Category: Business

  • See The Conversation Between GTBank And A Frustrated Customer Because Dollar Issues (Photos)

    Ah ha! It has happened again. This time it’s been taken to the social media after the hike of exchange rate which is highly killing the Nigerian economy.

    Days ago, A Frustrated GTBank customer took to Facebook to ask his bank some mind troubling question and the Following Conversation ensued between them.
    See screen shots after the cut… 

  • Saraki canvasses support for made-in-Nigeria products

    Senate President, Bukola Saraki, said on Friday, that Nigeria can only grow its economy if citizens patronise made-in-Nigeria products.

    Saraki, according to a statement by his Chief Press Secretary, Mr. Sanni Onogu, stated this when the Chief Executive Officer of Adic Designs Limited, Mr. Adiele Ekeke, presented to him 29 locally made fabrics.

    The Senate President, the statement explained, ordered the materials when he inspected the stalls of participants in the Made-in-Aba Trade Fair held in Abuja recently.

    Saraki said he was happy that the Public Procurement Act is in the process of being amended to encourage Nigerian industries through the purchase of locally produced goods.

    After receiving the 29 Made-In-Nigeria outfits designed for him, the senate president said he would spread the message to all his colleagues in both chambers of the National Assembly to begin to patronise made in Nigeria products.

    He said, “On a serious note, we must all work together to help our local industries. A lot of people laugh about it, but it is a serious matter. I think that we should be very committed.

    “This is how other countries started and have been able to succeed. So let us join hands in supporting our own entrepreneurs.”

    Saraki recalled that a few weeks back he joined Senator Eyinnaya Abaribe to attend the Made-In-Aba Trade Fair in Abuja.

    He said, “We went round, looked at some of the products being made by Nigerians and we made a commitment then that we will definitely support the patronage of made-in-Nigeria products by all.

    “This might look like a small step in our action but it is very symbolic and we truly believe that it is time for us to drive our economy, stimulate jobs by encouraging and supporting our indigenous manufacturers.

    “I have said that the National Assembly will support locally produced items from garments, wears and cars.

    “I am also happy that the Public Procurement Act is in the process of being amended. It has gone through first reading and we hope that next week we will take the second reading.

    He urged the Senate Committee on Trade and Investment to step up its oversight activities to ensure that most of the close to N4tn earmarked for expenditure by the Federal Government in the 2016 budget is spent to support local industries.
    [Punch]

  • Saraki canvasses support for made-in-Nigeria products

    Senate President, Bukola Saraki, said on Friday, that Nigeria can only grow its economy if citizens patronise made-in-Nigeria products.

    Saraki, according to a statement by his Chief Press Secretary, Mr. Sanni Onogu, stated this when the Chief Executive Officer of Adic Designs Limited, Mr. Adiele Ekeke, presented to him 29 locally made fabrics.

    The Senate President, the statement explained, ordered the materials when he inspected the stalls of participants in the Made-in-Aba Trade Fair held in Abuja recently.

    Saraki said he was happy that the Public Procurement Act is in the process of being amended to encourage Nigerian industries through the purchase of locally produced goods.

    After receiving the 29 Made-In-Nigeria outfits designed for him, the senate president said he would spread the message to all his colleagues in both chambers of the National Assembly to begin to patronise made in Nigeria products.

    He said, “On a serious note, we must all work together to help our local industries. A lot of people laugh about it, but it is a serious matter. I think that we should be very committed.

    “This is how other countries started and have been able to succeed. So let us join hands in supporting our own entrepreneurs.”

    Saraki recalled that a few weeks back he joined Senator Eyinnaya Abaribe to attend the Made-In-Aba Trade Fair in Abuja.

    He said, “We went round, looked at some of the products being made by Nigerians and we made a commitment then that we will definitely support the patronage of made-in-Nigeria products by all.

    “This might look like a small step in our action but it is very symbolic and we truly believe that it is time for us to drive our economy, stimulate jobs by encouraging and supporting our indigenous manufacturers.

    “I have said that the National Assembly will support locally produced items from garments, wears and cars.

    “I am also happy that the Public Procurement Act is in the process of being amended. It has gone through first reading and we hope that next week we will take the second reading.

