Author: ITPulse

By Martin Ekpeke The Initial Public Offering (IPO) of Dangote Refinery has attracted subscriptions running into billions of naira within minutes of opening on Monday, in what could become one of the most heavily subscribed public offerings in the history of the Nigerian Exchange (NGX). The strong investor response was disclosed by Aigboje Aig-Imoukhuede, Chairman of Access Holdings, during the Facts Behind the Figures ceremony held at the Nigerian Exchange in Lagos. “With this particular, sterling, historic offer and what I have seen in the data room, where already billions of naira have been subscribed by thousands of investors within…

By Oluwajuwon Omotayo Nigeria is winning against one kind of fraud and losing badly against another, and the gap between the two is where most people actually lose their money. In January, NIBSS reported that losses to electronic payment fraud fell to ₦25.85 billion in 2025, down 51 per cent from ₦52.26 billion the year before. Reported incidents dropped to 67,518, continuing a five-year decline from 123,918 in 2021. That is a real achievement, and it came from coordinated industry work: NIBSS says joint measures prevented roughly ₦20 billion in further losses over the same period. Now set that beside…

By Adesola Akinsanya The Question We Must Ask Imagine this. It is election season. A citizen receives a message directing them to a website where they can obtain important electoral information. The website looks official. The logo is familiar. The language sounds convincing. The citizen clicks. But how does the citizen know that the digital destination is genuine? How do we know that the information has not been manipulated? And if citizens cannot confidently establish who they are communicating with online, can we really expect them to place complete trust in the digital systems supporting democracy? These questions take us…

By Abigail Mbah Nigeria is actively courting private capital by turning policy into concrete, investable demand for digital infrastructure, according to the head of its national IT agency. Kashifu Inuwa, Director-General of the National Information Technology Development Agency (NITDA), spoke during a fireside chat titled “From Policy to Investable Demand” at the Nigerian Workshop on Nigeria’s Digital Infrastructure Opportunity, held as part of ITW Data Cloud Africa 2026. The session was moderated by Jay Katatumba, Senior Investment Director at Africa50 Infrastructure Acceleration. Addressing data centre operators, hyperscalers, investors, financial institutions, cloud providers and connectivity companies, Inuwa described a clear shift…

By Abigail Mbah Nigeria is positioning itself as West Africa’s leading cloud computing hub by channeling nearly $1 billion in annual government technology spending into local infrastructure, according to the country’s top IT regulator. Kashifu Inuwa Abdullahi, Director-General of the National Information Technology Development Agency (NITDA), outlined the plan at a workshop on “Nigeria’s Digital Infrastructure Opportunity” during ITW Data Cloud Africa 2026. He described an open invitation to global tech firms and local developers to help shift the country from heavy reliance on offshore servers to a sovereign cloud ecosystem serving more than 230 million citizens and the wider…

By Abigail Mbah MTN Nigeria has passed the 100-million active subscriber mark, becoming the first mobile network in the country to reach the milestone. Figures released by the Nigerian Communications Commission show the company ended July 2026 with 100.86 million subscribers. That is up from 98.64 million at the end of June, an increase of more than 2.2 million users in a single month. The jump ranks as MTN’s strongest monthly growth so far this year and its biggest one-month gain since November 2024. The company now sits clearly ahead of its rivals in Nigeria’s telecom market. Industry watchers say…

By Martin Ekpeke The Internet Exchange Point of Nigeria (IXPN) is positioning local internet interconnection as a critical piece of infrastructure for banks, fintechs and other financial institutions racing to comply with the Central Bank of Nigeria’s (CBN) January 2027 data localisation deadline. IXPN said its platform offers a fast and cost-effective route for regulated financial institutions to keep internet traffic within Nigeria while improving network performance, reducing latency and strengthening the resilience of the country’s digital ecosystem. In a LinkedIn post, the digital infrastructure company said its local interconnection platform is designed to help organisations transition towards a more…

The Nigerian Communications Commission (NCC) is strengthening the monitoring and enforcement of its Type Approval requirements through an advanced, technology-enabled framework. The decision is to ensure that all communications devices imported, sold, and used in Nigeria meet rigorous technical and regulatory standards, According to a statement signed by Nnenna Ukoha, Director, Public Affairs at the Commission, the initiative leverages a centralized Device Management System (DMS) to make Type Approval compliance significantly more efficient, consistent, and effective. “By automating the process, the Commission can now electronically verify the compliance status of all SIM-enabled devices operating within the country,” the statement noted.…

.…Nomination for TiLAwards Continues A strong line-up of technology, financial services, digital infrastructure, cybersecurity and fintech leaders has been confirmed to speak at the inaugural GrowthX by Techeconomy conference to be held in Lagos this month. The speakers will join executives, business leaders and other stakeholders on Thursday September 24, 2026, at The Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos, with data localisation topping the agenda. The conference, themed “Driving Digital Growth Through Innovation and Collaboration,” will run from 9:00am, while the Technology Innovation and Leadership Awards (TiLAwards gala night) will begin at 4:00pm. GrowthX by Techeconomy will feature keynote…

By Oladotun Roy Nigeria’s technology ecosystem is entering a critical phase of development, attracting global capital and connecting local commerce to international markets. Tech platforms are no longer simply developing software; they sit at the intersection of high-value payments, foreign exchange, and cross-border settlement. Yet, this evolution introduces a severe strategic vulnerability: financial crime. The long-term sustainability of Nigeria’s tech economy will ultimately depend on trust, contract enforcement, and the ability to prevent sophisticated digital fraud from undermining legitimate business. The recent crisis involving Zacuten Technologies and Plaude Technologies illustrates the danger. Zacuten alleges it was defrauded in a $13.07…