Government decries influx of fake phones to Nigeria

Government decries influx of fake phones to Nigeria

The influx of substandard and fake mobile phones has been described as a bad omen, and an economic sabotage for Nigeria, which requires urgent attention to reverse the trend.
 
The Minister of Communications, Adebayo Shittu, who stated this, while inspecting the Computer Village market, Lagos, at the weekend, said it has become necessary for the country to evolve a system of registering all phones coming into it.
  
Shittu, who honoured the invitation of the Computer and Allied Products Dealers Association of Nigeria (CAPDAN) on a tour, noted that local production of telecoms devices must be encouraged to guard against Nigeria becoming a dumping ground for all manners of IT wares.
  
CAPDAN is the umbrella body comprising the Dealers, Vendors, Artisans, Technician and SMEs at the popular Lagos Computer Village market.
  
The Nigerian Communications Commission (NCC), had revealed that cloning of ICT devices like mobile phones was creating a big economic problem, and affecting many products in the country.
  
The Executive Vice Chairman, Prof. Umaru Danbatta, had at a stakeholders’ meeting on, “Com­bating Counterfeit and Substandard ICT Devices” in Abuja, revealed that mobile phones (GSM) are targeted, with around 250 million fake products sold yearly in the country.
   
Danbatta said the number makes up between 15 and 20 per cent of the worldwide mobile phone market despite the negative economic impact of the unpleasant trend on the producers of genuine products, and government licensed dealers that include brand devaluation.
    
Impeccable sources in the phone manufacturing business, told The Guardian that counterfeiters might have taken over more than 10 per cent of the country’s market share, and boldly display the products at different areas like Computer Village, Ikeja, and other hinterlands.
   
Apart from these fake phones constituting some health hazards to consumers, they equally affect Quality of Service (QoS) delivery from network operators.
  
This was corroborated by the President, Association of Telecommunications Companies of Nigeria (ATCON), Olusola Teniola, who said investigations revealed more than 20 mobile phone brands in the country are not NCC type-approved, and contribute significantly to the persistent poor QoS.
  
Although, names of the phone brands are yet to be made public, however, Teniola said the unregistered/unapproved brands have over 150 mobile phone models circulating in Nigeria.
   
In this regard, the Minister has called on CAPDAN and its leadership to find a way to stem the growing tide. Shittu said the Ministry is ready to partner with the association to ensure success.
  
Responding, President of CAPDAN, Ahmed Ojikutu, said the Association was ready to work with the Ministry in all capacities that would move both the sector and the country’s economy forward.
  
Ojikutu however pleaded with the minister to help look into some areas of interest, which include the need for the Ministry to inculcate into its programme, recognition of the informal sector like the Computer Village.

He also sought for collaboration on training to get technicians at the market to international standard and building an incubation centre for more training; and drive local content in the ICT sector so as to develop more made in Nigeria products.

He also expects the Ministry to help facilitate free broadband in the market, which is adjudged as the largest technology market in West Africa through the Nigeria Satellite, and provision of funds for ICT research to develop Nigeria-based software.  
  
Responding to the demands, Shittu disclosed that there are concrete steps to transform Computer Village into ICT regional Hub, owing to its estimated N2billion turnover per day. The Minister admitted this is a huge contribution to the Nigeria’s economy, which is largely dependent on oil.

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‘Airtel, nTel get more Internet subscriptions in Q3 2017’

‘Airtel, nTel get more Internet subscriptions in Q3 2017’

ntel

The duo of Airtel and nTel raked in the highest number of Internet subscriptions in the third quarter, 2017.
   
According to the Nigeria Bureau Statistics (NBS) report for Q3, 2017, released last weekend, the GSM platform remained the most dominant means of accessing the Internet for subscribers in Nigeria.
  
The report showed that for the period under review, active GSM Internet subscriptions stood at 92.9 million representing a 1.5 per cent growth from the previous quarter’s 91.5 million, and a 0.22 per cent decline from the same period last year.

The NBS report informed that “while GSM Internet subscriptions were on a declining trend over year to date 2016, subscriptions picked up in 2017, showing a 3.3 per cent growth from Q1 2017 to Q3 2017.’’
  
According to the report, Airtel robustly gained subscribers both quarter-on-quarter and year-on-year, rating it the biggest contributor to the growth of total active GSM internet subscription with a 7.9 per cent growth compared to Q2 2017, and 15.6 per cent when compared to the same period in Q3 2016.

