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Globacom hires former MTN Nigeria CEO, Farroukh to lead transformation

Nigeria’s leading telecommunications provider, Globacom, has appointed telecom veteran Ahmad Farroukh as its new Chief Executive Officer. This leadership change aims to strengthen the company’s corporate governance and operational performance, aligning with the Nigerian Communications Commission’s (NCC) recent drive for improved governance standards within the telecom industry. Farroukh’s extensive experience in African telecommunications positions him…

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Data breaches, banking deficiencies worry CJN as NCC prepares judges for Presidential Order

The Chief Justice of Nigeria, Hon. Justice K.M.O. Kekere-Ekun, has identified increased risk of the personal data of consumers being misused or compromised by unscrupulous persons and deficiencies in the banking sector as issues worth addressing as they have to do with cyber security. Meanwhile, the Nigerian Communications Commission (NCC) has started training members of…

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Google’s, others’ $110m cash pushes Moniepoint into ‘unicorn club’

Nigeria based fintech Moniepoint has raised $110 million in new funding from investors including Google to scale up digital payments and banking solutions across Africa, the company has said. Sources close to the transaction said the new funding valued Moniepoint above $1 billion, giving it “unicorn” status – a term for privately-owned business valued at…

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Starlink suspends Nigeria price hike

Internet service provider, Starlink has announced the reversal of its recent service fee increase in Nigeria. This decision comes as a welcome relief to Nigerians who have been eagerly awaiting affordable internet solutions. The world’s leading provider of satellite launch services, in a statement said: “Last month, we increased the monthly service price for Starlink…

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