Author: ITPulse

Out of the global 1.35 billion registered mobile money accounts, Sub-Saharan Africa stands the highest with a whopping 605 million accounts over and above other regions with $403 billion in transactions value as at end of 2021, MoneyTransfers.com has reported. Sub-Saharan Africa is followed by East Asia & Pacific with 328 million accounts, South Asia with 283 million accounts and the Middle East & North Africa with 59 million accounts, while Latin America & Caribbean and Europe & Central Asia have 49 and 22 million accounts respectively. This growth in mobile money adoption represents an 18% increase from 2020 when…

The Nigeria Data Protection Bureau (NDPB) has said the priority of the organization is to ensure organizations comply with the provisions of the Nigeria Data Protection Regulation and not necessarily for the sake of sanctions. The National Commissioner of NDPB, Dr. Vincent Olatunji, who disclosed this during a working visit to the Managing Director of the Nigerian Communications Satellite (NIGCOMSAT), Dr. Abimbola Alale and her management team at the Space Agency’s Headquarters in Abuja, said he wants a situation, where organisations make it a culture and compliance by default. “The Nigeria Data Protection Bureau is not out for sanctions but…

The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has been awarded the “Leadership Excellence and Economic Impact Award” by the African Leadership Organisation (ALO), ), publishers of The African Leadership Magazine. The award was given to the NCC’s boss at the ALO’s annual Africa Legislative, Legal and Good Governance Conference which took place at the Sheraton Hotel in Abuja recently. Presenting the award to Danbatta, the Chairman of ALO, Dr. Ken Giami, emphasised that in keeping with the organization’s tradition of celebrating African excellence and achievement, it has continued to showcase the bright sides of the continent’s success stories by giving recognition to deserving individuals. One of such individuals,…

The need to restate its commitment to the growing community of tech enthusiasts in Nigeria has led to the sponsorship of the Lagos Localhost Meetup held as a hybrid event on April 30, 2022, Interswitch, Africa’s leading integrated payments and digital commerce company has said. Through its sponsorship of the event themed, ‘Building to Scale’, the African technology payments giant consolidated its investment in the Nigerian tech ecosystem and showcased its support by providing its robust Application Programming Interface (API) infrastructure at no cost to all interested developers at the meetup. The event serves as a community-building platform for tech…

Barring any disruption, Konga Food, the online food delivery arm of Nigeria’s composite e-commerce giant, Konga, is set to formally go live on Monday, May 9, 2022. With the unveiling, the company assured that Konga Food is eminently positioned to toe the path of other thriving subsidiaries in the Konga Group by offering Nigerian food lovers more options and better service while improving customer satisfaction with its unique offerings. “Having undergone a pilot phase which saw its offerings subjected to rigorous testing, all is now set for Nigerians to experience the power of the Konga Food revolution,” it announced via…

Data presented by the TradingPlatform has shown that the global value of the top 100 Fintech is $2.8T and will approach the $3trillion mark soon. According to the data, Visa and Mastercard lead the pack with a market cap of almost $478 billion and $368 billion respectively.  Chinese Ant Financial, or Ant Group, comes in third with a market valuation of 312 billion dollars. Commenting on the data, Tradingplatform.com’s Edith Reads said. “The Fintech industry has grown from strength to strength. The sector is becoming popular daily. Despite the world’s economic breakdowns, the sector is surging. With little fine-tuning on…

The Financial Times has ranked Zedcrest as the fastest-growing firm in Nigeria’s financial services sector in its 2022 Financial Times ranking for Africa’s Fastest Growing Companies published two days ago. Africa’s new-age principal investing and financial solutions powerhouse is also ranked the second fastest-growing company in the country and the fifth fastest-growing in Africa. The ranking was compiled with Statista, a research company and released after months of study, public calls, intense database research, and direct interaction with over 900 public companies in the continent. 75 firms were ranked among millions of African-based businesses based on their revenue compound annual…

Licensed telecommunications in Nigeria have written the Nigerian Communications Commission, proposing a 40 percent increase in the cost of calls, SMS and data, the Punch reports. Their proposal letter titled, ‘Impact of the Economic and Security Issues on the Telecommunications Sector’ and written under the aegis of the Association of Licensed Telecommunication Operators of Nigeria is attributed to the rising cost of running a business in the country. Based on the proposal, calls will increase from N6.4 to N8.95 while the price cap of SMS will increase from N4 to N5.61. The operators believe that the telecommunication industry has been…

The devastating floods of April 2022 in KwaZulu-Natal, which claimed the lives of at least 435 people, demonstrated an opportunity to leverage the power of data in both prevention and relief efforts in the future. SAS experts share further insights. Data is generated everywhere – from the movements of mobile devices or wearables tracked by GPS to social media and retail activity. While there may seem to be no direct connection between data and coordinated flood response, the fourth industrial revolution (4IR) has created the opportunity for crowdsourcing and citizen data scientists to help solve humanitarian problems. I-Sah Hsieh, Principal…

Nigeria will soon experience the accelerated deployment of a 5G network that will usher the country into a more robust Fourth Industrial Revolution (4IR) and a more digitised Nigerian economy, the Nigerian Communications Commission (NCC) has assured. The assurance is coming based on the fact that the telecom regulator has confirmed the issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and Mafab Communications, winners of the 3.5GHz spectrum auction conducted by the Commission on Monday, December 13, 2021. In a statement issued and signed by Dr. Ikechukwu Adinde, Director of Public Affairs…