This reflected in the increase of the company’s market share by 1.4 points from the previous quarter and by 3.2 points from the same period last year. MTN, Globacom Limited (Glo), EMTS, which traded as Etisalat, now 9Mobile, had market shares of 0.4,-0.7, -1.1 points and 0.2, 0.1.-3.6 points by 3.2 points respectively from the same period last year.
    
However, MTN had the highest share of all GSM active Internet subscribers, capturing 35 per cent of subscriptions with 32.5 million users, followed by Glo at 29 per cent of subscription with 26.9 million customers. Airtel at 23.4 per cent of subscriptions, with 21.7 million customers is third.

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Firms to boost customers access

Firms to boost customers access

Photo: tctechcrunch

Cars45, Nigeria’s foremost Car buying and auctioning online platform for used cars, has entered a car trade-in deal with Kia Motors.
 
This partnership was borne out of a necessity to ensure that any pre-owned car can be traded-in at Kia’s Akin Adesola office in Victoria Island Lagos to Cars45 for a new Kia, a fairly used Kia or other cars owned by Cars45. 
  
This relationship is intended to provide Nigerians with a much more credible environment to trade-in their cars with ease while ensuring that they get the best value for their money.
  
Speaking on the initiative, the CEO, Cars45, Etop Ikpe, said: “Our business is beyond providing a platform for Nigerians to sell their cars. The desire to meet the customers’ expectations is what is paramount for us at cars45.
  
“The used Car Market is growing and we have seen a lot of requests from Kia owners for an opportunity to swap their old Kia for new ones. This plan we believe further establishes Cars45´s commitment to Nigerians by ensuring that there are cars for the average Nigerian whenever he or she wants one.

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‘Cyber threats outpacing abilities of governments, companies’

‘Cyber threats outpacing abilities of governments, companies’

Cyber criminals

As cases of data breach and online frauds baffle authorities globally, the World Economic Forum (WEF), has warned that cybersecurity threats are outpacing the abilities of the governments and companies to overpower them unless all stakeholders cooperate.
   
In a new report to be discussed in detail at its yearly meeting in Davos, Switzerland, with expected over 3,000 world leaders, the Geneva-based WEF said working collaboratively in the cybersecurity space is difficult and there is no “simple policy solution or silver bullet here.”
  
The new report produced by WEF in collaboration with the Boston Consulting Group (BCG), noted that the increasingly networked, digitised and connected world is vulnerable to cyber threats that can only be addressed by the combined capabilities of the public and private sector.
   
According to the report titled: “Cyber Resilience: Playbook for Public-Private Collaboration,” seeks to facilitate capacity-building, policies and processes necessary to support collaboration, safeguard cyberspace and strengthen cyber-resilience. It precedes the launch of a new Global Centre for Cybersecurity at the Davos Summit from January 22-26.
   
In Nigeria, the Minister of Communications, Adebayo Shittu, last year, put the country’s losses to cybercrime at N127billion. On its part, the Information Systems Audit and Control Association (ISACA), informed that 25 per cent of cybercrime activities are not usually resolved in Nigeria.  
   
Meanwhile, the Project Lead for Cyber Resilience at the WEF, Daniel Dobrygowski, said: “We need to recognise cybersecurity as a public good and move beyond the polarising rhetoric of the current security debate. Only through collective action can we hope to meet the global challenge of cybersecurity.”
   
It further said cyber threats are complex, dynamic and increasingly personal as technology saturates economy.

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Living smartly with smartphones

Living smartly with smartphones

Phones have become a way of life for many people. This device enables modern man with hectic schedules to multi-task and undertake activities, which ordinarily would require lots of time and energy.

So, it’s understandable, when some people appear unable to do without their handsets.However, despite its numerous positive attributes, there have been health worries globally about the possible side effects of using smartphones.

In 2015, a group of 200 biological and health scientists from around the world expressed their concerns about the negative aspects of smartphones. They called on the United Nations (UN) to help them in their quest for spreading the awareness.

Interestingly, some other people have come up to fault this claim. They believe there is really no harm in using smartphones, and that with little precaution the device poses no serious harm to human health. They said those claiming otherwise are only raising a false alarm.

As the claims and counterclaims continue, some creative inventors are taking advantage of the situation to manufacture items they say are capable of neutralising or totally preventing radiations from smartphones from making negative impact on the health of the users.

But does smartphone technology truly have anything to do with radiation?

