Telecom
NITDA Deepens Stakeholders, Grassroots Engagement in Lagos
As part of efforts towards implementing the National Digital Economy Policy and Strategy (NDEPS), the National Information Technology Development Agency (NITDA) engages Lagos State stakeholders to establish a sustainable collaboration adequately needed for a viable digital ecosystem in the country.
The engagement program ‘Creating Boundaries and Breaking Boundaries: Towards Digitalisation and Entrepreneurial Evolution’ had the Lagos state Honorable Commissioner for Science and Technology, Mr. Hakeem Fahm, and other key players in the state’s ecosystem in attendance.
Kashifu Inuwa, Director General of NITDA, in his opening remark, stated that the Agency’s response to the increasing need of the Digital Economy System had been demonstrated through the implementation of critical areas of the NDEPS.
The DG, represented by the Agency’s Director of Zonal Offices, Mr. Jide Ajayi, asserted that the Agency has evolved from a highly centralized organization to a functionally decentralized institution.
He noted, “We aspire to be close to our stakeholders, pursue our strategies, ensure financial prudence, and to become a process-driven, data-dependent, result-oriented organization.”
Inuwa also said that despite the challenges faced, the Agency is ensuring that the objectives of the National IT Governance with priority to delivering value to stakeholders are met. He described this as sequential to the Agency’s core values; People First, Innovativeness, and Professionalism.
“Our stakeholders come first, and we must strive to deliver value to you. That would not be possible without listening to you and speaking with you to get clarity on your perspectives, aspirations, and needs”, he affirmed.
The NITDA boss hoped that the event and whole stakeholder engagement program nationwide would offer fresh understandings and ideas on how impactful value can be delivered to Nigerians.
“We see this meeting as a veritable platform to pool knowledge, experience, and expertise, and to co-create solutions, articulate strategies, and extend our services to all stakeholders, especially at the grassroots,” he concluded.
Mr. Hakeen Fahm, Commissioner for Science and Technology, Lagos, while delivering his keynote address, commended the Ministry of Communications and Digital Economy and NITDA for organizing the stakeholder event and expressed his confidence that all participants through constructive interactions would benefit from it.
He noted that the laws that established the Ministry of Communications and Digital Economy, as well as NITDA, stated that digital technologies have more significant consequences for value creation and value capture than merely providing new options for inventors and entrepreneurs.
“The digital revolution has transformed our lives and societies at an unprecedented rate and scale, bringing enormous benefits and, of course, terrible problems. New technologies have the potential to make major contributions to the achievement of the Sustainable Development Goals”, he added.
While empathizing on the numerous benefits of digital inclusion in bridging digital divides in the country, the Honorable Commissioner stated that strengthening local cooperation is essential in realizing digital technology’s entire social and economic potential.
“I hope this comprehensive approach will answer Nigerians’ desire to participate in the new digital world, not just as users and consumers but also as producers, exporters, and inventors, to create and capture more value on their path to sustainable development,” he noted.
The Agency’s Head of South West Zonal Office, Mrs. Chioma Okee-Aguguo, in her earlier welcome remark, thanked all participants for attending the program and urged them to critique and make constructive recommendations which would help the Agency in achieving its mandate for the good of the ecosystem.
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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