General News
Telcos Can Reduce Cost with Synthetic Fuel –Edward

Ifeanyi Edward is the chief executive officer of Proxynet Communications. He has over a decade experience in the information technology industry especially in the technical and sale service sector of the industry. He joined Proxynet five years ago and has helped the company establish its footprint in several African countries such as Nigeria and South Africa. He spoke to chike onwuegbuchi on new product DieslFix which the company has just introduced into the market.
Dieselfix
Proxynet Communications is the authorized sole distributor of DieselFix, a product purely made to reduce the diesel consumption of the generators. DieselFix is owned by Supafuel based in Geneva, Switzerland while the DieselFix factory is in Johannesburg, South Africa. Our key focus is to save fuel, we want to save the engine, we want to save the environment. Today in Nigeria, every sector, the financial services sector, the telecom sector, manufacturing sector, hospitality sector, among others uses thousands of litres of diesel, everyday, every month to keep their businesses running because of the peculiarity of the Nigerian infrastructure from the power perspective.
Dieselfix is not a new product as it were to Nigeria; different companies are already using it. Tests have been done in Nigeria with some telcos and tests are being done presently with some companies in the hospitality industry. We are confident that when we put this product in any generator that runs on diesel or fuel as it were, we are 100 percent sure that it will give the owner a minimum of 10 percent savings on the cost of each litre of diesel such generator uses. The simple chemistry there is that diesel naturally absolves water and diesel naturally contains water, our solution reacts with the water in any diesel by converting it to fuel soluble lubricant.
Environmental Hazards of the Solution
That is why we say we are saving the environment. With the test conducted today in Israel, nearly six months test with the university, it will reduce the air emission by over 30 percent. For example, hydrocarbons and carbon monoxide will all come down by 30 percent and the suit that causes cancer will come down by 30 percent. We are running a similar test in China. A litre of Dieselfix is used in every 4,000 litres of diesel used in any generator to ensure a 10 percent reduction in diesel consumption while maintaining and ensuring that you have lesser maintenance cost of your engine because it burns off the carbon dioxide.
Our starting point is quite different from others, in Nigeria’s case we have very little refining credibility, so the crude oil is exported out and the finished product is brought back to the country by sea and in that process after the fuel has been produced and brought back to Nigeria, the handling also is very poor in many cases accumulates a lot of water. What we have done is that we have tested some of the diesel here in the country to confirm that fuel have a lot of water in this country. Clean diesel should be clear, clean and conform to specification. We are saying if you have bad diesel and you put it into your engine, you can have bad results because water should not be in the diesel to start off with, because the minute there is water, it is off the specification of diesel. That water touches your engine in a few ways because it has no lubricity and will damage your fuel system; your fuel pump and fuel injectors will be damaged by the water. A lot of the companies that we spoke to said they change injectors all the time and injectors are very expensive parts of an engine. A modern engine in fact is not very tolerant of water because it is extremely high compression as it work under extreme pressure and water is a definite No. Also, when you have the water and the diesel together, water has no power; it does not combust, so, you mixing it into your fuel to generate power is bad. When water is in diesel you have to spend more money buying more diesel for the same amount of power. Any engineer will understand that water should not be in the engine, it is bad for the engine, and it will destroy the engine and will raise operating cost in terms of maintenance and spending more on diesel. It will also increase your capital expenditure because when your generator packs up, you have to buy a new one. For a telco for example, when a generator goes down because of water related problems, that BTS cannot generate traffic so you actually loose a lot of revenue. In a hotel, when your generator goes down, guests will not stay there because there is no light. We understand the Nigerian fuel on a day to day basis and our solution is designed to treat that. But however, we work throughout Africa, it is not unique to Nigeria but to a lesser degree in more developed countries because the control is better.
