Business

Fitch Foresees Upgrade of Ecobank’s National Ratings As Exchange-rate Volatility Recedes

Fitch Ratings foresees an Ecobank Nigeria upgrade of ENG’s National Ratings which would result from strengthening its creditworthiness relative to other Nigerian issuers. According to the international rating agency, it expects to resolve the Rating Watch Negative (RWN) of ENG “within the next six months when exchange-rate volatility may recede, the impact on regulatory capital […]

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Technology

NITDA Laments Absence of Nigerian Made IoT Device, Seeks More Data Center for IOT Data Storage

National Information Technology Development Agency (NITDA), said there are no locally manufactured IoT devices, and calls for the need to build infrastructure, like data centers, cloud solution where IoT data can be stored. The Director General of NITDA, Mr Kashifu Inuwa, who spoke at the IoT West Africa Conference and Exhibition 2023 in Lagos State, […]

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Telecoms

JUST IN: Telecoms Investment in Nigeria now $75.6bn as Sector Tops-Up GDP By N10.126Trl

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile in the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as of 2021. Danbatta disclosed this at an interactive session with stakeholders in the communications media […]

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Technology

Nigeria’s Neighbour Benin Battles to be Africa’s Technology Catalyst

Benin is positioning itself to become a catalyst for digital development in Africa. Benin recently hosted the Digital Entrepreneurship and Artificial Intelligence trade show, where the country punted itself as a centre of technology innovation in West Africa. Organised by the Ministry of Digital Affairs and Digitalisation, the event brought together Beninese talent and international […]

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News

Ex-Airtel Nigeria Staff Ayo-Oladejo Joins South Africa’s 4th Largest Mobile Network

Former Airtel Nigeria staffer Rachael Ayo-Oladejo has been appointed chief of staff, strategy and business transformation of South Africa’s Cell C, reporting directly to CEO Jorge Mendes. South Africa’s fourth mobile network announced the appointment of Ayo-Oladejo, saying she will play a critical role in driving Cell C’s strategic initiatives. According to a statement, in […]

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Technology

INEC ICT Team Not Resilient Enough to Tackle System Hacking, Says Ex-Commissioner

A former National Commissioner of the Independent National Electoral Commission (INEC), Mustapha Lecky, says those in the Information Communication Technology (ICT) unit of the Commission lack the competence to tackle any technological disruption in their system. He said that INEC over-promised by saying that it will transmit election results in real time, adding that the […]

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Technology

ATCON’s Telecoms Executives & Regulator Forum Returns to Tackle Policy Issues on Infrastructure & Data Protection

The Association of Telecommunications Companies of Nigeria (ATCON) has concluded plans to host the 2023 Telecoms Executives and Regulators Forum with the with the Executive Vice Chairman of the Nigerian Communications Commssion (NCC), Prof. Umar Danbatta, giving a keynote address: “Critical National Infrastructure Policy as a Strategic Tool for attracting rapid investment to the sector” […]

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StartUps

Mena Startups Secures $35.6m in June, to Push Half Year Total by $1.6b

Startups in Mena(Middle East and North Africa) raised $35.6 million in June 2023 across 45 deals, pushing the half year funding total to $1.6 billion. While May was a bounceback month for investment in the region, June has been less dazzling, marking a 92 per cent decrease month-on-month. However, if we exclude Tabby’s $350 million […]

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Business

Juliet Ehimuan Exits Google West Africa After over 12 Years Service

Google’s West Africa Director, Juliet Ehimuan, has left the company to pursue other opportunities. At Google, Ehimuan was instrumental in rolling out transformative digital initiatives like Get Nigeria Businesses Online and the localisation of Google Maps, Streetview, and YouTube.ng. She also facilitated training programs and access projects that enhanced internet accessibility and affordability in Nigeria. […]

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Business

Ecobank Nigeria Gets IFC/NGX Award For Promoting Gender Balance

Ecobank Nigeria limited has been recognized as one of Nigeria’s key private sector players promoting gender balance and equality in the workplace at the Nigeria2Equal Gender Leader awards organized by International Finance Corporation (IFC) and Nigerian Exchange Group (NGX Group). The Gender Leader Awards, which is being implemented under the Nigeria2Equal (N2E) program, is designed […]

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