General News
AnabelMobile is Simply a Smartphone-Okoye
Nicholas Okoye, managing director/chief executive officer, AnabelMobile is a consummate professional. He has experience in the finance and international capital markets and has worked with Merryl Lynch, United States of America. Okoye was also head of Strategy at the Nigerian Stock Exchange and group executive director at Transcorp and acting chief executive at Nitel for a brief period
Why AnabelMobile
There were two major issues that informed this bold step – if you look at the telecoms industry in Nigeria and of course, Africa, you will find out that there are no local players in the devices and handsets space. It is dominated by international brands and I thought there was a need for a Nigerian appeal in that particular niche of the market space. Particular of interest was once I tried to set the date and time of one of my international brand phones but could not find Nigeria on their menu but every country in the world was there. That was very annoying to me that Nigeria was not recognized by any of these brands meanwhile, they dominate in our market place and make a lot of money from Nigeria. So, I felt that the only reason that is happening is because we are not doing it ourselves and rather than going out to preach to our people on the need to design our own phones and manufacture something that is designed for us with our own embedded technologies, music, aspects that refer to us; I decided we could do it ourselves and put everything together, went out and did it! In addition to that, we decided that within the phone space, it has to be Smartphones. Smartphones are otherwise known as pocket PCs. These are phones that are able to act like computers, so they run on computer operating systems – ours run on Windows Mobile. They have central processing units (CPUs) and chips just like any other computer, and you can actually do your work on the move as if it were your office. Our phones have power point – you can programme your presentations and deliver them from the phone. They also have Excel, Word, Notes, as well as e-mail – all the office software products that you need on the PC or a laptop; you have them on your Anabel Smartphone. So, this tells us that is the future of the telecoms industry – Smartphones – and that was what we felt Africans needed to embrace because you find out that there is a lot of talk about bridging the digital divide in Africa, getting African people to understand and use information technology, but it is much more difficult to train somebody in the village who is barely literate, on how to use a computer. It is quite easy to train them on how to use a computerized phone because most of them are already using phones; they understand phones; they make both local and international calls; grandmas make and receive calls in every village right now. If I were to give grandma a Smartphone, it would be easier for me to train her on how to use it as opposed to training her to use a computer. So, I believe that the future is Smartphones and that is why we went into this business.
Windows Operating System as for AnabelMobile
Windows was chosen after a healthy debate and deep scrutiny of all the operating systems that are available to tier-one manufacturers and new manufacturers like us. We chose Windows because it is the best. That is one reason. Another is that it is the most compatible with PCs. So if you actually want your phone and your PC to be synchronized, Windows Mobile gives the best opportunity to do that because 95 percent of PCs in the world run on Windows operating system. If you want to give people an opportunity to synchronize seamlessly with their handheld devices such as Smartphones, Windows would be an ideal product to do that. Having said that, it is the best operating system; it has very interesting and unique applications which customers enjoy – the Outlook connects your e-mails seamlessly with your office, as well as connects your regular e-mails like Yahoomail and Gmail. It also allows you to do active Live Messenger from your phone. It is a very unique operating system which I think we made a good choice on, and it has Microsoft’s support. For us as new manufacturers, to use untested software system might be more of a challenge. So, that informed our choice of Windows operating system.
Cost of the Devices
There is a price range for the four models of AnabelMobile phones. We have an entry model and the more sophisticated model. The entry model would come out at a price point of about N39, 000; and a price point of about N59,000 for the more sophisticated model. Note that these are not written in stone, they might be adjusted in due course. But, we would try as much as possible to push these phones in an affordable way; we are coming at a very competitive price point. For low income earners, there is the Microfinance Bank. You spread the cost of that phone over 12 months and it comes out to less than N3,500 per month. Now most of the folks in the village who are doing business would need a computerized phone to enhance their operations because the phone is not just about making calls. It can do much more. So if somebody in the village needs to have a sophisticated work tool like this for N39,000, then the Microfinance Bank has an opportunity here and we are going to be meeting with them so that they can support these people in the village to have these kinds of tools.
