DBI Insight: Policy and regulation shaping market direction - ITREALMS

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Evolving regulatory frameworks are playing a defining role in shaping Nigeria’s digital ecosystem.

According to DBI analysis, policy clarity, enforcement, and coordination will significantly influence investment flows and long-term sector growth.

— DBI Intelligence Report (Q1 2026)

GigaLayer acquires Registeram.com, strengthens domain, hosting services market dominance - ITREALMS

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Prominent player in Africa’s cloud infrastructure and domain services sector, GigaLayer, has strategically acquired Registeram, a pioneering Nigerian domain registration and hosting firm, reports ITREALMS.

This move marks a significant consolidation in the regional tech ecosystem, as GigaLayer accelerates its aggressive expansion strategy to dominate digital infrastructure markets across Nigeria and the broader continent.

Winning End-of-Year Market in Nigeria: Strategies for Unstoppable Growth by Reuben Kalu - ITREALMS

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The final quarter of the year, especially November and December, is the highest-selling season for many businesses in Nigeria. Consumers are more eager to spend, festive activities drive demand, and competition among brands intensifies. The question is: how do you ensure your business doesn’t just participate, but dominates? The answer lies in strategic positioning. 

To attract the larger market, businesses must go beyond price slashes and quick promotions. Instead, they need to study their market, understand their target audience, and build a comprehensive marketing campaign that covers every aspect of the sales funnel.

Maida: NCC's market-driven pricing sparks $1bn investment in telecom sector - ITREALMS

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The Nigerian Communications Commission (NCC's) decision to adopt market-driven pricing in the telecom sector has led to a significant investment boost of over $1 billion in 2025, reports ITREALMS.

This policy shift, introduced in the first quarter of 2025, allowed mobile network operators to adjust tariffs by up to 50% after nearly a decade of stagnant pricing.

Makinde empathises with traders over Aleshinloye market fire incident - ITREALMS

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The Oyo State governor, ‘Seyi Makinde, has commiserated with traders, who lost properties to a fire outbreak, which destroyed shops and goods at the popular Aleshinloye Market in Ibadan, in the early hours of Wednesday.

The governor, who was represented by the Deputy Governor, Barr. Abdulraheem Bayo Lawal, expressed the government’s sympathy to the victims of the fire outbreak during an on-the-spot assessment of the incident.

Ozi app debuts, affords travelers extra cash, targets $460bn global package delivery market - ITREALMS

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A pioneer community-driven delivery app, Ozi (www.ozionline.com) on Monday, made a global launch, offering users a new way to send packages and earn extra cash, reports ITREALMS.

By connecting people traveling with those needing package delivery, Ozi turns everyday trips into profitable opportunities, aiming to disrupt the global parcel delivery industry, also known as the Courier, Express, and Parcel (CEP) market, currently valued at around $460 billion.

NNPC boost oil production as Utapate crude grade hits global market - ITREALMS

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...OML 13 asset eyes 80,000 bpd by end of 2025

The NNPC Ltd has officially unveiled the Utapate crude oil blend, before the international crude oil market, reports ITREALMS.

NNPCL, ITREALMS recalled had in July, 2024, alongside its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain.

NNPCL not sole offtaker, says open market to lower prices from any domestic refinery - ITREALMS

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The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted allegations by the Muslim Rights Concern (MURIC) that recent changes in pump price was to undermine Dangote Refinery Limited (DRL), reports ITREALMS.

Chief Corporate Communications Officer, NNPCL, Mr. Olufemi Soneye in a press statement available to ITREALMS made this rebuttal, saying that NNPC is not the sole offtaker of all products from the refinery.

TD Africa, Bosch boost ties on Nigerian consumer electronic market - ITREALMS

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To further showcase its acknowledgment and endorsement of the Nigerian-born, Africa-wide technology distribution company, TD Africa, a delegation of Robert Bosch GmbH, popularly known as BOSCH, has paid a courtesy visit to the tech distribution giant at its Victoria Island, Lagos, head office. 

This pivotal visit marks a renewed commitment of the German multinational engineering and technology company to TD Africa as the strategic ally for Bosch business in Nigeria.

Airtel Nigeria leads telecom market surge - ITREALMS

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In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year.

