Connect with us

Telecom

Nigeria’s OnePipe Secures N2.25Bn Collateralized Credit Facility from TLG Capital

Published

on

Kindly share this post

TLG Capital, a pan-African alternative investments firm, on Thursday announced that it has partnered with OnePipe to provide credit services to the informal sector in Nigeria.

The firm provided up to 2.25 billion Naira in a collateralized credit facility for OnePipe, a Nigerian financial infrastructure company that uses its technology platforms to enable traditional businesses to embed financial services into their operations.

The deal was completed by the TLG Africa Growth Impact Fund (AGIF) and represents TLG Capital’s 34th investment. The investment will be used to provide inventory finance to small shops in Nigeria.

OnePipe is a fast-growing financial infrastructure company that enables merchants to access goods on credit from larger distributors who work with OnePipe.

The company has built an extensive network of field officers and partners, including banks, and payment service providers.

OnePipe also has secured a strong roster of equity investors, including Atlantica Ventures, P1 Ventures, Norrsken Foundation, Techstars, Tribe Capital, V&R Associates, Canaan Partners, DFS Labs, Ingressive Capital, Acquity, Raba, Saison Capital, The Fund, and Two Culture Cap.

The investment by TLG Capital will allow OnePipe to expand its operations with a vision of becoming a leading provider of financial services to the informal sector in Nigeria.

According to the International Labour Organization, the informal sector accounts for over 85% of employment in Africa. Providing financial access to this sector is crucial for economic development and poverty reduction. OnePipe’s model is well-positioned to address this need, and TLG Capital’s investment will help to support this effort.

Ope Adeoye, the CEO of OnePipe, said: “TLG’s extensive experience structuring debt in Nigeria and their deep network across Africa, particularly in venture, made them the partner of choice as we look to scale.

“TLG is our first debt partner and has been a powerful resource in planning our growth and balance sheet strategy. Through this partnership, we’re looking to build the infrastructure to provide credit and payment services to the two-thirds of Nigerian business owners who don’t have access to effective and practical banking services.”

Isaac Marshall, an investment professional at TLG, said: “Nigeria’s $220 billion cash-based informal sector comprises 38 million enterprises that are the most neglected segment of Nigerian businesses, avoided by both the fintechs and traditional financiers. With a clever product to help these businesses to obtain both credit and better purchasing terms on their goods, OnePipe has pioneered a model that can provide sustainable income growth to tens of millions of micro-enterprises.”

TLG Capital’s investment in OnePipe aligns with several Sustainable Development Goals, including SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth), and SDG 9 (Industry, Innovation and Infrastructure). By providing credit to informal micro-businesses, OnePipe is helping to create sustainable income growth and promote economic development.

TLG Capital and OnePipe are excited to collaborate on this initiative and look forward to working together to promote financial inclusion and economic growth in Nigeria.


Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

NCC Blames Growing Data Demand Network Quality Issues

Published

on

Kindly share this post

Nigerian Communications Commission (NCC) has linked Quality of Service (QoS) challenges across telecom networks to rising data consumption, stating that operators are ramping up efforts to sustain investments to improve coverage and capacity.

NCC Blames Growing Data Demand Network Quality Issues

Dr Aminu Maida, executive vice chairman, NCC,

Dr Aminu Maida, executive vice chairman, NCC, stated this during a breakfast meeting with the media in Abuja on Friday, where he noted that while service quality is improving, it is yet to meet regulatory expectations.

He said recent data shows positive signals from independent user-based measurements, indicating that network performance is getting better rather than deteriorating.

However, he explained that increased usage is offsetting gains, creating a cycle where improved services trigger higher demand, which in turn puts fresh pressure on infrastructure.

“We’re still not where we want to be, but are we satisfied as a regulator? I would say within the context for which we operate, I think the area of satisfaction is the fact that we’re beginning to see the right signals. But at the same time, we also see a rise in consumption. So it’s like a cycle. As they’re making investments and making upgrades, people are consuming more,” he said.

Maida disclosed that data consumption has risen by about 170 per cent in the last two years, describing the surge as a major factor behind network strain.

The EVC added that operators are responding with increased investments, with site upgrades expected to rise significantly this year to expand both coverage and capacity.

He also highlighted regulatory efforts to improve industry sustainability, including ongoing policy reviews, cybersecurity framework implementation, and collaboration with security agencies to protect telecom infrastructure.

 

 


Kindly share this post
Continue Reading

Telecom

How Nigerians Are Secretly Using AI to Master Creative Skills Fast

Published

on

Kindly share this post

Google has revealed new insights showing that Nigerians are increasingly leveraging Search and artificial intelligence tools to develop creative skills and explore artistic pursuits in 2026.

How Nigerians Are Secretly Using AI to Master Creative Skills Fast

Google AI

According to the latest trends for March, there is a growing shift toward using technology as a practical assistant for personal growth, learning and creative expression across the country.

