General News
Collocation is About Opex Reduction—Hussain

Fazal Hussain is chief executive officer of Helios Towers, pioneer collocation company. He has executed many international telecommunications projects in his over twenty years working experience that saw him work in several countries around the world. He joined Helios Towers from PTCL (Incumbent operator in Pakistan) where he provided solutions to carriers for both passive and active shared infrastructure. Hussain spoke to chike onwuegbuchi and funmi ilesanmi on collocation initiative in the telecom industry.
Infrastructure Deployment
It has been very supportive as far as we are concerned. As you are aware we just raised another $250 million from the IFC, we are very happy with the opportunities in Nigeria and we will continue to provide basic world class services to operators mainly focusing on helping them to reduce their operational expenses (Opex).
Target of Facility
The idea is that the money is for investing in capital, so that we can put more towers on ground, and as we do that it means we are able to provide services to not only the big GSM players but also the Wimax operators.
Cooperation on Infrastructure Sharing
It’s been very good. If you are a service provider, I can come to you and say I can take 70 percent of your Opex out and I am sure you will want to talk to me. We can help you take Opex out and cut the cost so that operators can be more profitable by providing services to more and more customers. Our focus is solely Opex reduction to manage services and we are a world class company providing services to all the operators.
Challenges in Managing Towers
We have invested over $10 million in our network operation centre in Victoria Island. What happens is that we are getting live pictures, live signals and alarms when somebody enters the site even to check the temperature. We get all the information to our network operation centre in Lagos and we then delegate people who are in the field to go and investigate very quickly. We do a lot of preventive and corrective maintenance as well. Our people go to site two or three times a week just to make sure everything is fine. They check if the battery is fine, check the generators, and check everything basically because that is how to provide 99.9 percent uptime.
Encouraging Operators to Collocate
It is very simple, we provide world class service, and we provide 99.9 percent uptime which nobody does in Nigeria. We are the only company that can provide the uptime with what is called plug and play. The operator does not have to do anything, within two days they can switch on their equipment and its up and running. They don’t have to worry about anything; we provide everything, security and all. At the end of the day, we help them reduce Opex and our objective is to help operators reduce Opex by up to 70 percent. We provide world class service at a very good price.
We build our sites to the highest specification and it is designed for multiple tenants. As you know in Nigeria you get public power supply for about 6 hours in a day so 18 hours in a day you don’t have power. So what we do is to provide battery backup then we have a generator and then back up generator. We have personnel on that site with a mobile generator for quick response if there is a problem with the battery and the two generators. This is to ensure that the site does not go down at all.
Today, quality of service is relatively poor but in two years time and with the emergence of new operators, quality of service will be taken seriously as consumer will not tolerate any operator that provides poor quality of service.
Adding Value to Telecom Infrastructure
When we put a tower in an area there is no need to put more towers. One tower can service the GSM, CDMA and the Wimax operators, so they don’t have to spend any capital; they reduce their Opex so they can go spend it somewhere else. Whenever we put up a tower, the operators are very happy to come and use our towers for the simple reason of the assurance that we can provide 99.9 percent fully managed service.
Leasing Fibre to Operators
We are looking into doing what is called back haul. Our objective is to do collocation, managed services and backhaul so that we can put fibre on our towers.
Assessment of Telecom Industry
The telecom industry in Nigeria is still growing. First it was the voice , 2G the GSM and the CDMA obviously that has been growing after the deregulation and probably at the end there will be about 80 to 100 million subscribers because Nigeria is a large country. The second wave of technology which is to provide value added services on top of the voice and the third which is data base services of broadband internet based on 3G and Wimax. I believe as far as telecom sector is concerned the consumers will benefit because it is a competitive market and it is very positive as far as I am concerned
We are the pioneers and as a matter of fact we started the collocation business so the relationship has been very good.
In essence we provide two services at the moment. We build sites for collocation, meaning sites that allows at least four different operators whether GSM, CDMA, WiMax. Secondly, we manage passive infrastructures on behalf of the operators.
We guarantee 99.9% uptime and so far we have more than 1,000 sites nationwide and we plan to increase it to 2,000 fully managed sites.
Operational Model
The market dynamics is very critical but it is peculiar to emerging markets. Average revenue per user (ARPU) is declining rapidly, interconnect rates are very high, transmission cost is also very high and operating expenses is increasing. The subscribers are becoming increasingly demanding and quality of service is now a big issue. The two key aspects of the lean operator model are managed services and infrastructure sharing. Helios Towers provides these services to enable operators to concentrate in managing their customers, brand, sales and not managed infrastructure.
Capacity to Meet Operators Demand
We are very relevant to speedy roll out of telecom and related services in Nigeria, as a matter of fact; we are the heart of the wireless operators.
We do have the capacity and even with the coming of new entrants into the market. We are rolling out as fast as we can. First of all we are rolling out in the major cities and the smaller cities and then the villages. So far, we have spent over $300 million and recently IFC, granted us $250 funding to roll out additional 1,000 sites. This will bring our sites to over 2,000. Finance is not a problem to us as we are well funded to provide efficient services to the operators.
Managed services allows operators to focus on core strength of managing the business and not running the network, adopt a third party strategy and service consolidation to achieve immediate cost reduction by 70%, achieve operational excellence in a market where average site uptime is only 70% ,focus on service quality improvement to achieve business key performance indicator.
Congestion of the Landscape by the Erection of Towers
We are a very responsible corporate citizen of the country, and therefore obtain approvals from the appropriate authorities before building our sites. We have a high specification of our sites and our towers do not fall as they are designed for 25 years. They are not local standard but international standard, so we ensure that we get the approval of the government entities concerned before we build our sites.
More so, financially we have not really face challenges in the sense that we have been able to raise money internationally, we are actually a company registered in Nigeria but investment comes from abroad. The biggest challenge that we are facing is finding good quality sites. If for example you are given the license to operate telecommunication services in Nigeria, and you want to roll out nationwide, you will spend a lot of money in getting a good quality site and besides it will take you sometime to get it.
Effect of Taxes on Bottomline
Whenever you pay taxes, it affects your bottom line. But whatever taxes we pay, operators have to pay if I have five people or four on a tower; I pay only once so I could pass those savings to them, so they don’t have to pay.
Parameter of Your Charges
Our charges are very affordable. It depends on the space that you want to hang your equipment, if you are a GSM or CDMA operator, you will probably take more space, but the cyber café or Wimax operator, radio station, Television station etc take smaller space and pays lesser than the former. So, our charges depend on the space and specifications of your equipment.
Helios Towers in Future
We hope to see Helios Towers in other African countries. Right now, we are still serving Nigeria because Nigeria is a big market but very soon we are looking forward to exporting our skills to other African countries apart from Nigeria. By 2010, we will probably have close to 2000 towers. We have over a thousand right now.
General News
US to Deny Applicants Saying they Fear Persecution @ Home Visas

