NCDMB, APPO plan 'Centres of Excellence in African Local Content Development' - ITREALMS

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The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of excellence in local content development. 

Both organisations also encouraged African petroleum producing countries to develop specialised capacities in core oil and gas services, and patronise one another in their respective areas of expertise.

Buhari signs Act to establish National Agricultural Development Fund - ITREALMS

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Nigerian President, General Mohammadu Buhari, retired, has signed the National Assembly (NA) bill seeking the establishment of National Agricultural Development Fund (NADF) into an Act, reports ITREALMS.

According to an official gazette of the Federal Republic of Nigeria published on October 30, 2022, with Number 192 and volume 109 sighted by ITREALMS, as certified by the clerk of the National Assembly, Mr. Amos Olatunde Ojo.

Bayelsa to establish 3 community radio outlets

ITRealms:

The Bayelsa State Government on Monday said says it would soon establish community radio stations in the three senatorial zones of the state as part of measures to increase public awareness and enlightenment to the grassroots, reports ITRealms.

The Commissioner for Information and Orientation, Daniel Iworiso-Markson, made the announcement in Yenagoa shortly after taking over from his predecessor, Jonathan Obuebite.

According to him, public information should not only be centered on the capital city Yenagoa but should reach people in the rural areas to properly inform them on government programmes and policies.

Iworiso-Markson explained that the‎ community radio would be very useful and would be run in local languages with very rich content. 

He said, "We will pursue public enlightenment with great vigor. Our people need to be reached with what the government is doing. This government under the able leadership of His Excellency, Honourable Henry Seriake Dickson has done so much for our people and they need to know. 

"From education revolution, where the declaration of a state of emergency since inception has recorded massive growth in infrastructure and thus effectively changed the fortunes of students in appreciable performance to the award of scholarships at home and abroad, giant leaps in public infrastructure as we have in institutional buildings, quality roads and bridges across the state, to economic diversification, we need to let them know and there is a whole lot to be done and we can achieve them working together.  

"The idea of the community radio will encourage the confidence of out people, make them have a sense of belonging and constantly bring them up to speed with the progress made in a language they so understand."

Iworiso-Markson, thanked Governor Seriake Dickson for the new opportunity and his predecessor for the many‎ achievements he had recorded and promised to build on it for the overall good of the government and people of the state.

Earlier, the former Commissioner, Jonathan Obuebite highlighted some of his achievements including the revival of the ministry's magazine, Bayelsa Strides and the establishment of a news website, Bayelsa Watch.

Obuebite added that he has no doubt that his successor would succeed because of his capacity and experience as a seasoned media practitioner and public relations expert.

While appreciating the Permanent Secretary, Directors and staff for their support, he encouraged them to also extend same to the new commissioner to enable him succeed on all fronts. 

Uboshe Uboshe/GEE

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Intel, TPG establish world’s largest pure-play cybersecurity firms worth $4.2bn

ITRealms:

The duo of Intel Corporation and leading global alternative asset firm, TPG have established the world’s largest pure-play cybersecurity firms worth $4.2bn, reports ITRealms.

This collaboration, ITRealms reports saw to Intel and TPG jointly investing in spin-out of Intel Security in a transaction valuing the business to the tune of $4.2 billion.

ITRealms gathered that Intel received $3.1 billion in cash and retained 49 per cent stake after completion of the transaction, while TPG owns 51 per cent of the new company, which will be named McAfee, as the leading independent cybersecurity company

Industry observers said the investment reflects TPG’s confidence in Intel security’s industry-leading enterprise and consumer businesses, strong market position, and business momentum, which positions new company as one of the world’s largest pure-play cybersecurity firms.

According to Intel senior vice president and Intel Security general manager, Mr. Chris Young said existing management team would lead the new company following transaction closure.

Through this transaction, TPG, a leading global alternative asset firm with demonstrated expertise in growing profitable software companies and carve-out investments, and Intel, a global technology leader that powers the cloud and billions of smart, connected computing devices, will work together to position McAfee as a strong independent company with access to significant financial, operational and technology resources.

Mr. Young also said that with the new investment from TPG and continued strategic backing of Intel, the new entity is expected to capitalize on significant global growth opportunities through greater focus and targeted investment.

The new company, ITRealms reports, will be one of the world’s largest pure-play cybersecurity companies. Just as last year, Intel Security unveiled a new strategy that refocused the business on endpoint and cloud as security control points, as well as actionable threat intelligence, analytics and orchestration.

“This new strategy allows customers to detect and respond to more threats faster and with fewer resources,” Young enthused.

Reacting to this development, Brian Krzanich, the chief executive officer, Intel, noted that security remains important in everything at Intel and going forward they company will continue to integrate industry-leading security and privacy capabilities in its products from the cloud to billions of smart, connected computing devices.

“As we collaborate with TPG to establish McAfee as an independent company, we will also share in the future success of the business and in the market demand for top-flight security solutions, creating long-term value for McAfee’s customers, partners, employees and Intel’s shareholders. Intel will continue our collaboration with McAfee as we offer safe and secure products to our customers,” Krzanich said.

The Co-Founder and Co-CEO of TPG, Jim Coulter, they believe that McAfee will thrive as an independent company.

“With TPG’s investment, along with continued support from Intel, McAfee will sharpen its focus and become even more agile in its response to today’s rapidly evolving security sector. TPG is excited to partner with Intel and McAfee management to accelerate growth of the business by enhancing its go-to-market strategy and continuing to grow and strengthen its core product offerings” Mr. Coulter assured.

Chuks Egbune/GEE

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