Heritage Bank partners Silverbird to empower young creative Nigerians

Heritage Bank partners Silverbird to empower young creative Nigerians

L-R: Certificate recipients of Ynsprye Project- Oluwasegun Ikoya; Deborah Johnson; Ozena Utulu, Head, Brand Management and Sustainability Heritage Bank; Fela Ibidapo, Divisional Head, Corporate Communications; Uchenna Mike Olisa, Head Product Development, Heritage Bank; other recipients- DerrickUgwuegbu; Ayomide Soloja and Abayomi Bello, during the graduation and Certificate presentation to the  1st batch of Project Ynspyre graduates, as the bank partners Silverbird Group in Lagos.   Heritage Bank partners Silverbird to empower young creative Nigerians   … Train 1st batch of Ynspyre Project   Heritage Bank Plc has joined forces with Silverbird…

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Samsung Notes App passes 1 billion installs on Play Store

Samsung Notes App passes 1 billion installs on Play Store

Samsung Notes App passes 1 billion installs on Play Store     South Korean tech giant’s Samsung Notes has been downloaded more than one billion times on Google Play Store. Samsung Notes allows users to create new notes, view, edit and sync notes with other Galaxy devices. As with many other Samsung Apps, Notes is only compatible with Samsung devices, Android Police reported. Samsung Notes is like having a handy notebook on phone. Users can write digital or handwritten notes whenever they get an idea and save them for later.…

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UAE to get 3 Amazon Web Services data centres in 2022

UAE to get 3 Amazon Web Services data centres in 2022

UAE to get 3 Amazon Web Services data centres in 2022   Amazon.com Inc revealed on Wednesday that its cloud service unit will launch three data centres in the first half of 2022 in the United Arab Emirates (UAE). Amazon Web Services (AWS) opened its first Middle East data centres in neighbouring Bahrain in 2019. The Abu Dhabi Investment Office (ADIO) said the deal was part of its efforts to attract investments that build technology capabilities and accelerate innovation. Amazon Web Services (AWS) is a subsidiary of Amazon providing on-demand cloud…

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Africa Specialty Risks launches Parametric Underwriting Division

launches Parametric Underwriting Division

Africa Specialty Risks launches Parametric Underwriting Division     Africa Specialty Risks (ASR), the pan-African focused managing general agent, announced the launch of its parametric division, alongside the appointment of Dr. Raveem Ismail as head of Parametric Underwriting and Ian Bishop as Parametric Product manager. ASR Parametric brings together underwriting, technology and analytical expertise to offer innovative risk solutions. Cover will be provided for both direct and indirect loss, with no requirement for property damage. Using technology enabled triggers to provide the most precise coverages, ASR will work with insureds…

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Uber, Bolt, other rideshare operators to see global revenue hit $12.4bn by 2022

rideshare operators to see global revenue hit $12.4bn by 2022

Uber, Bolt, rideshare operators to see global revenue hit $12.4bn by 2022   After the pandemic blow that threw the global ride-sharing industry off balance in 2020 because of restricted movements, the industry has been projected to recover and surpass its pre-pandemic level this year and sustain uptrend in 2022. In 2021 the global ride-sharing market is expected to bounce back by more than 27 per cent and generate $9.37 billion, whereas, the industry is expected to surpass pre-pandemic levels by 2022 when it is projected to generate $12.39 billion…

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WhatsApp drags India to court over disclosure rules

WhatsApp drags India to court over disclosure rules

WhatsApp drags India to court over disclosure rules   Agency Report   WhatsApp has filed a lawsuit in Delhi against the Indian government seeking to block regulations coming into force on Wednesday that experts say would compel the California-based Facebook unit to break privacy protections, sources said. The case, described to Reuters by people familiar with it, asks the Delhi high court to declare that one of the new rules is a violation of privacy rights in India’s constitution since it requires social media companies to identify the “first originator of…

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Oil rises on bullish API inventory report

Brent price surpasses $74 per barrel

Oil rises on bullish API inventory report     The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 439,000 barrels for the week ending May 21. Analysts had predicted a draw of 1.050 million barrels for the week. In the previous week, the API reported a modest build in oil inventories of 620,000 barrels after analysts had predicted a larger build of 1.680 million barrels. Since the start of 2020, crude oil inventories have grown by more than 50 million barrels, according to API data. Oil prices started…

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Crypto miners succumb to pressure to cut energy use

Crypto miners succumb to pressure to cut energy use

Crypto miners succumb to pressure to cut energy use   Bitcoin miners in North America have agreed to form the Bitcoin Mining Council to promote energy usage transparency and accelerate sustainability initiatives worldwide. This move was spearheaded by Elon Musk, and hosted by Microstrategy CEO Michael Saylor. Musk tweeted, “Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising.” Saylor tweeted, “Yesterday I was pleased to host a meeting between Elon Musk and the leading…

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FG moves to tame $2.6bn annual forex outflow by telcos

FG moves to tame $2.6bn annual forex outflow by telcos

FG moves to tame $2.6bn annual forex outflow by telcos     The federal government has shown concern to tame the annual outflow of foreign exchange for the telecommunications sector, estimated at $2.6 billion annually. The government will reduce forex demands of the operators by promoting competitive indigenous solutions via the National Policy for the Promotion of Indigenous Content in the Nigerian Telecommunications Sector, recently launched by Isa Pantami, the minister of communication and digital economy. According to the policy document, the telecommunication sector spends $750 million on CAPEX projects,…

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Air transport’s contribution to GDP slumps by 11.8%

Air transport’s contribution to GDP slumps by 11.8%

Air transport’s contribution to GDP slumps by 11.8%   Air transport’s contribution to Gross Domestic Product (GDP) for the first quarter of 2021 sunk by 11.78 per cent. A quarterly report published by the National Bureau of Statistics on Sunday showed that air transport under services GDP contracted by 11.78 per cent compared to 51.69 per cent in the last quarter of 2020. According to the NBS, air transport GDP for the first quarter of 2020 contracted by 5.68 per cent. Experts have attributed the slump in the quarterly report…

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