Technology
BitMinutes Boosts Nigerian Economy with Blockchain Tech

By Modupe Gbadeyanka
Founder/CEO of BitMinutes Incorporated, Mr Tom Meredith, has expressed satisfaction with the impressive growth his company is recording in Nigeria few weeks after entering into the Africa’s largest market.
BitMinutes is a financial services technology company (FinTech) that leverages blockchain and tokenization for delivering its financial services to consumers.
Expanding into Africa through a strategic partnership with Nigeria-based BODC Trading & Investment Company, the program includes the creation of a Trusted Agent Network (TAN) in which the BitMinutes Nigeria team will lead an effort to identify and oversee TAN Agents, who are often store merchants.
TAN agents sell BitMinutes (BMTs), which can be converted to mobile phone minutes on a wide range of carriers and used as a store of value for making payments.
The BitMinutes Nigeria program has already trained over 100 agents, who are fielding dozens of new signups each day, and growing.
“We’re ecstatic that Nigeria’s citizens have embraced the BitMinutes Nigeria program,” Mr Meredith said, noting that, “They recognize that the economic incentives, including five percent cash back on purchases of BitMinutes and 12 percent annualized return on those BitMinutes that remain in their account, are very compelling propositions.”
And there are other benefits associated with BitMinutes, such as the ability to send BMTs to friends and family, which can be converted to mobile phone minutes on their respective carriers; convert BMTs into local currency (Naira) for deposit into bank account; and making purchases for goods and services at TAN retailers.
In both instances, the transactions are free, thanks to the efficiencies of the underlying blockchain technology.
Ravi Narain, the Director of the BitMinutes Nigeria program, believes it is only a matter of time before BitMinutes becomes ubiquitous in Nigeria.
“We’ve been very pleased with the interest of Nigerians, both in becoming trusted agents and BitMinutes account holders,” said Narain. “We are well on our way to making a real difference in our economy and the lives of our people.”
The economic constraints of so many communities in Africa have been on Meredith’s mind for years and were a driver in the creation of the BitMinutes technology.
But the technology has only been one piece of the equation. BitMinutes needed a business model to deliver on that promise, which is where the TAN comes in.
In fact, Inc. Magazine wrote last spring about how BitMinutes’ model could be a boost for small businesses that participate in the Trusted Agent Network.
Nigeria will serve as a proof point for BitMinutes, before the company advances the business model across the continent and in other developing nations throughout the world.
“This has been a long time coming,” said Meredith, who has an engineering degree from Stanford and an MBA from Harvard. “Blockchain-based financial services can bring a lot of good to the world. We are determined to show that in Nigeria.”
Technology
First Cohort of MTN Cloud Accelerator Kicks Off

By Modupe Gbadeyanka
The first cohort of high-potential startups selected for the newly launched Cloud Accelerator Programme of MTN Nigeria has officially commenced.
The accelerator is designed to help founders overcome growth bottlenecks by refining their business models, improving their operational efficiency, and creating investor-ready pitches.
The small firms were chosen from across Nigeria and other African markets through a rigorous selection process for their bold ideas and proven traction in addressing key challenges across fintech, health tech, agritech, edtech, AI, and cybersecurity.
The selected companies will embark on a 12-week journey of mentorship, technical integrations, and funding opportunities, powered by MTN’s expansive ecosystem and cloud infrastructure.
In addition to technical support, startups will receive access to funding networks and exposure to key investors, policy-makers, and ecosystem leaders.
Over the course of the programme, the selected startups will participate in intensive workshops led by industry experts, one-on-one mentorship sessions with leaders in the African tech and venture ecosystem, and hands-on support integrating MTN’s cloud APIs into their platforms.
The programme will culminate in a high-profile Demo Day in December 2025, where participants will pitch their refined solutions to an audience of investors, industry executives, and policy leaders.
This event is expected to attract significant interest from local and international venture firms looking to back scalable African tech ventures.
The Demo Day is not just a pitch event, but a showcase of Africa’s capacity to innovate and create solutions that resonate beyond our borders.
“This cohort embodies the resilience, creativity, and ambition of Africa’s tech ecosystem. By providing access to mentorship, cloud technology, and go-to-market support, we are positioning these startups to compete globally while solving uniquely African problems,” the Chief Enterprise Business Officer of MTN Nigeria, Ms Lynda Saint-Nwafor, said.
She described the MTN Cloud Accelerator as “a unique blend of infrastructure and opportunity,” noting that, “By hosting this programme locally, supported by the state-of-the-art Sifiso Dabengwa Data Centre, we are demonstrating our commitment to strengthening Africa’s digital backbone.”
Ms Saint-Nwafor also said, “The future of African innovation will be written by founders who are supported with the right infrastructure and networks,” adding that, “With the Cloud Accelerator, MTN is helping to create that future today.”
Applications for the next cohort of the MTN Cloud Accelerator are expected to open in early 2026, signalling MTN’s long-term commitment to building a robust pipeline of African tech companies equipped to thrive globally.
Technology
NCC Laments 1,100 Fibre Cable Cut Incidents Weekly

