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Medallion Wins Best ICT Clearinghouse @ BoICT Awards

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Ikechukwu Nnamani, chief executive officer, Medallion Communications (R) receiving Best ICT Clearinghouse of the Year award from Leo Stan Ekeh, chairman Zinox Group.
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Telecommunications infrastructure servicing company, Medallion Communications Limited has been adjudged the best ICT Clearing House of the Year, at the Beacon of Information and Communications Technology Awards, organized by Communication Week Media, in Lagos on Saturday at Eko Hotel & Suites.

Reacting to the award, Ikechukwu Nnamani, Chief Executive Officer of Medallion Communications Limited, said as a company, it is exciting because receiving the award goes to show the ICT industry recognizes Medallion’s contributions to the industry, which reports says is presently contributing 10 percent to the country’s Gross Domestic Product.

“We are happy for the awards we got at the Beacon of ICT event. It is a testament that the industry has continued to recognize the work we do and the contribution we are making to the industry,” he said on the side-line of the awards night that attracted several industry stakeholders.

Ikechukwu, who was also adjudged the ICT Enterpreneur of the Year, admitted the award is also a call for more effort from Medallion so that the company, touted as Nigeria’s Telecom House will be recognized and win future awards. “The award tells us that people are watching and are appreciative of the effort we have been putting into making the Nigerian telecom industry more vibrant and efficient.

It also shows that hard work has its rewards so we will keep working hard and adding value to the telecom industry in Nigeria,” he assured.

Speaking on the ICT Enterpreneur of the Year award, Ikechukwu noted that Entrepreneurship is not for the fainthearted, stressing that people see the glory when you are successful but don’t see the pain that leads to that success.

He urged young entrepreneurs to put in the extra effort and be positive at all times, despite some unanticipated challenges along the way, saying  at the right time, their projects will be successful.

He also addressed the recent suspension of the interconnect license of Medallion by the telecom regulator based on allegations of involvement on call masking. Engr Nnamani indicated that the issue of the suspension is a most unfortunate one. “The suspension is one that should have never happened in the first place,” he said.

While confirming that the suspension has been lifted by the telecom regulator, Ikechukwu rejected the allegation of call masking, which the reason was given by the regulator for the suspension.

His words: “We totally rejected that, since we knew we were never involved in call masking. It was practically impossible for us to be involved since we do not bring in international traffic into the country and all the calls we terminate on other networks was sent to them as we received it from the originating network.

“It was therefore shocking and strange that the regulator would accuse us of call masking and even went ahead to suspend our interconnect license. However, we believe in the rule of law and the telecom industry in Nigeria operates under the guidelines of the Nigerian Communication Act 2003.

The Act stipulates that when an operator disagrees with any determination made against it by the Regulator, you have the right to appeal and ask for a review of the decision and most importantly, you have the right to demand that you be given written reasons why you were punished and the evidence against you so you can properly respond.

In the event that you do that and there is still no agreement between the Regulator and the operator, the operator has the right to seek redress in the law court. In our case we wrote to the Regulator asking for evidence against us that indicates we were involved in call masking.

No evidence was presented to Medallion indicating we were involved in call masking. I am glad to report that following our appeal of the suspension the Regulator has lifted the suspension against Medallion and we are now able to run our interconnect business.”

He added that he is glad the issue was resolved without Medallion needing to take the Regulator to court, which was to be its next line of action iin the case that the company’s request for review of the decision was not positive in line with the provisions of the Communication Act 2003.

Medallion Communications has the most interconnected peering point in West Africa, with over 83 service providers, including all GSM, LTE, CDMA operators, Fixed Wireless and Fixed line operators connected to its infrastructure.


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E-Business

NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

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Nigeria Data Protection Commission (NDPC) has raised concerns over data sovereignty, national security as well as loss of economic value, as over 90 per cent of Nigeria’s data is hosted abroad.

NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

Pic credit…247digitize.com

Vincent Olatunji, national commissioner/CEO, NDPC, stressed the importance of safeguarding Nigeria’s digital economy through strong data protection and privacy frameworks.

He spoke while while delivering a keynote address at the IoT West Africa Conference, where he stated that the trend poses significant risks to Nigeria’s control over its digital assets.

He further described the situation as precarious for the nation’s sovereignty, and called for urgent investment in local data infrastructure.

Olatunji, highlighted data sovereignty, the growing role of data centres, and regulatory expectations under the Nigeria Data Protection Act, 2023, noting both the benefits of compliance and the risks of non-compliance. Olatunji underscored that data centres are now critical infrastructure for Nigeria’s digital transformation.

While decrying that over 90 percent of the Nigeria’s data is hosted abroad which is precarious for the nation’s sovereignty he encouraged for more investment in the sector as it is projected to reach $1.9 billion by 2031.

Also speaking, Kashifu Inuwa, the director-general of the National Information Technology Development Agency (NITDA), said policy is emerging as the key driver of Nigeria’s digital transformation, particularly in shaping the development of the Lagos-Abuja digital corridor.

“While infrastructure responds to demand, policy creates the enabling environment for sustainable growth,”

Inuwa who was represented by Aristotle Onumo, director, stakeholders management and partnership at the IoT West Africa Conference in Lagos, on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub.”

Inuwa emphasised that while infrastructure responds to demand, policy remains the critical driver that creates an enabling environment for sustainable digital growth.

