Author: ITPulse

The global insurance industry faces a $1.8 trillion protection gap – the difference between insured and uninsured losses across health, life, crop and catastrophe coverage. In Africa, this divide is even more pronounced. Insurance penetration remains below 3% of GDP across the continent, and most Africans have little to no coverage in the event of disaster, illness or loss of income*. According to insurance industry experts at global data and AI leader SAS, the industry must embrace data, analytics and AI to close this gap and build more inclusive, resilient financial ecosystems. “Insurance has always been a tool for building…

By Martin Ekpeke Cashless transactions in Nigeria surged to N295 trillion in the first quarter of 2025, according to a new report from the Nigeria Inter-Bank Settlement System (NIBSS). This marks a significant increase from the N237.11 trillion recorded in the corresponding quarter of 2024, highlighting a growing reliance on digital payments across the country. Key highlights from the NIBSS report: The NIBSS report reveals several key indicators of Nigeria’s accelerating shift towards a cashless economy: Total Cashless Transactions: Electronic payment channels facilitated a staggering N295 trillion in transactions during Q1 2025. Electronic Payment Channel Usage: Electronic payment channels were…

The National Space Research and Development Agency (NASRDA) has lauded Chief Owolabi Salis’s historic space mission as a powerful demonstration of Nigerians’ keen interest in participating in scientific, exploratory, tourism, and commercial space activities. In a congratulatory message signed by Dr. Felix Ale, NASRDA’s Director of Media and Corporate Communications, the space agency highlighted Chief Salis’s achievement as a significant opening for increased private sector engagement in Nigeria’s space program. Chief Owolabi Salis holds the distinction of being the first person of Nigerian birth to travel to space. His privately funded mission has not only garnered substantial international attention for…

By Martin Ekpeke Nigeria’s telecommunications sector, a vital engine of the nation’s digital economy, is projected to surge past the US$17 billion mark by 2034. This optimistic forecast, citing global research group Market Research Future, was shared by the Nigerian Communications Commission (NCC). The promising outlook was presented by Dr. Aminu Maida, the Executive Vice Chairman of the NCC, in his keynote address titled ‘Protecting Digital Consumers: Regulations, Innovations and Best Practices’ at the recent Titans of Tech Conference and Expo in Lagos. Speaking through his representative, Freda Bruce-Bennett, Director of Consumer Affairs Bureau at the NCC, Dr. Maida highlighted…

The organizer of the annual Titans of Tech Awards has adduced reasons why Dr. Krishnan Ranganath, Regional Executive-West Africa at Africa Data Centre (ADC) was recognized as the Tech Ecosystem Builder of the Year in the 2025 edition. Convener of Titans of Tech Awards, Don Pedro Aganbi, disclosed the reasons to Journalists after presenting the award plaque to Eugene Uka, Head of Sales, West Africa at Africa Data Centres, who represented Dr. Krishnan at the ceremony held on Friday, July 25 at the Oriental Hotel, Lagos, Nigeria. Aganbi highlighted Dr. Krishnan’s significant contributions to the tech ecosystem, particularly in developing…

By Martin Ekpeke The Nigerian Communications Commission (NCC) has pinpointed poor quality of service, rapid data depletion claims, and failed top-ups or recharge issues as the three most pressing challenges faced by telecommunications consumers in Nigeria. Dr. Aminu Maida, the Executive Vice Chairman of the Commission, revealed these findings in a keynote address titled ‘Protecting Digital Consumers: Regulations, Innovations and Best Practices’ at the recent Titans of Tech Conference and Expo in Lagos. Speaking through his representative, Freda Bruce-Bennett, Director of Consumer Affairs Bureau at the NCC, Dr. Maida stated that these pain points were identified following a comprehensive analysis…

Nigeria is losing an estimated $15 billion annually due to a persistent gap in broadband access, according to Lanre Ore, Chief Executive Officer of FibreOne, a prominent Nigerian broadband service provider. Speaking through the company’s Chief Experience Officer, Yinka Isioye, at the Titans of Tech Conference 2025 in Lagos, Ore described broadband as “as essential as oxygen” and a vital enabler of modern digital economies. He highlighted its impact across various sectors, including education, healthcare, fintech, SMEs, and smart cities. “Over 60% of Nigerians and more than 70% of Africans still lack reliable broadband access. This exclusion is costing us…

The Geeks & Founders Alliance for Soludo (GEFAS) has taken another bold step in supporting Governor Charles Chukwuma Soludo’s vision of a smart, connected Anambra with the official launch of its Mobile Tech Hub- a custom-built bus bringing free WiFi directly to the people. Fully equipped with high-speed internet, voice and data services, and backup power, the GEFAS Mobile Tech Hub can connect up to 3,000 people at rallies, campaign grounds, and public spaces: expanding the Solution WiFi initiative already live at over 26 locations across Anambra. The Deputy Governor of Anambra State, Dr. Onyekachukwu Ibezim, flagged off the Mobile…

In commemoration of World Blood Donor Day and World Sickle Cell Day 2025, Access Holdings, one of Africa’s leading financial services groups, successfully executed a group-wide blood drive across six African countries, reinforcing its commitment to improving health outcomes and driving real impact in the communities it serves. Held under the theme “Shine the Light on Sickle Cell,” the initiative brought together employees, community members, health professionals, and partner organisations in a coordinated effort to provide safe blood donations, a lifeline for individuals living with sickle cell disorder and others in critical need of transfusions. A Continent United by Purpose …

The Board and Management of Access Bank Tanzania, led by Chairman Protase Ishengoma, paid a courtesy visit to the State House to present the Power of 100 Africa Women Award to Her Excellency, President Samia Suluhu Hassan, President of the United Republic of Tanzania. The award was presented in recognition of President Samia’s exceptional leadership, commitment to inclusive governance, and contributions to national and regional development. Speaking during the presentation, Protase Ishengoma, Chairman of Access Bank Tanzania, stated: “This award is a recognition of Your Excellency’s transformational leadership and your unwavering dedication to building an inclusive and prosperous Tanzania. We…