    He urged the Senate Committee on Trade and Investment to step up its oversight activities to ensure that most of the close to N4tn earmarked for expenditure by the Federal Government in the 2016 budget is spent to support local industries.
    [Punch]

  • 5 Things the Samsung Galaxy S7 Can Do That the iPhone Can’t

    The rivalry between Apple and Samsung since the invention of smartphones has been like that of Ronaldo and Messi. While Apple’s always take the bigger share, but with the latest Samsung Galaxy S7, I think Apple are being nap.

    Here’s a look at five features found in the
    Galaxy S7 that aren’t on the iPhone.

    Launch the camera by double tapping the home button:

    On Samsung’s newer phones, you can double press the home button to launch the camera. This, Samsung claims, lets users launch the camera in less than a second.

    Apple doesn’t have the same shortcut, but you can launch the camera quickly from the home screen by tapping on the camera icon in the lower right corner.

    Take clearer low-light photos without using flash:

    One of the Galaxy S7’s biggest improvements compared to its predecessors is the ability to take better images in dim conditions. Samsung has increased the size of the pixels in its camera sensor, which lets it take in more light.

    I found this to be true. A picture shot in a dark bar looked brighter and less grainy when taken on the Galaxy S7 versus the iPhone 6s Plus. That being said, Apple also has its own methods of improving photography in poorly lit situations. The iPhone 6s is capable of using the phone’s screen as a flash when taking photos with the front-facing camera, for instance.

    Make a payment using your phone without NFC:

    Most mobile payment systems, including Apple Pay, rely on a technology called Near Field Communication (NFC) to connect your smartphone to a payment terminal. While NFC support is becoming more common in the retail world, it’s still not everywhere.

    Samsung Pay, however, can be used with almost any payment terminal. That means it works just about anywhere credit cards are accepted regardless of whether or not the cash register supports NFC.


    Charge your phone without plugging it in:

    Like many Android smartphones, Samsung’s Galaxy S7 and Galaxy S7 can be charged wirelessly. Rather than plugging the phone into an outlet, users can rest the device on a charging pad to replenish its battery.

    The type of wireless technology built in to Samsung’s newest phones (and the Galaxy S6) is made to work with just about any charging mat available. Although some tinkerers have developed workarounds that allow wireless charging on the iPhone, the feature is not officially supported.

    Add extra storage space:

    Users who store hours worth of movies, TV shows, and music on their mobile devices will appreciate this feature. Galaxy S7 owners can add more storage space to their device by popping in a new microSD card. Both phones support up to 200GB in extra storage space.
    [Time]

  • 5 Things the Samsung Galaxy S7 Can Do That the iPhone Can’t

    The rivalry between Apple and Samsung since the invention of smartphones has been like that of Ronaldo and Messi. While Apple’s always take the bigger share, but with the latest Samsung Galaxy S7, I think Apple are being nap.

    Here’s a look at five features found in the
    Galaxy S7 that aren’t on the iPhone.

    Launch the camera by double tapping the home button:

    On Samsung’s newer phones, you can double press the home button to launch the camera. This, Samsung claims, lets users launch the camera in less than a second.

    Apple doesn’t have the same shortcut, but you can launch the camera quickly from the home screen by tapping on the camera icon in the lower right corner.

    Take clearer low-light photos without using flash:

    One of the Galaxy S7’s biggest improvements compared to its predecessors is the ability to take better images in dim conditions. Samsung has increased the size of the pixels in its camera sensor, which lets it take in more light.

    I found this to be true. A picture shot in a dark bar looked brighter and less grainy when taken on the Galaxy S7 versus the iPhone 6s Plus. That being said, Apple also has its own methods of improving photography in poorly lit situations. The iPhone 6s is capable of using the phone’s screen as a flash when taking photos with the front-facing camera, for instance.

    Make a payment using your phone without NFC:

    Most mobile payment systems, including Apple Pay, rely on a technology called Near Field Communication (NFC) to connect your smartphone to a payment terminal. While NFC support is becoming more common in the retail world, it’s still not everywhere.

    Samsung Pay, however, can be used with almost any payment terminal. That means it works just about anywhere credit cards are accepted regardless of whether or not the cash register supports NFC.


