Telecom
Moniepoint CEO Pushes New Credit Revolution for Millions of Nigerian Small Businesses
As the Central Bank of Nigeria (CBN) officially rolled out its ambitious Nigeria Payments System Vision (PSV) 2028 framework in Abuja, industry leaders are shifting the conversation from how money moves to making a robust case for how those transactions can unlock economic survival for millions of underserved businesses.
Tosin Eniolorunda, Founder and Group Chief Executive Officer of Moniepoint Inc,
Tosin Eniolorunda, Founder and Group Chief Executive Officer of Moniepoint Inc, has said the next phase of growth in Nigeria’s payments ecosystem will come from building credit products directly on top of existing payment infrastructure, using transaction data to unlock financing for the millions of small businesses that have historically been shut out of formal credit markets.
Eniolorunda made the remarks during a panel session at the launch of the Nigeria Payments System Vision 2028 (PSV 2028), describing the event as a reminder of how far the country’s payments ecosystem has come and how much further it can go with deliberate building.
“I believe the next phase of growth will come from layering services like credit onto existing payment flows, using the visibility and trust already built through financial transactions,” Eniolorunda said.
The Nigeria Payments System Vision 2028 is a CBN-led framework setting out the priorities and direction for the country’s payments infrastructure over the coming years, with financial inclusion, resilience, and innovation among its core pillars.
The panel, moderated by Chief Executive of Sterling Bank Plc, Mr. Abubakar Suleiman, also featured Managing Director/CEO of Nigeria Inter-Bank Settlement System (NIBSS) Plc, Mr. Premier Oiwoh; Managing Director/CEO of Remita Payment Services Limited (RPSL), Mr. Deremi Atanda; and Managing Director/CEO of Shared Agent Network Expansion Facilities (SANEF) Limited, Mrs. Uche Uzoebo, among others.
Speaking on the power of payment infrastructure as a foundation for broader financial services, Eniolorunda argued that the data generated by payment systems, when used responsibly, holds the key to making credit faster and more accessible for underserved businesses.
“One of the most powerful things about payment infrastructure is the data it creates. When used responsibly, it can help unlock quicker and more accessible credit for businesses that have historically been underserved. For many small businesses, access has always been the real barrier,” he said.
Eniolorunda also noted that Central Bank of Nigeria Governor Olayemi Cardoso used the PSV 2028 launch to stress the importance of collaboration and innovation in building a payments ecosystem capable of supporting inclusion and economic growth.
“Achieving the ambitions of PSV 2028 will require regulators, banks, fintechs, and ecosystem players working together with a shared long-term vision,” Eniolorunda emphasized, echoing Governor Cardoso’s warning against the country’s historic “start-stop” policy cycles.
In his address at the launch, CBN Governor, Olayemi Cardoso noted that the new framework builds on Nigeria’s progress in digital payments and seeks to accelerate the country’s transition towards a more inclusive, technology-driven ecosystem as it continues to lead Africa’s digital payments ecosystem.
“Over the past two decades, Nigeria’s payments ecosystem has evolved into one of the most dynamic and innovative in the world. From instant payments and digital adoption to fintech-led innovation, our progress has often set the pace on the continent. While this progress has not always been fully reflected in global narratives, its impact on economic activities, financial inclusion, and system resilience is evident across our economy,” he said.
The CBN governor stressed that financial inclusion must remain central to the country’s economic future, noting that millions of Nigerians are still outside the formal banking system.
“Inclusion and not exclusion must define our future. In 2023, a very large number of Nigerian adults will have access to financial services. Under Vision 2028, I would like to see this reaching 95 per cent inclusion. That means 50 million more market women, farmers, and young people will have a bank account or wallet in their name, with their name and BVN protecting them,” Mr Cardoso said.
Nigeria has grown into one of the most active fintech markets globally over the past decade, driven by mobile money adoption, agent banking expansion, and a wave of venture-backed startups building across the financial services stack. The push to convert payment data into business capital aligns closely with the core pillars of the PSV 2028 roadmap, which emphasizes open banking, infrastructure resilience, and deep economic integration.
Moniepoint, which is Nigeria’s largest distributor of financial services has built its early dominance on payment infrastructure and agent banking for small businesses, and has since expanded into business banking and credit, with over 1 trillion naira disbursed in 2025 to Nigerian MSMEs.
