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Business

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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ICT

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Capital Market

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

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NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

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Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

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AI: Powerful Tool for Economic Growth in Africa-NGX Chair, Umaru Kwairanga

 KEYNOTE SPEECH BY THE CHAIRMAN OF THE NIGERIA EXCHANGE...

Insurance

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

emPLE, one of Nigeria’s rapidly growing insurance companies, has...

SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

SanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance and its subsidiary,...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

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Sovereign Trust Insurance Spreads Love with Fire Safety Drive

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Business

‘Winning with Strategic Communications’ Launch, Targets Real-World Impact

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Reputation Economy: How Nigerian Brands Won, Lost Public Trust in 2025

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

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Stanbic IBTC Nominees Celebrates 30 Years of Trust with Landmark Gala Event

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Insurance

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

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emPLE Partners Lagos State, Bastion Health for International Women’s Day “emPOWERHer” Health Drive

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SanlamAllianz Nigeria Pays over ₦77bn in 2025 Claims, Reinforces Financial Strength, Customer Trust

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MDXi, Uptime Institute Discuss Africa’s Digital Transformation

West Africa’s leading data centre company, MDXi has reiterated the importance of edge data centres to enable African consumers enjoy improved online experiences with much reduced latency, while significantly reducing transit costs.

The company’s General Manager responsible for its West African expansion, Gbenga Adegbiji quotes an ACG Research (a Telecoms analyst and consulting firm) report that estimates that caching content locally in a metro with a population of about 1 million can lead to a 50 percent cost reduction over the long-haul transport method, within a five-year span.
Speaking during his plenary presentation on the topic ‘Deploying at the Edge – Bringing content closer to West African eyeballs”, during the just concluded Data Centre Dynamics Conference in Johannesburg, South Africa, Mr. Adegbiji challenged the continent’s leading content and application providers to take advantage of the growing edge data centre ecosystem to exchange traffic on the continent, noting that this would significantly lower costs, improve performance of the existing content ecosystem and enable new technology use cases in Africa such as Electronic Gaming, Internet of Things, Artificial Intelligence and Big Data.
According to him, Africa boasts some of the biggest opportunities; a population of 1.3billion people, the fastest growing digital consumer market, estimated to reach 600 million within the next seven years and 6-7% GDP growth by 2020.

He emphasized that most of the typical concerns about Africa have been resolved;  local data centres have leapfrogged power supply issues by bypassing traditional transmission and distribution bottlenecks with direct grid connections; local co-location facilities are being built to meet hyper-scale requirements and a few indigenous data centres sport industry awards and global recognitions such as the Payment Card Industry Data Security Standards (PCI-DSS), Uptime Institute’s Tier III Constructed Facility certification (TCCF,) as well as ISO 9001 and 27001 certifications.

Mr. Adegbiji also noted the increased investments and growth in last-mile fibre infrastructure and the rise of home-grown companies building open-access networks to foster interconnection opportunities.      Reiterating that most issues with latency cannot be solved with technology alone due to geography, Adegbiji urged global players to augment their data centre portfolios with edge deployments especially in Nigeria, to drive more value from the Internet.

“With Africa’s largest economy (90% of Anglophone West Africa’s GDP), third most populous nation by 2050, and 8th global internet user country with 45% of Africa’s internet users, Nigeria is a natural and strategic destination for West Africa-focused hyperscale players to offer real-time data processing at the edge. With robust Internet Exchange Points and access via local interconnection points, data centres such as MDXI provide a platform for different networks to directly interconnect with other operators and exchange traffic in Nigeria to guarantee lower bandwidth costs and improved margins for content owners and OTTs, quicker access to more content providers and carriers as well as lower latency and improved experience for local users”, he said.
He also highlighted that MDXi is building a Data Centre ecosystem across West Africa with investments in its Tier III Lekki Data Centre in Lagos and upcoming investments in in Sagamu – Ogun State, Accra – Ghana, Abidjan – Cote D’Ivoire and Dakar – Senegal. “We remain committed to enabling West Africa’s digital transformation with investments in fibre infrastructure and data centres”, Adegbiji concluded.

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Topics

Emirates Resumes Flights to Lagos, Abuja from Sept 7

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Nigeria’s 2023 Outlook and the Looming Danger

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US Oil Import from Nigeria Down 67%

The United States decreased its oil import from Nigeria by 67 per cent in 2014, signaling growing economic pain and sustained pressure on foreign reserves, already down to $29.3 billion as at April 15, 2015, its lowest point since 2010. Figures from the US Department of Commerce suggest that U.S. total trade in 2014 (exports plus imports) with sub-Saharan Africa (SSA) also went down by 18 per cent to $52.1 billion compared to 2013. “In 2014, U.S. imports from SSA decreased by 32 percent, falling to $26.7 billion and representing only 1.1 percent of total U.S. imports from the world. This decrease was mostly due to a 51 percent decrease in U.S. mineral fuel and oil imports from SSA. U.S. imports from SSA originated, for the most part, from South Africa Nigeria, Angola, Côte d’Ivoire, and Chad,” the report says.

CBN: N4tn Capital Raised, Verified in Sector Recapitalisation as at Feb 19

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NCC Welcomes Newly Appointed Board Members, Pledges Commitment to Advancing Nigeria’s Digital Economy 

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