E-Business
Recession, Forex: Cloud Offers Cost Saving Measures to Companies- Sanni

Following the present economic recession and foreign exchange shortage realities in Nigeria, Oracle Corporation believes that organisations in the private and public sectors can best reduce cost of running business by embracing bring your own device (BYOD) powered by cloud-based solutions.
Mr. Adebayo Sanni, country managing director at Oracle (Nigeria), expressed the view during an interview with ICT journalists at the 2016 Oracle Digital Day (#Oracledigitalday) held in Lagos on Wednesday, calling for more innovativeness by regulatory agencies to accord indigenous the flexibilities to embrace cloud technology.
Earlier in his presentation, Sanni reiterated the potency of cloud technology, referring to Oracle Corporation’s prediction of a sharp drop in the traditional IT spending of businesses across the globe over the next decade, making way for cloud services and leaving more room for innovation than hardware and software maintenance.
According to him, by 2025, 80% of information technology (IT) budgets will be spent on cloud, and not on traditional IT, as almost all of the new applications will be on SaaS (Software as a Service) applications by 2025.
He said that players in the Nigerian ICT environment should recognise that spending on cloud infrastructure will continue to accelerate and will not again be linear.
He boasted that Oracle, a US-headquartered company, remains the fastest growing cloud firm, spending over $5billion on research and development (R&D) annually.
Oracle, which has a total of 20,000 cloud customers, he said, increasingly more and more companies will rely on cloud.
He also referenced the Oracle report which predicted that with the shift to the cloud services, the number of corporate-owned datacenters will also drop by 80 per cent by 2025.
On his part, Xavier Verhaeghe, vice president Technology Solutions, Europe, Middle East and Africa (EMEA), said that cloud technologies are providing a level playing field for companies to innovate and manage their resources better.
“We have seen that in the presentation made by the Jumia CEO. The company which started barely four years ago has spread to other countries. Before now, it was only very big corporations that can make such investments internationally, but cloud services have made their operations very seamless, providing opportunities for growth and productivity. Similar case is associated with Uber which offers pay-as-you-go solutions to people. Technology has never been so affordable than it is today. Today, the issue is not about the hardware or the software rather having a better experience to integrate the capabilities the solutions offer. If you are able to overcome that the company has a great future.
Nodding in agreement, Sanni said, “We heard the response from the gentleman from Wema Bank. The way he started his conversation shows that Wema Bank is the only bank with Chief Digital Officer (CDO); now that is a function that the playing field is levelled now. As far as Wema Bank is concerned, it can play in the level of other banks we deem as smart banks today. That wasn’t the case a few years ago. In fact, branches are shrinking as banks move to the cloud.
“The era of digital bank entails that you can walk into a bank, probably on Sunday, open an account, deposit money in there, without meeting a single staff. This is the world of digital”.
The Oracle Digital Day provided participants unique opportunity to discover how to adopt the cloud more quickly, take advantage of the opportunities it presents, and stay in control.
The interactive event explored how cloud ecosystems can drive digital transformation and make data-driven innovation a reality in organizations.
Oracle Nigeria leveraged the platform to inundate participants on its solutions such as Cloud Infrastructure – hardware and software systems, storage, servers and processors; IT systems development – development tools; PaaS and IaaS – state-of-the-art technological platforms in the Cloud; EPM and ERP systems available in the Cloud; HCM solutions in the SaaS model and
Customer Experience – cloud solutions for ensuring excellent customer relations.
E-Business
Galaxy Backbone Celebrates the Federal Government’s Paperless Civil Service Milestone

Galaxy Backbone (GBB) aligns with and celebrates the successful announcement by the Office of the Head of the Civil Service of the Federation on the achievement of a Paperless Civil Service, a significant milestone in Nigeria’s public sector reform and digital transformation agenda.

