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CEO of Trium Limited, Highlights the Future of Capital Markets @2024 ICMA FinTech & Digitalisation Forum

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Adebayo Adewolu, the Chief Executive Officer of Trium Limited, delivered key insights at the 2024 International Capital Markets Association (ICMA) FinTech & Digitalisation Forum, held recently in London.

L-R: Andy Hill, Co-Head of Market Practice and Regulatory Policy, International Capital Market Association (ICMA) (Moderator); Adebayo Adewolu, CEO, Trium Limited; Martin Hillebrand, Professor of Quantitative Methods, XU Exponential University of Applied Sciences; Stephane Malrait, Head of Market Structure and Innovation, Financial Markets, ING; Rowan Varrall, Associate Director, Digital Token Identifier Foundation; Emma Lovett, Credit Lead, Markets Distributed Ledger Technology team, J.P. Morgan, at the 2024 ICMA FinTech & Digitalisation Forum in London.

The event, which has become a prominent platform for industry leaders, explored the transformative role of technology in capital markets, bringing together top minds from across the globe to discuss the future of the industry.

Mr Adewolu participated as a panellist in a session titled “Will the new digital world ever fully replace the legacy market?”, where he was joined by experts from J.P. Morgan, ING, XU Exponential University, and the Digital Token Identifier Foundation.

Moderated by Andy Hill, Co-Head of Market Practice and Regulatory Policy at ICMA, the panel explored key themes such as the digital bond ecosystem, the integration of AI and machine learning, and the ongoing role of regulation in fostering technological innovation.

During the discussion, Adewolu offered a forward-looking view on the coexistence of legacy systems and emerging technologies.

He emphasised the opportunity for emerging markets to leapfrog traditional infrastructures, adopting advanced digital solutions more rapidly.

He stressed the opportunity for economic inclusion and democratisation of access to capital markets leveraging digital channels.

His remarks highlighted how technologies such as tokenisation and AI could potentially reshape capital markets by making them more efficient, transparent, and accessible.

The legacy markets will not disappear overnight, but what we’re seeing is a unique chance for markets, especially in Africa and other emerging regions, to bypass old systems and adopt digital infrastructure faster than more established markets,” Adewolu remarked during the session.

He also stressed the importance of human oversight in a world where automation is increasingly prominent. While AI and machine learning are becoming critical tools in areas such as risk management and trading, Adewolu noted that experienced professionals will continue to play a crucial role in interpreting data and ensuring market integrity.

The forum, which saw participation from leading institutions across the financial sector, also touched on the evolving regulatory environment.

Panellists underscored the need for a balanced approach that allows innovation to flourish while protecting market participants and maintaining investor confidence.

Closing remarks by Georgina Jarratt of ICMA and Emma Lovett of J.P. Morgan echoed the forum’s focus on the need for ongoing dialogue and collaboration as the capital markets sector navigates an era of rapid technological change.

The participation of Adebayo Adewolu at the ICMA FinTech & Digitalisation Forum signals Trium Limited’s commitment to staying at the cutting edge of digitisation initiatives in its markets. With the insights gathered from the forum, Trium is well-positioned to continue driving innovation in the sector.


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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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LG WashTower Stands Out as a High-Performance, Space-Saving Laundry Solution

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As global demand grows for sustainable living, energy efficiency, and minimalist design, companies are reshaping their product offerings to stay competitive and meet consumer expectations.

At the forefront of this shift in the home appliance market is LG Electronics with its cutting-edge WashTower – a high-performance, space-saving laundry solution designed for today’s urban households.

Boasting advanced features, large capacities, and innovative technology, the WashTower is more than just a washer-dryer combo – it’s a game changer for those seeking efficiency, smart connectivity, and excellent cleaning performance.

Ideal for compact spaces, the LG WashTower’s slim, vertical design fits seamlessly into small laundry rooms or closets without sacrificing performance. Standing at 1655mm tall and 600mm wide, it offers ample capacity—13kg in the washer and 10kg in the dryer – perfect for large loads like bedding or towels, all while saving valuable floor space.

The 2024 LG WashTower™ is a revolutionary solution that aligns perfectly with Nigeria’s vision for modern, sustainable living,” said Oktae Kim, Product Director, Home Appliance Division, LG Electronics Nigeria. “Its space-saving design and advanced features cater to the unique needs of our customers in the country, setting a new benchmark for laundry care.”

