E-Business
Huawei to Boost ICT’s Growth with N80m Investment

The plan by a Chinese firm- Huawei to invest N80 million into the information and communications technology sector is expected to expand the investment profile of Nigeria.
The investment, which was announced at 2014 Nelson Mandela International Day in Abuja, at the weekend, will go into equipment, training and youth empowerment, especially in the technology sector.
Huawei explained that the amount of N4 million will be provided to the Nelson Mandela Institution (NMI), which will invest it in its affiliate, the African University of Science and Technology (AUST) in Abuja as the scholarship for students who have been admitted, adding that the amounts of these scholarship funds and the manner in which they are administered will be mutually agreed upon for each academic year or programme.
Furthermore, the Chinese technology firm disclosed that ICT equipment worth N76 million will be provided by it to NMI, which will put it at the disposal of AUST on the basis of identified needs of this institution and consistent with Huawei’s own policies and procedures and those of NMI and AUST.
Huawei is also expected to provide access to its Abuja training center to AUST for the computer science students on the basis of proposals to be developed jointly by AUST computer science faculty and Huawei engineers. AUST will invite Huawei engineers and researchers to organize workshops or specific classes to the students.
According to Osita Iweze, deputy managing director of Huawei Abuja office, “bridging digital divide is Huawei’s global strategy. Huawei has set up an ICT scholarship in University of Lagos since 2012. A 1,000 girls training program with Federal Ministry of Communication Technology was launched in 2013 and until now about 500 girls have finished their training courses.
“In 2014 Huawei keep expanding the investment on young ICT talents education and we are glad to work with AUST to ensure the graduates could be ICT industry leader in Nigeria and other Sub-Sahara African countries.”
Appreciating the gesture, Bonaventure Mbida-Essama, NMI chief executive officer, said the African University of Science and Technology (AUST) is the first of the NMIs, which was etablished as a centre of excellence in science and technology with a focus on African development.
“Since its inception, the AUST has more than 300 of PhD and MSc students from 19 African countries in five disciplines (computer science and engineering, pure and applied mathematics, theoretical physics, petroleum engineering, and materials science and engineering).
“NMI is willing to collaborate with Huawei, which is the world leading ICT solutions provider, not just with its affiliate in Nigeria, AUST, but also with the other institutions affiliated to NMI in Africa in places such as Tanzania, and Burkina Faso.
“This would also include institutions being considered in Zimbabwe and Mali. The main purpose for Huawei is to introduce the latest technology into the class and to give certain financial support to these institutions for the benefits of their students,” he said.
Among dignitaries at the event are Dr. Ngozi Okonjo-Iweala the Coordinating Minister for the Economy and Minister of Finance of Nigeria and LLA MnGumi the South African High Commissioner for Nigeria.
Huawei has been in Nigeria for 15 years and become a preferred ICT solutions provider for all telecom operators. Huawei’s enterprise business for industries such as banking, oil and gas, power and education is growing rapidly in terms of its integrated and customized solutions with Nigerian partners.
E-Business
NITDA DG Reaffirms FG Commitment to Responsible and Inclusive AI

The Federal Government of Nigeria has reaffirmed its commitment to building a responsible, inclusive, and sovereign artificial intelligence ecosystem to enable Nigeria to transition from being a passive consumer of AI technologies to an architect and builder of indigenous AI systems.

