Author: ITPulse

The latest report from the Nigeria Bureau of Statistics indicates that there are an increase in broadband penetration and the number of subscribers in the country’s telecom industry. The report indicates that broadband penetration in Nigeria presently stands at 32.34 percent from 31 percent in December 2018 while, NBS’s data also shows that the number of active voice subscribers in the telecoms sector berthed at 172.82 million as of the end of the fourth quarter of 2018. The Nigerian Communications Commission had in its 2018 last quarter data disclosed that Nigeria had attained a broadband penetration of 31.48 percent. The…

  The Chief Executive Officer of OneFi, Chijioke Dozie has given reasons it secured $5million investment facility from Lendable, a technology-enabled funding provider to African consumer and SME lenders. Dozie said the facility will allow the Fintech startup to double its size within Nigeria before entering new markets in 2019. Secondly, the debt facility will be used to deploy more loans to Paylater customers, specifically through a suite of innovative new products. “Securing this investment from Lendable represents the first internationally-backed commercial debt transaction for us, marking an important stage of our company’s development as we look to serve the…

  Despite rising mobile phone penetration and increased data consumption, device affordability remains a significant issue for most Nigerians. This is the reason adduced by MTN Nigeria to unveil its N8,000 smartphone, which the telecom company believes would address the issues of smartphone penetration in the country. “We can assure you that the phones are available at all MTN outlets across the country. We also want to warn that it must not be sold above the recommended price of N8,000,” MTN’s Chief Marketing Officer, MTN Nigeria, Rahul De stated at the unveiling in Lagos. According to Rahul De, the phone…

  As part of the efforts aimed at building itself into a world-class pan-African financial institution specifically designed to meet the needs of retail and commercial customers, Africa’s based Vista Bank has chosen Temenos to power its Africa’s digital transformation and growth strategy. The decision to partner with Temenos, a banking software company to power its digital transformation journey is for Vista Bank to transform its IT systems using Temenos Infinity, a breakthrough digital front office and Temenos T24 Transact, the next generation in core banking. “Vista Bank chooses cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact to provide innovative,…

  Efforts to get Nigeria rid of all forms of Electronic Waste is gradually getting some tractions, as Nigerian U-Recycle Initiative, will join other countries around the world to celebrate Global Recycling Day. This is a move aimed at celebrating the power of recycling and make the world think ‘resource not waste. Thus, U-Recucle, a team of young people aimed at promoting a recycling culture in Nigeria, is set to host Nigeria’s first major Global Recycling Day event in Lagos. The event, which is an initiative of the Global Recycling Foundation, is part of multiple activities taking place in all…

  The Managing Director of Nigeria’s Rack Centre, Mr. Ayotunde Coker has been selected as a member of the Data Economy Power list of 200 Individuals affecting the Data Centre world. Coker, who is also the Secretary-General of the Africa Data Association was selected by Data Economy; United Kingdom based publication and one of the world’s most prestigious publications devoted to the global data industry. According to the publication, the choice of Coker among the 200 as one of the most powerful drivers of Data Centre’s transformers demonstrates vividly that Data Centres based in Africa and the executives running them…

As part of the celebration of the International Women’s Day, GSMA, representing the worldwide mobile communications industry has rolled out the drum to celebrate 8 women who are start-up founders. Among them is Tope Omotolani, Co-founder & Chief Operating Officer of Farmcrowdy, an online platform for individuals and businesses to invest in farming projects in Nigeria. GSMA says it is collaborating to celebrate the achievements of some of the female leaders within our respective Innovation Fund current and past portfolios Through the power of mobile technology, these women enable socio-economic inclusion of women and men across Asia Pacific and Africa.…

  Google today announced an initiative targeted at creating economic opportunity for women everywhere, so that they can grow and succeed like their men counterparts. Tagged Womenwill, the initiative is in honour of International Women’s Day celebrated globally.it helps women make the most of technology to build skills, get inspired, and connect with each other through training, events and advocacy “Women will aim to drive conversations promoting gender equality to benefit everyone,” said Google Africa’s Brand & Reputation lead, Mojolaoluwa Aderemi-Makinde as she announced the launch of 18 new Womenwill chapters across Sub-Saharan Africa. Google believes that the gender gap…

From MTN, C-Squared, Seacom and Convergence Partners,here is a possible compendium of Afrca’s top digital infrastructure investment that would determine technology of the future on the continent. Their investments are largely determined by the huge and increasing demand for data and increasing opportunities for 5G and fibre, where digital infrastructure specialists and investors, are targeting significant investments in new digital infrastructure. The line-up Byron Clatterbuck, CEO Seacom, one of Africa’s leading submarine and terrestrial broadband operators, sees a real opportunity in making the case for fibre in Africa: “Fibre penetration is still very low in most African countries, so huge…

  Experts, who spoke at the just concluded Big Data and Business Analytics Conference, have described data as the new oil, urging business owners and the government to commoditise it and ultimately, boost the country’s economy. At the 2-day event, organized by the Information and Data Analytics Foundation (iDAF) in Lagos, the experts noted that with available and accessible data in Nigeria, business owner and the government can leverage data as a front line revenue stream in powering the economy. They believe that though, data in Africa is still at its infancy stage, the continent is well-positioned to play big…