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IoT Is Creating Big Market for Privileged Identity Mgt. Solution – Uzoma

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Chima Uzoma is the current Chief Executive Officer and founding partner of Boch Systems.
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Chima Uzoma is the current Chief Executive Officer and founding partner of Boch Systems. He is an agile and strategic Technology Executive with an excellent track record in heading diverse businesses to consistent growth and profitable outcome.
He has over 16 years practical IT experience; and has worked with several technology giants in Nigeria, including Microsoft, Technology Distribution, ICONET Group, and Imperial Business Systems; among others. He spoke to peter oluka on Boch System’s partnership with Arcon and the advantage it will bring to organizations on the Continent.

BYOD, Cloud Computing, IoT and Security Lapses
There is a future for Privileged Identity Management Solutions (PIMS) as the world embraces Internet of Things (IoT), Bring Your Own Device (BYOD), Cloud Computing or mobility in general. It means you need to have access to every of these devices. Arcon is thinking ahead like two decades from now, how are you going to manage these applications. So, IoT is creating a big market for PIMS. Now, your electronics will be talking to you, which demands the right authorized access to be able to talk back to them.

Growth of Cyber Market in Nigeria and Place of Arcon
Cyber security is the future, because technology is driving a lot of things- banking operations, communications, e-commerce and more the advent and growth of technology, the increase of the challenges like attacks. It requires a lot of awareness, and every company must be part of finding the solutions, because they need to keep their data.
Arcons is a product; when you acquire it, you have full control. The demo session shows there the administrator decides who does what and how the period you would prefer the password changes. And there are criteria to that. With regards to increased cyber attacks, if I take care of my insider threats and ensure your keys are not in the wrong hands, then, we are moving forward; by then, 70% of the threats are curbed.

Companies Should Set Cyber Security Guide for Employees
Every organization should take cyber security very serious, because it I can collapse a business and it is a high risk area. Imagine my email is hacked, by mere remembering that I wouldn’t know what the hackers are doing with the content of the email; it can lead to all manner of psychological trauma. However, we offer a solution on security and the governance; it has helped organizations to mitigate risks as much as possible.

Evolution of Policies in The Cyber Security Sub-Sector
In terms of government, I wouldn’t know what they are currently engaged on, because it has become a herculean task. But, the Financial Institutions (FIs), for instance have a lot of investments in that regards, and the telcos. Nigerians are adapting to future technology. When we opened our office in Ghana and compared both markets, we found Nigeria is far ahead. Technologies that were implemented in Nigeria, maybe two years ago, they are about to be considered in Ghana.

Boch Systems Limited
Boch Systems has a Pan-African vision to be the leader in providing information and implementation solutions in Africa. Currently, the Company is in Nigeria and has started a full-fledged operations in Ghana. Boch Systems Company Limited is a leading Systems Integration Company of choice, providing professional and high quality ICT services to our esteemed clients. We are driven by a passion to offer reliable, timely, and cost effective solutions; relying on our thoroughly skilled and dedicated workforce, supporting partners, and advanced technologies; thereby guaranteeing maximum ROI to all stakeholders.
Boch Systems creates solutions for leading organizations in all sectors of industry, commerce and government. We work with our customers to identify and create better ways of doing business – from optimizing existing tools and resources to realizing revolutionary processes.
At Boch Systems, we fully understand Lead Capital Government environment and the challenge it faces in using technology to bear on its service delivery to its staff and customers.

Partnership with Arcon
Arcon is actually bringing two things; first, advanced technology in the cyber security space. Secondly, the products are cost effective. With the situation of the country, companies are concerned about getting a quality product at the right price.
So, we signed a partnership with Arcon to represent them in the whole of Africa and deploy solutions to financial institutions and the telcos. Its flagship product- Arcon, is a Privileged Identity Management Solution (PIMS). Today, about 70% of cyber attacks that occur today are instigated from within from organizations. Most of them are caused by disgruntled staff, or staff with privileged access to company’s data. So, when access to the security protocols is compromised it affects the business. Therefore, Arcon’s solution is such that ensures your insider protocols are protected. Even if you have a third party who works with you, Arcon has a system to help organization guide against breaches. It is a time-based access guarantor into your application and shares a link on what the person actually did. So, it helps you ensure that from the inside you are fully protected.

