23/01/2014

TECHNOLOGY: South Korea spending $1.5 billion for '5G' network


Is the era of 5G connectivity upon us? The government in South Korea says so, and it's sinking $1.5 billion into upgrades it says will make mobile communications there 1,000 times faster than they are today.
But not so fast. Literally, not so fast. As was the case when smartphones and other mobile devices first started having 4G slapped on them, the term 5G is as much a marketing slogan as anything else -- at this point, anyway.

And if technophiles in the United States are hoping Korea's announcement means warp-speed data connections are coming their way in the near future, they're going to be disappointed.

Regardless of the network's capabilities, any wireless carrier wanting to take advantage of them also would need costly upgrades to their systems. Users would have to purchase new devices that could access it. And even then, there's no guarantee that Netflix or similar companies would make their own data available at speeds that live up to the Korean government's tantalizing vision of an entire movie downloading in a single second.

All that said, don't count Korea out. Arguably the most wired country in the world, South Korea has led in mobile adoption since the 1990s.

"We helped fuel national growth with 2G services in the 1990s, 3G in the 2000s and 4G around 2010. Now it is time to take preemptive action to develop 5G," the nation's science ministry said. "Countries in Europe, China and the US are making aggressive efforts to develop 5G technology ... and we believe there will be fierce competition in this market in a few years."

10/01/2014

New payment system intorduce by CBN

 


The Central Bank of Nigeria (CBN) has introduced a new payment system called Real-Time Gross settlement (RTGS) system as part of efforts to implement Payment System Vision (PSV)2020 strategy.

Mr Tunde Lemo, CBN Deputy Governor (Operations), made this known while briefing newsmen on Thursday in Abuja.

Lemo, who is expected to proceed on retirement on January 11, said that CBN put live operations to the new system on December 16, 2013.

He said that the new RTGS was integrated with Scrip less Security Settlement System (SSSS) and would replace the old payment system in use since seven years ago.

“The SSSS, on the other hand, is a new initiative to issue, manage and settle government and other money market securities processed as electronic records in a Central Securities Depository (CSD) system.”

Etihad records 12m passengers, 486,753 tons of cargo in 2013


Etihad Airways, the national airline of the United Arab Emirates, which also operates daily flights to Lagos, has recorded its highest ever passenger and cargo volumes in 2013 with 12 million passengers flying with it last year.

Impressive cargo growth was also reported, with 486,753 tons of freight and mail flown by Etihad Airways last year, a staggering increase of 32 percent compared to 2012 volumes.

The passenger traffic recorded marks a significant increase of nearly 16 percent in comparison to 2012’s figure of 10.3 million.

Bangkok was once again the airline’s busiest route, with a total of 742,759 passengers flying to Thailand’s capital city in 2013, a year-on-year increase of seven per cent.

Manila was the second busiest route (547,068 passengers), followed by London (544,564passengers), Jeddah (373,651 passengers) and Paris (338,969 passengers).

Etihad Airways carried 73 per cent of the more than 16.4million passengers who travelled through Abu Dhabi airport in 2013.
 

Chinese firm to Invest N160bn in oil exploration, refinery project in Niger



The Niger State Government said on Tuesday that a Chinese firm had agreed to invest N160 billion in oil exploration activities in the state.

The Commissioner for Mining and Mineral Resources, Alhaji Abubakar Jibreel, made the disclosure in Minna at a press briefing on the ministry’s activities in 2013.

He said the amount would also cover the cost of building a refinery in Baro, Agaie Local Government Area of the state.

Jibreel said that the move was part of efforts to attract investors to explore its oil and gas potentials.

He said that the company was among five foreign investors that had indicated interest in oil and gas exploration in the  Bida  Basin.

09/01/2014

The Best-Selling Smartphone Of 2013; TECNO Phantom A+


Leading online retailer, Konga has released shopping trends on its site for 2013 which shows Samsung and TECNO products leading the pack with top sales for the year. According to the report, the best selling smartphone of the year was the TECNO Phantom A+, ranked based on the number of search queries on its site, total number of purchases and total number of requests on its social media channels.

The TECNO Phantom A+, a 5.0-inch smartphone running Android OS 4.2.2 Jelly Bean with a brilliant 8.0 mega pixel primary and 1.2MP front facing camera, comes with a 1.2GHz Quad Core Processor, 1024MB of RAM, 4GB built-in storage, a Dual SIM slot and a 2100mAh battery capacity.

 The company also revealed that the most anticipated tech gadget launches of the year were the Sony Playstation 4 console and the TECNO Phantom A3 smartphone based on number of search queries on its website and total number of orders and sales. As the fastest-selling phone manufacturer in Africa, TECNO also became the most popular brand of the year in the Gadgets category, while Samsung became the most popular brand in the Home and Kitchen category.

