Telecom
Technext Rallies Blockchain Stakeholders on the Future of Digital Currencies @ Africa’s Largest Cryptocurrency Gathering in Lagos

Technology news platform, Technext, held the maiden edition of its Technext coinference on Thursday, December 9th at the Pistis Conference Center in Lekki, Lagos.

During a Panel session themed ” Blockchain: Opportunities for Africa” at the event on Thursday, in Lagos.
The event, with the general theme “Reimagining crypto as the future of finance,” gathers brilliant minds in the Nigerian blockchain sector to have essential discussions about the future.
David Afolayan, Content chief at Technext, in his opening address reiterates that it is important to have such a conversation around digital currencies as it is the new approach to trade and central to our survival.
“We need instruments to achieve conveniences, and trade is that instrument. Trade has taken different forms, and now we are lucky to be at the foothold of that change where digital currencies are replacing fiat money and we can transact without borders. ” – Content chief at Technext, David Afolayan,
He also noted that the rules guiding trade many years ago are no longer applicable and many people are not finding that convenient. To address these concerns, innovators, enthusiasts, and regulators need to have a conversation, one that the event provides.
The hybrid event brought together individuals and institutions from across Nigeria and beyond. Stakeholders and individuals from regulatory bodies were also present at the event.
Giving a keynote address at the event, Prince Clem Ikanade Agba, minister of state budget and national planning, stated that the event captures the mutual desire of the government and its citizens to explore innovative methods towards economic recovery, growth, and development.
According to the minister, the government remains enthusiastic about the numerous possibilities the crypto industry provides despite the seemingly growing restrictions.
“So far, I hope I’ve demonstrated that both citizens and governments see the benefits of cryptocurrencies and share a mutual belief in them.
“I believe it is crucial for all stakeholders to view each player as a key teammate in forging a path toward a healthy crypto space in Nigeria. ”
He noted that cryptocurrencies could be the biggest disruptor in finance and governance the world has ever witnessed. However, the government needs to regulate the industry.
Regulations of the industry don’t mean “a giant hammer slamming down on the activities going on in an industry,” but rather to optimize conditions for growth, tailored towards the industry.
The event also had insightful takes from enthusiasts and innovators in the blockchain industry who addressed lingering questions and myths around the sector.
The first panel discussions involved Uzoma Dozie, CEO of Sparkle; Buchi Okoro, CEO of Quidax; Dickson Nsofor, CEO of Korapay; Austin Okere, CEO of CWG; Nkemdili Uwaje, CEO of Future Software; and Chimezie Chuta, Founder of the Blockchain Nigeria User Group.
The session was focused on untying the regulatory knots in the space, and a key idea that was mentioned by all speakers was the pace at which cryptocurrency is changing the financial system.
A panelist, Uzoma Dozie, spoke about the difficulties of scaling crypto because it is currently one of the fastest payment systems in the world.
He reiterated that the Nigerian CBDC, enaira, is not going to compete with card payments. It will only be one of the many available payment systems.
Buchi Okoro, CEO of Quidax, elaborated that the central bank’s development of eNaira is a step towards meeting stakeholders halfway and will encourage digital liquidity.
He explained that in the same way that WhatsApp can’t replace hugs and physical interactions, cryptos can’t replace fiat cash. Both currencies can only collaborate to bring better lives to the people.
Patricia’s CEO, Hanu Fejiro Agbodje, giving the keynote speech on Blockchain for Africa: The endless possibilities illustrate how Michael Faraday did not envisage that one day, Elon Musk would use his creation, electricity, to power his electric vehicles.
According to him, the world is still in its very early days of blockchain technology. It is one that people will constantly try to understand and use in various ways into the unknown future.
“We have been succeeding in this industry with zero support. Imagine if we got support from the government. He concluded by saying, “We can win and we will win as long as we continue to strive,”
The second panel comprised experts like Emmanuel Babalola, Africa Director at Binance and Interim CEO of Bundle; Modibe Matsepena, Senior Associate of Growth in Africa at Paxful; Founder of Aza Pay, Jacqueline Madu, and Bitmama CEO, Ruth Iselema.
Owing to the popular belief that crypto transactions are not traceable, users wanted to know the veracity behind that claim.
Buchi Okoro replied that Bitcoin is not anonymous. Bitcoin is pseudonymous.
“When you track patterns on ether scan and blockchain explorer, you can actually see every transaction that’s happened on the blockchain up until the very first production of that bitcoin,” he says.
Further highlights from the event were the brand moments, where institutions in the crypto scene gave insights into their various innovative products aimed at making the Nigerian blockchain industry a success.
Most of the conversations from the event centred around regulations and what the future holds for the crypto space in Nigeria.
Telecom
Vitel Wireless, Nigeria’s First MVNO to Launch Operations This Quarter

