Telecom
I Am Buying a Lot of IHS Towers Stock in 2024 – Iyinoluwa Aboyeji
Iyinoluwa Aboyeji (@iaboyeji), an entrepreneur in the public interest and founding partner at Future Africa, has provoked conversation on X (formerly Twitter).
His eye-opening tweet ‘I am buying a lot of IHS stock in 2024’ has got X users talking about one of the largest telecommunications infrastructure providers in Africa, Latin America and the Middle East by tower count and the fourth largest independent multinational tower company globally.
Iyi, as he is popularly called among the Tech BROs and SISs, tweeted with his verified X handle:
“I am buying a lot of IHS stock in 2024. That company is going to be the infrastructure backbone of Nigeria’s digital Revolution. I just need them to list on NGX so I can buy more in Naira”.
https://twitter.com/iaboyeji/status/1738197940215165228
Iyinoluwa Samuel Aboyeji is a Nigerian entrepreneur. He co-founded Andela, and Flutterwave. These are globally renowned startups.
Aboyeji was cited as one of the Top 100 most influential Africans by New African magazine in 2019. He has eyes for investments hence his tweet about buying IHS Towers stock in 2024 sparked conversations:
Talking about IHS, the group has nearly 40,000 towers across its 11 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia.
The company began operations in the Nigeria telecommunications space in 2001, and remains the group’s largest market today.
The company started as a provider of site build services for mobile network operators in Nigeria, but has gone on to develop deep expertise in all aspects of telecom towers.
Today, IHS and its subsidiaries in Nigeria manage over 16,700 sites. The company operates from its head office in Lagos but have regional offices in Abuja, Ibadan, Enugu, Asaba, Kano and Port Harcourt; and controls estimated 65% tower market share in Nigeria, as at December 2020.
IHS Towers delivers innovative solutions to its customers, including making use of Greenfield and rooftop sites, and developing rural telephony projects to connect the most remote communities in Nigeria.
It provides colocation for Telcos and managed services which helps to drive broadband penetration in the country.
Aside that, IHS runs fibre optic infrastructure connected to Data centers as it operates two datacenters – in Lagos and Abuja – enabling the company to support the Network Operating Centers with a high-quality IT infrastructure, robust security and a reliable network.
IHS’ footprint and commitment to the development of science, technology, innovation, digital skills and entrepreneurship also include a one-year partnership with Limitless Space Institute (LSI), a non-profit education and research organisation.
The programme, which will commence in January 2024, is designed to help broaden access to space education in the company’s two largest markets, including Nigeria.
Through this collaboration, 20 science, technology, engineering, and mathematics (STEM) educators from Brazil and Nigeria will be invited to join the 12-month Limitless Global Educator Program and access a carefully curated space education curriculum delivered by experts from LSI.
Also IHS Nigeria and the Kwara State Government have also signed a Memorandum of Understanding (MoU) to establish technology innovation hub to stimulate and deepen the alignment of technology, innovation, entrepreneurship, investment, and job creation for young people aged 18 to 35 years old.
Under this partnership for the establishment of Ilorin Innovation Hub, IHS Nigeria will provide financial and technical support to complete the build of the Ilorin Innovation Hub, in addition to operating and managing it for the Kwara State Government. IHS Nigeria will also deliver various training programmes including on digital skills enhancement, and accelerator programmes for start-ups at the Hub.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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