Value Proposition of Arcon Solutions
The first value proposition: this is an advanced technology. Formerly, you have what is called Privileged Access Management  Solution (PAMS), but Arcon has narrowed it down to PIMS, which entails you manage not just the access but who does what. There are features that other competitors cannot boast of.  Secondly, everybody wants to buy the right product at the appropriate price. Arcon is flexible with regards to pricing. Other solutions out there tend to remain on their high horses, but Arcon is willing to come down to your level and offer you service.
In terms of customization, because the whole thing is designed by them they are ready to offer you special attention. There are connectors we constitute which other competitors with over two hundred experts, which other competitions lack. And the inhouse developers are ready to customize

Targeted Market
Any technology driven organization requires cyber security solution, because the systems are always subject of attack- serves, networks or switches, they require access. Arcon is available to companies across sectors. For instance, a company like Jumia or Konga, the merchants go ‘in there’ to post or update values of products. Such process can lead to compromise, therefore, you require a robust solution like Arcon to monitor the processes. Aside the firewalls, they need further identity management solution to ensure even protection. Example, an insider can alert an outsider about a possible order for a pair of shoes, he goes to supply same and collect the money, thereby leveraging the investments of the e-commerce platform without making any revenue contribution to it.

Aside Arcons, Other Boch Systems’ Solutions
We are a full security technology organization, offering end-to-end solutions. We have partners who provide global enterprise firewalls relevant to banking, e-commerce, telecommunications and other industries. These firewalls are safeguards against external attacks. We also provide data access management solution. Aside giving you access, there are certain people that are not privileged users especially to unstructured data. Unstructured data seat on serves on individual systems. We have seen confidential letters or memos from government going public because it fell into the hands of unauthorized person even as an unstructured data.

Digital Marketing And Implications To Bank Customers
The future is social media and the future has gone mobile. In fact, any organistion that is not thinking about using the social media to win customers is not looking at the right direction. Today, we are talking about digital marketing. It is about utilizing the social media to create awareness. That is same thing banks are extending to customers. The beauty of it is that the more we engage on social media, the need for them to secure the networks, and also ensure the customers are left in danger of cyber attacks.  


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CBN Projects Petrol to Hover around N905/Litre this Year

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Central Bank of Nigeria (CBN) has projected that the pump price of petrol would hover around N950 per litre in the year 2026.

CBN Projects Petrol to Hover around N905/Litre this Year

The CBN stated this in its 2026 Macroeconomic Outlook for Nigeria.

In its outlook for the domestic economy, the bank made what it called baseline projections predicated on assumptions like crude oil price at an average of $60 per barrel in the fourth quarter of 2025 and $55 per barrel in 2026 and the Nigerian Foreign Exchange Market exchange rate at an average of N1,451.63/$ in Q4 2025 and N1,400/$ in 2026 (supported by a more efficient foreign exchange market, higher capital inflows, a current account surplus, and a broad-based improvement in economic activity).

The CBN stated that domestic crude oil production is assumed to be at about 1.5 million barrels per day throughout the forecast period, as premium motor spirit is expected to sell around N950, an amount higher than the current pump prices.

“The baseline projections are predicated on the following assumptions: crude oil price at an average of $60/barrel in Q4 2025 and $55/barrel in 2026 (consistent with the US EIA’s outlook that rising global crude oil inventories and supply glut would moderate prices); NFEM exchange rate at an average of N1,451.63/$ in Q4 2025 and N1,400/$ in 2026 (supported by a more efficient FX market, higher capital inflows, a current account surplus, and a broad-based improvement in economic activity).

“Furthermore, domestic crude oil production is assumed at about 1.5 mbpd (excluding condensates) throughout the forecast period. PMS price is expected to hover around N950 per litre in 2026. Government expenditure is projected to follow the 2025-2027 MTEF/FSP path, reflecting an expansionary fiscal stance aimed at supporting the $1tn economy initiative. MPR and CRR are assumed at 27.00 and 45.00 per cent, respectively. The baseline projections were generally supported by the assumption of continued improvement in business optimism and stronger investor sentiment,” the CBN said.