How much Telcos Can Save in A Year Using The Solution
We guarantee a minimum of 10 percent savings. This product is different in that, it is not an additive. It is a synthetic fuel, our product conforms to diesel specification and why is that important? It is very important because at the end of the day generators in Nigeria are made by somebody. For example, Caterpillar published a worldwide book on bad fuel, stating what they expect their customers to do. If you as a customer is putting a fuel like that into your engine, your warranty expires, if Caterpillar finds out that this is the kind of fuel you use. I can show you in reality that this is what is happening. A fuel specification from Caterpillar states that the kind of fuel you use must have no water, a minimum amount of this and that. What we have done as a company is to map out a fuel specification for Nigeria and the government also said for the fuel we use in Nigeria, it is going to conform to certain specifications. The certification of our product which confirm our products is 100 percent diesel means you can take our product if you want to, fill up your diesel engine and it runs, you cannot do that with any other product. This means the end user will have no warranty issue which is extremely important. Ours is a synthetic diesel, it is a chemical diesel, it is not biodiesel. Biodiesel is when you take plants and turn it into diesel. We are a chemical diesel because diesel is carbon and hydrogen. Our diesel is designed to do two things; one, it converts the water in the diesel into a fuel soluble lubricant; two, it is a very competent carbon solvent because as the engine works with a typical Nigerian fuel, there is a lot of carbon. When you look at any generator, when it is started, a thick fog of smoke pops up. That is the unburnt fuel that clogs up the engine, making it less efficient. At the same time the same solvent dissolves all the bacteria growing in the diesel. So, our product cleans the fuel and the engine to give maximum combustion for minimum emission, thereby reducing the cost of maintenance.
Support
In a short while, everything working out the way we plan, we will have a mini plant here because it is not produced locally, by then we will have everything necessary to support the product. In terms of support, we have a 14 to 17 man technical team in the country regularly to support the product and carry out skill transfer.
Target Market
The target market is all companies in Nigeria, because everybody runs their generator on diesel. It will make a lot of sense for even the middle scale industries, financial services sector, manufacturing companies, telecommunication companies and hospitality sector. I am sure you will recognize that manufacturing companies especially the textile industries packed up because of diesel, they could not afford to run on diesel for 24 hours.
Proskool Software
Proskool software is a complete web enabled database driven school management software that manages both students and staff records to simplify school management procedures. The software is designed to ensure better data flow between school management team, students, parents and teachers. It is geared towards the nursery, primary and secondary schools. Proskool seamlessly manages school administration, students’ billings, process student’s results and staff payroll.
With an Internet connection in place, the school management team enjoy the flexibility of logging into the software from anywhere in the world. They can have an overview of all students registered per term, have first hand detailed information on students’ school fees payment status, know the amount owed the school with an idea of due payment dates without consulting the accountant.
Proskool captures students and parents’ biodata to enable the school send messages to parents on occasions like birthdays or other events to foster harmonious relationship between the school and parents. Students’ report sheets can also be generated and e-mailed to parents and guardians to ensure proper receipts of report cards by parents.
Teachers can as well see the payment status of each student in their class to initiate a proper follow up and can automatically compute students’ cumulative point after each test and examination.
Proskool was developed using PHP server-side scripting, MySQL and Apache web server and is compliant with all web browser. Its uniqueness lies in its ability to simplify task and make records more useful.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
General News
Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential

