E-Business
Recession, Forex: Cloud Offers Cost Saving Measures to Companies- Sanni

Following the present economic recession and foreign exchange shortage realities in Nigeria, Oracle Corporation believes that organisations in the private and public sectors can best reduce cost of running business by embracing bring your own device (BYOD) powered by cloud-based solutions.
Mr. Adebayo Sanni, country managing director at Oracle (Nigeria), expressed the view during an interview with ICT journalists at the 2016 Oracle Digital Day (#Oracledigitalday) held in Lagos on Wednesday, calling for more innovativeness by regulatory agencies to accord indigenous the flexibilities to embrace cloud technology.
Earlier in his presentation, Sanni reiterated the potency of cloud technology, referring to Oracle Corporation’s prediction of a sharp drop in the traditional IT spending of businesses across the globe over the next decade, making way for cloud services and leaving more room for innovation than hardware and software maintenance.
According to him, by 2025, 80% of information technology (IT) budgets will be spent on cloud, and not on traditional IT, as almost all of the new applications will be on SaaS (Software as a Service) applications by 2025.
He said that players in the Nigerian ICT environment should recognise that spending on cloud infrastructure will continue to accelerate and will not again be linear.
He boasted that Oracle, a US-headquartered company, remains the fastest growing cloud firm, spending over $5billion on research and development (R&D) annually.
Oracle, which has a total of 20,000 cloud customers, he said, increasingly more and more companies will rely on cloud.
He also referenced the Oracle report which predicted that with the shift to the cloud services, the number of corporate-owned datacenters will also drop by 80 per cent by 2025.
On his part, Xavier Verhaeghe, vice president Technology Solutions, Europe, Middle East and Africa (EMEA), said that cloud technologies are providing a level playing field for companies to innovate and manage their resources better.
“We have seen that in the presentation made by the Jumia CEO. The company which started barely four years ago has spread to other countries. Before now, it was only very big corporations that can make such investments internationally, but cloud services have made their operations very seamless, providing opportunities for growth and productivity. Similar case is associated with Uber which offers pay-as-you-go solutions to people. Technology has never been so affordable than it is today. Today, the issue is not about the hardware or the software rather having a better experience to integrate the capabilities the solutions offer. If you are able to overcome that the company has a great future.
Nodding in agreement, Sanni said, “We heard the response from the gentleman from Wema Bank. The way he started his conversation shows that Wema Bank is the only bank with Chief Digital Officer (CDO); now that is a function that the playing field is levelled now. As far as Wema Bank is concerned, it can play in the level of other banks we deem as smart banks today. That wasn’t the case a few years ago. In fact, branches are shrinking as banks move to the cloud.
“The era of digital bank entails that you can walk into a bank, probably on Sunday, open an account, deposit money in there, without meeting a single staff. This is the world of digital”.
The Oracle Digital Day provided participants unique opportunity to discover how to adopt the cloud more quickly, take advantage of the opportunities it presents, and stay in control.
The interactive event explored how cloud ecosystems can drive digital transformation and make data-driven innovation a reality in organizations.
Oracle Nigeria leveraged the platform to inundate participants on its solutions such as Cloud Infrastructure – hardware and software systems, storage, servers and processors; IT systems development – development tools; PaaS and IaaS – state-of-the-art technological platforms in the Cloud; EPM and ERP systems available in the Cloud; HCM solutions in the SaaS model and
Customer Experience – cloud solutions for ensuring excellent customer relations.
E-Business
NDPC Probes UNILAG, Lotus Bank, Hackerbella over Alleged Students’ Data Misuse

Nigeria Data Protection Commission (NDPC) has commenced a forensic investigation into the University of Lagos (UNILAG), Lotus Bank and Hackerbella Ltd over alleged violations of data protection laws involving students’ personal information.

The investigation follows public complaints alleging that students’ personal data were used to open bank accounts without a lawful basis.
Dr Vincent Olatunji, national commissioner and chief executive officer of the NDPC, directed the investigation team to conduct a comprehensive assessment of the circumstances surrounding the collection, processing, use and disclosure of the affected students’ personal data.
The investigation will also determine the respective roles and responsibilities of UNILAG, Lotus Bank and Hackerbella in the alleged processing of the data.
According to the Commission, the investigation will assess the data protection compliance obligations of the parties under the Nigeria Data Protection Act, 2023 (NDP Act), as well as potential risks posed to the rights and freedoms of the affected data subjects.
The NDPC said the probe would cover several areas, including Data Protection Impact Assessments (DPIAs), the lawfulness and transparency of credit scoring or profiling activities, and the use of automated decision-making systems.
It will also examine the adequacy of privacy notices, data-sharing arrangements, lawful bases for processing, data minimisation and purpose limitation.
Other areas include data retention policies and the adequacy of technical and organisational measures put in place to safeguard the rights and personal data of affected students.
The Commission reiterated that institutions entrusted with the personal data of students, staff and other members of their communities have a heightened responsibility to ensure that such information is processed lawfully, fairly, transparently and securely.
The NDPC therefore warned educational institutions that are yet to comply with its existing data protection compliance directives to take immediate steps to achieve compliance.
The Commission said it would continue to exercise its regulatory mandate to protect the privacy rights of Nigerians and ensure that organisations processing personal data comply with the provisions of the Nigeria Data Protection Act, 2023.
E-Business
Microsoft to Unveil Next-generation AI Chip in September

Microsoft is planning to unveil its new Maia 300 AI chip this fall, potentially as soon as next month, The Information reported on Monday, citing people with direct knowledge of the plans.

