General News
Pearl Awards Holds 15th Year Editio
The 2010 edition of the prestigious PEARL Awards, a celebration of outstanding quoted companies in Nigeria is scheduled to hold on Sunday November 28, 2010 at the Grand Ball Room of the prestigious Lagos Oriental Hotel, Victoria Island, Lagos.
Mr. Tayo Orekoya, President PEARL Awards Project at a press briefing to announce the Awards said the PEARL Awards rewards Performance, Earnings and Returns Leadership by companies quoted on the Nigerian Stock Exchange.
He stated that the uniqueness of the Awards, endorsed in 2003 by the apex Capital Market regulatory authority, Securities & Exchange Commission, is underscored by its defined criteria and methodology. “The Awards process is based on verifiable facts and figures assessed utilizing credible parameters and tools of data evaluation,” he said.
He indicated that the 2010 Awards is the 15th year edition of the nationally acclaimed PEARL awards, having been instituted in 1995, with the maiden edition held on 27 May, 1995. Widely acknowledged by capital market stakeholders including quoted companies, stockbrokers, Shareholders Associations, among others, for its objectivity over the years, the Award process would reward outstanding quoted companies based on actual performance in the 2009 financial year, for this year’s Awards.
The 2010 Awards Nite, being a special 15th year edition, according to Orekoya promises to be much more glamorous than previous years’ editions. The event is being packaged to be a night of excellence and glamour, where corporate chieftains and captains of commerce and industry will savour the joy of excellent operational and stock trading performance after a turbulent economic period.
It would also, as in past years, provide a forum for quoted companies to be recognized and rewarded for the results of the various measures adopted in the wake of the stock market volatility during the previous financial year, to be on the winning edge. In spite of the vagaries of economy and the capital market, a number of companies that strategically outperformed others must be recognized and celebrated, Orekoya stated.
He reiterated that the institution of the Performance, Earnings And Returns Leadership (PEARL) Awards 15 years ago followed the long overdue need to recognize and reward deserving quoted companies for outstanding performance.
He stated further that this year’s Awards, like previous ones will be determined utilizing ten operational and stock performance indices namely Turnover Growth; Return on Equity; Earnings Yield; Share Price Appreciation; Stock Activity; Dividend Cover; Dividend Yield; Net Asset Per Share; Dividend Growth and Profit Margin Ratio.
He noted that for the 2010 edition, the PEARL Awards would be in three main competitive categories namely the Sectoral Leadership Awards, which rewards a company for out-performing other companies within the same sector, based on aggregate points garnered from all the ten indices utilized for ranking.
The Market Excellence Awards category, in recognition of entire market leadership in respect of each of the ranking indices while the third category is the Overall Highest Award category – The PEARL of the Nigerian Stock Market.
A fourth category for Special Honourary Awards, introduced in the year 2000 to reward and honour individuals and media institutions that contribute remarkably to Capital Market development in Nigeria, would also feature in this year’s Awards. Notable past recipient of Awards in this category of Awards include Mr. Gamaliel Onosode, Dr. Suleyman Ndanusa, Dr. Christopher Kolade, Late Asiwaju Akintunde Asalu, Dr. Umar Faruk, Mr. Wole Adetunji and Sir Sunny Nwosu.
Also under this honorary category is the PEARL outstanding CEO of the year Award won by the following, among others – Mr. Jim Ovia, former Managing Director/CEO, Zenith Bank Plc. and Mr. Jacob M. Ajekigbe, former MD/CEO, First Bank Plc in the 2007 edition.
Orekoya also stated that the PEARL Awards Project in charting a new course has appointed frontline professionals into its Board of Governors to provide policy direction for the Awards Project. These personalities include Alhaji U. F. Abdullahi, Chief Alex Akinyele, Prof Herbert Orji, Alhaji Ahmad Rabiu, Mrs. Eniola Fadayomi, Mr. Wole Adetunji, Mrs. Funmi Babington-Ashaye, Dr. Biodun Adedipe, Mrs. Lola Oyebadejo, Dr. Faruk Umar, Mazi Unegbu.
According to Orekoya, the PEARL Awards identifies with the changes being initiated by the current leadership of the Securities and Exchange Commission, particularly as it relates to the Nigerian Stock Exchange. He posited that some of these changes were indeed overdue.
General News
SSDC Warns Businesses against Cyber, Election-Related Risks

Security Skills Development Company (SSDC) has released its 2026 Security Outlook, highlighting four major security challenges expected to shape Nigeria’s business and operating environment as the country moves closer to the 2027 general election.

