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Lagosians can now enjoy free WiFi services from Google

Google has announced the launch of free Wi-Fi hotspots in Lagos.

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Google

Google has announced the launch of free WiFi hotspots in Lagos. The new initiative by Google is in partnership with Fibre cable network provider, 21st Century.

The new free public WiFi services, called Google Station will be located in about 200 sites across Lagos, with planned expansion to other five states by 2019. Five of the stations including the Local Airport, Computer Village, Landmark, The Palms, and Ikeja City Mall, and these locations are already live. The states include Kaduna, Rivers, Oyo, Enugu, and Abuja. Nigeria is the fifth country to launch Google Station following its launch in India, Indonesia, Mexico, and Thailand.

What does Google Station mean

This is a service that allows Google partners to roll-out WiFi hotspots in public places by providing software and advice on hardware to turn fiber connections into WiFi.

A boost for internet penetration in the country

Nigeria’s Internet penetration is still low and according to World Bank data, just a meager 25.7 percent of the entire population made use of internet in 2016. The growth has been hampered by poor infrastructure leading to broadband services been either unreliable or too expensive to millions of Nigerians.

Juliet Ehimuan-Chiazor, Google’s Country Director revealed that the move was to ensure more participation by Nigerians in the digital economy while noting that the initiative was targeted at a populated area with the hope that by 2019, about 10 million Nigerians must have benefited.

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The Country Director also said the service is aimed at countries with a rapidly expanding population. Nigeria is predicted to be the world’s third most populous nation after India by 2050.

In her words:

“Knowing fully well that World Bank claimed that there is a direct correlation between broadband and GDP growth, meaning that a 10 percent increase in broadband correlates to a 1.38 percent increase in GDP growth.”

How Google intends to make money from the free Wi-Fi

The company noted that it planned to generate cash from the service by placing Google adverts in the login-portal while revenue will be shared with partners who will help maintain and deploy the free Wi-Fi services.

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Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via [email protected]

1 Comment

1 Comment

  1. rasaq balogun

    July 26, 2018 at 9:03 pm

    laudable project.Google please keep it up

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Appointments

Flour Mills Appoints Former 9Mobile MD as Director and Group Chief Operating Officer

The appointment of Mr Olusanya brings to 14 the total number of members of the Board of Directors.

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Leading Integrated Food and Agribusiness giant, Flour Mills of Nigeria Plc, has announced the appointment of Mr Omoboyede Oyebolanle Olusanya to the Board of Directors of the firm.

The appointment of Olusanya, who recently joined Flour Mills as the Group Chief Operating Officer, took effect from July 29, 2020.

This disclosure was made in a notification which was sent to the Nigerian Stock Exchange (NSE) for the investing public and signed by the company’s Company Secretary/Director, Legal Services, Joseph Umolu.

The notification from the company reads, “Flour Mills of Nigeria Plc, Nigeria’s leading integrated food business and Agro-allied group, owners of the iconic brand, Golden Penny, today announced the appointment of Mr Omoboyede Oyebolanle Olusanya, to the board of Directors effective 29 July 2020.’

The statement notes that Mr Olusanya, who holds a B. Sc. (Hons) in Civil Engineering from the University of Lagos and two Masters degrees in environmental engineering and Computer Science from the University of Liverpool and the University of Manchester respectively had recently joined Flour Mills as the Group Chief Operating Officer in January 2020.

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Before joining Flour Mill, Olusanya had served in similar leadership positions including Chief Business Transformation Officer at Dangote Group, where he spearheaded the transformation of the group, between July 2017 and October 2018. He was the Managing Director/Chief Executive of Emerging Market Telecommunications Service (9Mobile). He is also on the board of Axxela, Starsight and OVH Energy.

In his comment, the Chairman of the Board, Mr John Coumantaros, said, “We are most excited to welcome Mr Olusanya to our Board of Directors. He is a seasoned business leader, whose expertise and vast experience in areas such as Telecommunications, Financial Services, Energy and Manufacturing are mission-critical to our future operations and strategy and will help Flour Mill further its purpose of feeding the nation, every day.”

The appointment of Mr Olusanya brings to 14 the total number of members of the Board of Directors.

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Coronavirus

COVID-19: Russia produces first batch of its newly approved vaccine

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COVID-19: J&J starts vaccine trials on humans after success on monkeys

Russia announced on Saturday, August 15, 2020, that it has produced the first batch of its newly approved vaccine, Sputnik V, hours after the health ministry reported the start of its production.

The disclosure was made in a statement by the Russian Health Ministry and quoted by Russian news agencies.

This is coming some days after the Russian President, Vladimir Putin, announced the registration of the world’s first COVID-19 vaccine in what could be described as a step ahead of other vaccine developments.

The announcement is seen as a propaganda coup for the Russian government against the west amid a global race to develop vaccines against the coronavirus disease.

The announcement of the vaccine registration by Putin was met with caution from scientists and the World Health Organization (WHO), who said that it still needed a rigorous safety review. Some of the scientists fear that with this fast regulatory approval, Russia may be putting national prestige ahead of safety.

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Putin had said the vaccine was safe and that one of his own daughters had been inoculated, although the final stage testing involving over 2,000 people just started this week. Such trials are considered very important before a vaccine can secure regulatory approval.

Russia has said the vaccine which is the first for the coronavirus disease to go into production, will be rolled out by the end of August.

The Gamaleya Research Institute, which developed the vaccine in collaboration with the Russian Defence Ministry, said that Russia would be producing about 5 million doses a month by December or January.

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Companies

Heineken scoops more Nigerian Breweries shares in insider disclosure

The company has about 8 billion shares outstanding with Heineken as the majority shareholder.

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Nigerian Breweries major shareholder, Heineken disclosed it purchased 274,542 units at an average price N35.76 per unit.

Insider disclosures are reported on the Nigerian Stock Exchange as a regulatory requirement especially when it informs a major shareholder or director of a company purchasing shares in the company they own.

In a related development, its chairman Chief Kolawole Babalola Jamodu also purchased 10,000 units at N37 per unit.

Nigeria Breweries closed at N36 per share on Friday trading at a price to earnings of 34x. The company has about 8 billion shares outstanding with Heineken as the majority shareholder.

What this means: Insider purchases are often an indication of how shareholders perceive the company’s valuation. It can also mean a lot of things from a possible capital raise to a strengthening of their existing holdings.

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Nigerian Breweries has struggled for growth over the last few years as consumers continue to experience a change to taste and preference for alcohol.

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