With the digital transformation accelerating in the country, the Nigerian government has set itself the goal of democratizing the use of broadband in the country. Broadband penetration in Nigeria is 45% according to the latest statistics from the Nigerian Communications Commission. The Nigerian government has given its agreement for the concession of a research and development...
The federal government is aiming for 70% broadband penetration in Nigeria by 2025. To this end, Abuja is stepping up actions to encourage more investment in the sector. Telecom operators will now pay N14.50 (USD 0.033) per meter as a right of way fee to deploy broadband infrastructure in the Federal Capital Territory of Nigeria. The...
The information and communication technology sector is taking up more and more space in the Nigerian economy as oil revenues decline. In the third quarter of 2022, the oil sector contributed 5.66% to GDP. The information and communication technology (ICT) sector contributed 15.35% to Nigeria’s real gross domestic product (GDP) in the third quarter of 2022,...
The acceleration of digital transformation and the rising demand for cloud services has made Nigeria ripe for investment for Liquid Intelligent Technologies LAGOS, Nigeria, November 28, 2022/ — Liquid Intelligent Technologies (https://www.Liquid.Tech/), a business of Cassava Technologies, a pan-African technology group, officially announces the launch of its operations in Nigeria. As a one-stop shop technology...
The Nigerian Communications Commission (NCC) has adopted and published the “final version”: https://www.ncc.gov.ng/docman-main/licensing/license-auction-reports/3-5ghz-spectrum-202210/1064-information-memorandum-3-5ghz-spectrum-auction/file of its Information Memorandum for an auction of additional spectrum in the 3.5GHz band, following the successful sale of 5G licences in that range in December last year. Last month interested stakeholders were invited to make written submissions and participate in a...
Despite high mobile and internet penetration, broadband usage remains relatively low in Nigeria. The government, which is aiming for 70% broadband penetration by 2025, is multiplying initiatives to achieve this ambition just two years from the deadline. The Nigerian Communications Commission (NCC) has announced that on Thursday, November 24 it will award contracts to companies for...
MTN Nigeria had already acquired a first 5G license in December 2021 during an auction organized for this purpose by the regulator. The company is also the only one currently providing ultra-broadband services in Nigeria. Telecom operator MTN Nigeria has applied to participate in the new telecom spectrum auction for 5G that the Nigerian Communications Commission...
Satellite operator Eutelsat Communications has inked a deal with Nigerian wireless ISP Tizeti to jointly improve broadband penetration in Nigeria, particularly in underserved locations. The two companies will deploy Eutelsat’s KA-band satellite connectivity, known as Konnect, to reach remote communities and provide fast and affordable internet services. The partnership will provide a complementary solution that leverages satellite...
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant fintech markets in the continent. The study conducted to evaluate and determine the state of fintechs in the African markets also said that fintechs in Africa grew by 81% in 2021. The report titled ‘The Future...
As digital transformation accelerates, Amazon Web Services continues to strengthen its presence on the African continent. Last September, the company opened an office in Johannesburg, South Africa. Amazon Web Services (AWS), the subsidiary of the American group Amazon specializing in the provision of cloud computing services, announced on Tuesday November 1 that it had opened its...
