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Covenant University Honours New Horizon’s MD, Others

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Covenant University, has honoured ten outstanding Nigerians from various walks of Life for their immense contribution to the growth of human capacity and ICT development in Nigeria in particular and Africa as a whole, during its tenth anniversary celebrations held recently at Ota Ogun State.

One of the winners of the prestigious award was Mr. Tim Akano, MD/CEO, New Horizons Nigeria who was honoured by the University for his  pioneering role in being the first to integrate ICT International certification based training into the university academic curricula in Nigeria.

The programme has now been adopted by the Federal Government and  has produced thousands of competent and internationally certified IT Professionals from undergraduates of Covenant university, thereby making the gradates of the university to become toast of employers in the Nigeria highly competitive labour market.

Covenant University has, therefore, partly on account of the excellent performance of its graduates in IT-related activities been consistently recognized as the leading IT-Driven University in Africa for the past half a decade.

According to Covenant University, “the award is in recognition of New Horizons’ partnership with the University in raising graduates with ICT-savvy skills and certifications for the global market as well as connection to the core values and ethos of Covenant University.”

Akano while receiving the award pledged not to relent in bringing innovative products and solutions that will make Nigeria and Africa become the first outsourcing destination for IT-Professionals in the world in the next ten years.

He emphasized the need for Nigeria and Africa to exploit the opportunity of ‘’Virtual Alien’’, i.e. producing competent local skilful Labour Force in ICT that will work for companies abroad while staying in Nigeria and earn hard foreign currencies through the use of modern technology.

Akano also brought to the notice of the guests that one big challenge facing Nigeria today which has never been mentioned by the Government is what he calls ‘Cyber Apartheid’ that is  a situation where Nigerians are not allowed to participate in certain on -line transactions because of the sin of the few bad eggs in the country that is now visited on the whole nation by the International Community.

For this ‘Cyber Apartheid’ to be abolished, Akano suggested the massive deployment of technology in fighting Cyber threats and cyber terrorism and the immediate passage of Cyber law for the country by the National Assembly.

It will be recalled that this is the second time Akano will be honoured for outstanding service to Nigeria and Africa by Covenant University.

The first time was two years ago when he was honoured as an outstanding Technoprenure by the university. In the last 2 years Akano has received dozens of national and international awards including Chief Educator of the year from EC-Council Worldwide in Miami, USA, 50 most outstanding Citizens of Osun Sate and Top 50 Alumnus of Obafemi Awolowo University by Nigerian Tribune, ICT Personality of the year by ICT Africa and Arch of Europe Quality Gold Award,  Frankfurt, Germany, among others.

New Horizons Nigeria is a franchise of New Horizons Worldwide, the world’s number one Independent IT training organization with offices in 80 countries and 6 continents.

New Horizons Nigeria empowers about 50,000 Nigerians in Government, Universities Schools and Corporate Organization in various ICT courses like Microsoft, Cisco, Certiport, CBP, Linux, EC-Council, Oracle, Virtualisation, Cloud Security, ISO27001, and SAP amongst others.


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Inlaks CEO, Femi Adeoti, Wins Top CEOs & Next Bulls Award

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Femi Adeoti, managing director and CEO, Inlaks, Africa’s foremost Information Technology and Infrastructure solutions provider in West Africa, has been announced as a winner of the 2020 Top CEOs & Next Bulls Awards organised by Business Day Media Limited in collaboration with the Nigerian Stock Exchange (NSE).

The MD/CEO whilst receiving the award dedicated it to the management and staff of Inlaks for their relentless service even during these trying times.

He also appreciated the board of the organization that drove changes within the organisation particularly in the pandemic which led to the company being recognized and the customers who have continued to support Inlaks while being ambassadors of all Inlaks’ solutions.

The CEO and Next Bulls awards, the sixth in its series, recognizes the CEOs of listed companies creating competitive shareholder value through sound strategy, disciplined execution and world class governance. In addition, it celebrates chief executives of quoted companies that have demonstrated the most impressive gains in both share price and service delivery.

Themed “Advancing Against all Odds,” this year’s award particularly recognised businesses that have been thriving in spite of the global harsh economic realities.

According to the organisers of the award, the indomitable Next Bulls are the CEOs raging forward at a time when many businesses are choosing to retreat, thus acknowledging Adeoti’s good leadership in the area of corporate governance, innovation and service delivery.

The CEOs award celebrates the CEOs of successful, privately-owned indigenous companies built by Nigerians, led by Nigerians and poised to lead their categories on the continent.

