Telecom
Moniepoint Women in Tech initiative turns 5, expands access for 15 interns
As the world marks International Women’s Day (IWD), Moniepoint Inc, leading digital financial services provider and Africa’s fastest growing financial institution, has announced the expansion of its “Women in Tech” program. This year, the program will increase its offerings from 10 to 15 internship roles, furthering its commitment to bridging the gender gap in the technology sector.
This announcement aligns with the 2025 IWD theme, “Accelerate Action,” which calls for urgent action to close the gender gap and promote equality across industries. The program is a vital part of Moniepoint’s ongoing efforts to elevate women in the technology space, particularly in Nigeria, where women remain underrepresented despite the country’s significant gender parity in population. Focusing on the need to Accelerate Action emphasizes the importance of taking swift and decisive steps to achieve gender equality. It calls for increased momentum and urgency in addressing the systemic barriers and biases that women face, both in personal and professional spheres.
The technology sector is essential to driving growth and innovation, but the role of women within it remains limited. Recent statistics from the Nigerian Bureau of Statistics (NBS) reveal that while women make up nearly half of Nigeria’s population, they account for just 25% of the tech workforce, despite representing 22% of STEM graduates annually. These disparities highlight the need for more focused efforts to increase female representation and foster gender inclusion in the tech industry. The Women in Tech initiative aims to address these gaps by providing young women with hands-on experience, mentorship, and the opportunity to work on live projects that will shape the future of digital finance in Africa.
For this year’s edition, Moniepoint’s internship program will expand to include 15 women, increasing the number of roles available to participants. The initiative will provide successful applicants with the chance to join diverse teams, including Cloud Engineering, Backend Engineering, Technical Product Management, Data Engineering, Systems Administration, Technical Support, and User Experience.
Known as the “Dream 15,” these women will engage in a six-month internship, during which they will receive direct mentorship, a salary, work tools, branded merchandise, and the opportunity to be considered for full-time employment based on performance. This expanded program is a testament to Moniepoint’s dedication to offering young women the tools they need to succeed in technology, a field where they are still underrepresented but essential to its evolution.
Chinaza Nduka-Dike, Vice President of People Operations at Moniepoint Inc, expressed her enthusiasm about the program’s expansion, noting, “With the Women in Tech initiative, we are not just inspiring inclusion – we are actively creating sustainable pathways for women to thrive in the tech industry. This is a space where diversity fuels innovation, and through programs like this, we are empowering women to take on leadership roles, develop crucial skills, and shape the future of technology. The progress we’ve seen in past editions, where alumni have gone on to make significant contributions to the company and the wider tech ecosystem, fills us with pride, and we look forward to nurturing even more female talent in the years ahead. This initiative has been instrumental in our mission to power the dreams of millions while transforming the careers of talented women for the past four years. ”
Daniela Uzosike, a systems administrator and member of the third cohort of Moniepoint’s Women in Tech program, shared her excitement about the expanded opportunities for this year’s intake. “The opportunity to work with Moniepoint not only transformed my career but also allowed me to be part of a program that truly values the potential of women in technology. I’m thrilled to see the increase in roles this year, and I’m excited to see more women take part in this initiative, gain the experience they need, and shape the future of tech in Africa,” she said.
The Women in Tech initiative has consistently proven to be a transformative force, not just for individual participants, but for the broader tech community. By creating a space for women to access resources, gain mentorship, and build skills, Moniepoint is helping to close the gender gap in technology, ensuring that women are central to the growth and future of the sector.
The internship is open to women across Africa who are interested in starting a career in technology. Interested applicants can find out more about available roles and apply for the programme via the Women in Tech website, https://womenintech.moniepoint.com
Nigerian Exchange Group (NGX) hosted its annual Made of Africa (MOA) 2025 Awards on Monday, February 4, 2026. The event, held during the NGX year-end celebrations, brought together regulators, listed companies, and market operators such as MTN, BUA, Dangote, Transcorp, to celebrate achievements in compliance, sustainability, and market performance.
In his opening remarks, Dr. Umaru Kwairanga, the Chairman of Nigerian Exchange Limited, said “Excellence in compliance, sustainability, and several other categories recognises the fact that capital market operators and quoted companies must be standards not only in terms of the size of their operations but also adherence to regulations and best practices of corporate social responsibilities.”
