Telecom
I Am Buying a Lot of IHS Towers Stock in 2024 – Iyinoluwa Aboyeji

Iyinoluwa Aboyeji (@iaboyeji), an entrepreneur in the public interest and founding partner at Future Africa, has provoked conversation on X (formerly Twitter).
His eye-opening tweet ‘I am buying a lot of IHS stock in 2024’ has got X users talking about one of the largest telecommunications infrastructure providers in Africa, Latin America and the Middle East by tower count and the fourth largest independent multinational tower company globally.
Iyi, as he is popularly called among the Tech BROs and SISs, tweeted with his verified X handle:
“I am buying a lot of IHS stock in 2024. That company is going to be the infrastructure backbone of Nigeria’s digital Revolution. I just need them to list on NGX so I can buy more in Naira”.
https://twitter.com/iaboyeji/status/1738197940215165228
Iyinoluwa Samuel Aboyeji is a Nigerian entrepreneur. He co-founded Andela, and Flutterwave. These are globally renowned startups.
Aboyeji was cited as one of the Top 100 most influential Africans by New African magazine in 2019. He has eyes for investments hence his tweet about buying IHS Towers stock in 2024 sparked conversations:
Talking about IHS, the group has nearly 40,000 towers across its 11 markets, including Brazil, Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru, Rwanda, South Africa and Zambia.
The company began operations in the Nigeria telecommunications space in 2001, and remains the group’s largest market today.
The company started as a provider of site build services for mobile network operators in Nigeria, but has gone on to develop deep expertise in all aspects of telecom towers.
Today, IHS and its subsidiaries in Nigeria manage over 16,700 sites. The company operates from its head office in Lagos but have regional offices in Abuja, Ibadan, Enugu, Asaba, Kano and Port Harcourt; and controls estimated 65% tower market share in Nigeria, as at December 2020.
IHS Towers delivers innovative solutions to its customers, including making use of Greenfield and rooftop sites, and developing rural telephony projects to connect the most remote communities in Nigeria.
It provides colocation for Telcos and managed services which helps to drive broadband penetration in the country.
Aside that, IHS runs fibre optic infrastructure connected to Data centers as it operates two datacenters – in Lagos and Abuja – enabling the company to support the Network Operating Centers with a high-quality IT infrastructure, robust security and a reliable network.
IHS’ footprint and commitment to the development of science, technology, innovation, digital skills and entrepreneurship also include a one-year partnership with Limitless Space Institute (LSI), a non-profit education and research organisation.
The programme, which will commence in January 2024, is designed to help broaden access to space education in the company’s two largest markets, including Nigeria.
Through this collaboration, 20 science, technology, engineering, and mathematics (STEM) educators from Brazil and Nigeria will be invited to join the 12-month Limitless Global Educator Program and access a carefully curated space education curriculum delivered by experts from LSI.
Also IHS Nigeria and the Kwara State Government have also signed a Memorandum of Understanding (MoU) to establish technology innovation hub to stimulate and deepen the alignment of technology, innovation, entrepreneurship, investment, and job creation for young people aged 18 to 35 years old.
Under this partnership for the establishment of Ilorin Innovation Hub, IHS Nigeria will provide financial and technical support to complete the build of the Ilorin Innovation Hub, in addition to operating and managing it for the Kwara State Government. IHS Nigeria will also deliver various training programmes including on digital skills enhancement, and accelerator programmes for start-ups at the Hub.
Telecom
MTN Nigeria Rewards 1,500+ Winners with ₦290m in Mega Billion Promo

Telecoms giant, MTN Nigeria, has announced the disbursement of over ₦290 million to more than 1,500 winners in its ongoing Mega Billion Promo.

