Telecom
NCC Chairman Applauds Channel VAS Founder for Company’s Growth

Senator Olabiyi Durojaiye, Nigerian Communications Commission (NCC) Chairman, has congratulated Channel VAS founder and CEO Bassim Haidarfor his company’s achievements, during a meeting at the on-going Africa Com convention in Cape Town, South Africa, where both men delivered important keynote speeches on the opening day of this major event.
Senator Durojaiye commended the continuous growth of Channel VAS and the latest news that another major global investor, South Africa-based Ethos, has chosen Channel VAS to invest $50 million USD in the leading Mobile Financial and data analytics firm. Channel VAS is a market-leading provider of Mobile Financial Services, Big Data Analytics and Airtime Credit Services to mobile subscribers in Africa, the Middle East, Asia, Latin America and Europe, through internationally patented proprietary technology.
“It gives me great pleasure to watch the continuous growth of Channel VAS, a company that has originated out of Nigeria” stated Senator Durojaiye. “Its achievements, including a continuously growing global footprint, patenting of innovative intellectual properties internationally and drawing the interest of large investment groups worldwide, are truly commendable. NCC and myself personally will continue our unwavering support to companies like Channel VAS to grow even more and honor their origins.”
“I would like to thank the Senator for all his support to Channel VAS and Nigerian businesses over the years” stated Mr. Bassim Haidar, Channel VAS founder & CEO. “Channel VAS has been at the forefront of the Fintech revolution through Mobile Finance from its very beginning, so working together with visionary investors such as Ethos will help us continue to expand our already massive geographical footprint at an even faster pace, bringing financial inclusion to more unbanked and underserved people globally through our innovative services.”
Channel VAS is the premium Fintech and data analytics provider, offering Mobile Financial Services, micro and nano cash loans, handset loans and airtime/data loans through big data and proprietary analytics tools. It is currently operating in more than 30 countries globally, working together with over 27 MNOs.
It is currently serving over 650 million people globally and lending more than $5 million USD daily. Channel VAS will continue to expand both its geographical footprint as well as its range of services, adhering to its mission to offer financial inclusion through accessible and affordable mobile financial solutions to the unbanked people and to fast growing young populations underserved by the traditional banking sector, especially in emerging markets.
Channel VAS avowed mission is to provide the best of breed technology and means to improve people’s lives, delivering financial inclusion and affordable loans by utilizing big data, credit analysis and a unique human-centric customer experience. Leveraging the benefits of Fintech, we ensure convenience and accessibility to financial services for everyone. As a social enterprise, our vision is to lead the global economic and social development through financial inclusion for all.
Telecom
Telcos Defend N6.98 USSD Charge despite Failed Transactions

Association of Licensed Telecommunications Operators of Nigeria (ALTON), has defended the N6.98 Unstructured Supplementary Service Data (USSD), fee charged on banking transactions, insisting that the cost reflects the service provided by network operators, regardless of whether the transaction is completed.

Gbenga Adebayo, chairman, ALTON, made the clarification during a radio programme, where he addressed growing consumer complaints over what many Nigerians have described as “unfair billing” and the alleged “scam” of data expiration.
Adebayo likened the role of telecommunications companies in USSD transactions to that of a transport service provider facilitating access to banks’ digital platforms.
He said: “The phone company is like a taxi taking you to the bank’s digital office. Even if the bank’s system is down when you get there, you still have to pay the taxi man.
“Every USSD request initiated by a subscriber utilises network resources, irrespective of the outcome of the transaction on the bank’s end.
“When customers make repeated attempts due to failed transactions, telecom operators still provide connectivity for each attempt, thereby incurring operational costs,” he explained.
On the lingering dispute between telecom operators and banks over failed USSD transactions, Adebayo disclosed, “that regulators, including the Nigerian Communications Commission (NCC), and the Central Bank of Nigeria (CBN), are currently reviewing data to determine responsibility for transaction failures.
“Each time you dial a USSD code, the telco provides the access. If the bank does not complete the transaction, it does not negate the fact that the network has already been used,” he added.
The ALTON Chairman also addressed widespread dissatisfaction over data expiration, clarifying that data bundles are sold within defined validity periods and are not designed for indefinite use.
“You can’t carry it in perpetuity, but you have the benefit of extending it without losing unused portions by just resubscribing,” he said.
He explained that subscribers can retain unused data through rollover options, provided they renew their subscriptions before the expiration of the current bundle.
Adebayo further shed light on the concept of toll-free lines, noting that such services are not entirely free but are funded by the receiving organisation.
“There is nothing like free service. These are reverse charge lines where the business or government pays for the calls,” he explained, adding that economic realities have made many organisations reluctant to sustain such costs.
He noted that this has contributed to the limited availability of toll-free services in Nigeria.
While acknowledging consumer frustrations, Adebayo stressed the need for greater public understanding of how telecom services operate, particularly the cost implications of maintaining network infrastructure.
Telecom
EU Warns Meta Could Face Huge Fine Over Underage Facebook, Instagram Users

European Union (EU) has warned that Meta may be failing to effectively prevent children under the age of 13 from accessing its social media platforms, including Facebook and Instagram.

