Telecom
Flexenclosure Opens Nigerian Office, Flaunts Solutions
Flexenclosure, a specialist developer of intelligent power management systems and modular data centres for the telecom industry, has announced the opening of a new office in Lagos, to serve the rapidly growing West African market, a region where Flexenclosure has made great inroads with both its award-winning power management solution and its energy efficient modular data centre eCentre.
David King, CEO, Flexenclosure said that “West and Central Africa are regions with both high telecom growth and at the same time severe challenges in relation to the availability of electricity from the grid”.
“Consequently, we have identified a great need in this region for both of our main solutions: eCentre and eSite.” King also said.
eCentre is a complete, pre-fabricated, modular solution to house and power data and telecom equipment. Optimised for energy efficiency and low total cost of ownership, eCentre is specifically designed to be fast to deploy and fully future proof.
eSite is a power solution for off-grid and unreliable grid base station sites that cuts diesel-related costs by up to 90 per cent. Powered by renewable energy sources or the grid and a backup genset, eSite can deliver a 90 percent reduction in diesel fuel consumption, CO2 emissions, and energy related OPEX compared to traditional diesel based systems.
Flexenclosure has previously announced an order for 250 units of eSite by Airtel Nigeria to upgrade diesel powered base stations across Nigeria, to make them greener and less expensive to operate. Airtel is the world’s fifth largest mobile operator with operations in 19 countries across Asia and
Africa.
In West Africa Flexenclosure is also delivering eSites to other African countries including Ghana, Sudan, Tanzania and Swaziland.
Flexenclosure’s eCentre solution has also been deployed in operators’ networks in West and Central Africa. The first installation of eCentre was for MTN in Nigeria in 2001, followed by additional installations for MTN in Nigeria, Ghana and Cameroon.
MTN Group is Africa’s leading telecommunications provider, operating in 21 countries across the region. In total, more than 4,200 sqm of eCentre area has been deployed in the region.
“Both the energy efficient eCentre and the cost-saving eSite are specifically designed to operate effectively in environmentally challenging environments and climates, while providing a quick return on investment and the lowest long-term total cost of ownership”, said King.
Africa is Flexenclosure’s most important market. The company already has an office in Nairobi, Kenya, which has grown considerably since it was established in 2010.
Africa is the second biggest and fastest growing telecom market in the world, and also the only region in the world with a growing population off-grid. Mobile operators are struggling to keep control of energy-related costs for running their telecom networks, as well as keeping up with an increasing number of mobile phone users.
They are actively trying to reduce operating costs while at the same time planning to provide better quality services to their subscribers and end customers.
“It is important for us to have a local presence in Nigeria, and direct
contact with our customers. With the new Lagos office we can provide a higher level of service and offer telecom operators the most reliable, energy efficient and cost effective technology in the market”, King added.
Flexenclosure’s new Nigerian office is located in Bourdillon road, Ikoyi, and will be headed by Chioma Viola Opara.
Opara joined Flexenclosure in August last year and is driving sales for Central and West African countries.
Her previous employments include the Pipeline and Products Marketing Company in Nigeria, and the Swedish Trade Council for East, Central and West Africa.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
Concerns over network reliability and its impact on Nigeria’s growing creator economy took centre stage at MTN Nigeria’s Data on Trial event, where content creator and streamer, Jarvis, challenged telecommunications operators to improve connectivity for digital creators.
Speaking during the event, Jarvis asked whether there were locations in Nigeria where uninterrupted internet connectivity could support real-life (IRL) streaming without network disruptions.
“Are there places where there is no breakage when streaming IRL?” she asked.
Her question highlighted the challenges faced by content creators who depend on stable internet services for live streaming, content uploads and real-time engagement with audiences.
Responding, MTN Nigeria’s Chief Technical Officer, Mr Yahaya Ibrahim, said network performance depends on several factors, including location, network coverage, device capability and the number of users connected to a particular base station.
He noted that operators continue to invest in expanding network capacity to meet the growing demand for data services.
Earlier, MTN’s General Manager, Network Performance and Quality Assurance, Mr Michael Ndukwe, explained the evolution of mobile network technology in Nigeria, from first-generation (1G) services to the current fifth-generation (5G) technology.
According to him, each phase of technological advancement has significantly increased network capacity and enabled new digital services.
Ndukwe cited Nigerian Communications Commission (NCC) data showing that Nigerians consumed about 13.2 million terabytes of data in 2025.
He added that data usage reached approximately 4.06 million terabytes in the first quarter of 2026, reflecting the country’s increasing reliance on digital platforms and online services.
According to him, the growth is being driven by wider adoption of 4G and 5G networks, increased smartphone penetration, the proliferation of smart devices and expanding use of social media platforms.
Participants at the event noted that as more Nigerians build businesses and careers around digital content, access to reliable and high-speed internet has become critical to sustaining the country’s digital economy and creator ecosystem.
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