Thursday, March 26, 2026
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Lagos

Business

As AI Reshapes PR, EvaluatePR Examines Trust, Truth and the Future of Communication

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‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

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Capital Market

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Insurance

Leadway Spotlights Women Making Waves Through Hersurred Initiative

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Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

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Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

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NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

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emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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Business

As AI Reshapes PR, EvaluatePR Examines Trust, Truth and the Future of Communication

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‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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ICT

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Capital Market

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Nigeria’s Reforms Driving Strong Domestic Capital Mobilisation, Says NGX Group CEO

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NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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Insurance

Leadway Spotlights Women Making Waves Through Hersurred Initiative

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has...

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

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Leadway Group Launches ‘Lead Forward’ Initiative to Deepen Financial Literacy Among NYSC Corps Members 

Leadway Group, Nigeria's non-banking financial services group, has unveiled...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

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emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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UN Report: Local Software Can Spur Development in Africa

Local software production and development can spur economic growth in Africa and other developing economies, says a report by the UN Conference on Trade and Development.
The ‘Information Economy Report 2012’ shows that information and communications technology (ICT) software and services are dominated by the developed world but developing economies are catching up.
It says that piracy, poor ICT infrastructure and inadequate protection of intellectual property rights are some of the major challenges hindering ICT software development and service expansion in developing regions such as Africa.
However, for Africa and the Middle East the biggest challenge to the software industry is limited access to venture capital.
The report urges governments in developing countries – significant buyers of software – to help the software sector by putting in place policy measures to facilitate the development of affordable ICT infrastructure and introducing legal frameworks to protect intellectual property rights.
Enhanced access to ICTs in developing countries is widening opportunities in areas including health, education, governance and business creation and expansion, according to the report.
“Software production can contribute to the structural transformation of economies – that is, wean them away from dependence on low-technology goods and on a limited number of products for export,” the report states.
Kenya and South Africa top the continent in supplying software and services for domestic consumption, with areas of focus being smartphones and tablets, as well as mobile applications driven by mobile broadband Internet services.
“Software development is strategic for Africa’s development as it offers a lot of opportunities,” said Aida Opoku-Mensah, Director of the ICT and Science & Technology Division of the UN Economic Commission for Africa (UNECA), at the launch.
“Adapting software to local contexts helps firms to manage resources better, obtain information more efficiently and [set up] cost-effective business operations,” she said.
Software development in African nations also creates market opportunities for developers and boosts learning, innovation and job creation in those countries, she explained.

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