Connect with us

Telecom

Over 40% of Nigerian Businesses are Leveraging Interconnection, for Expansion, Over 90% Pursuing the Benefits of AI – Survey

Published

on

Kindly share this post

Organizations are now seeking digital-first strategies to embrace the power of ecosystems and interconnections. From the Equinix 2023 Global Tech Trends Survey, 47% of IT leaders in Nigeria who were interviewed noted that interconnection has increased the flexibility of their connectivity.

Other interconnection benefits cited by respondents included network optimization (46%) and optimized end-user experience (45%). This is consistent with the 2023 Global Interconnection Index, which forecasts interconnection bandwidth to grow at over 40% CAGR in EMEA and major metros through 2025.

This is a key indicator of how many businesses are relying on interconnection to enable digital acceleration.

“The growth of interconnection bandwidth and associated IT budgets for interconnection and carrier neutral colocation show how businesses are embracing interconnection as a critical component of their digital strategy, and how they are future-proofing their digital infrastructure to gain competitive advantage,” stated Funke Opeke, CEO, MainOne – an Equinix Company.

On carrier-neutral colocation, the survey recorded a 35% increase in spend compared to the previous year, that recorded a 14% increase, an unsurprising result given predictions from last year, which forecasted a rise in digital deployments that will not only enhance digital transformation, but also build resilience. More businesses (29%) plan to increase their colocation spend in the next 12 months.

Analyzing their long-term technology strategies, respondents highlighted improving customer experience, accelerating innovation, and complying with data protection regulations amongst others as top priorities amidst their digital expansion plans.

Of the 100 IT leaders surveyed in 2023, 37% are planning to expand geographically into a new region, 30% into a new country and another 45% in a new city in an existing country, with data sovereignty laws as a top deciding factor for those plans.

79% of these respondents are likely to adjust their expansion plans in some form, in adherence to the data sovereignty laws implemented in these new markets.

According to Funke, “As businesses expand their infrastructure to meet the constant growing need for digital services, data sovereignty laws play a critical part in their expansion plans.

“This is because businesses need to ensure that their data is stored and processed in accordance with the laws of the country in which they operate. However, strict data sovereignty laws can make it difficult for businesses to expand their infrastructure across borders.”

“With MainOne, businesses can leverage a globally interconnected ecosystem to expand their reach and tap into new markets, scale their operations and lower latency for critical services and applications, adapt to changing market dynamics and comply with regulatory requirements”, she added.

Rise in AI Uptake

As IT leaders in Nigeria continue to see a need for colocation and interconnection, they cannot ignore the need to embrace artificial intelligence (AI) for a sustainable future.

Results from the survey confirmed AI uptake is on the rise across all industries, with 93% of the 2,900 IT decision-makers polled globally seeking to benefit from the advantages of AI and already using or planning to use it across multiple key functions. 94% of businesses in Nigeria are likely to be using AI or planning to do so in cybersecurity, closely followed by IT operations (93%), and customer experience (92%).

Despite its widespread adoption across industries, only 3 in 10 (37%) of the IT leaders surveyed in Nigeria believe their team’s ability or existing IT infrastructure are fully prepared for the demands of artificial intelligence technology. To create scalable AI solutions, businesses must ensure their IT frameworks can accommodate the required ingestion, sharing, storage and processing of massive and diverse data sets, while keeping sustainability in mind.

In addition to digital infrastructure updates, the survey also highlighted the need for education and collaboration to enable IT teams optimize the deployment of this infrastructure, with AI and machine learning expertise being sought by 52% of those growing their IT teams.


Kindly share this post

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

Aba to Host MTN’s “The Gathering” with Pitchathon Offering ₦5 Million Prize Pool for Emerging Startup Founders

Published

on

Kindly share this post

MTN’s Youth cultural and lifestyle event “The Gathering” will hold in Aba at the Prime Event Centre from June 14 to 15, 2026, with a high-stakes Pitchathon designed to spotlight and reward the most promising early-stage founders in the city, offering a total prize pool of ₦5 million.

Aba to Host MTN’s “The Gathering” with Pitchathon Offering ₦5 Million Prize Pool for Emerging Startup Founders

The competition will award ₦2.5 million to the winning startup, ₦1.5 million to the first runner-up, and ₦1 million to third place, giving young entrepreneurs not just funding, but a direct platform to validate their ideas in front of investors, consumers, and industry stakeholders.

The Aba Pitchathon follows a highly successful Lagos edition of The Gathering on 100, which took place at the National Stadium, Surulere, from April 22 to 26, where eight startups collectively received ₦45 million in seed funding after pitching solutions across fintech, healthtech, agritech, edtech, and creative technology.

At the Lagos edition, Hurpham Africa emerged as the overall winner with ₦15 million in funding support, followed by Coconoto Ltd with ₦10 million and Rava Send with ₦5 million. Five other startups – URI Social, Dulces Jams, Kindly Book, Africa Medical Marketplace, and MyFund – each received ₦3 million, alongside visibility and MTN business ecosystem support.

Organisers say the goal is to deepen access to opportunity across Nigeria by taking The Gathering on 100 beyond Lagos into high-potential commercial hubs like Aba, where entrepreneurship continues to thrive.

Registration is now open via The Gathering’s official website. Entrepreneurs, builders, and early-stage founders in Aba and surrounding cities are encouraged to apply for a chance to pitch live at the event.


Kindly share this post
Continue Reading

Telecom

Meta Unveils AI-Powered Business Agent to Support Customer Engagement

Published

on

Kindly share this post

Meta has unveiled a new artificial intelligence-powered tool, Meta Business Agent, designed to help businesses automate customer interactions, boost sales and improve operational efficiency across its messaging platforms.