Capturing Nigerian and African Market
In terms of market share, our focus mainly is the customer. We are going to be a disciplined company; we are going to listen to our customers; we are going to ask them what they want and we will endeavour to deliver on their request. Now, we are setting up a special network site called myanabel.com where citizens of the Anabel community – those who have bought our products and those who feel an affiliation with Anabel brand – can join that community and communicate to us what they think, how we can improve, what we can improve on because nobody has monopoly of ideas. Whatever the customers come up with, once it is consistent and spread across the globe, we will implement those ideas and give customers what they want. We believe that when you focus on the customers, the market share is yours for the taking. So, rather than focusing on the market share, we will focus on the customers, and what they would do is vote with their cash; they will vote with their demand and the rest becomes history. Our prospects depend solely on the customer, if the customer is unhappy with our products, then of course, we will move in a different direction. If otherwise, then our prospects are bright. It is all about what the customer wants; the prospects are tied clearly to that customer approach. We are not going to run our company like some others have done – they come up with ideas and force them down the customers’ throat. We want the customers to tell us what they want and then, we would implement them if they are worth it.
AnabelMobile Factories
We intend to actually have a factory in Nigeria in the next 3 – 4years but that would depend to a large extent on the power situation in the country. We are dealing with an international brand and we cannot be manufacturing at a loss when other international brands are doing that cost effectively. In that case, we need to make sure that the conditions for manufacturing these kinds of products are good and the power situation has been taken care of. I expect it should be taken care of in the next 3 – 4years, so we are planning in that direction.
Introducing Affordability Models
We do intend to service different segments of the market. The market segment that we are focused on now is the businesspersons, the professionals and the sophisticated students. Those aspects of the market that require phones that are little more affordable (if you will) – we would be providing phones for them. They may not necessarily be Smartphones but they would be good feature phones, and we would create features that everyone would be excited about. We have people in our research and development unit in the U.S working on such solutions as we speak, and when those solutions are ready, we will be very happy to announce to Nigerians that we have been able to crack coming up with a feature phone, with the best features in the world at the most affordable price. So, we are working on that but I cannot give you the details of that, but I can tell you that it is something that will make the Nigerian populace and customers very excited.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
General News
Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential

Sterling Bank Limited on Monday convened stakeholders in the renewable energy industry to explore strategies for accelerating Nigeria’s transition to clean energy and boosting economic growth.

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of Nigeria; Dr. Jekwu Ozoemene, Group Executive, The Alternative Bank; Mr. Biodun Ogunleye, The Honourable Commissioner, Lagos State Ministry of Energy and Mineral Resources; Mr. Dele Faseemo, Group Executive, Coprporate and Investment Banking, Sterling Bank; Engr. Bem Samuel Anyangeuor, Representative, Honorable Minister of Power and Mr. Oluwaseyi Okunnuga, Group Head, Renewable Energy & Sustainability Finance, Sterling Bank at the just concluded Renewable Energy Colloquium held in Lagos recently.
The colloquium, themed “Beyond the Grid: Unlocking New Frontiers in Renewable Energy”, was held in Lagos and brought together policymakers, financiers, and industry leaders to deliberate on priority areas for action.
In his opening address, Managing Director and Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman, represented by Mr. Dele Faseemo, Group Executive, Corporate and Investment Banking, said the bank would focus on regulation and financing to expand access to energy.
He noted that energy access remained critical to supporting economic growth and achieving Nigeria’s ambition of building a one trillion-dollar economy.
Delivering a keynote address titled “Scaling Electrification in Nigeria: The REA Impact”, Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, represented by Mr. Abba Hayatudden, said Nigeria required about 26 billion dollars to bridge its energy deficit.
Aliyu explained that the energy transition strategy integrates grid, mini-grid and off-grid technologies to achieve universal, reliable and sustainable energy access while aligning with national development and climate goals.