According to the NCC data, by the end of March 2024, Airtel Nigeria has grown its market share over the last year into a remarkable 29%, solidifying its position as a leading telecom provider in the region.

Tecno excites market with Camon 30 series Promo- ITREALMS

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The exciting news for smartphone enthusiasts is that TECNO has officially unveiled the highly anticipated CAMON 30 series.

This, industry observers said, sets a new standard for innovation and excellence in mobile technology.

Africanlaw set to offer global market direct access to Africa lawyers - ITREALMS

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Across the vast and diverse continent of Africa, billions of dollars in trade related transactions are registered year on year, coupled with a host of interactions that require the support of legal bodies to ensure local and international laws are adhered to. 

AfricanLaw, co-founded by seasoned and passionate Intellectual Property law and innovation practitioner Simbarashe Makahamadze, is gearing up to participate at Web Summit Qatar 2024 from the 26th-29th of February 2024, joining thousands of international entrepreneurs, investors, and leaders in highlighting the future of tech in solving some of the globe’s most complex connectivity challenges.

FOREX Market: CBN restates commitment to boost liquidity - ITREALMS

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The Central Bank of Nigeria (CBN) has reiterated commitment to boost liquidity for the Foreign Exchange Market, reports ITREALMS.

Director, Corporate Communications, Dr. Isa AbdulMumin gave this assurances on Thursday in a press statement available to 
ITREALMS, saying they will continue to promote orderliness and professional conduct by all participants in the Nigerian Foreign Exchange Market.

FBNHoldings wows market with 2023 H1 earnings blowout - ITREALMS

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FBNHoldings (FBNH), the parent company of Nigeria’s pioneer Bank, First Bank of Nigeria Limited published stellar results, confounding analysts, and exciting investors. Equally as amazing as the spectacular results, which saw earnings per share surge by 234% to N5.19 was the fact that the banking behemoth was able to eke out this profit in a financially hostile policy environment where bank earnings have been squeezed. The Bank’s holding company has also been a subject of shareholder squabbles, which ordinarily should be a distraction to the management and a drag on profitability. But in spite of these challenges, the outstanding results are a testimony to the depth of its management and its capacity to execute a robust strategy.

What is Unique About FirstBank? (Late Entrant to African Markets) As a late entrant into the scramble for market share in the Sub-Saharan African continent, it was able to play catch up with its peers in this respect.

Fortifying your marketplace: Preparing for 2023's largest market season by Reuben Kalu - ITREALMS

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The marketplace landscape is ever-evolving, shaped by consumer behavior, technological advancements, and global events. As we approach the highly anticipated 2023 biggest market season, businesses and entrepreneurs must prepare meticulously to capitalize on this opportune moment. 

The convergence of festive seasons, holidays, and special events during this period presents a unique chance to boost sales and establish a robust marketplace. This essay delves into the key strategies and best practices for building a solid marketplace ready for 2023's biggest market season, ensuring businesses thrive and meet the growing demands of consumers.

Shell Nigeria Gas commissions indigenous firm to carry out largest domestic gas market survey - ITREALMS

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Nigeria’s leading domestic gas distribution company, the Shell Nigeria Gas Limited (SNG), has commissioned a far-reaching gas market survey in 33% of the states in Nigeria to gain deeper market insights for entry and to accelerate the achievement of Nigeria’s Decade of Gas objectives. SNG has engaged notable indigenous consulting firm, Philips Consulting Limited, for this project which has the potentials to advance Nigeria's energy transition agenda.

SNG’s Managing Director, Ed Ubong, said, “The outcome of this survey will provide additional insights into gas critical role in transforming Nigeria to an industrialized nation. This key commercial activity of identifying gas supply and expansion opportunities cuts across all regions in the country and would leverage Nigeria’s $2.8 billion Ajaokuta-Kaduna-Kano (AKK) pipeline project to penetrate the key Northern markets.”

Konga upsets Nigerian PCs, devices market with mega computing sales - ITREALMS

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The much-anticipated Konga Mega Computing Sales powered with huge discounts and incentives and same day delivery goes live from Monday, August 29, 2022 for two weeks.