Unlike traditional stacked units with controls in hard-to-reach places, the LG WashTower™ introduces an all-in-one control panel designed to simplify laundry care. With the TurboWash 360, DUAL Inverter Heat Pump™ Dryer, Auto Cleaning Condenser, and LG ThinQ™ connectivity, the WashTower™ enhances functionality and convenience, meeting the demands of modern, fast-paced lifestyles.

Some of its most impressive features include:

Built-in Intelligence Takes Out the Guesswork

When it comes to doing laundry, one out of two consumers default to the Normal Cycle on their washers and dryers because they simply don’t know which to choose.

LG WashTower takes out the guesswork with built-in intelligence that uses sensors to detect fabric texture and load size, and then automatically selects the right wash motions, temperatures, and more for precision fabric care.

And it gets smarter: WashTower will even learn your preferred settings. Simply activate Smart Learner in the LG ThinQ® app, and it will remember your ideal wash temperature, spin speed, or dry level. With Smart Pairing™, the washer can even tell the dryer the right compatible drying cycle, making LG WashTower the ultimate laundry hack.

Help Remove Allergens in Fabrics

LG washers are the industry’s first to be CERTIFIED asthma & allergy friendly® by the Asthma and Allergy Foundation of America. The Allergens™ wash cycle goes beyond everyday cleaning, using the gentle power of steam to remove common household allergens in fabrics by more than 95 percent.

In addition, LG TurboSteam™ technology in the dryer helps sanitize and refresh clothes in between washes as well as children’s toys, decorative pillows and more.

Exceptional Cleaning and Drying Performance

With steam function in the washer and heat pump in the dryer, the WashTower effectively sanitizes clothes and removes wrinkles, which is a boon for those with allergies or sensitive skin.

Its durable, never-rust stainless steel drum ensures long-lasting reliability, and the absence of an agitator means it’s gentle on delicate fabrics. The dryer starts to preheat before the end of washing, so drying takes less time. With the Dual Inverter Heat Pump™, an energy-saving way to dry, the dual cylinders allow for faster drying and energy saving.

Laundry Made Better – for You and the Planet

Designed with energy efficiency in mind, the LG WashTower includes energy monitoring capabilities, helping consumers save money while helping the planet. ENERGY STAR certified washers and dryers use 25 percent less energy and 33 percent less water than traditional models.

Verdict: A Smart, Stylish Choice

The LG WashTower stands as a top contender in the world of washer-dryer combos, offering a perfect blend of technology, performance, and space-saving design. With no drawbacks, the WashTower’s overall functionality, energy efficiency, and convenience make it a strong choice for families and individuals alike.

If you’re looking for a washer-dryer combo that combines smart technology with stylish design, the LG Wash Tower is a reliable, high-performing option.

The LG WashTower™ strengthens LG’s position as a leading innovator in the home appliance sector. With its cutting-edge technology and user-friendly interface demonstrates LG’s dedication to shaping the future of home appliances. It’s more than just a product – it’s a testament to LG’s vision of bringing convenience, efficiency, and sustainability into every home.

 

 


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Tariff Must Increase or ‘MTN Will Shut Down’ – Toriola

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MTN Nigeria, the largest telecom operator in the country, has raised alarms over a potential shutdown if tariffs are not increased to address rising operational costs.

Olatokun Toriola, Chief Executive Officer (CEO), MTN Nigeria

The company’s Chief Executive Officer, Karl Toriola, issued this warning on Monday during a tour of MTN’s facilities by Fellows of the Media Innovation Programme in Ibeju-Lekki, Lagos.

Toriola, who oversees about 78 million subscribers, highlighted that the telecommunications sector is facing severe financial strain, especially from escalating diesel prices required to power base transceiver stations. “There should be no delusion; if the tariff doesn’t go up, we will shut down,” he said, underscoring the urgency of tariff adjustments to reflect current economic realities.

The CEO noted that MTN, which has invested N2.6 billion in corporate social responsibility, according to its 2023 Sustainability Report, is currently operating on profits accumulated over two decades. However, he stressed that this is unsustainable. “We must return the industry to profitability,” Toriola emphasized, adding that the company’s reserves are depleting.

Earlier this year, telecom operators called for the first tariff hike in 11 years, citing the need to manage rising costs and maintain service quality. Without such an increase, they warned, the financial viability of the sector, along with service standards, would continue to decline.

