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Abbreviation for artificial intelligence.
9mobile, the Nigerian telecom giant, recently held a networking and business mentorship program at the University of Ilorin, where they emphasized the importance of building personal brands for future business and career growth. Students were given insights on personal branding, target audience identification, brand consistency, and the need to network and build relationships. The event also featured sessions on leveraging digital tools and expanding side hustles. Read on to learn more about the key takeaways from the event.
Generative artificial intelligence (AI) has the potential to revolutionize industries but also presents a menacing threat as a weapon in the wrong hands. Microsoft Vice-Chairman Brad Smith recently highlighted the concerns of generative AI being used by cyber organizations and nation-states for cyber-influence operations. However, Smith also emphasized its value in combating cyber threats and bolstering digital defense capacities.
The CEO of First Bank Group, Dr. Adesola Adeduntan, emphasized the convenience of banking transactions for customers during a recent event. He highlighted how technology has made it easy for customers to make payments, withdrawals, and other transactions, giving them more time for personal activities. Adeduntan also spoke on the future of banking, emphasizing the importance of technology in driving access, convenience, and development.
Nigeria is calling on top artificial intelligence (AI) researchers to contribute to its National AI Strategy, aiming to become Africa's AI hub. The government seeks to leverage AI for sustainable development, job creation, and social inclusion. Despite the potential risks, Nigeria is committed to AI adoption and believes that its human capital is its most valuable asset. With a fast-growing tech startup ecosystem, Nigeria is well-positioned for economic diversification and inclusive growth.
A panel of discussants at the Nigerian Youth Parliament's International Youth Day event called on stakeholders to review Nigeria's technical schools and upgrade the curriculum to align with current realities. The panelists emphasized the need to consider the emergence of Artificial Intelligence Technology and its impact on job opportunities. They also stressed the importance of building the capacity of teachers in basic education to empower students with necessary technical skills for sustainable development.
First Bank of Nigeria has unveiled its second fully automated branch, the FirstBank Digital Xperience Centre (DXC), at the University of Ibadan. The state-of-the-art hub aims to revolutionize the banking industry by providing customers with world-class innovative banking services. With a range of modern banking facilities and cutting-edge technology, the DXC is designed to meet the growing needs of consumers and enable them to navigate the digital landscape with confidence.
Mobile Virtual Network Operators (MVNOs) in Nigeria are driving innovation and connectivity, helping to define the future of the telecommunications industry in Africa and other emerging economies. These operators, known for their early adoption of new technologies, are using tools such as cloud computing, artificial intelligence, and software-as-a-service to test new ideas and provide more affordable communications services. The new licensing framework in Nigeria is also driving investments in infrastructure and connectivity, benefiting both the MVNOs and local communities. As the MVNO market continues to grow globally, the key to success lies in understanding and connecting with niche markets.
The Nigerian music industry is embracing artificial intelligence (AI) as a tool for music production. Eclipse Nkasi, a producer, recently used AI to create an entire Afrobeats album, showcasing the opportunities this technology brings to the industry. With the help of AI apps, Nkasi and his team composed and produced the album "Infinite Echoes" in just three days and at a fraction of the cost. This article explores how AI is transforming the music production process in Nigeria and discusses the potential benefits and challenges it presents for artists.
Serial entrepreneur and AI expert Olusola Amusan is set to launch the "Monetize AI" training program aimed at helping individuals tap into the economic opportunities of Artificial Intelligence. With the AI industry worth over $5 trillion, participants will gain in-depth knowledge of AI and learn how to leverage it for additional income. The training, delivered virtually over four weeks, focuses on equipping basic digital literacy to make money through the gig economy, build a career in AI, or develop an AI-powered business practice.
The Nigerians in Diaspora Organisation (NIDO) has partnered with Plateau University, Bokkos, to provide training on Artificial Intelligence (AI) and Cyber Security to 302 youths in Plateau State. The training also covered Digital Marketing, Mobile App Development, Digital Forensic, and other areas of Information Communication Technology (ICT). The initiative aimed at equipping young people with essential skills to advance the use of ICT for economic growth. The Vice Chancellor of Plateau University expressed gratitude for the collaboration and outlined plans to establish certificate and diploma programs in AI and cyber security to further promote ICT development in the state.
The Nigerian Technology Takeoff (NTT) has urged Governor Siminalayi Fubara to invest in agriculture, IT, and production to create jobs for the youths of Rivers State. NTT emphasized the need to diversify the state's economy and harness the potential of sectors such as agriculture and IT. The organization drew attention to the success India achieved by prioritizing IT jobs and addressing unemployment. By investing in agriculture and local technology, Rivers State can become a production economy and empower its youth.
Bauchi-Turkey-based Nigerian data scientist, Leonardo Iheme, has won the SAS Hackathon 2023 award for his Artificial Intelligence solution to the devastating Turkey earthquake in February. His solution utilized natural language processing to gather tweets, convert them into geolocations, and analyze satellite images for confirmation of damage. This innovative technology helped aid workers prioritize distressed areas and provide assistance more efficiently.
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government to formulate digital economic policies that would bolster the country's industrial drive. According to the LCCI President, Dr. Michael Olawale-Cole, a sound regulatory framework across all levels of government would create new possibilities and economic opportunities for businesses and investors. He emphasized the disruptive influence of information and communication technology (ICT) on various sectors, including agriculture, healthcare, learning, and manufacturing. The LCCI President also highlighted the growth of Nigeria's tech sector, as well as the vital role of a vibrant innovation ecosystem in fostering job creation and technology deployment in the manufacturing industry.
Nigerians in Diaspora Organisation (NIDO) has partnered with Plateau University, Bokkos to organize a comprehensive training program on key areas of information technology including Artificial Intelligence (AI) and Cyber Security. The five-day training aimed at equipping 302 youths with the necessary skills for advancing ICT as a tool for economic growth. Digital Marketing, Mobile App Development, and Digital Forensic were also part of the training. NIDO's initiative is set to contribute to the development of ICT in Plateau State and the country.
As innovation takes center stage in treasury management, organisations must prepare their teams for a more technology-focused future. While automation and artificial intelligence bring about radical changes, technology should augment human capabilities rather than replace them. Deremi Atanda, MD of Remita Payment Services Limited, emphasizes the importance of communication and collaboration among financial service providers and technology service providers to mitigate conflicts and drive efficiency in treasury management.
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