Author: Rommy Imah

The Federal Government has halted the implementation of the controversial four per cent Free on Board (FOB) levy introduced by the Nigeria Customs Service (NCS), following an outcry from importers, trade experts, and business operators who warned of its damaging effects on the economy. The suspension was conveyed in a letter dated Monday, September 15, 2025, and addressed to the Comptroller-General of Customs. It was signed by the Permanent Secretary for Special Duties in the Ministry of Finance, Mr. Raymond Omachi, on behalf of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who also serves…

The National Information Technology Development Agency (NITDA) has announced a public review session for the Draft Digital Public Infrastructure (DPI) Live Events and the Draft Technical Standard for the Nigerian Data Exchange (NGDX). The announcement, which was contained in a statement signed by Mrs Hadiza Umar, Director, Corporate Communications and Media Relations Department of NITDA, stated that the session will hold on Thursday, September 18, 2025, at the Digital Economy Complex, NCC Building, Mbora, Abuja, by 9:00 AM. The Agency said the session forms part of NITDA’s Rule-Making Process (RMP), designed to co-create regulatory instruments that are trusted, inclusive, and…

Oracle’s latest earnings have done more than excite Wall Street; they have catapulted its co-founder, Larry Ellison, to the top of the global wealth rankings. Ellison, 81, overtook Tesla boss Elon Musk on Wednesday to become the world’s richest person, according to the Bloomberg Billionaires Index. His fortune surged by an unprecedented $101 billion in a single day, following Oracle’s blockbuster quarterly results that signalled robust growth in its cloud business. The rally pushed his net worth to $393 billion, edging past Musk’s $385 billion. The rise marks the largest one-day wealth gain ever recorded on Bloomberg’s index, underscoring how…

At its annual Zoholics Nigeria conference in Lagos, global technology company Zoho highlighted the strides Nigerian businesses are making in responsibly adopting artificial intelligence (AI) while safeguarding user privacy. The company also announced that it recorded a 75% customer growth in the country in 2024, underscoring Nigeria’s role as one of its fastest-growing markets in Africa. The insights were drawn from a new study titled ‘The AI Privacy Equation: The Nigerian Model of Responsible AI Adoption,’ conducted by Arion Research on behalf of Zoho. The report revealed that Nigerian enterprises are setting a global benchmark by balancing AI integration with…

Nigeria’s tech future took a bold leap forward at the Eko Convention Centre in Lagos, where Zinox Technologies, in partnership with KongaCares, officially unveiled the Computerise Nigeria Initiative during the recently concluded GITEX Nigeria 2025. The ambitious one-computer-per-child programme is set to equip at least one million young Nigerians with laptops and essential digital infrastructure. More than just providing devices, the project integrates a complete ecosystem of support, including uninterrupted power through iPower inverters, satellite internet connectivity powered by Starlink, and sustained training alongside after-sales service. The launch, described as one of the most daring corporate social responsibility commitments in…

Global cybersecurity company, Kaspersky, has reaffirmed its growing interest in Nigeria by entering into a strategic Memorandum of Understanding (MoU) with the National Information Technology Development Agency (NITDA). Speaking at the signing ceremony held on the sidelines of GTIEX Nigeria in Lagos, Kaspersky Africa’s General Manager, Chris Norton, expressed optimism about the collaboration and the country’s digital future. “We are doubling down on the Nigerian market. Africa doesn’t need charity, it needs skills. Through public-private partnerships like this, we can accelerate value creation for communities and governments,” he said. Norton added that the company’s support goes beyond the MoU, noting…

Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has declared that Nigeria is ready to lead the global future economy through innovation, resilience, and deliberate policy support. Addressing participants at GITEX Nigeria, Lagos edition, Inuwa said the event signalled a bold declaration of intent. “For too long, the future economy has felt like science fiction. We talked about it as a distant, abstract concept. But today, right here in Lagos, that future is a tangible reality,” he said. He traced the country’s digital journey back to the introduction of the cashless policy, which spurred fintech growth and…

Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has projected that Nigeria’s ICT sector will contribute 21 per cent to the nation’s Gross Domestic Product (GDP) by 2027, up from its current 16–18 per cent. Delivering his remarks at the opening of GITEX Nigeria in Lagos, Tijani underscored Nigeria’s transformation into one of the world’s most promising digital economies. “Nigeria is not just a market, we are a major innovation and creative country. Lagos, in particular, is where the energy of Africa collides with the ambition of the future,” he said. He explained that Nigeria’s stock exchange now…

Nigeria’s fast-rising technology ecosystem took centre stage at the debut of GITEX Nigeria, with Ms. Trixie LohMirmand, Executive Vice President of Dubai World Trade Centre and Chief Executive Officer of KAOUN, hailing the country as “a global beacon of innovation, resilience, and entrepreneurial grit.” Delivering the keynote at the opening ceremony of the Lagos edition of GITEX Nigeria, LohMirmand said Nigeria’s innovation model is distinct from those of developed economies, as it is powered less by capital and more by necessity. “Nigeria does not follow the same rules as Silicon Valley or other developed economies,” she remarked. “While other economies…

–Applauds Bolaji Agbede’s Transformative Tenure Access Holdings Plc has confirmed the appointment of Innocent Ike as its new Group Managing Director and Chief Executive Officer (GMD/CEO), effective August 29, 2025, following regulatory approval. His appointment brings to a close the 18-month stewardship of Bolaji Agbede, who has steered the company in an acting capacity through a period of stability and significant achievements. In a statement on Wednesday, Sunday Ekwochi, company secretary, explained that Agbede would revert to her role as Executive Director, Business Support, due to regulatory requirements on the requisite years of experience for the CEO of a financial…