Telecom
Technext Rallies Blockchain Stakeholders on the Future of Digital Currencies @ Africa’s Largest Cryptocurrency Gathering in Lagos

Technology news platform, Technext, held the maiden edition of its Technext coinference on Thursday, December 9th at the Pistis Conference Center in Lekki, Lagos.

During a Panel session themed ” Blockchain: Opportunities for Africa” at the event on Thursday, in Lagos.
The event, with the general theme “Reimagining crypto as the future of finance,” gathers brilliant minds in the Nigerian blockchain sector to have essential discussions about the future.
David Afolayan, Content chief at Technext, in his opening address reiterates that it is important to have such a conversation around digital currencies as it is the new approach to trade and central to our survival.
“We need instruments to achieve conveniences, and trade is that instrument. Trade has taken different forms, and now we are lucky to be at the foothold of that change where digital currencies are replacing fiat money and we can transact without borders. ” – Content chief at Technext, David Afolayan,
He also noted that the rules guiding trade many years ago are no longer applicable and many people are not finding that convenient. To address these concerns, innovators, enthusiasts, and regulators need to have a conversation, one that the event provides.
The hybrid event brought together individuals and institutions from across Nigeria and beyond. Stakeholders and individuals from regulatory bodies were also present at the event.
Giving a keynote address at the event, Prince Clem Ikanade Agba, minister of state budget and national planning, stated that the event captures the mutual desire of the government and its citizens to explore innovative methods towards economic recovery, growth, and development.
According to the minister, the government remains enthusiastic about the numerous possibilities the crypto industry provides despite the seemingly growing restrictions.
“So far, I hope I’ve demonstrated that both citizens and governments see the benefits of cryptocurrencies and share a mutual belief in them.
“I believe it is crucial for all stakeholders to view each player as a key teammate in forging a path toward a healthy crypto space in Nigeria. ”
He noted that cryptocurrencies could be the biggest disruptor in finance and governance the world has ever witnessed. However, the government needs to regulate the industry.
Regulations of the industry don’t mean “a giant hammer slamming down on the activities going on in an industry,” but rather to optimize conditions for growth, tailored towards the industry.
The event also had insightful takes from enthusiasts and innovators in the blockchain industry who addressed lingering questions and myths around the sector.
The first panel discussions involved Uzoma Dozie, CEO of Sparkle; Buchi Okoro, CEO of Quidax; Dickson Nsofor, CEO of Korapay; Austin Okere, CEO of CWG; Nkemdili Uwaje, CEO of Future Software; and Chimezie Chuta, Founder of the Blockchain Nigeria User Group.
The session was focused on untying the regulatory knots in the space, and a key idea that was mentioned by all speakers was the pace at which cryptocurrency is changing the financial system.
A panelist, Uzoma Dozie, spoke about the difficulties of scaling crypto because it is currently one of the fastest payment systems in the world.
He reiterated that the Nigerian CBDC, enaira, is not going to compete with card payments. It will only be one of the many available payment systems.
Buchi Okoro, CEO of Quidax, elaborated that the central bank’s development of eNaira is a step towards meeting stakeholders halfway and will encourage digital liquidity.
He explained that in the same way that WhatsApp can’t replace hugs and physical interactions, cryptos can’t replace fiat cash. Both currencies can only collaborate to bring better lives to the people.
Patricia’s CEO, Hanu Fejiro Agbodje, giving the keynote speech on Blockchain for Africa: The endless possibilities illustrate how Michael Faraday did not envisage that one day, Elon Musk would use his creation, electricity, to power his electric vehicles.
According to him, the world is still in its very early days of blockchain technology. It is one that people will constantly try to understand and use in various ways into the unknown future.
“We have been succeeding in this industry with zero support. Imagine if we got support from the government. He concluded by saying, “We can win and we will win as long as we continue to strive,”
The second panel comprised experts like Emmanuel Babalola, Africa Director at Binance and Interim CEO of Bundle; Modibe Matsepena, Senior Associate of Growth in Africa at Paxful; Founder of Aza Pay, Jacqueline Madu, and Bitmama CEO, Ruth Iselema.
Owing to the popular belief that crypto transactions are not traceable, users wanted to know the veracity behind that claim.
Buchi Okoro replied that Bitcoin is not anonymous. Bitcoin is pseudonymous.
“When you track patterns on ether scan and blockchain explorer, you can actually see every transaction that’s happened on the blockchain up until the very first production of that bitcoin,” he says.
Further highlights from the event were the brand moments, where institutions in the crypto scene gave insights into their various innovative products aimed at making the Nigerian blockchain industry a success.
Most of the conversations from the event centred around regulations and what the future holds for the crypto space in Nigeria.
Telecom
Nokia Unwraps 5G Gateway for Home Internet

