General News
IHS Nigeria Champions a Prosperous Nigeria through Digital Inclusion at NES #31

IHS Nigeria, a leading provider of shared communications infrastructure services, had a prominent presence at the 31st Nigerian Economic Summit (NES #31), reinforcing its position as a key driver of Nigeria’s digital transformation and contributor to the development of the nation’s Digital economy.

Held at the Transcorp Hilton, Abuja, from October 6 to 8, this year’s summit, themed “The Reform Imperative: Building a Prosperous and Inclusive Nigeria by 2030”, convened public and private sector leaders to explore actionable strategies for inclusive economic growth. IHS Nigeria participated as a platinum sponsor and thought leader, driving conversations on digital infrastructure, innovation, and national competitiveness.
National Visibility and High-Level Engagement
A major highlight for IHS came during the opening day when the Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima (GCON) officially declared the summit open. During a tour of the exhibition stands, the Vice president who was received at the IHS booth by Senior executives of the company, commended IHS for her commitment to corporate social responsibility and for her contributions to expanding broadband access and advancing economic inclusion through connectivity.
Plenary Session – “Smart Growth, Digital Leap”
Later that afternoon, IHS hosted a high-profile plenary session themed “Smart Growth, Digital Leap,” moderated by technology leader Nkemdilim Uwaje Begho.
In his keynote address, Mohamad Darwish, Executive Vice President and CEO of IHS Nigeria, stated that “digital infrastructure has become the backbone of national productivity.” He highlighted the company’s commitment to sustainable infrastructure, rural connectivity, and digital skills development, noting that bridging Nigeria’s digital divide requires robust public–private collaboration.
Darwish emphasized the need to reposition digital infrastructure, innovation, and talent as “core inputs for economic growth, not peripheral sectors,” while outlining IHS’s contributions; including over 16,000 towers nationwide and 15,000 kilometers of fiber network that power Nigeria’s connectivity backbone.
Panel Discussion Insights
The panel discussion that followed brought together leading voices in technology, finance, and policy — including Iyinoluwa Aboyeji (Founder, Future Africa), Fernando Barros (CFO, I-Systems Brazil), Nneka Enwereji (CEO, CitiBank Nigeria), and Dr. Bosun Tijani, Honourable Minister of Communications, Innovation and Digital Economy.
Discussions focused on how Nigeria can leverage digital infrastructure and innovation as engines of economic transformation. Panelists agreed that achieving “smart growth” requires bold private-sector investment, a stable regulatory environment, and large-scale talent development.
Dr. Tijani highlighted ongoing government efforts, including broadband expansion, AI research funding, and the 3 Million Technical Talent (3MTT) initiative, emphasizing the need for “policy execution with measurable impact.”
Aboyeji advocated for digital economic zones to serve as innovation testbeds, while Barros urged cross-country learning through data-driven strategies, highlighting case studies from Brazil which Nigeria can learn from. From the finance perspective, Enwereji stressed the importance of predictable policies and transparent governance to attract long-term investment.
The session concluded with consensus that Nigeria’s digital leap depends on three critical enablers namely: infrastructure, investment, and talent, all working together within a clear and innovation-friendly policy framework.
Day 2 – NES31 Design Workshops
On Day 2 of the summit, IHS Nigeria contributed actively to one of the NES31 Design Workshops, which focused on translating discussions into actionable initiatives.
Working groups addressed three priority areas: Value Chain Development, Investment, and Policy and Regulatory Environment, generating practical solutions around traceability, data standards, and inclusive access.
Participants proposed six-month pilot projects emphasizing data integrity, education, and cost efficiency, alongside measurable KPIs to evaluate progress.
The discussions reinforced the role of private-sector innovation in accelerating Nigeria’s digital and economic reform agenda.
Driving Forward
Through its engagement at NES #31, IHS Nigeria strengthened its reputation as a trusted partner in Nigeria’s journey toward a digitally enabled and inclusive economy.
The company reiterated its commitment to expanding broadband infrastructure, supporting national policy reforms, and investing in youth digital skills.
By championing collaboration between public institutions and private innovators, IHS Towers continues to position itself at the center of Nigeria’s digital future; connecting communities, powering industries, and enabling growth.
General News
NIMC Disowns Fake NIN Portal

National Identity Management Commission (NIMC) has warned Nigerians to disregard a viral online flyer claiming that a free portal has been opened for the correction of National Identification Number (NIN) data.

In a statement posted on its official X (formerly Twitter) handle, the commission described the flyer as fake and cautioned the public against using any links associated with it.
“The public is hereby advised not to use the above for modifying their NIN data. All modifications should only be done via the official channel,” NIMC stated, directing users to its authorised self-service portal.
The misleading flyer, which has circulated widely on social media, carries the logos of NIMC and the federal government, falsely claiming that authorities had launched a special correction portal in response to a “high level of complain.”
It lists services such as name, gender, and date of birth corrections, and provides links redirecting users to a suspicious “gvly.xyz” domain—an address the commission says is not affiliated with any government platform.
NIMC noted that the flyer has since been marked “FAKE” in red, indicating it is being recirculated as part of efforts to debunk the misinformation.
The Commission reiterated that all NIN data modifications can only be carried out through its official self-service platform, urging Nigerians to remain vigilant and avoid falling victim to online scams.
General News
Moniepoint Acquires Orda Africa to Transform Africa’s $50Bn Restaurant Sector

Moniepoint Inc. (“Moniepoint” or the “Company”), Africa’s all-in-one financial ecosystem platform for individuals, businesses and their customers, today announced the acquisition of Orda Africa (“Orda”), a leading cloud-based restaurant management platform operating in Nigeria.

