TechEconomy Archives | Tech | Business | Economy https://techeconomy.ng/tag/techeconomy/ Tech | Business | Economy Thu, 23 Apr 2026 23:12:41 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png TechEconomy Archives | Tech | Business | Economy https://techeconomy.ng/tag/techeconomy/ 32 32 RANKED 2026: African Media Must Move Beyond Traffic as Trust, Communities and Creators Redefine Digital Attention https://techeconomy.ng/ranked-2026-african-media-trust-over-traffic/ https://techeconomy.ng/ranked-2026-african-media-trust-over-traffic/#respond Fri, 24 Apr 2026 05:00:36 +0000 https://techeconomy.ng/?p=180412 Experts at the RANKED 2026 launch said digital media companies across Africa must stop relying on clicks and page views alone, as trust, niche audiences, creators and direct relationships become the new drivers of growth.

The post RANKED 2026: African Media Must Move Beyond Traffic as Trust, Communities and Creators Redefine Digital Attention appeared first on Tech | Business | Economy.

]]>
The digital media sector in Africa can no longer rely on clicks and page views alone, speakers at the launch of RANKED Report 2026 said on Thursday, warning that trust, direct audience relationships and niche influence are now more important than raw traffic.

The report, produced by SquirrelPR, examined how digital news media is performing across 13 African countries, providing insight into audience growth, influence and changing consumption habits.

A panel session titled Winning the Digital Attention War brought experts from media, banking and communications who agreed that the old model of chasing website traffic is under pressure from social media, creators and artificial intelligence.

The session, moderated by Ifeanyi Abraham, PR director, CIG Motors, comprised panellists including Múyiwa Mátuluko, chief executive officer, Techpoint Africa; Rasheed Bolarinwa, head of Brand Marketing and Communications, Polaris Bank; Damilola Bright-Ukwenga, PR and communications professional; and Olufemi Ajasa, online editor, Vanguard Newspaper.

Traffic no longer enough

Mátuluko said media companies should stop trying to be everything to everyone and instead build focused platforms for specific industries.

He said Techpoint is expanding into specialist brands such as finance, energy and agriculture, targeting engaged professional audiences rather than chasing mass numbers.

We’re taking conversation away from traffic,” he said.

He added that advertisers now care more about credibility and access to the right audience than vanity metrics.

For him, a smaller but trusted niche audience can be more valuable than millions of casual visits.

Brands want conversion, not impressions

Bolarinwa said marketing budgets are now under greater review, with senior executives demanding measurable returns.

He said old benchmarks such as impressions and follower counts are losing importance.

Nobody’s going to talk about that anymore, conversion, trust and influence.”

He added that brands are already shifting spending toward niche publishers, creators and platforms with stronger communities.

Using Polaris Bank’s digital product launches as an example, he said specialist tech media played a major role in reaching the right market.

Legacy media says journalism still wins

Ajasa defended established publishers, saying strong reporting, community presence and credibility are their biggest strengths.

He said Vanguard still invests in reporters across Nigeria and focuses on solving real audience problems through practical journalism.

He mentioned projects such as flood coverage and cost-of-living reports.

What we do is journalism, and the fabric of journalism has not changed.”

Ajasa also pushed back against claims that legacy outlets depend on sensational headlines, saying digital operations now combine speed with verification.

“We have built a work system that solves the problem of speed and accuracy, without compromising quality.”

PR industry turns to creators

Bright-Ukwenga said brands now use creators and smaller influencers from the planning stage of campaigns, not as an afterthought.

She said many creators hold stronger trust with followers than larger celebrity influencers.

“The earlier brands begin to look in their direction, the better for that brand, because you would always be in conversations.”

She added that some brands now maintain private circles of trusted creators who can amplify campaigns in a more natural way.

AI changing search, teams and workflows

Artificial intelligence was one of the biggest themes of the session.

Mátuluko said publishers should not panic but adapt quickly.

AI is not going to replace you. No, it’s basically the person using AI that will replace you.”

He revealed that Techpoint already uses an AI-powered reporter for routine updates, with human editors reviewing output before publication.

Ajasa said AI is also hurting referral traffic from search engines, forcing publishers to build direct audience relationships through newsletters, podcasts and first-party data.

The search traffic is going down.”

Bolarinwa said AI can improve speed and automate tasks, but originality still matters.

You can’t compare what I write to what AI will write.”

Warning against dependence on Big Tech

Several speakers warned African media businesses against over-reliance on platforms such as Google, X and TikTok.

Mátuluko said publishers must own direct relationships with audiences through email lists, events, reports, courses and communities.

We have WhatsApp, we have a newsletter, we have podcasts, but I still want my own audience.”

Bolarinwa added that African companies should begin building stronger home-grown digital platforms.

What RANKED 2027 should track

Panel members at the launch of RANKED 2026 report urged the team to expand future editions to include the creator economy, partnership revenue, events, trust signals and verified analytics.

They also called for stronger measurement of global versus local audiences, warning that percentages alone can distort the scale of a publisher’s reach.