By Adedapo Adesanya
The Nigerian Communications Commission (NCC) has raised alarm over the increasing damage to telecommunications infrastructure nationwide, revealing that Nigeria currently records an average of 1,100 fibre cut incidents weekly.
The Executive Vice-Chairman of the NCC, Dr Aminu Maida, said during a Critical National Information Infrastructure (CNII) and Sustainability Conference in Lagos on Thursday that the commission also recorded 545 cases of access denial and 99 cases of theft on a weekly basis.
The event was organised by the Nigeria Information Technology Reporters Association (NITRA) in collaboration with the Association of Licensed Telecom Operators of Nigeria (ALTON) themed Critical National ICT Infrastructure and Industry Sustainability, Way Forward.
Mr Maida, who was represented by Mr Edoyemi Ogoh, Director, Technical Standards and Network Integrity Department, NCC, said that these incidents threatened service delivery, operational stability, and national security.
“These are not just numbers. They reflect a national emergency. Every fibre cut, every theft, and every case of sabotage contributes to dropped calls, failed transactions, interrupted emergency services and economic losses.
He added that the damages had become a major barrier to sustaining the country’s digital economy, which relied heavily on resilient telecom infrastructure.
“We are ensuring Nigerians understand that damage to telecom infrastructure affects not just big companies, but ordinary people who depend on mobile services, ATMs, hospitals and security alerts,” Mr Maida said.
He added that collaboration with the Office of the National Security Adviser (ONSA) was key to aligning telecom infrastructure protection with the nation’s broader security architecture.
The NCC boss further identified access denial to base station sites as a growing challenge, noting that in many cases, operators were prevented from conducting essential maintenance and operations, thereby prolonging network outages.
He noted that the situation was further compounded by Right-of-Way (RoW) bottlenecks, complex and delayed permit processes, and the rising cost of operations due to heavy reliance on diesel-powered generators, stating, “The security situation in parts of the country also poses a real barrier to safe and timely maintenance of telecom sites.”
Technology
Truecaller’s Monthly Active Users in Africa, Middle East Hit 100 million

By Aduragbemi Omiyale
A significant milestone has been reached by the leading global platform for verifying contacts and blocking unwanted communications, Truecaller, as its monthly active users in the Middle East and Africa (MEA) region have surpassed 100 million.
A statement from the organisation disclosed that the figures were 19 per cent more than its active monthly users in August 2024.
It was also stated that numbers are from its users who downloaded the Trucaller app on their Android and iOS devices.
Some of the largest markets in the MEA region for Truecaller are Egypt, Nigeria, South Africa, Kenya, Algeria, Ghana, and Jordan.
Typically, Truecaller is used on 20-45 per cent of connected smartphones in these markets, reflecting its massive adoption for blocking unwanted communications.
Commenting on the this development, the chief executive of Trucaller, Mr Rishit Jhunjhunwala, said, “With the Middle East and Africa experiencing significant growth in smartphone adoption and mobile data adoption, we’re really happy that we’re able to solve communication problems for individuals and businesses in that region.
“MEA, like India and many other markets, are mobile first markets with your mobile number being the primary identifier and Truecaller has always grown organically in such markets.
“We’re continuing to strengthen our organization and our partnerships in the region, because we believe that the MEA is poised for significant growth for many years ahead.”
Trucaller, which has its headquarters in Sweden, was listed on the Nasdaq Stockholm in 2021, and has over 450 million active users, with more than a billion downloads since launch and close to 56 billion unwanted calls identified and blocked in 2024 alone.
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