This was said by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, while delivering a virtual address at the InnovateAI Conference held in Lagos.
The conference brought together policymakers, technology leaders, innovators, and stakeholders to discuss the future of artificial intelligence and its role in driving Nigeria’s digital economy and national development agenda.
Inuwa outlined Nigeria’s ambition to transition from being a consumer of artificial intelligence technologies to becoming a builder and owner of AI systems that reflect national values and priorities, in line with the National AI Strategy.
“Our goal is not just to use AI, but to architect and build our own AI systems in Nigeria,” he said, stressing that the country must take ownership of its AI future.
He noted that Nigeria’s approach to artificial intelligence extends beyond innovation to include governance, infrastructure, data sovereignty, and policy evolution.
According to him, “Responsible AI is never a finished job; it is an iterative journey. Our policies must evolve as the technology evolves, and we must avoid frozen laws by adopting living policies that adapt over time.”
He cited the implementation of the Digital Economy and E-Governance Bill as a key mechanism for generating insights that will help refine AI regulations and governance frameworks.
Inuwa also highlighted the challenge of data representation in global AI systems, noting that most models are trained on non-African datasets, which often results in bias against local dialects, cultures, and demographics.
“If a model shows bias against a local dialect or demographic, we cannot just patch it. We must reinvest in infrastructure to retrain it with inclusive and representative local datasets,” he stated.
He added that building national AI infrastructure is critical to achieving data sovereignty and ensuring that Nigeria is not merely an end user of foreign AI systems.
He further called for strategic partnerships with global technology companies and hyperscalers to build AI infrastructure in Nigeria while aligning with local values and national priorities.
“The world today is a global village. We need to work with global players, but they must understand our local nuances and help us build the infrastructure to retrain and develop AI models that reflect our context,” he said.
The NITDA Director General explained that adopting a comprehensive AI lifecycle approach, from responsible data collection and governance to deployment and continuous feedback, will enable Nigeria to move from reacting to AI developments to proactively designing indigenous AI systems.
“Without understanding how AI models are trained, how decisions are made, and how models are retrained, it will be difficult to build a responsible and trustworthy AI system,” he warned.
He reaffirmed that the Federal Government is intentional about promoting responsible AI and is working closely with the technology ecosystem to co-design national AI guardrails. He described platforms such as the InnovateAI Conference and other national AI dialogues as critical to shaping Nigeria’s AI future.
E-Business
Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Mutual Benefits Assurance, a leading Nigerian insurance company, has paid a total of ₦5,937,665,353.57 in claims to policyholders in January 2026 alone, underlining its strong financial capacity and unwavering commitment to prompt claims settlement.

Mutual Benefits Assurance
A breakdown of the figures shows that ₦3,426,602,834.28 was paid under its General (Non-Life) Insurance portfolio, while ₦2,511,062,519.29 was paid across its Life businesses, including Group Life and Retail Life policies.
The significant payout within a single month reinforces Mutual Benefits’ reputation as a dependable insurer that honors its obligations swiftly and responsibly.
Commenting on the development, Olufemi Asenuga, Managing Director, Mutual Benefits Assurance Plc stated that claims settlement remains the core promise of insurance and the ultimate test of an insurer’s credibility.
“Insurance is built on trust. Our ability to settle over ₦5.9 billion in claims in one month demonstrates not only our financial strength, but also our deep commitment to our policyholders. At Mutual Benefits, we do not just sell policies. We stand by our promises,” he said.
With over three decades of operations, Mutual Benefits has consistently positioned itself as a strong and well-capitalised insurer.
The company operates both Life and General Insurance businesses and remains fully compliant with regulatory capital requirements as stipulated by the National Insurance Commission (NAICOM).
The January payout reflects Mutual Benefit’s robust underwriting standards, prudent risk management practices and efficient claims administration framework.
It also aligns with the company’s broader record of substantial claims settlement in recent years, reinforcing its standing as a trusted brand in the Nigerian insurance industry.
Mutual Benefits employs over 5,000 staff, managed by seasoned management team and an experienced Board of Directors. Industry observers note that prompt claims payment remains one of the most critical differentiators in Nigeria’s competitive insurance landscape.
By consistently settling valid claims without delay, Mutual Benefits continues to strengthen customer confidence, deepen market trust and expand its footprint across retail and corporate segments.
As the company begins 2026 on a strong footing, it reiterates its commitment to innovation, service excellence and delivering value to policyholders and stakeholders alike. Mutual Benefits Assurance focused on its mission to provide reliable risk protection solutions while maintaining the highest standards of professionalism and integrity.
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.
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