The post RANKED 2026: African Media Must Move Beyond Traffic as Trust, Communities and Creators Redefine Digital Attention appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/ranked-2026-african-media-trust-over-traffic/feed/ 0
Techeconomy Business Series | Meet Ogechi Okwechime, Ekundayo Ayeni, Adepeju Ajayi, Bukayo Ewuoso this Wednesday https://techeconomy.ng/techeconomy-business-series-meet-ogechi-okwechime-ekundayo-ayeni-adepeju-ajayi-bukayo-ewuoso-this-wednesday/ https://techeconomy.ng/techeconomy-business-series-meet-ogechi-okwechime-ekundayo-ayeni-adepeju-ajayi-bukayo-ewuoso-this-wednesday/#respond Mon, 26 Jan 2026 10:52:31 +0000 https://techeconomy.ng/?p=174902 Techeconomy, Africa’s leading technology, business and digital economy publication, has announced an upcoming edition of its Techeconomy Business Series, a virtual webinar that focuses on topical issues and trends across sectors of the economy. This month’s edition focused on “Navigating a Career in Tech Sales”, is scheduled for Wednesday, January 28, 2026, from 5:00 PM […]

The post Techeconomy Business Series | Meet Ogechi Okwechime, Ekundayo Ayeni, Adepeju Ajayi, Bukayo Ewuoso this Wednesday appeared first on Tech | Business | Economy.

]]>
Techeconomy, Africa’s leading technology, business and digital economy publication, has announced an upcoming edition of its Techeconomy Business Series, a virtual webinar that focuses on topical issues and trends across sectors of the economy.

This month’s edition focused on “Navigating a Career in Tech Sales, is scheduled for Wednesday, January 28, 2026, from 5:00 PM to 6:00 PM (WAT)

Register using the link here

It will bring together seasoned professionals from across Africa’s technology ecosystem to share practical insights, real-life experiences, and career guidance for individuals looking to build or transition into successful careers in tech sales.

“As Africa’s digital economy continues to expand, tech sales has emerged as a critical growth driver, bridging innovation, customer adoption, and revenue generation,” said Joan Aimuengheuwa, managing editor at Techeconomy.

“The session is designed to equip professionals, young talents, and business leaders with a clearer understanding of the skills, mindset, and career pathways required to succeed in this fast-evolving field”, she added.

The panel features accomplished industry experts including Ogechi Okwechime, divisional head, Growth Marketing (Enterprise), Interswitch Group; Ekundayo Ayeni, co-founder, BusinessPlus; Adepeju Ajayi, manager, Mobile Advertising, MTN Nigeria; and Bukayo Ewuoso, Business Growth Consultant.

The session will be hosted by Imoh Anselem, an IT Project Manager and Customer Success Specialist.

Participants will gain insights into:

  • Breaking into tech sales and identifying entry opportunities
  • Key skills and competencies employers look for
  • Career growth strategies within Africa’s digital economy
  • Lessons from real-world sales and growth experiences

Webinar Details:

Date: Wednesday, January 28, 2026 | Time: 5:00 PM – 6:00 PM (WAT) | Format: Virtual (Zoom)

Registration/Access Link: https://shorturl.at/mMvLu

Attendance is free, but registration is required.

“The Techeconomy Business Series is part of Techeconomy’s ongoing commitment to fostering informed conversations, capacity building, and talent development across Africa’s technology and business landscape”, the managing editor added.

The post Techeconomy Business Series | Meet Ogechi Okwechime, Ekundayo Ayeni, Adepeju Ajayi, Bukayo Ewuoso this Wednesday appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/techeconomy-business-series-meet-ogechi-okwechime-ekundayo-ayeni-adepeju-ajayi-bukayo-ewuoso-this-wednesday/feed/ 0
Techeconomy Joins Tech Revolution Africa 2.0 Conference as Media Partner https://techeconomy.ng/techeconomy-joins-tech-revolution-africa-2-0-conference-as-media-partner/ https://techeconomy.ng/techeconomy-joins-tech-revolution-africa-2-0-conference-as-media-partner/#respond Tue, 13 Jan 2026 21:23:52 +0000 https://techeconomy.ng/?p=174124 Techeconomy has stepped forward as a key partner for Tech Revolution Africa 2.0 2026, reinforcing its role in illuminating the intersections of technology, business, and economic growth across Africa. This sponsorship aims to enhance the visibility of Africa’s tech advancements, encourage stakeholder engagement, and contribute to a narrative that positions the continent as a global […]

The post Techeconomy Joins Tech Revolution Africa 2.0 Conference as Media Partner appeared first on Tech | Business | Economy.

]]>
Techeconomy has stepped forward as a key partner for Tech Revolution Africa 2.0 2026, reinforcing its role in illuminating the intersections of technology, business, and economic growth across Africa.

This sponsorship aims to enhance the visibility of Africa’s tech advancements, encourage stakeholder engagement, and contribute to a narrative that positions the continent as a global leader in digital innovation.

Scheduled for January 30–31, 2026, at the Landmark Event Centre in Lagos, Nigeria, Tech Revolution Africa 2.0, themed “The Big Bold Step“, will host 3,000 to 5,000 participants from 10+ countries.