United States has introduced further restrictions on potential asylum seekers by requiring US visa applicants to confirm they do not fear persecution in their home countries.

Donald Trump administration’s goal is to prevent individuals from using non-immigrant visas as a means to claim asylum once they reach US soil.
According to a diplomatic notice sent to all embassies and consulates this week, applicants for non-immigrant visas, including tourists, students, and temporary workers, must now affirm their safety at home to be eligible for entry.
This move is part of a broader shift in policies designed to tighten US immigration controls.
New screening procedures
Consular officers have been instructed to ask two specific questions during the application process:
“Have you experienced harm or mistreatment in your country of nationality or last habitual residence?”
“Do you fear harm or mistreatment in returning to your country of nationality or permanent residence?”
“Visa applicants must respond verbally with a ‘no’ to both questions for the consular officer to continue with visa issuance.”
The statement notes, “Consular officers must prevent abuse of the immigration system by visa applicants who misrepresent their purpose of travel, including those who attempt to obtain nonimmigrant visas for the purpose of claiming asylum upon arrival in the United States.”
A State Department spokesperson defended the measure, stating: “Consular officers are the first line of defence for US national security.
The department uses all available tools and resources to determine whether each visa applicant qualifies under US law”.
To qualify for asylum under current law, an individual must be physically present in the US and be fleeing persecution based on race, religion, or political affiliation.
However, immigration experts warn that these new requirements may force vulnerable individuals into dangerous situations.
Camille Mackler, an immigration policy consultant, told CNN that the directive “is going to put people in really bad, terrible positions of having to make choices that ultimately affect their and their family’s safety.”
She added: “I also think this pushes people to unsafer pathways and unsafer routes, because if you need to leave, you leave, and you do whatever you need to do to do that.”
The rule follows other recent measures, including increased vetting for student visas and a temporary suspension of immigrant visa processing for 75 countries earlier this year.
General News
Fiona Ahimie, MD First Securities Brokers Elected First Female President of the Chartered Institute of Stockbrokers

The Chartered Institute of Stockbrokers (CIS) has elected Fiona Ahmed Ahimie, Managing Director, First Securities Brokers Limited, a subsidiary of FirstHoldCo Plc., as its 14th President, making her the first woman to be elected President and Chairman of Council in the Institute’s history.

