Connect with us

Telecom

Nigerian Startup, NearPays Wins Big @GITEX Africa in Morocco

Published

on

Kindly share this post

Nearpays Technology Limited, a Nigerian startup has emerged best in the Fintech and Blockchain category of the Supernova Challenge at GITEX Africa, Morocco.
Nearpays was awarded a cash prize of 10,000 US Dollars and free all-expenses trip to GITEX Global to be hosted by the Dubai World Trade Center in the United Arab Emirates, in October, 2023.
Nearpays is a full-service financial payment platform that acts as an end-to-end financial service for clients. It has various features to simplify online payments as much as possible, based on the principle that payments should be seamless. It also offers a wide range of services including personal and corporate banking, virtual debit cards, and online banking.
The platform, founded by Victor Daniyan, uses blockchain technology to create a decentralised payment and makes the network more secure and efficient than traditional payment systems.
As a fintech payment company that seeks to promote financial inclusion by making card transactions more accessible and convenient through the use of NFC and scan-to-pay technology. Nearpays is currently making inroads into the Nigerian market aims to expand into other African markets and has plans to launch its services in Europe and the United States in the near future.
Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), commended Nearpays for, yet again, putting Nigeria’s name on the global stage, adding that the victory was a “proud moment for Nigeria and that it was a testament to the hard work and dedication of the company’s founders and team”.
Inuwa also said that the Nigerian government is committed to creating a favorable environment for startups and that it would continue to support the sector.
“The government is committed to creating a conducive environment for the growth of the startup ecosystem. We will continue to provide support to startups through enabling policies, programs, and initiatives”, he added.
He further said that the Nigerian government has made a number of policies in recent years, particularly the National Digital Economy Policy and Strategy (NDEPS) that provides a favorable environment for digital innovation and entrepreneurship to thrive.
In addition, the Nigerian government equally enacted the Nigeria Startup Act (NSA) to provide an enabling environment for the establishment, development and operation of startups in Nigeria.
“The government’s policies have helped to attract investments in the Nigerian digital economy sector and have led to the growth of a number of thriving startups, such as Nearpays. The government’s continued support for the sector is helping Nigeria to become a leading hub for talent and innovation in the world.”
“The success of Nearpays is a testament to the potential of the Nigerian startup ecosystem. The country has a large and growing population of young and tech-savvy entrepreneurs. With the support of the government, these entrepreneurs are poised to make a significant impact on the global economy,” he added.
Victor Daniyan, the CEO and Co-founder of Nearspays, while appreciating the honour, said that the award is a “significant milestone” for the company and that it would “help us to further accelerate our growth and expansion plans.”
He also said that it was “an honour to represent Nigeria at the global stage” and that they are “committed to using technology to solve some of the most pressing challenges facing Africa.”
Nearpays’s victory at GITEX Africa Morocco is a sign of many things to come for the Nigerian startup ecosystem, especially now that the Nigeria Startup Act is in the implementation stage. The country has a large and growing population of young and tech-savvy entrepreneurs. With the support of the government, these entrepreneurs are poised to make a significant impact on the global economy.
Sixty-seven (67) Nigerian startups participated at inaugural edition of GITEX Africa, which reaffirmed the country’s burgeoning tech ecosystem, and provided a platform for them to exhibit their cutting-edge ideas, gain invaluable exposure from the global tech community, and attract potential investments that will catalyze Nigeria’s digital economy.
As Nigerian startups continue to shine on the global stage, they are reshaping the narrative around Africa’s tech potential. With their innovative ideas, entrepreneurial drive, and the support of the government and international investors, Nigerian startups are poised to drive a transformative change, positioning the country at the forefront of technological innovation in Africa and beyond.

Kindly share this post

Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Telecom

New Investment Fund Targets Acceleration of Emerging Technology in Nigeria

Published

on

Kindly share this post

The International Rescue Committee (IRC) has announced the formation of Airbel Ventures, a new humanitarian impact investing fund aimed at accelerating the introduction and scaling of breakthrough technologies in crisis-affected communities.

The fund will invest in companies whose ideas have the potential to change humanitarian response, including digital infrastructure for frontline health systems and climate-resilient agriculture.

The launch of Airbel Ventures follows a period of rapid innovation at the IRC, despite the humanitarian sector facing record funding cuts.

In the past year, the IRC’s Airbel Impact Lab has advanced more than twenty Artificial Intelligence (AI) and technology initiatives—from anticipatory action tools powered by climate and vulnerability data, to frontline service delivery using safe, orchestrated AI systems, to breakthrough diagnostic tools for emerging diseases.

Airbel Ventures’ first impact investment is in Signalytic, a company delivering solar-powered computing devices that ensure reliable electricity and connectivity for remote health facilities.

Following the investment, the IRC will pilot Signalytic’s technology with its Nigeria Health team, demonstrating the viability of next-generation digital infrastructure in humanitarian settings.

