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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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IDC TechScape Offers Manufacturers Roadmap to Future Factory

The venerable factory is an important competitive weapon in the digital economy. Smart manufacturing programmes can deliver financial benefits that are tangible and auditable.

More importantly, it transitions the production function from one that is capacity centric to one that is capability centric and able to serve global markets and discerning customers.

A new IDC Manufacturing Insights report: IDC TechScape: Worldwide Smart Manufacturing Technologies, 2015, focuses on technology adoption within the industry for smart manufacturing and assesses key technologies that are driving evolution beyond the current industry technology best practices of today.

IDC Manufacturing Insights groups the technologies involved in smart manufacturing into four main categories:

1. Data acquisition: Data acquisition involves the capture of information on the factory floor. This might include human-based recording via devices or unattended capture via sensors.

2. Connectivity: Relates to the data networking that moves data from the acquisition device to systems that process the information. The connectivity is bidirectional as data is also moved to the edge of the network. Connectivity includes both wired and wireless networks.

3. Analytics: Acquiring and moving data is an important foundation for the smart factory, but the most immediate value will be delivered in terms of how companies use that data. Technologies that help manufacturing firms understand what happened (retrospective), what is happening (perspective), and what might happen (predictive) will translate to a factory network that is Manufacturing more responsive to market needs.

4. Actuation: Once the data is acquired, communicated, and analyzed, companies would like to initiate action without human intervention. If analytics represents the best opportunity for immediate value, this autonomic operational potential represents the greatest long-term value proposition. It will separate those that view factories as competitive weapons to deliver a better customer experience from those that see production facilities as a necessary operational burden.

According to Robert Parker, Group Vice President and General Manager of IDC Retail, Energy, and Manufacturing Insights, “Whatever you call the vision — smart manufacturing, Industry 4.0, or the future factory — achieving the next generation of cyber-physical production requires a number of technologies to come together. In this IDC TechScape, we identify the key technologies, categorise their relative impact, and provide insight into how they should be deployed. Clients can use this report to build a more effective road map to the future factory.”

The IDC TechScape model is designed specifically to capture progress in the adoption of emerging disruptive technologies, mainstream technology buyer alignment with current industry best practices, and support technologies that promise to deliver operational advantages to organisations that choose to adopt them.

IDC expects that manufacturing executives will use the IDC TechScape model to do the following:

•Assess the progress of their own technology adoption efforts in comparison to the industry overall

•Identify new technologies that should be added to their technology road map Add new insights to increase the robustness of their own technology decision framework.

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Topics

Financing Development under President Buhari: The Role of Pan African DFIs

By Roberts Orya, MD/CEO Nigerian Export-Import Bank (NEXIM) The Central Bank of Nigeria (CBN) has prognosticated a possible economic recession in 2016. This possible worst outcome of the present slump is something I am sure President Muhammadu Buhari would do everything to prevent. No president wants to be known in history as a 'Recession President.' However, this undesirable economic situation can sometimes become a reality, even inspite of the best efforts of a well-meaning leadership.

AfDB Unveils 1st Africa-to-Africa Investment Report

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Houlin Zhao: The Emergence of New ITU Secretary-General

• ICT engineer turned career diplomat endorsed as ‘safe...

NCC, FCCPC Ink MoU on Telecom Consumer Protection

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NCC, ATCON Endorse 2nd Nigeria ICT Festival 2016

The Nigerian Communications Commission (NCC) and Association of Telecommunications...

NLNG Unveils Sophia Horsfall as New GM, External Relations & Sustainable Dev

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Allianz to Become Worldwide Olympic Insurance Partner

The International Olympic Committee (IOC) and Allianz has announced...
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