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ActivEdge Tech Implements SmartStream Solution in Zenith Bank
ActivEdge technologies has successfully implemented SmartStream’s Corona TLM Reconciliation solution in Zenith Bank of Nigeria Plc.
The bank’s objective for adopting this solution includes elimination of manual errors, secure timely completion of transaction, centralise all reconciliation process in one single system, focus more on exceptions management and operational risk, and attain high processing efficiency.
George Agu, chief executive officer of ActivEdge Technologies, distributor and local implementation partners of SmartStream observed that at this crucial time when banks are working with lower margin, more regulatory pressure and high complexity; there is high demand for efficiency in back office operations.
Mr. Richard Okafor, project manager of Zenith Bank, observed that everyone wants to be part of a success and went further to thank the team from ActivEdge Technologies, SmartStream and his colleague for the extra effort that they have put in to achieve such a great result starting from day one.
‘The bank has always been ahead of the pack in Nigeria and with this whole reconciliation process now automated, we are now going to focus on growing our business and providing unmatched services to our customers since the load of back office operation has become minimal.
He commended the ActivEdge Technologies team in particular for being very professional in meeting the deadline set for go live on this project.
SmartStream Technologies has over 40% market share in the entire reconciliation market space globally providing Reconciliation, Exceptions Management, GL Substantiation, Cash and Liquidity Management, Corporate Event Action Management, Transaction Fee and Invoice Management to over 2000 corporate for the last 40 years.
The process of selecting SmartStream’s TLM Corona was very rigorous and had to be done in multiple stages with some weak vendors pulling out because of tough operational processing and transaction types that had to be reconciled through the system.
This allowed SmartStream to emerge as the best solution because they met all the evaluation criteria in terms of matching rate, automated exceptions and investigation, dashboard reporting, and automatic issue escalation according to well defined workflow.
With this successful implementation, Zenith Bank has now joined the league of over 2000 leading banks globally who are users of CORONA TLM Reconciliation and Exceptions Management Solution.
The solution from SmartStream covers a complete lifecycle of Transaction and is able to support multiple cycles of matching of ATM/POS and other switch based transaction in real time ensuring that customers who have challenges like ATM dispense errors can have their cash immediately corrected in no time.
There was a lot of excitement at the bank when the first day of productive use of the system showed more than 98% matching rate, a testament to the fact that the solution has a very robust reconciliation engine that can take away the pains of manual or semi manual transaction reconciliation challenges of the bank.
Another very important feature of the system which the bank is benefiting from is its ability to automate the investigation and exceptions management process.
No longer will reconciliation be done at the branches as the system has the ability to pick unmatched items and distribute these items to branches automatically creating an automated investigation process for each transaction.
Based on this very positive development, all reconciliation process has now been automated so, the bank will only focus on using as little as just 5 staff globally to manage exceptions raised by the system based on its automotive investigation engine.

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E-Business
Kaspersky Discovers New Phishing Campaign Exploiting Google Tasks Notifications to Steal Corporate Credentials

Kaspersky has uncovered a new phishing scheme that abuses legitimate Google Tasks notifications to trick corporate users into revealing corporate login credentials.

By leveraging Google’s trusted @google.com email domain and notification system, attackers bypass traditional email security filters and exploit users’ trust in familiar services.
In this campaign, victims receive an authentic-looking notification from Google Tasks with the subject line “You have a new task.” The message creates the illusion that the recipient’s company has adopted Google’s task management tool, pressuring them to act quickly. The notification often includes elements of urgency, such as a high-priority flag and a tight deadline, to prompt the victim’s immediate response.
Upon clicking the embedded link, users are directed to a fraudulent form disguised as an “employee verification” page, where they are asked to enter their corporate credentials under the pretense of confirming their status. These stolen credentials can then be used for unauthorised access to company systems, data theft, or further attacks.
“Google’s vast ecosystem of services gets exploited by scammers. The scheme with Google Tasks is part of a broader trend observed before and continuing into 2026, where cybercriminals misuse legitimate platforms to distribute scams and phishing.
Notifications originating from legitimate domains naturally evade many spam and phishing filters, while the social engineering aspect – making it seem like an internal company process – lowers the victim’s guard,” comments Roman Dedenok, Anti-Spam Expert at Kaspersky.
News
NITDA Equips Federal Character Commission with Data Tools to Drive Public Sector Reform

In a strategic move to modernise Nigeria’s public service, the National Information Technology Development Agency (NITDA) has concluded a specialised digital capacity-building programme for the Federal Character Commission (FCC).