According to the management of Konga, additional discounts are on offer for customers via its CSR arm, Konga Kares, thereby making it the most discounted computing sales of all seasons this year. Feelers indicate that Konga guarantees to refund customers the difference in price if they find cheaper prices for same genuine products in any channel in Africa.

Market Square participants applaud OOUAA Lagos - ITREALMS

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Participants at the second edition of the Market Square organised by the Lagos State chapter of the Olabisi Onabanjo University Alumni Association (OOUAA), have commended the group, reports ITREALMS.

Some of the participants who spoke to ITREALMS at the event with theme "Another great Opportunity to Expand your Business Network" commended especially the executive led by Alhaji Lukman Idris for the initiative.

Ericsson tops Frost Radar on 5G network infrastructure market ranking - ITREALMS

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For the second consecutive year Ericsson has been ranked as the leader in the Frost Radar™: 5G Network Infrastructure Market 2021 report. This shows the company’s ability to scale its innovations and growth in the field consistently from 2G, 3G, to 4G and now 5G.

By ranking the highest in the latest Frost Radar™ report, Ericsson confirms its status as the leader in terms of both innovation and growth in the 5G network infrastructure market which, according to business consulting firm Frost & Sullivan, spans 5G radio access networks (RAN), transport networks, and core networks.

Fredrik Jejdling, Executive Vice President and Head of Business Area Networks, Ericsson, says: “The Frost Radar™ report recognizes Ericsson’s investments in technology leadership for customers’ benefit. By focusing on constant innovation and 5G portfolio development, we aim to stay ahead of the curve and provide our customers with the solutions they need for building the future networks.”

The Frost Radar™ independently evaluates companies with a significant influence on the market in a particular industry. As highlighted in the Frost Radar™ methodology, the Innovation and Growth scores are used to rate a company’s focus on continuous innovation and ability to translate the innovations into consistent growth.

The report plots top industry participants, standing out among companies positioned as the overall market leaders, leaders in a market segment, or thought leaders in certain segments.

Commenting on Ericsson’s top result by the Growth Index, Troy Morley, Industry Principal, Frost & Sullivan’s Information & Communication Technology group, and the author of the report, says: “Ericsson has spent the last few years adjusting its overall strategy to focus on profitability. The company has indicated that its strategy has been successful, even with the challenges brought by the pandemic. As a leader in the 4G infrastructure market, Ericsson enters the 5G market with a large customer base. The company has done an excellent job keeping its current customers and adding new customers.”

On top of the *5G commercial agreements already announced, Ericsson still maintains a significant pipeline of customers who are expected to move to 5G over the coming years.

Regarding Ericsson’s top positioning based on the Innovation Index, the report highlights the company’s ability to consistently scale its innovations on the global level across generations of mobile technologies – from 2G to 5G. The **108 live 5G networks powered by Ericsson’s products and solutions in 48 countries, which is the highest level that Frost & Sullivan has seen publicly reported, come as credible proof to the Frost Radar™ assessment.

“Ericsson invests significant amounts in R&D, which is essential in a market where technology is always evolving,” says Morley. “Having CSP market as the primary focus, Ericsson’s 5G portfolio includes all areas of 5G network infrastructure, previous generations of network infrastructure, as well as private networks.” Ericsson’s 5G network infrastructure portfolio comprises 5G RAN, dual-mode 5G Core, and 5G Transport that address all aspects of 5G deployment – from providing low latency and higher bandwidth, ensuring instant response times for users and the future readiness of the network for CSPs. Ericsson’s 5G network offering also includes Ericsson Radio System, 5G Carrier Aggregation, Ericsson Spectrum Sharing, network slicing, service automation and 5G monetization. CSPs are empowered with 5G solutions that enable the modular approach when switching to the cloud-native 5G network or expanding their network for new business opportunities.

Flutterwave & Jumia: Red-flagging African tech startups in global market - ITREALMS

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The latest report of insider trading and other allegations of operational scandals at Flutterwave echoes similar unethical deals that haunted Jumia shortly after its listing at the New York Stock Exchange in 2019.

Flutterwave, founded in 2016 by Nigerians was registered in the United States (headquartered in San Francisco). Going by its roaring success a few years after it opened shop, raising $170 million from a group of international investors to expand its customer base, which pushed its valuation up to more than $1 billion, it has been fittingly described as Africa’s unicorn.