Moniepoint
Under the terms of this acquisition, Orda will become part of the Moniebook platform, Moniepoint’s all-in-one Point-of-Sale (POS) and business management platform. Since launching its business management tools product in 2025, Moniebook has rapidly become the go-to platform for thousands of African businesses seeking integrated financial and operational tools, seamlessly unifying payments and bookkeeping in one platform.
With Orda, restaurant owners can now gain access to this proven ecosystem that creates unprecedented opportunities to scale operations, optimize performance, and access credit, as well as the extensive reach of Moniepoint which has powered growth for millions of African businesses.
The acquisition comes as Africa’s food service industry experiences unprecedented growth, with the sector valued at $50 billion and Nigeria’s market alone projected to reach $19.31 billion by 2030, growing at 11.73% annually. With Orda’s restaurant-focused capabilities now part of the Moniepoint ecosystem, the platform is well-positioned to capture this opportunity.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, today Moniepoint has grown into one of Nigeria’s leading distributors of financial services as well as a trusted platform for many of the country’s MSMEs especially in the informal sector.
The company has considerably expanded its offerings to include digital payments, business and personal banking, credit, cross-border payments, and business management tools with a customer base exceeding 20 million active businesses and personal banking customers and processes over US$250 billion in digital payments transaction value annually.
Tosin Eniolorunda, Co-Founder and Group CEO of Moniepoint Inc., said: “The food industry isn’t just about feeding people, it’s a major source of jobs and daily survival for many Africans. It highlights how vital the informal sector is, not just for the economy, but for everyday life across the continent.
Data has shown us that Africa’s restaurant sector is one of the continent’s most dynamic economic engines, yet the majority of food businesses still operate with manual processes and fragmented tools. By bringing Orda into Moniepoint, we are giving restaurant owners what they deserve: one simple platform that handles everything from managing their kitchen to growing their business. Our goal remains to create financial happiness for Africans, giving them the tools to reach their full potential and that’s exactly what we’ve built here.”
Founded in 2020, Orda was built to give Africa’s small and independent restaurants the tools they need to run more efficiently, providing a purpose-built software to businesses that had long operated without it.
Guy Futi, CEO of Orda, reassured existing customers: “Orda has found the perfect home in Moniepoint. We have spent years building deep expertise in restaurant operations, but we have always known that to truly transform the industry, we needed to connect that expertise with comprehensive financial infrastructure.
“That’s exactly what this integration delivers. For our customers, we are assuring a smooth transition with no disruption to the platform and retained access to the support you are used to. What changes is your access to opportunities.
“Over the coming weeks, being part of Moniepoint means you’ll have more tools, more reach, and more ways to grow your business than ever before”
Combining their respective strengths, Moniepoint and Orda deliver a purpose-built solution that empowers food businesses at every scale to manage orders, track inventory, pay suppliers, and access working capital, all in one seamless experience.
This move represents a demonstrated commitment to building a dedicated financial infrastructure designed around the unique complexity of Africa’s food economy.
For the millions of food entrepreneurs across the continent, from the everyday buka owner to the high-end restaurateur, this acquisition means less time managing multiple tools or carrying out arduous manual work and more time doing what they do best – feeding Africa.
General News
Tech Firms Sack over 45,000 so Far in 2026

More than 45,000 jobs have been cut across the global technology sector in the first few months of 2026, according to data from RationalFX, signalling that the industry is still adjusting after a period of aggressive hiring rather than returning to a full growth phase.

“In 2025, automation, artificial intelligence, and sustained cost-discipline measures drove much of the downsizing, with entire departments restructured or eliminated in favour of leaner, AI-assisted workflows. This trend has continued full steam into 2026,” said Alan Cohen, analyst at RationalFX.
According to the report, if the current rate of redundancies is sustained, total layoffs in 2026 could surpass the 245,000 recorded in 2025.
The majority of these layoffs have been concentrated in the United States, with major companies continuing to trim their workforce despite stable core operations.
Amazon has announced approximately 16,000 job cuts this year, while Block has also reduced thousands of roles as it tightens operations and shifts focus towards artificial intelligence.
There are indications that further reductions may follow.
Meta is reportedly considering additional layoffs as it increases investment in AI infrastructure, while PayPal and Klarna are reassessing spending and hiring strategies amid ongoing uncertainty.
Established technology firms are also undergoing restructuring. Dell has reduced its workforce by around 11,000 over the past year as part of a broader reorganisation, while Salesforce has cut approximately 1,000 roles in 2026 while aligning its teams more closely with AI-driven products.
Outside the United States, layoffs have been smaller in scale but more geographically dispersed.
Australia has reported around 2,650 job cuts so far this year, followed by Sweden with roughly 1,923 and Netherlands with about 1,700.
Other markets have also been affected. Israel and India have recorded approximately 1,539 and 1,520 layoffs respectively, with Israel’s startup ecosystem particularly sensitive to tighter funding conditions, while in India, both startups and larger IT firms have reduced headcount as global client spending slows.
In Singapore, around 1,016 layoffs have been reported, reflecting a softer hiring environment across Asia’s major technology hubs, where companies are adopting a more cautious approach amid uneven demand.
Across Europe, job cuts have been comparatively limited but still noticeable.
The United Kingdom has recorded around 1,000 layoffs, while Czech Republic and Germany have seen smaller reductions.
The broader trend suggests that technology companies are shifting towards leaner operations and more defined priorities following years of expansion. Increasing investment in automation and artificial intelligence is also reshaping the types of roles in demand.
For employees, the impact is becoming increasingly visible, with hiring slowing and becoming more selective. While opportunities remain, companies are taking a more measured approach to recruitment compared to the rapid expansion seen in previous years.
Further credit… .storyboard18.com
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