Maggie Obehi Peters, Managing Director of Alpha Technologies Limited, a leading telecommunications operator in Nigeria, has been inducted into the Titans of Tech Hall of Fame. This accolade recognizes her exceptional contributions and lasting impact on the Nigerian ICT sector. The induction ceremony was held during the 20th edition of the Titans of Tech Awards in Lagos over the weekend. The event was a grand celebration of innovation and excellence in Nigeria’s ICT industry, featuring an enchanting performance by the national dance troupe that set a vibrant tone for the evening. Mrs. Peters was one of two women among the…
Author: Elvis Eromosele
Households in Nigeria are expected to spend large amounts of their earnings on basic items such as food and education over the next six months. This is according to a recent Central Bank of Nigeria (CBN) survey. The poll was conducted from July 22 to 26, 2024, with a response rate of 99.7 per cent with its sample size drawn from the National Bureau of Statistics (NBS) master sample list of 1,665 households. In its new Household Expectation Survey published on its website, the CBN said that many Nigerians intend to cut down on items that are not essential now, in…
The Titans of Tech Conference 2024 provided a dynamic platform for exploring the transformative power of technology across various sectors. With influential keynote speakers, thought-provoking panel discussions, and insightful presentations, the conference highlighted the ways in which technology is shaping Nigeria’s future. Here are the top 10 takeaways that encapsulate the key themes and innovations discussed at the event: 1. Revolutionizing Identity Management: The keynote highlighted advancements in digital identity infrastructure, emphasizing how advanced biometric systems can enhance national security and empower citizens. 2. Economic Impact of Technology: Technology significantly impacts various sectors, with ICT contributing 18.44 per cent to…
By Elvis Eromosele In a strategic move aimed at enhancing accessibility and boosting economic activity, the Lagos Metropolitan Area Transport Authority (LAMATA) is exploring a collaborative partnership with the National Theatre, now known as the Wole Soyinka Centre for Culture and the Creative Arts. The alliance is focused on exploring opportunities for joint efforts in transportation infrastructure development within the complex. The collaboration is poised to yield significant benefits for both institutions and the city at large. With three major rail lines – Blue, Red, and Yellow – converging at the National Theatre, the collaboration is poised to transform the…
The Nigerian Communications Commission (NCC) has directed the telecoms operators in the country to immediately reactivate all barred lines following widespread chaos. The statement signed by Reuben Muoka, Director Public Affairs, at the NCC read: “Over the weekend many telecom subscribers/consumers were unable to access their phone lines because of the inability of many telecom consumers to verify their National Identification Numbers (NINs) with their Subscriber Identification Modules (SIMs). This meant that their numbers were blocked by their telecom service providers in keeping with laws and policies of the NIN-SIM linkage. Telecoms consumers and the public will recall the compulsory…
The 20th edition of the Titans of Tech Awards, held weekend, was a spectacular celebration of innovation and excellence in Nigeria’s ICT industry. The event, marked by glamour and dazzle, opened with an enchanting performance by the national dance troupe, setting the stage for a memorable and exciting evening. The highlight of the evening was the cutting of the anniversary cake and the unveiling of the highly anticipated book, 50 Most Influential ICT Innovators in Nigeria. This book not only celebrates the trailblazers of the past but also acknowledges the ongoing contributions of industry leaders who continue to shape the…
Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile, has been acquired by LH Telecommunication Limited. According to a statement issued on Sunday by the company, the acquisition of majority shares in the Nigerian telecom company was approved by the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) as required by law. The investment, which was approved by African Export-Import Bank (AFREXIM), the senior lender to 9Mobile in May 2023 has resulted in a change in control of 9Mobile in favour of the new investor by the issuance of new shares amounting to…
Bank Verification Number (BVN) enrolments by Nigerian bank account owners reached 62.7 million in July 2024, an increase from 61.87 million in May 2024, according to data from the Nigeria Inter-Bank Settlement System (NIBSS). This indicates that 854,267 account holders registered for BVN in the past two months. As of December 2023, the total number of registered BVNs stood at 60 million, marking a growth of 2.7 million so far this year. Despite this increase, the number of active bank accounts in Nigeria was reported at 219.6 million in March 2024, highlighting that a significant portion of account holders still…
Ranks among top African nations for digital transformation A recent report by the International Telecommunication Union (ITU) has ranked Nigeria at 71 per cent in the G5 Readiness Index, highlighting the country’s strong comparative legal, policy, and governance frameworks for digital transformation. Nigeria’s ranking places it among the top seven African countries in readiness for deploying and adopting mass-market 5G networks, with leading global examples being Germany, Finland, and Singapore. The report, titled “Collaborative Regulation: Accelerating Nigeria’s Digital Transformation,” was a joint effort by the ITU, the UK’s Foreign, Commonwealth & Development Office (FCDO), and the Nigerian Communications Commission (NCC).…
Meta, the parent company of WhatsApp, Facebook, and Instagram, has announced the removal of 63,000 accounts linked to ‘Yahoo Boys,’ a term commonly associated with the Nigerian cybercrime scene. These accounts, deleted over recent weeks, were used for financial sextortion scams and distributing blackmail scripts, primarily targeting users in the United States. In a statement, Meta disclosed that although most of the scammers’ attempts were unsuccessful and mainly targeted adults, there were some instances of targeting minors. The company highlighted the borderless nature of financial sextortion, noting the involvement of ‘Yahoo Boys,’ loosely organized cybercriminals primarily operating from Nigeria, who…