Business

Towers wins big in Tech Innovation Awards 2023

Published

1 year ago

October 8, 2023

Towers wins big in Tech Innovation Awards 2023

IHS Towers, one of the largest telecommunications infrastructure providers in Africa, Latin America and the Middle East by tower count, has emerged as one of the biggest winners of the Tech Innovation Awards (TIA) 2023, held at the Oriental Hotels, Lagos.

IHS won in three categories of the awards emerging as the ‘Telecom Infrastructure Company of the Year’, ‘Best Sustainable Tower Company of the Year’ and ‘Tower Team of the Year (IHS Management Team)’, cementing the company’s leadership in the space.
IHS Towers was founded in Nigeria more than 20 years ago, with operations today in 11 countries, across Africa, Middle East and Latin America and offices across 5 continents. IHS Towers listed on the New York Stock Exchange in October 2021 – the first company, we believe, founded in Nigeria to achieve such a feat.

IHS Nigeria is the largest of IHS Towers’ operational markets where it owns over 16,000 towers and provides services across 6 product offerings. Through its services, IHS Nigeria provides connectivity across the country and indirectly employs over 40,000 Nigerian citizens. IHS Nigeria is an employer of choice and through its 4 sustainability pillars, provides support for hundreds of thousands of Nigerians.

Now in its 7th edition, the TIA (formerly, Nigeria Tech Innovation and Telecom Awards) has grown to become the most esteemed award event in the ICT industry, to celebrate organisations, individuals and the private sector for distinguishing themselves over the course of each year. It brings industry members together to celebrate their achievements among their peers.

The award also celebrates individuals at the forefront of digitization with innovative products and services within the ICT sector. “We are here to celebrate the brilliance, ingenuity and incredible impact of the tech industry in Nigeria. If you look through every sector, if you have not infused technology in your business process, then you are lagging behind” Akin Naphtal, Chief Executive Officer at InstinctWave, said in his welcome address.

According to Akin Naphtal, Nigeria has witnessed an exponential rise in tech startups in recent years, with over 125 active tech hubs and incubators according to the World Startups report. “I think it’s quite worth it to reward and recognise those pushing the frontier of the sector.

Naphtal said further that the TIA has grown beyond being a mere industry award, to a rather unique time with a fine blend of entertainment, peer networking for industry experts to celebrate outstanding performances and unique opportunities for stakeholders to network, entertain their clients and reinforce relationships with partners. “TIA has become a symbol of excellence that marks leadership, quality and innovations from a broad range of organisations in the ICT sector”.

Other big winners on the night were Medallion Datacentre, Avanti Communications, Huawei, Broadbase Communications, and Reliance Info Systems. Femi Isaac Olatunji, lead consultant, Offset, emerged as the Tech PR Consultant of the year, while Ikechukwu Nnamani, the chief executive officer of Medallion Communication limited won the TIA Datacentre Lifetime Achievement award.

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Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

22 hours ago

December 21, 2024

Sahara Weekly

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

1 day ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

2 days ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.