Business

Vertiv Expertise & Solutions Growing Impact on African Telecommunications Industry 

A new trends piece from Vertiv, looking at the telecommunications space in Africa; its importance, regional challenges and opportunities. The telecommunications industry across Africa occupies a complex yet active space, with factors such as significant investment in sub-sea connectivity cables, increasing demand for data centres, and the rollout of terrestrial fibre broadband infrastructure gaining increasing […]

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Business

Again, OPAY Pledges to Implement CBN’s KYC Mandate, Unveils 2024 CSR Plan Targeting Education  

Leading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number (NIN) starting March 1, 2024. This commitment follows the recent directives from the Central Bank of Nigeria (CBN) on Know-Your-Customer (KYC) requirements, mandating all individual accounts and wallets […]

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Business

OPay to Block All Non-NIN Complaint Accounts by March 1st

All accounts on OPay, Nigeria’s fintech company that are not properly linked with the National Identification Number (NIN) would be blocked by March 1, 2024. Also, fraudulent accounts and those that do not meet the know-Your-Customer (KYC) of the Centra Bank of Nigeria would also be removed from the OPay platform. The Director of Partnerships […]

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Technology

AI Chip Market Revenues to Surpass $126bn by 2027 as Nvidia Battles Intel

The AI chip market has witnessed remarkable growth and innovation. This plays a pivotal role in advancing artificial intelligence (AI) technologies. The accelerated AI chip development is a goldmine for big chip manufacturing giants as revenues will escalate in the forthcoming years. According to Stocklytics.com, AI chip market revenues will exceed $126 billion by 2027. As […]

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News

Smartcash Payment Service Bank Signs Strategic Partnership with Stanbic IBTC to Boost Cash Services in Nigeria

Smartcash Payment Service Bank (PSB), a subsidiary of Airtel Nigeria, is going into strategic partnership with Stanbic IBTC Bank to boost cash deposits and withdrawals for Smartcash customers across Nigeria. The new collaboration between the two visionary companies aims to leverage Stanbic IBTC Bank’s branch network to provide additional financial services to Airtel Smartcash customers […]

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Dr Maida with top officials of the NCC at the event.
 Business

100 Days in Office: Maida Unveils Stakeholder’s Centric Drivers, Vows to Hold Telecos  Accountable for Obligations on QoS 

The Nigerian Communications Commission (NCC), has unveiled key drivers for the telecoms industry that would be deployed to sustained the present growth level of the  industry just as the new Executive Vice Chairman of Commission, Dr Aminu Maida marks his first 100 days in office following his appointment as the new helmsman of the regulatory […]

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Business

NCC Confirms Agreement Between Glo and MTN on Interconnect Fees

The Nigerian Communications Commission (NCC) has confirmed that telecoms operators MTN and Globacom have reached an agreement to resolve interconnect debt issue between them. This was announced this morning in a statement by the Director of Public Affairs of the commission, Reuben Muoka. “In granting the approval, the Commission was deeply conscious of the potential […]

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Dr Aminu Maida EVC, NCC
 Business

NCC Brokers Truce Between MTN Nigeria and Glo Over Interconnect Debts, Orders Parties to Resolve Impasse in 21 Days

The Nigerian Communications Commission (NCC), has broker a truce between MTN Nigeria Plc and  Globacom Limited (Glo) over the disconnection impasse in the interest of the consumer for a period of 21 days. According to a statement issued by the Director of Public Affairs of the NCC, Mr Reuben Mouka,  the Commission expects MTN and […]

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Business

Four Top Trends in Africa’s Energy Sector Data Centres Operators Should Worry About in 2024

As we head into 2024, the renewable energy sector is set to see innovation that will transform the way energy is accessed, stored and deployed across Africa. Paul van Zijl, Group CEO at Starsight Energy, discusses 4 key trends that he thinks will profoundly shape the industry over the next year. Batteries will provide benefits […]

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Business

Impending Entry of MVNOs in 2024 to Rejig Nigeria’s Economic Growth, Says Report  

 With the impending entry of Mobile Virtual Network Operators (MVNOs), the telecommunications landscape in Nigeria, which has undergone a profound transformation in recent years is set for a game-changing transformation, a report by JSC Ingenium, an integrated business solutions provider has revealed, In 2024, Nigeria’s economic growth is expected to accelerate with the arrival of […]

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