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E-Business

CWG, M2M to Transform e-Payment in Nigeria

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Computer Warehouse Group in partnership with M2M, the world’s leading secured electronic payment solution provider is set to transform electronic payment in Nigeria.

Speaking at CWG’s recently concluded epayment seminar held in Lagos, M2M regional sales manager BourZaim Youssef stated that M2M Magix card management solution is a complete end to end e-payment solution that can revolutionize e-payment for any financial institution.

The need for a comprehensive solution which enables a bank take leadership position in the payment systems arena with a low total cost of ownership, complete flexibility and effective local support is not only apparent but biting.

M2M Magix card management solution is a universal payment management solution for back, middle and front office. It has cards issuing and management system, merchant acquiring, transaction acquiring and routing, clearing and settlement, risk and fraud management, loyalty program, ATM and POS management, Internet payment among others.

MAGIX TM is multi-protocol, multi-currency, multi-company and multi-country capable. It is EMV certified, SEPA ready and single message certified. MAGIX TM is a multi-platform, multi-O.S and multi-database product. MAGIX TM runs on AIX, HP-UX, Solaris, Sco, UnixWare, Linux, or any other O.S based on UNIX and using RDBMS ORACLE, INFORMIX or any other relational database system. MAGIX TM has the capacity to process large volumes of transactions from around the world.

Magix has been integrated with many banking applications in several sites and can also co-exist with other payment modules existing in a bank.

MAGIX TM currently has more than 200 references spread round the world. These include the largest bank in Egypt, the Algerian Postal Service, BNP Paribas of France, the Czech EFT centre, Nice Airport in France amongst several others.

M2M group’s success is today proven by more than 75 banks across Africa, Middle East and Europe. The group’s customer portfolio includes aggressive innovators entering new marketplaces, along with established leaders replacing legacy platforms to gain speed and efficiency. They are all running MAGIX TM software solutions to meet huge volumes and operational efficiency challenges while achieving speed-to-market and cost reduction.

Mr Emmanuel Eneh, head, Payment Systems, stated that Computer Warehouse through its software arm Expertedge Software has the manpower to implement and support the solution in Nigeria and West African and is bringing this to add value to our financial sector in a bid to make Nigeria realize her stated goals of being one of the top 20 economies in the world by the year 2020.

M2M group headquarters is in Morocco with offices in Paris, Egypt, Singapore, New York and the Middle East. The company is rated as one of the top 10 providers of e-transactions processing solutions in the world. M2M combines decades of experience in core business processes and hundreds of large e-transactions processing projects worldwide.


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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.

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E-Business

Nigeria Strengthens Cybersecurity, Launches National Cleanup Plan

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Nigerian government, through the Office of the National Security Adviser (ONSA) and the National Information Technology Development Agency (NITDA), has announced a strategic collaboration to strengthen cybersecurity and clean up the nation’s cyberspace.

Nigeria Strengthens Cybersecurity, Launches National Cleanup Plan

Recognizing that cybercrime knows no borders, Nigeria also reaffirmed its commitment to fostering stronger global partnerships within the cybersecurity ecosystem.

This announcement was made during a press conference before the inaugural National Cybersecurity Conference, which is scheduled to take place in Abuja from July 9th to 11th, 2025.

Sa’ad Abubakar, national cybersecurity coordinator from the Office of National Security Advisor, said fighting cybercrime must take the whole of society and the whole of the government approach.

According to him, “Apart from the deterrent approach whereby government agencies such as Economic and Financial Crimes Commission (EFCC) arrest individuals, take them to court and prosecute them, the youth can be nurtured into better citizens who can showcase their capacity in better ways and be useful to the country.”

Similarly, Kashifu Abdullahi, director-general, NITDA,  also stressed the need for collaborative efforts in fighting cybercrimes.

According to him “Then, in addition to that, we also want to build a stronger global collaboration with the global cyber security ecosystem, because when you look at cybercrime in general, it doesn’t respect the borders.

