News
Students Shine at Ogun NCS Organized Computer Quiz Competitions

Nigeria Computer Society (NCS), Ogun State Chapter held the final and prize giving ceremony of its computer quiz competition for different category of students, in furtherance of spreading and indoctrinating the use of information and communication technology (ICT) tools.
11 schools each from four designated zones of the State namely Abeokuta, Sagamu, Ota and Mowe qualified from the zonal stage of the earlier held for Yele Okeremi Young I.T. (Information Technology) Brains Competition for the primary schools and the maiden I.T. Talent Hunt competition for junior secondary schools respectively.
Grand finale of the competition held recently the African Church Grammar School, Ita-Eko, Abeokuta, comprised of both public and private schools.
The competition which was conducted using computer based test (CBT) had each school represented with two students.
The competition was keenly and feistily contested which resulted in tie-breaking rounds where some of the participating schools that had same winning points had to be separated.
At the end of the competition, two-time winners of the Yele Okeremi Young IT Brains Competition, Yomfield Nursery and Primary School, Obantoko Abeokuta emerged champions for the third time in the primary school category with The Ambassadors Nursery and Primary School, Ota and Seolad Nursery and Primary School, Mowe finishing as first and second runners up respectively.
In the junior secondary schools, Remo Secondary School, Sagamu scored the highest points to emerge as the winner of the maiden edition of the IT Talent Hunt competition while Seolad International College, Mowe and The Ambassador International School, Ota won the second and third positions respectively.
While speaking the Commissioner for Education, Science and Technology who was represented by Mrs. Oluwaseun Olayinka lauded the society for their efforts at ensuring information technology is used and embraced by all and sundry for national development. She encouraged participants to put in their best and win laurels for the State, which is noted for excellence and that spread the gospel of IT to others.
Winners were presented with trophy and prizes for their schools and individually for their brilliance and excellence in the information technology competition.
In his address, the Chairman of the society, Alhaji Abdul-fattah Odusanya was deeply elated for the participation from schools and the high level of brilliance that was in play during the competition noting that quality was displayed going by the results.
He commended the teachers and mentors for a job well done on their students. The Chairman who coincidentally is an alumnus of Remo Secondary School that emerged winner of the IT Talent Hunt competition was happy for the victory by the government school, saying it shows that academic excellence is not lost in our schools.
Meanwhile, The Ambassadors International School, Ota won the state stage of the NCS National Whiz Kids competition for senior secondary schools while the 2014 national winner of the competition, Iganmode Grammar School, Ota and Deeper Life High School, Abeokuta finished in the second and third positions respectively.
The three schools will represent Ogun State and compete in the South West zonal stage to determine the school to represent the zone in the NCS International Conference to be held in Abuja from July 18-20. Ogun State has won the competition two times in 2012 and 2014.
Mr. Seyi Bamgboye, the Whiz Kidz competition Coordinator is optimistic that the initiative of the Ogun State Chapter of the Nigeria Computer Society will produce young IT entrepreneurs, programmers and software developers.
He recalled that during his own higher institution days, only one computer system was available in the laboratory and students had to jostle and struggle for its use to carry out very basic computer programming assignment when compared to the high level programming being taught in schools presently.
In attendance were the representative of the State Honourable Commissioner for Education, Science and Technology, Chairman of the society, Alhaji Abdul-Fattah Odusanya, the immediate past chairman of the society, Dr. ‘Bukola Onashoga, state executive council (SEC) members and other members of the society.
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News
NIA Questions Legality of Reps’ Financial Probe

The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.
In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.
It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.
The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.
In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.
“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.
“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.
“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”
Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.
“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.
17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.
News
Horn of Africa Leaders Seek Enhanced Digital Integration for Increased Regional Growth

