Telecom
Nokia Networks Aligns Vision with Nigeria National Broadband Plan
Nokia Networks (NNs) at its telecom conference titled, ‘Connect Nigeria: Exploring ICT Potential for Growth’, declared its readiness to enable Nigeria’s broadband strategy become reality.
NNs explored the road for connected Nigeria in line with the government’s ambitious National Broadband Plan (NBP) 2013-2018.
The plan aims to increase broadband penetration from 6% in 2013 to 30% by 2018.
It also aims to cover 80% of the population with 3G and LTE services and offer a minimum download speed of 1.5 Mbps.
About 150 industry experts representing Nokia Networks, operators, government, and IT companies participated in the conference.
According to a recent GSMA report, Nigeria is a fast growing economy and the largest one in Africa, but has low mobile broadband penetration.
However, due to various factors including high access rates of over 50% of the population (those who use a mobile despite not owning one), data consumption growth, a rise in digital entrepreneurship, and a large youthful population, Nigeria presents a growing opportunity for investment and innovation in telecom networks.
At the Conference, Dr. Eugene Juwah, executive vice chairman, Nigerian Communications Commission (NCC), “The Nokia Networks conference has brought out excellent insights from various telecom industry players on how to achieve further mobile broadband penetration in Nigeria in line with our ambitious NBP.
“The government is committed to enabling the operators to take the quality and coverage of mobile broadband services to a new level for the benefit of greater socio-economic development. We are confident that Nokia Networks’ commitments and advanced 2G, 3G and 4G mobile broadband technologies will significantly contribute in providing high quality mobile broadband services in our country on a par with leading services around the world.”
Also speaking, Bernard Najm, vice president and head of Middle East and Africa, Nokia Networks, said that Nigeria is a priority country in the Africa region for Nokia Networks.
Najm said, “Mobile broadband infrastructure in Nigeria needs to be strengthened to significantly improve network coverage and speed across the country including mid-size cities and rural areas. To help achieve National Broadband Plan’s objectives and drive the country’s socio-economic development, we are committed to providing operators here with our advanced 2G, 3G and 4G technologies, and global expertise in services to build and run the networks cost efficiently.”
In addition to its office in Abuja, the company opened its second modern office in Lagos in 2014 to enhance its operational agility for delivery of its mobile broadband infrastructure for all operators in the country.
In his contribution, David Gaul, head of Central East & West Africa (CEWA), said that Nokia Networks is the world’s specialist in mobile broadband with more than 200 3G radio customers serving over 1 bn 3G users worldwide.
He added that, the company is a global leader in LTE with 162 LTE customers by the end of 2014 and holds the world record in TDD-FDD carrier aggregation with 4.1Gbps.
“The company’s leadership in LTE has been recognized by Gartner which positioned the company in the ‘Leaders’ quadrant of the analyst’s Magic Quadrant for LTE in Q4, 2014. Nokia Networks’2020 vision predicts consumption of 1GB of personalized data per user per day.
“The company’s advanced, scalable radio technologies coupled with professional services aim to help operators in countries with low Average Revenue Per User (ARPUs) meet the ever growing network demands in a profitable way.
According to him, Nokia has since incorporated Nigeria in its strategy anchored on developing its businesses in order to realize its vision of being a technology leader in a connected world and, in turn, create long-term shareholder value.
He said Nokia works towards a ‘programmable’ world. “Today, most humans in the world are connected. By 2020, we think the number will reach 5 billion. This means we are entering a new phase, connecting things as well as people; this is a rapid shift to what we call the Programmable World. By 2025, we could have 50 billion things connected through devices, modules and sensors. That might even prove to be a conservative estimate.
“But the programmable world is about more than connectivity it is the interaction of sensors, people and ‘things’ and, in this context, a ‘nuclear power station’ could be a ‘thing’. The possibilities are endless and software will be the glue that brings both meaning and value to the Programmable World.
But there are also some challenges and conflicts to address: Explosion of technology choices; Alienating, increasing complexity of tech; Needy tech and Dependence on data and privacy, post Snowden world.
Also, Dr. Sam Nwosu, country director, Nokia Networks said that the Nigeria must address infrastructural challenges and remove other administrative bottlenecks militating against the network operators.
“Through Nokia Networks, Nokia invests in the innovative products and services needed by telecoms operators to manage the increase in wireless data traffic which is more than doubling every year.
“Future investment will focus on further building on our strong position in mobile broadband and related services, and strengthening our leadership position in next-generation network technologies. Our global experts invent the new capabilities our customers need in their networks. We provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services to make it all work seamlessly.
“At the same time, we encourage the enhancement of infrastructural development in the country to augment telecom operators’ investments,” he said.
Nokia invests in technologies important in a world where billions of devices are connected.
It’s focused on three businesses: network infrastructure software, hardware and services, which offered through Nokia Networks; location intelligence, which it provides through HERE; and advanced technology development and licensing, which it pursues through Nokia Technologies.
Meanwhile, Nokia divested its handset business to Microsoft in early 2014. The new Nokia now focuses on three strong business divisions – Nokia Networks, HERE, and Nokia Technologies.
Nokia Networks (which was formerly known as Nokia Solutions and Networks or NSN) is the largest business (90%) in the new Nokia, with this division contributing to 90% of its overall business in the company.
