Telecom
Heritage Bank Partners Xplo-Sound, Adopt Ynspyre to Propel Growth in Entertainment Industry

Heritage Bank has disclosed plans to further adopt Ynspyre, a digital product to help cater and deepen support for professionals and amateurs for the creative and entertainment industry’s growth.
The bank stated that in a bid to further expand its reach by connecting with more groups that align with its digital banking product vision, it has partnered Xplo-Sound owned by Laolu Gbenjo, a multi-talented recording live performing artist.
This was revealed by Titilayomi Babaoye, Group Head, Inclusive Banking, Heritage Bank during Gbenjo’s Concert for Life gratitude celebration.
She explained that to help create an incentive-based ecosystem, the Bank has continued to partner with organizations like Silverbird amongst others.
Babaoye said “as a forward-looking financial institution, its strength lays in the ability to spot and mould talents into great professionals.”
She noted that the Ynspyre product was established to train, nurture and arm young employees with the right skills needed to fast-track development and enable talents to flourish.
She further explained that the aim of Heritage Bank being at the forefront of empowering youth in the entertainment and other sectors, is to emancipate the latent entrepreneurial spirit in the teeming youths to unleash their contributions on the growth of the economy.
The CEO, Gbenjo, during the Concert for Life Gratitude celebration, expressed readiness of Xplo-sound to collaborate Heritage Bank on its digital product, Ynspyre to propel the growth of creative industry, through the supporting young talented Nigerian artists.
“I am aware Heritage Bank has a product for the creative industry called Ynspyre, I am happy to work with Heritage Bank to promote this product so that the young talented Nigeria artist can access it.
He added that beside the funding, the young artists need the Bank’s advisory Midas touch in areas like financial literacy and entertainment mentorship
You begin your journey by opening an Ynspyre account via the product website: https://ynspyreng.com/#/. Select “Open an Ynspyre Savings Account” and enter your details.
Ynspyre Accounts come in three variants: Ynspyre Classic Current Account (N5000 Minimum Account Opening Balance). Ynspyre Extra Current Account (N10,000 Minimum Account Opening Balance). Ynspyre Savings Account (N5000 Minimum Account Opening Balance). You stand a chance to win a 3-month media internship position with allowances and potential employment at the Silverbird Group, a leader in Nigeria’s media and entertainment industry.
You gain access to a special N1,000,000,000 (One Billion Naira only) lending facility from Heritage Bank to fund your creative business.
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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