Author: ITPulse

QNET, a global leader in direct selling focused on wellness and lifestyle products, strongly disassociates itself from a fraudulent operation exposed by the Economic and Financial Crimes Commission (EFCC) in Abuja. The operation, referred to as a “Ponzi scheme academy,” misused the QNET name and led to the arrest of 133 individuals. These individuals were reportedly running a fake entity under names like “Q University” or “Q-Net,” without any affiliation to QNET. QNET Commends EFCC and Offers Full Support QNET applauds the EFCC and Nigerian Army for taking swift action in exposing and arresting individuals involved in this scam. We…

Industry leaders have identified critical measures to secure Nigeria’s telecommunications infrastructure and protect investments, emphasizing that while the Executive Order on the Designation and Protection of Critical National Information Infrastructure (CNII) is essential, its effectiveness hinges on addressing internal and standardization issues within the sector. At the 7th Policy Implementation Assisted Forum (PIAFo) Summit on CNII implementation in Lagos, experts proposed actionable solutions to combat infrastructure vandalism, unauthorized installations, and cable theft. Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), stressed the importance of proper infrastructure maintenance and installation to prevent vandalism and theft. He…

Millions of mobile users in Nigeria and Uganda are set to benefit from enhanced mobile services as MTN Group and Airtel Africa have finalized network sharing agreements in both countries. This strategic collaboration aims to expand digital and financial inclusion across the African continent while adhering to local regulatory requirements. The network sharing agreements focus on achieving improved network cost efficiencies, wider coverage, and the delivery of superior mobile services, particularly to underserved populations in remote and rural areas. By pooling resources, MTN and Airtel Africa intend to bridge the digital divide and bring the advantages of modern connectivity to…

Many experts have highlighted the growing impact of Artificial Intelligence (AI) across the financial industry, and I would like to share my perspective on a key functional area that typically drives business growth and profitability – sales and business development professionals and how AI is impacting their work. Sales and business development professionals are often regarded as the engine room of an organization, thanks to their eye for business opportunities, ideation and conceptualization, market engagement and penetration expertise. AI is enabling sales and business development professionals to automate tasks, take meeting notes, analyze data, and personalize customer experiences, all of…

The Stakeholders in Blockchain Association of Nigeria (SiBAN) has expressed its alignment with the Nigerian Minister of Information’s vision for a balanced approach to cryptocurrency regulation. This approach, as articulated by Minister Mohammed Idris in his article “Nigeria’s crypto future: Striking a balance between innovation and regulation,” emphasizes fostering a secure and inclusive digital economy while acknowledging the transformative potential of blockchain technology. SiBAN, through a press statement signed by its President, Obinna Iwuno, welcomed the Minister’s perspective, highlighting the significant real-world opportunities for blockchain and cryptocurrency in Africa, particularly in Nigeria. These opportunities include enhancing financial inclusion, reducing remittance…

A recent report, the Africa Telecom 50 Report 2024 (West Africa), has identified Nigeria, Côte d’Ivoire, and Ghana as the leading telecommunications markets in West Africa. The ranking, based on the latest available mobile subscription data, highlights the significant concentration of telecom activity within these three nations. Key Findings: Market Share: Nigeria leads the region with 169,044,258 mobile subscriptions as of January 31, 2025, accounting for 42.06% of the total West African market (401,868,395 subscriptions). Côte d’Ivoire follows with 42,771,201 subscriptions, and Ghana ranks third with 38,294,564. Collectively, these three countries represent 62.24% of the region’s total mobile subscriptions (250,110,023).…

Micro, Small and Medium-sized Enterprises(SMBs) are the backbone of most economies accounting for 90% of businesses, over 70% of employment, and 50% of global GDP, according to the United Nations. They drive growth, innovation, and job creation worldwide.  In Nigeria, they play a crucial role in stimulating local economies and contributing to the country’s GDP.  Recognising their impact, WhatsApp is committed to empowering SMBs with the tools to succeed through the WhatsApp Business App, by reaching their customers where they already are. WhatsApp continues to be the best way for people and businesses to get business done in Nigeria. With…

By Martin Ekpeke Africa’s digital payments economy is on a trajectory of significant growth, projected to reach a staggering $1.5 trillion by 2030, according to a new report by Mastercard and commissioned by Genesis Analytics. This surge underscores the continent’s rapid embrace of digital financial solutions and its potential to become a key player in the global digital economy. Mastercard, recognizing its role as a long-term technology partner in Africa, has reaffirmed its commitment to fostering this growth through strategic investments, public-private partnerships, and innovative initiatives. The company aims to bolster financial health and drive economic expansion by enhancing digital…

The Encryption Conundrum: Hacktivism’s Pursuit of Fully Untraceable Messaging in the Digital Surveillance Era   In an age where governments and corporations alike collect vast amounts of personal data, hacktivism—activism through hacking—has emerged as a powerful tool for exposing corruption, protecting civil liberties, and pushing back against digital overreach. From whistleblowers leaking classified information to anonymous groups taking down oppressive digital infrastructures, hacktivism is reshaping how power operates in cyberspace. Yet, as hacktivists and privacy-conscious individuals navigate an increasingly surveilled internet, they face a critical problem: finding a truly secure, encrypted messaging platform that doesn’t compromise their anonymity. Many so-called “secure” apps…

By Martin Ekpeke As Nigeria is rapidly emerging as a global cryptocurrency hub and moving towards a regulated digital asset market, balancing innovation with robust consumer protection, the Minister of Information, Mohammed Idris, has outlined the government’s new approach, emphasizing the potential of cryptocurrencies and blockchain technology to empower citizens and drive economic growth. In an article he wrote this week, Idris highlighted Nigeria’s significant crypto adoption, citing international reports consistently ranking the nation among the top users worldwide. “Our population over 200 million strong, with a median age under 20 is naturally inclined toward new technologies,” Idris stated, noting…