General News
Affordable Smartphones, Tablets Answer to Broadband Penetration
Two recent polls by independent international ICT agencies have confirmed long held views that Nigerians are very resilient and are moving towards meeting global competitiveness inspite of government’s indifference towards upgrading the nation’s poor IT infrastructure. A survey by Zoomsphere shows that South Africa, Nigeria and Egypt top Africa’s LinkedIn subscription put at about 5.7 million. Statistics from the agency shows that there are lots of opportunities for growth for LinkedIn in the continent. LinkedIn statistics put figures from the countries on the professional social networking site as South Africa 1, 700, 672, Nigeria 656, 528 and Egypt 543, 699. Perhaps viewed against the backdrop of factors like literacy level and infrastructure adequacy, one would surmise that Nigeria was making giant strides in citizen education. At the 2011 Microsoft’s global Imagine Cup competition, Nigeria didn’t fare as much as Egypt and that despite the latter’s social upheaval that led to deposition of long term president Hosni Mubarak. In an earlier survey by Alexa.com, Egypt, South Africa and Nigeria also topped the continent’s facebook user account. Egypt registered 9 million users on the social networking site which continues to be a favourite in Africa. South Africa ranks second with 4.8 million users and Nigeria 4.3 million. But it is evident that with the mobile broadband explosion in the country, it is just a matter of time before Nigeria overtakes both nations using its huge population advantage as evidence in the mobile phone revolution. According to Alexa.com 3.2 million Users in these three countries were added to their combined 18.1 million in the last six months alone. Nigeria faces huge infrastructure challenge including public power supply, broadband penetration amongst others. Despite the huge mobile phone customers base put at over 110 million and the landing of two submarine fibre optic cables to the country in 2010, Nigeria still lacks in critical telecom infrastructure development in much of the country. For example, the two privately owned undersea cables, MainOne and Glo1 systems are only effective in Lagos commercially. “There has to be a government assistance to take the fibre up country from Lagos. We have landed the fibre in the shores of Lagos, but it will cost huge financial investment to take this infrastructure to the hinterlands,” said Ms. Funke Opeke, CEO of MainOne. Sunil Mittal, chairman and managing director of Bharti Airtel noted that for countries in sub-Saharan Africa like Nigeria, the answer lies with cheap tablets to spur adoption of the fast evolving technological trends. Mittal who spoke at last weeks’ mobile world congress (MWC) in Barcelona, Spain advocated that OEMs should focus on bringing down cost of tablets and smartphones to enable access in emerging markets like Africa and India. The Airtel chief recommended retain tablet price range of about $50 to give these markets access. He was speaking from a position of customer point of view from a poor market economy, not necessarily as an operator who aims for the profit alone. Both the India sub-continent and sub-Saharan Africa have a common bond of poverty and Mittal understands. While stating that smartphone market penetration in India accounts for about five per cent, he lamented that the need for affordable access to mobile broadband was even more pressing in Africa than on the sub continent. He believes cheap and affordable devices would increase mobile penetration and capacity building in both markets. “We are seeing tremendous uplift in the data usage in the developing world. The problem is on the devices side. We need to be able to build very affordable smartphones.” “The cost of operations in Africa is very high. We can’t bring the tariffs down yet. In India the first dollar goes on phone and then the next goes on telephony. In Africa, any savings on telephony will go into food.” The high point of Mittal’s speech was his recognition of the fact that Africa lacks the critical transformational middle class. India, he stated has a subsidized middle class which takes the heat off the wealthy. This contrasts with Africa where you are either very poor or wealthy! The advantage of mobile broadband was quite evidenced in the 2011 Arab Spring revolutions that witnessed age hold political dynasties dethroned in Tunisia, Egypt and Libya. Nigeria had a taste of this new media ascendency last January when masses of people converged on major streets across the nation in carnival moods and shutting down the economy over a period of seven days following government’s announcement of increase in fuel pomp prices. The government was forced to backpedal midway when it became apparent the people would precede to totally shutdown the entire petroleum production process if it did not soft pedal. The outcome was hailed as victory for people’s power and triumph of democracy. But more than democracy and people’ power, what took place in Nigeria last January was a triumph of the emerging mobile broadband evolution in Nigeria. Due to the dearth of critical telecom infrastructure in the country, much of the acclaimed 40 million internet subscriptions are mobile driven. And here the call for cheaper tablets and smartphones becomes even more critical. The Nigerian PC OEMs have been challenged by no other than the Qualcomm managing director for West Africa, Alex Dadson to begin the process of producing tablets locally. He believes local production of tablets would drive down cost, generate employment and fast track the learning process in the education sector. Again, nobody talks about what government could do because the government isn’t just responsive to the people it claims to govern.
General News
FG to Launch Fully Digital Expatriate Residence Permit Application Portal August 1