The best-selling game for the year was Grand Theft Auto V, making the popular game maker, Rockstar Games the brand of the year in the Game category. Konga, which launched as a daily needs-only retail site back in July 2012, completed its first calender year as a full-fledged general merchandise online retailer.

During the year, the company introduced pay on delivery in many locations across Nigeria, launched SMS-based shopping, introduced a virtual shopping mall, opened new pick-up points, increased its books category to over 100,000 book titles, moved to a new 120,000 square feet distribution centre, and offered Black Friday and Cyber Monday deals to Nigerians. - See more at:

07/01/2014

NIGERIA AND ISREAL SIGN AGREEMENT ON AIR SERVICES (BASA)

Nigeria and the State of Israel in Jerusalem on Monday signed a  Bilateral Air Services Agreement (BASA) to pave way for direct flights between them.
 The Acting Minister of Foreign Affairs, Prof. Viola Onwuliri, representing President Goodluck Jonathan, signed the agreement on behalf of the country.

The agreement is expected to pave way for direct flights between both countries on the principle of reciprocity by the designated airlines of both countries.

Before now, Nigerians travelling to Israel, including Christian pilgrims, stopped over in neighbouring countries before being finally transported to their destination.

Onwuliri said after the signing of the agreement that the accord would deepen bilateral ties between  both countries and boost their economies.

“The agreement will augur well for movement of persons, our pilgrims, businessmen, academics, the civil society and students.

“Many of our people also come here to benefit from the technology of Israel,’’ she said.
 

03/01/2014

In 2014, Ministry of Justice to spend N181.3m on Clothing

 

According to a report by Punch, the Federal Ministry of Justice Headquarters will spend the sum of N181.3m on uniforms and other garments in 2014, according to the budget estimates submitted to the National Assembly by Minister of Finance, Ngozi Okonjo-Iweala.

A copy of the proposed budget of the headquarters of the justice ministry, which was obtained by a Punch correspondent, revealed that the sum of N181, 391,000 was allocated for “uniforms and other clothing” in 2014.
The sum is part of the total N4.7bn allocated to the Federal Ministry of Justice Headquarters in the 2014 budget proposal.

However, the nature of the “uniforms and other clothing” was not disclosed.
The ministry is to spend the sum of N1.3bn on legal services in the New Year, while N1.4bn is allocated for consulting and professional services.

Travels, including local and foreign trips, formed a substantial part of the ministry’s proposed budget.
The sum of N362.6m has been budgeted for travels and transport (general).
Local travel and transport (training) and local travel and transport (others) will cost N76.7m and N142.3m, respectively.

Aliko Dangote now worth $30billion, made $9.2billion in 2013 Only

 

According to a Bloomberg report that was released today, Africa's richest man & founder of Dangote Group, Aliko Dangote, made $9.2billion in 2013 alone, raising his fortune to over $30billion and making him the 30th richest person in the world.

Bill Gates is back to being the richest man in the world after making $15.8 billion in 2013 alone and raising his fortune to $78.5 billion.

Bloomberg’s billionaires index showed that the 300 richest people in the world increased their wealth by $524 billion in 2013 and the aggregate net worth of the world’s top billionaires stood at $3.7 trillion at the close of market on December 31.

Energy Chart in Africa




In Ikorodu, Graduate Commit Suicide on January 1st 2014


According to the report, the body of the 30 year old man was found around 1 a.m. yesterday dangling from a rope tied to the hook of a fan in an uncompleted storey building at 1, Alice Ogunsona Street, Hilltop Estate, Eruwen, Ikorodu. His body was found by his younger brother after reading the suicide not he wrote and left at their home.

Ogunsona Daniel Adekunle Adebambo is a graduate of Architecture, at Obafemi Awolowo University,  (pictured above) committed suicide by hanging himself in an uncompleted storey building yesterday January 1st 2014. Continue...

02/01/2014

52 Passengers stuck in a Ship Rescued



After 10 days stranded far from home, all 52 passengers from a ship stuck in Antarctic ice have now been transferred by helicopter to an Australian icebreaker.

"It's 100% we're off! A huge thanks to all," tweeted Chris Turney, an Australian professor among the group of scientists, journalists and tourists marooned on the ship.

A helicopter from a nearby Chinese icebreaker ferried passengers Thursday to the Australian icebreaker, the Aurora Australis.
The rescue is the latest chapter in a saga that began Christmas Eve after the Russian-flagged MV Akademik Shokalskiy got stuck in unusually thick ice.

Officials abandoned a succession of other rescue attempts in recent days because of the treacherous conditions in the region.