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Showing posts from August, 2014

Nigerian Communication Commision to aution 2.3GHZ Spectrum

The auction could be done before the end of the year to complement NCC's plan to license Infrastructure Companies (InfraCos) on regional bases, According to Igho.. NCC spokes person “You are all aware that the commission has commenced the processes for the selection of infrastructure companies for Lagos and North-central geopolitical zone in line with the Open Access Model that was launched this year. In due course, qualified companies will be selected in that process to give impetus to our drive to achieve robust deployment and service provisioning for broadband services across the country.” Other areas to be considered in line with the planned auction of the 2.6GHz band, according to Igho, would include spectrum caps, licensing options, tenures, rollout obligations and some key issues that the commission’s auction committee may deem necessary for consideration. The 2.6GHz spectrum is a frequency band, which is in the migration plan for mobile service delivery that wi

ICT Park, A spring board for economic empowerment and National development

ICT an acronym for information communication technology has become an everyday word for everyone, but beyond that, our lives in all aspect is affected by innovations, products and services emanating from this industry. The industry may be subdivided into Information Technology on one hand and Communication on another. The two being twin sisters. An advance in information Technology enriches Communication as well. The modern civilization of today will be a mirage without these two twin sisters. Such advances in turn enrich the following areas: Health Sector Aerospace industries Automotives Public and governmental affairs Data management and analysis Accounting, Agriculture, the food industry, Education. To mention but a few. What we do know is that countries that has made advances in ICT command economic advantages over others. Countries in neglect of this sector are far behind in both economic progress and human development. Historical Perspective Human

Venture Capital (VC) - A financial instrument needed for tech start-ups in Nigeria

Venture capital ( VC ) is financial capital provided to early-stage, high-potential, and growth startup companies. The venture capital fund earns money by owning equity in the companies it invests in, which usually has a novel technology or business model in high technology industries, such as biotechnology, IT and software. The typical venture capital investment occurs after the seed funding round as the first round of institutional capital to fund growth (also referred to as Series A round) in the interest of generating a return through an eventual realization event, such as an IPO or trade sale of the company. Venture capital is also associated with job creation accounting for 2% of US GDP. Every year, there are nearly 2 million businesses created in the USA, and 600–800 get venture capital funding. According to the National Venture Capital Association, 11% of private sector jobs come from venture backed companies and venture backed revenue accounts for 21% of US GDP. Histor