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NSE, Rack Centre Ink Partnership on Data Centre Colocation Services

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Mr Oscar N. Onyema, chief executive officer, Nigerian Stock Exchange (NSE), has stressed the importance that technology has played in the quest to transform the NSE.

This is even as the NSE itself strives to play its strategic role in the development of the capital market both in Nigeria and the world at large.

Mr Onyema  who was speaking recently at the CEO Briefing  Forum,  organised by Rack Centre Limited, the Nigeria Premier Tier III design certified data centre in West Africa, said the NSE will continue to focus on providing the “Best-in-Class “ technology with smart trading tools and enhanced market surveillance capabilities.

He said the current NSE management team led by him will continue in its avowed aim  of a technological transformative agenda.

The NSE boss added that  it was in realisation of this objective that it launched several “innovative solutions such as X-Compliance-Qual and Broker –Trax,” which were technologically driven, and had also rolled out the “X-Web and X-Whistle and the NASD trading system on the NSEX-Gen Platform,” which had been dubbed as the “fastest trading engine in Africa, being the first issuer of such a portal in West Africa.

Mr Onyema who expressed  satisfaction with  partnering with Rack Centre, said what stood the Data Centre out was its qualities of being “truly carrier neutral which gives  an “access to multiple connectivity providers  that can serve the brokerage community; localised IXPN which provides low latency for real-time trading and on line transaction; state of the art, Tier III Design certified, which provides assurance of uptime commitment to minimum of 99.982 percent availability, state of the art  data centre technology environment that gives infrastructure  a  longer life and better performance; and an energy efficient, secure and  modular technology scalable to about 3000 racks which help to meet the needs of brokerage community… and lower costs and therefore long term savings.”

Mr Onyema who  said the protection of  “data “ is the lifeline of the NSE, said he  was not only impressed by the 100 percent Nigerian  ownership of Rack Centre, but also that  a  partnership with Rack Centre was an “opportunity to experience world class right here in Nigeria’

Mr Onyema said technology, as well as working with companies like Rack Centre will enable the NSE to engage in international best practices, increase its presence in international and regional   organisations, aid it in financial market modernisation, and increase its maturity in information security and also in crime reduction.

Enumerating what the Exchange had achieved with the help of Technology, Mr Onyema said the NSE today services the largest economy in Africa and is presently championing the development of Africa’s financial markets and has become the first West African country member of the World’s Federation of Exchanges.

Mr Onyema explaining the NSE Technology framework, said it was based on leadership through innovation, operational excellence through business transformation, and growth reputation through diversification, and that technology had impacted positively on its efficiency levels.

Mr Ayotunde Coker, managing director of Rack Centre pointed out the advantages of outsourcing data centre services through data centre colocation to include , significant cost reduction, efficient energy consumption, carrier neutrality and therefore diverse connectivity access points, most especially to international undersea fibre cables.

Lauding the partnership with the NSE, Mr Coker said the wholly Nigeria owned Rack Centre, which started operations in October 2013 and is the premier Tier III design certified Data Centre in West Africa is now recognised as the premium data centre facility in West Africa and is presently the only truly carrier neutral data centre in the sub region with 100% availability since launch.

Also speaking at the event which attracted Chief Executives from various companies, Mrs Bisi Lamikanra, Partner, KPMG, one of the BIG 4 international consulting firms, said in driving business growth, partnering with technology was key.

Mr Lloyd Crisp, managing director, Nigerdock, an oil service company, agreed with Mrs Lamikanra on the synergy between business growth and technology saying  that technology had helped Nigerdock to be competitive and to serve its clients better.  Technology said Mr Crisp, “had helped   us to recruit manpower, analyse data and work better through the supply chain.”

Mr Olusola Teniola, MD Internet Solution, said going forward, adaptation of the environment to technology will be key and Ms Evangeline Wiles, managing director, Kaymu, an online retailer, said in the running of business, technology will continue to be an enabler.


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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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NASENI Retreat Focuses on Aligning Development Institutes’ Goals

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In order to achieve greater cohesion amongst its Development Institutes and also sustain their proper alignment with the goals and vision of the National Agency for Science and Engineering Infrastructure, NASENI, the Agency is holding a two-day strategic retreat for Overseeing Officers who are managing the institutes.

Participants at the retreat also include Project Managers, Coordinating Directors and some Directors from NASENI headquarters.

The event, held in Abuja, is expected to strengthen leadership skills to achieve strategic alignment of the various Development Institutes’ goals with the overarching vision of NASENI, ensure collaborative synergies with the headquarters to streamline efforts, maximize resource utilization and enhance decision making capabilities.

It will also shift the focus of research and development (R&D) efforts towards solutions that are market-ready, innovative and capable of generating sustainable economic values.

In his welcome address at the opening ceremony, the Executive Vice Chairman/Chief Executive Officer of NASENI, Mr. Khalil Suleiman Halilu, stated that the retreat was not merely about planning, but about creating the blueprint for action, adding that each of the participants hold a unique and pivotal role in translating the vision of NASENI into reality.

“The conversations, strategies, and commitments forged here will determine how effectively we position NASENI to lead Nigeria into a future defined by innovation, self-reliance, and technological advancement, instill a shared commitment to excellence by adopting global best practices in innovation management”, he stressed.

He pointed out that recent assessments have shed light on the need for greater cohesion between the goals of the Development Institutes and NASENI’s renewed vision, highlighting that the retreat was a critical step in the Agency’s transformative journey-a journey anchored in the guiding principles of Creation, Collaboration, and Commercialization (3Cs).

