Connect with us

News

SAP Africa Takes Code Week to Northern Nigeria

Published

on

Kindly share this post

SAP Africa Code Week (ACW) has collaborated with Niger and Taraba state government in Northern Nigeria to bring digital skills training to teachers in the region for the first time.

According to a statement from the company, between 19 and 23 August, a total of 438 teachers were trained in three locations in Niger State, namely Minna, Bida and Kotangora and 269 teachers trained in Taraba State between 27 and 30 August.

The ACW events in the region immediately followed a five-day capacity building program that was organised by Nigeria’s Federal Ministry of Education in Lagos.

Facilitated by local NGO Coderina, a key partner with the FMoE in the area of digital literacy, coding and robotics, this training took place between 5 and 9 August for 228 teachers from Federal Government Schools.

Ayo Omolola, Deputy Director Technology and Science Education (TSE) of Education at the Federal Ministry of Education, representing the Director TSE, said: “Preparing our youth for the Fourth Industrial Revolution will require a concerted effort by the public and private sectors to bring more youth into the digital fold. And it all starts with our teachers, who will inspire and train a new generation of workers that will drive the country’s economy over the coming decades.”

Organisers point out that literacy rates, especially in rural areas of the West African country, remain low.

They cite a 2017 study which claims that only 51% of men and 34% of women living in Nigeria’s rural areas have basic literacy. In Niger State, nearly 90% of the population depend on agriculture for their livelihoods, and the use of technology in classrooms is severely limited.

The same report found that nearly half (46%) of all work activities in Nigeria are susceptible to automation.

Claire Gillissen-Duval, Director of EMEA Corporate Social Responsibility and Africa Code Week Global Lead at SAP, said that public-private partnerships are key to building digital skills training capacity across Africa: “The Africa Code Week Train-the-Trainer program is designed to equip teachers with the skills and tools they need to prepare the continent’s growing youth population for the future workforce, and also trigger their enthusiasm and excitement over the possibilities offered to them by the Fourth Industrial Revolution.”


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

News

FG Launches Amnesty to Allow Deposits of Forex outside Banking System

Published

on

Kindly share this post

Federal government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny.

FG Launches Amnesty to Allow Deposits of Forex outside Banking System

Nigerians have nine-month deadline to do this according to Wale Edun, minister of Finance and coordinating minister of the Economy.

Edun who spoke after the Thursday’s National Economic Council (NEC) meeting in Abuja, said that “there will be no penalty; there will be no taxes, and there will be no questions.”

“There is going to be a release today, details by the federal government through the Ministry of Finance, in conjunction with the Central Bank, a programme, starting today, 31st of October, and lasting nine months, that will allow people to bring in cash that is outside the banking system.

“So therefore it is unsafe, it is unsecure and it is outside of legal limits. They will allowed forbearance to bring dollars cash. Let me emphasize once again, it is to bring dollars that they are holding outside the system to be able to bring them in and credit it to their bank accounts, as long as it is not proceeds of crime, illicit money.

“They just meet the normal ‘Know Your Customer’ criteria of banks and they have an opportunity to bring in those funds, make them safe, make them secure, and make them available through normal, economic activity.”

The minister also stated that 25 million Nigerians have benefitted from federal social protection initiatives, including digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas initiatives.

 

 

 

 

 

 

 


Kindly share this post
Continue Reading

News

NAICOM Sacks African Alliance Insurance Board

Published

on

Kindly share this post

The National Insurance Commission, (NAICOM), on Wednesday, sacked the board of African Alliance Insurance Plc with effect from October 30, 2024.

The Commissioner for Insurance, Mr. Segun Omosehin, disclosed this during a press conference in its Lagos office, that an interim board and management have be appointed.

The new interim board are: Dr Haruna Mustafar, a former director at Central Bank of Nigeria; Anthony Achebe – Non-Executive and Haj. Halimatu M. Khabeeb – Non-Executive Director.

The management team is led by former Managing Director of International Energy Insurance and Cornerstone Insurance Plc, Jacob Erabor, as Managing Director/ CEO; Wasiu Amao – Executive Director, Technical and Ms. Oremeyi Longe – Executive Director, Finance.

He noted that the interim management has up to one year to turn around the company.

He said the decision follows an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants under the company.

The Interim Management Board, according to him will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms.

While noting that the Commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimise disruption and ensure continuity.

”The objective of this takeover is to protect the interests of African Alliance Insurance Plc’s annuitants, policyholders, other stakeholders, and the broader insurance industry while ensuring the company’s return to stability and compliance.

“The Commission is committed to maintaining the stability and integrity of the Nigerian insurance industry. Our actions today demonstrate our resolve to address concerns and protect the annuitants, policyholders and public interest.”

 


Kindly share this post
Continue Reading

News

EFCC Arrests 4 Suspected Bank Hackers in Abuja

Published

on

Kindly share this post

Economic and Financial Crimes Commission (EFCC) has arrested four suspected bank hackers in Abuja for alleged conspiracy, unauthorized access to banks’ computer systems and fraudulent withdrawal of depositors’ funds.

EFCC Arrests 4 Suspected Bank Hackers in Abuja

The suspects are Chima Anthony Nwigwe, suspected leader of the hacking syndicate alongside three others: Effiong Victor Emmanuel, Mohammed Bello Mahmud, the managing director, Downstone Ultimate Limited, and Daminan Ali.

Dele Oyewale, spokesperson, EFCC, said in a statement on Tuesday, that the suspects were arrested in a sting operation in Abuja following actionable intelligence about their suspected involvement in hacking, compromising databases of commercial banks, thereby causing fraudulent transfers and withdrawals through different digital platforms.

He also noted that the suspects would be charged to court upon conclusion of investigations.

 

 

 


Kindly share this post
Continue Reading

Trending