The summit brings together a diverse array of founders, investors, policymakers, and innovators to delve into how AI, data, connectivity and digital infrastructure, payment innovations, improved investments, startup and talent growth are fueling Africa’s economic surge. Attendees can expect thought-provoking sessions that address pressing issues, including digital inclusion, sustainable tech adoption, and cross-sector collaboration, all aimed at unlocking the continent’s vast potential.

In its partnership capacity, Techeconomy will leverage its platform to deliver comprehensive event promotion, real-time reporting, and in-depth follow-up analyses, ensuring the summit’s key takeaways reach a broad international audience.

s a leading digital media outlet, Techeconomy specialises in delivering rigorous coverage of technology, business, and the digital economy.

With a global footprint including Nigeria, the US, UK, South Africa, Kenya, Ghana, India, and Europe, it prides itself on truthful, accurate journalism that helps businesses, professionals, and leaders make informed decisions in a rapidly changing world. From analysing market trends to exploring policy implications, Techeconomy connects innovation with practical insights.

David Ogebe, Co-founder of Tech Revolution Africa, stated,

“Techeconomy’s partnership brings invaluable media expertise to Tech Revolution Africa 2.0”. “Their trusted voice in tech and business reporting will help broadcast the event’s innovations and impacts to audiences worldwide, extending the summit’s influence long after it concludes.”

Peter Oluka, the editor of Techeconomy, emphasised the alignment:

“Partnering with Tech Revolution Africa 2.0 aligns seamlessly with our mission to bridge innovation and insight. Africa’s digital story is one of resilience and opportunity, and we’re committed to telling it with depth and integrity. This event is a catalyst for meaningful change, and we’re excited to amplify its message.”

Glory Olamigoke, Co-founder of Tech Revolution Africa, noted:

“Partnerships with platforms like Techeconomy are essential for accelerating Africa’s tech narrative. It’s a collaboration that emphasises authenticity, ensuring our continent’s progress is documented and celebrated by those who understand its nuances.”

The event’s robust agenda features expert-led keynotes, panel debates, skill-building workshops, and strategic networking sessions, all designed to spark investments and partnerships.

Building on the momentum of prior gatherings that have influenced startup funding and regulatory frameworks, TRA 2.0 is positioned to set new benchmarks in Africa’s tech dialogue.

As the date approaches, excitement builds around explorations of AI’s role in efficiency, data’s power in decision-making, infrastructure’s foundation for connectivity, and payments’ evolution toward inclusivity.

This partnership reflects Techeconomy’s dedication to fostering ecosystems where information drives progress and solidifies Africa’s place in the global digital arena.

Tech Revolution Africa

Tech Revolution Africa, founded by David Ogede and Glory Olamigoke, is Africa’s foremost technology convergence hub. It unites stakeholders across the tech value chain to ignite discussions, build alliances, and realise the potential to advance the continent. Tech Revolution Africa 2.0 – The Big Bold Step promises a dynamic blend of inspiration and execution. Limited Tickets Available.

Join the Tech Revolution Africa 2.0 Conference Today.

Techeconomy

On the other hand, Techeconomy stands apart for its commitment to truth and accuracy, for the quality of its reportage of Technology – Business – Economy related events.

The platform offers its readers Content-as-a-Service (CaaS) by telling you what is new in Technology, Business and Economy; reflecting on why it matters, how it works and the benefits.

Meet Tech Revolution Africa 2.0 speakers
Meet Tech Revolution Africa 2.0 speakers

As we enter the final countdown to Tech Revolution Africa 2.0, tickets are moving quickly. Secure your place at this must-attend event and connect with the visionaries shaping Africa’s tomorrow.

Act now before spots fill. Visit techrevolutionafrica.org to buy your ticket and immerse yourself in the action.

Venue: Landmark Event Centre, Lagos

Date: January 30–31, 2026

Purchase Tickets Now: techrevolutionafrica.org

The post Techeconomy Joins Tech Revolution Africa 2.0 Conference as Media Partner appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/techeconomy-joins-tech-revolution-africa-2-0-conference-as-media-partner/feed/ 0
Ookla Ranks MTN Nigeria as the Fastest Network in West and Central Africa https://techeconomy.ng/ookla-ranks-mtn-nigeria-as-the-fastest-network-in-west-and-central-africa/ https://techeconomy.ng/ookla-ranks-mtn-nigeria-as-the-fastest-network-in-west-and-central-africa/#respond Mon, 03 Nov 2025 14:15:24 +0000 https://techeconomy.ng/?p=170404 MTN Nigeria has emerged as the fastest mobile network in West and Central Africa, according to the latest Speedtest Intelligence data by Ookla, the global leader in internet performance metrics. The report, released under the Speedtest Awards banner, highlights MTN’s superior performance in download and upload speeds, cementing its leadership in mobile broadband innovation and […]

The post Ookla Ranks MTN Nigeria as the Fastest Network in West and Central Africa appeared first on Tech | Business | Economy.

]]>
MTN Nigeria has emerged as the fastest mobile network in West and Central Africa, according to the latest Speedtest Intelligence data by Ookla, the global leader in internet performance metrics.

The report, released under the Speedtest Awards banner, highlights MTN’s superior performance in download and upload speeds, cementing its leadership in mobile broadband innovation and 5G deployment.