    Charge your phone without plugging it in:

    Like many Android smartphones, Samsung’s Galaxy S7 and Galaxy S7 can be charged wirelessly. Rather than plugging the phone into an outlet, users can rest the device on a charging pad to replenish its battery.

    The type of wireless technology built in to Samsung’s newest phones (and the Galaxy S6) is made to work with just about any charging mat available. Although some tinkerers have developed workarounds that allow wireless charging on the iPhone, the feature is not officially supported.

    Add extra storage space:

    Users who store hours worth of movies, TV shows, and music on their mobile devices will appreciate this feature. Galaxy S7 owners can add more storage space to their device by popping in a new microSD card. Both phones support up to 200GB in extra storage space.
    [Time]

  • The Founder of Email, Ray Tomlinson, Dies At 76

    Ray Tomlinson, the man credited with founding email, has passed away at the age of 74, according to a report from the Sydney Morning Herald. According to the report, Tomlinson died of a heart attack.

    Tomlinson was a part a team of computer programmers at research and design company Bolt Beranek and Newman (now BBN Technologies) in Cambridge, Mass., and had begun experimenting with internal messaging in 1971. Tomlinson had an idea to send a text message between computers using a new network (and a predeccesor to the Internet) called Arpanet, routing it using an “@” symbol.

    He recalled the first email sent in an interview with NPR from 2009: “The keyboards were about 10 feet apart…I could wheel my chair from one to the other and type a message on one, and then go to the other, and then see what I had tried to send.”

    By the 1980s government and military personnel were actively using the system. And by the 1990s email had become one of two pillars of the budding consumer Internet, alongside the World Wide Web.

    Tomlinson was subsequently inducted into the Internet Hall of Fame in 2012.

    Tomlinson told NPR that he had a feeling that what he had discovered with the “@” symbol would have some impact.

    “What I didn’t imagine was how quickly that would happen,” he said.

    This article originally appeared on Fortune.com

  • Nokia Phones Finally Folds Up! CEO Breaks Down In Tears As Microsoft Takes Over

    Stephen Elop in tears

    This is not a good news for the top management of Nokia as it got acquired by Microsoft after losing out of the highly competitive SmartPhone market.

    During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO, Stephen Elop ended his speech saying, “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly.

    Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful.

    They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival.

    The message of this story is, if you don’t change, you shall be removed from the competition.

    Microsoft announced the purchase of Nokia’s phone assets in September 2013 — just weeks after Steve Ballmer said he would step down — and finalized the deal in April 2014.

    The total purchase price ended up as approximately $7.9 billion, according to an April 2015 filing with the U.S. Securities and Exchange Commission (SEC).

  • Nokia Phones Finally Folds Up! CEO Breaks Down In Tears As Microsoft Takes Over

    Stephen Elop in tears

    This is not a good news for the top management of Nokia as it got acquired by Microsoft after losing out of the highly competitive SmartPhone market.

    During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO, Stephen Elop ended his speech saying, “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly.

    Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful.

    They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival.

    The message of this story is, if you don’t change, you shall be removed from the competition.

    Microsoft announced the purchase of Nokia’s phone assets in September 2013 — just weeks after Steve Ballmer said he would step down — and finalized the deal in April 2014.

    The total purchase price ended up as approximately $7.9 billion, according to an April 2015 filing with the U.S. Securities and Exchange Commission (SEC).

  • Read Apple’s opening statement to Congress over its FBI fight

    Apple is gearing up for its first meeting with Congress tomorrow regarding the FBI’s request to unlock an encrypted iPhone linked to the San Bernardino terrorist attacks. The company’s General Counsel, Bruce Sewell, will testify its case before the house Judiciary Committee, and if you’ve been following this saga, you’ve probably got a decent idea of his position. Sewell’s opening statement was forwarded along to Apple employees earlier today, and as you can expect, it ties together all of the reasons Apple is resisting the FBI’s request. The big takeaway: “Weakening encryption will only hurt consumers and other well-meaning users who rely on companies like Apple to protect their personal information.”