According to online tech blogger and owner of Prexblog website, Precious Agbontan, cellphones give off forms of non-ionizing Electromagnetic Radiation (EMR) called Radio Frequency (RF) radiation and Extreme Low Frequency (ELF) radiation.

He explained that the radio frequency consists of signals such as Bluetooth, Wi-Fi, 3G, and LTE connections commonly known as 4G, while the extreme low frequency radiation is generated from the phones’ hardware.

All of the connections going to and from mobile devices all operate at different frequencies. Wi-Fi connections operate between five main frequency ranges: 2.4GHz, 3.6GHz, 4.9GHz, 5GHz and 5.9GHz. Bluetooth operates on the 2.4GHz band. Cellular connectivity in smartphones operates on a multitude of frequencies, anywhere from 700MHz to 2.7GHz.

Agbontan said: “This radiation is usually absorbed through the body tissues, particularly near where the phone is held. The degree of exposure depends on several factors, such as, the type of phone being used, how much time is spent on the phone and how far the user is from the cell tower.”

Speaking on the danger inherent in smartphones usage in a video posted on YouTube, CNN Chief Medical Correspondent, Dr. Sanjay Gupta, said many manufacturers actually warned people on how to handle cellphones during communication.

He explained that some manufacturers such as Blackberry advised users to keep their devices about 1.9 inches away from their head when making calls.

“If you read the manual very well, you will see that is what they are asking you to do and it is part of the reason they give you earpieces to wear instead of holding the phone to your ears,” he said. “Those really tough times, when you are travelling with your phone and you are in a bad cell area where you could not get good reception, your phone is actually working harder. It is sending signal back and forth to the nearest cell tower. But if the phone is not working well, it means it is sending more of those signals or energy and more radiation. That is the time to put the phone away.”

He, however, warned that children are more at risk because due to their thin skull, they are more vulnerable.

He said: “If we are talking about radiation, it is easier to get through because of those thin skull. People should keep in mind that most adults now didn’t use phone until they were older, but children are going to live their entire lives with it.”

To mitigate the danger, some experts have suggested using the left ears to answer calls. According to Yomi Prof, a blogger, experts believe the human brain is closer to the right ear.

He said: “According to Apollo Medical Team, if you use your right ear to answer calls, then the brain will be more prone to radiations. But they have failed to prove that using the left ear is totally safe or not.”

Speaking on the imperative of using left ear, Agbontan said he had a bad experience using his left ear to make calls.

“I have experienced this issue and it was a bad experience, because I was slightly unconscious when it happened. I would advise that people should answer phones with their left ears, as doing otherwise could cause tumour of the brain, head and neck, although it may not necessarily be linked when this problem occur.”

He also cited other ways in which using smartphones could affect people’s health. In his view, smartphone decreases memory and is also the culprit for memory loss.

“When connected to digital photos for long, we stop bothering to remember things by ourselves and this stop us from using our internal memory,” he explained. “I would advise such a person experiencing this issue to take a break from his or her smartphone and enjoy some outdoor activities, rather than staying glued to it.”

According to him, smartphones also weaken deep thinking, which may lead to laziness and procrastination, which could affect people’s health.

The tech expert also said excessive use of smartphones could lead to increase in physical injury.

“If you are physically less active, the muscles in your body begin to weaken, along with your endurance and immune system. In addition, it can cause disruptive sleeping patterns by disrupting our sleeping hormone called melatonin.”

He advised users to combat addiction, by taking a break for outdoor activities such as playing with pets, reading a book and undertaking sports, among others.

On other means of protection against adverse effect of using smartphones, Gupta stated that people should simply use earpiece.

“All the research, all the science is pointing that way. And since we don’t know enough yet, we don’t want to find out twenty years from now, that there was a cancer and you didn’t do anything about it. Now, the solution is simple.”

Segun Oluwaseun, a health consultant and marketer of cell phone anti-shield stickers, said anti-radiation stickers for mobile phones are made of Nano technology to protect phone users and other electronic devices against the effect of radiation arising from the use of these devices.

He insisted they are necessary accessories for mobile users, saying the device could be used on computer, television screen and microwave, as all of these also emit electro-magnetic frequencies (EMFs).

However, as phone cases get more fashionable, anti-shield phone cases have made their debuts to add style to protecting against radiation. Some of the manufacturers of these products claim they are stylish phone covers with hidden innovative technologies that protect reproductive health by blocking the mobile phone radiation testicles absorb by more than 85 per cent.

