Business

About $900bn Telecoms Market Revenue Opportunity Ready for Telecoms Operators Investing in Cloud & API Services in 2024

Telecoms operators will find revenue growth through the monetisation of enterprise markets, such as cellular IoT, to capitalise on the $900 billion global telecommunications market this year. Despite their significant investment in 5G networks, operators have struggled to monetise the widespread adoption of 5G by consumers. Failing to gain a significant price premium over 4G […]

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MTN Group President and CEO, Ralph Mupita.
 Financial

MTN Exiting Two African Countries to Focus on Huge Revenue Markets

MTN Group has decided to withdraw from two West and Central African markets, as outlined in its recent 2023 report. The telecom giant has agreed to sell its equity interests in Guinea-Bissau and Guinea-Conakry to Telecel. According to the statement in MTN’s financial report for 2023, MTN reached this agreement in December 2023. “Assets and liabilities of […]

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Business

RETALIATION: China Bans Intel and AMD Chips from Government Kit

Another inevitable wave of reciprocal banning has emerged from China, which now seems to want only Chinese hardware and software on government PCs and servers. The FT was the first to report on it but The Register was good enough to offer a link to the source document. Published with no apparent fanfare late last […]

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Business

Officer in Custody of Escapee Binance Executive Nadeem Anjarwalla Arrested by NSA

Nadeem Anjarwalla, an executive of cryptocurrency platform, Binance, has escaped from custody, according to the Office of the National Security Adviser (NSA), however, the officer in custody of the escapee has been arrested. He is a suspect in the Federal Government’s ongoing probe into Binance activities in Nigeria. But he escaped from custody on Friday, […]

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Financial

Nigeria Files Tax Evasion Charges Against Binance

In a significant move aimed at upholding fiscal responsibility and preserving the economic integrity of the nation, the Federal Government has taken legal action against Binance, a prominent cryptocurrency exchange platform. The charges, formally lodged at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service (FIRS). Designated as […]

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Business

Schneider Electric Collaborates with NVIDIA on Designs for AI Data Centres

Schneider Electric, the leader in the digital transformation of energy management and automation, today announced a collaboration with NVIDIA to optimise data centre infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. Schneider Electric will leverage its expertise in data centre infrastructure and NVIDIA’s advanced AI technologies to introduce […]

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News

NDPC to Partner Ondo to Upskill Youths, Create Jobs in Data Protection

The Nigeria Data Protection Commission (NDPC) has expressed its readiness to work with the Ondo state government to promote a culture of Data Protection that would also help create employment opportunities for young people in the state. The National Commissioner/CEO of NDPC, Dr Vincent Olatunji, revealed this when he received the Ondo State Deputy Governor, […]

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MD/CEO of the Aliko Dangote Foundation, Zouera Youssoufou, Group ED, Commercial Operations, Dangote Industries Limited (DIL), Fatima Aliko Dangote, President, Dangote Group, Aliko Dangote and the Governor of Kano State, Mr Abba Kabir Yusuf.
 Business

Dangote Invests N15bn on Food Intervention Programme Across Nigeria

The Aliko Dangote Foundation ADF, has launched a food intervention programme worth about N15 billion that has resulted into the distribution of over one million bags of 10kg bags across the 774 local government areas of the 36 states and FCT in Nigeria. Speaking at the official flag-off of the intervention programme, President of Dangote […]

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Business

Telecos Revenue from Business SMS to Grow Just by 5% in 2024, as SMS Pricing Becomes Unsustainable

Having experienced decline in growth from the previous year, in which operators experienced a 23% growth in global business SMS revenue, revenue from business SMS traffic will grow by only 5% in 2024. According to Juniper Research, this reduction in growth is primarily due to a reduction in demand from enterprises, following significant SMS price increases […]

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News

NCC Unveils Plans to Mitigate Future West Africa Submarine Cable Mishap 

Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has called for a coordinated and multilateral approach by the region to protect shared telecommunications infrastructure, and diversify connectivity to ensure uninterruptible connections. Executive Vice Chairman of the  Nigerian Communications Commission (NCC), Dr. Aminu Maida, made the submission […]

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