Key Performance Highlights (Q2 2024)

MTN Nigeria and Speedtest Intelligence data by Ookla
Source: Ookla Speedtest Intelligence, 2024.

5G Rollout Driving Speed Revolution

MTN Nigeria launched its 5G network commercially in September 2022, covering major cities such as Lagos, Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.

The company reportedly invested over $120 million in infrastructure upgrades, spectrum acquisition, and rollout, enabling it to deliver next-generation connectivity to millions of users.

According to Ookla, both Nigeria and Ghana have tripled their median download speeds in just two years, a clear reflection of network modernization and fiber expansion across the sub-region.

Industry Significance

The recognition underscores the role of private sector innovation in driving Africa’s digital transformation.

For consumers, the performance leap means smoother streaming, online gaming, and video calls.
For businesses, it enhances cloud adoption, fintech transactions, and remote operations, critical enablers for a digital economy.

The Road Ahead

As Nigeria’s telecom sector continues to evolve, all eyes are on how competition; Airtel and Mafab will respond to MTN’s dominance in the 5G race. Is there possibility of Glo and 9mobile joining the race too?

The industry regulator – Nigerian Communications Commission (NCC) and industry stakeholders are also expected to prioritize spectrum availability and rural broadband coverage to sustain this momentum.

Summary of the Report:

 

Ookla Ranks MTN Nigeria as the Fastest Network in West and Central Africa -

The post Ookla Ranks MTN Nigeria as the Fastest Network in West and Central Africa appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/ookla-ranks-mtn-nigeria-as-the-fastest-network-in-west-and-central-africa/feed/ 0
AWS Outage Knocks Out Amazon, Alexa, Snapchat, Fortnite, Coinbase, and Canva Worldwide https://techeconomy.ng/aws-outage-disrupts-amazon-snapchat-fortnite-and-more/ https://techeconomy.ng/aws-outage-disrupts-amazon-snapchat-fortnite-and-more/#comments Mon, 20 Oct 2025 09:45:22 +0000 https://techeconomy.ng/?p=169567 Amazon Web Services (AWS) is facing a major outage that has crippled leading platforms like Amazon, Snapchat, Fortnite, Coinbase, and Canva, with users worldwide reporting disruptions.

The post AWS Outage Knocks Out Amazon, Alexa, Snapchat, Fortnite, Coinbase, and Canva Worldwide appeared first on Tech | Business | Economy.

]]>
Amazon Web Services (AWS) is facing an outage that has shut down some of the world’s biggest digital platforms, including Amazon.com, Alexa, Snapchat, Fortnite, Coinbase, and Canva, leaving millions of users unable to access essential online services.

The outage, which originated from AWS’s US-EAST-1 region, began in the early hours of Monday and quickly spread beyond the United States, affecting Europe, Asia, and Africa. 

According to AWS’s own status dashboard, multiple services are currently “impacted” due to “increased error rates and latencies,” with engineers “actively engaged and working to both mitigate the issue and understand root cause.”

For users, the impact has been immediate and widespread. Alexa devices have gone silent, unable to respond to voice commands or execute daily routines like alarms and reminders. 

Developers and businesses using AWS’s cloud network, from Airtable to Perplexity AI and the McDonald’s app, have also been hit. Even high-traffic entertainment platforms like Fortnite, Roblox, and Rainbow Six Siege are offline.

Downdetector, a platform that tracks service disruptions, has logged over 2,000 incident reports in the U.S. alone since the outage began. On Reddit and X (formerly Twitter), frustrated users across time zones have shared screenshots of failed connections and frozen dashboards.

Perplexity is down right now,” confirmed Aravind Srinivas, CEO of Perplexity, in a post on X. “The root cause is an AWS issue. We’re working on resolving it.”

Amazon, in its latest public update at 3:51 a.m. ET, noted that it would provide further information every 45 minutes “or sooner if we have additional information to share.” However, at the time of writing, there is still no estimated timeline for full restoration.

This isn’t the first time AWS’s US-EAST-1 region has been the source of widespread disruption. Similar outages in December 2021, November 2020, and June 2023 took down high-profile platforms including Netflix, Disney+, Slack, Zoom, and Twitch. 

Each incident revealed an issue across the tech industry, that a large portion of the global internet depends heavily on a single cloud provider’s regional infrastructure.

The current outage appears to have hit both consumer-facing apps and backend systems, including AWS’s own Support Center and Support API, which organisations rely on for case creation and troubleshooting.

While AWS has reiterated that engineers are investigating the problem, the lack of transparency about the specific cause of the outage is driving industry-wide anxiety. Many are now revisiting familiar cases of how much centralisation is too much when the internet’s backbone depends on just a handful of companies.

For now, millions of users are in a holding pattern, waiting, refreshing, and hoping their devices come back online soon.