Nokia has introduced the FastMile Gateway 4, a new 5G indoor gateway designed to deliver high-speed internet throughout the home, powered by Wi-Fi 7 technology.
A gateway is a device that connects to a 5G network and provides high-speed internet access to homes or businesses.
The disclosure was made in a statement by Nokia, which highlighted that the device features high-gain antennas and dual-band Wi-Fi 7 to optimise coverage and boost connection speeds.
The FastMile Gateway 4 supports four carrier aggregation and up to 300 MHz of bandwidth, helping operators improve network efficiency while ensuring seamless connectivity for users.
The new gateway is powered by Nokia’s Corteca software, which enables cloud-based Wi-Fi optimisation and supports industry-standard EasyMesh technology for better network management.
To simplify installation, the device comes with a mobile app that helps users identify the best location for setup.
With the FastMile Gateway 4, Nokia expands its 5G fixed wireless access portfolio, offering multiple Wi-Fi 7-enabled models to support different operator and consumer needs.
The launch underscores Nokia’s commitment to advancing 5G home connectivity, providing faster and more reliable internet solutions.
Shiv Putcha, director for Research and Consulting at GSMA Intelligence, stated, FWA has proven to be a spectacular hit in driving broadband access in the last mile around the world.
He said, “However, there are numerous end users, many with potentially unique requirements that need servicing. Nokia has the broadest portfolio today, with multiple FastMile gateway products that combine 5G FWA with dual-band WiFi 7 indoors.
“This, combined with Corteca management software, will help operators cater to multiple segments of demand.”
Dirk Verhaegen, general manager of Broadband Devices at Nokia, stated, “Using Fixed Wireless Access to connect end customers to the internet requires more than just one type of device.
“Our extensive FWA portfolio gives operators access to a wide range of Wi-Fi 7 devices tailored to meet their unique and diverse needs. Our portfolio is even stronger with the addition of the new FastMile Gateway 4, giving operators another power option to deliver fast, reliable FWA broadband to customers – no matter where they live.”
Telecom
Senate Urges FG, Telcos to Cut Data Cost

