IXP: Medallion lifts 70% internet traffic in Nigeria

Medallion Data Centres says it carries over 70% of internet traffic at the Internet Exchange Point of Nigeria (IXPN) which allows service providers to keep local traffic within the country.

Engineer Ikechukwu Nnamani, Medallion Data Centres CEO who reveals this, says that the provider of carrier-neutral data centre services has become a leading force in the effort to retain local internet traffic in Nigeria.

IXPN was set up as a physical infrastructure that allows several Internet Service Providers (ISPs) and network operators to exchange traffic between their networks, generally referred to as autonomous systems, by means of mutual peering agreements, which allow traffic to be exchanged at no cost, according to the company.

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Engineer Ikechukwu Nnamani, Medallion Data Centres CEO.

Engineer Nnamani who this hint when announcing the appointment of an award-winning financial expert, Dr. Oluseyi Olanrewaju as the new Chief Financial Officer of Medallion Data Centres.

“Medallion’s data centers,” according to the company’s CEO, “are today the most connected facilities in West Africa. It is the region’s number one peering point connecting the sub-region to the rest of the world. Over 70% of all internet traffic switched at the Nigeria Internet Exchange takes place at Medallion’s data centres. 

“No other facility has the same number and concentration of operational International Submarine Fiber Operators (Mainone, Glo1, SAT3, WACs, ACE, etc); Digital Mobile Services Providers (MTN, Airtel, Glo, 9Mobile); LTE Service Providers (Smile, Ntel, InterC, etc); Long Distance Operators (Phase3, Multilinks-Telkom, MTN, Airtel, Globacom, etc); Metro Fiber Operators (Broadbase, 21st Century, VDT, IPNX, Suburban, etc); Critical National Contents Infrastructure (Nigeria Internet Exchange, Nigeria Internet Registration Agency, NCC CSIRT, NgREN, etc); OTT Service Providers (Google, Facebook, etc); VAS Providers (Brainshare, Platinum Index, Cedarview, Interra, etc); ISPs (Netfinity Africa, Internet Solution, Vodacom, Layer3, etc). Medallion ensures seamless interconnectivity and peering amongst these service providers.”

Medallion, which “ensures seamless interconnectivity and peering amongst these service providers” is now part of the Digital Realty group of companies under the Digital Realty-Pembani Remgro JV, he adds. 

Digital Realty, the largest global provider of cloud- and carrier-neutral data centers, colocation, and interconnection solutions, supports the world’s leading enterprises and service providers by delivering the full spectrum of data centre, colocation, and interconnection solutions, Engineer Nnamani adds.  

“Over 70% of all internet traffic switched at the Nigeria Internet Exchange takes place at Medallion’s data centres.” 

Engineer Ikechukwu Nnamani, Medallion Data Centres CEO.

Medallion Data Centres embarking on West African expansion

“Oluseyi joins us at the period we are embarking on exciting expansion across the West African region. Having recently become part of Digital Realty, world leading Datacentre provider, we want to continue our growth strategy and improve our service offerings to current and potential customers, providing unmatched service in the data center space. Oluseyi is joining us at a time we need his expertise in financial engineering to ensure not just successful implementation of new world-class data centres, but also making sure we continue to remain a profitable organisation in our current data centre operations.”

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Dr. Oluseyi Olanrewaju, Chief Financial Officer of Medallion Data Centres.

Medallion Data Centres’ new Dr. Oluseyi Olanrewaju, is an astute, diligent, value-driven finance professional, with over 20 years of progressive experience from global multi-billion-dollar companies who bring on board resourceful experience with a proven track record of success.

Prior to his appointment, Oluseyi was once the Executive Director Finance, Board member, and Chief Financial Officer (CFO) at Vodacom Business Africa (Nigeria). He is currently a member of the Governing Council of The Institute of Chartered Accountants of Nigeria

He has held various senior roles in multinational organisations like Mixta Africa, General Electric, MTN Nigeria, Dimension Data, PwC, Zenith Bank, Konga, among others. 

He is a seasoned Finance/IFRS/IPSAS expert and respected analyst on Corporate Governance and Financial Reporting matters, with practical experience spanning virtually all sectors of business endeavour and academics.

Known as an effective cross-functional team leader with creative problem-solving skills and decisiveness, he’s expected to foster productive partnerships with internal stakeholders and clients to achieve corporate goals, streamline operations and control costs to deliver substantial revenue growth in highly competitive business markets.

His financial acumen spans key areas including general administration, payables, revenue reporting, receivables, general ledger administration, tax management, audit, treasury operations, and risk management.

In 2019, he was named Chief Financial Officer of the year at the 5th Nigeria Finance Innovation Award held in Lagos.