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General News

IXPN Rallies Stakeholders on Border Gateway Protocol 

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Attendees in a recent capacity building on Border Gateway Protocol (BGP) organized by the Internet Exchange Point of Nigeria (IXPN) for its member organizations described it as an eye-opener in terms of localizing traffic and growing the Internet ecosystem in Nigeria.

They noted that the training affords them the opportunity to have knowledge of new global trends, and best practices in the interconnectivity of networks, particularly when it comes to peering with an Internet eXchange Point (IXP).

“The Border Gateway Protocol training with IXPN was informative and I learned some new things when it comes to peering with an internet exchange point,” said one of the participants, Philip Omugbe, IP Engineer at Hoop Telecoms Limited.

According to them, the training bridges the knowledge gap that exists within the Internet ecosystem, as they can now gain a proper understanding of how the Border Gateway Protocol works and how they can fully utilize their connectivity to the exchange point for maximum impact.

The training came at an ideal time for Bunmi Adeleye, GM Technical Operations, Syscodes Communications Ltd, because many network operators and engineers are unfamiliar with the workings of the Internet Exchange Point.

“The training was quite hands-on, interactive, and expository as there were practical live LAB sessions. Many thanks to the IXPN team, and I hope they sustain the momentum,” he said on the sideline of the training that took place at the IXPN Academy located at its corporate headquarters in Lagos.

Meanwhile, Mr. Muhammed Rudman, Chief Executive Officer of the Internet Exchange Point of Nigeria (IXPN), described Border Gateway Protocol (BGP) earlier in his opening remarks as a gateway protocol that allows the internet to exchange routing information between autonomous systems (AS).

He went on to say that the BGP training is a value-added service provided by IXPN to its member organizations and other stakeholders.

He stated that the training is necessary because the dynamics of the Internet ecosystem are changing. As a result, it is only natural to educate member organizations and other sector stakeholders on current technology trends and best practices, particularly as they relate to connectivity to the eXchange Point.

“The goal of today’s training is to provide members of the Internet eXchange Point of Nigeria (IXPN) with the fundamentals and workings of Border Gateway Protocol (BGP), which is critical to us as a one-stop peering point for service and content providers,” he said.

He also revealed that capacity building for its members will be carried out across Nigeria, having previously done so in Kano and Lagos. According to him, the next bus stop will be Abuja, followed by Port Harcourt later this year.

In recent years, IXPN has established eight Points of Presence (POP) across Nigeria in an effort to keep Internet traffic local and, ultimately, reduce capital flight. While four are in Lagos, the other four are in Abuja, Port Harcourt, Enugu, and Kano. The Lagos POP connects to each other as well as the POPs in the other four cities in an effort to reach the unserved and underserved.


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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

General News

Nigerian Tech Prodigy sets World Record with Smallest GPS Tracker

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Young Nigerian tech genius, Oluwatobi Oyinlola, has developed the world’s smallest GPS tracking device, a prototype measuring just 22.93 x 11.92 mm.

Recognised by the Guinness World Records, the device was created at the prestigious Massachusetts Institute of Technology (MIT), USA, on April 27, where he is employed as a researcher.

It has been hailed for its potential across industries, from logistics and personal safety to medical devices and wildlife monitoring.

Nigeria’s President Bola Ahmed Tinubu celebrated the feat in a post on X, praising Oyinlola for showcasing the ingenuity of the West African country’s youth. “You have just shown the world that Nigerian youth can!” he wrote.

Adding to the accolades, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, lauded the innovation as a symbol of national pride and technological potential.

He commended Oyinlola’s journey, noting his early support for the young inventor’s IoT startup. “Long before this global recognition, I had the privilege of backing Oluwatobi. His journey, now continuing at MIT, is a powerful reminder of the extraordinary potential of our people,” Tijani said.

The prototype not only marks a leap in miniaturised technology but also highlights Nigeria’s growing footprint in global innovation. Bosun added that as Nigeria intensifies efforts to nurture homegrown tech talent, Oyinlola’s success is a beacon for the next generation of innovators.

“The world is only beginning to see what you’re capable of,” said the Minister.

 

 


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General News

Africa Looks to Solar Amid Electricity Challenges

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Africa is becoming a global hub for solar energy development. The commercial and industrial sectors are driving this trend, with photovoltaic systems being installed on-site at businesses, educational institutions, and government facilities to meet energy demands.

This is according to CBi-electric: low voltage, which manufactures and supplies low voltage electrical distribution, protection, and control equipment.

2.5 gigawatts-peak (GWp) of solar capacity was built across Africa in 2024, with 194.34 GWp expected in 2025, according to the company.

Dr. Andrew Dickson, engineering executive of CBi-electric: low voltage, outlines how several reasons are hastening the continent’s transition to solar. “Energy poverty remains a major issue across Africa, with reliable grid electricity reaching only 14% of Zimbabweans, for example.”

He goes on to say that inconsistent power supply is another significant contributor, stating that “Persistent nationwide blackouts are affecting countries like Botswana, disrupting day-to-day operations. And in hydro-electric dependent countries such as Zambia, climate change is reducing water levels, leading to lower electricity generation and higher prices.”

Dickson believes that strategic system design and management are critical to realising the full potential of solar energy on the continent.

He said: “As Africa’s solar energy market continues to expand in 2025, organisations have an opportunity to capitalise on its long-term benefits. With the right technologies and safeguards in place, solar is not only a clean energy solution it’s a strategic asset that pays off.

“By combining surge protection, DC breakers, and monitoring tools, businesses can reduce unexpected costs, minimise downtime, and extend the life of their investment.”


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General News

FCMB Group Posts ₦35bn Q1 Profit as Revenue Surpasses Forecast

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FCMB Group Plc reported a profit before tax of ₦35 billion for the first quarter ended March 31, 2025. Gross revenue grew 41.1% year-on-year to ₦252.7 billion, surpassing its Q1 forecast of ₦226.9 billion, driven by a 58% increase in net interest income.

The Group recorded a 5% growth in total assets from ₦7.05 trillion in December 2024 to ₦7.40 trillion as at March 2025. Loans and advances also grew by 3.4% over the same period to ₦2.44 trillion, supporting business and economic activity.

The Banking Group accounted for 81.4% of profits, followed by Consumer Finance, 11.7%, Investment Management, 5.0%, and Investment Banking, 0.7%.

Net interest margins grew to 8.3% from 5.4% in Q4 2024, driven by a 200 basis points drop in the cost of funds and a higher yield on earning assets of 20.2%.

The Group linked the improvement to early benefits of the capital raised in 2024 and an improvement in the low-cost deposit liabilities.

Group Chief Executive Ladi Balogun said that the diversified financial services group will continue to leverage its group structure to drive an ecosystem that will foster inclusive and sustainable growth.

Analysts say FCMB Group’s diversified revenue structure and strengthened capital position provide a positive outlook for the rest of the financial year.

FCMB Group Plc is a financial services holding company listed on the Nigerian Exchange and headquartered in Lagos.

The Group has strategic interests in businesses serving over 14 million customers across five platforms – banking, consumer finance, investment management, investment banking, and financial technology.

Together, these businesses are building an integrated ecosystem that supports inclusive and sustainable growth across Africa, its diaspora, and the United Kingdom.


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