Telecom
Heritage Bank Partners Xplo-Sound, Adopt Ynspyre to Propel Growth in Entertainment Industry

Heritage Bank has disclosed plans to further adopt Ynspyre, a digital product to help cater and deepen support for professionals and amateurs for the creative and entertainment industry’s growth.
The bank stated that in a bid to further expand its reach by connecting with more groups that align with its digital banking product vision, it has partnered Xplo-Sound owned by Laolu Gbenjo, a multi-talented recording live performing artist.
This was revealed by Titilayomi Babaoye, Group Head, Inclusive Banking, Heritage Bank during Gbenjo’s Concert for Life gratitude celebration.
She explained that to help create an incentive-based ecosystem, the Bank has continued to partner with organizations like Silverbird amongst others.
Babaoye said “as a forward-looking financial institution, its strength lays in the ability to spot and mould talents into great professionals.”
She noted that the Ynspyre product was established to train, nurture and arm young employees with the right skills needed to fast-track development and enable talents to flourish.
She further explained that the aim of Heritage Bank being at the forefront of empowering youth in the entertainment and other sectors, is to emancipate the latent entrepreneurial spirit in the teeming youths to unleash their contributions on the growth of the economy.
The CEO, Gbenjo, during the Concert for Life Gratitude celebration, expressed readiness of Xplo-sound to collaborate Heritage Bank on its digital product, Ynspyre to propel the growth of creative industry, through the supporting young talented Nigerian artists.
“I am aware Heritage Bank has a product for the creative industry called Ynspyre, I am happy to work with Heritage Bank to promote this product so that the young talented Nigeria artist can access it.
He added that beside the funding, the young artists need the Bank’s advisory Midas touch in areas like financial literacy and entertainment mentorship
You begin your journey by opening an Ynspyre account via the product website: https://ynspyreng.com/#/. Select “Open an Ynspyre Savings Account” and enter your details.
Ynspyre Accounts come in three variants: Ynspyre Classic Current Account (N5000 Minimum Account Opening Balance). Ynspyre Extra Current Account (N10,000 Minimum Account Opening Balance). Ynspyre Savings Account (N5000 Minimum Account Opening Balance). You stand a chance to win a 3-month media internship position with allowances and potential employment at the Silverbird Group, a leader in Nigeria’s media and entertainment industry.
You gain access to a special N1,000,000,000 (One Billion Naira only) lending facility from Heritage Bank to fund your creative business.
Telecom
MTN Nigeria Unveils CPaaS Platform to Transform Business Communication

At the recently concluded NextNow Business Forum in Victoria Island, MTN Nigeria electrified the business community with a live demonstration of its forthcoming Communication Platform as a Service (CPaaS), a solution engineered to redefine how Nigerian enterprises connect with their customers.
Unlike traditional communication systems, MTN’s CPaaS is built for the realities of a mobile-first market. The platform unifies SMS, voice, WhatsApp, email, and more into a single, intuitive interface. This approach is especially significant in Nigeria, with over 107 million internet users, 45.4% of the total population, according to Data Report. This figure underscores the necessity for businesses to meet customers where they are.
During the demo, attendees witnessed how CPaaS enables two-way, real-time conversations between brands and customers. The platform’s support for rich media, instant analytics, and seamless integration with business workflows drew particular attention. These features are designed to empower businesses with data-driven insights and the agility to personalise every interaction, whether it’s a service notification, marketing campaign, or customer support exchange.
Akinbulejo Onabolu, Head of Enterprise Segment at MTN Nigeria, articulated the vision: “CPaaS gives enterprises the flexibility to interact with their customers on their preferred platforms; whether it’s chat, voice, or messaging, in a way that feels personal and immediate. We’re looking forward to the value this will unlock for businesses across industries once it launches.”
The fireside chat added depth to the conversation, with Omowunmi Olatunbosun, Head of SME Segment at MTN Nigeria, and Stephen Agbi of Bayobab, highlighting how digital engagement bridges the gap between businesses and audiences.
They emphasised that today’s consumers demand immediacy, relevance, and ease, qualities that CPaaS is built to deliver.
The stakes for digital transformation in Nigeria are high. In a report by Punch, the country’s enterprise tech market is projected to reach $22 billion by 2027, reflecting a surge in demand for scalable, cloud-based solutions that drive efficiency and customer loyalty.
The CPAAS Acceleration Alliance have estimated that globally, the CPaaS market is expected to grow from $14.7 billion in 2025 to $72.4 billion by 2035, at a compound annual growth rate of 18.4%, a testament to the platform’s transformative potential.
The event’s closing keynote from META’s Korhan Yunak reinforced the strategic value of digital channels like WhatsApp, which are now indispensable for business communication and engagement at scale.
As MTN Nigeria prepares for the Q3 2025 launch, the anticipation is unmistakable. With its promise of flexibility, intelligence, and seamless integration, MTN’s CPaaS platform is set to become the backbone of next-generation business-customer engagement in Nigeria, enabling enterprises to not just communicate but to connect, adapt, and grow in a digital-first era.
Telecom
MTN Mulls Establishment of Fintech Firm in Nigeria, Others

MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.
According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.
If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.
Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.
The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.
Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.
MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.
“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.
Telecom
Netflix Expands European Presence with €1 Billion Investment in Spain

Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.
The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.
Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.
Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.
Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.
The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.
The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.
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