News
FEC Approves Draft Copyright Bill 2017
Efforts to reposition the Country’s Creative Sector recently received a boost as the Federal Executive Council (FEC) presided over by President Muhammadu Buhari, GCON, approved the 2017 draft Copyright bill.
The Bill was approved on Wednesday June 13, 2018 during the FEC meeting.
Mr. Afam Ezekude, Director-General, Nigerian Copyright Commission (NCC), who disclosed this at the Commission’s headquarters in Abuja noted that the approved Copyright Bill will be forwarded to the National Assembly for further legislative action.
The DG further stated that the draft Bill, upon passage will address issues of copyright infringements, enhance the capacity of the Nigerian Copyright Commission for effective administration and enforcement, among several other benefits including; Strengthening the creative industries in Nigeria for global competitiveness.
– Expanding the scope of copyright offences to include infractions on the digital platforms and provide more deterrent punishments for copyright violations.
– Facilitating Nigeria’s compliance with obligations arising under relevant international treaties which Nigeria has acceded to or ratified, including the four World Intellectual Property Organization’s administered treaties which Nigeria ratified on October 4, 2017.
– Strengthening investment prospects in the creative industry and expanding the revenue base for artistes and performers and Enhancing royalty collection schemes for wealth creation.
According to Mr. Ezekude, the draft Copyright Bill was necessitated by significant developments both in the domestic and international Copyright environment including the emergence of digital technologies which has presented opportunities for copyright pirates and posed various challenges for rights’ enforcement.
While lauding the Federal Government for approving the bill, the DG, NCC stressed that the Commission and the entire stakeholders in the creative sector look forward to a speedy legislative action and passage of the Bill.

News
Truecaller Unveils Brand Identity Features to Curb Fraud
Truecaller has announced a corporate rebranding and launch of a brand new app icon that will be instantly recognisable on the Google Play Store and Apple App Store. The taming of the new brand identity aligns with a significant transformation taking place in the digital space. At the heart of this rebranding is Truecaller’s renewed sense of purpose, energy and enthusiasm.
Commenting on the announcement, Alan Mamedi, Co- founder and CEO, Truecaller said, “We are excited to unveil our new brand identity and logo. It signifies our continued commitment to our users and our focus to constantly evolve and improve, every day.”
“Our mission, to protect communication for all, is what guides us to develop new anti-fraud solutions like Search Context and engineer improvements to improve user privacy,” he added.
As part of this refreshed identity, Truecaller users also get a powerful new anti-fraud feature called Search Context, as a part of the Truecaller AI Identity engine.
While looking at the search results for any number, Truecaller users will be instantly notified if the name for the number has been recently changed or is being changed frequently.
The app also classifies this contextual message into three colour categories: blue, for a neutral change, yellow, which indicates a potentially suspicious name change and finally red, indicating multiple and frequent name changes which are highly indicative of fraudulent and scammer activity.
This message will be shown to all Truecaller users on all search results across Android, iPhone and Truecaller web.
News
Yemi Cardoso Assumes Duty as Acting CBN Governor
Dr Olayemi Cardoso, on Friday, formally assumed duty as the acting Governor of the Central Bank of Nigeria (CBN).
According to a statement by Isa AbdulMumin, CBN’s Director, Corporate Communications, Cardoso’s resumption in acting capacity is pending his confirmation by the Senate.
“This follows the resignation of Mr. Godwin Emefiele as Governor of the CBN,
“Similarly, the Deputy-Governors-designate have also assumed duty, in acting capacities.
“This is sequel to the formal resignation of Mr Folashodun Shonubi, Mrs Aishah Ahmad, Mr Edward Adamu and Dr Kingsley Obiora as deputy governors.
“Cardoso and his colleagues subscribed to the relevant oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja,” AbdulMumin said.
He said that they had since settled down to the task of administering monetary and financial sector policies of the Federal Government.
The News Agency of Nigeria (NAN) reports that Cardoso was nominated by President Bola Tinubu as CBN governor on Sept. 15.
Tinubu also nominated Emem Usoro, Abdullahi Dattijo, Philip Ikeazor and Bala Bello as deputy governors
News
12 African Start-ups Emerged for Flapmax AI Innovation
Flapmax has selected 12 startups for the second cohort of its FAST Accelerator start-up programme, which was formed in collaboration with Microsoft.
Starting in October, the FAST Accelerator’s cohort of 12 startups will embark on a five-week comprehensive acceleration programme in Silicon Valley, California.
The programme received over 1,200 applications from 35 African countries in Africa. Applicants represented a diverse range of cloud-based products and services that serve businesses across Africa, and which use AI to promote innovation, improve efficiency, and address crucial challenges in their respective fields.
The top performers in the 2023 cohort, and those that will travel to Silicon Valley, are: Zeeh Africa, Sumundi, Cotrust Equity, Trucki, Orange VFX, 10mg Pharma, Wallx, Moosbu, KCG Aquatec Fish Farming, Aibanc, Zendawa Africa, and Greenbii.
The cohort will collaborate closely with Intel and Microsoft on co-innovation projects, as well as receive sales and marketing assistance and go-to-market enablement to increase their audience reach.
Flapmax will also help the start-ups to apply optimised large language models, as well as scale and fine-tune these models on Microsoft Azure and Intel platforms.
Dr. Dave Ojika, founder and CEO, Flapmax, said: “Our goal is to use AI as a catalyst to enable startups and marginalised entrepreneurs to rapidly and sustainably develop their businesses and create new job opportunities.”
“Microsoft believes that African start-ups and SMEs are well-positioned to become a bedrock for the African digital economy, with relevant solutions to local societal and economic challenges,” said Mame-Fatou Gueye, SME programme manager, Microsoft Africa Transformation Office.
“Participation in the FAST Accelerator programme will help these entrepreneurs capture growth opportunities and expand their market reach,” she added.
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