Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

E-Business

Building Viable Software Ecosystem Through Collaboration

Published

on

Dr. Yele Okeremi, president, Institute of Software Practitioners of Nigeria (ISPON)
Kindly share this post

Software is a key enabler of technological innovation; societies that understand this and play in developing it are today enjoying the huge benefits that come with it.

 

India for instance generates greater percentage of its foreign earning from software development which is higher than what some countries with mineral resources generate from such resources.

 

For a country to develop its software ecosystem requires concerted efforts not by chance. It is against this backdrop that stakeholders in the ecosystem have urged for collaboration among different players, be it regulator, developers, marketers and consumers of the products.

 

Adewale Adeyipo, chief executive officer, CWG Plc, said that the purpose of developing a viable software ecosystem is to create mutual values and innovative solutions for the Nigerian market, leveraging on platform-based business models and digital technologies, thus leading to a switch from direct competition to mainly platform competition.

 

He cited the cellphone industry, where rivalry is no longer between Nokia and Blackberry but rather between the Android and iOS ecosystems. “The ecosystem of Android does include not only the Google platform but also all mobile phone manufacturers, application developers, users, telecommunication services, etc.

 

“Companies such as Nokia and Blackberry are out of the market because they have not considered this development at all. In a sustainable software-ecosystem, all stakeholders benefit. Where just one part of the ecosystem has nothing to gain, the whole ecosystem can potentially collapse.

 

“Therefore, a viable software ecosystem is where all the market players engage, connect and share ideas across active communities and networks, as well as identify and convert opportunities into business. In the current age of technology-driven financial services, no market participant can afford to operate in silos.

 

“In Nigeria, the market players are still not fully active as it should be. To achieve a viable software ecosystem in the financial service sector in Nigeria, all stakeholders need to collaborate actively. There must be deliberate policies and regulations that will drive such inclusiveness

 

“The survival of our software ecosystem is dependent on the collaborations between the government and the financial service sector ecosystem. Services like Payment solution service providers (PSSP), Payment gateways providers, Bill payments platforms, E-wallets, and mobile money operators and Disbursement/settlement service providers. However, I cannot overstate the role of government and government apparatus,” he said.

 

On achieving certification in software development, Yele Okeremi, managing director, Precise Financial Systems, said: “For a company to mature to the level of achieving certain levels of certifications there is a minimum level of capital that the company must have. Now in a situation like ours in Nigeria, where venture capital is not easy and bank financing are near impossible, you find a vicious cycle playing out in which, the company is unable to certify because it does not have resources to do so and it is also unable to get jobs, which could have provided the source of capital it needs because it is being discriminated against due to lack of certification.

 

“What smart economies do is therefore to provide some funding organization to help companies either by way of subsidy or matching grants to quickly get certified so that the vicious cycle can be broken and give way to a virtuous cycle of prosperity. That is what we have failed to do in Nigeria and I am very sad about that. It is the collective responsibility of all well-meaning Nigerians to rally round their indigenous companies and scale them to international standards.”

 

 

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

E-Business

FG Launches Online Citizenship, Business Management Platform

Published

on

Kindly share this post

Ministry of Interior has announced the launch of a new Online Citizenship and Business Management Platform in line with the Renewed Hope Agenda of President Bola Tinubu.

FG Launches Online Citizenship, Business Management Platform

A statement signed by Dr Magdalene Ajani, permanent secretary, Ministry of Interior’s said the initiative forms a key part of its ongoing reforms aimed at promoting transparency, enhancing operational efficiency, and significantly improving service delivery to the public.

The new digital platform is designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround times and improved user experience.

The platform allows users to apply for and manage business permits, ensuring that both local and foreign businesses operate legally in Nigeria.

It includes an Expatriate Quota System to manage work permits for foreign employees, helping companies hire skilled workers while complying with Nigeria’s immigration laws.

The Citizenship Administration and Management System provides a streamlined online process for applying, tracking, and managing Nigerian citizenship applications and related services.

Members of the public, corporate entities, and other stakeholders are expected to access the platform through the ministry’s website: https://interior.gov.ng , Direct Portal Access: https://candb.interior.gov.ng , or contact candb-support@interior.gov.ng for support and inquiries.

“The Ministry of Interior remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement read in part.

 

 

 

 

 

 


Kindly share this post
Continue Reading

E-Business

NITDA, CISCO Empower Youth with Digital Skills

Published

on

Kindly share this post

Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.

The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.

Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.

According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.

Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.

He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.

The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.

“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”

Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.

He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.

At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.


Kindly share this post
Continue Reading

E-Business

Cyberattack Could Cost it Up to $400m – Coinbase

Published

on

Kindly share this post

Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.

Cyberattack Could Cost it Up to $400m - Coinbase

The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.

While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.

Still, it will reimburse customers who were tricked into sending funds to the attackers.

Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.

The company has fired those involved, it said.

Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.

Coinbase shares extended losses after the report and were last down 6.5%.

“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.

“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”

The SEC declined to comment.

The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.

Security remains a challenge for the crypto industry despite its growing mainstream acceptance.

In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.

“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.

Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.

“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.

Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.

The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.

 

 

 


Kindly share this post
Continue Reading

Trending