Vitel Wireless, a mobile virtual network operator (MVNO), which recently made history as the first operator in Nigeria to be allocated a mobile number series by the Nigerian Communications Commission (NCC) is set to launch operations this quarter.
This is sequel to announcement by Wireless Technology Labs (WTL) that t has built the network of Vitel Wireless, and enabled overseas roaming, in preparation for Vitel’s launch.
Vitel Wireless, which is headquartered in Lagos, was licensed by the NCC in 2023 and will be the country’s first MVNO.
Its launch is set to shake up Nigeria’s telecoms market with Vitel offering an alternative to the services of the country’s four major operators—MTN, Airtel, Globacom and 9Mobile.
Vitel’s network will go live in Nigeria’s major cities first and then expand nationwide.
Pricing will be competitive for basic services like voice, SMS and data and Vitel will also focus on value added services like location-based services (LBS) and IOT.
Vitel Wireless is building Experience Centres in Lagos, Abuja, Enugu, Port Harcourt, Kano and Nigeria’s other major cities where customers can purchase SIM cards.
In addition, Vitel is building a distributor network with SIM cards available through retail channels and online subscriptions using eSIMs.
WTL has already completed the integration of Vitel’s infrastructure with the network of a major MNO and has also enabled international roaming using its proprietary advanced core systems.
This means that Vitel will be able to launch as soon as the NCC approves its network and operational model.
Kenneth Nwabueze, CEO of Vitel Wireless, said “We are going to be offering innovative solutions beyond what the big four operators who have dominated Nigeria’s telecoms market are currently offering. We are investing heavily in our operations, and our work with WTL will enable us to launch in Q2, 2025”.
WTL, which is headquartered in Belgium, has been active in Nigeria and across Africa for more than 20 years working with operators of all sizes to rollout both urban and rural networks. Its work has garnered widespread recognition and industry awards.
WTL has already enabled the networks of two of the 46 new MVNOs licensed by the NCC, and recently announced that it is working with Nigeria’s first Mobile Virtual Network Enabler (MVNE) which is constructing new mobile network infrastructure to provide capacity for emerging MVNOs through its Platform as a Service (PaaS) model.
Mr. Satya Mekala, CEO of WTL, said, “I congratulate The NCC for licensing new operators to improve competitiveness, increase rural coverage and drive the adoption of digital services including Fintech, Edtech, Agriculture, IOT and more. I further thank Vitel for giving us the opportunity to showcase our advanced core technologies and wish them great success in becoming the first ever MVNO in Nigeria”.
Telecom
ipNX Partners NCC to Deepen Broadband Penetration

ipNX, Nigeria’s leading information and communications technology company and connectivity provider is collaborating with the Nigeria Communications Commission (NCC) to explore opportunities for further growth and development policy alignment in support of the Federal Government of Nigeria’s broadband penetration and digital transformation agenda.
The company recently visited NCC at it Abuja office to strengthen the collaborative relationship between both institutions.
The delegation from ipNX, which was led by Ejovi Aror, group managing director, was received by Dr Aminu Maida, executive vice chairman/chief executive officer, Nigeria Communications Commission.
During the visit, the discussions focused on the current state of internet access in Nigeria, the myriad of challenges being faced by service providers, including but not limited to vandalism of key infrastructure and right of way, as well as the regulatory landscape.
The engagement highlighted the shared vision of both institutions to bridge the digital divide and empower Nigerians through reliable and affordable internet connectivity.
As a leading player in Nigeria’s ICT sector, ipNX reaffirmed its unwavering commitment to the realisation of the National Broadband Plan, which aims to achieve 70% broadband penetration this year.
With over two decades of pioneering innovation within the sector, the company has consistently demonstrated resilience across different economic cycles without compromising quality of service and affordable pricing.
Commenting on the visit, Aror, stated, “Our engagement with the Nigeria Communications Commission is a positive step towards shaping the future of telecommunications in Nigeria. At ipNX, we believe that active collaboration with regulators and other key stakeholders is critical to achieving the development targets outlined in the National Broadband Plan. We are proud to continue playing a pivotal role to drive broadband penetration and ensure that every Nigerian, irrespective of their location, has access to the transformative power of the internet.”
The meeting also emphasised the importance of policy alignment and regulatory frameworks that enable innovation, investment, and sustainable growth in the telecommunications sector.
As Nigeria continues to make strides in its digital transformation journey, ipNX stands ready to leverage its expertise, infrastructure, and partnerships to support the realisation of the government’s broadband penetration objectives.
The company remains dedicated to empowering individuals, businesses, and communities through cutting-edge technology and unparalleled connectivity solutions.
Telecom
Truecaller Surpasses 450m Users, Expands Global Reach

Truecaller, the popular caller identity app, announced that it surpassed 450 million users earlier this week, expanding it’s global reach.
The company added 50 million users in the past 10 months, including 15.5 million since the beginning of 2025.
Leadership Changes and Market Expansion
India remains Truecaller’s largest market, a factor reflected in the company’s recent leadership decision.
Following the decision of its co-founders to step back from daily operations last year, Truecaller appointed Rishit Jhunjhunwala, previously the Chief Product Officer and MD of India operations, as the new CEO.
While India continues to be a key market, Jhunjhunwala noted that the company is seeing rapid growth in other regions.
“We are proud that we now serve more than 450 million users globally. As before, we continue to see steady growth in our largest market, India, but the fastest relative growth is in markets outside of India.
“So far in 2025, we see strong growth trends in Latin America, South Africa, Kenya, Nigeria, Malaysia, and the US,” Jhunjhunwala wrote in a blog post.
Regulatory Challenges in India
Despite its dominance in India, Truecaller faces potential challenges as the country’s telecom department pushes for mobile carriers to implement a government-backed caller ID system.
This move could introduce competition to Truecaller’s services in one of its most crucial markets.
Financial Performance and Market Position
Truecaller maintained an active user base of nearly 430 million throughout Q4 2024. The company reported strong financial results for the quarter ending in December, with:
Net sales increasing by 23% year-over-year
Profit after tax rising by 29%
Stock price up more than 33% year-to-date
Product Enhancements and AI Integration
Earlier this year, Truecaller improved its caller ID functionality for iOS, overcoming previous limitations imposed by Apple’s operating system.
The company has also been expanding its offerings beyond caller identification by introducing:
Call recording and transcription features
An AI-powered assistant for call screening
Enhancements to its SMS and chat functionalities
With these advancements, Truecaller aims to solidify its position as a comprehensive communication platform while navigating competitive and regulatory challenges.
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