84% manufacturing firms now ICT compliant –Report

With the device manufacturing industry embracing software over hardware as its primary business model, a new report has revealed that 84 per cent of organisations globally have already put software at its core in delivering services and generating revenue. According to a report by global IT security firm, Gemalto, nearly all (94 per cent) device makers have invested in software development in the past five years and 88 per cent of the enterprises believe the Internet of Things (IoT) is driving growth within the manufacturing industry. “Companies who adopt software-based…

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Post-harvest crisis: Tomato yield drops by 40% –Report

African nations spend $35 billion annually on food importation There are indications that poor post-harvest practices have led to 40 per cent loss in tomato yield in Nigeria. The figure was revealed in a report by Rockefeller Foundation. Consequently, the poor post-harvest practice caused Nigerian economy about N170 million in revenue loss. The foundation stated that about 40 per cent of the nearly two million tons produced annually in the country were damaged before getting to the market. The report revealed that there was need for the Federal Government to…

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Nigeria losing 72% Internet revenue to U.S., says report

Stakeholders are on accord that hosting domain names locally will curb capital flight Majority of .ng and .com.ng websites in Nigeria are hosted in the United States, making Nigeria lose about 72 per cent of revenue it should be generating through local hosting of such websites, a new report obtained by New Telegraph has revealed. The report on the use of domain names in the national domain of Nigeria name, .ng was carried out this December by a web-hosting company, HUB8. According to the report, out of the 34,000 sites,…

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UNESCO launches global report reshaping cultural policies

The Director-General of UNESCO, Audrey Azoulay, and the Ambassador and Permanent Delegate of Sweden to UNESCO, Annika Markovic, representing the Swedish Minister for Culture and Democracy, Alice Bah Kuhnke, last Thursday, launched UNESCO’s new 2018 ‘Global Report, Re|Shaping Cultural Policies’. This report, “published with the support of the Swedish Government, monitors how countries around the world are designing policies pursuant to the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions (2005). “Diversity remains a battle, in 2018 as in 2005.  Culture is not a commodity:…

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Building collapse: Engineers tasked on safety violations’ report

  The Lagos State Building Control Agency (LASBCA) has urged engineers to report safety standard violations resulting in buildings collapse in the state. LASBCA’s General Manager, Olalekan Shodeinde, made the appeal to Association of Professional Women Engineers of Nigeria (APWEN), which paid him a courtesy visit in Ikeja. He tasked the engineers on whistle blowing, saying it provided an avenue to give government whatever information on any structure, be it construction or reconstruction, that is structurally defective. Shodeinde urged engineers and concerned members of the public to call the agency’s…

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Global M&A values to hit $3.2trn in 2018 –Report

Investors seem more influenced by long term strategic decision making The easing of key economic and political risks and the emergence of positive macroeconomic deal drivers will accelerate global deal activity in 2018, pushing global Mergers and Acquisitions (M&A) values to $3.2trillion, the third edition of the Global Transactions Forecast issued by Baker McKenzie, has predicted. According to Michael DeFranco, Global Head of M&A, Baker McKenzie: “2017 played out as we predicted and there have been a number of positive developments in the global economy that have led to the…

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UEFA League: Barca eye yet another famous comeback

    Little over a month after producing the greatest comeback in Champions League history, Barcelona need another special turnaround as they face Juventus in the second leg of their quarter-final on Wednesday. Luis Enrique’s side were taken apart in the first leg in Turin, losing 3-0 to a Juve team inspired by Paulo Dybala, who scored twice. In the last 16 they became the first team ever to overturn a 4-0 deficit when they beat Paris Saint-Germain 6-1 in the return at the Camp Nou, so fans are hoping…

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Documents show Prince’s painkiller habit

  Numerous opioid painkillers were found at US singer Prince’s home shortly after his death last year, unsealed court documents show. Some of the pills discovered at Prince’s Paisley Park estate in Minnesota had prescriptions in the name of his friend and bodyguard. But the documents do not offer evidence about the source of the fentanyl that killed the singer on 21 April 2016. Medical examiners have concluded that he died from an accidental overdose. No-one has been charged over the death of the 57-year-old singer. The court documents were…

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US court halts two executions

  The top court in Arkansas has halted two executions that were due to start a series of seven in 11 days. The state’s Supreme Court acted hours before convicted murderers Don Davis and Bruce Ward were due to die, but the Davis decision could yet be reversed. Their lawyers had argued they were mentally unfit to face execution and were denied proper assessment. But there was a victory for the state when a federal court lifted an order that blocked all seven executions. A blanket ruling made on Saturday…

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