The post AWS Outage Knocks Out Amazon, Alexa, Snapchat, Fortnite, Coinbase, and Canva Worldwide appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/aws-outage-disrupts-amazon-snapchat-fortnite-and-more/feed/ 3
NiRA Announces Theme, Date for Tech Convergence 2.0 https://techeconomy.ng/nira-announces-theme-date-for-tech-convergence-2-0/ https://techeconomy.ng/nira-announces-theme-date-for-tech-convergence-2-0/#comments Tue, 23 Sep 2025 13:43:13 +0000 https://techeconomy.ng/?p=167917 The Nigeria Internet Registration Association (NiRA) is proud to announce the return of its flagship digital economy conference, Tech Convergence, for its second edition. Scheduled for Tuesday, October 14, 2025, at the prestigious Transcorp Hilton Hotel, Abuja, the event promises to be a landmark gathering for Nigeria’s digital ecosystem. With the theme: “Building Nigeria’s Digital […]

The post NiRA Announces Theme, Date for Tech Convergence 2.0 appeared first on Tech | Business | Economy.

]]>
The Nigeria Internet Registration Association (NiRA) is proud to announce the return of its flagship digital economy conference, Tech Convergence, for its second edition.

Scheduled for Tuesday, October 14, 2025, at the prestigious Transcorp Hilton Hotel, Abuja, the event promises to be a landmark gathering for Nigeria’s digital ecosystem.

With the theme: “Building Nigeria’s Digital Future: The Internet as a Catalyst for Growth,” Tech Convergence 2.0 will bring together leading voices across government, industry, academia, civil society, and the private sector to deliberate on strategies that will position Nigeria as a leading digital powerhouse in Africa and beyond.

The internet continues to transform Nigeria’s economy, contributing to the expansion of e-commerce, fintech, education technology, creative industries, and digital services.

According to recent reports, Nigeria’s digital economy contributes over 18% to the national GDP, making it a critical driver of growth and innovation.

Speaking ahead of the conference, Mr. Adesola Akinsanya, NiRA President, underscored the importance of securing Nigeria’s online identity: “Nigeria’s digital economy is a powerhouse, but to sustain its momentum, we must fortify our local internet infrastructure and identity. That is the essence of Tech Convergence uniting stakeholders to safeguard our digital sovereignty through the .ng domain and to unlock the full potential of a connected Nigeria.”

He added that the internet is no longer just an enabler but the engine of digital transformation, with the .ng domain as a symbol of ownership, trust, and sovereignty in Nigeria’s online space.

The Event Chairman, Mr. Seun Kehinde, highlighted the stakeholder-centric design of the conference: “Tech Convergence is more than just an event it is a collaborative platform where ideas are exchanged, partnerships are built, and solutions are crafted. As stakeholders, we share a collective responsibility to ensure the internet continues to drive inclusive growth and innovation in Nigeria.”

The inaugural edition in 2024, held in Lagos, drew more than 400 participants and 25 speakers from across the tech ecosystem. Discussions explored the internet’s role in bridging the gap between the creative sector and digital content. Building on this success, Tech Convergence 2.0 will expand its focus to cover policy, infrastructure, cybersecurity, local content, and emerging technologies.

NiRA has continued to invest in strengthening Nigeria’s internet infrastructure to support innovation and security. Initiatives such as: WHOIS Privacy Redaction – ensuring privacy and protection for registrants of the .ng domain; DNSSEC (Domain Name System Security Extensions) – adding a crucial layer of protection against cyber threats and Capacity Development via the .ng Academy – training thousands of Nigerians on digital skills, domain entrepreneurship and internet governance.

According to NiRA’s Chief Operating Officer, Mrs. Seyi Onasanya: “Our commitment goes beyond managing the .ng domain. We are laying the groundwork for a resilient internet ecosystem that can support startups, SMEs, public institutions and innovators who will shape Nigeria’s digital future.”

What to Expect at Tech Convergence 2.0

This year’s edition will feature:

  • Keynote Addresses from top government officials, industry leaders, and international experts.
  • Panel Discussions covering digital sovereignty, AI and emerging tech, internet governance, cybersecurity, and the role of domains in business growth.
  • Startup Showcase spotlighting Nigerian innovators leveraging the internet to disrupt industries.
  • Networking Sessions designed to connect stakeholders and foster partnerships.
  • Hybrid Access – ensuring both in-person and virtual participants can fully engage.

Event Details

Date: Tuesday, October 14, 2025
Venue: Lagos Osun Hall, Transcorp Hilton Hotels, Abuja
Time: 11:00 AM
Participation: Hybrid – Limited in-person slots available; virtual attendance via NiRA’s website and social media channels.

Registration is now open via the official tech convergence website. Early registration is encouraged due to limited physical slots.

Techeconomy is official media partner to Tech Convergence 2.0

The post NiRA Announces Theme, Date for Tech Convergence 2.0 appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/nira-announces-theme-date-for-tech-convergence-2-0/feed/ 1
Nigeria’s 142m Internet Subscriptions Reshape Telecom Future – MTN Nigeria’s CFO https://techeconomy.ng/nigerias-142m-internet-subscriptions-reshape-telecom-future-mtn-nigerias-cfo/ https://techeconomy.ng/nigerias-142m-internet-subscriptions-reshape-telecom-future-mtn-nigerias-cfo/#comments Mon, 11 Aug 2025 16:21:39 +0000 https://techeconomy.ng/?p=164840 It started with a simple click, a message sent, a video streamed, a payment made. From Lagos traffic to Kano markets, Nigerians are living more of their lives online than ever before. Today, the nation’s appetite for data has exploded to a record 142.16 million active internet subscriptions, with 141.66 million of them on mobile […]

The post Nigeria’s 142m Internet Subscriptions Reshape Telecom Future – MTN Nigeria’s CFO appeared first on Tech | Business | Economy.