According to them, the anti-radiation case is designed in such a way that the phone could still send and receive messages, calls and data as normal.

Another anti-radiation shield seller, Elisabeth Ekon, explained that the device is a necessary accessory for cellphones, as it shields users from harmful radiation. She declared that using it is very important for people to protect against health hazards associated with using phones.

Ekon stated that from personal experience, she has learned that using the shield helps reduce the noise she always hears, when making calls.

She, however, lamented the fact that there is low awareness of the product among Nigerians, saying it is important that they use it to protect themselves.

An investigation by The Guardian revealed that most phone accessories sellers in Lagos are not selling these protective products. Similarly, some of the itinerant accessories sellers claimed ignorance about its existence, while others simply said they did not have it.

However, findings by The Guardian revealed that the science behind the device is still controversial. For instance, in 2002, the United States Federal Trade Commission charged two manufacturers or purported cell phone radiation patches with making false claims.

In June 2011, the same agency issued an alert stating that radiation shields are utterly without scientific merit.

According to a tech expert, Robert Lamb, a small anti-radiation sticker placed near the antenna would not cut down absorption rate of radiation on users’ bodies, as the entire phone emits electromagnetic waves.

He said: “Not only do such stickers not absorb the radiation they claim to, they might actually increase the amount of radiation your phone pumps out. Such stickers might interfere with a phone’s signal, thereby forcing it to draw even more power to communicate with cell towers and emitting more radiation in the process.”

He advised phone users to rather play safe by using hand-free headsets to distance the radiation-emitting phones from their brain cells. While urging users to consider using phone in open spaces, as opposed to enclosed rooms, the tech expert said they should consider the use of SMS more and avoid long calls, when signal reception is poor, as the harder the phone has to work to maintain a signal, the more radiation it emits.

The past President, Institute of Software Practitioners of Nigeria (ISPON), Chris Uwaje, however, described anti-radiation shield as a marketing gimmick, saying it offers no protection whatsoever.

He explained that the device only validates the fact that excessive radiation emission exists in the global cellphone production and usage ecosystem.

He noted that with the rapid expansion of mobile phone market-demand, this remains a global challenge and critical health issue.

He said: “My concern as a practising IT professional in the software domain is future possibilities of weaponisation of mobile phone as a weaponry of warfare at the Nano scale of things within the context of Internet of Everything! This concern becomes more contingent, as the UN is set to discuss the emergence of killer robots”.

He called for a massive awareness campaign by government to educate users, who must learn to send more meaningful text messages and programme their phones timer to talk less.

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FG ready to hold Technology, Innovation Expo 2018 in March

FG ready to hold Technology, Innovation Expo 2018 in March

Technology. Photo: Odd Hill

The Federal Ministry of Science and Technology (FMST) says it will hold Technology and Innovation Expo 2018 to promote commercialisation of research and development results to aid diversification of the economy.

The information, which was made available on the website of the ministry, said the theme of the Expo 2018 would be “Fast tracking Sustainable Development of Nigeria through Science and Technology“.

The expo is scheduled to hold from March 5 to March 9 in Abuja.

It said the success achieved at the 2017 edition of the Science, Technology and Innovation Expo held from April 3 to April 7, 2017 had further spurred the interest of the investors to commercialise research and development results to aid diversification of the economy.

“The Federal Ministry of Science and Technology wishes to inform the general public of the next edition of the Science, Technology and Innovation Expo 2018 coming up from the March 5 to March 9, 2018 at the Eagle Square, Abuja, Nigeria.

“Expo 2018 will build upon the objectives of the foregoing Expo of 2017, “ it said.

According to the statement, main objectives of the 2018 edition will include follow-up on Memorandum of Understandings (MoUs) signed as a result of the previous expo and promoting collaborations among research institutions and researchers/inventors.

It said that the event would encourage interactions between researchers and investors with a view to commercialising research results, inventions and innovations from Nigeria’s research and tertiary institutions.

It said the Expo 2018 would facilitate growth of indigenous manufacturing hinged on Science, Technology and Innovation (STI) as well as generally promoting STI culture in Nigeria.

“Fast tracking the implementation of the National Science, Technology and Innovation Road Map -2030 to bring to fore capabilities of Nigerian Scientists, Engineers, and Inventors/Innovators in contributing to economic diversification of Nigeria,“ it said.

The ministry said the 2018 edition of the Technology and Innovation Expo would feature exhibitions of research and development results, inventions, innovations, STI Products/Services.