 


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FG to Empower Artisans for Global Value

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The Federal Government has reaffirmed its commitment to grassroots artisans to upgrade local skills to meet both national and international benchmarks and compete in the global markets.

Speaking recently during the Skill-Up Artisans (SUPA) zonal rally, Dr Afiz Ogun, director-general of the Industrial Training Fund (ITF), stated that the initiative is designed to professionalise the sector.

The rally was designed to raise awareness of the programme throughout the North-West region.

The rally saw a diverse turnout of professionals, including those in construction and engineering such as welders, fabricators, plumbers, and carpenters.

Those in the technical service comprised of electrical installers and automobile mechanics, while those in the creative and digital space were fashion designers and ICT technicians.

Represented by Muhammad Aminu, the former zonal director of the ITF, Ogun explained that the SUPA scheme seeks to convert traditional craftsmanship into sustainable livelihoods.

He emphasised that the goal is to transform artisans from job seekers into employers of labour.

“We are calling on artisans across the North-West to embrace the SUPA programme,” Ogun remarked. “This is an opportunity to enhance productivity, increase earnings, and ensure our workforce can compete on a global stage”.

According to the DG, the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, focusing on restoring dignity to manual and technical work.

He noted that a competent artisan class forms the essential foundation of a productive economy.

He further called upon traditional rulers, community leaders, and trade associations to assist the ITF in disseminating information about the programme to ensure high participation rates.

“We are here to engage the technicians, the tradespeople, and the young talents who serve as the backbone of our economy,” he added.

Nancy Ekong, director of the Technical Vocational Skills Training Department, highlighted the programme’s recent successes. She revealed that over 30,000 artisans were trained and upgraded during the initial SUPA cycle in 2025.

The ITF remains optimistic that the continued expansion of SUPA will bridge the existing skills gap in Nigeria’s industrial sector.

 


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Bill Gates Pays Ex-Wife $8Bn Charity Payout in Divorce Settlement

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American billionaire businessman Bill Gates, has paid $8 billion to his ex-wife, Melinda French Gates’ charity, five years after their split over his affairs with other women.

Bill Gates Pays Ex-Wife $8bn Charity Payout in Divorce Settlement

Bill Gates and Melinda French Gates

Gates made the $7.88 billion donation to Melinda French Gates’ Pivotal Philanthropies Foundation in 2024, The New York Times revealed.

The sum, one of the largest public donations ever recorded, was revealed in a new tax filing, which shows the first specific financial terms of the couple’s high-profile split in 2021.

Melinda resigned from The Bill and Melinda Gates Foundation in May 2024. Despite leaving the charity, she suggested her ex donate $12.5 billion to a new charitable foundation she intended to create.

A representative for Pivotal told the Times the $12.5 billion agreement has been fulfilled, and the nearly $8 billion donation was part of that agreement.

Melinda set up her Pivotal Philanthropies Foundation in 2022, the year after the divorce. At the end of 2023, it had $604 million on hand.

The billionaire pair split after 27 years together in 2021, embarking on what is considered the most expensive divorce settlement in the world. Melinda later received approximately $76 billion in assets.

Months later, details of Gates’ affair with a Microsoft employee were exposed.

The woman penned a letter to the company’s board in 2019, divulging details about the fling which began in 2000 and demanded that his wife, Melinda “read it”.

Microsoft’s board investigated the women’s claims and deemed the relationship “inappropriate”, the Wall Street Journal reported at the time.

Gates suddenly quit the board in March 2020 while the investigation was still in progress – and before the board could make a formal decision on the matter.

Two further bombshell reports were then revealed, alleging Gates had routinely hit on staffers at Microsoft and at the philanthropic foundation he founded alongside his wife.

A separate shocking report claimed that Gates had sought marriage advice from Jeffrey Epstein, with whom he reportedly shared a “close” relationship, having first met the convicted sex offender in 2011.

Gates’ and Epstein’s friendship first came to light in 2019, months after Epstein killed himself in his Manhattan jail cell while awaiting trial on charges of child sex trafficking.

The two men reportedly spent time together on multiple occasions, flying on Epstein’s private jet – dubbed the “Lolita Express” – and attending late-night gatherings at his Manhattan home.


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