    Read Sewell’s full opening remarks below:


    Thank you, Mr. Chairman. It’s my pleasure to appear before you and the Committee today on behalf of Apple. We appreciate your invitation and the opportunity to be part of the discussion on this important issue which centers on the civil liberties at the foundation of our country.
    I want to repeat something we have said since the beginning — that the victims and families of the San Bernardino attacks have our deepest sympathies and we strongly agree that justice should be served. Apple has no sympathy for terrorists.
    We have the utmost respect for law enforcement and share their goal of creating a safer world. We have a team of dedicated professionals that are on call 24 hours a day, seven days a week, 365 days a year to assist law enforcement. When the FBI came to us in the immediate aftermath of the San Bernardino attacks, we gave all the information we had related to their investigation. And we went beyond that by making Apple engineers available to advise them on a number of additional investigative options.
    But we now find ourselves at the center of an extraordinary circumstance. The FBI has asked a Court to order us to give them something we don’t have. To create an operating system that does not exist — because it would be too dangerous. They are asking for a backdoor into the iPhone — specifically to build a software tool that can break the encryption system which protects personal information on every iPhone.
    As we have told them — and as we have told the American public — building that software tool would not affect just one iPhone. It would weaken the security for all of them. In fact, just last week Director Comey agreed that the FBI would likely use this precedent in other cases involving other phones. District Attorney Vance has also said he would absolutely plan to use this on over 175 phones. We can all agree this is not about access to just one iPhone.
    The FBI is asking Apple to weaken the security of our products. Hackers and cyber criminals could use this to wreak havoc on our privacy and personal safety. It would set a dangerous precedent for government intrusion on the privacy and safety of its citizens.
    Hundreds of millions of law-abiding people trust Apple’s products with the most intimate details of their daily lives – photos, private conversations, health data, financial accounts, and information about the user’s location as well as the location of their friends and families. Some of you might have an iPhone in your pocket right now, and if you think about it, there’s probably more information stored on that iPhone than a thief could steal by breaking into your house. The only way we know to protect that data is through strong encryption.
    Every day, over a trillion transactions occur safely over the Internet as a result of encrypted communications. These range from online banking and credit card transactions to the exchange of healthcare records, ideas that will change the world for the better, and communications between loved ones. The US government has spent tens of millions of dollars through the Open Technology Fund and other US government programs to fund strong encryption. The Review Group on Intelligence and Communications Technology, convened by President Obama, urged the US government to fully support and not in any way subvert, undermine, weaken, or make vulnerable generally available commercial software.
    Encryption is a good thing, a necessary thing. We have been using it in our products for over a decade. As attacks on our customers’ data become increasingly sophisticated, the tools we use to defend against them must get stronger too. Weakening encryption will only hurt consumers and other well-meaning users who rely on companies like Apple to protect their personal information.
    Today’s hearing is titled Balancing Americans’ Security and Privacy. We believe we can, and we must, have both. Protecting our data with encryption and other methods preserves our privacy and it keeps people safe.
    The American people deserve an honest conversation around the important questions stemming from the FBI’s current demand:
    Do we want to put a limit on the technology that protects our data, and therefore our privacy and our safety, in the face of increasingly sophisticated cyber attacks? Should the FBI be allowed to stop Apple, or any company, from offering the American people the safest and most secure product it can make?
    Should the FBI have the right to compel a company to produce a product it doesn’t already make, to the FBI’s exact specifications and for the FBI’s use?
    We believe that each of these questions deserves a healthy discussion, and any decision should be made after a thoughtful and honest consideration of the facts.
    Most importantly, the decisions should be made by you and your colleagues as representatives of the people, rather than through a warrant request based on a 220 year- old-statute.
    At Apple, we are ready to have this conversation. The feedback and support we’re hearing indicate to us that the American people are ready, too.
    We feel strongly that our customers, their families, their friends and their neighbors will be better protected from thieves and terrorists if we can offer the very best protections for their data. And at the same time, the freedoms and liberties we all cherish will be more secure.
    Thank you for your time. I look forward to answering your questions.

    Culled from Engadget

  • Read Apple’s opening statement to Congress over its FBI fight

    Apple is gearing up for its first meeting with Congress tomorrow regarding the FBI’s request to unlock an encrypted iPhone linked to the San Bernardino terrorist attacks. The company’s General Counsel, Bruce Sewell, will testify its case before the house Judiciary Committee, and if you’ve been following this saga, you’ve probably got a decent idea of his position. Sewell’s opening statement was forwarded along to Apple employees earlier today, and as you can expect, it ties together all of the reasons Apple is resisting the FBI’s request. The big takeaway: “Weakening encryption will only hurt consumers and other well-meaning users who rely on companies like Apple to protect their personal information.”

