verified websites to prevent cyber criminals from gaining access into their accounts. Ezenwere gave the advice on Thursday in Abuja. He was reacting to increased reports of cyber criminals hacking into customers’ accounts and stealing funds using technology that may be difficult for banks to trace how the theft actually happened. He said both banks and customers had on many occasions lost money to cyber criminals…

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Zuckerberg stands firm amid questions about Facebook leadership

By Meletus EZE Facebook chief executive Mark Zuckerberg has said he intends to remain head of the social media giant he founded in spite of calls for changes in management, local media reported on Wednesday. Zuckerberg resisted calls for changes in top management and criticism of how Facebook has handled Russian interference on its platform. He implied little is likely to change at the top of the company, answering “that’s not the plan” when asked whether he would consider stepping down. He also threw his support behind chief operating officer…

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NCC tasks telecoms operators on Code of Corporate Governance

By Olaleke ASHAFA The Nigerian Communications Commission (NCC) has called on telecommunications operators to review their governance practices to conform with the Code of Corporate Governance in the industry. The Executive Commissioner, Stakeholders Management, NCC, Mr Sunday Dare, made the call during the Annual Stakeholders’ Consultative Forum on Selected Licence Categories in Lagos on Monday. Represented by the Director, Licensing and Authorisation, NCC, Ms Funlola Akiode, Dare said that there were existing Service Level Agreements and Codes of Conduct in the telecommunications industry. He said that these Service Level Agreements…

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IBM to spend N9bn to empower youth in Nigeria, others

By Thompson ABISOLA The International Business Machines Corporation (IBM) is to spend 25 million dollars (about N9 billion) in Nigeria and some other African countries for youth empowerment in the next few years. Director, IBM Venture Capital Group, Ms Deborah Magid, stated this at the 21st Century Women and Youth in Innovation Technology themed ‘Turning Promises into Action’ held at the UN headquarters in New York. The event, organised by Silicon-Valley-Nigeria Economic Development in collaboration with Global Connection for  Women Foundation and UN Women, aimed to deepening participation in developmental…

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NCC vows to stop call masking by service providers

By Meletus EZE The Nigerian Communication Commission (NCC) has assured telecom consumers that it will stop masking of calls by service providers. The NCC Director of Consumer Affairs Bureau, Mrs Felicia Onwuegbuchulam, gave the assurance on Thursday in Ogbomoso at the 100th edition of the Consumer Outreach Programme (COP). “ With respect to Call Masking/Refilling, the commission is working seriously to abate the menace of this ugly development,” she said. According to the director, the commission will also deploy appropriate technology as a strategy to combat the menace. Onwuegbuchulam added that…

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