E-Business
CNN Explores How Microsoft is Planning to Upskill Five Million Nigerians

In the latest episode of Marketplace Africa, CNN’s Cyril Vanier met Akin Banuso, the Country General Manager for Microsoft Nigeria-Ghana, to discuss how the tech giant is driving digitisation across the continent.
For more than two decades, Microsoft has been growing its presence across Africa, and now their sights are set on expanding in Nigeria. Banuso described why the country is so important for Microsoft, “The business environment definitely is changing in Nigeria.
It’s evolving. I would say it’s a very agile, marketplace. There’s a lot happening all the time. We see startups coming up and there is opportunity because of the sheer size of the market itself.”
Microsoft has announced that it is working with the Nigerian government to commit to upskilling 5 million people in Nigeria alone.
Banuso told Vanier about bridging the gap between talent and skill, “We know that we are in the digital economy and that there is massive unemployment in these parts of the world. We also know that it’s a young continent.
“So you have a lot of young people who actually have the talent, what they lack is the skills. So what we want to try and do, working with the government, is to bridge the gap between the talent and the skills, and at the same time, point them towards the jobs that are in demand today and will be in demand tomorrow.”
While technology is advancing in various different ways, Banuso believes that artificial intelligence (AI) will be the next exciting development, “The areas that I see real progress recently would be in AI. So in the field of AI, you will see Microsoft injecting AI into everything that we do.”
Microsoft’s long-term goals on the continent include partnering with the FinTech sector to drive growth in African businesses.
Banuso spoke about the plan for the next ten years, “In the next five to ten years, I think the future in Africa looks very good for Microsoft because there is a lot of work that is being done, which I would call foundational, which is working with governments in Africa to understand the environment.
“Working with customers to understand what their pain points are, and then shape ourselves to be able to come up with the right solutions and not just from ourselves, but working in partnership with other organisations or the global organisations to ensure that there is a brighter future.”
Banuso is confident that the global leadership at Microsoft, and the company as a whole, is committed to promoting growth across Africa.
He told Vanier, “The company is very keen and very eager to give back and also to support the growth aspirations of African countries.”
E-Business
Nigeria Launches Cybercrime Team with Commonwealth, UK Support

Nigeria recently launched a new joint case team to step up its response to cybercrimes that affect people and businesses at home and abroad.
The ‘Joint Case Team on Cybercrime’ brings together Nigeria’s key justice and security agencies to work as one, making it easier to detect, investigate, and prosecute digital offences.
It is supported by the UK National Crime Agency, the UK Foreign, Commonwealth and Development Office, and the Commonwealth Secretariat, as part of a wider effort to promote international cooperation on cybercrime.
Speaking at the launch in Abuja, Prince Lateef Fagbemi SAN, minister of justice and attorney general of the federation described the initiative as “a bold and transformative stride in Nigeria’s justice system.”
He said that although Nigeria has a national legal framework to address cyber offences, laws alone are not enough.
Nigeria is among the countries most affected by cybercrime around the world, with increasing financial losses.
E-Business
INEC Sets Up AI Division to Strengthen Electoral System

Independent National Electoral Commission (INEC) has announced the establishment of an Artificial Intelligence (AI) Division within its ICT Department.
This marks a significant stride toward enhancing electoral integrity, efficiency, and innovation in Nigeria’s democratic process.
This decision was reached at the Commission’s regular weekly meeting held in Abuja, following a series of consultations and engagements on the global and continental impact of AI on elections.
In a statement issued by Sam Olumekun, national commissioner and chairman of the Information and Voter Education Committee, INEC underscored that the growing relevance of AI in electoral matters necessitated a proactive institutional framework to manage both the risks and opportunities it presents.
“Our interactions with electoral bodies across Africa highlighted both the risks of AI—such as fake news and content manipulation—and the vast potential it holds for data-driven decision-making, risk mitigation, automated voter services, and geo-spatial intelligence for logistics,” Olumekun noted.
According to him, the newly created division will centralise the Commission’s AI efforts, ensuring a harmonized approach to deploying intelligent systems that enhance decision-making, improve voter engagement, and boost the credibility of the electoral process.
“The creation of this division puts the Commission at the forefront of institutionalizing AI capabilities in electoral management.
It is also part of our ongoing reforms in areas where administrative action is sufficient to drive change,” he said.
He added that the AI Division will help INEC better coordinate its existing technological investments while providing safeguards against the misuse of AI technologies.
“We are positioning ourselves to maximise the positive impact of AI while mitigating its negative implications. This step strengthens the credibility and transparency of elections in Nigeria,” Olumekun concluded.
The initiative, INEC emphasised, reflects its commitment to embracing innovation in safeguarding democracy and improving electoral services nationwide.
E-Business
CAC, NIBSS Unveil Platform for Data Access to Private Firms

Corporate Affairs Commission (CAC) in partnership with the Nigeria Inter-Bank Settlement System (NIBSS) has unveiled a new Application Programming Interface (API) integration system to allow private firms access company data from the Commission’s database.
Hussaini Ishaq Magaji (SAN), registrar general of CAC, who spoke in Abuja at the unveiling said the system would give selected private organizations access to CAC services through technology-based companies, called “super agents.”
“This is a practical step to show that the Commission is committed to meeting the expectations of our customers,” he said.
Magaji explained that the integration allows the agents to retrieve data from the CAC database for use in specific client requests, outside the standard services provided by the Commission.
“Before now, only a few government agencies had this integration, especially those involved in investigations, anti-money laundering, and terrorism financing. Now, private companies that meet the criteria can also access it,” he said.
He said the system complies with the Nigerian Data Protection Act 2023, and information such as residential addresses, phone numbers, and dates of birth may be restricted.
“This is a call to law firms and companies with the right technology. We’ve started with NIPS because of their credibility. Embassies and banks can now authenticate company records directly through them.”
“There are prescribed fees. We already collect them on our portal, and now customers can also pay through these agents,” he explained.
He named NIPS, MoneyPoint, and OPE as some of the companies involved.
“OPE and MoneyPoint handle only registrations. But NIPS has moved further into validation and verification,” he said.
Ngover Ihyembe-Nwankwo, executive director at NIBSS, who represented Premier Oiwoh, managing director, said the service allows secure and efficient data verification.
“This is the result of years of effort to connect our systems with CAC. It will help users verify data within the limits of data protection laws,” she said.
She said the move is a way to lower costs and promote interoperability across the financial sector.
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