News
Main One, N5.6Bn Cable System Gets Nigeria, Ghana Licenses
Main One cable, the over N5.6 billion sub-marine optic fibre cable which will link African nations with their counterparts in the rest of the globe has achieved major breakthroughs after obtaining two important licenses that will fast track its launch in 2010, Nigeria CommunicationsWeek can exclusively report.
The project now has Nigeria and Ghana cable licenses, two countries in West Africa where the cable system spanning over 14,000 kilometers will land.
The development signals the seriousness of Main One to provide the much-needed high capacity for international and Internet connectivity to countries between Portugal and South Africa on the West African coast.
Nigeria CommunicationsWeek gathered that when ready, Nigeria and some other countries from the northern West Coast of Africa to Portugal, will enjoy significant drop in bandwidth prices.
Main One cable, led by Main Street Technologies has also received overwhelming endorsement from local and international investors especially because of the pedigree of promoters of the project.
Elated Funke Opeke, chief executive officer of Main Street Technologies said that Main One footprint is expected in Portugal by late January next year.
Opeke hopes that the first phase of Main One will be up in 2010 and is determined to see the completion of the second phase in 2011.
Ahead of this, Main One had earlier in the year penned down a deal with Tyco – reputed as one of the strongest names in the construction of cable – for a turnkey supply contract for the System.
Main One Cable would encourage local content development via skills transfer of critical networking technologies and job creation with the location of the network operational centre in Nigeria.
The project was inspired by the Connect Africa Conference hosted by the International Telecommunications Union (ITU) in Kigali, Rwanda, in October last year where industry players and leaders discussed the imperatives of connecting Africa to the digital age and creating jobs via the deployment of broadband network solutions and empowering ICT technologies.
Nigeria CommunicationsWeek however gathered that Main One is one of the numerous international fibre projects competing to give the much-needed additional capacity and price competition to South Atlantic-3 (SAT-3), West African Sub-marine Cable (WASC)/ South Africa Far East (SAFE) route (SAT-3/WASC/SAFE), owned by national operators in 15 African countries, and 11 other investors.
Apart from Main One, there is the Glo-1, a 9,500 kilometre state-of-the-art international submarine cable being positioned as the solution to Nigeria and West Africa’s bandwidth requirements.
Globacom, Nigeria’s second national carrier, owners of the cable said that it will be ready in March 2009.
Elsewhere, the Uhurunet project, led by the e-Africa Commission (on behalf of Bahricom Development Company), hopes to be operational by the fourth quarter of 2010.
Yet there is another by Seacom, an undersea fibre-optic cable, which will link southern and eastern Africa with India and Europe; bringing down connectivity costs on the continent.
News
FG Unveils AI Public Services Platform

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

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

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.
News
Moniepoint Boosts UK Payments Security

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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