Video conferencing company Zoom has said annual sales will be even higher than expected as the pandemic drives demand for its software.
The California firm said revenue could hit more than $2.5bn (£1.9bn) - more than twice what it forecast in March.
The prediction comes as Zoom, once a niche tech name, has shot to prominence during the pandemic.
Millions have turned to the app to socialise with family and friends, teach and meet with colleagues.
Nigeria has commissioned the National Centre for Artificial Intelligence and Robotics.
The Minister of Communications and Digital Economy, Dr Isa Pantami, who officially performed the commissioning said that the centre is expected to help Nigeria take advantage of emerging technologies, artificial intelligence and data collection as all these are what will drive a digital economy, news agency Voice of Nigeria reports.
The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami says Nigeria’s broadband penetration has increased to 45.43% by the end of October 2020.
He said that this was a result of an increase of four million sixty one tousand seven hundred and thirty-one, 4,061,731)broadband subscriptions between September and October 2020 which will, in turn, facilitate economic growth in the country.
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has emphasised that the digital age promises greater revenue-earning potential to Nigeria
He also identified economic diversification and ethical leadership at all levels of government as panacea to the current economic headwinds in Nigeria.
The value of financial transactions carried out via mobile transactions amounted to N1.4 trillion from January to July 2020 as more Nigerians had to use the medium due to the limitations brought about by the coronavirus pandemic.
The figure indicated a 384 per cent rise compared to N289 billion recorded in the same period of 2019.
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has charged service providers to constantly upgrade and expand their network capacity in order to deliver top-notch quality of service to their consumers.
Danbatta made the call while speaking at the first edition of the Virtual Telecom Consumer Parliament (V-TCP) hosted by the Commission in Abuja with the theme: “Impact of Covid-19 on Telecoms Service Delivery.”
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Professor. Umar Garba Danbatta, has said that the various projects being executed by the Commission and other agencies under the Federal Ministry will eliminate poverty through skill development in Nigeria.
Professor Danbatta stated this during the 4th phase of the virtual commissioning of additional 12 digital economy projects implemented by agencies under the Ministry by the Minister, Dr. Isa Ali Ibrahim Pantami, which also coincided with the Minister’s one year anniversary in office.
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has said that commercial banks in the country are owing telecommunications companies over N17 billion following the regulator’s suspension of its Determination on Unstructured Supplementary Service Data USSD pricing last year.
The NCC, in furtherance of its mandate to protect the interests of consumers and support a robust telecommunications sector, recently announced that it had revised the Determination on the USSD.
The Securities and Exchange Commission (SEC) has restated its preparedness to collaborate with the National Information Technology Development Agency (NITDA) to foster safe conducts and usage of personal data in the Nigerian capital market.
The Director-General of the Commission, Mr Lamido Yuguda, disclosed this during a webinar meeting on Nigerian Data Protection Regulation (NDPR), according to a statement issued on Sunday by the SEC’s Head, Corporate Communication, Mrs Efe Ebelo.