Meta Unveils AI-Powered Business Agent to Support Customer Engagement

Meta

The announcement was made at the Conversations 2026 event in London, where the technology company introduced the platform as part of its efforts to expand AI-driven business solutions.

According to Meta, the Business Agent will enable businesses to provide round-the-clock customer support on WhatsApp, Messenger and Instagram, helping them respond to inquiries, recommend products, book appointments and manage sales conversations.

The company said more than one million businesses are already using AI-powered business agents on WhatsApp and Messenger to engage customers.

Meta noted that with over one billion people connecting with businesses daily across its platforms, the new tool would help organisations deliver more personalised and relevant customer experiences.

The company explained that businesses could set up the Business Agent within minutes or integrate it into existing enterprise systems.

Features of the AI assistant include answering business-specific questions, making product recommendations from company catalogues, qualifying sales leads, booking appointments and facilitating transactions.

The platform also allows businesses to determine when human agents should take over conversations requiring additional support.

Meta disclosed that the Business Agent would now be expanded globally to businesses of all sizes and integrated into Instagram, where many companies also engage with customers.

The company said access to the tool would initially be free, while paid subscription plans tailored to different business categories would be introduced in the coming months.

In addition to customer engagement functions, Meta said the Business Agent could serve as an operational assistant by providing business owners with daily briefings, summaries of customer interactions and insights from conversations conducted overnight.

The technology firm added that future updates would enable the platform to perform more advanced functions, including market research, product insight generation, calendar management and competitive intelligence analysis.

Meta also announced the launch of the Meta Business Agent Platform, a new infrastructure designed to help businesses build, customise and deploy AI agents at scale.

The platform supports integration with hundreds of business systems, including e-commerce and customer service tools, allowing AI agents to perform tasks on behalf of organisations.

According to Meta, the platform offers enterprise-grade controls, governance mechanisms and measurement tools to ensure businesses can manage customer interactions securely and effectively.

The company said the initiative reflects its commitment to helping businesses leverage artificial intelligence to improve customer service, increase productivity and drive growth in an increasingly digital economy.


Kindly share this post
Continue Reading

Telecom

Digital Encode Calls for Immediate Action as Cyber Threats Escalate Nationwide

Published

on

Kindly share this post

Digital Encode Limited, a leading information security and governance, risk, and compliance (GRC) advisory firm, has issued an urgent cybersecurity advisory following a surge in security breaches affecting financial institutions, government agencies, fintechs, and other organizations across Nigeria.

Digital Encode Calls for Immediate Action as Cyber Threats Escalate Nationwide

Digital Encode

Cyber threat actors have recently exposed data purportedly from both private and public institutions in Nigeria, underscoring the growing need for stronger cybersecurity frameworks, proactive threat monitoring, and coordinated incident response measures.

But Digital Encode’s advisory highlights a troubling pattern: most recent cyber incidents are not driven by sophisticated zero-day exploits, but by preventable weaknesses in basic security configurations, credential management, and operational controls.

According to the advisory signed by Professor Obadare Adewale Peter, Chief Visionary Officer of Digital Encode Limited, attackers are increasingly exploiting misconfigured systems and publicly exposed assets, such as unsecured databases, open cloud storage buckets, leaked API keys, and critical servers exposed to the internet, many of which are easily discoverable through open repositories, cloud indexing tools, and even dark web marketplaces.

The advisory outlines critical areas of concern, including publicly accessible cloud storage exposing sensitive customer and operational data; hardcoded secrets in web and mobile applications, including API keys and tokens; leaked credentials in repositories and deployment artifacts; weak internal access controls and over-reliance on single authentication layers; exposure of administrative endpoints, API documentation, and development environments in production; uncontrolled use of Third-Party Hosting platforms such as Vercel, Netlify, and Render; poor token lifecycle management and weak authentication, inadequate vendor risk management and monitoring controls

Digital Encode noted that these vulnerabilities are widespread across organizations, particularly in financial institutions, payment service providers, Fintech companies and public sector platforms, where similar exposure patterns continue to recur.

Not a Technology Problem, But an Execution Gap

“Organizations affected in recent breaches were not compromised due to highly advanced attacks, but due to lapses in enforcing existing security controls, like, ensuring that no cloud resources linked to organizations whether AWS S3, Azure Blob, Google Cloud Storage, or Firebase allow anonymous access, Verify that no cloud credentials or API tokens are exposed in public or private repositories, container registries or deployed applications, and all external and internal APIs must enforce authentication and authorization controls at all times” Prof. Obadare stated.

The advisory stresses that most of these risks can be mitigated with readily available tools and best practices, underscoring a critical gap between security policy and implementation.

Urgent Actions Recommended

Digital Encode has called on organizations to act immediately by conducting a comprehensive audit of all internet-facing assets, including third-party systems; revoking and rotating all exposed or potentially compromised credentials including passwords, API keys, and access tokens; reviewing historical logs to assess the extent of any prior exploitation; engaging vendors to address third-party security exposures; fixing identified misconfigurations and validating remediation efforts; strengthening monitoring, logging, and threat detection systems; and documenting remediation steps and residual risks for governance and compliance.

The firm also emphasized the need for improved visibility into shadow IT and unauthorized deployments tied to employees’ accounts, which increasingly serve as entry points for attackers.

Call for Proactive Security Posture

Digital Encode reiterated its commitment to supporting organizations through enterprise-wide security assessments and independent validation of implemented controls.

“We strongly advise that this advisory be actioned without delay,” Prof Obadare warned, adding that proactive security hygiene, not reactive response, will determine resilience in Nigeria’s evolving threat landscape.


Kindly share this post
Continue Reading

Trending