Telecom
Moniepoint Clinches Two IBSi Awards for Leadership in Corporate Banking and Digital Wallet Services

Moniepoint Inc, Africa’s leading fintech platform, has been named a Category Winner in two prestigious categories — Corporate Banking and Digital Wallets — at the IBS Intelligence (IBSi) Digital Banking Awards 2025.

The accolades recognize Moniepoint’s significant impact in advancing financial inclusion and operational efficiency through its innovative digital banking initiatives across the continent.
Moniepoint earned dual recognition with the Corporate Banking award for its end-to-end digital platform empowering SMEs across emerging markets through simplified working capital access and streamlined payment processes, while also being honored in the Digital Wallets category for its scalable wallet infrastructure that enables millions to seamlessly transact, save, and manage finances—both innovations supporting broader financial inclusion and economic empowerment goals.
The IBSi Awards jury highlighted Moniepoint’s achievement in delivering measurable business impact, its ability to scale efficiently, and its pioneering approach to integrating local market needs with cutting-edge financial technology.
The IBSi Digital Banking Awards recognize technology implementations and innovation across digital banking units worldwide. This year, more than 110 submissions from over 30 countries were evaluated.
The IBSi Digital Banking Awards celebrate the most innovative and impactful technology implementation projects in the global banking sector.
This year’s competition recognised outstanding achievements among digital-only banks, neo-challenger banks, and the technology partners driving digital transformation worldwide.
“We are thrilled to be recognised in two highly competitive categories,” said Tosin Eniolorunda, CEO of Moniepoint. “These awards validate our mission to power the dreams of African businesses and individuals by building technology that works for everyday realities.
“Whether it’s helping SMEs grow or enabling simple, fast, and secure transactions for millions, we remain committed to delivering impactful solutions.”
“These recognitions from IBS Intelligence reflect the hard work of our teams and partners, and the deep trust our users place in Moniepoint,” Eniolorunda added.
“We look forward to continuing to innovate and scale inclusive digital financial services that shape the future of banking across Africa.”
Nikhil Gokhale, Director of Research and Digital Properties at IBS intelligence, said, “Over the years, we’ve witnessed a remarkable transformation in the digital banking space — from the rise of nimble neobanks to the digital reinvention of traditional institutions.
“The IBSi Digital Banking Awards honour this evolution by recognising technology-led excellence across the global banking landscape.
“Now in its fifth edition, the awards continue to recognise banks that are redefining the digital banking landscape through bold strategy, customer-centric thinking, driving innovation, inclusion and meaningful impact.”
This award complements and validates Moniepoint market leadership having been listed for three years in a row in the CB Insights annual Fintech 100, a list of the 100 most promising private fintech companies in the world and described as high-momentum companies shaping the future of financial services as well as being ranked by the Financial Times as one of Africa’s fastest-growing companies for two consecutive years.
Moniepoint Inc. powers over 10 million businesses and individuals with access to seamless payments, banking, credit, and business management tools since 2019. As Nigeria’s largest merchant acquirer, it powers most of the country’s Point of Sale (POS) transactions while operating profitably.
Processing over 1 billion transactions monthly, with total payments volume exceeding $22 billion, Moniepoint enables businesses to digitize their operations and thrive in Africa’s rapidly evolving economy.
UK-headquartered IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology (traditional and new-age) research, advisory, and media firm, with a global coverage, and a 360° portfolio of intelligence offerings.
For over 30 years, IBSi’s expert teams have delivered independent, in-depth, actionable insights, with a laser focus on everything Financial Technology, to the global banking, consulting, technology, and institutional investor world.
Telecom
Nigeria to Deploy 50,000 AI-Powered Smart Lampposts in Bold Tech Move

Katsina State Government has entered into a strategic partnership with UK-based green technology company, Conflow Power Group Limited (CPG), for the deployment of 50,000 solar-powered smart streetlights embedded with artificial intelligence (AI) computing capabilities across the state.

