General News
Data Driven 4G LTE Will Relish Video Streaming, Local Content- Venn

Mr. David Venn, chief executive officer of Spectranet said that online video streaming will become better with the launch of fourth generation technologies (4G LTE) in Nigeria.
Venn who was speaking on the recent announcement by Spectranet to deploy first server for Netflix in West Africa, said that lovers of movies and TV series now have better deals, adding that the gesture will push the pay-tv stations to rethink on their strategies.
Low Cost Online (Video) Contents
He said, “To have a better experience on Netflix you need to have fast internet connection. That is why the Netflix customers are going to have better experience because there will be no buffing; with $10 a month you get the movies in a high definition (HD) and you can watch on two screens. It means you could be watching television at home and someone else could be watching via the smartphone, different content on the same account. In other words, with $10 a month you have all the contents available to you; watching unlimited times. The contents are mainly movies and TV series. Netflix is not even resting on its oars in making available new contents. They spend billions of dollars in producing their own contents.
“Therefore, lovers of movies and TV series now have better deal; you could be watching series from office, continue in your car while heading home after work and you can get home, turn the TV on and resume from the spot you pursed. Now, I am in Nigeria and my son is in UK, we watch Neflix on the same account”.
Venn gave insight on the choice of Spectranet by Netflix thus, “Netflix was looking for a broadband (internet service) provider with high speed an offers quality service. So, they selected Spectranet. We now have a dedicated Netflix server. That contains the whole content (library) of Netflix. Every night it is updated with the California server. So, as new episodes are coming out (fro series) they are updated simultaneously.
“It happens at night when the internet is not too busy, because it requires a huge data to download HD videos. They gave us the server, managed remotely. What that means is that, normally, if you were using Netflix in Nigeria that was downloaded from the UK and US. So, you were internationally streaming videos from their server. But now, with the server in Lagos, it is like local content. On our network you go straight to the server and streaming will be much better and faster for our customers.
Spectranet’s Benefit
“The key thing for us is not only one of the first in Africa to get Netflix server, we are the only one in West Africa. No network provider in West Africa, of any sort has it, including Nigeria. In other worlds, their customers still have to stream movies and TV series from either UK or U.S., for us it is local. They chose Spectranet because of our quality network. They love the fact our customer watch their movies a lot. They have the statistics”.
Local Content
He added that the partnership will also boost local contents such as IrokoTv and Nollywood contents.
“On local content, you already got IrokoTv which is doing quite well. Last year we encouraged our customers to watch IrokoTv; they are a lot of local content (Nollywood) on the platform. That too is helpful. For the fact I am on Netflix, I can as well have IrokoTv account. It gives you choice for foreign and local contents. IrokoTv app can be launched on Netflix, because there are a lot of Contents (apps) on it. For instance, I can watch SkyNews live. I have DStv at home, but I have no time for it, because SkyNews is there and all the Tv series I need are on Netflix. So, I can download IrokoTv app on Netflix and it becomes part of the menu. I am not using a browser; it looks more like a TV station. For instance Apple Box (containing Apple TV), you do not subscriber to it. It is more of plug and play.
“Now, if you acquire Apple Box, it even accords you further varieties. When you view, it synchronizes your Netflix account. So, you do not need to buy the movie the second time. And Netflix is a competitor to Apple Tv. Apple Tv is a different model where you have to pay for everything you watch. If you move to news; SkyNews for instance, I can clique on any piece and watch or view live broadcast. They stream on my internet service.
4G LTE Is Data Driven…Costs of Streaming HD Videos
“The truth is that data is getting cheaper than it was two years ago. We also introduced unlimited night time data usage for our customers. From 1:00am to 7:00am, it is totally free. Thus, you can watch Netflix at night without any cost. Netflix also has its package; if you are a (Netflix) customer, you do not come to us, rather you go to them. They have a first month free package; no obligations as you can choose to sigh off/cancel anytime. So, the $10 monthly subscription is free for the first time you come on board.
“During the day and early evening you will pay for the data (Spectranet). I maintain that data prices are coming down. 80% of our customers are on 20GB plan (which is now 25GB for the same price with free unlimited night browsing). Neflix is an OTT service and we love it. You can switch to non-HD; that is standard view experience, so as to save your data. Secondly, you do not pay per Netflix movie, but monthly, which is cheaper than pay Tvs we have around here.
Plans for Sustainability (Partnership to Drive Traffic)
Spectranet remains the most reliable internet service provider in the country. Our up time is higher than any operator. The last thing you would want to happen is for the internet to be off, especially when you have movie to watch. We have been doing this for over 5 years and the first to launch 4G LTE. With the experience we have gotten we know how to manage 4G LTE network.
“It is very different from managing voice network. We have the backups- generators, batteries, all to make sure network is up. Even if they fail, we have a third party towers to connect instantaneously. We have our data connectivity to our core data centre located in Lagos and connected to major submarine cables like MainOne and three others. Even if the submarine cables are down, you are not losing any data, because the content is local. The only thing that will affect the process is the synchronization at night, because new episodes need to be downloaded. So, if you are using another internet service provider in Nigeria, you cannot access the server”.
General News
Tech-driven Solutions Receive Commendation @ Maiden Insurance Week Hackathon