Others are researchers/investors forum, technical sessions on emerging issues, Special Days for States, conglomerates, awards of prizes, certificates to outstanding exhibitors and researchers.

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Nigeria ends 2017 with 101,695 domain names

Nigeria ends 2017 with 101,695 domain names

Smartphone with internet. PHOTO: AFP/JUSTIN SULLIVAN

The Nigeria Internet Registration Association (NIRA) said on Friday that 101,695 domain names existed in the country’s domain registry as at 2017, up from 76,907 names recorded in 2016.

The President of NIRA, Mr Sunday Folayan, made this known in a statement made available to the News Agency of Nigeria (NAN) in Lagos on Friday.

Folayan said that in December 2017, 5,547 domain names were recorded, showing a decrease of 753, as against 6,300 domain names recorded in November.

According to him, of the 5,547 domain names in December, 3,560 were new registration, 1,917 were domain name renewal, while 70 were transfer of domain names.

He said that of the 6,300 domain names recorded in November, 3,974 were fresh registration, 2,280 were for renewal and 46 were for transfer.

“We noted a slowdown in fresh registrations and renewal of .ng domain names from November to December 2017.

“The general slowdown could be attributed to many reasons, including consumer spending slowdown and focusing on essentials.

“The total number of active .ng domain names in December 2016 was 76,907 while by December 2017, the number of active domain names had grown to 101,695,’’ Folayan said.

He said there was the need for Nigerians to adopt the Nigeria’s country code Top Level Domain (ccTLD), which is the ”dotng (.ng)”.

The NIRA president said that .ng was the official ccTLD approved for Nigeria by the Internet Corporation for Assigned Names and Numbers (ICANN) for the Internet and was like Nigeria’s currency, the Naira.

He said that the availability of names was better on the .ng ccTLD than on the generic Top Level Domain (gTLD) like .com, .org.

Folayan said that hosting businesses on the .ng would help to support the Nigerian economy and provide jobs for local Information Technology professionals.

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Operators doubt 30% broadband penetration target for this year

Operators doubt 30% broadband penetration target for this year

Telecommunications operators that are expected to deploy telecom infrastructure for the realization of government broadband penetration target of 30% by the end of this year have described the target as a mere wish.

They explained that the operating environment and policies of government in relation to deployment and protection of telecommunications infrastructure does not encourage investment.

Engr. Gbenga Adebayo, chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON), expressed concern over issues of interference by state government agencies and their consultants in shutting down base stations of operators as well as lack of strong will on the part of federal government in driving stakeholders to bring about stability in the industry.

“How can you achieve 30 percent broadband penetration when efforts that are supposed to be channel to network optimization are used in repairing shut down towers by state government agencies. As I’m talking with you now (on Wednesday) our men are in Jalingo, Taraba state discussing with the state government over a state law on multiple taxation that has led to base stations of our members being shut down.

“We are facing the same situation in Kogi, Ogun, Edo and Ebony states. The issue surrounds environmental Impact assessment (EIA) for the state, this same EIA has been done through National Environmental Standards and Regulations Enforcement Agency (NESREA) an agency of the federal government by our members, why is state demanding same and shutting down cell sites if not for revenue generation. These elements and impediments to network optimization are scaring away investors and make deployment of telecommunications infrastructure for broadband penetration difficult,” he noted.

Engr. Olusola Teniola, president, Association of Telecommunications Companies of Nigeria (ATCON), said that the recessionary impact in 2017 led to uncertainty amongst their members and the industry at large, in particular the FOREX regime which was very unfavourable to operators.

“The mechanism in place to allow our members access to FOREX at the I&E rate was not well communicated by CBN and government disregarded our calls for a more enabling environment to prevail that would give our members encouragement and confidence that investments made will result in a viable Return-on-Investments (ROI) over a medium term period.

“If you dig into the numbers behind the 21 percent broadband penetration that NCC quotes, that was attained in Q4 2016, you will notice that it was on the back of 4G LTE and initial 4G LTE- deployments that were made in that year, however, there has been no further significant deployment and expansion of these ‘high speed internet networks’ alongside MNO(s) 3G networks. Our members, did not see and still do not see any viability in further bringing in hard earned money into an environment that appears hostile to them. Until Government seriously addresses the multiple taxation issue, multiple regulation and the harmonization of taxes and removal of exorbitant Right of Way charges applied to our members then there wasn’t and there still isn’t any logical or business reason for further investments to be made by them.”

