Author: ITPulse

By Abigail Mbah Synthesizing insights from Medinatu Musa, National Cybersecurity Thought Leader and regular TV Analyst. Nigeria current cyber security posture is a clear reflection of disjointed national coordination. Judging by the National Cyber Security Index, (NCSI), that focuses on evaluation of threat prevention and incident management, Nigeria global position is between 40th to 50th out of 160 counties evaluated. This appears to be a fair position based on frameworks and cyber security governance instrument that Nigeria uses to govern cyber security across the nation. Nigeria can be considered as one of the top leaders in Sub-Saharan Africa. However, as…

By Martin Ekpeke Dangote Petroleum Refinery & Petrochemicals has unveiled the key details of its upcoming Initial Public Offer (IPO), targeting a raise of ₦2.15 trillion on the Nigerian Exchange Limited. The public offer, which is structured by way of an offer for subscription at a fixed price, will officially open for subscription on Monday, 14 September 2026, and is scheduled to close on Tuesday, 13 October 2026. According to the offer details, the refinery is offering 4.1 billion ordinary shares of US$0.000013 each at an offer price of ₦525.00 per share. The company stated that net proceeds from the…

By Abigail Mbah Nigeria’s mobile internet subscriber base is increasingly dominated by MTN Nigeria and Airtel, according to the latest figures from the Nigerian Communications Commission. Smaller operators are either losing ground or seeing their numbers freeze due to reporting problems. NCC data shows T2 Mobile’s active mobile internet subscribers locked at 802,534 across April, May and June 2026. The identical monthly figures stem from the operator’s failure to submit updated reports, the regulator confirmed. An NCC spokesperson attributed the gap to “technical challenges” and noted that published statistics rely on the last reports received from operators. T2’s actual customer…

The Africa Sustainability Forum (ASF) 2026 is set to hold on October 20, 2026, at the Oriental Hotel, Lagos, focusing on green growth and shared prosperity across the continent, organizers TheNumbersNG.com have announced. Convened under the theme “Sustainable Futures: Driving Just Transitions, Green Growth and Shared Prosperity,” the forum will gather policymakers, business leaders, regulators, investors, development partners, and sustainability professionals to examine actionable solutions for advancing sustainable development. According to a statement signed by Elvis Eromosele, Lead Coordinator of the Africa Sustainability Forum, the event will address critical issues shaping Africa’s economic and environmental landscape. Key focal areas include…

By Martin Ekpeke African nations could unlock up to $1.43 trillion annually by implementing comprehensive economic reforms, according to the 2026 African Economic Outlook report released Tuesday by the African Development Bank (AfDB) Group during its annual meetings in Brazzaville. The report, themed Mobilizing Africa’s Development Financing at Scale in a Fragmented World, outlines a strategy to address the continent’s annual development financing deficit of more than $1.3 trillion required to meet the Sustainable Development Goals (SDGs). According to the flagship report, the $1.43 trillion potential can be realized through stronger tax and non-tax revenue collection ($469 billion), improved public…

FairMoney Microfinance Bank, a CBN-licensed digital financial institution in Nigeria, has announced that it has surpassed 30 million registered users in the country, marking a significant milestone in its mission to make financial services more accessible to Nigerians. This milestone represents more than growth. It reflects the growing number of Nigerians choosing FairMoney for their everyday financial needs Today, millions of people use FairMoney to borrow, save, transfer money, pay bills, use cards, finance assets through its technology-enabled banking platform for individuals and businesses. Reaching more than 30 million registered users demonstrates how technology can help extend formal financial services…

By Martin Ekpeke Annual global expenditure on data centre infrastructure is projected to reach $1.8 trillion per year by 2050, up from roughly $800 billion in 2026, according to a major report published by PwC. The Global Data Centre Outlook, the first long-range analysis to project capital expenditure in the sector through mid-century, forecasts a cumulative $31.6 trillion investment pipeline to build and sustain the compute capacity required for advanced artificial intelligence. Unlike historical infrastructure investments like roads or utilities, where capital spend drops sharply after initial construction, the AI buildout will require continuous, compounding reinvestment. PwC projects that recurring…

HP and Sub-Saharan Africa’s leading digital skills partner, UpSkill Universe, have launched a new initiative aimed at delivering free, practical artificial intelligence training to 55,000 small and medium-sized enterprises (SMEs) across Nigeria and South Africa. The AI Skills for Business Programme powered by the HP Foundation’s free global training platform, HP LIFE is designed to help small businesses bridge the gap between basic AI awareness and real-world commercial growth. While interest in artificial intelligence has surged across the continent, hands-on adoption remains low. A recent study highlights that nearly 70% of African SMEs are still in the earliest stages of…

By Martin Ekpeke Tech enterprises, government policymakers, investors, and startups converged in Lagos on Wednesday to accelerate West Africa’s ascent in the global intelligence economy. The gathering marked the official opening of the second edition of GITEX NIGERIA, featuring an inauguration ceremony led by top government officials and global industry leaders. The two-day Lagos leg follows Monday’s sell-out Government Leadership & AI Summit in Abuja, transitioning West Africa’s largest tech, AI, and startup event to Nigeria’s commercial hub for product showcases and strategic dialogue. The choice of Lagos underlines the city’s rapidly growing stature in global technology. Ranked as the…

By Abigail Mbah Uber has officially shut down its ride-hailing operations in Nigeria and Uganda, following a thorough strategic review of its business priorities. The withdrawal coincides with a broader global restructuring effort that includes laying off approximately 3,300 employees, roughly 10% of Uber’s global workforce and reducing management roles by 20%. Despite leaving these two markets 12 years after its initial launch in Lagos, Uber stressed that its presence elsewhere in Sub-Saharan Africa remains intact, framed as a realignment to focus capital on high-scale markets. In contrast, rival ride-hailing giant Bolt has announced it will remain firmly committed to…