Telecom
Indo-Africa ICT Expo, Nigeria to Cooperate with India on ICT – Minister
Barr.Adebayo Shittu, Minister of Communications has assured of Nigeria’s readiness to forge closer cooperation with India, to achieve meaningful growth in the ICT sector.
Shittu made this known in Abuja while briefing newsmen about the proposed 4th edition of the Indo-Africa ICT conference and expo organised by Indian High Commission.
This year’s edition is scheduled to hold from May 22 to May 23 in Lagos.
According to the Minister, this expo is very important because its being organised at a time Nigeria had made investment in its ICT at the front burner.
Adebayo said “Nigeria being the fastest growing ICT market and with a young population that have capacity and innovative mind, we stand to partner and learn from India.
“The Federal Government’s campaign on encouragement and patronage of locally produced goods and services is on course.
“Government also put the spotlight on local manufacturers when, via three strategic executive orders, it compelled MDA’s to channel at least 40 per cents of procurement to locally-made goods and services.
“This expo will enable Nigeria’s start-ups, entrepreneurs and businesses to form partnerships with their foreign counterpart and pitch innovative creations for public/commercial acceptance.
“Government is more than ever before prepared to patronise made-in Nigeria goods, instead of buying foreign products, to grow faster and stimulate economic growth.”
Adebayo urged Indian investors to key into the numerous untapped resources and huge potential market in the country, to promote business cooperation between the two countries.
He described Nigeria to be among the fastest growing markets in African and by extension the world that had improved in macroeconomic indicator, comfortable business environment and population.
He, however, reiterated that the nation’s policy thrust is to step with reality of digital and fourth revolution, create viable environment for investment in network infrastructure.
Earlier, the High Commissioner of India to Nigeria, Mr Shri Reddy, said that the Third edition of the event took place in Lagos in September 2017
According to him, the holding of the 4th edition of the expo is reflective of commitment of India to engage with African countries, to promote use of ICTs in national economic development.
Reddy said “the choice of Lagos for this event for a second time is a recognition of the vast potentials that exists in Nigeria.
“It is also because of the nation’s importance as gateway to the West-Africa and other parts of the continent.”
He said that India and Africa would forge closer cooperation in an effort to accelerate growth in ICT with the view to boost economies through the use of advanced technologies and services.
He said that ICT would provide business opportunity for local entrepreneurs to pitch their solutions and products to over 50 Indian companies expected to attend the forthcoming event.
The expo is an initiative of Telecom Equipment and Services Export Promotion Council (TECP), an organisation set-up by government of India, to promote telecom services.
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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