The milestone was formally highlighted at a press briefing led by the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, who commended Galaxy Backbone for its sustained support and contribution throughout the implementation of the programme.
GBB has played a critical role in enabling this transition by providing secure, scalable, and shared digital infrastructure that supports the digitisation of government processes across Ministries, Departments and Agencies (MDAs). Through the 1Government Cloud, MDAs have been empowered to migrate from paper-based workflows to digital platforms, improving efficiency, collaboration, data security, and service delivery across the Federal Civil Service.
In addition, GovMail, GBB’s secure government email platform, has strengthened official communication, enhanced records management, and reinforced cybersecurity standards—key pillars in sustaining a paperless operating environment.
Galaxy Backbone acknowledges the collective efforts of the Office of the Head of the Civil Service of the Federation, Permanent Secretaries, Directors of ICT, consultants, partners, and dedicated public servants whose commitment and collaboration ensured the smooth delivery of this initiative.
The Managing Director/Chief Executive Officer of Galaxy Backbone, Prof. Ibrahim Adeyanju, was represented at the press briefing by Akintayo Bamisaye, Acting Group Head, Research, Digital Innovation and Skills Department (RDIS).
GBB describes the achievement as a strong close to 2025 and reaffirms its commitment to supporting the Federal Government in building a modern, efficient, and digitally enabled public service.
E-Business
Jumia CEO says Black Friday Signals Nigeria’s E-Commerce Maturity

At the close of 2025, Temidayo Ojo, the CEO of Jumia Nigeria, reflected on a year-end shopping season that points to the growing maturity of the country’s e-commerce market. “Black Friday is no longer a single, short-lived spike in activity,” he said.

“It has become a familiar, anticipated moment in the retail calendar, where consumers shop deliberately and with confidence.”
Preliminary KPIs for the two months ended November 30, 2025, show strong year-on-year growth in both orders and Gross Merchandise Value (GMV), with GMV growth outpacing order growth. This indicates that customers are placing fuller, more considered baskets rather than shopping in fragmented transactions. Nigeria ranked among Jumia Group’s better-performing markets, with engagement remaining steady throughout the Black Friday period rather than spiking briefly and tapering off.
A key factor behind this performance is the growing familiarity of consumers with online shopping. Customers are increasingly leveraging platform features such as saved carts, brand stores, and price comparison tools to plan purchases in advance. This trend suggests that digital commerce is becoming embedded in everyday habits rather than being viewed as a one-off event.
Ojo also highlighted the role of Jumia’s JForce network in connecting digital commerce to local communities. “Our agents are critical to ensuring that customers across Nigeria, including secondary cities and smaller communities, have access to variety, consistent pricing, and reliable delivery,” he said. “During peak periods like Black Friday, JForce agents can respond faster, serve more customers efficiently, and build stronger local relationships. This isn’t just a distribution channel—it’s a pathway to sustainable income and inclusion.”
Reflecting on the overall performance, the CEO concluded: “What we’re seeing this year-end is steady engagement across categories, stronger consumer confidence, and partners like our JForce agents benefiting from increased activity.
“It confirms that Nigeria’s e-commerce ecosystem is maturing, growing in a more structured and resilient way. As the December Holiday Sale continues, we expect these patterns of familiarity, trust, and participation to sustain momentum and drive both commerce and community impact across the country.”
E-Business
Galaxy Backbone Tops FG’s Website Performance Ranking

Galaxy Backbone Limited (GBB) has been ranked first overall in the 2025 Federal Government Website Performance Scorecard.

This is a landmark achievement for Nigeria’s digital economy.
The ranking, conducted by the Bureau of Public Service Reforms (BPSR), is the definitive benchmark for digital excellence and transparency across all Ministries, Departments, and Agencies (MDAs).
Professor Ibrahim Adepoju Adeyanju, managing director and CEO of Galaxy Backbone, received the award during a ceremony in Abuja.
He described the feat as a validation of the agency’s“Nigeria First”data sovereignty strategy and its relentless pursuit of service excellence.
This recognition comes as the Federal Government intensifies its push to achieve a fully paperless civil service by December 31, 2025.
GBB has been the primary architect of this transition through its 1Gov Enterprise Content Management (ECM) platform, which now hosts the operations of almost all federal MDAs.
The award adds to a growing list of accolades for Galaxy Backbone in 2025, following its recent win of the “International Standard Excellence Award for Best IT Service Provider.”
As the central hub for government shared services, GBB’s performance serves as a blueprint for other agencies currently undergoing digital transformation.
With its expanded fiber-optic backbone now covering over 13 states and its secure cloud solutions, Galaxy Backbone remains the cornerstone of Nigeria’s vision to become a leading digital nation by the end of the decade.
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