Author: ITPulse

Global lifestyle and wellness direct-selling company, QNET, has strongly denied any affiliation or business relationship with 46 individuals recently arrested by security agencies in Ogun State. The disclaimer follows media reports detailing a joint security operation that led to the apprehension of the individuals, who reportedly claimed to be affiliated with the international brand. QNET has categorically stated that the suspects are not authorized representatives and were not acting on its behalf. Like many prominent global brands, QNET noted that it occasionally faces challenges with unauthorized entities misusing its name, products, or direct-selling business model to orchestrate fraudulent schemes. These…

By Epiphanus Obia Financial institutions and fintech companies across West Africa have been urged to aggressively embrace local peering to curb operational costs, eliminate transaction latency, and secure the continent’s digital economy. Raphael Iloka, Manager, Sales and Marketing at the Internet Exchange Point of Nigeria (IXPN), made the call during a presentation at the West Africa Peering Forum (WAPF) 2026 held in Cotonou, Benin Republic. Speaking on the theme, ‘Banks, Fintechs & The IXP: Why Financial Institutions Are the Next Big Peering Opportunity in West Africa,’ Iloka pointed out a critical infrastructure gap, revealing that despite handling billions in transaction…

These days, everything is called innovation. Governments talk about it in speeches. Startups promise it in pitch decks. Investors say they are funding it. Across Africa’s tech ecosystem, the word shows up everywhere. Yet one question often goes unexamined: who benefits from innovation, and who bears the cost when it fails? Because innovation without accountability is not really innovation, it’s experimentation. And experimentation becomes dangerous when the systems being tested are the same ones millions of people depend on. In my work testing software systems, I’ve learned that the problems that cause the biggest failures are rarely dramatic ones. They…

The Nigerian Communications Commission (NCC) has officially initiated a critical review of the telecoms industry’s interconnection prices, a development that marks the regulator’s first attempt to adjust the cross-network pricing framework since the current policy was established in 2018. Speaking at an NCC stakeholders’ consultation forum on Tuesday, Omotayo Mohammed, Head of the Competition and Tariff Unit at the NCC, said that the move is driven by an urgent need to align industry regulation and pricing with emerging market realities. He emphasized that the exercise goes beyond a routine tariff review, representing a strategic recalibration of the sector’s financial plumbing.…

 The Founder and CEO of Carbon AI, Debola Ibiyode, has unpacked the immense economic, environmental, and employment opportunities that lie at the intersection of climate technology and Artificial Intelligence (AI). Ibiyode, who unpacked this when she appeared on TVC’s flagship morning show, Wake Up Nigeria, demystified the global carbon market, redefining it not just as an environmental rescue mission, but as a multi-billion-dollar economic engine capable of driving massive job creation across Nigeria and the globe. Addressing widespread misconceptions about climate initiatives, Ibiyode pointed out that pushback against green energy often stems from economic anxieties rather than environmental disagreement, stressing…

In a banquet hall in Awka on Monday, Anambra State made its most concentrated statement yet about the kind of economy it intends to build, and who it intends to build it with. The Anambra Startup Investment and Technology Skills Graduation Ceremony, convened on June 16, 2026 by the Solution Innovation District (SID) at The Light House in Awka, brought together 400 newly certified technology professionals, 80 funded startup founders, state officials, university representatives, and private sector partners for an event that was equal parts milestone and manifesto. Governor Prof. Chukwuma Charles Soludo, who addressed the gathering, described the occasion…

President of Accra Institute of Technology (AIT), Professor Clement K. Dzidonu, has said that the rapidly evolving world of artificial intelligence, automation, and digital transformation demands graduates who are capable of independent thinking, continuous learning, innovation, and responsible leadership. Professor Dzidonu noted that universities exist not merely to award degrees but to develop capable human beings who can think critically, solve problems creatively, adapt to changing circumstances, and contribute meaningfully to society. He reiterated AIT’s commitment to producing graduates who are technically competent, ethically grounded, intellectually curious, and globally competitive. The Accra Institute of Technology (AIT) has officially welcomed 586…

Artificial intelligence agents are no longer theoretical. They are making real decisions inside Nigerian banks, fintech platforms, and insurance companies right now — approving transactions, verifying identities, and handling customer data that is subject to Nigerian law. But the tools that govern how these AI agents behave were not built with Nigerian law in mind. This is the governance gap that nobody in the global AI conversation has adequately addressed. And until recently, it was a gap that Nigerian engineers were simply expected to tolerate. The global AI governance blind spot Microsoft’s Agent Governance Toolkit is one of the most…

Step outside your home in Lagos, Kano, or Port Harcourt, and walk twenty meters. Under a frayed umbrella, seated on a plastic chair with a small banner, you will find a “POS operator.” These operators are the capillaries of Nigeria’s cash-dependent economy, pumping naira notes into the hands of millions. When commercial bank branches shrank, and automated teller machines (ATMs) consistently ran dry, these retail entrepreneurs stepped in. They brought financial services within reach of the poorest farmer and the busiest market woman, effectively humanising fintech for tens of millions of citizens. But today, the street-corner cash merchants are facing…

By Martin Ekpeke Nigeria’s banking and fintech sectors are bracing for one of the most significant technological migrations in the country’s financial history following a direct mandate from the Central Bank of Nigeria (CBN). The apex bank has ordered that all payment transaction data generated within the country must be hosted and managed locally by January 1, 2027. The CBN circular dated June 15, 2026 and signed by Rakiya Yusuf, Director Payment Systems Supervision Department, stated among other things that All Financial Institutions and participants facilitating payments within Nigeria shall ensure that payments transaction data generated within Nigeria are stored…