He added that the principles encapsulate the essence of what NASENI stands for: creating cutting-edge solutions that are commercially viable and impacting directly on the lives of Nigerians who sit at the core of the renewed hope agenda of the President.

“Today, we gather not just to deliberate but to lay the groundwork for a stronger, more unified NASENI-one that is poised to drive Nigeria’s technological aspirations to unprecedented heights.

“As an institution saddled with the responsibility of indigenous technology advancement, NASENI has always been a beacon of innovation, a catalyst for progress, and a key driver of sector-specific solutions.

“Across our specialized Development Institutes, I see clearly that remarkable work has been done to push the frontiers of research, foster innovation, and develop solutions that address national and industrial challenges.

“Yet, we recognize that to stay true to our mission in this rapidly evolving world, we must continuously adapt, align, and refocus our efforts”, he affirmed.

The EVC/CEO, therefore urged the top management staff to engage fully, think boldly, and collaborate purposefully. “This is our moment to redefine our collective impact and to reaffirm our dedication to a vision that transcends individual institutes to unite us under the banner of progress for our nation.

“Together, we can and will achieve extraordinary outcomes. Let us move forward with clarity, resolve, and to demonstrate an unyielding commitment to excellence that defines NASENI,” he concluded.


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IHS Nigeria Partners with the NCMM to Digitize Nigeria’s Cultural Heritage

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IHS Nigeria, part of the IHS Holding Limited (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count has announced a strategic partnership with the National Commission for Museums and Monuments (NCMM) and the Federal Ministry of Art, Culture, and the Creative Economy (FMACCE) to support the digitization of Nigeria’s cultural heritage.

This collaboration aims to make Nigeria’s historical artifacts, artworks, and cultural monuments more accessible to the public through a digital museum.

The partnership between IHS Nigeria, NCMM, and FMACCE will leverage technologies to digitalize and display artifacts online, helping to preserve and showcase Nigeria’s cultural heritage. It marks a significant step towards modernizing the preservation and dissemination of Nigeria’s cultural assets, making them more accessible to a broader audience.

The digital museum is the first significant project under the Honorable Minister’s Digital Culture Initiative and is designed to provide a platform for the exploration and appreciation of Nigeria’s diverse cultural heritage. This partnership underscores IHS Nigeria’s commitment to sustainability and its role in helping foster cultural preservation and digital education.

Mohamad Darwish, CEO, IHS Nigeria, commented, “We are excited to partner with the National Council for Museums and Monuments and the Federal Ministry of Art, Culture and the Creative Economy on this groundbreaking initiative. As a company deeply rooted in Nigeria, we recognize the importance of preserving, protecting, and promoting our cultural heritage.

“This partnership also aligns with our commitment to sustainability, education, economic growth, and community development. We look forward to contributing to the preservation of Nigeria’s cultural legacy”.

Hannatu Musawa, Nigeria’s Minister of Art, Culture and the Creative Economy, commented, “We are delighted to partner with IHS Nigeria on this initiative which aligns with His Excellency President Bola Ahmed Tinubu’s Renewed Hope Agenda, and our Ministry’s 8-point plan on fostering strategic partnerships.

“I am particularly pleased that this initiative, which is the first significant project under our Digital Culture Initiative, embodies our commitment to innovation, global partnerships, and the sustainable growth of our creative industries, positioning Nigeria as a leader on the global stage.”

Olugbile Holloway, Director General, National Commission for Museums and Monuments, commented, “We are grateful to IHS Nigeria for their support in this remarkable initiative.

“We believe that to keep ahead of current trends and appeal to a younger demographic, it is imperative that a digital experience of our rich cultural heritage is created and made available to the public.

“The digital museum will serve as an invaluable resource for researchers, students, and the general public, both in Nigeria and around the world, and will play a crucial role in the preservation of our national heritage.”

 


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Google Faces Major Antitrust Action: DOJ Demands Chrome Sale

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In a significant escalation of its antitrust battle against Google, the US Department of Justice (DOJ) on Wednesday, November 20, urged a federal judge to break up the tech giant by ordering the sale of its widely used Chrome browser.

The DOJ also called for an end to Google’s agreements to be the default search engine on smartphones and proposed measures to prevent it from leveraging its Android operating system to dominate the market.

The DOJ suggested that if these remedies fail, Google should be compelled to divest Android entirely. The proposals mark one of the most aggressive antitrust moves against a major tech company in decades, with regulators seeking to curtail Google’s alleged abuse of its market power.

Google’s president of global affairs, Kent Walker, criticized the filing, accusing the DOJ of pursuing a “radical interventionist agenda.” Walker warned that the proposed breakup would disrupt Google’s product ecosystem, harm innovation in artificial intelligence, and threaten America’s global technological leadership.

This case represents a historic shift in the US government’s approach to regulating tech companies, following decades of relative inaction since the failed attempt to break up Microsoft in the early 2000s.

Google is set to respond in a filing next month, with a hearing scheduled for April before Judge Amit Mehta. The judge’s August ruling declared Google a monopoly, setting the stage for this next phase of the legal battle. Any decision is likely to be appealed, potentially taking years to resolve and possibly reaching the US Supreme Court.

The case’s future could also hinge on political changes, as President-elect Donald Trump’s incoming administration may take a different approach to antitrust enforcement. Trump has previously criticized Google for alleged bias against conservatives but has also expressed skepticism about breaking up major tech companies.

The DOJ’s proposals come amid broader efforts to address the dominance of big tech, with five antitrust cases currently pending against Amazon, Meta, Apple, and Google. These cases, brought under the Biden administration, are expected to shape the regulatory landscape for years to come.


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