“We know breakthrough solutions already exist—what’s missing is the path to scale in humanitarian contexts,” said Dr. Jeannie Annan, Senior Vice President for Research & Innovation at the IRC and head of the Airbel Impact Lab.

 


Kindly share this post
Continue Reading

Telecom

MTN Nigeria Suffers 9,218 Fibre Cuts in 2025 as Vandalism, Theft Cripple Network

Published

on

Kindly share this post

MTN Nigeria, the country’s largest telecommunications operator, recorded a historic surge in network disruptions in 2025, suffering 9,218 fibre cuts as of December 31, alongside 211 base station sites affected by theft and vandalism, incidents that disrupted mobile and data services relied upon daily by millions of Nigerians.

MTN Nigeria Suffers 9,218 Fibre Cuts in 2025 as Vandalism, Theft Cripple Network

The data was revealed by Dr Karl Toriola, chief executive officer/managing director, MTN Nigeria via a social media post titled ‘MTN Nigeria 2025 Wrapped’.

The scale of the damage highlights the growing vulnerability of Nigeria’s telecommunications infrastructure, which has come under increasing pressure from road construction activities, cable theft and deliberate acts of vandalism.

MTN said 5,478 fibre cuts occurred within just the first seven months of 2025, with 760 incidents recorded in July alone, underscoring the intensity of the challenge.

Some of the incidents had wide-ranging consequences, knocking out connectivity across multiple states simultaneously and affecting voice calls, data services, digital payments and enterprise operations.

The company described the situation as a national infrastructure problem, rather than an isolated corporate issue, given the economy’s deep dependence on mobile networks.

“These gaps were shaped by real operational challenges such as fibre cuts, theft, and vandalism. Their impact is felt directly by customers and reflected in what they tell us,” Toriola,

The disruptions were reflected in customer feedback volumes, as MTN handled an unprecedented number of complaints during the year. The operator said it resolved 1,624,263 customer complaints in 2025, spanning call centres, social media platforms, emails and physical service centres nationwide.

Despite the setbacks, MTN pointed to signs of operational resilience. The company retained its ranking as Nigeria’s best network by Ookla, returned to profitability after a challenging period, declared an interim dividend, and expanded its subscriber base to over 85 million users by September 2025.

The figures show that while Nigeria’s telecom operators continue to invest heavily in network expansion and customer service, infrastructure sabotage remains a major drag on service quality and operating costs.

MTN acknowledged that performance improvements remain a work in progress. “We are not where we want to be yet. We see you. We hear you. We exist because of you. And we will get better,” Toriola said.

As the company enters its 25th year of operations in Nigeria, Toriola said MTN is doubling down on customer-centricity, treating every piece of feedback as a guide for improvement, while also stepping up engagement with government agencies.

The CEO renewed calls for stronger regulatory and legal protections for telecommunications infrastructure, urging policymakers to classify fibre cables, base stations and other critical assets as national infrastructure and criminalise vandalism to deter repeat attacks.


Kindly share this post
Continue Reading

Telecom

NCC Licences Six New ISPs to Challenge Telcos, Satellite Giants

Published

on

Kindly share this post

Nigerian Communications Commission (NCC) has granted operating licences to six new Internet Service Providers (ISPs), effective January 1, 2026, raising the total number of authorised ISPs in the country to 231 from 225 recorded in December 2025.

NCC Licences Six New ISPs to Challenge Telcos, Satellite Giants

NCC

The newly licensed firms are Intellvision Technologies Limited, Granet Technologies Limited, Fiber Sonic Limited, Dasol Solution Services Ltd, Boost ISP Limited, and Amazon Kuiper Nigeria Limited.

Five of these companies are headquartered in Lagos, while Granet Technologies Limited operates from Owerri in Imo State, highlighting the persistent concentration of broadband infrastructure in major commercial hubs like Lagos, Abuja, and Port Harcourt.

This development intensifies competition in Nigeria’s broadband market, which faces pressure from dominant mobile network operators such as MTN and Airtel, alongside rapid expansion by satellite providers like Starlink.

Traditional ISPs continue to grapple with shrinking customer bases, aggressive data pricing from telcos, and satellite disruptions, even as NCC data from Q2 2025 showed Spectranet, Starlink, and FibreOne controlling about 65 per cent of the 313,713 active ISP subscribers.

The inclusion of Amazon Kuiper Nigeria Limited marks a significant entry of global satellite broadband competition, building on Nigeria’s recent approvals for other low Earth orbit providers to enhance connectivity in underserved areas.

Industry analysts view the licences as a strategic push to improve internet quality amid rising demand for digital services, though geographic clustering underscores ongoing infrastructure challenges outside urban centres.

NCC’s move aligns with broader efforts to foster a competitive telecoms sector critical to Nigeria’s digital economy ambitions.


Kindly share this post
Continue Reading

Trending