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Operators Hasten Migration to X-Cloud Infrastructure

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Capital market solutions providers have set May ending as target to migrate to Nigeria Stock Exchange (NSE) own X-Cloud infrastructure, a hosting platform aimed at improving processes at the exchange, Nigeria CommunicationsWeek has learnt.

X-Cloud infrastructure is a new line of business that the Nigeria Stock Exchange have introduced where they offer tier 111 data centre that involves hosting of stock brokers business solutions such as cloud integra among others that drives their business.

Amos Emmanuel, managing director, Programos Software, a major capital market solutions provider, said that though, there is no regulatory directive on deadline for the migration, operators have seen the need and benefits of the infrastructure.

“Every capital market solutions provider has been advised to migrate to X-Cloud hosting platform or use another hosting platform that is within the shores of Nigeria. In the entire analysis, it better for us to migrate. Before now, Programos was hosting our business solutions for the capital market brokers outside the country, because of this X-Cloud infrastructure we have to bring them back to the country, to this end, we are releasing them back to the remote companies in the USA by the end of this month,” he said.

He added that X-Cloud is that online service that will enable investors on the Nigeria Stock Exchange to be able to have a technology platform that gives 24X7 access to services as against the era when stock brokers were operating from a lock-up server in their offices or a server room that are shoot down after the day’s work.

“With X-Cloud infrastructure which offers 24hours service stock brokers’ business run continuously which gives them peace of mind to face their core business,” he said.

He explained that some of the advantages of the platform includes saving of foreign exchange  “brokers solutions before now were being hosted in the United States, what this means is that data and processes were run from far remote countries interacting with the exchange here. This makes things a lot slower, but with X-Cloud there is low or nothing like data latency.

“It guarantee data sovereignty which means that Nigerian data resides in Nigeria as against keeping the country’s financial data outside of the country. These are the key benefits of X-Cloud host platform which means a lot of sense,” he noted.

Mohammed Rudman, managing director, Internet Exchange Point of Nigeria (IXPN), an advocate of keeping local content local commended the effort of NSE in X-Cloud which is aimed at keeping local content local.

“Since this system is geared towards hosting local content of the operators in the capital market local, it should be encourage and supported by players as it will save the country foreign exchange as well as create employment for Nigerians.”

He however, urged NSE and operators of the data centre to route their traffic through the Internet Exchange Point of Nigeria to ensure that local through are also made local.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

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Noble Ajuonu, head, Sydani Technologies Ltd., has urged the Federal Government to harmonise National Identification Number (NIN) and Bank Verification Number (BVN) to tackle crimes and insecurity in the country.

Expert Urges FG to Harmonise NIN, BVN to Tackle Crimes

Ajuonu made the call at a media roundtable, organised by Sydani Group in Abuja.

The News Agency of Nigeria (NAN) reports that the roundtable focuses on driving sustainability through a comprehensive analysis of Nigeria’s key development areas.

Ajuonu said that Nigeria could overcome its security challenges and pave the way for a safer, more secure future for all Nigerians by embracing technology and implementing practical solutions,

“We need to harmonise data, prioritise seamless integration of databases like NIN, BVN, and security agency records, establish clear protocols for data sharing and access, with robust safeguards against misuse,’’ expert said.

According to him, the unified data pool will empower intelligence gathering and targeted operations.

He also called for investments in smart surveillance, intelligent video analytics software, training of personnel in data analysis, interpretation of data in real-time to combat crimes.

“There is need to implement a legal framework for call interception in criminal investigations, with strict oversight to prevent abuse, encourage community cohesion, training of tech savvy security personnel with tech-enabled tools.’’

Ajuonu also urged the government to address infrastructure deficit in technology, saying that technology was all encompassing to address insecurity.

“According to the National Identity Management Commission (NIMC), as of December 2023, only 104.2 million Nigerians had been enrolled for the National Identity Number (NIN).’’

Ajuonu added that over 122.2 million citizens left uncaptured for NIN were people in rural areas where enrolment centres, digital services were limited.

“Most crimes are being perpetuated from rural communities and this lack of comprehensive identification creates a gap where elements not captured in the national database can constitute public nuisance, crimes.

“There is the inadequacy in the integration of NIN, BVN and Voters Identification Number (VIN).

“Advanced call interception and analysis tools, used successfully in other countries, could provide invaluable insights into criminal networks and operations but infrastructure is lacking,’’ he said.

Also, Mr Godfrey Petgrave, the Agricultural Expert, Sydani Group, called for empowerment of smallholder farmers with access to finance and training to enhance productivity.

According to Petgrave, Nigeria requires policy reform and institutional strengthening to improve agricultural practices and embrace digital agriculture solutions to address food insecurity.

Mr Akolade Jimoh, another expert of the group on health, advocated for expanded community-based health insurance programmes for rural and underserved areas.

Jimoh added that the country needed to encourage Public Private Partnership to revolutionise products design and quality improvement on health services.


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Konga launches Infinix Brand Week with Incredible Deals

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Konga, Nigeria’s leading composite e-commerce group, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers on select smartphones, marking an exciting milestone in the realm of online shopping.

Shoppers can expect nothing short of extraordinary deals on a wide range of Infinix products, all available exclusively on the Konga online platform. With discounts of up to 30% off, this partnership between Konga and Infinix aims to redefine the shopping experience for tech enthusiasts across Nigeria.

Konga Brand Week has become synonymous with excitement and unbeatable deals, and this year’s edition is no exception. In addition to exclusive discounts on Infinix smartphones, shoppers can explore a diverse array of products across various categories, including electronics, fashion, home essentials, and more.

“At Konga, we are dedicated to providing our customers with the best shopping experience possible,” said Rita Ohaedoghasi, VP Marketing at Konga. “The Infinix Week during Konga Brand Week allows us to continue delivering on that promise by offering incredible discounts and special offers on some of the most sought-after smartphones in the market.”

To stay updated on the latest developments and exclusive deals during Konga Brand Week, shoppers are encouraged to connect with Konga across all platforms, including social media and the Konga website. Don’t miss out on this opportunity to score big savings and elevate your tech game with Infinix and Konga.


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Study Reveals Software Programmers to make Full Use of AI Code Assistants

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Gartner predicts that by 2028, 75 percent of enterprise software engineers will use Artificial Intelligence (AI) code assistants, up from less than 10 percent, currently.

According to a Gartner poll of 598 global respondents conducted in the third quarter of 2023, 63 percent of organisations are now testing, deploying, or have previously implemented AI code assistants.

AI code assistants provide for more capabilities than only code development and completion, notes the research firm.

According to Gartner, the use of AI code assistants can lead to higher work satisfaction and retention, resulting in lower turnover costs.

Philip Walsh, senior principal analyst at Gartner, comments: “Software engineering leaders must determine ROI and build a business case as they scale their rollouts of AI code assistants.

“However, traditional ROI frameworks steer engineering leaders toward metrics centred on cost reduction. This narrow perspective fails to capture the full value of AI code assistants.”

Gartner notes that software engineering leaders must “reframe the ROI conversation from cost reduction to value generations”.

Walsh adds: “Calculating time savings on code generation is a good place to begin building a more robust value story. To convey the full enterprise value story for AI code assistants, software engineering leaders should connect value enablers to impacts, and then analyse the overall return to the organisation.”

 


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