Samsung Electronics has laid off hundreds of employees in its United States consumer electronics business as part of a headquarters relocation from New Jersey to Texas, amid mounting pressure on its mobile and home appliance divisions.
The South Korean technology giant said Samsung Electronics America (SEA) would relocate its headquarters to Texas, a move affecting 739 positions in Englewood Cliffs, New Jersey.
The company said most affected employees had been offered relocation packages, while others were laid off.
In Plano, Texas, about 100 employees, including workers in Samsung’s mobile division, were also dismissed, according to a source familiar with the development.
Samsung said the relocation could lead to workforce changes involving employees unable to relocate and the restructuring of certain functions to align with business priorities.
Documents cited by Reuters indicated that affected employees were informed on June 30 of an enterprise-wide workforce reduction that would have a significant impact on staff.
Several employees also disclosed their departures through posts on LinkedIn, including senior sales and marketing executives based in Texas and New Jersey.
The layoffs come despite Samsung’s semiconductor division recording strong growth driven by rising global demand for artificial intelligence (AI) chips.
The company recently projected a 19-fold increase in second-quarter profit, supported by booming AI-related chip sales, and announced plans to invest hundreds of billions of dollars in expanding chip manufacturing.
However, Samsung’s consumer electronics business continues to struggle with higher semiconductor costs and increasing competition.
Its mobile division is expected to record its first-ever operating loss as it faces stiff competition from Apple, while Chinese brands, including TCL and Hisense, continue to gain market share in the television and home appliance segments.
Industry observers say the contrasting performance highlights Samsung’s growing reliance on its semiconductor business as consumer electronics revenues weaken.
Samsung denied reports of a broader global restructuring, insisting there was no company-wide overhaul of its consumer products division.
According to the company, relocating its U.S. headquarters is intended to improve collaboration and strengthen operations within Texas’ expanding technology and AI ecosystem.
Texas has increasingly attracted major technology companies due to its lower taxes and business-friendly environment, with firms such as Tesla and Oracle also relocating significant operations to the state.
Samsung already operates semiconductor manufacturing facilities in Texas, alongside its mobile operations hub in Plano.
As of the end of 2025, Samsung Electronics employed about 11,770 workers across the United States, including staff in its semiconductor business.
Meanwhile, Samsung SDS America, the company’s IT services affiliate, has also notified authorities that 179 positions could be affected by the relocation of its North American headquarters, although Samsung said the move was unrelated to layoffs or corporate restructuring.
Telecom
NCC Urges African Unity Ahead of ITU 2026 Conference, Calls for Stronger Telecom Collaboration
Nigerian Communications Commission has urged African countries to adopt a unified and technically coordinated position ahead of the 2026 International Telecommunication Union Conference, saying stronger regional collaboration is essential for the continent to influence global telecommunications and digital economy policies.
The Executive Vice-Chairman of the NCC, Dr Aminu Maida, made the call on Monday in Abuja while declaring open the African Telecommunications Union Conference Preparatory Committee meeting.
Maida said Africa must strengthen cooperation to shape global telecommunications and digital economy policies, noting that the two-day meeting was expected to produce greater continental alignment ahead of ITU 2026, establish practical collaboration mechanisms between conferences and sustain Africa’s technical participation in ITU processes.
“Preparation is not a procedural step; it is the place where coherence is built,” he said. “Africa must prepare together, work together and arrive at global forums with solutions that are both coherent and technically compliant.”
He said the committee would review the ATU’s activities between 2023 and 2026 and prepare agenda items, resolutions, decisions and recommendations for the 18th Conference of the Union.
According to him, while the forthcoming ATU conference will determine the direction of the continental body, the ITU conference will shape global telecommunications leadership and priorities.
Maida stressed that Africa’s influence at international forums would depend less on the size of its delegations than on the quality of its preparation, the coherence of its positions and consistency in advancing them.
He identified spectrum management, artificial intelligence governance, data protection, universal access, cybersecurity and digital infrastructure development as priority areas requiring stronger collaboration among African countries.
“No administration can address these challenges effectively in isolation. Our regulatory cooperation must therefore become more continuous, more technical and more institutionalised,” he said.