]]>
It started with a simple click, a message sent, a video streamed, a payment made. From Lagos traffic to Kano markets, Nigerians are living more of their lives online than ever before.

Today, the nation’s appetite for data has exploded to a record 142.16 million active internet subscriptions, with 141.66 million of them on mobile devices.

Mobile subscriptions now stand at 169 million, while broadband penetration continues to surge, pushing the telecoms sector’s contribution to GDP beyond 14% and valuing it at approximately $10.8 billion.

Meanwhile, MTN Nigeria has posted an impressive financial performance for the first half of 2025, buoyed by strategic tariff adjustments, operational cost savings, and a favourable foreign exchange (FX) environment.

Speaking on the results during an interview on ChannelsTV monitored by Techeconomy, Modupe Kadri, chief financial officer of MTN Nigeria, highlighted the critical role that policy stability and efficiency measures have played in delivering growth.

Revenue Growth and FX Stability

For Q2 2025, MTN Nigeria reported revenue of ₦1.3 trillion and a pre-tax profit of ₦419.61 billion.

The telco also recorded a net foreign exchange gain of ₦295 million, a sharp turnaround from the ₦1 trillion FX loss reported in the same period last year.

This positive shift has been attributed to government-led foreign exchange reforms, increased oil production, and interventions that have stabilised the naira.

Kadri stressed that exchange rate stability is essential for long-term investment planning, particularly given the sector’s heavy reliance on imported infrastructure. “When policies are stable, we can plan, invest, and improve connectivity for Nigerians,” he said.

Beyond Tariff Increases: Efficiency and Cost Management

While recent tariff adjustments have supported revenue growth, Kadri explained that MTN’s rebound is also the result of a five-pronged strategy implemented in 2024.

This included reducing FX exposure by paying off letters of credit (LCs) and renegotiating tower contracts to cut operating expenses. The company has also streamlined operations to boost cost efficiency, further enhancing profitability.

Data Consumption Driving Sector Momentum

Kadri noted that demand for data continues to rise sharply, often surpassing voice services. In some cases, he joked, consumers would “choose to buy data rather than food.”

The shift towards internet-based calls through platforms like WhatsApp has not hurt the company’s bottom line; rather, it aligns with MTN’s positioning as a connectivity provider. “Whether it’s voice or data, our business is enabling connections,” he said.

However, he encouraged subscribers to manage their data usage more consciously, citing auto-download settings, background app activity, and navigation apps as hidden data drains. “It’s not the provider sucking your data,” he clarified, referencing regulator-led billing integrity studies that confirmed accurate charging.

Innovation Through Network-as-a-Service and MVNO Partnerships

MTN is also embracing new business models to expand industry capacity. Through its Network-as-a-Service (NaaS) platform, other operators, such as T2 (formerly 9mobile), can roam on MTN’s infrastructure while retaining their subscriber relationships.

This model, Kadri explained, promotes efficient use of scarce network resources and lowers barriers for new entrants.

In addition, MTN recently signed its first Mobile Virtual Network Operator (MVNO), which will soon go live. These collaborations, he said, align with the company’s vision to “help the industry” and deliver better services to Nigerians.

Outlook: Exiting Negative Equity

MTN Nigeria expects to maintain its growth trajectory into the second half of 2025, with the recovery that began in Q3 2024 gaining momentum.

The company projects it will exit its negative equity position this quarter, marking a significant milestone in its turnaround.

With its share price already up over 50% year-to-date, MTN’s strategic focus on efficiency, innovation, and policy alignment positions it, and the broader telecom sector, as a key driver of Nigeria’s economic health.

The post Nigeria’s 142m Internet Subscriptions Reshape Telecom Future – MTN Nigeria’s CFO appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/nigerias-142m-internet-subscriptions-reshape-telecom-future-mtn-nigerias-cfo/feed/ 3
From Nigerian Soil to Space: NASRDA Joins Historic NASA Mission with Indigenous Crop Seeds https://techeconomy.ng/from-nigerian-soil-to-space-nasrda-joins-historic-nasa-mission-with-indigenous-crop-seeds/ https://techeconomy.ng/from-nigerian-soil-to-space-nasrda-joins-historic-nasa-mission-with-indigenous-crop-seeds/#respond Thu, 31 Jul 2025 10:12:31 +0000 https://techeconomy.ng/?p=164114 In a bold stride for Nigeria’s space ambitions and agricultural innovation, the National Space Research and Development Agency (NASRDA) is marking history today as it participates in its first-ever crewed NASA mission, launching from the Kennedy Space Center in Cape Canaveral, Florida. The mission, Crew-11, is more than just a routine flight to the International […]

The post From Nigerian Soil to Space: NASRDA Joins Historic NASA Mission with Indigenous Crop Seeds appeared first on Tech | Business | Economy.

