News
Harris Stratex Bags Beacon of WiMax Award
Harris Stratex Networks Nigeria has been honoured with the prestigious “Beacon of WiMax” in recognition of her role in the sweeping telecommunications revolution in the country.
The Beacon of WiMax award is highest award in the ICT industry and has been instituted by Nigeria CommunicationsWeek, foremost ICT newspaper and awarded to individuals and companies who have contributed in no small measures to the development of ICT in Nigeria
Harris Stratex Networks was recognized for accelerating the momentum to full-on 4G wireless broadband.
The award was presented to Tadesse Bekele, sales director, Harris Stratex Nigeria in Lagos at impressive ceremony witnessed by top government functionaries, cream of the ICT industry as well as captains of the financial sector.
Gbenga Adebayo, chairman, Association of Licensed Telecom Companies of Nigeria (Alton) and Dr. Emmanuel Ekuwem, president, Association of Telecom Companies of Nigeria (Atcon) and Ken Nwogbo, editor, Nigeria CommunicationsWeek, handed the award to Bekele.
In a brief remark, Nwogbo said that the Harris Stratex Networks Nigeria has kept faith with the burgeoning telecom revolution and that her footprints can be seen in nearly all network service providers in Nigeria.
He singled out the company’s StarMax portfolio of WiMAX Forum Certified wireless broadband access products and said that the solution enables operators to gain market advantage by rapidly delivering broadband residential and business services to areas underserved—or not served at all—by existing telecom infrastructure today.
“ The award is for Harris Stratex but more for her StarMax, which we see as a key part of the company’s comprehensive end-to-end network solution, which also includes wireless backhaul, core network elements and umbrella network management and service assurance.” Nwogbo added
While commenting on the award, Bekele commended the healthy growth in the telecom industry and urged Nigerians to brace up for even profound revolution which he said will be anchored on WiMax.
According to him, the wireless revolution has potentials to “cheetah-pole vault” Nigeria into one of the top economies of the world.
Bekele also spoke about the company’s energy and security solution which dramatically enhances the energy efficiency and physical security of remote telecommunications sites, lowering the overall cost of maintaining site operations.
He said that these solutions include an innovative combination of hybrid power sources (grid and off-grid), intelligent power and cooling management, local and remote access control and other state-of-the-art features, all contained in a single drop-in enclosure that can be deployed for new sites or as an overlay for an existing network.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
E-Financial3 days agoHere Are Nigerian Banks That Have Secured Their Licences
E-Financial3 days agoZenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
Telecom3 days agoMTN CEO Toriola Hails Nigeria’s Telecom Transformation at MIPAD
News3 days agoICPC Charges Ozekhome with Forgery, Corruption Over London Property
E-Financial3 days agoNigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
E-Financial3 days agoHow Crypto Criminals Stole $700m from People – often Using Age-Old Tricks
General News2 days agoCybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy
Telecom3 days agoLebara Launches Agent Registration Portal