The company introduced its Maia AI chip in November 2023 but has lagged rivals such as Alphabet and Amazon in scaling up its in-house chip efforts as it seeks to reduce its reliance on Nvidia’s costly processors.
Google began recognizing revenue from direct sales of its custom AI chips, called Tensor Processing Units, in the quarter ended June, while Amazon has also seen growing adoption of its processors, including its Trainium chips.
Microsoft has been in talks with chipmaker TSMC to secure manufacturing capacity for more than 300,000 units of the chip for delivery in 2027, according to the report. It is also looking to significantly ramp up production and persuade major cloud customers such as Anthropic to adopt the chip.
Microsoft ultimately aims to secure capacity for more than 1 million Maia 300 chips, though component supplies and ongoing capacity negotiations with TSMC could constrain its plans, according to the report.
It unveiled its second-generation Maia 200 in January, built by TSMC using 3-nanometer technology.
Microsoft packed the chip with a significant amount of SRAM, a type of memory that can provide speed advantages for AI systems handling large numbers of user requests.
E-Business
X Replaces Revenue Sharing wit New Creator Rewards Programme

X has announced plans to discontinue its Revenue Sharing programme and introduce a new Original Content Rewards programme to reward creators for producing original content on the platform.

The social media company announced the changes at the weekend in a post on its X Creators handle, saying the new programme would reward creators who contribute original content.
“Today, we’re introducing the Original Content Rewards Program, a new way to reward creators who bring original ideas, expertise, reporting, creativity, and commentary to X,” the company said.
X said it would stop accepting new enrolments into the Revenue Sharing programme from Friday, while existing participants would continue earning until September 7, 2026.
“Starting today, we’re no longer accepting new enrollments into Revenue Sharing,” it said.
According to the company, existing Revenue Sharing participants will receive three final payouts, with two scheduled for August 14 and August 28, while the final payment for earnings accrued through September 7 is expected around September 11.
X said existing Revenue Sharing participants would begin getting access to apply for the new programme from September 8, subject to meeting its eligibility requirements.
The first payout under the Original Content Rewards programme will be made on August 28, 2026, while existing Revenue Sharing creators who enrol in the new programme from September 8 will receive their first payment on September 25.
Under the new programme, eligible creators will earn from qualified impressions generated by their original content, with payments made every two weeks.
X defined qualified impressions as unique impressions from Premium users on the Home Timeline feed, where at least 50 per cent of a post is visible.
On the other hand, “The following are excluded from qualified impressions: impressions from the same account counted more than once per post; paid, promoted, or artificially generated impressions; and fraudulent impressions,” it said.
To qualify, creators must be at least 18 years old, live in a country where the programme is available, maintain an account in good standing and have either a personal or vusiness account.
They must also subscribe to X Premium, Premium+ or Premium Business, have at least 500 verified followers and record at least 500,000 Home Timeline impressions from verified users within the previous 90 days.
X said creators must also regularly post original content to remain eligible.
“We want to recognize creators who break news, share expertise, tell stories, create entertainment, and contribute meaningful perspectives to the conversation,” the company said.
The platform said original content could include threads, videos, memes, graphics, illustrations, reporting, analysis, commentary and reactions that add meaningful value to existing conversations.
It said creators who use content produced by others would need to add meaningful commentary, context, analysis, humour or creative transformation for such posts to qualify.
“Building on existing conversations is a core part of X, but simply reposting someone else’s content is not enough,” it said.
X said minor edits such as cropping, filters, borders, watermarks, speed adjustments or simple text overlays would generally not qualify as meaningful transformation on their own.
It also warned that content copied or substantially reproduced from another creator, content downloaded and re-uploaded from X or another platform without being the original author’s, automated content, disinformation and misleading content would be ineligible.
The company said accounts that violate the programme’s requirements could be temporarily or permanently removed from it, depending on the severity of the violation.
It added that creators would be responsible for ensuring they had the necessary rights, permissions or licences to use content created by others.
“Original content is content you personally create that reflects your own voice, perspective, expertise, or creativity,” X said.
The company said the new programme was intended to reward creators who make the platform more valuable by bringing original ideas and perspectives to its conversations.
“The Original Content Rewards Program is designed to reward the creators who start them, shape them, and move them forward,” it said.
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