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Programos Expands Capital Market Presence with CiFIXProStock Trading Software‎

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Programos Software Group, an indigenous software company with expertise in the computerization of business transactions in the capital markets in Africa, notably Nigeria and Ghana is strengthening its presence once again with the introduction of two products: CloudIntegra Back-Office Investment Software and  CiFIXPro Orders Management System (OMS) Stock Trading Terminal software.

The CiFIXPro EMS/OMS assumed an international status, having made a bullish return with Programos Software’s FIX Trading Community member partners, Fidel Softech Pvt, India outsourced to power the product.

CiFIXProOMS exhibits features of connecting stock traders with the active stock exchange markets of any country over Financial Information eXchange (FIX) 5.0 Sp1 language interface which allow booked, modified and cancelled orders of equity or debt instrument market boards get routed to the exchange FIX engines.

CiFIXProOMS receives trade executions from the exchange along with related market data for market watch, Analytics, News and automatic trade data processing to back-office with notification system to investors.

According to Amos Emmanuel, chief executive officer of Programos Software Group and the 1st Vice President Information Technology Association of Nigeria, ITAN, the CiFIXProOM SStock Trading solution comprises of Orders/Trades Manager, Risk Management System (RMS), Market Data Manager, OMS-EMS Communication Channel, and Back-End Management System that integrates seamlessly with the back-office CloudIntegra Software.

‎He explained that the related technology solutions will protect the investors by ensuring an inclusive portfolio management, which permits openness in transparency, loss salvaging and optimal return boosting in the face of common market risks and turbulence that have made many run away from the capital markets.

Amos further emphasized that the new technologies being deployed by numerous stockbrokers in the country, both novice and expert investors can return to the market as they have better chances now.

Given high cost of technologies, and severe present-day risks of sharing OMS infrastructure to operators in an unreliablebroadband service environment, coupled with demerits from corporate governance concerns, Programos Software,a firm who has groomed the Nigeria and Ghanaian Capital Markets the longest, has appointed a marketing outfit to execute its new pay-as-you-go sales model to qualifying firms especially existing customers on old version with terms ranging from one to two years of monthly rentals with such small costs as values for renewing internet subscriptions for medium sizedorganizations.

Also speaking,  Michael Attah, head of Technical Support Services at Programos said with the CloudIntegra-CiFIXPro, stockbroker and  investor’s confidence will be boosted by the satisfaction they will derive from these technologies.

He added that the capital market stability and growth are now being powered globally by innovative e-contents.

“CloudIntegra and CiFIXPro products have been planned to offer positive impact on the growth for the capital market operators in line with global Stock Exchange minimum operating standards,” he said.


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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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E-Business

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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