Minister of Power, Mr. Adebayo Adelabu, represented by Engineer Samuel Ayangeaor, commended Sterling Bank for convening the dialogue.
He said renewable energy and rural electrification were central to the Federal Government’s Renewed Hope Agenda.
“The Ministry of Power has continued to expand electricity access to underserved communities to drive economic growth, foster industrial activity and create jobs across the nation,” Adelabu said.
Lagos State Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, highlighted the state’s efforts in renewable energy, including the ongoing two-gigawatt grid-scale solar project.
He described it as the most ambitious energy transformation ever undertaken by the state.
Chief Executive Officer of Sterling One Foundation, Mrs. Olapeju Ibekwe, urged participants to move beyond communiqués and act with intention to deliver meaningful impact.
The colloquium featured panel sessions on financing and scaling green energy solutions in Africa, among other discussions.
General News
Cellulant Taps Freddie Oduro to Lead Enterprise Payments Expansion in Ghana

Cellulant, a leading Pan-African payments company enabling seamless digital transactions across Africa, has appointed Mr. Freddie Oduro as its new Country Manager for Ghana.

Mr. Freddie Oduro, New Country Manager for Ghana.
Freddie’s appointment is a key step in Cellulant’s broader strategy to deepen its presence in priority markets by accelerating the acquisition of in-country enterprise businesses and strengthening its position as the payments partner of choice in Africa.
Freddie brings over a decade of commercial and strategic leadership experience in the telecommunications and financial services sectors, with expertise in sales, business operations, and market expansion.
In his new role, he will drive merchant acquisition, strengthening partnerships, oversee collections and payout operations, while ensuring strong internal controls and regulatory compliance.
He joins Cellulant from Payaza and previously served as Sales Director at Cellulant, where he helped significantly expand the company’s footprint in Ghana.
Cellulant has been powering payments in Ghana for leading brands in sectors like e-commerce, utilities, oil and gas and retail, helping them offer their customers a wide range of secure digital payment options.
“We are happy to welcome Freddie back to the Cellulant family,” says Richard Gesimba, Chief Revenue Officer at Cellulant. “Ghana remains a critical market for us, with immense potential driven by rising digital payments adoption.
“As we sharpen our focus on in-country enterprise customers, Freddie’s leadership and industry insight make him the ideal person to steer our Ghana operations.”
The appointment comes at a transformative time for the company. Following a strategic shift between late 2023 and early 2024, focused on streamlining operations, doubling down on enterprise payments, and strengthening customer intimacy, Cellulant achieved profitability in 2024 and continues to build on this momentum.
The company now processes close to 4.5 million transactions daily for businesses across Africa, reinforcing its position as a fintech leader.
“I am honoured to return to Cellulant and lead the Ghana team at such a defining moment,” says Freddie, Country Manager for Cellulant Ghana. “Ghana presents a tremendous opportunity.
“We will ramp up our efforts to sign on more local merchants, strengthen our compliance and control frameworks, and introduce innovative solutions like Tingg Edupay, our automated school fee management solution that eliminates reconciliation delays by validating payments in real time and instantly updating student accounts.
“We will build on Cellulant’s strong foundation to deliver real value, reliability, and economic impact.”
Ghana’s digital payments sector continues to grow steadily, supported by increased mobile money usage and a progressive regulatory environment. Between January and October 2025, the value of mobile money transactions hit about GH¢ 3.6 trillion, up sharply from GH¢ 2.37 trillion in the same period of 2024.
Registered mobile money accounts now exceed 79 million, demonstrating strong consumer and business confidence in digital financial services and in turn creating many opportunities for payment innovation.
This leadership appointment underscores Cellulant’s commitment to building a resilient, high-performance organisation geared towards playing a pivotal role in the next era of Africa’s digital economy.
Looking ahead to 2026, Cellulant plans to further enhance the user experience on its payment platform, Tingg, and expand its footprint across Ghana.
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