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Billboxx Founders Join 2023 Norrsken Accelerator Program

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Billboxx, a cutting-edge B2B SaaS company specializing in automating and simplifying the billing to payment workflow for businesses, proudly announces that its founders, Justus Obaoye and Abdulazeez Ogunjobi, have been selected to join the prestigious Norrsken Accelerator program for 2023.

Renowned as the world’s leading accelerator program for impact startups, Norrsken Accelerator nurtures innovative startups and provides them with the necessary resources, mentorship, and network to scale their businesses and create a positive impact in their respective industries.

The program, which will see 20 of the world’s most promising early-stage impact startups participate at an 8-week sprint in Stockholm, is known for its rigorous selection process, choosing only the most promising entrepreneurs who demonstrate exceptional potential.

Justus Obaoye and Abdulazeez Ogunjobi, the visionary minds behind Billboxx, have consistently shown a deep commitment to building enterprising innovative solutions across different industries – automotive (Carido and Fixit45), education (SimbiBot) and software test engine (Scandium).

Billboxx is on a mission to keep businesses in business by reducing the number of businesses that often fail due to delayed/late payments which consequently disrupt cash flow from operations.

By joining the Norrsken Accelerator, Obaoye and Ogunjobi will receive $125K upfront investment, gain access to an extensive network of seasoned unicorn founder/mentors, industry experts, and +100 top investors who will support them in refining their business strategy, enhancing their products and services, and expanding their market reach.

The program’s intensive curriculum, tailored to the specific needs of high-potential startups, will provide Billboxx with invaluable guidance and resources to accelerate its growth trajectory.

“We are thrilled to have been selected for the 2023 Norrsken Accelerator program,” said Justus Obaoye, Co-founder & CEO of Billboxx. ” We understand that billing and payment operations can be cumbersome and time-consuming for business owners or their finance teams and this is why we developed Billboxx.

“Our participation affords us a tremendous opportunity to learn from industry leaders and access the expertise necessary to scale our growth and impact world-wide.

“We are excited to collaborate with like-minded entrepreneurs and contribute to Norrsken’s mission of solving the world’s greatest challenges and fostering positive social change.”

Abdulazeez Ogunjobi, Co-founder & CTO of Billboxx, added, “Being part of Norrsken Accelerator aligns perfectly with our vision to become a leading enabler for the success, survival and sustainability of businesses.

“In doing so, we are confident that BillBoxx can create shared prosperity while stimulating growth and economic development across the continent.

“We are enthused that the program’s invaluable support and resources will enable us to scale our operations and make a lasting impact in the world of business beginning with Africa.”


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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Fines: Meta Threatens to Shut Down Facebook, Instagram in Nigeria

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Meta may shut down its Facebook and Instagram services in Nigeria in protest against the substantial fines imposed by multiple government agencies.

Fines: Meta Threatens to Shut Down Facebook, Instagram in Nigeria

The tech giant has been ordered to pay nearly $300 million in fines in Africa’s most populous nation, following regulatory demands which Meta described as “unrealistic.”

In July 2024, the Federal Competition and Consumer Protection Commission (FCCPC), imposed a $220 million fine on Meta for allegedly discriminatory and exploitative practices against Nigerian consumers.

The commission stated that Meta had failed to engage a Data Protection Compliance Organisation and had not submitted a Nigeria Data Protection Regulation audit report for two consecutive years.

Similarly, the Advertising Regulatory Council of Nigeria (ARCON), demanded $37.5 million over unapproved advertising, while the Nigerian Data Protection Commission (NDPC), announced a $32.8 million fine for an alleged data privacy breach.

Meta challenged the decisions at the Federal High Court in Abuja but was unsuccessful, as the court upheld the fines in a ruling delivered last week.

The court directed the company to comply with payment by the end of June, but Meta has indicated it may not do so, according to the BBC.

“The applicant may be forced to effectively shut down the Facebook and Instagram services in Nigeria in order to mitigate the risk of enforcement measures,” the company stated in court documents.

Responding to the NDPC’s assertion that Meta’s data processing could expose Nigerian users to health and financial risks, the company said the agency had failed to “properly interpret the laws guiding data privacy.”

 

 

 

 

 

 

 

 


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 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

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 Gbenga Adebayo, chairman of ALTON,
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Telecommunications services disrupted in Kogi State have resumed following a resolution of the dispute between MTN Nigeria and the state government, the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said.

 Telecoms Services Resume in Kogi State as Telcos, Govt Resolve Dispute

Gbenga Adebayo, chairman of ALTON, told TVC News that the issues that led to the shutdown of telecom masts in the state, primarily affecting MTN, had been addressed, paving the way for service restoration.

TVC News earlier reported that businessmen and women were counting their losses as they suffered the impact of a shut down of telecommunication service in Kogi State

Over the past two weeks, telecoms connectivity had been erratic, with competing brands experiencing glitches, particularly in the Lokoja metropolis.

The State government suspended the operations of some telecom services citing unpaid taxes and fibre-related dues.

The shutdown stemmed from a compliance dispute between MTN and the Kogi State Utility Infrastructure Management and Compliance Agency, which accused the telecom giant of violating operational rules and under-declaring the extent of its optic fibre network coverage in the state.

 


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Banks Settle ₦160Bn USSD Debt to Telcos, Ending Five-Year Dispute

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The protracted Unstructured Supplementary Service Data (USSD) debt misunderstanding between the Deposit Money Banks (DMBs) and telecommunications operators appears to have been resolved.

This was confirmed by the Chief Executive Officer of MTN Nigeria, Karl Toriola, Thursday, March 1, when he appeared on Arise TV to speak on the firm’s first-quarter 2025 result, where the telecommunications company reported over N1 trillion in revenue earnings.

Recall that the USSD debt had been a major issue between the DMBs and telcos and had lasted for about five years.

In the third quarter of 2024, the telcos had threatened to withdraw their service over the lingering debt, which was around N200 billion at the time. This led to the swift intervention of the Central Bank of Nigeria and the Nigerian Communications Commission (NCC), and an agreement was reached on payment.

As of November 2024, the NCC put the debt at N160 billion. However, earlier this year, when it appeared the banks were not forthcoming with payments, the NCC directed the telcos to withdraw the USSD services from debt-owning DMBs, where about 18 banks were listed.

This directive prompted the banks to look inward and start to comply with an earlier circular signed by the CBN and NCC, which articulated the payment patterns for the debt.

Speaking, on Arise TV this morning, May 1, Toriola confirmed that the matter has been fully resolved and that banks have made payments.

“I can confirm that the matter has been fully resolved. We have received payments in full. Special thanks to the CBN, NCC, the banks, and other stakeholders that intervened in the matter,” the MTN CEO stated.


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