Toriola also pointed out that MTN, once one of Nigeria’s top corporate taxpayers, has seen its tax contributions decline due to the financial challenges. In the first half of 2024, MTN reported a staggering N519.1 billion loss, largely attributed to foreign exchange losses from the naira’s devaluation and high inflation.

In addition, Toriola revealed that MTN may suspend Unstructured Supplementary Service Data (USSD) banking services due to a N250 billion debt owed by Nigerian banks.
“We are seeking regulatory approval to halt support for USSD services used for banking transactions unless the debt is resolved and tariffs are adjusted,” he said.

Despite the challenges, Toriola expressed optimism that the new Central Bank of Nigeria Governor, Yemi Cardoso, and the Executive Vice Chairman of the Nigerian Communications Commission, Dr. Aminu Maida, would step in to help resolve the financial crisis.

He concluded by urging swift action from the government and regulators, stressing the critical role the telecom industry plays in supporting Nigeria’s economy.


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Zarttech Reaffirms commitment to Foster Digital Skills Among Nigerian Youths

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As part of its goal of promoting digital literacy in Nigeria, Zarttech has held its yearly Zarttalent Summit aimed at empowering young people to take up and explore opportunities inherent in the Technology sector.

Group picture of participants at the Zarttalent Summit held on Thursday in Lagos.

This year’s summit themed: “How To Win With Tech” was held at the firm’s brand-new state of the art office located at Ago Palace Way, Okota, Lagos.

Mr. Nelson Ajulo, Chief Executive Officer (CEO) Zarttech, speaking at the event said that the aim of the summit is to help young Nigerians acquire digital skills needed to become self-reliant as well as give them the opportunity to compete favourably with their contemporaries in the global tech ecosystem.

According to him, the summit is part of Zarttech’s ongoing commitment to driving social impact and fostering innovation among Nigerian youth, with the purpose to catch them young.

He said that the programme in its fifth year is to create awareness on the future of labour force in Nigeria and globally.

“And part of the biggest problem that I have seen within the Nigerian economy, also for my PhD research is that these children or the average Nigerian, does not even know what they need to study.

“They don’t know what the economy or what the employer wants, or what the job market needs in the labour market, so they go to school to study without even knowing the end result.

“Which would be that they are able to obtain a certificate that actually says that they are an amazing employee to be hired.”

According to him, when they go and invest the time, invest the resources of their parent on an unintentional intent, and then they also learn something that was not It’s not of great value, then it is redundant, like wasted time and wasted resources.

He noted that it’s really crucial that children and youths are aware of this understanding and that the Summit has created that awareness.

During a panel session titled: “Navigating Tech Career from the Inside” experts majorly from Zarttech team stressed the need for young Nigerians, particularly secondary school students to take up digital skills irrespective of what they aim to study in school.

Oreoluwa Adesanya, Zarttalent Data Analyst Tutor, encouraged students particularly those at the summit to embrace tech as a career. She narrated how she transitioned from studying medical laboratory science in school to becoming a data analyst.

Also, Babatunde Shodeinde, Head of Design at Zarttech, who also transitioned to tech sector after graduating in a different background in school charged the students to start now, adding that their young age is a huge advantage for them to achieved whatever they set their minds to in the ecosystem.

According to him, “you are still very young and there’s no limit to what you can achieve. If there’s better time to start, it’s now. Trust me I know people younger than you people here, I know seven-year old’s learning programming, learning design, learning data and so on. The age in which you’re in right now there’s just so much information out there, so much resources for you to experiment with.”

Speaking at the summit, Mrs Sonia Fajusigbe, Policy Advisor Entrepreneurship Youth Employment and Healthcare Consulate General of the Netherlands in Lagos encouraged youths on the effective and efficient use of technology to their advantage.

Fajusigbe said that there are so many opportunities in the technology ecosystem for the youths to harness as entrepreneurs and innovators.

According to her, our climate in Nigeria is very interesting and with limited opportunities but one can make the best opportunity out of it.

“Data is gold, you have phones, install Britannica it is for student in high school and elementary schools basically for research, it will help you.

“If you do that, you will not go out of scope and remain within the scope, and I would like everyone to take this with them.

“It says self-discipline is what separates winners and the losers, when you are not disciplined, you are just among the crowd.

“It is when you are self-disciplined, you have a goal in front of you and focus on it.”

Fajusigbe said that youths should try as much as possible to ensure consistency in that discipline and when consistency is mixed with discipline one would achieve a whole lot.


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