Mrs Yetunde Ilori, President of the Chartered Insurance Institute of Nigeria (CIIN), has commended the innovative and technology-driven solutions presented during the institute’s maiden Insurance Week Hackathon competition.
Ilori gave the commendation after the completion of the competition on Thursday in Lagos, held at the College of Insurance and Financial Management in Asese, Ogun, as part of the Insurance Week organised by the CIIN.
She described the solutions as crucial to the industry’s transformation and relevance in the digital age. “This shows that the future is bright for the Nigerian insurance industry.
We are transforming as an industry, and digital innovation is at the heart of that transformation,” Ilori said. She noted that 19 teams initially applied for the competition, but only six were shortlisted.
The competition, which targeted young Nigerians between the ages of 18 and 29, engaged six finalist teams over a fourweek intensive innovation process, culminating in a demo day on Wednesday in Lagos.
The hackathon focused on real-world challenges in the sector, such as inclusive insurance, fraud detection, risk management, and improving customer experience.
It was designed to cultivate the next generation of insurance innovators, deepen insurance awareness, and promote financial literacy among Nigerians.
The teams that participated in the final stage of the competition were: Ifokanbale, Insurbridge, Insurvate, Team Aegis, Team Phoenix, and The Assured Team. Team Aegis developed “Hustle Guard,” a microinsurance solution for tricycle drivers covering health, life, and income, in an effort to demystify micro insurance in Nigeria.
The Assured Team presented “Kolo Plus by Card,” an unstructured savings plan with payment and interest features tailored to low-income earners. Team Insurbridge created “Smarter Claims,” a solution aimed at improving the insurance claims process.
Team Phoenix introduced “HerShield,” a solution focused on empowering women and building trust in the insurance sector. The Assured Team also developed additional ideas to drive insurance penetration in underserved and informal communities.
After an engaging pitch session before a panel of judges, Team Insurvate emerged as the overall winner with its solution, “Claim Central”, an end-to-end digital platform designed to streamline the insurance claims process from policyholders to insurers.
Team Aegis secured second place, while Team Phoenix came in third. The panel of judges included financial sector experts such as Norah Igwe, Tunji Andrews, Diana Mulili, Sakeenat Bakare, Ibraheem Babalola, and Prince Adeshina Adeyemi-Doro.
Also speaking, Mr Eddie Efekoha, Chairman of the Insurance Week, said the hackathon demonstrated a conscious effort to explore how technology can help distribute insurance products to all parts of the country.
“We believe this initiative will spark more interest among the youth to engage with insurance, not just as consumers but as creators and innovators,” he said.
Speaking on behalf of the winning team, Mr Odunayo Ojeremi, leader of Team Insurvate, described the competition as highly competitive and rewarding. “We are excited and grateful for the opportunity.
“We didn’t expect to win, but we are glad our solution was recognised. We hope to improve ‘Claim Central’ and make it a platform that ensures seamless claims processing,” he said.
General News
Enugu Air Commences Operations Today

Enugu State-owned commercial airline, Enugu Air, is set to officially launch its operations today Monday, July 7, 2025. The launch ceremony will take place at the Akanu Ibiam International Airport, with the Minister of Aviation and Aerospace Development, Festus Keyamo, expected to attend alongside other dignitaries, according to a statement from the airline.
Dr Obi Ozor, Commissioner for Transportation, Enugu State, said Enugu Air is a key component of Governor Peter Mbah’s vision for a modern, integrated transportation system, aimed at positioning Enugu as a major aviation hub in Nigeria.
The airline will begin operations with a fleet of three Embraer jets, from the E170 and E190 series, chosen for their performance, passenger comfort, and suitability for regional routes.
The airline’s inaugural routes will form a strategic triangular operation connecting Enugu, Abuja, and Lagos, with plans to expand services to Port Harcourt, Owerri, Benin, Kano, and other key cities across Nigeria and beyond.
Ozor said, “With a strong foundation built on innovation and sustainability, Enugu Air is poised to transform regional air travel, boost state pride, and raise Enugu’s profile nationally and globally.”
The launch of Enugu Air is expected to have a significant impact on the aviation industry in Nigeria, providing more options for air travel and promoting economic development in the region.
With its modern fleet and strategic routes, Enugu Air is set to revolutionize air travel in Nigeria and establish Enugu as a major player in the country’s aviation sector.
General News
Cybervergent Selected as World Economic Forum’s 2025 Technology Pioneer Company

In affirmation of its global standing, Cybervergent, a Pan-African technology company that leverages artificial intelligence to transform how organisations manage risk, governance, privacy, and cybersecurity, has been selected as one of the World Economic Forum’s (WEF) Technology Pioneers for 2025—a global cohort spotlighting companies transforming industries through breakthrough technologies and responsible innovation.
The WEF, an international organisation committed to improving the state of the world through public-private collaboration, brings together global leaders to shape economic, technological, and societal agendas. Cybervergent now joins this global community.
The company is recognized for its innovative approach to building digital trust, reimagining how organisations manage cybersecurity, risk, privacy and governance.
Commenting on the company’s milestone, Adetokunbo Omotosho, CEO of Cybervergent, said, “I am honoured that Cybervergent has been named a Technology Pioneer by the World Economic Forum. This is more than an accolade — it’s a validation of our commitment to redefining cybersecurity, privacy, and risk management to build true digital trust.
“What makes this recognition even more meaningful is the fact that Cybervergent demonstrates innovation in AI and infrastructure can emerge from any region, challenging conventional perceptions.”
Some past recipients of the Technology Pioneer recognition, including Google, Spotify, and Airbnb have gone on to fundamentally reshape global industries.
As a member of the 2025 Technology Pioneers community, Cybervergent will be contributing to discussions shaping cybersecurity, AI, and cyber resilience across industries and the global digital economy.
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