Telecom
TEXUB Expands Footprint to Nigeria, Pledges to Build Global Online IT B2B Marketplace
TEXUB, a global B2B marketplace pioneering the future of IT trade, which launched in Dubai, UAE on May 25, 2022 has set up a hub in Nigeria to underscore the premium it places in the local and Africa markets.
Suchit Kumar,CEO TEXUB
Suchit Kumar, CEO of TEXUB, speaking during an Interactive Session with some ICT Journalists at the Colossus, Ikeja, Lagos, south west, Nigeria, said that the aim of the meeting was to acquaint the media of the company’s business model and its plans for the Nigeria Market.
The event facilitated by White-Stone Communications, publisher of Cyber Era, was attended by the TEXUB Business Development Manager, Kamal Manjotra, TEXUB partner representative-Dolphin Otis, Otigba Olisa-Emeka and a cross section of ICT journalists under the aegis of the Nigeria Information Technology Reporters Association(NITRA).
TEXUB, a true IT marketplace takes the lead in this particular model of operations for online B2B sales, heralding the reality of the future.
Group photograph of participants at the Interactive Session with some ICT Journalists at the Colossus, Ikeja, Lagos, south west, Nigeria,
The start-up, headquartered in Dubai, will offer a safe, stable and seamless digital ecosystem for global IT trade in the B2B space by taking care of end-to-end business requirements and simplifying operations.
According to Kumar, “TEXUB, as a key selling point model is a non-subscription-based business which offers unlimited access to business transactions for verified buyers and sellers.
“The platform enables sellers to upload multiple products with ease and sell globally across several hubs with the option to define regional restrictions if required.
“Buyers can purchase globally and enhance their supplier base, which helps them avail of globally competitive pricing options.
“TEXUB serves as an ideal channel facilitator as it overcomes the physical limitations of customer reach. The platform supports smaller vendors in establishing themselves in global markets.
“By diversifying and broadening their sources, TEXUB provides expansion opportunities for businesses both large and small”.
L-R: Kamal Manjotra, TEXUB Business Development Manager, Suchit Kumar, CEO of TEXUB and Clifford Agugoesi, CEO, White-Stone Communications, publisher of Cyber Era, at the Media Interactive Session.
At the Dubai launch, Mr. Kumar said: “TEXUB is an initiative to prepare for the inevitable where the post-pandemic reality of business transformation has moved onto digital platforms.
“We aim to be truly global in our approach and offer our customers the choice to do business without borders.
“Dubai is the ideal location for us to position ourselves as an online platform. Being set in the heart of a global trade hub, TEXUB ensures international connectivity” says CEO of TEXUB.
Consultant Director at TEXUB, Niranjan Gidwani comments, “With most of the world finding an online foothold, there is an undeniable global shift in the way a business functions today.
“All businesses are striving to continuously innovate and utilize more efficient ways in which they can achieve tangible results.
“And here is where digital business transformation becomes the current baseline of successful outcomes. Given this scenario, TEXUB can be leveraged to expand and simplify business, both on and offline.”
“TEXUB believes that garnering customer trust is crucial both for buyers as well as sellers. At TEXUB, people represent that trust. To substantiate their belief, the company has built a very strong board of individuals who are business stalwarts bringing a wealth of experience with them.
Cross section of participants at the Media Interactive Session.
“This distinguished set of industry leaders includes Founder member of Dubai Computer Group as the CEO of TEXUB; Suchit Kumar, Managing Partner InGroup Consulting, former CEO and Chairman of Intelenet Global Services and current Chairman of VFS Global, Susir Kumar, Founder CEO of Emax Electronics, Chairman of NB Ventures and start-up angel investor Neelesh Bhatnagar,; former CEO of EROS Group and a member of UAE Super Brands Council and Axel Holst as Managing Director of TEXUB Europe, Niranjan Gidwani”.
“Keeping in mind the interests of all the stakeholders, identities are masked on TEXUB, and buyers and sellers remain anonymous while trading, seamlessly ensuring world-class data security.
“Moreover, all payment transactions and shipments are routed through TEXUB. Local billing options, in-country trade and crypto options with a secured gateway amplify the trading experience and reduce operational costs for buyers and sellers while keeping them secure online” he added.
A true B2B marketplace, TEXUB is a convenient platform that facilitates distributors, buyers, resellers and brands within the industry. With a strong digital ecosystem and scalable cloud platform, TEXUB spotlights an unprecedented and compelling journey into the IT business economy.
Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions of naira, according to people familiar with the matter.
Federal ministry of works, which supervises federal road constructors, is finalizing the regulation that will be signed as an executive order by President Bola Tinubu, said the people, asking not to be identified as they weren’t authorized to comment.
While there are presently laws against vandalism, the authorities are aiming to regulate construction firms more closely.
The order will enforce stiff penalties on offenders, said the people, declining to provide more details or say when it will be signed.
“Telecom assets are critical backbone that supports the economy across sectors,” said Temitope Ajayi, a senior presidential aide, who noted that the Association of Telecommunications Companies (ATCON) has been demanding the classification for years.
New rules will provide “further assurance that the Nigerian government will protect their investments against vandals and criminal elements.”
The Nigerian Communications Commission (NCC) estimates that the sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5% in the third quarter of last year.
The move will help alleviate pressure on the telecoms sector, which is facing increased operating costs and sales pressures from a sharp depreciation in the currency and a threefold increase in energy prices.
Repairs and revenue losses from damaged cables is estimated to have cost the sector almost 27 billion naira ($23 million) last year alone, documents seen by Bloomberg show.
MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.
MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show. On Feb. 28, a cut on its network in three different locations by a road construction firm, an oil serving company and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.
The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than 11 billion naira – enough to build 870 kilometers of new fiber lines to areas without coverage.
A presidential order on the matter would be welcomed, said Tony Izuagbe Emoekpere, president, Association of Telecommunications Companies of Nigeria.
“When it comes to communication infrastructure, they are destroyed at will, so we are eagerly awaiting the president’s order,” he said. “It would be a great boost to the industry, and it will also encourage investment.”
Telegram, the messaging giant founded by Pavel Durov and headquartered in Dubai, anticipates hitting a remarkable milestone of one billion active monthly users within the next year.
Durov’s departure from Russia in 2014, prompted by governmental pressures to stifle opposition communities on his VK social media platform, underscores Telegram’s commitment to neutrality despite geopolitical challenges.
With 900 million active users currently, Telegram stands as a beacon of free speech in the digital realm, particularly influential in former Soviet Union republics and pivotal during conflicts like the Russia-Ukraine standoff.
Durov’s staunch advocacy for freedom of expression and opposition to censorship by tech giants like Apple and Google reinforces Telegram’s status as a neutral platform.
Opting for the UAE as its base, Durov cites its neutrality and openness as conducive to Telegram’s ethos, serving both opposition groups and governments alike while maintaining impartiality.
In Durov’s vision, the pursuit of freedom eclipses material gain, shaping Telegram’s trajectory as a bastion of digital liberation.
To further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) and National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure & seemless data exchange capabilities for Nigeria.
During the meeting between the Director-General of NITDA, Kashifu Inuwa Abdullahi, and Director General of NIMC, Engr. Bisoye Coker-Odusote, with some management staff of both organisations, they discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.
This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of Public Key Infrastructure (PKI) to drive digital transformation in Nigeria.
To ensure a smooth implementation, a 12-man committee was set up. This committee will play a crucial role in kickstarting and harmonising the initiatives. It is expected to deliver a comprehensive implementation report within the next 4 weeks
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