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Ovum Unveils Investment Focus on $4.8tri Digital Economy

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Ovum is accelerating investment and further integrating its telecommunications, media and technology capabilities to provide critical business intelligence to digital service providers and their technology partners to enable them to profit from innovation and fast-paced change in the TMT market.

Ovum projects opportunity for TMT in the 2025 digital economy to be upwards of $4.8 trillion.

Ovum provides clients with industry-leading market intelligence, analysis and forecasts through proprietary data sets and a team of global experts who offer both a daily perspective and a considered view on the issues and technologies shaping the technology, media and telecommunications markets.

“We offer digital service providers and their technology partners the competitive advantage they seek to unlock the vast opportunities created by the intersection of the technology, media and telecommunications industries,” explains Ovum’s new Managing Director, Aneil Rakity.  “Our highly respected industry analysts provide a unique perspective and cutting edge insights on the topics that matter, giving our clients the ability to anticipate and profit from the fast-paced innovation occurring in their markets.”

Ovum analysts track, forecast and advise on how digital services are distributed and consumed, how they are enabled by new technologies, and the implications for the industry.

Clients, including the world’s leading media, technology and communications organisations, rely on Ovum to guide their investment decisions and help them profit from opportunities globally and locally.

Ovum also works closely with leading professional services firms, financial services organisations, regulators and public sector bodies.  Services are delivered through ongoing subscriptions and bespoke consulting projects.

“I am incredibly excited by the changes we are making,” said Rakity.  “I have spent a significant amount of time with customers over the last three months and many cited Ovum’s ability to identify opportunities and help them profit from digital innovation as some of our key sources of value.  To support our clients, we have already increased our investment and coverage in key topic areas such as IoT, enterprise mobility, media services, payments, SME and OTT services. We are also growing our presence in key geographies.  For instance, in Asia Pacific we recently launched a new Chinese language service and in the United States, we are opening a new office in San Francisco. Underpinning all of that, we have a great team with a unique combination of industry, geographic and functional expertise.”

“These investments are just the beginning,” continued Rakity.  “Over the next year, our customers will see the benefits of significant investment in our services including additional analysts, added depth and reach of our forecasting capabilities and further enhancements to our delivery platform – ensuring that our clients have the business intelligence they need to make better decisions, faster.”


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E-Financial

Kuda Bank Teams Up with Lovers & Frnds for Inclusive Valentine’s R&B Bash

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Kuda Microfinance Bank partnered with Lovers & Frnds for a Valentine’s edition event on Sunday, February 15, at Space Hub Lekki, Lagos, redefining celebrations around love, friendship, and social connections beyond romance.

Kuda Bank Teams Up with Lovers & Frnds for Inclusive Valentine’s R&B Bash

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The R&B-themed gathering drew couples, friend groups, and solo attendees with music sets from DJs like TGarbs, games, gift exchanges, and colour-coded tags—red for relationships, yellow for mingling singles, orange for non-minglers—to spark easy interactions.

Kuda activated a branded photo booth, merchandise giveaways, prize activities, and complimentary drinks for Premium loyalty tier customers, while vendors used Kuda Business POS terminals for seamless cashless payments.

Senior Brand Manager Emmanuel Femi-Adejobi said: “We partner with experiences matching our customers’ lifestyles in music and entertainment, creating spaces they genuinely connect with—we’ll keep supporting how they live and celebrate.”


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CBN Slashes Rate by 50bps

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By Mathew Anthony, Market Analyst at FXTM

In another positive development for Nigeria, the CBN has proceeded with 50-basis points rate cut.

CBN Slashes Rate by 50bps

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With favourable fundamental forces at play, it was always a question of how much rather than if rates will be cut in February.

Although some were expecting a hefty 100-basis point cut, this was still a positive move by the CBN, mirroring the dovish strategy of other major banks on the continent.

Interest rates were slashed thanks to cooling inflationary pressures, a stronger Naira and rising FX reserves.

This move is likely to boost confidence over the economic outlook ahead of the Q4 GDP report scheduled for release later this month.


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CBN Cuts MPR by 50bps to 26.50% as Inflation Eases for 11th Month

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Central Bank of Nigeria (CBN) has lowered its Monetary Policy Rate (MPR) by 50 basis points to 26.50 percent from 27 percent, a unanimous decision announced by Governor Olayemi Cardoso at the end of the 304th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.

CBN Cuts MPR by 50bps to 26.50% as Inflation Eases for 11th Month

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Cardoso cited 11 straight months of decelerating headline inflation—reaching 15.10 percent in January 2026 per National Bureau of Statistics—as key, driven by prior tightening lags, naira stability, food supply gains, steady petroleum prices, export earnings, remittances, and balance of payments strength.

Liquidity ratio stays at 30 percent, CRR unchanged at 45 percent for commercial banks (16 percent merchant banks) and 75 percent non-TSA public deposits; standing facilities corridor now +50/-450 basis points around MPR.

The MPC retained other parameters, welcoming Executive Order 09 redirecting oil/gas revenues to the federation account for fiscal boost, last cutting rates in September 2025 after November’s hold.


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