The initiative, which included the donation of 35 laptops, aims to transition the Commission from manual processes to a data-driven oversight model, ensuring more transparent and equitable representation across all government MDAs.
In alignment with President Bola Ahmed Tinubu’s key priority area of reforming the economy for sustained and inclusive growth, as well as improving governance for effective service delivery, it forms part of NITDA’s Digital Literacy for All (DL4All) programme aimed at strengthening digital capacity across public sector institutions and building a workforce equipped to drive Nigeria’s digital transformation agenda.
The training, held at the Commission’s headquarters, focused on enhancing participants’ competencies in critical areas such as data analysis and data management, skills considered essential to improving institutional performance and service delivery.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Acting Director of Digital Literacy and Capacity Building, Dr Ahmed Yusuf Tambour, explained the purpose of the intervention.
“We are here at the Federal Character Commission to carry out a training for staff of the Commission in the area of digital literacy to enhance their proficiency,” he stated.
He noted that the training was deliberately tailored to align with the Commission’s statutory responsibilities.
“We are particularly focusing on data analysis and data management, because this really aligns with the core mandate of the Commission,” he said.
The Federal Character Commission, which is responsible for monitoring and ensuring equitable representation in public service across Ministries, Departments and Agencies (MDAs), relies heavily on accurate and well-managed data to carry out its oversight functions.
By strengthening staff capacity in data handling and digital tools, NITDA aims to enhance the Commission’s ability to manage nationwide datasets efficiently and transparently.
Describing the programme as impactful and well-received by participants, Inuwa said, “So it’s been a great journey. We’ve trained 35 participants here, and the training has been very well received.”
As part of the intervention, NITDA donated 35 laptops to the Commission to facilitate continuous learning and enable staff to seamlessly integrate digital tools into their daily operations.
The gesture is expected to reinforce the sustainability of the training outcomes and improve workflow efficiency within the Commission.
Expressing optimism about the long-term benefits of the initiative, Inuwa added, “We are hoping that this will help the Commission to manage the very, very important data that they collect across all MDAs.”
The intervention reflects NITDA’s sustained commitment to deepening digital inclusion within government institutions under the Renewed Hope Agenda. By equipping public servants with practical digital skills and the necessary tools, the Agency is advancing institutional efficiency, strengthening data-driven decision-making, and supporting the Federal Government’s vision of a modern public service capable of driving inclusive national development and economic reform.
Telecom
Telecom Giant MTN Injects N1.0 Trillion CAPEX into Network Expansion

In a bold move to future-proof Nigeria’s telecommunications infrastructure, MTN Nigeria embarked on a massive N1.0 trillion Capital Expenditure (CAPEX) drive, backed by its record-breaking 2025 financial performance.

MTN
The company’s audited results revealed a historic 108.9% increase in EBITDA to N2.7 trillion and a 215.5% rise in free cash flow to N1.2 trillion, providing the exact financial muscle necessary for this aggressive network expansion.
According to the firm’s strategic blueprint, without the ability to generate strong returns, the N1.0 trillion CAPEX required to maintain the network and deploy advanced technologies would simply not exist.
This accelerated network investment is already yielding significant dividends in consumer usage and reliability. The 2025 results showed a massive 74.5% surge in data revenue alongside a 42.1% increase in voice revenue. Furthermore, active data subscribers grew by 11.6% to hit 53.2 million, underscoring the robust commercial momentum and the continuous public demand for high-quality internet services powered by fresh CAPEX.
Speaking on the company’s trajectory, CEO Karl Olutokun Toriola confirmed that the restoration of positive retained earnings and a highly resilient balance sheet directly supported this accelerated network investment.
He said: “2025 marked a significant turning point in our business performance, with a return to profitability, stronger free cash flow, and the restoration of positive retained earnings and shareholders’ funds, enabling the resumption of dividend payments.
“Our balance sheet resilience – underpinned by robust operating performance, disciplined capital allocation, and reduced foreign currency exposure – supported accelerated network investment to enhance quality of service and user experience, positioning us to sustain growth and deliver attractive long term shareholder returns.”
The company continues to position this N1.0 trillion infrastructure spending as a cornerstone of its economic patriotism. As the largest corporate taxpayer, MTN noted that its heavy investments directly support government digital infrastructure ambitions and social welfare whilst stimulating the local tech ecosystem.
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