Author: ITPulse

The Nigerian Communications Commission (NCC) has approved a maximum 50% increase in telecom tariffs, falling short of the over 100% requested by some operators. The decision, announced today in a statement signed by Reuben Mouka, Director of Public Affairs, aims to address the rising operational costs faced by telecom companies while ensuring consumer interests are protected.  The NCC, acting within its regulatory powers, stated that tariff adjustments are necessary to bridge the gap between operational costs and current rates, which have remained static since 2013. The approved increase will be implemented gradually and within the limits set by the 2013…

Konga’s annual Jara sale is bringing joy to Nigerian shoppers with discounts up to 50% off on a wide variety of products. This year’s sale, called “Confam New Year Deals,” is a lifesaver for many Nigerians who are feeling the financial pinch after the holidays. Shoppers are snapping up essential household items, with electronics, appliances, and everyday essentials leading the way. In fact, data from the first two weeks shows that nearly half (45%) of all sales are in these categories. Groceries and other FMCG products are close behind at 30%, while fashion and lifestyle items make up the remaining…

Three brilliant young minds have emerged victorious in the sixth edition of InterswitchSPAK, Nigeria’s premier science competition. The competition, which aims to inspire and empower the next generation of STEM leaders, concluded with a thrilling finale, showcasing the exceptional talent and ingenuity of Nigerian students. Ndudu Ekong Henry from Pegasus School, Akwa Ibom State, claimed the top prize – a ₦15 million scholarship spread over five years, a brand-new laptop, and monthly stipends to support his academic journey. Eric Denyefa Omare from St. Gregory’s College, Lagos State, secured second place, winning a ₦10 million scholarship over three years and a…

FBNQuest Asset Management, a subsidiary of FBN Holdings Plc., has been awarded an “A+” rating by Agusto & Co. Limited. This rating reflects the firm’s strong financial position, robust risk management practices, and impressive operational performance. Agusto & Co., a leading rating agency in Nigeria, issued the rating in a recent report. The recognition underscores FBNQuest Asset Management’s commitment to providing exceptional investment services to its clients through a diverse range of products and services tailored to meet their needs. “We are delighted to receive this ‘A+’ rating from Agusto & Co.,” said Ike Onyia, Managing Director of FBNQuest Asset…

MarketBuddy, an e-commerce platform, has officially launched in Nigeria, aiming to connect buyers and sellers nationwide. The platform offers three key services: the sale of goods and services where vendors can showcase their products and services directly on the platform; the auction module which enables users to participate in auctions for various items and affordable web services providing small businesses with an online presence at a low cost. Speaking at the launch in Lagos, Founder and CEO Adejuwon Adeboboye emphasized the platform’s goal of empowering artisans with a limited online presence. “We aim to bridge the gap between blue-collar artisans,…

The Nigerian government has launched a major initiative to remove the country from the Financial Action Task Force (FATF) Grey List by May 2025. This ambitious goal is being spearheaded by the National Information Technology Development Agency (NITDA) and the Nigerian Financial Intelligence Unit (NFIU), working together to develop a cutting-edge data management platform. The initiative, a direct order from President Bola Tinubu, aims to address the seven key issues that led to Nigeria’s inclusion in the Grey List in 2013. These issues include deficiencies in combating money laundering, terrorism financing, and arms proliferation, as well as shortcomings in the…

The Cyber Security Experts Association of Nigeria (CSEAN), an umbrella body of all Nigerian cyber security professionals, has highlighted all the factors that will contribute to the 2025 cyber security threats in the country. In a 21-page report titled ‘Nigeria Cyber Threat Forecast 2025,’ CSEAN highlights the urgent need for stakeholders across government, the private sector, and civil society to address the growing complexities of Nigeria’s cybersecurity landscape. This comprehensive report details the persistent and emerging threats expected to shape the digital environment in 2025, emphasizing the pressing need for strategic actions to mitigate risks and foster resilience. The forecast…

By Martin Ekpeke In a move to steer the Nigerian fintech industry towards a prosperous 2025, PalmPay, the leading financial app with 16 million monthly active users, has unveiled seven key forecasts for the year. During a media roundtable in Lagos, Chika Nwosu, Managing Director of PalmPay, emphasized the crucial role these forecasts will play in guiding the industry and further accelerating financial inclusion, which has seen a remarkable 23% increase in the past 13 years. Key Predictions: 1.      Enhanced Financial Inclusion: Fintech companies are poised to leverage innovative technologies like digital wallets, seamless payment gateways, and USSD services to…

By Martin Ekpeke Nigeria’s Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has indicated that any upcoming increase in telecommunications service tariffs will not exceed 60%. This follows recent demands by telecom operators for a substantial tariff hike, reaching as high as 100%. During a recent television appearance, Minister Tijani emphasized that a 100% increase would harm Nigerian citizens and hinder economic growth. He stated that the anticipated tariff increase will likely fall within 30% to 60%, based on recommendations from KPMG reports currently under review by his team. The Minister highlighted several measures to support the telecom…

Infobip, a global communications platform, has again been recognized as a top performer in the CPaaS market, securing a prominent position in Metrigy’s 2024 CPaaS MetriRank Report. This marks the second consecutive year Infobip has demonstrated industry leadership. The MetriRank report evaluates key players in the global CPaaS market across several dimensions, including market share, financial performance, product offerings, customer satisfaction, and business outcomes. Infobip distinguished itself with an exceptional product portfolio and garnered high customer praise. Beth Schultz, VP of Research at Metrigy, emphasized Infobip’s strong market presence, robust product portfolio, and effective go-to-market strategy, particularly highlighting their focus…