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WATT Renewable Corporation has entered into a partnership with Airtel Nigeria to install hybrid solar solutions at 600 sites, powering Airtel's telecommunications network expansion. This move will reduce carbon emissions and improve air quality while providing reliable and sustainable energy solutions to support Nigeria's growing telecom sector.
WATT Renewable Corporation has signed a contract to deploy over 32MW of hybrid solar solutions in Nigeria. The project, in partnership with Airtel, will involve the installation of solar power and lithium-ion battery storage at 600 sites. This initiative aligns with WATT's commitment to sustainable development and supports Airtel in achieving its reliability and cost objectives while reducing emissions. The hybrid solar installations will improve power supply reliability and uptime, crucial for expanding Airtel's network coverage and introducing advanced technologies in the region.
9mobile, the Nigerian telecom giant, recently held a networking and business mentorship program at the University of Ilorin, where they emphasized the importance of building personal brands for future business and career growth. Students were given insights on personal branding, target audience identification, brand consistency, and the need to network and build relationships. The event also featured sessions on leveraging digital tools and expanding side hustles. Read on to learn more about the key takeaways from the event.
Briclinks Africa Plc, a prospective telecommunications firm, has unveiled its ambitious plans to attract one million subscribers in the next four years. The company aims to achieve this goal by leveraging voice calls and mobile internet services. Briclinks Africa Plc also intends to hit the stock market to increase its share capital base, while considering loan facilities for its mobile virtual network operator license. With a focus on providing fast and affordable mobile internet services, the company aims to become a sought-after brand in the industry.
Nigeria's economy is facing acute revenue shortage, largely due to low investment in the oil sector and rampant pipeline vandalization. The latest GDP report highlights the challenges faced by the country, with a lower growth rate in Q2'23 compared to the previous year. The services sector emerged as a growth catalyst during this period, while the non-oil sector demonstrated resilience. However, to achieve inclusive growth and tap into its full potential, Nigeria needs to address these pressing issues.
Dangote Industries Limited has been named Nigeria's most valuable brand for the sixth consecutive year, according to the annual Top 50 Brands perception assessment conducted by 'Top 50 Brands Nigeria.' With a remarkable aggregate score of 86.2 on the Brand Strength Measurement (BSM) index, Dangote continues to dominate the domestic brand space, reinforcing its unwavering excellence in the market. Telecom brands also take a prominent position, with three out of the top four brands hailing from the telecom sector.
Nigeria's Gross Domestic Product (GDP) grew by 2.51% in real terms in the second quarter (Q2) of 2023, according to the Nigerian Gross Domestic Product (GDP) Report released by the National Bureau of Statistics (NBS). The growth was primarily driven by the Services sector, which contributed 58.42% to the aggregate GDP. The agriculture sector also showed improvement with a growth rate of 1.50%. However, the industry sector experienced a decline in growth compared to the previous year.
Nigeria's Gross Domestic Product (GDP) grew by 2.51% in the second quarter of 2023, but at a slower pace than the previous quarter. The reduction in daily crude oil production was one of the reasons for the slower growth. However, the agricultural sector managed to grow despite the security challenges in the country. The services sector remained the major driver of the economy, contributing 58.42% to the GDP.
Mobile Virtual Network Operators (MVNOs) in Nigeria are driving innovation and connectivity, helping to define the future of the telecommunications industry in Africa and other emerging economies. These operators, known for their early adoption of new technologies, are using tools such as cloud computing, artificial intelligence, and software-as-a-service to test new ideas and provide more affordable communications services. The new licensing framework in Nigeria is also driving investments in infrastructure and connectivity, benefiting both the MVNOs and local communities. As the MVNO market continues to grow globally, the key to success lies in understanding and connecting with niche markets.
Ekiti's Governor Biodun Oyebanji has officially appointed Retired Brig.-Gen. Olu Adewa as the new Commander of the "Amotekun" Security Corps in the state. Adewa takes over from the former commander, retired Brig.-Gen. Joe Komolafe. Adewa is a highly experienced military officer, and his appointment is expected to strengthen the fight against banditry and kidnapping in the Southwest region.
The Presidential Committee on Tax Policy and Fiscal Reforms has recommended that the Nigeria Customs Service and other Ministries, Departments, and Agencies should cease direct revenue collection. Instead, the Federal Inland Revenue Service should handle these responsibilities. The Committee aims to improve the cost-effectiveness of tax collection and the efficiency of the government. This move will lead to greater transparency and accountability in revenue management and help alleviate Nigeria's reliance on borrowing for public spending.
The 6th edition of the Nigeria Small and Medium Enterprises (SMEs) Summit and Awards, known as SMESUMA '23, will be held in Abuja in October 2023. The event aims to highlight the entrepreneurial spirit of Nigerians and recognize their contributions to job creation and wealth generation. With the support of both public and private sectors, SMESUMA celebrates the success of SMEs and promotes economic growth in the country. This year's edition will feature rewards for winners in various categories and empower SME operators on the spot.
The Nigerian Communication Commission (NCC) plans to introduce policies that would encourage telecom operators to adopt clean and sustainable energy sources. This move aims to reduce carbon footprint and promote a greener future while driving innovation and creating new business opportunities within the industry.
The Nigerian Communication Commission (NCC) plans to introduce policies to encourage the adoption of clean and sustainable energy sources in the telecommunications industry. The move aims to address rising energy costs, reduce carbon emissions, and contribute to a greener future. The NCC recognizes the need for collaboration with academia and other stakeholders to develop feasible alternative energy sources for a sustainable energy supply.
The Nigerian Communication Commission (NCC) has reaffirmed its commitment to promoting clean and sustainable energy adoption in the telecommunications sector. Recognizing the importance of reducing carbon emissions and safeguarding the environment, the NCC aims to encourage the use of renewable and ethical energy sources. Through collaboration with academia and industry stakeholders, the Commission aims to drive research and innovation in alternative clean energy solutions that can power the telecom industry efficiently and contribute to a greener future.
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