The report, developed from a nationwide survey and expert contributions at the recently concluded Security Thought Leadership Roundtable, identifies internal security threats, protection of national assets, cyber risks and election-related instability as the most significant concerns facing organisations and institutions in the coming year.
According to SSDC, findings from the survey and stakeholder discussions reveal growing concern over the increasing complexity of security challenges and their potential impact on business continuity, economic stability and public confidence.
A substantial number of respondents identified internal threats within organisations as an emerging risk, pointing to the need for stronger corporate governance, workforce integrity measures and structured risk management systems.
Security experts at the roundtable noted that weaknesses in critical public infrastructure and national assets could have far-reaching consequences for the economy and national development if not adequately addressed.
The report also highlights cybercrime as a persistent and evolving threat to both public and private sector institutions.
Participants stressed the importance of strengthening cyber resilience through proactive monitoring, investment in technology-driven safeguards and improved security awareness.
Another key concern raised in the outlook is what SSDC described as the “2027 Election Shadow.” Many respondents expressed concerns about the possibility of heightened political tension as the election season approaches, warning that uncertainty and security disruptions could affect business operations, investment decisions and overall economic confidence.
Speaking on the report’s findings, Mike Igbodipe, managing director, SSDC, called for a more strategic approach to security management across both public and private sectors.
He said organisations must move beyond reactive security measures and integrate security considerations into their broader strategic planning and decision-making processes. He also advocated the development of a gold-standard, locally certified training programme for security professionals tailored to Nigeria’s unique security environment.
SSDC, a security training and consulting firm focused on advancing professional standards in Nigeria’s security sector and strengthening industrial resilience through capacity building and strategic expertise, said the Security Outlook forms part of its ongoing thought leadership initiative aimed at promoting informed dialogue on national security, institutional resilience and risk management.
The company reaffirmed its commitment to supporting stakeholders through research, training and strategic advisory services designed to improve preparedness and response to emerging security challenges.
General News
Moniepoint DreamDevs Bootcamp Graduates Second Cohort to Strengthen Homegrown Talent Pipeline

Moniepoint Inc., Africa’s leading digital financial services provider, has officially graduated the second cohort of its flagship DreamDevs Bootcamp, marking a significant milestone in the company’s ongoing effort to build world-class engineering talent from the ground up.

The graduation was celebrated at a Demo Day event held in Lagos, themed “Training Done! Demo Up!”, where participants presented capstone projects built to real-world engineering standards.
The graduation comes at a crucial time for Africa’s tech ecosystem. Although Nigeria’s tech talent is growing, it isn’t sufficient, especially at the mid-to-senior engineering level, where demand far exceeds supply. By 2030, the global shortage of software developers could reach 85 million, leading to economic losses of $5.5 trillion. For a continent developing its digital infrastructure, this is critical. Moniepoint’s DreamDevs Bootcamp is a strategic response to these challenges.
The nine-week curriculum, created by Moniepoint’s Engineering Unit in partnership with Semicolon, covered Java Object-Oriented Programming, Data Structures and Algorithms, Software Testing, MySQL, Spring Boot APIs, System Design, Docker, Messaging Queues, Frontend UI, and Cloud Infrastructure. Participants received programme stipends and mentorship from experienced Moniepoint software engineers, gaining valuable exposure to the production environment of one of Africa’s fastest-growing fintech firms.
During the Demo Day presentation, the participants paired into 9 teams were excited to showcase how they have deployed knowledge and skills gained during the course of the bootcamp into real and useful solutions in real estate, hospital management, event management, food and agriculture.
Commenting, Felix Ike, Co-Founder and Chief Technology Officer of Moniepoint, said, “DreamDevs is a structural investment in Nigeria’s digital economy, not a recruitment exercise, not a pipeline built solely to serve Moniepoint’s hiring needs. That said, we are proud that some graduates from our first cohort are already active members of our engineering team, proof that when young African engineers are given the right training and the right environment, they can compete at the highest level”.
Felix added that “Engineering excellence is not a naturally occurring phenomenon. It is a curated and intentionally built process that requires the right systems, the right resources, and sufficient time to take hold. Building that process and making it accessible to the brightest young engineers on this continent is a responsibility we have chosen to own.
Africa’s digital economy is attracting significant global capital, yet the talent infrastructure required to sustain that growth remains underdeveloped. The DreamDevs Bootcamp and our other capacity-building initiatives across some of Nigeria’s public universities demonstrate Moniepoint’s commitment to this responsibility.
The initiative also aligns with Nigeria’s broader national agenda on technology skills development. Moniepoint serves as a key sponsor of the Federal Government’s 3 Million Technical Talent (3MTT) programme, which focuses on mass technical skills training across the country. While 3MTT addresses the scale challenge, DreamDevs provides depth, offering a specialised, end-to-end pathway from foundational training through to employment within Moniepoint’s complete development ecosystem.
As Nigerian fintechs deepen their infrastructure ambitions, the ability to grow engineering capacity that feeds these aspirations requires an urgent industry intervention, as Moniepoint is demonstrating to address Africa’s engineering talent challenge.
General News
NITDA, Benin’s Digital Agency Strengthen Ties on Digital Transformation

