E-Business
Global Economy Integration Drives Nigeria’s Enterprise Business Apps- Sage

A growing focus on promoting sound corporate governance and enforcing regulatory compliance from the Nigerian government, paired with growing foreign investor interest in the country, is driving interest in enterprise business applications in Nigeria.
That’s according to Magnus Nmonwu, regional director for Sage West Africa who said that Nigeria’s government and tax authorities are taking a tougher line on compliance than ever before.
At the same time, Nigerian companies are finding themselves under pressure to improve financial reporting and corporate governance to address the demands of multinational business partners, investors, and customers.
According to Nmonwu, “Nigeria is becoming an increasingly important player on the global economic stage, and one consequence of that is we are seeing a bigger focus on compliance”. Government understands that a stable regulatory compliance framework is essential to attracting business investment and growing the economy, and there is also a concerted focus on growing the tax base.
“The consequence for enterprises is that they need to pay more attention than ever to getting their reporting standards, governance, and risk management up to international requirements. This is one factor behind the rapid growth in demand for Enterprise Resource Planning (ERP) solutions in Nigeria, across all sectors of business.”
One of the most important recent developments is the adoption of International Financial Reporting Standards (IFRS) in Nigeria.
IFRS is a set of accounting standards that guide recognition, measurement and disclosure of business transactions in the financial statements.
The Financial Reporting Council Act of 2011 gives effect to the adoption of these Standards by all Nigerian entities in accordance with the following conversion roadmap: Publicly listed and significant public interest entities – December 2012 (or accounting year end falling immediately after this date where December is not the accounting year-end); other public interest entities – December 2013 and small and medium scale entities – December 2014.
IFRS is important for Nigeria because it makes global comparison of financial statements for companies easier, said Nmonwu.
He added that it ensures transparency, reliable disclosure and a better quality of financial reporting, all of which give investors more confidence in the companies in which they are planning to invest.
“We’re seeing many international companies looking to invest in Nigeria, and they want a clear view of the financial health of the companies they are evaluating as possible partners, customers or investors,” Nmonwu said. “They want to see financials reported using global standards. IFRS has already done a great deal to improve investor confidence in Nigeria.”
Nmonwu said that Nigerian enterprises are investing in ERP solutions to cater for a newly demanding regulatory environment. Sage, for example, offers a range of compliant software packages that help businesses to produce the reports that IFRS requires from them.
The software makes it easier to capture data and information required for statutory reporting under IFRS.
Companies that don’t have automated software in place will find it difficult to keep track of their financials.
“Our software is up to date with the latest relevant local laws and regulations in Nigeria to help businesses become and remain compliant,” Nmonwu noted.
“In addition to IFRS, our HR and payroll software is fully compliant with the demands of the federal and state tax authorities, for example. It simplifies calculating statutory deductions, filing employer annual statutory returns, such that it enables companies avoid the penalty charges due on late filing.”
Sage energizes the success of businesses and their communities around the world through the use of smart technology and the imagination of our people.
Sage has re-imagined business and brings energy, experience and technology to inspire our customers to fulfill their dreams; working with a thriving community of entrepreneurs, business owners, tradespeople, accountants, partners and developers who drive the global economy.
E-Business
Meta to Charge Location Fees on Ads to Six Countries from July 1, 2026

Meta, a multinational technology company, has informed advertisers that it will begin applying new location-based fees to certain advertisements delivered in six selected jurisdictions starting July 1, 2026, as the company moves to offset costs linked to digital services taxes and other regulatory charges.

In an email sent to advertisers, the company explained that the new charges will apply to ad impressions delivered to audiences in specific countries, regardless of where the advertiser’s business is based.
“Meta will soon apply new location fees to ads delivered in specific jurisdictions to cover digital service taxes (DST) and other location-based fees imposed on Meta in those jurisdictions,” the company said in the mail.
According to the notice, the fees will be applied to ads delivered in Austria (5%), France (3%), Italy (3%), Spain (3%), Türkiye (5%), and the United Kingdom (2%).
The company added that these rates and jurisdictions could change over time.
Meta described location fees as additional charges tied to where ads are delivered rather than where the advertiser operates.
“Location fees are additional charges that may apply to ads delivered in selected jurisdictions to cover part of the costs associated with doing business in those jurisdictions,” the company said.
The company noted that the charges will be calculated after ads are delivered and will not be deducted from campaign budgets.
Meta gave an example in the email: if an advertiser spends $100 on ads delivered in Italy, where the location fee is 3%, the final cost would be $103, excluding any applicable value-added tax.
Explaining the reason for the change, the company pointed to regulatory developments affecting technology platforms.
“The cost of delivering ads in specific jurisdictions is changing due to the evolving regulatory landscape, including digital services tax legislation. Until now, Meta has covered these additional costs,” the company said.
The company added that the move aligns with broader industry practices, noting that other digital platforms may introduce similar charges linked to digital service taxes.
Meta said the location fees will apply to all ad formats, including image and video ads, as well as campaigns such as WhatsApp click-to-message ads that are billed together with advertising.
The fees will appear on invoices with clear descriptions by jurisdiction, such as “Italy digital services,” the company said, adding that taxes like VAT will still be applied on top of the total amount.
Advertisers were advised to review the affected ad accounts and share the update with their finance, procurement and marketing teams to prepare for the changes.
E-Business
Tizeti Tests Ad-Funded Internet Access Model in Nigeria and Ghana

