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E-Business

Xmn® Boosts Applications for Financial Sector, Others with 10 Solutions

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Xmn Technologies Limited, a leading Information Technology firm in Nigeria, has been silently but surely and locally developing software that provides practical solutions for organizations, especially in the financial sector, to stay ahead of the competition.

Mr. Wahab-Aminu Sarumi, chief executive officer of Xmn Technologies Limited, a first class industrial mathematics graduate and an associate member of the Institute of Chartered Accountants of Nigeria (ICAN), disclosed to Nigeria CommunicationsWeek the ten practical solutions as include, Reg®Mail, Xmn®Pay, RegStar™, Web®Registry, XpenseSaver®, XMN®Connect, RegImage™, SmSRelay®, FlexUpload and ArchiveStar®

Sarumi who worked in the Systems Integration Group of Arthur Andersen & Co., now Accenture in Lagos, and London for many years, has extensively consulted for financial institutions in the area of information technology and process re-engineering and was a multiple awards winner in the University at every level.

Wahab has 24 years’ experience of design and development of leading robust software applications in Nigeria.

During this period, the ten products with LIVE SITES have been developed and some have been in use for over fifteen years.

“All the products are very effective and efficient and have always dominated their respective segments. Some of the applications handle large volumes of data without any degradation in performance with some tables as large as 240GB,” said the Xmn Technologies CEO who is well experienced in large database applications, financial systems design, financial system conversions, software project management and management consulting.

The Company is currently the driving force behind several pioneering efforts in software development especially in the Share Registration Management market in Nigeria such as E-Bonus, E-Dividend, E-Lodgment, Accelerated Image Capture, Bulk Verification, Online Registrar services, E-Voting, Bulk Verification and Warrant Mark-Off.

Sarumi was also involved in several projects which include: Billings and Collection project for PPMC, Transformation of Federal Savings Bank to FSB international Bank, Leasing Package Implementation in the UK, Financial Information Systems strategy for a large UK Bank and Management Information System for Allied Bank of Nigeria.

He ranks high amongst Champions in the development, design and implementation of emerging technology-based solutions in Nigeria.

“Xmn Technologies as a software and advisory services firm”, he said,  “renders premium service to Clients in Financial Services, Telecommunications, Oil and Gas and the Service Industries. Our team is made up of tested professionals with several years’ experience with the Systems Integration Group of the top five consulting firms in the world”.

According to him, the practical experience derived from these firms puts Xmn firmly in a good position to render quality products and services, as the Company has strategic alliances with leading companies in the world thereby ensuring innovative solution across all our products.

 


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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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