The project, described as one of the first of its kind in Africa, is expected to position Katsina as a pioneer in distributed AI infrastructure by integrating street lighting, edge computing, surveillance, and public connectivity into a single platform.
The technology, known as iLamp, is designed as a solar-powered smart streetlight equipped with embedded low-power computing chips capable of handling AI-related tasks. According to Conflow Power Group, when deployed as a network, the connected lampposts can collectively function as a distributed AI data centre, enabling processing power to be spread across thousands of units rather than concentrated in a traditional facility.
Chairman of Conflow Power Group, Mr. Edward Fitzpatrick, said the innovation was developed as a cleaner and more sustainable alternative to conventional data centres, which typically consume significant electricity and water resources.
He explained that each iLamp contains batteries charged through cylindrical solar panels, supplying renewable energy to onboard computing systems powered by energy-efficient AI chips.
“NVIDIA has created chips compact and efficient enough to be powered by as little as 15 watts, making it possible to integrate computing directly into streetlights,” Fitzpatrick was quoted as saying.
He noted that beyond lighting, the smart lampposts can also host AI-enabled cameras and sensors for public safety, traffic monitoring, and urban management applications.
Under the Katsina deployment, the iLamps are expected to feature cameras capable of detecting traffic violations such as speeding, illegal parking, and seatbelt non-compliance. The system may also support public Wi-Fi, Bluetooth connectivity, and digital monitoring services, subject to Nigeria’s regulatory and data protection requirements.
Special Adviser on Power and Energy to Katsina State Governor, Dr. Hafiz Ibrahim Ahmad, described the agreement as a landmark step in the state’s digital transformation agenda.
He said the deployment would not only improve public lighting and safety but also open up new revenue streams for the state through AI computing services and technology-enabled traffic enforcement.
“Today, Katsina becomes home to the only distributed AI data centre of its kind on the African continent. This means safer streets, real-time crime and terrorism prevention, free public internet, and new economic opportunities for our people,” Ahmad said.
According to the agreement, revenue generated from leasing computing power from the iLamp network to AI firms and digital service providers will support investors financing the infrastructure rollout, while Katsina is also expected to earn from traffic-related enforcement systems linked to the platform.
Conflow said an assembly plant for the iLamp units is also being established in Katsina as part of the deal, a move expected to support local job creation, technology transfer, and industrial development. While the units will initially be manufactured in Morocco, Taiwan, and Latvia, local assembly is projected to deepen Nigeria’s participation in emerging AI infrastructure markets.
Industry analysts, however, note that while the technology could support lighter AI workloads and edge computing closer to users, it is unlikely to replace conventional hyperscale data centres needed for advanced AI model training and large-scale cloud operations.
Experts say the iLamp model may instead complement traditional infrastructure by serving as decentralised access nodes, reducing latency for local AI applications and lowering dependence on grid-powered facilities.
The initiative comes amid growing global scrutiny of the energy and environmental footprint of AI systems, with governments and technology firms increasingly exploring sustainable alternatives for powering next-generation digital infrastructure.
With the agreement, Katsina joins a small group of jurisdictions experimenting with unconventional data infrastructure models, potentially positioning Nigeria as an early mover in Africa’s emerging AI and smart city ecosystem.
Telecom
ALTON Rues Vandalism, Others as Critical Infrastructures Suffer Attacks

Association of Licensed Telecoms Operators of Nigeria (ALTON), has decried persistent challenges such as vandalism, high operating costs, and regulatory bottlenecks threatening service delivery despite recent improvements in investment inflows.