Meta
The warning followed an investigation conducted under the Digital Services Act (DSA), which found that the company’s age-verification safeguards may be inadequate.
EU regulators said preliminary findings showed that children could easily bypass age restrictions by providing false birth dates during registration.
They also noted that tools for reporting underage users were difficult to locate and use, raising concerns about children’s exposure to inappropriate content and online risks.
EU Executive Vice-President for Tech Sovereignty, Security and Democracy, Henna Virkkunen, said platform rules should go beyond written policies.
“Terms and conditions should not be mere written statements, but rather the basis for concrete action to protect users, including children,” Virkkunen said.
Under Meta’s policies, users must be at least 13 years old to create accounts on its platforms.
However, EU officials said the company’s enforcement mechanisms appeared insufficient and did not adequately address the risks posed to younger users.
If the findings are upheld, Meta could face penalties of up to six per cent of its global annual turnover under the Digital Services Act.
The company, however, rejected the allegations, saying it already operates systems designed to detect and remove underage accounts.
Meta added that it would continue to cooperate with EU regulators on the matter.
The investigation, launched in May 2024, forms part of the EU’s wider push to strengthen oversight of major technology firms and improve online safety for children.
Regulators are also reviewing broader platform design concerns, including features they describe as potentially addictive and harmful to users’ wellbeing.
The EU is considering additional measures, including the possibility of introducing a bloc-wide minimum age restriction for social media use, amid growing pressure for tighter child safety regulations online.
Telecom
Experts Highlight Cybersecurity, Power as Key to Africa’s Digital Economy Growth

Industry experts have identified cybersecurity, reliable power supply, data infrastructure expansion, and interconnectivity as critical factors for unlocking Africa’s digital economy potential.

The experts spoke at the IoT West Africa 2026 Conference and Data Centre Cloud Expo held in Lagos.
In his keynote address, the National Commissioner and Chief Executive Officer of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, said Africa’s rapid digital transformation was being accompanied by growing cybersecurity threats.
Olatunji said cyberattacks now occur globally every 39 seconds, with annual cybercrime losses estimated at 10.5 trillion dollars.
According to him, Nigeria records over 4,000 cyberattacks weekly, accounting for about 45 per cent of incidents across Africa.
He added that financial losses linked to cybercrime in Nigeria exceeded ₦12 billion in 2024.
Olatunji said global data generation had reached approximately 402.89 million terabytes daily and was projected to increase from 181 zettabytes to 221 zettabytes.
“Data is now the new oil, driving everything from IoT to cloud services and digital platforms,” he said.
He noted that Nigeria’s digital economy was currently valued at 18.3 billion dollars and could double within the next five years.
During a fireside chat on “Role of Colocation in Enabling Africa’s Data Centre Transformation: Opportunities and Challenges,” stakeholders highlighted energy supply, affordability, and global-standard infrastructure as essential to sector growth.
Chief Executive Officer of Nxtra by Airtel, Yashnath Issur, said Africa’s data centre market must compete at international standards.
“This market is no longer local; it is a global business requiring global quality, scale and expertise,” he said.
Chief Executive Officer of Rack Centre, Lars Johannisson, described energy as the sector’s biggest growth challenge.
“Data centres are about power, cooling and people. Energy is the machine that will power our growth, and without fixing it, scaling will remain constrained,” he said.
Managing Director of Equinix West Africa, Wole Abu, stressed the importance of interconnectivity within digital infrastructure ecosystems.
“A data centre without interconnection is like a ship, but an interconnected one is a port that enables trade and economic growth,” he said.
Representing African Infrastructure Investment Managers, Akinsehinwa Akin-Taylor said capital remained available, but investors were now placing greater emphasis on bankability, quality assets, and strong operational records.
Also speaking, Ifeanyi Otudoh of MTN called for broader digital inclusion and stronger local capacity building.
“We must put digital capability in the hands of African innovators and ensure secondary cities are not left behind,” he said.
Gary Chomse of Vertiv noted that unstable electricity supply continues to influence data centre infrastructure design across Africa.
At a panel session on digital twins and data centre optimisation, experts said adopting digital twin technology could improve operational efficiency, predictive maintenance, and risk management.
Chief Executive Officer of Kasi Cloud, Johnson Agogbua, said digital twins could improve power optimisation and help operators detect issues before they escalate.
“The biggest headache in Nigeria is power. Digital twins help you understand how power behaves and visualise problems before they occur,” he said.
Morris Nmor of Uptime Institute said the technology could significantly reduce system failures and operational risks.
Experts also noted that digital twins could improve cooling systems, reduce operational costs, strengthen cybersecurity, and enhance energy efficiency.
They agreed that integrating stronger cybersecurity systems, data infrastructure, and emerging technologies would be essential to building Africa’s digital future.
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