Author: ITPulse

Nigeria’s Information and Communications Technology (ICT) industry has witnessed significant growth over the past two decades, establishing itself as a pivotal sector for the nation’s economy. The rapid expansion of mobile telephony, internet connectivity, and digital services has spurred economic development, innovation, and job creation. According to the National Bureau of Statistics (NBS), “Activities in ICT contributed 16.66 per cent to Nigeria’s real Gross Domestic Product (GDP) in Q4 2023.” The industry is, however, fraught with perennial challenges threatening its sustainability and long-term viability. Key among these challenges include issues of right of way (RoW), multiple taxation, rising electricity costs,…

The President of Rwanda in East Africa, Paul Kagame has hailed 26 students from Nigeria who were among the graduates from the African Leadership University (ALU). The 26 students were among 431 students from 30 African countries – the largest graduating cohort, who were conferred Bachelor of Arts (BA) degrees in Entrepreneurship, Global Challenges, and International Business and Trade, and Bachelor of Science (BSc) degrees in Computer Science. The 2021 undergraduate class also included a cohort of students enrolled on the ALU-Patoranking Scholarship Program. Sponsored by award-winning Nigerian musician Patoranking, the scholarship aims to support equitable access to education for…

By Martin Ekpeke A new report by Check Point Software Technologies has painted a grim picture of Africa’s cybersecurity landscape, revealing a surge in cyberattacks and the continent’s growing vulnerability. In the report, Ethiopia emerged as the second most attacked country globally, followed closely by Zimbabwe in third place. Angola and Kenya also ranked within the top ten, underscoring the continent’s exposure to sophisticated cyber threats. Ransomware, phishing, and data breaches continue to plague African nations, with malware families like Phorpiex, Allcome Clipper, Expiro, Qbot, and FakeUpdates posing significant risks. Sectors such as government, finance, utilities, communications, and education have…

Data presented by AltIndex.com, has shown that crypto wallets saw 91.4 million downloads in the five months of the year, which is only 8% less than in 2023. This is coming after a two-year decline following the peak of the crypto market in 2021, crypto wallet downloads are on the brink of setting a new record. The 2024 crypto hype, driven by technological advancements, increased regulatory clarity, and broader market adoption, has been quite strong, helping the world’s largest digital coins reach their multi-year highs and pushing the total number of crypto wallet downloads way above the levels seen in…

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While attendees at the Sixth Edition of the Policy Implementation Assisted Forum (PIAFO) in Lagos on Wednesday acknowledged the Nigerian government’s ambitious plan to lay 90,000 kilometers of fibre optic cables across the country, they have also raised concerns about overcoming obstacles posed by state governments. They believe that the initiative’s potential to boost the digital economy is huge, but argue that the issue is the high cost of obtaining Right of Way (RoW) permits, which are controlled by state governments. Stakeholders argue that these fees, coupled with additional taxes and levies, could cripple the project. They urged a shift…

In its continued drive to financial inclusion across Nigeria, leading fintech company PalmPay, continues to give its users unlimited free transfers to all banks. This feature which was introduced earlier in the year has been allowing users to make transfers to all banks within the country without incurring any bank fees. PalmPay’s Managing Director, Chika Nwosu, stated, “We are committed to ensuring smooth and easy transactions with our free transfer feature. This shows our dedication to providing accessible and affordable financial services to our over 30 million users and every Nigerian. We believe everyone should have access to affordable financial…

Nigerian businesses, big and small, are urged to leverage Ecobank’s Single Market Trade Hub, a digital platform connecting them to potential partners across Africa. With over 4,000 businesses already on board from 33 countries, the hub offers a wealth of opportunities within the vast African Continental Free Trade Area (AfCFTA) market of 1.4 billion people. The Hub Simplified Connecting Businesses: This innovative platform helps businesses find each other, acting as a matchmaker for importers and exporters across Africa. Information Hub: Ecobank, a recognized AfCFTA expert, provides valuable resources on the free trade agreement, guiding businesses on navigating the single market…

African enterprises are scaling up their adoption of new technologies to protect against disruption and build new capabilities that can drive their growth and innovation efforts. While technology adoption among African enterprises lags much of the developed world, this picture is changing. A PwC study found that 87% of CEOs in Africa’s financial services sector are experiencing significant technology-driven disruption to their business models, compared to only 50% of CEOs globally. A report by the UN Trade & Development agency (UNCTAD) found that the key to Africa’s development is the expansion of knowledge-intensive services such as technology-based and fintech services.…

Samsung Electronics Co., Ltd. has announced its all-new Galaxy Z Fold6 and Galaxy Z Flip6, along with Galaxy Buds3 and Galaxy Buds3 Pro at the Galaxy Unpacked in Lagos. Recall that earlier this year, the tech giant Samsung, ushered in the era of mobile AI through the power of Galaxy AI. With the introduction of the new Galaxy Z series today, Samsung is opening the next chapter of Galaxy AI by leveraging its most versatile and flexible form factor perfectly designed to enable a range of unique mobile experiences. Whether using Galaxy Z Fold’s large screen, Galaxy Z Flip’s FlexWindow…