    Read Sewell’s full opening remarks below:


    Thank you, Mr. Chairman. It’s my pleasure to appear before you and the Committee today on behalf of Apple. We appreciate your invitation and the opportunity to be part of the discussion on this important issue which centers on the civil liberties at the foundation of our country.
    I want to repeat something we have said since the beginning — that the victims and families of the San Bernardino attacks have our deepest sympathies and we strongly agree that justice should be served. Apple has no sympathy for terrorists.
    We have the utmost respect for law enforcement and share their goal of creating a safer world. We have a team of dedicated professionals that are on call 24 hours a day, seven days a week, 365 days a year to assist law enforcement. When the FBI came to us in the immediate aftermath of the San Bernardino attacks, we gave all the information we had related to their investigation. And we went beyond that by making Apple engineers available to advise them on a number of additional investigative options.
    But we now find ourselves at the center of an extraordinary circumstance. The FBI has asked a Court to order us to give them something we don’t have. To create an operating system that does not exist — because it would be too dangerous. They are asking for a backdoor into the iPhone — specifically to build a software tool that can break the encryption system which protects personal information on every iPhone.
    As we have told them — and as we have told the American public — building that software tool would not affect just one iPhone. It would weaken the security for all of them. In fact, just last week Director Comey agreed that the FBI would likely use this precedent in other cases involving other phones. District Attorney Vance has also said he would absolutely plan to use this on over 175 phones. We can all agree this is not about access to just one iPhone.
    The FBI is asking Apple to weaken the security of our products. Hackers and cyber criminals could use this to wreak havoc on our privacy and personal safety. It would set a dangerous precedent for government intrusion on the privacy and safety of its citizens.
    Hundreds of millions of law-abiding people trust Apple’s products with the most intimate details of their daily lives – photos, private conversations, health data, financial accounts, and information about the user’s location as well as the location of their friends and families. Some of you might have an iPhone in your pocket right now, and if you think about it, there’s probably more information stored on that iPhone than a thief could steal by breaking into your house. The only way we know to protect that data is through strong encryption.
    Every day, over a trillion transactions occur safely over the Internet as a result of encrypted communications. These range from online banking and credit card transactions to the exchange of healthcare records, ideas that will change the world for the better, and communications between loved ones. The US government has spent tens of millions of dollars through the Open Technology Fund and other US government programs to fund strong encryption. The Review Group on Intelligence and Communications Technology, convened by President Obama, urged the US government to fully support and not in any way subvert, undermine, weaken, or make vulnerable generally available commercial software.
    Encryption is a good thing, a necessary thing. We have been using it in our products for over a decade. As attacks on our customers’ data become increasingly sophisticated, the tools we use to defend against them must get stronger too. Weakening encryption will only hurt consumers and other well-meaning users who rely on companies like Apple to protect their personal information.
    Today’s hearing is titled Balancing Americans’ Security and Privacy. We believe we can, and we must, have both. Protecting our data with encryption and other methods preserves our privacy and it keeps people safe.
    The American people deserve an honest conversation around the important questions stemming from the FBI’s current demand:
    Do we want to put a limit on the technology that protects our data, and therefore our privacy and our safety, in the face of increasingly sophisticated cyber attacks? Should the FBI be allowed to stop Apple, or any company, from offering the American people the safest and most secure product it can make?
    Should the FBI have the right to compel a company to produce a product it doesn’t already make, to the FBI’s exact specifications and for the FBI’s use?
    We believe that each of these questions deserves a healthy discussion, and any decision should be made after a thoughtful and honest consideration of the facts.
    Most importantly, the decisions should be made by you and your colleagues as representatives of the people, rather than through a warrant request based on a 220 year- old-statute.
    At Apple, we are ready to have this conversation. The feedback and support we’re hearing indicate to us that the American people are ready, too.
    We feel strongly that our customers, their families, their friends and their neighbors will be better protected from thieves and terrorists if we can offer the very best protections for their data. And at the same time, the freedoms and liberties we all cherish will be more secure.
    Thank you for your time. I look forward to answering your questions.

    Culled from Engadget