Until now having only 35,000 km of optical fiber, Nigeria needs 95,000 km to ensure complete coverage and guarantee high-speed Internet services to the entire population. Nigeria will have to invest between 1.5 and 2 billion US dollars to extend optical fiber throughout the country. This was revealed by Bosun Tijani (photo), Minister of Communications, Innovation...
When Tijani visited the SecureID Limited facility in Lagos, Nigeria—the first accredited smartcard manufacturing facility in sub-Saharan Africa—he raised awareness of this. The minister’s visit’s main goal was to familiarise himself with the capabilities of SecureID Limited, a business that is certified by Visa International, Mastercard Incorporated, Verve, GSMA, GH-Link, 9001/2015, Card Quality Management (CQM)...
Despite being the main driver of the country’s economic progress for more than five years, Nigeria’s Information and Communication Technology (ICT) Sector is beginning to decline. According to Cardinal Stone Research experts, the slowdown is due to decreasing capital expenditure or capital expense intensity among key telecommunications operators. The industry recorded its lowest real-term growth...
Oil firms and educational institutions in Nigeria, Africa’s largest economy, are among the early users of MTN’s 5G network deployment, which is boosting the mobile operator in its largest market. Partnerships with Seplat Oil and Gas, as well as Huawei and Baze University in Abuja, were cited as encouraging adoption of 5G by the pan-African...
The government is seeking partnerships to train 3 million young Nigerians in digital skills over the next three years. Telecom infrastructure company IHS Towers recently committed to invest N1 billion for the implementation of the program. Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has called on Finnish technology company Nokia to increase...
On November 1, Nigeria, along with 28 other nations, signed the historic Bletchley Declaration, marking a pivotal moment in global efforts to shape the responsible development and deployment of Artificial Intelligence (AI). This landmark agreement, reflects a shared vision among nations, acknowledging both the immense opportunities and the significant risks that AI presents to humanity....
The amount, which shows spending between January and September 2023 was recorded in the financial statements of the top two telecoms, MTN Nigeria and Airtel Africa and indicates a 32.57% rise from the ₦1.95 trillion recorded from income sources of both companies in the corresponding period of 2022. According to the report, Airtel’s data subscription...
In the next four years, Nigeria’s e-commerce sector is expected to hit US$14 billion. In recent months, the industry has grown significantly, attracting significant investment and providing a robust marketplace for small and medium-sized businesses. Coronation Merchant Bank (CMB) stated that assuming an average annual growth rate of 11.7% over the next four years would...
As part of efforts to confront challenges rocking the telecommunications industry, experts in the field have offering strategic solutions to navigate the complexities and propel the industry forward. Speaking at the Mobile Virtual Network Operators (MVNO) conference hosted by XIUS at the Oriental Hotel in Lagos on Thursday, experts predicted a transformative era in the...
The Nigerian Senate has raised alarm over the country’s annual loss of $500 million due to cybercrime. The Senate voiced concern that cyber-crime could erode the digital economy gains. As a result, in order to prevent cybercriminals and anyone with malicious intent from exploiting Nigeria’s digital space, the upper legislative house has begun reviewing and...