]]>
In a bold stride for Nigeria’s space ambitions and agricultural innovation, the National Space Research and Development Agency (NASRDA) is marking history today as it participates in its first-ever crewed NASA mission, launching from the Kennedy Space Center in Cape Canaveral, Florida.

NASRDA Nigeria
NASRDA

The mission, Crew-11, is more than just a routine flight to the International Space Station (ISS). It carries the World Seeds Payload, a collaborative agricultural science experiment led by Jaguar Space in partnership with 11 nations, including Nigeria.

Indigenous Crops Take Flight

Nigeria’s contribution to this pioneering mission? A carefully curated selection of six indigenous crop seeds:

  • Okra
  • Cowpea
  • Guinea corn (sorghum)
  • Amaranth
  • Maize
  • Melon

Chosen for their nutritional value, cultural heritage, and agricultural resilience, these seeds are headed to space for one extraordinary reason: to be studied under microgravity conditions aboard the ISS.

The goal? To understand how spaceflight affects seed structure, viability, and growth potential, critical knowledge in the quest for climate-smart agriculture, global food security, and possibly, farming in space.

A Mission Years in the Making

At the heart of Nigeria’s role in this mission is Olayinka Fagbemiro, Assistant Director of NASRDA’s International Cooperation & Linkages Department, and Nigeria’s Project Lead for the initiative.

From the painstaking seed selection to international logistics and agency representation, Fagbemiro has been instrumental in steering Nigeria’s involvement, from vision to launch pad.

The seeds made their way to the United States after NASRDA and Jaguar Space formalized their collaboration through a Memorandum of Understanding (MoU), further cementing Nigeria’s place in global scientific dialogue.

Nigeria’s First Biological Payload in Space

This mission marks a historic first for NASRDA: the first time a biological payload from Nigeria will fly on a crewed NASA mission to the ISS. But beyond headlines, it validates years of research by NASRDA’s Department of Physical and Life Sciences, which has long studied similar crops in simulated gravity environments here on Earth.

Now, those theories are headed for real-world testing, 250 miles above ground.

Science Rooted in Culture, Growing in Space

The World Seeds Payload is not just a technical experiment, it’s a symbol of inclusive, culturally grounded space science.

It underscores how emerging space nations like Nigeria can shape humanity’s future in space, using tools and knowledge rooted in local heritage.

As NASRDA’s seeds float in microgravity alongside cutting-edge global experiments, they carry with them the dreams of a continent, where tradition meets innovation, and where African crops may one day feed interplanetary missions.

NASRDA and NASA in Space

NASRDA and NASA in Space
Payload showing the different Nigerian crop seeds being flown to space in the collaboration between Jaguar Space and NASRDA under the Emerging Space Nations – Space for Agriculture and Agriculture for Space initiative.

NASRDA and NASA in Space
More pictures of the payload.

*Follow Techeconomy for more stories on Nigeria’s growing role in space science, agri-tech, and digital transformation.

The post From Nigerian Soil to Space: NASRDA Joins Historic NASA Mission with Indigenous Crop Seeds appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/from-nigerian-soil-to-space-nasrda-joins-historic-nasa-mission-with-indigenous-crop-seeds/feed/ 0
Visa appoints Aminata Kane as Head of Western and Central Africa https://techeconomy.ng/visa-appoints-aminata-kane-as-head-of-western-and-central-africa/ https://techeconomy.ng/visa-appoints-aminata-kane-as-head-of-western-and-central-africa/#respond Mon, 16 Jun 2025 11:35:01 +0000 https://techeconomy.ng/?p=161115 Visa (NYSE: V) has appointed Aminata Kane as senior vice president, and head of Western and Central Africa, effective September 4, 2025. According to the announcement available to Techeconomy, Aminata, based in Abidjan, Côte d’Ivoire,  will lead Visa’s newly established sub-regional team, covering 23 markets across four key offices in Abidjan, Accra, Kinshasa, and Lagos. […]

The post Visa appoints Aminata Kane as Head of Western and Central Africa appeared first on Tech | Business | Economy.

]]>
Visa (NYSE: V) has appointed Aminata Kane as senior vice president, and head of Western and Central Africa, effective September 4, 2025.

According to the announcement available to Techeconomy, Aminata, based in Abidjan, Côte d’Ivoire,  will lead Visa’s newly established sub-regional team, covering 23 markets across four key offices in Abidjan, Accra, Kinshasa, and Lagos.

Kane is a recognized leader in digital financial services and telecommunications, bringing over a decade of executive experience from Orange’s operations in the Middle East and Africa.

Most recently, she served as Regional Chief Executive Officer for Orange Money Group, where she oversaw Orange Money and Orange Bank Africa services across 17 countries.