“Someone can commit a crime from Ghana using a Nigerian ID in the US. So you can look at him physically in a different jurisdiction, pretending to be in another jurisdiction, committing the crime in another jurisdiction.

“So without that kind of synergy and working together, it will be difficult to address these challenges. The third one is challenge. The third one is getting an alternative to cybercrime for our kids in Nigeria. We have this as a major challenge.”

Inuwa further highlighted the upcoming conference’s importance, noting that it would tackle key issues through workshops, discussions on emerging threats, cross-border cybersecurity collaboration strategies, and training programmes.

He also announced that the National Cybersecurity Conference 2025 would feature the Cybersecurity Excellence Awards, recognising top contributions in the field.

The DG extended an invitation to global partners to collaborate with Nigeria in building a safer digital future.

The press conference was attended by notable figures, including Ahmad Sa’ad Abubakar, National Coordinator of, the National Cybersecurity Coordination Centre (NCCC); Hanniel Jafar, Representative of the President, of Cyber Security Experts Association of Nigeria (CSEAN); Ankit Shukla, Managing Director, QNA Marketing Management LLC and members of the press and other stakeholders.


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AXIAN Telecom Invests in Jumia Post-MTN Era

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XIAN Telecom has acquired an 8% stake in pan-African e-commerce company Jumia Technologies, citing the platform’s fintech and logistics strengths as key drivers of its backing.

This marks the first major telecom investment in Jumia since MTN Group’s exit in 2020.

AXIAN, a fast-growing telecom and digital services provider with operations across Africa, disclosed the purchase in a Schedule 13D filing with the U.S. Securities and Exchange Commission.

While the financial terms were not disclosed, AXIAN Telecom CEO, Hassan Jaber, described the move as a strategic alignment with Jumia’s growth trajectory and digital ecosystem.

“Jumia’s achievements in digital retail and fintech, particularly through JumiaPay and its logistics network, make it a very attractive investment for us. We believe in Jumia’s potential to promote financial and economic inclusion, which aligns with our core values,” said Jaber.

Once dubbed the “Amazon of Africa,” Jumia became the first African-founded tech company to list on the New York Stock Exchange in 2019.

But years of underperformance, leadership changes, and competitive pressures dented investor confidence.

In October 2020, South Africa’s MTN Group offloaded its 18.9% stake for $138 million, well below the $698 million value it once held post-IPO.

Since then, Jumia has undergone a significant transformation. Under CEO Francis Dufay, appointed in 2022, the company exited low-performing markets like South Africa and Tunisia, cut costs, and doubled down on core markets – Nigeria, Kenya, Egypt, and Morocco.

The firm is now focused on high-growth verticals, including everyday essentials and digital financial services.

Jumia’s regional CEO for East Africa, Vinod Goel, recently revealed plans to scale up international brand offerings and open its logistics network to third-party businesses.

Jaber underscored that AXIAN Telecom’s investment signals renewed confidence in Jumia’s long-term potential.

The telecom firm’s CEO said the company views Jumia as a key player in advancing Africa’s digital economy, aligning with AXIAN’s mission through its fintech and digital infrastructure brands such as Yas and Mixx by Yas.

 


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NIMC Plans to Register 95 Percent Nigerians by December

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Abisoye Coker-Odusote, director general, National Identity management commission (NIMC) has said that the commission is set to register 95 percent of Nigerians into the National Identity Database before December 2025.

NIMC Plans to Register 95 Percent Nigerians by December

Abisoye Coker-Odusote,, DG, NIMC

She made this statement at a press briefing to highlight the commissions goal aligns with President Bola Tinubu’s Renewed Hope Agenda, particularly on digital governance and inclusive development.

The mass enrollment drive will be powered by a combination of improved infrastructure, expanded registration centres, and robust public sensitization campaigns.

As of May 2025, NIMC reports over 120 million Nigerians have been enrolled, and about 100 million more would be captured by December.


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