Airtel Africa Foundation, the philanthropic arm of Airtel Africa plc, yesterday unveiled its plans to directly improve the lives of 10 million people across the continent by 2030. The strategy will be delivered through targeted initiatives under four core pillars namely Financial Empowerment, Education, Environmental Protection and Digital Inclusion (FEED).
Outlining the ambitious target, Dr. Segun Ogunsanya, Chairman of the Airtel Africa Foundation, stated, “Our 2030 vision is a transformed Africa where over 10 million lives are directly improved through our interventions. We are not just donating resources, we are building a pipeline of talent and fostering innovation to ensure the global digital revolution leaves no African behind. This is a strategic, measurable commitment to unlocking the continent’s demographic dividend.”
The Foundation’s mission will be executed by creating a cycle of empowerment through targeted programmes. These include ‘Connecting Schools’, which provides free connectivity and devices, and the ‘Airtel Africa Fellowship’, offering full undergraduate scholarships in tech and STEM fields, complemented by mentorship and internships.
A key early success underscoring the Foundation’s impact is its ongoing partnership with UNICEF. This collaboration has already connected more than 1,800 schools, benefitted over one million students, and trained more than 17,000 teachers in digital education across the Foundation’s 14 markets of operation.
In addition, the Foundation will leverage its dedicated Employee Volunteer Programme, channelling the skills and passion of its people directly into community initiatives. For the 2025/26 financial year, the Foundation has set specific expansion targets, with programmes now active across all its operating countries, from Nigeria to Zambia, Malawi, Rwanda, and the Democratic Republic of the Congo.
Commenting on the company’s support for the Foundation, Airtel Africa’s Chief Executive Officer, Sunil Taldar, said, “We cannot thrive in a place that is not thriving. This understanding is the very reason the Airtel Africa Foundation was born. It is our vehicle to catalyse transformation, by systematically investing in the pillars that underpin a resilient and dynamic society.
“We have remained dedicated to transforming lives both as a business imperative as well as our overarching philosophy. For us, helping to connect the unconnected, banking the unbanked and enabling businesses and economies to thrive are the three most significant objectives of our business.”
FXTM, a leading global online trading firm, has launched FXTM Edge, a mobile-first trading platform designed to make forex and commodity trading more accessible to Nigerian traders.
The platform, unveiled at a media roundtable in Lagos, aims to simplify trading by addressing common barriers such as high entry costs, technical complexity and lack of structured learning support.
Adaeze Uzochukwu, Specialist, Education and Media at FXTM, said FXTM Edge was developed with the Nigerian market in mind, combining affordability, accessibility and education in one package.
“Many Nigerians are interested in trading but are held back by complexity, high costs or lack of experience,” she said. “FXTM Edge was built to remove those barriers and give everyone a chance to participate in global markets confidently.”
With a minimum deposit requirement of $50, compared to the previous $200, the platform lowers the entry threshold for Nigerians looking to trade. It also allows micro-lot trading, enabling users to start small and manage risk effectively
Uzochukwu said the platform offers a user-friendly interface, built-in educational resources and trade inspiration to help beginners build confidence step by step.
For experienced traders, FXTM Edge delivers competitive spreads starting from 1.2, a reward system that covers both lots and units traded, and the option to test strategies at lower cost.
She added that the mobile-first design reflects the growing reliance on smartphones for financial activities in Nigeria, offering speed, convenience and flexibility to traders on the move.
“Trading should not be intimidating. With Edge, beginners can start small, learn with the right support and gradually grow at their own pace,” she said.
Backed by FXTM’s global reputation for reliability and expertise, the new platform is expected to encourage broader participation of Nigerians in global financial markets
Airtel Africa has extended its $100 million share buyback programme, first launched in December 2024, in partnership with Barclays Capital Securities Limited. The scheme, aimed at improving shareholder returns, has so far returned $34.7 million through the repurchase of 14.2 million shares, with $20.3 million still to be acquired.
The initiative, now running until March 2026, follows the completion of an initial $50 million phase in April 2025 and currently includes a $55 million tranche.
The telecommunications group, listed on the Nigerian Exchange (NGX), is operating within regulations that restrict share buybacks to 15 percent of issued shares over two years. All repurchased shares will be cancelled, reducing the company’s share capital and potentially increasing earnings per share (EPS).
The buyback follows a strong performance in the first quarter of 2025, when Airtel Africa reported a 16-fold increase in EPS to 3.4 cents, supported by higher operating profits and lower foreign exchange losses. The company also raised capital expenditure by 27 percent, investing $737 million in 2024 to expand infrastructure and secure spectrum across its markets.
The extension of the scheme, according to Airtel Africa, also reflects its intention to provide consistent shareholder value while maintaining investment in its network. The partnership with Barclays ensures compliance with regulations during closed trading periods and seeks to limit market disruption.
Airtel Africa has in recent years considered a separate listing of its mobile money business but postponed the initial public offering in 2025, choosing instead to direct capital into shareholder-focused measures such as the buyback.
Industry observers point out that buybacks may improve financial ratios by reducing outstanding shares, but they can also indicate fewer reinvestment options. Airtel Africa has argued that its programme complements long-term growth priorities, pointing to a 29.5 percent increase in mobile money revenue and a 24 percent rise in its customer base.
The company continues to weigh shareholder rewards alongside reinvestment, citing foreign exchange volatility and other economic pressures in its largest market, Nigeria.
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