He emphasised that the awards serve as a benchmark for excellence. He noted that the 2025 honourees demonstrated significant improvements in branding, customer service, and operational standards despite a challenging economic environment in Nigeria.
Among the evening’s significant winners was MTN Nigeria, which was honoured for its commitment to corporate transparency. The technology giant received the award for Leadership in Sustainability Reporting, emerging as the winner in a category that included Seplat Energy, BUA Cement, and Transnational Corporation of Nigeria PLC.
The award recognised the brand’s adherence to both national and global reporting standards, reflecting its role in advancing environmental, social, and governance (ESG) practices within the Nigerian corporate space.
Tobe Okigbo, Chief Corporate Services & Sustainability Officer, MTN Nigeria, said “This recognition for Leadership in Sustainability Reporting underscores our commitment to transparency and aligning with global best practices.
“As the capital market moves toward greater accountability, MTN Nigeria remains dedicated to demonstrating resilience and faith in the Nigerian economy through comprehensive and standard-compliant reporting.”
The ceremony saw several other major players in the financial sector secure multiple accolades. Chapel Hill Denham emerged as one of the night’s most successful firms, winning in categories including Fund Manager with the Largest Listed Fund Size and Market Operator with the Highest Value of Foreign Portfolio Investment (FPI) Transactions.
Other notable winners included: Cardinal Stone Securities Limited, named Broker of the Year and Equity Trader of the Year, Dangote Cement was awarded Best Issuer in terms of Fixed Income Listings, BUA Cement PLC was recognised as the Most Compliant Listed Company, and Transnational Corporation of Nigeria (Transcorp) PLC received special recognition for Capital Market Excellence in Equity.
Mr. Jude Chiemeka, the Chief Executive Officer of Nigerian Exchange Limited, congratulated the recipients, noting that the market saw a 51% close in the All-Share Index last year, making it the second-best performing market globally. He urged winners and nominees alike to continue striving for excellence to further the aspiration of a $1 trillion Nigerian economy.
Nigeria’s broadband landscape remains anchored by 4G LTE at 52.95% market share in December 2025, with 2G holding steady at 37.37%, while 5G penetration crawls at just 3.77%, per Nigerian Communications Commission (NCC) data.
4G’s dominance stems from urban smartphone migrations and MTN-Airtel infrastructure expansions, fuelling the digital economy, as 2G persists in rural areas due to feature phone reliance and a stubborn device gap.
5G growth stalls from high smartphone costs amid inflation, telco preference for 4G’s quicker returns over capital-heavy 5G rollouts, and limited mainstream apps beyond elite urban streaming in Lagos and Abuja.
Broadband subscriptions topped 112 million, lifting penetration to 51.97%—up from 42.2% in October 2024—crossing the halfway mark for the first time, though monthly gains of 2-3 million slowed mid-year amid population growth and regional disparities.
The NCC’s 70% target stays elusive, highlighting sustained urban-rural demand but underscoring needs for affordable devices, infrastructure, and use cases to accelerate high-speed access nationwide.
Nigeria’s internet subscriber base surged to 148.2 million by December 2025, achieving 68.3% penetration, even amid 50% tariff hikes and naira depreciation, according to Nigerian Communications Commission (NCC) data.
MTN and Airtel dominated with 86% market share, Airtel adding 1 million subscribers in December alone, while Glo and 9mobile lagged as legacy players.
Data consumption exploded 35% to 13.25 million terabytes yearly, but Nigerians spent ₦20.87 billion daily—totalling ₦7.62 trillion ($5.58 billion)—as gigabyte prices doubled from ₦287 to ₦575.
User frustrations mounted from network failures, thousands of fibre cuts due to construction and vandalism between January and August 2025, and poor service quality despite billions in revenue. 4G LTE held 52.95% share as the workhorse, 2G clung to 37.37% in rural areas, and 5G remained a 3.77% urban luxury limited by device costs and base stations.
The NCC’s 70% broadband target fell short at 51.97%, though the ICT sector boosted Q3 GDP by ₦7.47 trillion and restored telco profits post-2024 losses.
In 2026, attention shifts to quality matching rising costs, with users urged to stay powered amid persistent “spinning wheel” woes.
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