The NCC boss also called for greater support for African experts to participate actively in technical discussions where international standards and frameworks are developed.
“Our objective in Africa is not to resist global standards. It is to help shape standards that are globally sound and sufficiently informed by African realities,” he added.
He commended the leadership of the African Telecommunications Union for strengthening the coordination of Africa’s positions at the ITU and other international platforms.
Maida reaffirmed Nigeria’s commitment to supporting the ITU process through technical expertise, regulatory experience sharing and peer learning among African administrations.
Earlier, the Permanent Secretary of the Federal Ministry of Communications, Innovation and Digital Economy, Nadungu Gagare, described the meeting as critical to advancing Africa’s digital transformation agenda.
He said the committee’s recommendations would provide the foundation for decisions at the forthcoming ATU Conference of Plenipotentiaries and expressed confidence that the deliberations would strengthen the union’s capacity to promote inclusive and sustainable digital development across the continent.
“As we navigate an era of rapid technological advancement and digital innovation, the importance of collaboration among member states has never been greater,” Gagare said.
Also speaking, the Secretary-General of the ATU, John Omo, said the Conference Preparatory Committee plays a vital role in processing documents and proposals ahead of the main conference to enable member states to adopt common positions.
Omo disclosed that the union’s membership had increased from 49 to 52 countries, while associate membership had risen from 50 to 56, with 18 African academic institutions now participating in its activities.
He said the ATU had recorded progress in broadband development, satellite communications, spectrum coordination, internet governance, rural broadband, standardisation and digital infrastructure resilience.
However, he expressed concern over irregular financial contributions by some member states, warning that predictable funding remained essential for implementing the union’s programmes effectively.
Omo added that the forthcoming conference would elect members of the Administrative Council and a Secretary-General for the 2027–2031 tenure.
He commended the Federal Government, the NCC and the Ministry of Communications, Innovation and Digital Economy for hosting the preparatory meeting, which brought together representatives of African countries, academia, sector members and development partners to discuss the continent’s telecommunications and digital future.
News
NITDA Communications Director Hadiza Umar Named in 2026 PR Power List, Graces Glazia Magazine Cover
Mrs. Hadiza Umar, Director of the Corporate Communications and Media Relations Department at the National Information Technology Development Agency (NITDA), has been officially recognised as one of Nigeria’s top public relations professionals in the prestigious 2026 PR Power List.
The definitive annual list, compiled by GLG Communications in partnership with The Guardian, was unveiled to commemorate World PR Day.
It celebrates 50 outstanding professionals within Nigeria and the diaspora whose strategic communication strategies have significantly shaped organisations, influenced public discourse, and advanced the profession over the past 12 months.
Adding to the momentous milestone, Mrs. Umar was hit with a major surprise at the exclusive PR Power List Soirée and Awards ceremony held at the Alliance Française in Ikoyi, Lagos, where she was unveiled as a front-cover personality for the Glazia Magazine PR Power List Special Issue.
The double recognition highlights her exceptional distinction and impact in public sector communications and narrative management.
Speaking on the dual achievement, Mrs. Umar expressed profound gratitude for the honours, describing the magazine cover appearance as a breathtaking surprise.
“I am deeply humbled and honored to be recognized on the 2026 PR Power List and to feature on the cover of Glazia Magazine alongside other exceptional industry titans,” Umar said.
“This milestone is a testament to the enabling environment and visionary leadership of the Director General of NITDA, Kashifu Inuwa Abdullahi, CCIE, which has allowed us to strategically drive the narrative of Nigeria’s digital economy and technological innovation.”
Mrs. Umar, a highly respected corporate communications strategist, holds professional fellowships in the Nigerian Institute of Public Relations (Chartered), the African Public Relations Association (APRA), and the Institute of Corporate Administration (CICA).
Under her supervisory role, NITDA’s media relations have consistently projected national information technology frameworks, start-up support frameworks, and digital literacy initiatives, to position Nigeria competitively on the global stage.
The 2026 PR Power List selection process involved a rigorous, independent evaluation led by a distinguished international jury.
The organisers noted that the class of 2026 represents professionals raising the standard of strategic communications and introducing new ideas to the industry.
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