Author: ITPulse

The Internet Exchange Point of Nigeria (IXPN), last week in Kano, one of Nigeria’s commercial cities engaged stakeholders from various sectors on the benefits and impact of connecting to the exchange point.  At a two-day workshop attended by various Internet Service Providers in Kano state, representatives from the Nigerian Communications Commission, Vice-Chancellors, Provosts, Permanent Secretary of the Kano State Ministry of Science and Technology, Executive Secretary from Kano State Library, Mr. Rudman Muhammed, Chief Executive Officer of IXPN, explained that connecting to the exchange point has a huge role to play in the country’s ICT ecosystem and, ultimately, the digital economy…

The duo of the Nigerian Communications Commission (NCC) and the National Information Technology Development Agency (NITDA) are set to highlight some of the government policies they are pursuing at a stakeholders engagement event, which will be organized by the Nigeria Information Technology Reporters Association (NITRA). Tagged ‘NITRA ICT GROWTH CONFERENCE 2021’, the two industry regulators will discuss and find ways of accelerating growth in the industry as a means of achieving laudable federal government set targets and policies, including those recorded in policy documents by the Federal Ministry of Communications and Digital Economy. According to a statement signed by NITRA…

Mr. Tony Ojobo, president and Chairman of the Board, African ICT Foundation (AfICTF), has called for digital transformation and equality among Nigerians. Ojobo made the call on Wednesday, October 13, at the African Tech Alliance Forum (AfriTECH2021) organised by TechEconomy.ng. The hydride event with strict compliance to COVID-19 protocols under the theme: ‘Embracing Change and Digital Transformation in the New Normal’ held in Lagos, Nigeria. The AFICTF President explained that lack of access to technology in rural communities fuels division between urban and the rural population, adding that: “Inability to afford devices, e.g. Computers, Smart Phones, internet Covid-19 put 826…

Automotive technology company, Autochek has gotten a $13.1 million seed funding from TLcom Capital and 4DX Ventures in oder to scale technology and ultimately, accelerate its African expansion. The funding round, according to a statement also included participation from existing investors, Golden Palm Investments, Enza Capital, Lateral Capital as well as new participants, ASK Capital and Mobility 54 Investment SAS (the venture capital arm of Toyota Tsusho Corporation / CFAO Group). Speaking on the next phase of Autochek’s rapid growth following its fundraise, Etop Ikpe, Founder and CEO of Autochek, said, “At Autochek, our driving force is to increase financing…

Jise, Nigeria’s first food-only delivery platform has announced that its food service app is now LIVE with operation starting in Lagos, South West Nigeria, with an initial seed funding from investors in Nigeria and Europe. led by 4 co-founders including Marvelous Gbenro as CEO, Tokurah Majid as VP Growth & Operations, Ibukun Olasupo as VP Customer Engagement and Jeremy Osazuwa Agbonze VP Technology, Jise seized this opportunity to provide a food delivery platform focusing on providing fast and affordable delivery services starting with Lagos. The launch of the platform followed the covid-19 outbreak in 2020, when the demand for food…

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…