General News
Oracle is simplifying IT – Pegrume

Tom Pegrume ,vice president, Oracle Hardware Sales, Middle East and Africa was in Nigeria on a working visit and he spoke next generation data index; R&D and host other issues.
He also spoke of excited some innovations in Nigeria and other countries in Middle East and Africa in this interview with peter ugwu
Next Generation Data Index, What Are The Expectations?
Anyone who had opportunity of going through our recent report which established that many businesses are lagging behind in their use of innovative technology in data centres, will understand that it makes them less efficient, especially in meeting industry demands and responding to change quickly.
Many were also found to be lagging behind in terms of managing spiraling energy costs. We discovered two key things.
Firstly, from the time we released the previous report to the present time where we clamoured for improvement in data management; now there is a general intent, and there has been a big swing to the use of cloud-based data services to manage data offsite.
What we have seen happening more recently are companies buying into the essence of using cloud for saving their data.
Just as the report also showed, there has been improvement in the general performance of many organisations, as measured in three key areas: achieving data centre flexibility, sustainability and supportability.
We are seeing increasing alignment between IT and business with many companies taking advantage of the radically improved price performance on new technology to develop innovative products and services that were not possible two or three years ago.
There is a visible stepping up in consolidation, virtualisation and systems management. Now, the focus should be to implement necessary strategies and innovations meant for business to operate optimally.
Are Companies Buying Into The R&D Results?
We have organisations across the regions that are really eager to embrace research results before embarking on new projects.
They are following the roadmap that will lead to transformation; that is, appreciating the need to take advantage of the technology and tools available to solve issues to do with data management in an organisation.
Oracle’s strategy is to reduce complexity and assist organisations to manage their IT costs.
When we do that, they can channel the savings into innovations and transformation; that will further help them get services delivered to their customers and be responsive as situations may call.
Oracle’s investment in R&D enables us to engineer hardware and software to work together in the cloud and in the data centre – from servers and storage, to database and middleware, through applications.
This R&D results in Oracle systems providing better performance, reliability, security, and flexibility, lowering the cost and complexity of IT implementation and management, and delivering greater productivity, agility, and better business intelligence to our customers.
Success Stories
We have success stories to share, mainly around cost savings. We have customers in this region that are already seeing the benefits of Oracle’s Engineered Systems in their businesses, and many more that are currently evaluating these technologies.
Personally, I am excited seeing some innovations in Nigeria and other countries in Middle East and Africa.
Target Business Segment
We have expertise and experience across a large number of industries, and we will continue to invest and expand in these industries.
However, we are not targeting just a segment of the business circuit. Small and medium businesses are very important, because they need innovation and solutions for growth, at the same time; we are not limiting ourselves to that area.
Every business needs ICT, especially in the areas of data security and optimization. In essence, whilst we are deploying solutions in the sectors like health, education, government, transport/utilities, Oracle solutions address complex business issues that are relevant across many industries and size of organisation.
Oracle In The IT Environment
Innovation and complexity are two critical topics on executives’ minds. Innovation is what gives them a competitive edge; increased complexity is their greatest challenge.
Complexity keeps organizations tied to systems that aren’t as effective as they need to be and it stifles the ability of IT groups to support new ideas and gain a fresh perspective.
Oracle is simplifying IT by engineering hardware and software to work together—from servers and storage to database and middleware to applications.
The idea behind Oracle’s integrated technology stack is that the whole is greater than the sum of the parts.
There are best-of-breed products throughout the stack, and every product and every layer of the technology stack is designed and engineered to work together. Integrated solutions engineered for specific industries make delivering IT simpler.
And when IT is simple, you can focus on business innovation. With more than 390,000 customers—including 100 of the Fortune 100—and with deployments across a wide variety of industries in more than 145 countries around the globe, Oracle offers an optimized and fully integrated stack of business hardware and software systems.
Adaptability of Oracle Software to the Nigerian Business Background
Historically, Oracle has been strong in Nigeria. We have a huge Nigeria software customer base, using Oracle applications like eBusiness suite, our Flexcube banking products and others. We have been talking to customers, which formed my earlier comment that there has been progression and a shift from the old path.
This change started; particularly in the last ten years through the revival of the telecommunications sector which enable people to communicate more whilst doing business. It has really pushed a number of organisations to be more competitive and since then Nigeria has been witnessing change.
Plugging $2M Network Downtime
There is a need for people to appreciate that downtime is something that can happen to any company that relies on IT. It is just for the companies to realise what the fault is and try to install advanced technologies to contain such.
Meanwhile, there will always be technologies that will help plug areas like disaster recovery; we will always have that to make it easier for them.
For example, if you buy Oracle storage today, you get a server and platform that offers you a huge space to save data. A lot of pressures that surround disaster recovery revolve around the storage capacity.
Impression on Nigeria’s IT Market
We have really started to see innovation in Nigeria. Organisations in the country are very dynamic and forward looking.
Nevertheless, prior to them trying to align themselves with the business strategies we saw the hunger. And the trend has been such that when a particular company goes that way, others would want to follow… they now think outside the box trying to adopt and adapt to the input technology has to offer.
And it also speaks volumes about the leadership, because the leadership seemed to have asked the question like how do we abolish the old inclinations.
I think that is why companies are thinking ahead, appreciating the efficacies of research and development.
They are getting out of their complacencies, moving ahead with the new ways of doing things. My advice is that they should not derail, there are going to be cross-competition and pressure on them, but they can compete.
General News
Conoil Bonanza Winners Emerge

Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.
A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.
The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.
The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.
General News
PalmPay Couples Show How Love Is Funded Digitally

PalmPay users took to the #LoveWithPalmPay campaign to show how experiences are powered through seamless banking.

