E-Business
IBM Supports FG’s Local Content Policy, Plans- Faulkner

The International Business Machine (IBM) has always been interested in developing Nigeria’s indigenous Information and Communication Technology (ICT) ecosystem, said Mr. Dipo Faulkner, Country Managing Director, (IBM Nigeria).
Faulkner made the remark on Tuesday evening during IBM and Corporate Council on Africa networking session for businesses in Abuja, held at the Ventures Platform.
He said that through its innovation centre in Nigeria, IBM has raised the bar in knowledge transfer needed to transform the country’s IT economy.
The IBM country MD added that the Company has also intensified efforts towards ICT education and awareness creation following the Company’ believe in improving the lives of the people for enhanced individual’s productivity, organisational growth and economic buoyancy.
“Thirdly, we make our resources- applications and solutions available to ventures that are in need of them to impact the society, like universities,” he said.
Faulkner added that IBM is keen on bringing its knowledge edge to improving Federal and State Governments’ IT plans.
He however maintained that the government need to exhibit foresight in its approaches and plans for the industry; using India as example, he said, ICT plans and innovation supports ought to start with students at the secondary school level, brain drain preventive adopted for the benefit of the country.
Also speaking, Mr. Ife Adebayo, special assistant, Innovation & Entrepreneurship to the Vice President, said that a lot is being done to correct inadequacies in the Nigeria’s ICT plans, adding that the government requires stakeholders support to push through its innovations and policies.
According to him, adequate data gathering and analysis are paramount to executing several projects in the country.
“This government has the will to carry everybody along in the execution of its plans. Meanwhile, we require accurate data to plan. But at the moment we are working with improved data gathering systems, for instance, the BVN is an accurate data to work with. The FRSC has done biometrics, like wise the SIM card registration. So, we are working on harmonising these data to have concrete figure(s) to work with. Therefore, we crave for the industry support to make our plans viable as we continue to implement them.
Adebayo disclosed that every data capturing now harmonises with the national database and not resident with respective government agencies.
On his part, Mr. Ridwan Sorunke, public affairs Corporate Council on Africa, said that the session was organised, essentially to enhance local and foreign business partners interaction with the government.
He said that Corporate Council on Africa is the leading U.S. business association focused solely on connecting business interests in Africa.
“The Body was established in 1993 to promote business and investment between the United States and the nations of Africa, the Corporate Council on Africa serves as a neutral, trusted intermediary connecting its member firms with the essential government and business leaders they need to do business and succeed in Africa”, he said.
According to Sorunke, the Council’s membership represents nearly 85 percent of total U.S. private sector investments in Africa.
“They represent a diverse pool of industries from Africa’s most promising sectors, including agribusiness, energy, finance, health, ICT, infrastructure, security, tourism and trade facilitation.
“Corporate Council on Africa is a key resource for conducting successful business in Africa. We work closely with governments, multilateral groups and businesses to improve Africa’s trade and investment climate and to raise the profile of Africa in the U.S. business community.
“Most importantly, we work with our member companies to help them increase their investment in and trade with the nations of Africa.
“CCA provides member companies with greater access, connections and insight for doing business between the United States and Africa through a number of sector- and country-specific working groups, high-level special events, business conferences, customized member services, trade missions and advocacy programs, ” he explained.
Other guests at the session called on the government to ensure ease of doing business in the country to boost confidence of both local and foreign investments.
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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