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IXPN Now Regional Internet Exchange for West Africa with African Union’s Support

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L-r) Muhammed Rudman, Chief Executive Officer of Internet Exchange Point of Nigeria (IXPN); Moses Bayingana, Project Manager, African Internet Exchange System Project of the AU Commission and Jacob Dagunduro, Senior Manager Network, IXPN at the unveiling of African Internet Exchange System (AXIS) project of the African Union Commission, at IXPN in Lagos
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The Internet Exchange Point of Nigeria (IXPN) has become a regional internet exchange with the support of the African Union Commission.

In 2016, following a response to a call for proposals issued by the AU Commission, the IXPN was  awarded a grant to be supported to grow to become a regional internet Exchange for West Africa.

With many IXPs in Africa exchanging intra-country traffic locally and intra-regional traffic being exchanged regionally, this will reduce the latency and save costs by eliminating the international transit through overseas carriers.

Through the African Internet Exchange System (AXIS) project of the African Union Commission, Countries in Africa with internet exchange points have increased from 18 to 35.

The AU Commission further provided grants to support selected internet exchange points in the five geographical regions of the African Union to become regional internet exchange points. One of them was the Internet Exchange Point of Nigeria.

Mr. Moses Bayingana, Project Manager, African Internet Exchange System Project of the AU Commission said: “Africa has been paying overseas carriers to exchange intra-continental traffic on our behalf. This is both costly as well as inefficient. With regional IXPs in Africa exchanging intra-regional traffic locally, this will reduce the latency and save costs by eliminating the international transit through overseas carriers.”

“There is growing importance in exchanging traffic among the internet service providers in Africa. This is due to the fact that by connecting to the regional internet exchange point, access to local content in the region improves, since the local traffic remains in the region. This in turn enhances internet use because the end users realize fast and efficient services,” Bayingana added.

On his part, Muhammed Rudman, Chief Executive Officer of IXPN, said that with the new status as the Regional Internet Exchange Point for West Africa, IXPN would seek strategic alliances with other IXPs, regional carriers and service providers towards connected West Africa.

He also said that the AXIS initiative has now positioned IXPN to champion a more regional connectivity drive that will ultimately lead to a One-Connected Africa.

Rudman noted that localising the Internet within the African continent will improve quality of service as traffic will no longer travel abroad as was the case, and enjoined African countries, especially in the West Africa region to embrace this concept of AXIS for a better and improved connectivity for the continent.

“We are excited with the current status of IXPN as a regional IXP for the entire West Africa. This has made us an information hub for the region and will help not only to localize internet traffic within the region, but reduce cost and latency, at the same time unlocking the potentials for digital economy allowing internet related businesses to thrive.” He said.

He added that, in consonance with its new status, it has upgraded its infrastructure to ensure a more resilient operation in the function of connecting other foreign IXPs and ISPs and to accentuate its capacity to handle the requisite traffic.


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FG Unveils AI Public Services Platform

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Federal government has launched GovGuideNigeria, an artificial intelligence (AI)-powered digital platform designed to streamline access to public service information through WhatsApp and the web.

The platform consolidates information from more than 35 federal ministries and over 60 government agencies, marking a significant step in Nigeria’s drive to expand AI-enabled public infrastructure and digital government services.

According to Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, the initiative aims to simplify interactions with government services, particularly for underserved communities that often face challenges navigating complex public-sector systems.

Developed in collaboration with the National Centre for Artificial Intelligence and Robotics, Meta, and Publica AI, GovGuideNigeria uses conversational AI to provide real-time responses via WhatsApp and a web interface in English, Hausa, Igbo and Yoruba.

Sade Dada, head of public policy at Meta, said the multilingual rollout highlights the growing use of natural language processing within African public institutions to improve digital inclusion and broaden access to services.

Ignatius Willie, chief executive of Publica AI, said the platform demonstrates how Africa’s next generation of digital public infrastructure can be developed locally using African languages.

GovGuideNigeria is intended to address longstanding challenges in Nigeria’s public information system, where citizens often struggle to access reliable guidance because of fragmented government websites, poor communication channels and the expense of travelling to physical offices.

Through AI-driven automation, users can obtain information on immigration procedures, documentation requirements, public programmes and agency-specific services through chat-based interactions.

The launch also reflects Nigeria’s broader ambition to integrate AI into digital governance, while strengthening partnerships between government agencies, global technology companies and local AI startups to modernise public service delivery.


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Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

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Elon Musk is poised to become the world’s first trillionaire after  SpaceX, his company, confirmed plans to go public.

Elon Musk to Become First World’s Trillionaire with SpaceX Historic IPO

Elon Musk

Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.

The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.

Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.

SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.

The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.

The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.

Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.

The long-awaited filing also offered investors a rare look into SpaceX’s finances.

The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.

Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.

Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.

Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”

“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.

SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.

The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.

Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.

The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.

Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.

Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.

The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.

Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.


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Moniepoint Boosts UK Payments Security

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African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.

The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.

The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.

Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.

Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”

He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.

Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.

According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.

The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.

Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.


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