He explained that Nigeria’s broadband policy, which stipulates minimum speeds of 10 Mbps for rural areas and 25 Mbps for urban centres, provides a strategic framework for prioritising infrastructure deployment along the Lagos-Abuja digital corridor.

He cautioned, however, that without deliberate collaboration and partnership between government, the private sector, and civil society, widespread infrastructure rollout would remain challenging. “Collaboration is the pathway that massifies impact, while partnership harnesses collective intelligence. No one can achieve this in isolation,” he said.

Inuwa also spoke on the Nigerian Sovereign Cloud Project; a flagship initiative aimed at strengthening indigenous cloud service providers and preventing the dominance of Nigeria’s digital infrastructure by foreign hyperscale operators.

By scaling local infrastructure to meet global standards, the project seeks to domesticate data hosting, reduce operational costs, and improve access to cloud services across the country.


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Opay Plans IPO in US, Targets $4Bn in Valuation

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Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO).

Opay Plans IPO in US, Targets $4Bn in Valuation

According to a report by Bloomberg on Friday,  sources said the platform, backed by SoftBank Group Corp., is considering a listing in the United States and is targeting a valuation of about $4 billion.

They added that the company could proceed with the share sale later this year, although the timing and size of the offering are yet to be finalised.

Opay is one of Africa’s fastest-growing fintech firms, offering mobile payments, transfers, and other financial services across Nigeria.

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The fintech company, Citi, Deutsche Bank, and JPMorgan have not publicly commented on the IPO plans.

Like Opay, Flutterwave, a major fintech company in Africa is planning an IPO.

 


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How Nigerians Search is Changing — and Why it Matters for Our Businesses

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By Olumide Balogun

There was a time when using a search engine felt like cracking a code. You typed two or three carefully chosen keywords, hoped the machine understood, and waited to see what came back. People had to learn the language of machines, shrinking complex needs into stilted phrases.

How Nigerians search is changing — and why it matters for our businesses

Olumide Balogun, Director, West and East Africa at Google.

That era is ending. Today, a person can ask a question the same way they would ask a colleague, and the technology is finally learning to respond in kind. Nowhere is this shift more visible than in Nigeria, where a young, mobile-first population expects tools to keep pace with how they actually think and speak.

This change carries weight far beyond convenience. It is reshaping how Nigerian businesses reach customers and how customers find what they need.

For years, marketing online meant wrestling with rigid keyword lists. A small business owner had to guess every possible phrase a customer might type. If you sold ankara dresses, you tried “ankara dress,” “Nigerian print fabric,” “traditional wear Lagos,” and a dozen variations, hoping you covered the gaps. Anything you missed was a missed customer

The new wave of conversational search makes those lists feel ancient. People now ask layered, specific questions: “Where can I find a sustainable tailor in Yaba who makes office wear?” Older systems would have stumbled on a query like that. Newer ones, powered by artificial intelligence, can read intent and stitch ideas together. They connect a question to a relevant local website that a basic keyword search might never have surfaced.

The shift is starting to show up in concrete tools. Google’s AI Max for Search ads, now a year old, is one of the more visible examples. In plain terms, it lets a business describe what it sells and who it serves in everyday language, and the system figures out which searches to match it to, instead of forcing the owner to write hundreds of keywords by hand. Early adopters report stronger revenue growth than peers, and users say results feel more useful because the technology connects ideas for them, often surfacing local sites that would not have appeared before.

There is a quieter benefit too. When advertising becomes more relevant, it stops feeling like an interruption. An ad that answers a real question is no longer noise; it is information. That changes the texture of the internet. The marketplace gets less cluttered, and people spend less time wading through results that do not fit what they were looking for.

None of this is automatic. The technology only works if it can understand human nuance, and human nuance in Nigeria is not the same as human nuance in California. A search for “owambe outfit” or “small chops for fifty people” demands cultural context, not just linguistic translation. Newer features try to bridge that gap. AI Brief, a part of the same Google toolkit, lets a business owner type plain instructions, like “focus on sustainable traditional wear, keep a premium tone,” and the system follows them. This is steering by intent, not by keyword bingo.

There are gains for businesses with deep catalogues too. A retailer with thousands of items no longer has to match every question to the right page by hand. Tools such as Google’s Final URL Expansion read the search and send the customer straight to the page that fits, in real time. In travel, finance, and healthcare, where compliance matters, the same systems can carry mandatory legal text into every ad automatically. Regulated industries can grow without cutting corners.

These are not abstract wins. They are the difference between a small business being found by a customer in Abuja at 9 p.m. and being lost in a sea of generic results, between a hospital reaching the right patient and a tailor in Surulere being discovered by a bride planning her wedding.

We should not pretend the transition is finished. AI is imperfect. It can misread context, amplify mistakes, and require careful oversight. Regulators, businesses, and users all have a role in shaping how it develops in our market. The broader direction, however, is clear, and it is one Nigeria should engage with rather than resist.

Nigeria is a nation of storytellers and traders. Our markets, physical and digital, have always been about conversation. The technology of search is finally beginning to mirror that. It is becoming less of a vending machine and more of a market stall, where you can ask a question, get a real answer, and discover something you did not know you needed.

That is the bigger story behind any single product launch. It is about how a country full of voices is finding new ways to be heard. For Nigerian businesses willing to adapt, the opportunity has never been clearer.


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