It’s the month of love and social media has been filled with couples showing affection with gifts. As digital payments become embedded in everyday life, the way relationships are planned, funded, and experienced is evolving.
Recent insights from SBM Intelligence 2025 ‘Love in the Air’ report show that despite economic pressures, most Nigerians still set aside dedicated budgets for Valentine’s Day, with the largest percentage planning to spend between N51,000 and N100,000, while less than 5% are willing to spend above N500,000.
This growing intentionality highlights the need for platforms that help people manage their money more effectively, offering features like free transfers and tools that make it easier to send, track, and preserve funds while still showing up for meaningful moments.
Through the #LoveWithPalmPay campaign, PalmPay set out to show how the platform is enabling users to plan, pay, and celebrate meaningful moments with greater ease.
During the Valentine’s season, PalmPay invited couples across Nigeria to share their stories through the #LoveWithPalmPay campaign, celebrating how digital banking supports their individual expressions of love.
The campaign saw strong participation, with many PalmPay couples submitting entries that showcased how they use the app to plan surprises, pay for outings, and stay connected through everyday transactions.
From these entries, four couples were selected, each showcasing how PalmPay has enabled fast and reliable transactions in key moments.
One video from @simply.omotoshan, one of the selected couples, captures the role of seamless payments in making their spontaneous moments possible.
She said in her entry video: “Our cutest money moment with PalmPay was when we planned our Valentine’s picnic and realized we had forgotten half of the things we needed; literally, half of everything. We rushed to the mall to get cakes, food, decorations, and all the essentials. When it was time to pay, we used PalmPay.
“The transaction was smooth, fast, and stress-free. In no time, we were done setting up our Valentine-themed picnic with everything perfectly ready. Honestly, all our experiences with PalmPay have been easy and satisfying, but this one is definitely our cutest money moment. Thank you, PalmPay.”
A testimonial from the fourth selected couple, Mohammed and his wife, reflects his excitement: “Hello PalmPay, thank you so much for selecting us as one of the winners of the #LoveWithPalmPay campaign. We truly appreciate this. My wife and I are very grateful. Thank you, PalmPay, for the love and support. We’re so happy and thankful for the N100,000 reward. We love you, PalmPay, and long live PalmPay. Thank you so much.”
Beyond the feel-good stories, the campaign reflects a broader shift: fintech is no longer just about transactions, it’s about enabling experiences. Reliable payments, fast transactions, and accessible financial tools reduce the friction that can disrupt important moments, allowing users to focus on connection rather than logistics.
From paying for dinner to managing other expenses, PalmPay continues to demonstrate how digital financial services support modern relationships, proving that in today’s economy, love is not only felt, it’s funded digitally.
General News
KPMG Strengthens Africa Leadership to Support Long‑term Growth Across the Continent

KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG one Africa, alongside the addition of Professor Olayinka David‑West and Dr. George Njenga as independent members of the Africa Governance Council (AGC).

Effective from March 2026, the appointments reinforce the firm’s leadership expertise, underscore a long‑term commitment to Africa and highlight confidence in the continent’s growth potential.
“Africa is one of the most dynamic and promising regions in the global economy, and KPMG is committed to playing a meaningful role in its growth story,” said Tola Adeyemi, incoming CEO for KPMG One Africa.
He continued: “It is a privilege to step into this role at such a pivotal moment for both KPMG and the continent. I look forward to building on our strong, connected and high‑performing base to deepen collaboration and deliver consistent quality and impact across our markets.”
KPMG is recognised globally for its commitment to quality, integrity and professional excellence, supported by a strong global network of member firms. Trust remains the foundation of the audit and accounting profession, with high standards of governance, ethics and audit quality increasingly demanded across Africa’s public and private sectors.
KPMG One Africa’s approach brings the continent closer together with strong leadership to strengthen cross-border collaboration and offer shared expertise and consistency which is business‑critical to help clients navigate complex risks and unlock sustainable growth opportunities.
Commenting on the appointment, Professor Ben Marx, Chairman of the Africa Governance Council, said: “Tola Adeyemi is exceptionally well positioned to lead KPMG One Africa. In addition to his global perspective as a member of the KPMG Global Council, he brings significant influence and credibility as a respected business leader across the continent.”
The appointments of Professor David‑West and Dr Njenga to the Africa Governance Council, which provides board level governance, further strengthens independent oversight, bringing strong academic credentials alongside deep strategic and business expertise.
“These appointments reinforce KPMG’s commitment to strong governance, accountability and leadership depth,” Marx added. “They complement our established African leadership team, in‑country managing partners and regional senior partners, further enhancing our client‑centric approach across Africa.”
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