Tizeti Network Limited, West African broadband provider, has launched an advertising-supported internet platform across its hotspot network in Nigeria and Ghana, allowing users to watch short video adverts in exchange for data access.

The system converts advertising engagement into internet connectivity, offering users the option to view a short video advertisement to unlock data without paying upfront.
Tizeti said the platform is now active across all its hotspot locations in the two countries, covering residential areas, campuses, commercial districts and other high-traffic urban locations.
The service runs on Google Ad Manager’s rewarded web advertising technology, which allows users to voluntarily watch advertisements and receive data rewards once the video is completed.
At a hotspot location, users connect to the network as usual but are given the option to watch a short advert in exchange for a defined amount of data. Those who choose to participate can repeat the process to earn additional internet access.
The company said the approach creates a value exchange between users, advertisers and network providers.
Users gain internet access without immediate payment, while advertisers reach audiences who have actively chosen to view their messages.
“Internet access is a fundamental driver of opportunity,” said Nsikak Asuquo, West Africa manager at Tizeti Network Limited.
“By rolling out reward-based internet access across Nigeria and Ghana, we are expanding connectivity without financial barriers while offering brands a high-engagement platform to reach more than 2.5 million active users,” he added.
Tizeti said participation in the advertising programme is voluntary and operates under its privacy policies, with data handled in compliance with the Nigeria Data Protection Act and Ghana’s Data Protection Act.
The launch comes as Africa’s digital advertising market expands rapidly. Industry projections suggest programmatic advertising spending could exceed $5 billion on the continent by 2028 as brands increasingly shift marketing budgets online.
By integrating Google’s advertising infrastructure directly into its hotspot network, Tizeti aims to turn public Wi-Fi locations into scalable digital advertising channels while widening access to the internet.
Advertisers will be able to buy ad placements through Google Ad Manager’s ecosystem, including open auctions, private deals and programmatic guaranteed campaigns.
Tizeti said its hotspot network serves more than 2.5 million active users across Nigeria and Ghana.
The company provides broadband services using a mix of fibre infrastructure and public Wi-Fi networks, targeting communities, schools and businesses across the region.
E-Business
NITDA, Nkenne AI Seek to Localise AI for Nigerians

National Information Technology Development Agency (NITDA) is partnering with Nkenne AI, a local artificial intelligence (AI) company, to develop language translation technologies tailored to the country’s diverse linguistic landscape.

There are more than 500 languages spoken nationwide, however many digital systems in Nigeria still operate primarily in English, leaving millions underserved.
NITDA and Nkenne AI have partnered with the ambition to improve accessibility and inclusion across Nigeria’s digital economy.
Nkenne AI’s chief executive, Michael Odokara-Okigbo, said the company is building localised AI translation tools designed for critical sectors, including healthcare, financial services and public administration.
According to him, these tools should enable users to interact with digital platforms in indigenous languages, thus improving accessibility and trust.
It’s not just a Nigerian challenge however, language barriers remain one of the biggest obstacles to technology adoption across Africa.
Beyond translation, the partnership between NITDA and Nkenne AI also seeks to strengthen Nigeria’s startup ecosystem by promoting responsible data practices and supporting emerging AI ventures.
Telecom3 days agoDimension Data Nigeria Seals N20bn Bond Deal to Bridge Digital Infrastructure Gap
Telecom3 days agoFirst Batch of Nigerian Undergraduates Emerged in Airtel Africa Foundation Scholarships Programme
General News2 days agoZedvance Hits ₦96bn Lending Milestone, Eyes ₦250bn Target in 2026
E-Business3 days agoCBN Affirms Alpha Morgan Bank’s Capitalisation
Broadcasting2 days agoMadonna University Taps Tech Guru Adote for Strategic Board Role
E-Financial3 days agoPolaris Bank Marks IWD2026 with Renewed Pledge to Women’s Empowerment
General News3 days agoMojisola Sayo-Kazeem Reflects on Leadership, Opportunity, Women in Tech @ IWD
News3 days agoEFCC Seals Anti-Corruption Alliance with Anambra Security Chiefs, Traditional Rulers


