Nigeria’s longstanding reputation as a creative powerhouse continues to shape this trend. From the global dominance of Afrobeats to the rise of Nollywood—now ranked as the fifth-largest film industry globally—the country’s cultural influence remains strong. Industry data shows Nollywood’s value is approaching $8 billion, with over 70 per cent of viewership for Nigerian-produced content coming from international audiences. Similarly, Afrobeats continues its global surge, recording more than 13 billion streams annually on platforms like Spotify.

Google’s data indicates that Nigerians are deliberately using digital tools to sharpen their creative abilities. Interest in learning painting has surged by 90 per cent over the past year, while calligraphy has emerged as a breakout trend, reflecting new forms of artistic exploration.

Music-related learning is also on the rise, with searches for guitar lessons increasing by 80 per cent. At the same time, users are exploring emerging AI-powered tools such as Lyria 3, highlighting a blend of creativity and advanced technology.

Beyond the arts, Nigerians are turning to digital tools to broaden global connections. Interest in learning Italian has jumped by 130 per cent, while searches for Japanese language learning have doubled within the past year.

This growing appetite for digital learning is supported by Nigeria’s expanding tech-driven economy. Research by Public First suggests that every dollar invested in digital technology generates more than eight dollars in economic value. The ICT sector has also emerged as a key contributor, accounting for over 16 per cent of the country’s real GDP.

Students and families are equally tapping into AI-powered tools for education. Searches for AI tutors have become a breakout trend, while interest in combining AI with subjects like chemistry has doubled over the past year. Homework-related searches have also risen by 70 per cent.

These developments are being bolstered by improved digital infrastructure, including projects such as the Equiano subsea cable, which significantly increases internet capacity and connectivity across the region.

Commenting on the trend, Taiwo Kola-Ogunlade said it is encouraging to see Nigerians using AI creatively to unlock new opportunities.

He noted that the rise in creative arts and language learning reflects a population actively shaping its future with technology, using AI tools as “24/7 tutors” to build skills and connect globally.

Google added that tools such as Search and Workspace are already delivering measurable productivity gains, with Nigerian knowledge workers saving over 22 million hours weekly—equivalent to an estimated $4.7 billion boost in productivity.

The surge in AI literacy, which has grown by 840 per cent, further underscores a broader shift as Nigerians increasingly integrate technology into their creative, academic and professional lives.


Kindly share this post
Continue Reading

Telecom

Samsung Galaxy S26 Series Lands on Konga, Blending Innovation with Accessibility

Published

on

Kindly share this post

Samsung Galaxy S26 series has made a confident statement of intent; a flagship lineup that blends refined design, intelligent performance, and forward-looking innovation into one cohesive experience. Nigerian consumers looking to get their hands on these devices can now shop directly on Konga or visit any Konga retail center nationwide.

Samsung Galaxy S26 Series Lands on Konga, Blending Innovation with Accessibility

Samsung Galaxy S26 Series

The Samsung Galaxy S26, S26+, and S26 Ultra have generated significant global attention, and  Nigeria is no exception. This series represents a quantum leap in mobile technology, delivering features that aren’t just incremental improvements; they fundamentally transform how we interact with our smartphones.

Perhaps the most talked-about feature is the revolutionary Privacy Display technology.  Samsung has engineered a solution for the modern, mobile professional who needs to work in public spaces without compromise. Using advanced light-control technology, the S26 narrows the viewing angle, making screen content visible only to the person directly in front of the device. Whether you’re reviewing sensitive documents or personal messages, you can interact with your device with complete confidence.

Equally compelling is the Steady Horizon Lock, an advanced camera stabilization system that elevates mobile photography to a professional level. This intelligent system uses gyroscopic sensors and AI-powered algorithms to keep your display perfectly level, regardless of how you hold the device. Whether you are capturing high-speed motion or recording content on the move, the S26 ensures smooth, professional-grade output that reviewers worldwide have called a total game-changer for mobile videography.

The Galaxy S26 series also takes AI integration to unprecedented heights. These devices  feature deeply embedded AI that learns your specific usage patterns, anticipates your needs,  and optimizes performance in real-time. From intelligent battery management that extends  your usage based on your daily routine, to predictive text that understands context with  remarkable accuracy, the S26 series doesn’t just respond to your commands, it anticipates  them. This positions the device as more than just a smartphone; it’s a personal digital assistant tailored to your lifestyle.

Beyond the hardware, Samsung has prioritized device protection through Samsung Care+  (SC+). Offering comprehensive protection for your investment, SC+ provides significant peace of mind for premium owners. To take full advantage of this, customers are encouraged to register their devices within 30 days of purchase to benefit from substantial discounts on screen repairs for the first 12 months.

The Samsung Galaxy S26 series delivers a compelling blend of innovation, performance, and user-centric features. With its availability on Konga.com, Nigerian consumers have access to  cutting-edge technology through a trusted and convenient purchasing channel.

As the market continues to evolve, this collaboration highlights the importance of authenticity and experience in shaping the future of tech in Nigeria.


Kindly share this post
Continue Reading

Trending