The senate has called on the federal government to take urgent action to address the rising cost of data services in the country.
This was sequel to a motion sponsored by Senator Asuquo Ekpenyong (APC, Cross River South) during plenary.
Ekpeyong warned that the surge in data costs was a major setback for young Nigerians who depend on the internet for their livelihoods.
He argued that many young people use digital platforms for freelancing, e-commerce, content creation, and software development, making affordable internet access crucial to their economic survival.
“Telecommunication providers in Nigeria have recently increased the cost of data services by as much as 200%. A move that has placed significant financial strain on millions of Nigerians, especially young people who rely on the internet for their livelihood,” he said.
“Young Nigerians have embraced the digital economy, leveraging the internet for various income-generating activities including freelancing and remote work, direct marketing and social media management, e-commerce, content creation on various platforms, online training, software development, web design, mobile app creation, content creation of various platforms, online education, etc.
“The senate notes that young Nigerians have embraced the digital economy, leveraging the internet for their livelihood, leaving them heavily dependent on mobile telecommunications companies for internet access, and that the sudden and substantial increase in data cost threatens their economic survival and limits access to critical digital services.
“The senate is further concerned that the reasons provided by telecom providers for the data price hike, including high operational costs of favourable exchanges, are untenable, and appears that instead of addressing the root causes of the high cost of doing business in Nigeria, the burden is being unfairly transferred to end-users.
“Senate is aware that the high cost of doing business in Nigeria is driven by multiple challenges, such as increased operational risk and insurance costs.
“The senate believes that urgent government intervention is required to ensure that affordable internet access remains available to all Nigerians, particularly to the young Nigerians who are at the backbone of Nigeria’s digital economy.
“The senate accordingly resolves to urge the federal government to engage with telecommunication providers to review the recent increase in data costs and ensure the pricing remains fair and affordable for all Nigerians.”
Telecommunications operators had increased the cost of data and voice services following the Nigerian Communications Commission (NCC) approval of a 50% tariff hike, implemented on February 11, 2025.
Contributing to the debate, senator Victor Umeh (LP, Anambra Central) described the motion as timely, lamenting that apart from the hike in cost of telecommunications services, there were also a hike in the cost of electricity tariff and DSTV subscription.
“Something needs to be done fast, to regulate the high increases. Citizens have no other way to seek redress,” Senator Umeh said.
Senator Sadiiq Sulaiman Umar (APC, Kwara North), also said, “It’s very important to regulate this social crisis.”
In its resolutions, the Senate also asked the federal government to provide an enabling environment for doing business, as well as address the avalanche of challenges threatening businesses in the country.
The Senate also asked the federal government to consider making provisions for free internet hubs for young people to enhance their socio-economic well-being.
Senate President Godswill Akpabio, who presided over the session said the resolutions if implemented would assist young entrepreneurs who use internet for various businesses to grow.
Telecom
MTN Group, Airtel Africa Agree to Network Sharing in Uganda and Nigeria

Driven to extend digital and financial inclusion across Africa, MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements.
These sharing agreements target improved network cost efficiencies, expanded coverage and the provision of enhanced mobile services to millions of customers, particularly those in remote and rural areas who do not yet fully enjoy the benefits of a modern connected life.
MTN Group President and Chief Executive Officer Ralph Mupita said operators on the continent were seeing sustained demand for data services: “As MTN, we are driven by the vision of delivering digital solutions that drive Africa’s progress.
We continue to see strong structural demand for digital and financial services across our markets. To meet this demand, we continue to invest in coverage and capacity to ensure high-quality connectivity for our customers.
That said, there are opportunities within regulatory frameworks for sharing resources to drive higher efficiencies and improve returns.”
Airtel Africa Chief Executive Officer Sunil Taldar said: “As we compete fiercely in the market on the strength of our brand, services and our offerings we are building common infrastructure, within the permissible regulatory framework, to provide a more robust and extensive digital highway to drive digital and financial inclusion at the same time avoiding duplication of expensive infrastructure to drive operational efficiencies and benefits for our customers.”
The initiative is part of a growing global trend toward network sharing. By collaborating, telecoms operators can explore innovative and pro-competitive solutions to improve service quality while managing costs more effectively.
The sharing of infrastructure has the potential to enable the delivery of world-class, reliable mobile services to more and more customers across Africa.
Following the conclusion of agreements in Uganda and Nigeria, MTN and Airtel Africa are exploring various opportunities in other markets, including Congo-Brazzaville, Rwanda and Zambia.
Among the types of agreements considered are RAN sharing and those aimed at establishing commercial and technical agreements for fibre infrastructure sharing and, if necessary, the construction of fibre networks.
MTN Group and Airtel Africa are dedicated to working with other mobile operators within the countries in which they have a presence to achieve the advantages of network sharing.
Throughout this process, the parties will continue to function as independent market entities and will compete freely in shared markets. This engagement does not preclude the parties from collaborating with other operators in any respective market.
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