E-Business
Nigerian Businesses go to Cloud Computing

A report released at the weekend revealed that 44% of Nigerian businesses say they will embrace the Cloud in the coming year, although Nigerian businesses still lag behind, with only 36% of them currently using the Cloud.
Report of a study conducted by World Wide Worx and Cisco shows that the total of businesses using country in Nigeria will increase to 80% by the end of 2014 indicating considerable investment in cloud within next year.
Commenting on the trend during Microsoft Journalist Academy programme held in Lagos, Oluyomi Alarape, datacenter solutions manager, Microsoft West Africa Limited, highlighted that the economy of scale inherent in Cloud Computing drives the IT industry, in particular, to contribute national development, employment generation, and reduction in cost of doing business.
According to him, companies presently spend 45% of their IT budgets on hardware and software solutions, 25% on facilitates, 15% on operations and the remaining 15% on power generation. “These can be reduced up to 30%, 35%, 70% and 90% respectively via the processes of virtualization and Cloud Computing,” he said.
Alarape, advised companies to be weary of the traditional systems of data storage and management which do not only occupy scarce spaces but drain companies’ purses.
Meanwhile, key among the findings include that the rapid adoption of Cloud Computing in Nigeria and other African countries can be found in the growing confidence that IT decision-makers have in the environment. Even where confidence is not high, distrust in Cloud has almost entirely disappeared.
Apparently, World Wide Worx and Cosco found that approximately 17 percent of data center traffic will be fueled by end users accessing clouds for web surfing, video streaming, collaboration and connected devices, all of which contribute to the Internet of Everything, which is the networked connection of people, data, process and things.
The Cloud in Africa: Reality Check 2013 research study1 was conducted among a small but representative sample of senior information technology decision-makers in medium-sized and large companies.
The most significant finding from the study was that, while South Africa currently leads the continent in Cloud uptake, it is about to be overtaken, dramatically, by Nigeria.
“Cloud computing is the next big step in the evolution of computing and the Internet,” said David Meads, Cisco’s Vice President for Africa.
“The broadband revolution sweeping Africa and the continent’s reputation for innovation add up to tremendous appetite for services that will drive this evolution. Looking ahead, the Internet of Everything represents the largest online trend today. As more people, things and devices connect to the Internet in Africa, more data from more places will be introduced across corporate and service provider networks, which will open up new opportunities and increased demand for the Cloud.”
“The fact that no one is expressing doubt about the reliability of the Cloud means that the final pieces of the puzzle are falling into place,” said Arthur Goldstuck, managing director of World Wide Worx.
“People all over the world continue to demand the ability to access personal, business and entertainment content anywhere on any device, and each transaction in a virtualized, cloud environment can cause cascading effects on the network,” said Meads. “Because of this continuing trend, we are seeing huge increases in the amount of cloud traffic globally within, between and beyond data centers over the next four years.”
Other revelations from the study show that in 2013, 50% South African medium and large businesses are using Cloud services; while a slightly lower proportion of about 48% are using the Cloud in Kenya.
While a significant 44% of Nigerian businesses are will to embrace the only 24% of organizations in Kenya and only 16% in South Africa saying they will be taking up Cloud.
The survey showed that 57% of decision-makers across the three countries had high confidence in the security of the Cloud, while a further 34% were neutral – meaning they would wait and see, but were not negatively disposed towards it. Only 1 in 10 respondents did not trust security in the Cloud.
An even higher level of confidence was expressed in the reliability of the Cloud: 73% of respondents across the three countries expressed high confidence, while most of the rest – 25% – were neutral on reliability.
Private Cloud is the most popular in 2013 with 25% or organizations surveyed currently deploying this compared to 13% opting for Hybrid Cloud and only 7% of companies opting for the Public Cloud.
In 2014, this trend is set to continue with 32% of companies opting for the Private Cloud compared to 18% for Hybrid Cloud and 16% for Public Cloud.
The most popular category for cloud use today is storage (28% of companies) followed by SaaS (10% of companies surveyed).
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
E-Business
NDPC Investigates over 1,000 Schools over Data Privacy Compliance

Nigeria Data Protection Commission (NDPC) has commenced an investigation into over 1,000 education institutions across the country over compliance with the Nigeria Data Protection Act (NDP Act), 2023.

The move affects federal, state and private universities, polytechnics, colleges of education and technical colleges, marking one of the largest sector-wide compliance checks since the enactment of the law.
In a public notice issued on Thursday by Babatunde Bamigboye, head, Legal, Enforcement and Regulation, the Commission said the probe forms part of its ongoing sector-by-sector enforcement drive aimed at safeguarding the fundamental rights and freedoms of data subjects, as well as strengthening the legal foundation of Nigeria’s digital economy through the trusted use of personal data.
The NDPC directed the affected institutions to submit, within 21 days, evidence of filing their 2024 Data Protection Compliance Audit Returns, proof of designation or appointment of a Data Protection Officer including relevant contact details and a summary of technical and organisational measures adopted to protect personal data within their establishments.
It also requested evidence of registration as a Data Controller or Processor of Major Importance as required by law.
The Commission warned that failure to comply with the notice may result in the issuance of enforcement orders, imposition of administrative fines and possible criminal prosecution in accordance with the provisions of the NDP Act, 2023.
It stressed that compliance is mandatory and not optional for institutions that process large volumes of personal data
The education sector remains one of the biggest handlers of sensitive personal information in the country, including students’ academic records, admission details, biometric data, financial information and staff records.
With increasing digitalisation of admissions, online learning platforms and electronic documentation systems, concerns over data breaches and weak privacy safeguards have grown in recent years.
The Commission maintained that the investigation is in line with its statutory mandate under relevant sections of the Act empowering it to monitor, investigate and enforce compliance across sectors.
E-Business
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation.

The creation of the new subsidiary, ChamsCorp Plc, which took effect from February 1, was made known in a filing to the Nigerian Exchange Limited , according to an announcement.
Chams said that the new subsidiary, which is its 5th, will give a new dimension to its more than 40 years of work in building the digital ecosystem not only in Nigeria, but across the continent and the rest of the world.
The newly created company will focus on three major aspects, namely the manufacturing of digital devices and development of digital infrastructure and services; data center design, construction and operations, and the development and implementation of AI infrastructure and intelligent systems.
It will also contribute to its parent company’s digital ID, digital verification, and trust services offering.
“For nearly four decades, we’ve enabled trust in transactions and identity. Now, we go furthe”
Chams is expanding into AI, data centre infrastructure, and intelligent systems, building the backbone for Africa’s digital transformation,” the company wrote in a LinkedIn post.
“We are not just participating in the future. We are engineering it,” the message added.
According to the Chams announcement, a decision of its Board of Directors appointed members of the pioneer board of ChamsCorp Plc, with renowned banker Mohammed Bashir Yunusa designated as Chairman.
He is described as a well-known finance expert who specializes in deal structuring, corporate and retail finance, business strategy, digital transformation, and Islamic Finance and Banking.
With more than 10 years of experience in the financial services industry, Yunusa currently serves as head of Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria, and will also serve as a non-executive director on the board.
“Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa’s digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike,” Femi Oyenuga, CEO, Chams, commented on the development.
Chams has over the years played a major role in contributing to Nigeria’s digital ID ecosystem development to facilitate access to financial services.
In 2023, the company Group Chairman publicly stated that in providing such digital services to the Nigerian government, it had incurred debts estimated at $100 million and were planning to change their business model as a result.
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