Telecom
Otunuga Urges FG to Intensify Efforts at Diversifying the Economy

Lukman Otunuga, Research Analyst at FXTM has said that the outcome of the 2019 presidential election could have positive impact on investors’ confidence only if the federal government intensifies effort to diversify economy away from oil reliance.
He stated this in an exclusive chat with Nigeria CommunicationsWeek Media on Wednesday, in Lagos.
According to him, “The immediate outcome of Nigeria’s presidential election will certainly have an impact on investor confidence.
“I believe foreign investors need to see Nigeria intensifying its efforts to diversify away from oil reliance, while also boosting infrastructure spending across major sectors.
“If the correct steps are taken towards stabilizing local macroeconomic conditions and shielding against external forces, Nigeria could move a step closer to nearing its optimal potential.
“While the elections will affect investor confidence, it’s the steps taken after that will shape sentiment towards the nation.
“With the economy being one that is still heavily reliant on oil exports for a big chunk of its government revenues, the outlook remains influenced by external forces.
Giving an insight into the post election effects on the fluctuation of Naira in foreign exchange market, Otunuga said that there was speculation that increased government spending ahead of the elections will lead to rising inflationary pressures and ultimately weakening the Naira.
He however noted that the effects have yet to be reflected in the parallel markets, stressing also that we will witness post-election anxiety and that some element of uncertainty will potentially weakening the Naira on the forward markets in the near term.
“There was speculation that increased government spending ahead of the elections will lead to rising inflationary pressures – ultimately weakening the Naira.
“However, the effects have yet to be reflected in the parallel markets. We see post-election anxiety and some element of uncertainty potentially weakening the Naira on the forward markets in the near term.
“The local currency will also be influenced by external risk factors such as global growth fears, oil prices and ongoing trade developments.
“While the Naira may witness further stability on the parallel markets, the question is – for how long?
“With the Central Bank of Nigeria already injecting roughly $39.9 billion to defend the Naira last year, can they adopt a similar approach in such unfavourable global conditions?” he stated.
Telecom
Google Rolls Out Search Live AI to 200+ Countries, Including Nigeria

Google has launched its Search Live feature globally to over 200 countries, including Nigeria, where AI Mode is available, enabling voice-and-camera conversations in users’ preferred languages.

Powered by the new multilingual Gemini 3.1 Flash Live model, it delivers natural, real-time interactions via the Google app on Android or iOS—tap the Live icon under the Search bar.
Ideal for hands-free help, users can speak queries for audio replies, follow-ups, or web links. Camera integration adds visual context, like troubleshooting a shelving unit, or pairs with Google Lens for real-world chats.
From the app or Lens, Nigerians can now explore, learn, or solve tasks instantly, boosting everyday productivity worldwide.
Telecom
IFC Invests $45m to Green African Telecom Sites

Clean and reliable power for telecom networks in Ethiopia, Liberia, and Sierra Leone will be expanded following a $45 million investment by the International Finance Corporation (IFC) in IPT PowerTech.

The investment targets countries where limited power supply continues to slow digital connectivity and broader economic participation, the institution stated earlier this week.
To enable this expansion, the IFC is providing a $45 million corporate financing package consisting of an A-loan of $27 million and $18 million in blended finance.
The blended portion is sourced from the Canada-IFC Blended Climate Finance Programme and the IDA20 Private Sector Window Blended Finance Facility.
The initiative marks the IFC’s first direct infrastructure engagement in Liberia in a decade and in Sierra Leone in six years.
It will help scale solar- and battery-based power systems that reduce reliance on diesel and support greener, more resilient telecom networks.
By improving the quality and stability of power to telecom towers, the initiative will strengthen mobile coverage and ensure that households, schools, health centres, and small businesses can depend on consistent digital services, said the IFC.
The funding supports the modernisation, operation, and maintenance of 2 235 telecom sites across the three nations. More than 90% of these are located in off-grid or weak-grid locations.
With new solar and battery systems powering these sites, mobile networks will experience fewer outages and improved service quality.
Optimising the energy mix is estimated to reduce power costs for operators by up to 30% in Liberia, 26% in Sierra Leone, and 52% in Ethiopia.
This transition is also expected to cut emissions by more than 10 624 tonnes of carbon dioxide annually. Furthermore, the partnership will promote gender inclusion by expanding opportunities for women in technical, operational, and leadership roles within the sector, says the IFC.
This agreement reflects a shared vision for a greener telecom industry and empowers the company to scale its innovative energy platforms, according to Nabil Haddad, CEO of IPT PowerTech Group.
Reliable and affordable power for telecom networks is a cornerstone of Africa’s digital transformation, said Nathalie Kouassi-Akon, IFC regional director for West Africa and the Gulf of Guinea.
Through this partnership, the institution is supporting a scalable, private sector-led solution that enables mobile operators to reach underserved and fragile communities more sustainably, added Kouassi-Akon.
The project advances the World Bank Group and African Development Bank’s Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030.
Telecom
Expedier Launches Platform to Ease Cross-Border Payments for African Firms

Expedier has unveiled “Expedier for Business,” an online pro-banking platform to simplify global payments, multi-currency transactions, and financial operations for expanding companies.

Kingsley Madu
The tool centralizes payments, invoicing, payroll, and treasury into one secure dashboard, tackling challenges like fragmented systems and poor visibility that hinder international scaling.
Kingsley Madu, Co-Founder and CEO of Expedier, said: “African businesses are increasingly global… Expedier for Business was built to simplify how companies manage money across borders while maintaining visibility, control, and compliance.”
Key features include customizable dashboards for payments, invoices, and workflows; support for USD, CAD, GBP, EUR, and more; virtual cards; automated payroll/invoicing; currency swaps; and real-time tracking.
Security measures cover two-factor authentication, KYC/KYB verification, and team access controls.
As cross-border trade and remote work boom in Africa, the platform aids firms dealing with international suppliers, teams, and customers. It is now available for organizations scaling globally.
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