Telecom
NACOS Names Tim Akano, CEO of New Horizons National Digital Economy Champion
National Association of Computing Students across all Nigeria Universities with over 300,000 members has conferred a national Award of Champion of Nigeria Digital Economy on the MD/CEO of New Horizons, Mr Tim Akano with a National Award as Digital Economy Champion of Nigeria.
At a well-attended NACOS annual conference that took place at Nile University on the 11th of October 2023, NACOS leadership described Mr. Akano as one of the “major pillars in the ICT transformation in Nigeria, especially with regards to the Youth empowerment and Jobs creation”.
NACOS President, Comr. Chihurumnanya Nwanevu appreciated the New Horizons CEO for his pioneering role in integrating ICT certification-based training into the university academic curriculum about 18 years ago. This decision has changed the Technology Map of Nigeria forever”. The New Horizons initiative that empowers over 100,000 youths across Nigeria universities was described by NACOS President as “incredibly rewarding, and a game changer for the youths”.
Mr Akano is equally commended for setting up One Africa Initiatives Academy, a Pan Africa NGO focusing on building the generation of African leaders that will rebuild Africa OAI Academy focuses on upgrading the skills of African Youths in four areas: Entrepreneurship, Technology, Leadership, and Good Citizenship.
One Africa Initiatives Academy consists of over 10,000 youths from 50 African countries. Members of the Academy have opportunities to attend free Masterclasses organized by OAI once a month online.
New Horizons Nigeria is a franchise of New Horizons International, the World’s largest ICT training organization with offices in 90 countries. New Horizons Nigeria trains over 100,000 students yearly from different universities, and schools and also trains more students in Technical courses in more locations than any training companies in Nigeria.
In the last 15 years, Mr Tim Akano has been awarded over 150 national, continental, and international awards for his relentless roles in Youth empowerment and the digital economy and the promotion of technology skills. Mr Akano has been honored by the Federal government of Nigeria through the NYSC three times in the past three years.
In his response, Mr Tim Akano appreciated the current NACOS leadership for a well-organized and attended event.
He said “I truly appreciate NACOS for this special recognition given to me in appreciation of the multidimensional roles being played by New Horizons and OAI Academy in the areas of entrepreneurship, technology, and empowerment. I pledge to continue to be available to lift not only the Nigeria youths but youths across Africa”
At the close of the event, Mr Akano pledged to empower the entire 300,000 NACOS students in any of the seven hottest 4.0 skills at a most discounted price.
In conclusion, Akano advised the youths that since India dominates the software space, South Korea dominates the electronics, and Israel dominates the Cyber security space while America and China dominate the Platform Economy, “It is my ambition to get Africa youths to dominate the 4.0 Technology space, so that in the next five years, the best Artificial intelligence Engineer, greatest DevOps engineer, best Data Scientists will all be Africans, but not only Africans but the youths I have mentored”.
Telecom
Unforgettable Moments and Big Wins at the TECNO SPARK 30 City Tour
TECNO SPARK 30 city tour made a memorable stop at Ikeja City Mall on November 15th, bringing with it an infectious energy that electrified the entire city.
As the event unfolded, it was clear that this was more than just a product showcase – it was an immersive experience designed to thrill and delight.
The day’s festivities kicked off with the iconic TECNO SPARK 30 transformer bus, painted in bold red and blue hues, rolling into action.
The bus served as the hub for a games grotto, where fans immersed themselves in thrilling digital games and adventures.
Outside, the excitement spilled over, with attendees engaging in friendly competitions of Jenga, Monopoly, Ludo, and chess.
These games sparked laughter, playful banter, and a sense of camaraderie among strangers.
As the games heated up, so did the rewards. Purchasers of the TECNO SPARK 30 Pro enjoyed a N20,000 discount and a chance to win up to 100% cashback by participating in the games.
The atmosphere was electric, with cheers of victory, enthusiastic applause, and celebratory high-fives.
The excitement reached a fever pitch with the arrival of tech and lifestyle creator Kagan, accompanied by Big Brother Naija Season 9 stars Victoria and Ruthee.
The trio dove into the action, competing in games and claiming victory. They were awarded TECNO-branded gift items, earning cheers and applause from the thrilled crowd.
The event was an unforgettable experience, leaving a lasting impression on all who attended.
Telecom
Sophos Report Highlights Cyber Risks During Holiday Shopping Season
During peak shopping days, this threat intensifies.
Here’s what happens: with the surge in online deals, more employees may be shopping from their work computers, feeling that Cyber Monday is a legitimate time to do so.
This increases the risk of them clicking more freely and potentially exposing the organization to malicious links or phishing attacks.
To keep your organization safe, encourage your team to follow these simple tips:
• Don’t click deals in email that look too good to be true or are from businesses you don’t have accounts from – these could be phishing emails hoping to bait you into clicking links to bogus, malicious web sites.
This season, small steps can make a big difference in protecting against cyber threats.
Telecom
MTN Nigeria Shops for N50Bn Commercial Paper to Boost Working Capital
MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.
This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.
The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.
In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.
According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.
MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.
The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.
The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.
The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.
Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”
Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.
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