Author: ITPulse

Nigerian President, Muhammadu Buhari will at the State House in Abuja today formally unveil the Nigerian Central Bank Digital Currency (CBDC), known as the eNaira with the theme “Same Naira, more possibilities”. . In a statement signed by Osita Nwanisobi, Director, Corporate Communications at CBN, after today’s formal launch by the President, the Bank will further engage various stakeholders as Nigeria enters a new age consistent with global financial advancement. The launch of the eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments system in order to…

In order to drive the recently launched Nigeria Quick Response (NQR) Payment Solution, Nigeria’s premier financial institution, Firstbank has decided to partner the Nigeria Inter-Bank Settlement System plc (NIBSS). “We are delighted with the adoption of the Nigeria Quick Response (NQR) payment solution, an initiative by Nigeria Interbank Settlement System plc (NIBSS) which has been instrumental to easing and promoting payment convenience with the use of mobile phones,” said Dr. Adesola Adeduntan, CEO, FirstBank. He noted FirstBank recognizes the indelible role technology plays in promoting businesses across diverse frontiers and the bank is committed to reinventing its technology infrastructure to…

Prof. Muhammed Abukakar, the managing Director and CEO, Galaxy Backbone Limited, has expressed the company’s preparedness to provide ICT infrastructure and services to public institutions and the underserved communities in Nigeria. Galaxy Backbone is a public enterprise of the Federal Government of Nigeria incorporated in 2006 with the primary mandate of setting up and operating a unified Information and Communication Technology (ICT) infrastructure platform that addresses the connectivity, transversal and other technology imperatives for Ministries, Departments and Agencies (MDAs) of the Federal Government. Abukakar was speaking on ‘Boosting Cloud Infrastructure for Digital Economy via Partnerships’ through a representative, Mr. Timi…

There are a number of reasons a business needs investments, these investments could be in the pre-seed, Series A or B and regardless of whatever stage the business is operating, the major reason for seeking investor’s funding is usually for expansion purposes. This expansion could be in the line of products or the need to serve more customers in their growing numbers due to exponential demands in other regions. Why Storytelling? Storytelling has been found to be an underlying magic when pitching to investors and while I suggest that the stories should be genuine and linked to why a business…

​A new research, ‘Data & Financial Clearing: Emerging Trends, Key Opportunities & Market Forecasts 2021-2026’ by Juniper Research shows that operators globally will lose over $2 billion in roaming revenue from the misidentification of roaming data traffic before 2026. The breakdown shows that the operators will lose $484 million this year, even as the report further revealed that the inability to distinguish between 4G and 5G data traffic using current standards will result in greater losses as the travel industry returns to pre-pandemic levels and 5G adoption increases. Commenting, Research author Scarlett Woodford remarked: “By combining BCE with AI-enabled roaming…

Okhi, a smart addressing startup has sealed a partnership deal with Interswitch, which will allow it to embed its solution on Quickteller, Interswitch’s payments and digital commerce service. With the partnership, Interswitch customers will receive an OkHi address allowing them access to larger wallets, faster loans and an improved delivery service even as OkHi’s product increases the speed of verification by 4x, while reducing the cost by 52 percent. Speaking on the partnership, Timbo Drayson, CEO and Founder of OkHi said: “At OkHi, we have developed the first solution in the world that can collect an extremely accurate address and…

One of Africa’s leading ICT broadcaster, Dr Bayero Agabi has described Engr. Raymond Aleogho Dokpesi, Founder of Africa Independent Television (AIT) and Raypower FM as a serial innovator, whose impact is still being felt positively in both the media and the technology ecosystem. Speaking to journalists at the lecture to honor DOKPESI at 70,  Bayero said it’s not news that Raymond Dokpesi parted the way to digital and 24hors broadcasting in Nigerian, but it’s also important to note his role in the Nigerian Information and Communications Technology sector. He said, for instance Dokpesi was a pioneer member of the Association…

By Dorotea Vatavuk With customers rapidly adopting digital communication channels that offer quick, simple and convenient processes, digitalisation of the entire insurance process is unavoidable. In fact, digital transformation for the insurance industry is no longer an option, but a necessity. Traditional processes are increasingly becoming frustrating for the modern customer, who is realising that there are better and easier ways to do things. These are trends that those customers are seeing across other industries and expect their insurers to deliver similar digitalised processes that enhance the customer experience. For the most part, we are seeing a serious underutilisation of…

By Barbara Gjurasin As customer demand for richer engagement with brands continues to grow, it is becoming crucially important for banks to be where their customers are, ensuring that they are more accessible, diligent and responsive to ever-evolving customer needs. The increasing customer shift to online banking has spurred the need for banks to digitally transform and remain innovative to maintain a competitive edge. According to Statista, Nigeria had 73.2 million active bank customers in 2019, with a growth rate of around 10 million per year. Currently, it is estimated that the country has about 100 million active banking customers.…

The Nigerian Communications Commission (NCC) has listed nine measures to guard against damaging, Malware called Flubot, which it yesterday alerted millions of Nigerian telecom consumers of existence, stressing that the malware poses high-risk and extremely-damaging. The measures, according to NCC are as follows: Do not click on the link if you receive a suspicious text message, and do not install any app or security update the page asks you to install. Use updated antivirus software that detects and prevents malware infections. Apply critical patches to the system and application. Use strong passwords and enable Two-Factor Authentication (2FA) over logins. Back-up…