By Elvis Eromosele “The Stone Age did not end because the world ran out of stones, and the Oil Age will not end because we run out of oil.” The quote, widely attributed to former Saudi Arabian Oil Minister Ahmed Zaki Yamani, captures a truth Nigeria has grappled with for decades. Successive governments have long recognised the need to diversify the economy away from oil dependence. Increasingly, experts have pointed to the digital economy as Nigeria’s most promising path to sustainable growth. The sector has already demonstrated enormous potential, and current developments suggest that its biggest gains may still lie ahead.…
Author: ITPulse
The Deputy Vice-Chancellor (Academic) of Obafemi Awolowo University (OAU), Professor G.A. Aderounmu, has commended financial technology giant Moniepoint for its continued commitment to driving digital transformation and youth empowerment in Nigeria. The commendation was delivered in a goodwill message during the official launch of the Moniepoint Innovation Initiative, held in Ile-Ife yesterday. The event drew key industry partners, innovators, academic staff, and students. Professor Aderounmu described the launch as another important milestone in fostering collaboration between academia and industry towards innovation, entrepreneurship, digital transformation, and youth empowerment. The Deputy Vice-Chancellor emphasized that Moniepoint’s latest initiative is part of a sustained…
Moniepoint has announced a ₦3 billion investment to establish state-of-the-art innovation hubs across three major Nigerian universities: Obafemi Awolowo University (OAU), the University of Nigeria, Nsukka (UNN), and Ahmadu Bello University (ABU). According to Tosin Eniolorunda, Co-founder and CEO of Moniepoint Group, the initiative is a way of paying the trust forward to the Nigerian university system, which provided the foundational training that enabled him and his co-founder, Felix Ike, to build their successful careers. Eniolorunda emphasized that scaling Nigeria’s digital economy requires a high density of localized, industry-ready technical talent rather than just relying on potential. By anchoring these…
New collaboration introduces instant digital onboarding and automated device repair approvals across SLOT stores nationwide. Cube Cover, a Tasala Insurance Broker company, has announced the launch of its groundbreaking device protection product in collaboration with SLOT Systems Limited, Nigeria’s largest mobile retail and distribution network. The strategic alliance introduces “SUPER FIX,” a device protection plan designed to completely redefine how Nigerians protect, repair, and maintain their smart devices. The innovative service combines seamless digital onboarding, instant repair approvals, and nationwide service access through SLOT’s extensive retail footprint. Starting from as low as ₦5,000 per year, customers can purchase the Super…
The National Information Technology Development Agency (NITDA) and Benin Republic’s Information Systems and Digital Agency (ASIN) have moved to deepen bilateral cooperation. The partnership focuses on accelerating digital transformation, expanding digital public infrastructure (DPI), and advancing innovation-driven governance across the West African region. The commitment was reaffirmed during a courtesy visit by the Beninese delegation to NITDA’s corporate headquarters in Abuja. Both agencies held extensive discussions on sharing best practices and building resilient digital ecosystems to support sustainable regional growth. Speaking on behalf of NITDA Director General Kashifu Inuwa, Dr. Aristotle Onumo (Director of Stakeholder Management and Partnerships) emphasized Nigeria’s…
The National Information Technology Development Agency (NITDA) has taken a major step toward boosting Nigeria’s digital economy by inaugurating a Technical Working Group (TWG). This initiative is designed to strengthen cross-agency collaboration and establish a coordinated, multi-sector regulatory sandbox framework that fosters responsible innovation. Speaking at the inauguration, NITDA Director General Kashifu Inuwa—represented by the Acting Director of Regulation and Compliance, Barrister Emmanuel Edet—highlighted that traditional, isolated regulatory models are no longer sufficient for today’s fast-paced tech landscape. “As government institutions, our core responsibility is to provide solutions to the challenges faced by Nigerians,” Inuwa stated. “Regulators often operate in…
Coscharis Technologies Limited, in collaboration with Huawei, has officially launched the innovative Huawei IdeaHub S3 interactive board into the Nigerian market. Held in Lagos, the unveiling attracted top industry stakeholders, partners and technology enthusiasts. Reaffirming the company’s commitment to introducing cutting-edge technologies into the Nigerian market to accelerate the country’s technological advancement, the Managing Director of Coscharis Technologies Limited, Dr. Sunday Mukoro, appreciated guests, describing the Huawei IdeaHub S3 as a next-generation smart collaboration device equipped with advanced features designed to enhance productivity, communication, and digital collaboration across businesses, educational institutions, and organizations. To further excite participants at the launch,…
FairMoney Microfinance Bank has announced the official launch of its Asset Financing Solution, a strategic initiative designed to expand access to credit-backed asset financing for mobility entrepreneurs nationwide, utilizing a robust, data-driven application and evaluation process. The Nigerian transportation and logistics sector continues to anchor the economy, recording sustained growth rates of approximately 9.87%–10.1% in late 2025. With road freight and passenger transport remaining the nation’s dominant modes of transit, FairMoney’s new initiative aims to bridge the financing gap for thousands of transporters and delivery merchants. By providing structured access to commercial vehicles, the product directly addresses the credit limitations…
Smiles all around as students of Opebi Primary School celebrate their rewards from the PalmPay Young Stars initiative Nana Sani, a Primary 4 student at Opebi Primary School in Lagos, emerged as the best-performing student in her school and was awarded a scholarship under the PalmPay Young Stars initiative. It was a proud and emotional moment for her mother, who has worked hard to ensure she completed her elementary education. Stories like Nana’s reflect the reality for many families across Nigeria. Every day, children go to school with the hope that education will lead to a better future. But for…
By Epiphanus Obia Nigerian poet and editor Adedayo Agarau has launched Looters, a publicly accessible archive mapping Nigerian political corruption from the 1990s to the present, with 615 documented entries and 561 recorded connections between individuals, institutions, and shell companies. Agarau announced the project on May 18 via his X account. The archive, accessible at 1000reasons.vote/looters, was last updated on May 19, 2026. The database spans ten political eras, from the First Republic through the current Tinubu administration, which accounts for 223 entries. The Buhari era carries the most entries at 273, followed by the Jonathan period with 221. Each…