Her emergence is more than a leadership change it is a defining milestone that signals the rising influence of women at the highest levels of Nigeria’s financial services industry and underscores the evolving face of capital market leadership.
With close to two decades of distinguished experience spanning stockbroking, investment banking, private equity, real estate, wealth management and business development, Fiona brings deep market insight, global exposure and a proven track record of delivering growth and market impact.
She began her career at one of Nigeria’s prominent Stockbroking firms, where she built a solid foundation in capital market operations and foreign investor deal flows. She later joined FBN Capital (now FirstCap) as Head of Sales Trading, playing a pivotal role in managing both international and domestic institutional deal flows.
In 2015, she was appointed Managing Director of African Alliance Securities Nigeria, where she drove significant expansion in market share, client base, and cross-border transactions.
Since joining First Securities Brokers Limited in 2016, she has led a remarkable transformational growth, positioning the firm among Nigeria’s top-tier brokerage houses by 2018 through enhanced execution capabilities and increased global investor participation.
Beyond executive management, Fiona has held several board and board committee roles and currently serves on the boards of First Funds (the private equity arm of FirstHoldCo Group), NGX Real Estate Limited (a subsidiary of NGX Group), Japtini Logistics, and Awabaah (a micro- pensions business). She is also a member of the Statutory Audit Committee of the Central Securities Clearing System (CSCS).
An advocate of continuous learning and thought leadership, Fiona has received executive education from MIT Sloan School of Management (USA), IESE Business School (Spain), and INSEAD (France). She is a Doctorate candidate at Afe Babalola University Business School.
Her professional affiliations include being a Chartered Stockbroker, Chartered Accountant, and Chartered Director, she is also an Honorary Member of the Chartered Institute of Bankers of Nigeria, she also serves on the Curriculum Review Committee of Lagos Business School and has been a mentor on the WIMBIZ Women on Boards Programme for four consecutive years.
Beyond corporate leadership, Fiona is deeply committed to philanthropy, supporting multiple institutions and sponsoring the education of young people reflecting her passion for inclusive growth and generational impact.
Her leadership philosophy is guided by enduring principles, excellence in execution, a refusal to settle for mediocrity, and an unwavering commitment to integrity and fairness.
Fiona’s presidency comes at a pivotal time for Nigeria’s capital market, as it navigates increased global integration, regulatory evolution, and rapid digital innovation. As President, she is poised to advance strategic priorities including deepening the market, strengthening professional standards, enhancing investor confidence, and nurturing the next generation of capital market professionals.
Fiona will assume office on April 30, 2026, with her formal investiture scheduled for June 25, 2026, where key stakeholders across Nigeria’s financial ecosystem are expected to gather to mark this historic leadership transition.
General News
Hackers Won’t Stop: NDPC Reports 1,500 Attacks, Warns Organisations

National Data Protection Commission (NDPC) has revealed that it recorded over 1,500 cyberattack attempts within a short period, exposing critical gaps in Nigeria’s data protection ecosystem.
The National Commissioner of NDPC, Dr. Vincent Olatunji, disclosed this in an interview with the News Agency of Nigeria (NAN) on the sidelines of a data protection training programme in Lagos.
Olatunji said the surge in cyberattacks forced the commission to temporarily shut down its network as a security measure to prevent hackers from breaching its systems.
“This temporary shutdown was a preventive move to stop the attackers from succeeding; it underscores how serious the threats have become,” he said.
Olatunji said cyber threats had become persistent and increasingly sophisticated, requiring organisations to adopt proactive and continuous security measures.
“Cyberattacks are no longer occasional; they are constant. Organisations must monitor their systems round the clock and remain up to date with security protocols,” Olatunji said.
He stressed that entities handling personal and sensitive data must implement robust cybersecurity frameworks, regular audits and incident‑response plans to reduce exposure.
The NDPC commissioner highlighted the acute shortage of qualified Data Protection Officers (DPOs) as a major challenge in Nigeria’s data protection landscape.
He said the Nigeria Data Protection Act mandates organisations to appoint DPOs, creating a surge in demand for certified professionals that the current workforce cannot meet.
“There is a significant gap between demand and supply of skilled personnel. This training is designed to prepare participants not just for certification, but to fill that gap effectively,” he said.
Olatunji said Nigeria’s data protection ecosystem had recorded notable growth under a Public‑Private Partnership (PPP) model, generating over 10 million dollars in value.
He also revealed that the framework had generated more than seven billion naira in government revenue through registration fees and fines.
“Beyond revenue, it has strengthened Nigeria’s global reputation and boosted investor confidence in how data is managed and protected,” he said.
On ransomware attacks, Olatunji warned organisations against paying ransoms, stressing that payment emboldened cybercriminals and encouraged further targeting.
“Once you pay, you empower attackers. The focus should be on strengthening systems to prevent breaches, having backup plans, and responding swiftly when incidents occur,” he said.
He urged both public and private institutions to prioritise resilience over quick fixes when dealing with cyber extortion.
Facilitator Dr. Taiwo Oyeleye said the ongoing training programme was designed to equip participants with both theoretical and practical knowledge of data protection and privacy.
“They will gain a clear understanding of data protection principles, organisational frameworks and technical safeguards required to secure sensitive information,” he said.
Oyeleye expressed confidence that participants would help bridge existing awareness and capacity gaps across sectors such as finance, health, telecommunications and government services.
Another facilitator, Mr. Wole Jacobs, advocated for stronger collaboration between the NDPC and the National Information Technology Development Agency (NITDA) to confront emerging cyber threats.
Jacobs said the training would enhance participants’ capacity to protect data, promote awareness and contribute to Nigeria’s digital‑transformation agenda.
He emphasised the need for continuous learning and adherence to global best practices in cybersecurity and data‑privacy standards.
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