The Nigeria Immigration Service (NIS) has announced the rollout of a fully digital application system for the Combined Expatriate Residence Permit and Aliens Card (CERPAC).
The new online portal, https://cerpac.immigration.gov.ng, will become the exclusive platform for submitting CERPAC applications from August 1, 2025.
According to NIS, the digital migration is part of the Federal Government’s broader initiative to reform the immigration system by promoting transparency, improving operational efficiency, and enhancing the overall user experience for expatriates and organizations interacting with the Service.
In a press statement signed by A.S Akinlabi, Service Public Relations Officer, the NIS disclosed that manual or physical CERPAC forms will be completely phased out by July 31, 2025.
It noted that after this date, all applications must be submitted exclusively through the online portal.
The Service has advised applicants who have paid for physical forms but are yet to complete the submission process to do so on or before July 31, 2025, warning that any unsubmitted applications after the deadline will be deemed invalid, and associated payments may be forfeited.
Companies and individuals assuming Immigration Responsibility (IR) for expatriates have also been urged to ensure that all outstanding applications are finalized within the stipulated timeframe, to avoid potential delays or administrative setbacks.
“This digital transition marks a critical milestone in our effort to simplify processes and serve the public better,” the statement reads.
The NIS urged members of the public to direct all inquiries and correspondence regarding the new digital process to the office of the Public Relations Officer at the Service Headquarters in Abuja.
General News
Moniepoint Named Among World’s Top Fintechs by CNBC


Tosin Eniolorunda and Felix Ike
Moniepoint joins a select group of leading fintech players recognised for their financial performance and success across 2023-4. The list – compiled by CNBC in conjunction with market research firm Statista – follows analysis of key performance indicators, such as revenue growth, transaction volume, employee headcount, and capital raised. The result is a diverse group of 250 trailblazing fintech companies.
Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt Inc.) has been instrumental in advancing financial inclusion across Africa – especially for individuals and businesses operating in the informal economy, underserved by formal and traditional institutions.
The Company services 10 million+ customers through its comprehensive, integrated ecosystem of digital banking, credit, payments, and business management tools, and processes over one billion transactions monthly with volumes exceeding US$22 billion.
The accolade follows recent milestones for the Company which reiterate Moniepoint’s commitment to innovation and widening access to the formal financial system.
Notably, Moniepoint expanded its offering to Africans in the international diaspora via the launch of the MonieWorld platform. MonieWorld offers seamless remittance and digital financial services capabilities to individuals in markets such as the UK; the first time the Company has provided services to consumers outside Africa.
In June, Moniepoint was named in the TIME100 Most Influential Companies list for 2025, highlighting the Company’s extraordinary impact. Moniepoint has also been recognised by the Financial Times for three consecutive years as one of Africa’s fastest-growing companies, reflecting its remarkable revenue growth and business expansion; and by CB Insights in the Fintech 100 list, highlighting the Company’s status as one of the world’s most promising private fintech companies.
Tosin Eniolorunda, Group CEO of Moniepoint Inc., said: “It is an honour to be named as one of the world’s top fintech companies by CNBC. Moniepoint’s inclusion in this prestigious, authoritative list is testament to the hard-work and success of the entire team while highlighting our emergence as a key player shaping the future of fintech worldwide.
“Our mission to power the dreams of millions of African entrepreneurs and businesses continues to propel us forward with renewed vigor. As we continue to scale, we remain committed to driving global financial inclusion and widening access to economic opportunities for Africans everywhere – transforming lives and livelihoods.”
CNBC’s list of the world’s top fintech companies was launched in 2023 to identify global market leaders in technology-driven financial services. The list, which includes companies operating across various regions and market categories including banking solutions, digital assets, and payments, highlights the dynamic and rapidly evolving FinTech industry, offering readers, investors, and stakeholders a comprehensive overview of the leading players across various segments.
General News
Wema Bank Plans N2M Grant to Empower Women

Innovative financial institution and pioneer of Africa’s first fully digital bank, Wema Bank, has reaffirmed its commitment to advancing women’s empowerment by partnering with the SheCan Conference for the fifth consecutive year.
The collaboration has announced it would empower women with N2 million grant during the 6th edition of SheCan 6.0. conference, that will be held on July 18, 2025, at Balmoral, Federal Palace Hotel, Lagos.
The event is expected to host over 7,000 women under the theme “SheCan Do More.”
Announcing this partnership, Wema Bank through its women-focused platform, SARA by Wema, said it will be awarding ₦2 million in business grants to support women entrepreneurs within the SARA Community.
This grant is to support small and medium businesses within the SARA Community to scale up their business.
Ayodele Olojede, Head, Retail and SME Banking at Wema Bank, said, “Wema Bank is committed to empowering women entrepreneurs by providing the financial backing, tools, training, and networks they need to scale sustainably. Year after year, we’ve seen the incredible ripple effect that access, and opportunity can create in the lives of women and their communities.
“Through SARA by Wema, our goal is to create an environment where Nigerian women can dream bigger, build stronger, and lead the economy with confidence. This partnership with SheCan is a statement of belief in the power of women to transform society.”
“This year’s partnership represents more than sponsorship; it is a tangible investment in helping Nigerian women build sustainable businesses, scale their impact, and contribute meaningfully to economic growth.
“Eligible applicants must be women-led businesses with active Wema Bank accounts and must be registered members of the SARA Community.
“Interested participants are required to submit a written pitch of no more than two pages, detailing their business and founder story, the problem being solved, target audience and competitive advantage, proposed use of the grant, and the expected outcomes and community impact. Entries must also include the applicant’s Wema Bank account number, full name, and the email address used to join the SARA Community.”
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