E-Business
FBN Insurance Brokers Develops Digital Solutions

FBN Insurance Brokers Limited, a subsidiary FBN Holdings Plc, has developed a digital roadmap that will provide digital solutions for the Nigerian insurance market.
The company said part of the plan is an interactive website that would be re-launched soon with more Nigerians getting connected digitally.
Olumide Ibidapo, the company’s Chief Executive Officer, said FBN Insurance Brokers would continue to engage with the public and create as much awareness as possible, paying particular attention to the financially excluded segments, knowing that insurance is a solution everybody needs.
Ibidapo, who spoke during an interview with select journalists in Lagos, said the 21 years old brokerage firm is partnering with other stakeholders towards creating more channels and avenues to reach more people.
“We at FBN Insurance Brokers believe that the future is digital. So, we have developed a digital roadmap that entails providing digital solutions for the Nigerian insurance market.
“Part of that plan is our highly interactive website that would be re-launched soon. With more Nigerians getting connected digitally, this is one area that must be paid attention to,” he said.
According to him, there is no gainsaying that the business environment the company operates in is a very tough one, and to have navigated the tough terrain for more than 20 years is a testament to the management’s resilience and continuous reinvention.
“We are happy to be making our input in nation development and this will continue and even get better years to come. At 21, we are proudly in a special league of elite companies from this part of the world.
“Today, there are over 500 insurance brokers listed and registered with NAICOM. That number might keep growing as long as the industry as a whole keeps performing,” he said.
He said surviving new entrants and squaring up to old giants requires a strategy that makes competition irrelevant.
He added that the company is not focusing on what others do or don’t do. “Our focus is on how to out-perform ourselves year on year. These days, we are focused on disrupting our business and reinventing ourselves. This has really helped us over the years.”
He, however, commended the regulators of the industry for the work they have been doing thus far, saying the growth experienced would not have been possible without their guidance.
Ibidapo noted that the insurance market potential in Nigeria was huge, adding that comparing insurance penetration and uptake rate in Nigeria with that of other African countries like South Africa, Kenya and Ghana, one would see that the company could be doing more.
Speaking on the recapitalisation of the insurance industry, he said the Covid-19 pandemic played a major part in slowing down the regulator’s plan for the exercise.
He however said it was something that would eventually come to play; and would be for the benefit of the entire industry and all the major stakeholders.
“Ultimately, recapitalisation will enable underwriters to play big and have higher capacity to underwrite more local insurance businesses and also meet up with their claims obligations. This will help in improving the trust that Nigerians have in the insurance industry and consequently increase insurance uptake, ”he added.
E-Business
Nigeria Strengthens Cybersecurity, Launches National Cleanup Plan

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.
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.
E-Business
AXIAN Telecom Invests in Jumia Post-MTN Era

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.
E-Business
NIMC Plans to Register 95 Percent Nigerians by December

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.

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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