Finance ministers and development partners from the Horn of Africa have called for enhanced digital integration to boost trade, drive economic growth and promote regional stability during the 25th Ministerial Meeting of the Horn of Africa Initiative (HoAI).
Held in Nairobi, on July 14, the meeting was co-chaired by the African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo and Somalia’s Minister of Finance, Bihi Iman Egeh. Discussions underscored the critical role of digital integration in reducing trade barriers, boosting government service delivery and creating employment — particularly for the region’s youth.
“Digital technologies are shaping today’s economy and tomorrow’s industries. By embedding these technologies into our programs, we can not only improve inclusion but also leapfrog outdated development models,” said Nwabufo.
She called for digital integration a “central enabler” in each of the Horn of Africa Initiative’s pillars – trade, infrastructure, resilience, and human capital,
Learning through experience
Drawing from global and regional success stories, speakers highlighted the transformative potential of technology-led development. The ministers pointed to the Philippines as a strong example, where ICT has generated millions of jobs in business process outsourcing. Similarly, Kenya’s fintech innovation—especially the success of M-PESA—was cited as a model for scaling digital financial services across the region.
Participants urged governments to proactively foster digital ecosystems by capitalizing on the demographic dividend, identifying infrastructure upgrades, tighter regulatory reforms, and digital skills trainings as priorities to enable broader participation in the digital economy.
Minister Egeh reiterated the need for more coordinated regional efforts to create the enabling environment required for accelerated digital integration and expansion. He referenced the HoAI Digital Policy Matrix, adopted in 2023 which provides a blueprint on how to address key obstacles to achieving effective digital integration across the region.
Barack Makokha, Kenya’s Cabinet Secretary for National Treasury, underscored the importance of regionally-aligned public private partnerships and advocated for blended financing to reduce investment risk and expand digital access in underserved areas.
World Bank Vice President for Eastern and Southern Africa, Ndiame Diop, called for a comprehensive multi-pronged approach, combining cross-border coordination, large-scale financing, robust policy support, and digital infrastructure investments. He pointed out that such measures could transform digital integration into, “a powerful engine of economic transformation” for the Horn of Africa—ensuring no one is left behind in the digital era.
The meeting concluded with a shared recognition that sustained political will and the determination to implement a multifaceted approach are essential to unlocking the region’s economic potential and driving long-term growth.
The event also welcomed observers from the East African Community, Agence française de développement, and Shelter Afrique, reflecting strong regional and international backing for the HoAI in the development community.
News
CSCS Inaugurates Custodian Portal to Enhance Digital Access, Operational Efficiency

Central Securities Clearing System Plc (CSCS), Nigeria’s capital market infrastructure provider, has launched its Custodian Portal, a user-centric digital solution designed to optimise custodian operations through intuitive, secure and efficient features.
Haruna Jalo-Waziri, Chief Executive Officer (CEO), CSCS, announced this in a statement on Monday.
The CSCS is a Public Limited Company with a diversified shareholder base, which serves as the Central Securities Depository for the Nigerian Capital Market.
It serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds like the FGN Sukuk and the FGN Savings Bond, Equity-traded Funds, Real Estate Investment Trusts, Mutual funds and Commodities.
Jalo-Waziri said that the custodian portal offered a streamlined experience for market participants with powerful tools that facilitate comprehensive portfolio and trade management, document tracking, share transfer operations, client symbol search, and real-time access to vital data.
He explained that the portal, designed to operate through a flexible subscription-based model, empowered users to manage their records effortlessly and securely through convenient payment channels such as GTPay and Paystack.
According to him, “Digital transformation remains at the core of our strategy to enhance the efficiency, transparency and accessibility of Nigeria’s capital market services.
“The custodian portal is a significant leap in that direction, offering custodians a centralised platform to manage critical processes in real-time.
“We are excited about the value this innovation brings to our stakeholders, and we will continue to evolve the platform in line with users’ needs and industry trends.”
The CEO also explained that the portal was designed with user experience in mind with feature tools like portfolio viewing and downloads in PDF or Excel format.
He further said that it also featured tracking of stock movements across date ranges, inbox messaging and request tracking, as well as robust user management capabilities including role assignment and status tracking.
Similarly, the Divisional Head, Business Technology and Digital Innovation, CSCS Plc, Tobe Nnadozie, said that the portal aligned with CSCS’s drive to automate the market.
“In addition to the normal features, the platform is a part of an omnichannel platform for custodians, and includes API services.
“It also connects to the market-wide workflow, which CSCS has built to ensure secured communication and approvals across all major stakeholders in the market.
“The platform is well secured with best-of-breed cybersecurity solutions and our SOC,” he said.
The Custodian Portal reinforces CSCS’s commitment to leveraging technology to streamline back-office functions and support a more agile, data-driven capital market ecosystem.
All custodians in the Nigerian capital market have now been successfully on-boarded on the Custodian Portal, marking a significant milestone in CSCS’s ongoing drive to enhance collaboration, standardise operational processes, and promote digital adoption across the market.
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