A committed advocate for inclusive development, Kane has championed initiatives that empower youth and women through technology, establishing the Orange Foundation and the Orange Digital Center in Sierra Leone—both dedicated to fostering leadership and equipping individuals with essential digital skills for the future

“Aminata’s leadership and deep expertise in digital financial services will be instrumental in driving Visa’s mission to expand financial inclusion across Western and Central Africa. We are excited to have her lead this dynamic region and believe that her strategic vision will help enhance our efforts to create more accessible and innovative digital payment ecosystems,” said Andrew Torre, Visa’s regional president for Central and Eastern Europe, Middle East, and Africa

Aminata Kane began her professional journey at Goldman Sachs, then joined McKinsey & Company as a consultant in Paris, where she developed deep expertise in financial strategy, transformation, and market expansion.

With a strong academic foundation from HEC Paris and the MIT Sloan School of Management, she is recognised as a Young Global Leader by the World Economic Forum and has more recently been named as one of the Top 100 Women CEOs in Africa.

“I am deeply honoured to join Visa at such a pivotal moment for Africa’s digital transformation”, said Aminata Kane. “Building on years of work advancing digital and financial inclusion across Africa and the Middle East, this a unique opportunity to help shape a more inclusive, innovative ecosystem that reflects the talent, ambition, and potential of our region. I look forward to collaborating closely with our teams, partners, and public sector stakeholders to expand access, empower businesses, and deliver trusted, impactful payment solutions that drive sustainable growth and opportunity for all”.

The post Visa appoints Aminata Kane as Head of Western and Central Africa appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/visa-appoints-aminata-kane-as-head-of-western-and-central-africa/feed/ 0
INFINIX ZERO FLIP – a Feature-Rich Foldable Smartphone https://techeconomy.ng/infinix-zero-flip-a-feature-rich-foldable-smartphone/ https://techeconomy.ng/infinix-zero-flip-a-feature-rich-foldable-smartphone/#comments Tue, 28 Jan 2025 14:37:23 +0000 https://techeconomy.ng/?p=152053 Infinix Zero Flip is Here! Discover the amazing flip phone featuring a 6.9-inch AMOLED display, dual 50 MP cameras, and a 4720 mAh battery. SPECIFICATIONS: DISPLAY & DESIGN: Main Display: 6.9-inch Foldable LTPO AMOLED with a resolution of 1080 x 2640 pixels, 120Hz refresh rate, and peak brightness of 1400 nits. Cover Display: 3.64-inch AMOLED […]

The post INFINIX ZERO FLIP – a Feature-Rich Foldable Smartphone appeared first on Tech | Business | Economy.

]]>
Infinix Zero Flip is Here! Discover the amazing flip phone featuring a 6.9-inch AMOLED display, dual 50 MP cameras, and a 4720 mAh battery.

Infinix Zero Flip
Infinix Zero Flip

SPECIFICATIONS:

DISPLAY & DESIGN:

  • Main Display: 6.9-inch Foldable LTPO AMOLED with a resolution of 1080 x 2640 pixels, 120Hz refresh rate, and peak brightness of 1400 nits.
  • Cover Display: 3.64-inch AMOLED with a resolution of 1056 x 1066 pixels, 120Hz refresh rate, and peak brightness of 1100 nits.

Dimensions:

  • Unfolded: 170.75 x 73.4 x 7.64 mm; Folded: 87.97 x 73.4 x 16.04 mm.

CAMERA:

  • Front Camera: 50MP sensor with autofocus.
  • Rear Cameras: 50MP main sensor with OIS and PDAF.
  • 50MP ultra-wide sensor.

Video Recording: Supports 4K video at 30/60fps and slow-motion recording.

BATTERY & CHARGING:

Battery Capacity: 4720 mAh.

Weight: 195 grams.

COLOURS: Rock Black | Blossom Glow.

PERFORMANCE:

  • Processor: MediaTek Dimensity 8020 (6 nm) Octa-core (4×2.6 GHz Cortex-A78 & 4×2.0 GHz Cortex-A55).
  • GPU: Mali-G77 MC9.
  • RAM: 8GB, with an option for 16GB extended RAM.
  • Storage: 512GB UFS 3.1.

Charging: 70W wired charging and 10W reverse wired charging.

Operating System:

  • OS: Android 14 with XOS 14.5, upgradeable up to Android 16 with 3-year security patch updates.

Connectivity:

  • Network: Supports 5G, 4G, 3G, and 2G bands.
  • SIM: Dual Nano-SIM.
  • Wi-Fi: Wi-Fi 802.11 a/b/g/n/ac/6, dual-band.
  • Bluetooth: Version 5.4.
  • NFC: Yes.

USB: Type-C with OTG support.

Additional Features:

Audio: 24-bit/192kHz Hi-Res & Hi-Res Wireless audio, tuned by JBL.

Sensors: Side-mounted fingerprint sensor, accelerometer, gyroscope, proximity sensor, and compass.

Durability: Zero-gap hinge design tested to withstand 400,000 folds.

PRICE IN NIGERIA:

A number of factors come to play when you are discussing the price of Infinix Zero Flip. For instance, you need to consider the model, location, delivery, the retail store and ultimately, your bargaining price. But be assured the price is not less than ₦1m.

The post INFINIX ZERO FLIP – a Feature-Rich Foldable Smartphone appeared first on Tech | Business | Economy.

]]>
https://techeconomy.ng/infinix-zero-flip-a-feature-rich-foldable-smartphone/feed/ 1