Author: ITPulse

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has issued a stark warning about the dire state of the telecom sector, urging for an immediate review of tariffs to ensure its survival. In an address delivered at the End-of-Year Dinner with Industry Stakeholders, ALTON Chairman Engr. Gbenga Adebayo painted a grim picture of the sector facing a “siege” from rising costs, including energy, inflation, and foreign exchange volatility. Despite these mounting challenges, tariffs have remained stagnant, leaving operators struggling to maintain and expand their networks. Adebayo warned of potential consequences if the situation is not addressed, including service shedding,…

UnoTelos, a leading telecommunications innovator in Nigeria, today announced a groundbreaking strategic partnership with Niral Networks, an advanced Private 5G and Edge AI computing solutions provider from India. This collaboration marks a significant milestone in addressing connectivity challenges and driving digital transformation across Africa. The partnership between UnoTelos and Niral Networks emerges from a shared vision to overcome critical network infrastructure limitations that have traditionally hindered technological progress in the region. By combining UnoTelos’ deep understanding of the African market with Niral Networks’ cutting-edge NiralOS 5G Core and Edge AI technology, the collaboration aims to deliver secure, low-latency, and scalable…

The Nigerian Communications Commission (NCC) has issued a public notice approving the disconnection of Exchange Telecommunications Limited from MTN Nigeria Communications Limited. The public notice signed by Reuben Mouka, Director, Public Affairs at NCC noted that the decision to disconnect Exchange Telecommunications Limited follows Exchange’s failure to settle outstanding interconnect charges. The NCC, in accordance with the Nigerian Communications Act 2003 and the Guidelines for Procedure for Granting Approval to Disconnect Telecommunications Operators, 2012, reviewed the application from MTN and provided Exchange with an opportunity to respond. After careful consideration, the NCC determined that Exchange’s reasons for non-payment were insufficient.…

Leo Stan Ekeh, Chairman of Zinox Group, has dismissed a recent lawsuit filed against him, his companies, staff, and wife as a media trial. Ekeh claims the lawsuit is being used to harass him and his associates. Ekeh refutes the allegations made by Femi Falana (SAN), the lawyer representing Benjamin Joseph of Citadel Oracle Concepts Ltd, accusing him of misleading the Attorney General to issue a fiat for the case and engaging in media trial tactics. According to Ekeh, several reasons why he believes the lawsuit lacks merit include the fact that Benjamin Joseph was already convicted of false petitioning…

In an extraordinary display of excellence, Kingsley Ifeanyi Adonu, a leading MTN Nigeria partner from Enugu, has shattered records to claim the top prize at the 2024 MTN Nigeria Partners Award. Adonu emerged as the number one partner in airtime and data distribution across Nigeria, a monumental achievement that marks the first time a partner from the Southeast has reached such heights in the history of MTN Nigeria. This victory is not just a personal milestone for Adonu but a transformative moment for the Southeast region. His success is a beacon of hope and a testament to the power of…

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to Deposit Money Banks (DMBs) and Mobile Network Operators (MNOs) to settle the outstanding N250 billion USSD debt within six months, failing which they face severe penalties. In a joint circular dated December 20, 2024, the regulators outlined a structured payment plan requiring banks to pay 60% of debts incurred before February 2022 as full and final settlement by July 2, 2025. For debts incurred after February 2022, banks must pay 85% of outstanding invoices by December 31, 2024, and ensure 85% of…

Ozi, a pioneer community-driven delivery app, launches today. It offers users a new way to send packages and earn extra cash.   By connecting people traveling with those needing package delivery, Ozi turns everyday trips into profitable opportunities. It aims to disrupt the global parcel delivery industry, also known as the Courier, Express, and Parcel (CEP) market, which is currently valued at around $460 billion.   Imagine this scenario – You’re traveling to Abuja from Lagos and have space in your car. With Ozi, that unused capacity can earn you extra cash by delivering a package along the way. Or…

Pashione, a groundbreaking fashion-tech African fashion social commerce platform, is revolutionizing the African fashion industry by connecting global consumers with talented designers across the continent. Pashione is available in All African countries, including Nigeria, Kenya, Lesotho, South Africa, and Senegal. It boasts a network of over 960 registered vendors. The platform was founded on a passion for African fashion and a desire to empower local designers. “We saw a unique opportunity to bridge the gap between talented African designers and a global audience by providing a platform to showcase their creativity and reach a wider market. Pashione aims to foster…

Lagos-based financial technology firm Patricia Technologies has commenced repayments to customers impacted by a 2022 security breach. This follows a two-year period where the company focused on recovering funds and rebuilding trust. In 2022, Patricia experienced a significant cyberattack, resulting in the loss of over 600 million Naira from customer accounts. Following the breach, the company temporarily restricted withdrawals and collaborated with law enforcement, leading to the arrest of several suspects, including a prominent politician. Patricia had previously requested a two-to-five-year repayment window, a plan that has now begun to be implemented. The company has started disbursing funds to affected…

This holiday season just got a whole lot more exciting! PalmPay, one of Africa’s leading fintech platforms, and Jumia, the continent’s e-commerce giant, have teamed up to launch a festive campaign that’s all about convenience, rewards, and enhancing your shopping experience. Running from December 11th to 28th, 2024, this holiday campaign is set to reward shoppers who use the new “Pay with PalmPay” feature on Jumia with cash prizes. Every purchase made using the direct payment method automatically enters participants into a draw, giving them a chance to win exciting cash rewards while enjoying the seamless shopping and payment process.…