For new fintechs in Nigeria to get license, they need to have at least N5 billion on capitalization. This is contained in a draft circular posted in the apex bank website.
*image credit: BusinessDay
Exhibition of Ndubuisi Ekekwe Design Opens in a German Museum
Today, Nov 17 2018, the exhibition of one of my works (engineering design) begins in Germany. If possible, visit ZKM | Center for Art and Media Karlsruhe Germany where the exhibition is hosted till March 31 2019. This is supported by German Federal Cultural Foundation and German Federal Ministry for Economic Cooperation and Development.
This is indeed humbling – a magical moment to remember. I do plan to make it to Germany before the exhibition ends; a sincere appreciation to my teachers and colleagues from primary school to doctoral program.
As museums move from dead woods to new imaginations on technology, I would like to read your feedback after visiting.
N60 Billion Govt Subsidy: Build Tools For Rice Farming in Nigeria
The Federal Government of Nigeria has approved N60 billion to support rice farming in the nation. Simply, entrepreneurs and companies with focus on rice production would win. As you work on the 30 agriculture and agtech business ideas, be thinking how you would bias most plans for rice farming.
The federal government has approved N60 billion in support of its rice subsidy programme aimed at bringing down the price of the commodity across the country.
The Minister of Agriculture and Rural Development, Audu Ogbeh stated this when he briefed State House correspondents on the outcome of the meeting of the National Food Security Council.
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“There is a subsidy programme coming up. Government has approved some money, N60 billion to support the rice industry to bring down prices. But we are going to handle it differently.
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“Every country does it for food, we will use a different method to do it and it will be cheap credit to the farmers, millers and the marketers, not outright cash subsidy for their product,’’ he said.
Nigeria Needs Environmental Leadership
I took this photo in front of University of Lagos Guest House few years ago. I was a guest to the university, helping on some projects. As I look at the view (look well, you would see 3rd Mainland Bridge at the background), Zurich (Switzerland) comes to mind.
If you depart Zurich Central Station, you would behold a really fascinating water body. Nigeria has many of those water bodies but lack of local and national environmental leaderships have guaranteed that we have polluted and made them unusable.
Do you know that the part of Waterside (Aba) that runs through School Road (near Aba Stadium) would have been a tourist destination if Mother Nature has created that in Paris. But in Nigeria, it is a landfill (yes, waterfill).
As I travel around the world, there is nothing beautiful any nation can boast that Nigeria does not have. The problem is that we have not worked hard to unlock them.
Microsoft Stabs Intel As Windows Moves To Arm Chips
Microsoft is taking a new step to make it easier to run Windows software on computers powered by Arm-designed chips, rather than Intel processors, the software giant revealed Friday. In the past, Windows apps ran slowly on Arm-powered devices. That was a relic of the mighty duopoly of the PC era—the Intel and Microsoft together known as “Wintel.“ But that relationship has been fraying over the past few years.
Microsoft is eager to move the Windows platform onto devices that are more mobile, which means bringing Windows onto the Arm chip architecture. Arm-based chips suck up less power than Intel chips; they already serve as main processor in every modern smartphone. Apple is also reportedly working towards using its own Arm chips for its Mac computers starting in 2020, Information newsletter summarizes.
Microsoft has unveiled official support for developer tools to create apps 64-bit Arm (Arm64) architecture apps for its Windows on Arm devices.
The Arm64 apps are designed for the Windows 10 on Arm convertibles like the new Lenovo Yoga C630 WOS and Samsung’s Galaxy Book2.