Author: ITPulse

The Securities and Exchange Commission (SEC) has proposed new investment limits to restrict the amount retail investors can commit to digital asset offerings in Nigeria, capping individual issuer exposure at N1 million and aggregate investments at N10 million over a 12-month period. The proposed limits are contained in the SEC’s newly published draft regulatory framework titled “Proposed Rules on Digital and Virtual Asset Operations, Custody and Markets,” released on August 20, 2026. The proposal seeks to establish a broader and more secure ecosystem covering digital asset issuance, trading, custody, tokenisation, and advisory activities across the country. The Commission noted that…

There are strong indications that MTN Group has secured a conditional approval from Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) for its proposed $6.2 billion acquisition of IHS Holding Limited. This marks a significant step toward completing one of Africa’s largest telecommunications infrastructure transactions. According to reports, the development is contained in MTN Group’s half-year 2026 financial results released recently, even as the transaction continues to progress through the required regulatory approval processes, with several key clearances already obtained across relevant jurisdictions. Recall, MTN has emphasized that the proposed acquisition remains a top strategic priority for the second half…

TransmissionCo, a leading provider of digital infrastructure and connectivity solutions across Africa, has announced the appointment of Princess Chizoba Ibe-Israel as its new Head of Sales – West Africa. In her new role, Princess will spearhead the company’s commercial strategy, drive revenue growth, and expand TransmissionCo’s market footprint across the West African region, focusing on strengthening enterprise relationships, forging strategic industry partnerships, and delivering tailored infrastructure solutions to support the region’s accelerating digital economy. Princess joins TransmissionCo with extensive commercial experience and specialized domain expertise in the digital infrastructure ecosystem. Most recently, she spent over three years at Africa Data…

Over 50 percent of financial crimes registered in Nigeria stem from tax offenses and fraud, driven significantly by modern tech-enabled scams, cyber-hacking, and digital investment schemes. This was revealed in the 2025 Annual Report released by the Nigerian Financial Intelligence Unit (NFIU), highlighting the evolving threats within the country’s financial and digital ecosystem. According to the report, the NFIU generated and disseminated 1,398 proactive intelligence reports to domestic law enforcement agencies and competent authorities for further investigation in 2025. The unit also processed reactive intelligence reports in response to specific requests, supporting ongoing investigations by tracing proceeds of crime, uncovering…

Mota-Engil Nigeria has appointed Sara Pinheiro as its new Head of Treasury. Pinheiro transitions into the strategic finance position after more than a decade of commercial leadership, bringing experience across business development, strategic account management, negotiation and international markets to the role. With a background in Law and academic qualifications in Management and Marketing, including an MBA in Marketing and a PhD in Business Development, Pinheiro has long been interested in how businesses operate, particularly the interplay between corporate governance, capital movements and financial decision-making. Her academic training, together with her legal background and extensive commercial experience, has given her…

A few days ago, the Nigeria Revenue Service held an interactive session with the virtual assets industry, in an attempt to throw more light on its recent circular on virtual assets taxation. As expected, the industry’s misgivings did not exactly evaporate into the ether, even though the NRS was doing its part, as expected, to sell the policy as the best thing since the fuel subsidy removal. At some point, when asked why crypto transactions could not receive the same flat-rate stamp duty treatment as fiat currency transactions, the NRS hedged, went off on a tangent, circled back, and ultimately…

The Association of Licensed Telecom Operators of Nigeria (ALTON), its Chairman, Engineer Gbenga Adebayo, iXPN and its Chief Executive Officer, Mohammed Rudman, have taken the lead in supporting the eWorld Forum and the launch of books by veteran journalist and technology writer, Aaron Ukodie, scheduled for September 24, 2026, at the Oriental Hotel, Lagos. ALTON, the umbrella association representing Nigeria’s licensed telecommunications operators, has been a major stakeholder in the development and growth of the country’s telecommunications industry. Through sustained advocacy and engagement with government, regulators and other industry stakeholders, the association has consistently championed policies and initiatives aimed at…

The Federal Government has announced that the physical implementation of Nigeria’s massive 90,000-kilometre nationwide fibre-optic network rollout will officially kick off in October. The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, disclosed this during the National Innovation Hub Standards Framework Workshop in Abuja. The announcement comes on the heels of the government incorporating Bridge Open Access (Bridge OA), an independent Special Purpose Vehicle established under Project BRIDGE to execute and manage the infrastructure backbone. Confirming that necessary funding has been secured, the Minister noted that President Bola Tinubu approved the project to aggressively deepen broadband penetration across…

The National Information Technology Development Agency (NITDA) and the Budget Office of the Federation have inaugurated a Joint Technical Committee to drive the implementation of Nigeria’s National Sovereign Cloud Initiative. The move signals a major transition from conceptual policy design to practical execution, designed to establish domestic control over the country’s critical public data and digital workloads. The committee will be co-led by top leadership from both institutions, featuring Budget Office Director-General Tanimu Yakubu as chairman and NITDA Director-General Kashifu Inuwa as co-chair. By uniting public finance and technology regulators, the joint team aims to solve the complex financial and…

The National Information Technology Development Agency (NITDA) and North West University have initiated strategic discussions to boost digital capacity, industry-aligned research, and technology-driven education across the institution. The high-level engagement between university management and NITDA leadership focused on leveraging technology to enhance teaching standards, foster innovation, and increase graduate employability in an evolving digital economy. Speaking during the meeting, the Director General of NITDA, Kashifu Inuwa, emphasized that tertiary institutions remain central to Nigeria’s digital growth because they produce the skilled workforce, knowledge, and research required for sustainable technological advancement. Addressing the persistent gap between academic training and market requirements,…