L-R: Deji Roberts, Assistant Director, Nigerian Communications Commission, Lagos Zonal Office; Ugonwa Nwoye, Chief Customer Relations and Experience Officer, MTN Nigeria; Femi Yusuf, 10 Million MTN Mega Billion Promo Jackpot Winner; Efe Kwado, MTN Mega Billion Promo Winner; Onyinye Ikenna-Emeka, Chief Marketing Officer, MTN Nigeria and Samuel Rowland, Chief Operations Officer, Lagos State Lotteries and Gaming Authority at the MTN Mega Billion Promo Media Parley held on Saturday, July 19, 2025 at the MTN Rooftop Events Centre Plaza, Ikoyi.
The update was shared during a live event held on July 19 at the company’s Rooftop Events Centre in Lagos. Representatives from the Nigerian Communications Commission (NCC), the Lagos State Lotteries and Gaming Authority, MTN executives, journalists and selected promo winners were in attendance.
Speaking at the event, Onyinye Ikenna-Emeka, MTN’s Chief Marketing Officer, stated that the initiative was launched to support loyal customers during difficult times. “In the last couple of years, it’s been a tough time for the average Nigerian. This promo is one of our ways of making life better for our customers,” she said.
Ikenna-Emeka revealed that the promo has produced over 1,500 winners, including three jackpot winners, 20 winners of ₦5 million each, and more than 100 winners of ₦100,000. She added that the company remains committed to rewarding customers transparently.
One of the jackpot winners, Femi Yusuf, who won ₦10 million, shared his excitement. “I thought it was one of those promos where nothing comes out of it. My wife was the one who spotted my number during the live draw,” he said. When asked about the delivery of his prize, he replied, “Fast and fast. MTN, no scam.”
The event also featured live calls to new winners, including a woman identified as Motunrayo, who won ₦2 million. She expressed joy over the unexpected win, saying, “I’m so grateful. Thanks so much.”
Debo Agun, Senior Manager, Consumer Segment (Mass Market), explained the mechanics of the promo. He said participation is free and open to MTN subscribers who dial *900# to opt in. Airtime purchases serve as entries—₦100 worth of airtime equals one entry, and customers can win multiple times.
Agun stated that 63 winners are selected daily from Monday to Friday, while Saturdays feature 104 winners, including a ₦10 million jackpot. Other prizes range from ₦25,000 to ₦2 million and are paid into customers’ MoMo wallets. Those without wallets can create one by dialing *671#.
Promo draws are conducted and streamed live on MTN’s Instagram, YouTube, and Facebook channels. Independent partners oversee the process to maintain credibility and fairness.
The promo began on June 23 and runs for 90 days.
Telecom
MENXTT Tech NG Debuts USA-Spec Devices and Redefines IT Retail in Nigeria

MENXTT Technology NG has introduced a fresh lineup of USA-specification smartphones alongside its existing range of laptops, accessories, and software tools in a major move to redefine tech quality and customer satisfaction in Nigeria.
The firm, which operates as a fully online IT service provider, is focused on bridging the gap between businesses and customers by offering seamless tech procurement, deployment, and after-sales support.
According to Anthony Emeka Nwosu, Director of Communication and Customer Retention, the company is committed to restoring consumer trust in tech purchases through guaranteed quality, extended warranties, and structured support.
Nwosu stated that the decision to supply USA-grade devices was borne out of frustration with substandard options in the market and zero accountability.
He said MENXTT was built to be responsive, dependable, and quality-driven, assuring customers that they would not be left alone after purchase.
With services covering laptops, accessories, website development, software deployment, and IT support, MENXTT promises to take technology directly to the client with less stress.
The company, located at 8a Oje Imeviani Street, Julie Estate, Oregun, Ikeja, Lagos, is also noted for its tech-enabled structure that allows users to access solutions from anywhere in Nigeria through its online platform.
Customers can reach MENXTT Technology NG via email: info@menxtt.com.ng or website: menxtt.ng.
Telecom
MTN, MTV Base Launch “Room of Safety” Series to Promote Online Child Safety

Telecoms giant MTN Group has partnered with MTV Base to launch the Room of Safety campaign, a youth-led movement aimed at raising awareness on internet safety and digital wellbeing for children and young people across Africa.
The initiative, a major part of MTN’s Help Children Be Children campaign, seeks to address growing concerns around cyberbullying, grooming, misinformation, and other forms of online harm. Through this collaboration, MTN will leverage MTV Base’s extensive reach across youth audiences to drive impactful change.
Central to the campaign is the premiere of a 10-part short-form docu-series titled Room of Safety, which kicks off on July 20, 2025, at 16:00 on MTV Base (DStv channel 322). Episodes will also stream on MTV Base South’s digital platforms including Instagram, YouTube, and TikTok.
Each episode will feature real-life stories, expert interviews, and practical resources to help young viewers identify digital threats and take proactive steps. The series also encourages youth to speak up about negative experiences online and shows them how to report abuse.
A statement from MTN Group emphasized the importance of equipping young Africans with the knowledge and confidence to navigate digital spaces safely, adding that the campaign aims to normalize conversations around digital ethics and mental health within families, schools and peer groups.
The launch is backed by social media engagement and outreach activities targeted at schools, creators, and community organizations across multiple African countries.
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