Sterling Bank Limited on Monday convened stakeholders in the renewable energy industry to explore strategies for accelerating Nigeria’s transition to clean energy and boosting economic growth.

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of Nigeria; Dr. Jekwu Ozoemene, Group Executive, The Alternative Bank; Mr. Biodun Ogunleye, The Honourable Commissioner, Lagos State Ministry of Energy and Mineral Resources; Mr. Dele Faseemo, Group Executive, Coprporate and Investment Banking, Sterling Bank; Engr. Bem Samuel Anyangeuor, Representative, Honorable Minister of Power and Mr. Oluwaseyi Okunnuga, Group Head, Renewable Energy & Sustainability Finance, Sterling Bank at the just concluded Renewable Energy Colloquium held in Lagos recently.
The colloquium, themed “Beyond the Grid: Unlocking New Frontiers in Renewable Energy”, was held in Lagos and brought together policymakers, financiers, and industry leaders to deliberate on priority areas for action.
In his opening address, Managing Director and Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman, represented by Mr. Dele Faseemo, Group Executive, Corporate and Investment Banking, said the bank would focus on regulation and financing to expand access to energy.
He noted that energy access remained critical to supporting economic growth and achieving Nigeria’s ambition of building a one trillion-dollar economy.
Delivering a keynote address titled “Scaling Electrification in Nigeria: The REA Impact”, Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, represented by Mr. Abba Hayatudden, said Nigeria required about 26 billion dollars to bridge its energy deficit.
Aliyu explained that the energy transition strategy integrates grid, mini-grid and off-grid technologies to achieve universal, reliable and sustainable energy access while aligning with national development and climate goals.
Minister of Power, Mr. Adebayo Adelabu, represented by Engineer Samuel Ayangeaor, commended Sterling Bank for convening the dialogue.
He said renewable energy and rural electrification were central to the Federal Government’s Renewed Hope Agenda.
“The Ministry of Power has continued to expand electricity access to underserved communities to drive economic growth, foster industrial activity and create jobs across the nation,” Adelabu said.
Lagos State Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, highlighted the state’s efforts in renewable energy, including the ongoing two-gigawatt grid-scale solar project.
He described it as the most ambitious energy transformation ever undertaken by the state.
Chief Executive Officer of Sterling One Foundation, Mrs. Olapeju Ibekwe, urged participants to move beyond communiqués and act with intention to deliver meaningful impact.
The colloquium featured panel sessions on financing and scaling green energy solutions in Africa, among other discussions.
General News
Cellulant Taps Freddie Oduro to Lead Enterprise Payments Expansion in Ghana

Cellulant, a leading Pan-African payments company enabling seamless digital transactions across Africa, has appointed Mr. Freddie Oduro as its new Country Manager for Ghana.

Mr. Freddie Oduro, New Country Manager for Ghana.
Freddie’s appointment is a key step in Cellulant’s broader strategy to deepen its presence in priority markets by accelerating the acquisition of in-country enterprise businesses and strengthening its position as the payments partner of choice in Africa.
Freddie brings over a decade of commercial and strategic leadership experience in the telecommunications and financial services sectors, with expertise in sales, business operations, and market expansion.
In his new role, he will drive merchant acquisition, strengthening partnerships, oversee collections and payout operations, while ensuring strong internal controls and regulatory compliance.
He joins Cellulant from Payaza and previously served as Sales Director at Cellulant, where he helped significantly expand the company’s footprint in Ghana.
Cellulant has been powering payments in Ghana for leading brands in sectors like e-commerce, utilities, oil and gas and retail, helping them offer their customers a wide range of secure digital payment options.
“We are happy to welcome Freddie back to the Cellulant family,” says Richard Gesimba, Chief Revenue Officer at Cellulant. “Ghana remains a critical market for us, with immense potential driven by rising digital payments adoption.
“As we sharpen our focus on in-country enterprise customers, Freddie’s leadership and industry insight make him the ideal person to steer our Ghana operations.”
The appointment comes at a transformative time for the company. Following a strategic shift between late 2023 and early 2024, focused on streamlining operations, doubling down on enterprise payments, and strengthening customer intimacy, Cellulant achieved profitability in 2024 and continues to build on this momentum.
The company now processes close to 4.5 million transactions daily for businesses across Africa, reinforcing its position as a fintech leader.
“I am honoured to return to Cellulant and lead the Ghana team at such a defining moment,” says Freddie, Country Manager for Cellulant Ghana. “Ghana presents a tremendous opportunity.
“We will ramp up our efforts to sign on more local merchants, strengthen our compliance and control frameworks, and introduce innovative solutions like Tingg Edupay, our automated school fee management solution that eliminates reconciliation delays by validating payments in real time and instantly updating student accounts.
“We will build on Cellulant’s strong foundation to deliver real value, reliability, and economic impact.”
Ghana’s digital payments sector continues to grow steadily, supported by increased mobile money usage and a progressive regulatory environment. Between January and October 2025, the value of mobile money transactions hit about GH¢ 3.6 trillion, up sharply from GH¢ 2.37 trillion in the same period of 2024.
Registered mobile money accounts now exceed 79 million, demonstrating strong consumer and business confidence in digital financial services and in turn creating many opportunities for payment innovation.
This leadership appointment underscores Cellulant’s commitment to building a resilient, high-performance organisation geared towards playing a pivotal role in the next era of Africa’s digital economy.
Looking ahead to 2026, Cellulant plans to further enhance the user experience on its payment platform, Tingg, and expand its footprint across Ghana.
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