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Technology

Terrestrial Fiber Infrastructure Investment key to Africa’s Digital Economy Growth, Say Experts

Experts at the ‘Africa Panel Session’ of the 2019 International Telecoms Week (ITW), held recently in Atlanta, USA, and ended last week stressed the importance of broadband infrastructure investment in facilitating the growth of Africa’s digital economy. Speaking on the theme “Enabling Africa’s Digital Economy”, Principal Analyst at TeleGeography, Patrick Christian, evaluated the African digital […]

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FinTech

Six Lagos fintech startups Gets Equity-free Funding from ARM Labs

Six Nigerian fintech startups have each received N3 million ($8,300) in equity-free funding after taking part in the ARM Labs corporate acceleration programme. The ARM Labs accelerator, managed by Ventures Platform, was designed to help idea and growth stage fintech companies commercialise and distribute their innovations. Startups were provided with co-working space and hands-on mentoring, […]

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Telecoms

Tax Case: MTN Expresses Confidence in Nigeria’s Court System, Witness Absence Stalls Proceeding

The absence of a witness for the Attorney General of the Federation on Wednesday forced the Federal High Court in Lagos to adjourn till October for hearing of a suit filed by MTN Nigeria Communication Limited against the AGF over N242bn and $1.3bn import duties and withholding tax assessments. MTN in statement however said:”We are […]

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Media OutReach

Energy Startup Arnergy Secures $9m Series A Funding

A Nigerian utility firm, Arnergy has raised $9 million in a Series A round of funding led by Breakthrough Energy Ventures and Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFI and Shells’ All On. Arnergy is a distributed utility company that provides energy solutions tailored towards emerging markets. Its distributed renewable energy systems harness […]

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StartUps

MAX.ng Lagos City Bike Transport Startup Raises $7m Funding Round

MAX.ng a motor bike transport company that easy traffic for commuters in the city of Lagos has secured $7 million in funding to expand across West Africa and add to its product offering. Founded in 2015, MAX.ng is a mobility platform that connects users to vetted professional motorcycle-taxi drivers via a mobile app. The startup […]

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StartUps

Lagos ed-tech Startup ScholarX Secures $100k in Pre-seed Round

Lagos ed-tech startup ScholarX, which was part of the Google Launchpad three class has raised $100,000 towards an intended $200,000 pre-seed funding round to launch new products and grow its team. Launched in Nigeria in July 2016, the ScholarX app allows users to select parameters and scroll through lists of available scholarships that match their […]

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Technology

Cloud IT Infrastructure Revenues Increase Despite Slow Down in Spending in 1Q19

Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, grew 11.4% in the first quarter of 2019 (1Q19), reaching $14.5 billion. Report from International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, showed it also lowered its forecast for total spending […]

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Technology

NIMC Extends Diaspora Enrolment to India

Enrolment for Nigerians in Diaspora into the National Identity Database, has been extended to those in the Republic of India by the National Identity Management Commission in the programme. The Director General/CEO NIMC, Engr. Aliyu Aziz reiterated that the extension is in line with NIMC’s mandate to ensure that all Nigerian citizens, Legal Residents and […]

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Telecoms

MainOne to Support University of Benin’s ICT Program

MainOne, West Africa’s leading connectivity and data centre solutions provider, on the heels of the expansion of its network into Edo State has assured the University of Benin of its support towards continued ICT development at the University. The CEO of MainOne reiterated her commitment towards improving access to ICT on campus with the investment […]

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Telecoms

NCC Appoints New Public Affairs Director

The Management of the Nigerian Communications Commission (NCC) has conveyed its decision to appoint Dr. Henry Nkemadu as Director Public Affairs. A graduate of veterinary medicine from the University of Nigeria, Nkemadu has traversed the length and breadth of NCC acquiring experiences that qualify him for his new role. A former Controller of the Lagos […]

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