Gbenga Adebayo, chairman, ALTON, warned that the continuous attack are putting strains on Nigeria’s telecom sector which serve as the backbone of the country’s economic and digital systems,
Adebayo, speaking in an interview on ARISE News, described telecommunications as the critical foundation supporting all sectors of the economy.
“Telecom operators are the infrastructure of infrastructures that supports all other sectors,” he said, stressing that the industry remains central to power, transport, security, and financial services.
Adebayo noted that the recent 50% tariff adjustment has helped restore investor confidence in the sector after years of underinvestment.
“It has restored confidence in the sector… we are seeing investment, we are seeing now the impact of that investment,” he said, adding that the sector is now beginning to recover gradually.
But, he warned that improvements in service quality remain constrained by multiple external challenges, including vandalism, insecurity, and regulatory bottlenecks.
“Things can be better… but there are also other external factors… vandalism, behavior of public actors, behavior of non-state actors,” he explained.
Adebayo highlighted the scale of infrastructure damage, particularly on fibre networks, noting a major disparity between international and domestic connectivity routes.
“The fiber optic in the Atlantic… has witnessed probably one outage in two years… the one running from Lagos to Kano, we record an average of about 40 cuts a day,” he said.
He explained that such disruptions significantly increase operating costs and affect service quality across the country.
Beyond vandalism, he pointed to theft of telecom equipment such as batteries and generators, as well as security challenges that prevent timely restoration of services in some regions.
“Issue of security… people are stealing batteries, they’re stealing generators,” he said, noting that some areas remain inaccessible during outages until security conditions improve.
Adebayo also called for urgent reforms in right-of-way charges and taxation policies, arguing that telecom infrastructure should be treated as essential national infrastructure.
“Right of way should become free of charge across the country… issue of multiple taxation… it has to be a thing of the past,” he stated.
On rising energy costs, he said operators are gradually adopting hybrid and renewable energy solutions, although the transition is slow and still exposed to vandalism risks.
“We are doing a lot on renewable energy and providing hybrid solution… but that takes time,” he said.
Adebayo concluded that while policy support and investment inflows are improving the outlook of the sector, sustainable progress will depend on stronger protection of telecom infrastructure and coordinated action among government, regulators, and communities to address vandalism, insecurity, and regulatory inefficiencies.
Telecom
Uber Expands Beyond Rides, Launches Hotel Booking With Expedia

Ride-hailing company Uber has introduced a new feature that allows users to book hotel rooms directly through its app, as part of its strategy to evolve into a broader lifestyle and services platform.

Uber announced that the hotel booking service is being launched in partnership with Expedia Group, giving users access to more than 700,000 hotel properties worldwide.
The company said the collaboration is also expected to expand in future to include short-term rental listings from Vrbo.
According to Uber, the hotel booking tool offers features similar to traditional online travel platforms, including destination search, maps, and filters based on pricing, amenities and guest ratings.
Users can also complete bookings using payment information already saved on the app.
Speaking during a presentation in New York City, Uber Chief Executive Officer, Dara Khosrowshahi, said the company was broadening its offerings beyond transportation and food delivery.
“We’re no longer just an app for rides, or even a family of apps for rides and eats. Uber is now an app for everything,” he said.
Chief Executive Officer of Expedia, Ariane Gorin, said the partnership was aimed at simplifying travel planning for users.
“Together, we can reduce the number of steps, save people time and money,” she said.
Uber’s latest move builds on its expansion strategy which began with the launch of Uber Eats in 2014.
Initially focused on food delivery, Uber Eats has since expanded into retail services, allowing customers to order products such as cosmetics, groceries and electronics.
Industry analysts say the development reflects the growing global trend toward “super apps” — digital platforms that combine multiple everyday services within one ecosystem.
This model is already widely adopted in markets such as China, where platforms like WeChat and Alipay integrate messaging, payments, travel bookings and e-commerce services.
Competitors are also broadening their offerings.
For instance, Airbnb has expanded beyond accommodation to include bookable local experiences, wellness services and mobility options.
Uber also disclosed plans to integrate more artificial intelligence-powered tools into its platform.
The company said upcoming features would enable users to plan meals, generate shopping lists and arrange deliveries through conversational prompts, while a voice assistant is also in development to support hands-free navigation within the app.
E-Business2 days agoOpay Plans IPO in US, Targets $4Bn in Valuation
Telecom2 days agoALTON Rues Vandalism, Others as Critical Infrastructures Suffer Attacks
General News2 days agoUS to Deny Applicants Saying they Fear Persecution @ Home Visas
General News2 days agoHackers Won’t Stop: NDPC Reports 1,500 Attacks, Warns Organisations
E-Financial2 days agoMeet Top Five Tech-Driven Banks and Their Overseers
News2 days agoFG Owes World Bank $2.08Bn in 2025 – Report
General News2 days agoExperts to Tackle AI Disruption in Telecoms, Fintech @WATISE 4.0 in Lagos
General News2 days agoFiona Ahimie, MD First Securities Brokers Elected First Female President of the Chartered Institute of Stockbrokers


