“Just to emphasis the point, the INFRACO licenses were created to address the neutrality in accessibility, affordability and availability of undersea fiber into the hinterland that was the missing piece to ensure ubiquitous broadband infrastructure can be made available to the masses. What we witnessed and the records are there for all to see, is the numerous delays and slowing down of government to assist in the realization of the implementation – without government’s full buy-in there were mixed signals sent to the investment community as to exactly how this was going to be realized. So in Jan 2018 we are still yet to witness any rollout of any fiber by the two INFRACO operators that were licensed in 2015-16 and as yet the remaining five INFRACO licences are still pending – with less than 12 months to go, it’ll take a miracle to move the 21% to 30% by any measure,” he added.

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Five interesting  technology trends  for 2018

Five interesting technology trends for 2018

(FILES) This file photo taken on March 20, 2017 shows a robot interacting with visitors at the Soft Bank robotics stand at the Cebit technology fair in Hanover, Germany. Technology has long impacted the labor force, but recent advances in artificial intelligence and robotics have heightened concerns on automation replacing a growing number of occupations including highly skilled or “knowledge-based” jobs. PHOTO: Odd ANDERSEN / AFP

It does not really count if you are a tech enthusiast or an ordinary consumer, you will always look forward to the tech developments especially the tech trends that will make a difference in the future or New Year. Jumia Travel, the leading online travel agency, highlights 5 technology set to define 2018.

Artificial Intelligence
Artificial intelligence (AI) will be bigger this year. More and more organisations will embrace AI which is made possible through machine learning algorithms and will be incorporated in uncountable applications.

5 Generation Technology
This year, developers and engineers are getting ready to make a new generation of internet possible. By the end of 2019, 5G networks and phones with 5G will be available. 5G internet has the potential to be almost 10 times faster than 4G, making it even better than most home internet services.

Data overload
In 2018, data collection is going to become an even higher priority as companies have seen the advantage of collecting consumer data. With consumers talking to smart speakers throughout their day and relying on digital devices for most of their daily tasks, companies will soon have access to big amounts of personal data.

Automation
Automation is inescapable as robots are becoming more effective in performing jobs. AI has become advanced enough to replace at least some white collar jobs for years. 2018 may be the year that we see more sweeping job transformations and companies making big technology changes by automating functions.

IoT becomes Blockchain IoT
The Internet of things (IoT), which involves adding smart sensors to connected devices so that users can do things like asking Amazon’s Alexa digital assistant to turn off the lights or order a pizza. Combining IoT with blockchain —or BIoT—brings in a whole host of new services and businesses. For example, BIoT can be used to track shipments of pharmaceuticals and to create smart cities in which connected heating systems better controls energy use and connected traffic lights better manage rush hour.

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World Fintech holds second national conference

World Fintech holds second national conference

Former Chairman, Nestle, Chief Olusegun Osunkeye (left); President and Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Olusegun Ajibola; Founder and Executive Director, Digital Finance Institute (Canada), Christine Duhaime; Minister of Industry, Trade and Investment, Dr. Okey Enelamah; Chairman, Fintech Associates Ltd, Dr. Segun Aina and Group CEO, Ecobank, Ade Ayeyemi at the first National Technology and Artificial Intelligence Conference in Lagos….

The second National Fintech Conference will hold from January 25 to 26, 2018. This is coming on the heels of its successful first edition, which held in April 2017 and was a sold out event with participants cutting across various industries from over 20 countries across the world.

The event, which will be jointly hosted by Fintech Associates Limited, Chartered Institute of Bankers of Nigeria (CIBN), Center for Financial Studies, FintechStage (Italy), Fintech Association of Nigeria (FAN) and other local and foreign partners, will hold at the Landmark Centre, Plot 2-3, Water Corporation Road, Victoria Island, Lagos.

This year’s edition promises to herald the contemporary thinking and discovery in financial technology and its dynamism. No fewer than 800 participants comprising individuals and corporate organisations of different sectors from various countries around the globe are to engage and chart a path for speedy growth of Fintech in Nigeria and Africa.

Some of the participating institutions include the International Monetary Fund (IMF), the Central Bank of Nigeria (CBN), Ecobank, Infinitisys, Accion Venture Lab, MainOne Cable, Systemspecs, Softalliance, Courteville Business Solutions and other corporate organisations.

The conference will feature high-profile speakers, experts and public figures, innovative start-ups, the maiden Nigerian FinTech Award night and the formal launch of FAN, among others.

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