Established in 1982, Inlaks is Africa’s leading Information Technology systems integrator with presence in Nigeria, Ghana, Kenya, Gambia, Sierra Leone, Guinea, Liberia and Cameroon. As solutions provider, it offers core banking, agency banking, fraud management, cyber-security, cloud, data centre, enterprise risk management and software solutions.

Part of the criteria for selecting winners of this year’s awards held virtually on September 5, are stock price appreciation, Profit After Tax (PAT) growth, an unblemished regulatory compliance record, and positive marketplace reputation among customers in the period under review.

Winners are also selected based on significant interest shown by active and informed investors on the Nigerian Stock Exchange to invest in their stock should their boards ever decide to take them public.


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Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

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The novel COVID-19 pandemic has caused the African Hotel and Tourism industry to lose over $50bn in revenue.

Transcorp Hotels Hard Hit by COVID-19, Mulls Restructuring

Dupe Olusola, MD, Transcorp Hotels

Amidst this, Transcorp Hotels Plc has suffered unprecedented losses and is looking to restructure the business strategy of its hotels and optimize its operations.

The management of Transcorp Hotels Plc has announced that it will be taking steps to ensure business continuity in the wake of the losses recorded due to the COVID-19 pandemic.

To this end, the hotelier is diversifying its portfolio and reducing its workforce as part of its cost management initiatives.

Mrs Dupe Olusola, managing director, Transcorp Hotels Plc, disclosed this during a Press Conference on Thursday saying “The impact of COVID-19 on the business is like nothing the company has ever witnessed. The hotel and hospitality industry in Nigeria has never faced a crisis that brought travel to a standstill, including the Ebola Virus Outbreak of 2014 and the recession of 2015. The slow pick up of international travel, restriction on large gatherings, the switch to virtual meetings and fear of the virus, has drastically reduced demand for our hotels and occupancy levels to its lowest of less than 5%.”

According to her “Despite the losses incurred we have fulfilled our obligations to staff. At the inception of the pandemic, we maintained a 100% salary payment to our over 900 employees in March and April. We also activated various cost-saving initiatives such as renegotiations of service contracts and restructuring of our loans. We suspended further commitment to buy fixed assets and operating equipment as well as reducing our energy consumption and maintenance costs. Despite undertaking these, it has become apparent that more fundamental changes need to be made for the business to survive. To this end, our workforce headcount will be reduced by at least 40%, and our reward system will be optimized.”

Mrs Olusola further disclosed that negotiations are ongoing to ensure that our colleagues who will be impacted are adequately compensated given the peculiarities of the economy at this time.

A health insurance package to reduce their health burden costs, especially during the pandemic, amongst other payment settlements, will be activated.

Equally, all Executives of Transcorp Hilton Abuja have now taken a pay cut.

As one of the leading hospitality brands in Africa, Transcorp Hotels Plc has stated its commitment to uphold service standards and ensure that all guests continue to experience the warmth and hospitality that it is known for.


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LCCI Announces Date for Virtual Edition of ICTEL Expo

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The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to host the 6th edition of the Information, Communication, Technology and Telecommunications (ICTEL) Expo.

The tech event is scheduled to take place virtually on Tuesday 22ndand Wednesday 23rd September at 9am daily. To this end, interested participants are urged to register online via www.ictelexpo.com.ng

Muda Yusuf, director general of the Lagos Chamber of Commerce and Industry (LCCI) said: “The ICTEL EXPO is positioned to be a veritable platform for both operators and regulators to network, showcase and explore with technology with the view to repositioning the ICT sector of the economy.”

Yusuf added “that this year’s edition promises to be the best ever in the series with the theme “Exploring Opportunities in the Digital Economy” This is intended to create a platform to discuss strategies for economic diversification and business sustainability with particular focus on ICT, especially with the current challenges posed by the COVID-19 pandemic. There would also be virtual conferences and exhibition during the two-day event.

Yusuf also emphasized that relevant agencies and departments of Government will be exhibiting and attending to other exhibitors and participants.

He stated that the Government Ministries, Departments and Agencies that have confirmed attendance to participate are Ministry of Communications; Nigerian Communications Commission (NCC) amongst others.

In addition, the Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Pantami and the Executive Vice Chairman, Nigerian Communications Commission, Prof. Umar GarbaDanbatta, are expected as Special Guests.

Mrs. Funke Opeke, managing director, MainOne Cable and chairman, Presidential Committee on National Broadband Plan, is expected to deliver the Keynote Address on the first day.

While Mr. Victor Eburajolo, deputy group managing director, Kewalram Group, will be delivering the Keynote Address on the second day at the virtual Expo.

Yusuf stated that “so far, so good the excitement that the virtual Expo has generated has been phenomenal and we are indeed happy about it.”


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