The National Information Technology Development Agency (NITDA) and Agence des Systèmes d’Information et du Numérique (ASIN), the Information Systems and Digital Agency of the Republic of Benin, have moved to strengthen bilateral cooperation on digital transformation, digital public infrastructure, and innovation-driven governance.

The commitment was reaffirmed during a courtesy visit by the Beninese delegation to NITDA’s corporate headquarters in Abuja, where discussions centred on deepening bilateral cooperation, sharing best practices, and advancing digital development across the region.
Speaking during the engagement, the Director General of NITDA, Kashifu Inuwa, represented by the Director of Stakeholder Management and Partnerships, Dr. Aristotle Onumo, said regional collaboration remains critical to advancing Africa’s digital economy and building resilient digital ecosystems capable of supporting sustainable growth.
He noted that NITDA is committed to driving Nigeria’s digital transformation through the development of policies, standards, and strategic frameworks designed to modernise governance and improve service delivery across the public sector.
According to him, the agency has developed several foundational frameworks, including the Enterprise Governance Framework, Digital Transformation Framework, and Software Quality Assurance Framework, to guide Ministries, Departments, and Agencies (MDAs) in their digital transformation journeys.
“Our goal is to move government institutions beyond basic digitalisation to full digital transformation, and ultimately, to build an intelligent, data-driven government powered by emerging technologies such as artificial intelligence,” he said.
Inuwa also disclosed that since 2018, NITDA has reviewed over ₦1.5 trillion worth of government IT projects to ensure compliance, technical alignment, and value for money.
He said the intervention has helped the Federal Government save more than ₦300 billion by eliminating duplication, promoting shared services, and improving the success rate of digital projects across ministries, departments, and agencies.
On digital public infrastructure, he revealed that Nigeria has transitioned from fragmented agency-to-agency data exchanges to a more integrated and citizen-centred digital ecosystem through the Nigerian Data Exchange (NGDX) platform.
He explained that the platform provides a federated and centralised framework for seamless data exchange among government institutions while preserving the autonomy of individual information systems.
According to him, the proposed e-Government and Digital Economy Bill will provide the legal backing needed to strengthen the platform and institutionalise digital collaboration across government.
The DG further highlighted NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) 2024–2027, which aligns with the Federal Government’s Renewed Hope Agenda and focuses on critical areas such as digital literacy, research and development, cybersecurity, innovation, inclusive access, and strategic partnerships.
Earlier, the Head of International Partnerships at ASIN, Tildy Erlong, said the delegation’s visit followed a recent Smart Africa workshop in Abuja and was aimed at strengthening institutional ties and learning from Nigeria’s digital transformation experience.
She described ASIN as the operational agency under Benin Republic’s digital ministry, responsible for implementing strategic digital development projects across the country in collaboration with key institutions, including the national identity agency, ANIP, and the cybersecurity agency, CENIN.
Erlong highlighted Benin’s achievements in digital public infrastructure, noting that about 98 per cent of the country’s population—approximately 13.6 million citizens—has been enrolled on its digital identity platform.
She added that more than 60 government agencies and service institutions are connected through Benin’s XROAD interoperability platform, enabling the delivery of over 250 digital services to citizens.
According to her, Benin is also prioritising digital inclusion, open-source systems, and the deployment of artificial intelligence to improve service delivery in sectors such as healthcare, education, and justice.
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