E-Business
Cashless Regime: Experts Warn of Dangers of Storage, Ring Solution

Data experts have painted a gloomy outlook for financial institutions and IT firms in the country in view of the expected explosion in information generation in the current cashless regime urging for a simplified storage facility, Nigeria CommunicationsWeek has learnt. The experts who gathered at the recent Storage Optimization Summit organized by Computer Warehouse Group (CWG) in conjunction with the International Business Machines Corporation (IBM) x-rayed a range of storage enhancement innovations pioneered through their synergy. The innovations according to them can underpin the Central Bank of Nigeria (CBN’s) policy on cashless economy by compressing information and reducing costs. Nigeria CommunicationsWeek gathered that statistically, information storage requirements grow between 20-40 per cent annually and may expand to 80 per cent. In the cashless regime, financial institutions may come out worse off because of dearth of simplified storage structures. Oluwaseyi Obiyemi, client technical specialist, IBM West Africa, said that smarter systems are creating information explosion currently in Zettabytes, citing that companies that budgeted one to five per cent for storage facilities are presently struggling to maintain the tempo with attendant costs. The client technical specialist, stated that IBM’s $500 million splash on research and development annually has been yielding positive results in terms of a range of apparatus it produced to contain the looming danger of data loss by companies. He said: “Very few banks have good back up solution recovery of data; that is, their backs up automated machines are not optimally perfect. Basically, big organizations that don’t attach much importance to data might not really know the harm. However, IBM solutions are cost effective technologies meant for data compression and duplications. “In other words, we are looking at companies having the right information at the right places, while managing space. Through automated tiering, automated data migration, banks can store more with what is on the floor by virtualization and thin provisioning. This will save the corporate bodies some stress, litigation and loss of valuable data”. Obiyemi said Obiyemi added that IBM’s Storwize V7000 can help corporate bodies simplify complex IT infrastructure, particularly to lower ongoing costs, improve flexibility and reduce demands on technical staff. Nodding in agreement, Emeka Udaya, storage business development manager, Tri-Continental Ltd, said that the challenges of data protection spurred by data growth in the last few months has exposed the incapacity of storage facilities, that take longer time to back up. He said that “Apart from that, some companies thought they could maneuver the situation by acquiring more storage facilities like disks, but they end up in higher service land requirements (spaces for the facilities). “And the need to keep data intact could be envisaged in the banks merger and acquisition that deal, particularly with existing data; security challenges; remote or branch offices operation and back up on silos-the cost of managing tapes attached to servers are increasing by the day,” he added. Udaya mentioned a number of solutions the synergy between Computer Warehouse Group and IBM have introduced under Trivoli Storage Manpower to include, TSM Server products, Bare Machine Recovery; Desktop/Laptop; Application protection and Space management archiving. Earlier, Dayo Abegunde, general manager, CWL Systems; a subsidiary of CWG, said with evolving delivery models, the IT industry is changing, particularly for the banking sector that is engaged in outsourcing, low head count, managed service. Meanwhile, “Delivery requirements must be demonstrated with better or enhanced platform.” Abegunde, who represented the Austin Okere, group chief executive officer, Computer Warehouse Group, noted that although the resources spent on IT by organization has continued to grow, however, ‘keeping the Light On, demands strategizing. He said that CWG in collaboration with IBM, a renowned leader and pioneer in the IT industry, organized the summit geared towards educating their customers on how to achieve better storage utilization and sharing of data across servers’ clients while helping to lower the risks and costs associated with the installation of a SAN solution. He said this will bring about, “Lower lifecycle costs thanks to innovative storage architectures that lower both capital and operational expenses; virtualized storage in order to reduce skills requirement; easy tie-ring to match value of data to the cost of the storage system and improved data storage to reduce costs and boost efficiency.”
E-Business
FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

Bosun Tijani, minister of Communications, Innovation and Digital Economy
The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.
He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.
Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.
He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.
“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.
Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.
According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.
“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.
Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.
Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.
E-Business
Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

A jury in Los Angeles has found technology companies, Meta and Google liable for contributing to a young woman’s social media addiction, in a case being described as a landmark ruling.

The 20-year-old woman, identified only as Kaley, argued that she became addicted to Google’s YouTube and Meta’s Instagram from an early age due to their attention-driven design features.
According to her testimony, she began using YouTube at the age of six after downloading the app on her iPod Touch to watch videos about lip gloss and online games.
Kaley told the court that she joined Instagram at nine, bypassing parental restrictions put in place by her mother, and spent extended periods on social media.
The trial, which lasted about a month, with arguments and evidence from both sides.
Jurors also heard testimony from Mark Zuckerberg, chief executive, Meta and Adam Mosseri, Instagram head.
However, Neal Mohan, YouTube chief executive, did not testify.
The jury found that the companies were negligent in the design of their platforms and failed to adequately warn users about potential harms. Meta and Google were ordered to pay the woman $3 million in damages.
Jurors also recommended additional punitive damages, including $900,000 against YouTube and $2.1 million against Meta, according to company spokespersons.
The jury apportioned 70 per cent of the responsibility to Meta and 30 per cent to YouTube.
Kaley was present in the courtroom when the verdict was delivered, alongside parents of other teenagers who say they were harmed by social media use. Both companies said they plan to appeal the decision.
“We respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online”, a Meta spokesperson said.
José Castañeda, Google spokesperson, said the case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.
E-Business
Nigeria, Finland Sign Cybersecurity Pact

Nigeria and Finland have signed a Memorandum of Understanding (MoU) on digitalisation and innovation, prioritising stronger cybersecurity cooperation amid a surge in cyberattacks targeting Nigerian institutions.

The agreement was formalised in Abuja on Monday between Dr Bosun Tijani, Nigeria’s minister of communications, innovation and digital economy, and Jarno Syrjälä, Finland’s under-secretary of state for international trade.
The MoU focuses on cooperation in digital governance, technology infrastructure, and cybersecurity to drive economic growth and improve public services, says a statement issued on Monday by Isime Esene, special assistant to the minister.
The agreement is a significant step in strengthening bilateral relations and advancing Nigeria’s digital economy agenda, says Tijani.
He notes the MoU builds on engagements in Helsinki in February, which centred on Nigeria’s Data Exchange Platform and Finnish participation in Project BRIDGE (Building Resilient Infrastructure for Digital Growth and Empowerment).
The talks also involved key Finnish finance institutions, including Finnvera and Finnfund.
The partnership is expected to unlock new opportunities for innovation and investment, positioning digital technology as a catalyst for shared prosperity, says Tijani.
Finland is committed to supporting the development of resilient, secure, and human-centric digital systems in Nigeria, says Syrjälä. He adds that digitalisation should enhance public trust and empower citizens, noting that Nigeria remains a strategic partner for Finland in Africa.
The agreement complements Finland’s lead role in a €23 million Team Europe Initiative aimed at strengthening Nigeria’s digital public services.
This programme is implemented by Finland’s development agency, HAUS, in collaboration with Estonia’s ESTDEV, and supports the 3 Million Technical Talent (3MTT) programme.
The deal comes as Nigerian organisations record the highest number of cyberattacks in Africa. In January 2026, organisations experienced an average of 4 701 attacks per week, a 12% year-on-year increase, according to Check Point Research.
In response, authorities are developing the 2026 National Cybersecurity Policy and Strategy update.
Expected later this year, the framework will mandate minimum cybersecurity investment requirements for organisations operating critical national information infrastructure, notes the ministry.
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