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Cloud Computing is Future of Business Development – Layo Ajayi

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Olufunlayo Ajayi is the country manager of Oracle Corporation in Nigeria, part of the an American multinational computer technology corporation.
In the last three years of her stewardship, Ajayi’s leadership prowess has rubbed off on Oracle’s presence in Nigeria as the Company’s presence permeates into both private and public corporations.
With the present emphasis on cloud computing, Ajayi believes the vintage is opening new vistas for Oracle with prerequisite solutions and hardware to leverage on. She spoke to Peter Ugwu.

Oracle’s Hype on Cloud Business
Oracle’s strategy is to reduce complexity and simplify Information Technology, offering choice and flexibility with the most comprehensive, modern and secure portfolio of cloud products and services: Infrastructure as a Service, Platform as a Service and Software as a Service.
We are focused on offering our clients greater agility, less risk, and lower costs through Oracle Cloud solutions.

Oracle Cloud Roadmap and Inadequate Broadband Infrastructure
The Nigerian market has been very receptive, with lots of interest being expressed in cloud solutions.
However, the issue of security is what has slowed the adoption of cloud computing, especially in Nigeria. Somehow, they prefer to have their cloud in Nigeria.
We intend to partner with other service provideres in Nigeria to be able to provide whatever we need.
We had some concerns about that, but now we have broadband companies and other investors like MainOne, Glo1, MTN, who can actually help solve the problem.
We have solutions as far as that is concerned to enable organizations achieve their purpose almost in a seamless manner.

Apprehensions among Customers
Basically, up to now the fear has been centered on security. But it is like a perception. The way we have our yahoo mail, Gmail and host of others hosted outside the country is the same way that the cloud works.
They are already in the cloud; in other words we have already been in the cloud for years. That perception appears to be dying down now, but there are other challenges like regulatory compliance and concern over the evaluation of cloud operations.

Containing Intellectual Property Theft
Security and reliability are critical aspects of any discussion about the cloud.  Organizations need to be able to trust that their cloud solution protects and controls access to private information. 
Oracle provides world-class security that offers security and encryption at every layer of the technology stack, utilizing the latest physical and logical data security and protection solutions. 
We provide federated and consolidated identity management and access control across clouds, systems and on-premise applications. 
And Oracle’s best practice processes, controls and tools help customers cost-effectively and proactively comply with the regulatory requirements across industries and countries.

The Growth of Oracle Business in Nigeria
Oracle has been active in the West African market for many years and officially opened the Oracle office in Lagos in 2010. 
We have seen tremendous growth and adoption of Oracle technologies during this time.  We are very strong in the telco and financial services industries and through our continued focus on innovation to simplify IT, we are committed to continued investment and growth across all sectors in Nigeria.

Shifting Focus from Hardware To Software
Oracle maintains commitment to both software and hardware. 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.

Oracle With Several Solutions
Yes Oracle has a large set of solutions and products to offer customers, but our focus is to simplify IT so that customers can use technology for business innovation, not just for business as usual.
While Oracle is committed to open technology that works within a heterogeneous IT environment, its technology is engineered specifically for the
Oracle stack, with solutions fine-tuned and optimized between, within, and across the layers. 
The Oracle technology stack optimizes performance by including manageability, security and reliability engineered into every layer. The result is IT better than what our customers can build on their own. 
Oracle is also simplifying IT by investing in best-of- breed components and engineering them to work together for specific industries.
So instead of customers focusing their technology and expertise on managing complex IT, they can focus on the innovation to drive their business.

Oracle’s Visions for SMBs in Nigeria
I have been the Oracle’s country manager for three years. As a company our aim is to ensure that we bring affordable and efficient enterprises to Small and medium businesses (SMBs) in Nigeria. We are also involved in activities like providing Oracle Academy to universities.
What we do is that we train the lecturers so they can also train the students. As a company with presence in over 142 countries, we want to stamp our footprint in Nigeria as well.
To stress further on our vision, going forward is the key thing, especially to help our customers build their businesses with best-of-breed technology solutions.

Building Datacenter in Nigeria
We have a datacenter at our headquarters in San Francisco. It’s not about building datacenters, what the emphasis should be on is how we are adding value to the growth of the economy.
We want to bring Oracle’s innovation to the market, to support business innovation and growth in Nigeria.

Motivation to Focus on Nigeria Market
Nigeria is an emerging market offering vast opportunity to investors from around the world.
We believe that Oracle has best-of-breed, world class solutions that can assist businesses in Nigeria to realize their full potential and support their business requirements as they grow.

Oracle Solutions and Others in the Cloud Competing World
Unlike competitors with limited cloud options – for example software as a service only, virtualization only, or hardware only – Oracle provides the broadest, most complete and most integrated set of cloud offerings in the industry.  
Only Oracle enables customers to choose between on-premise or in-cloud solutions – and move applications and data seamlessly between themselves. 
Our cloud offerings span public and private clouds and extend to every level of our product portfolio – applications, middleware, database, servers, storage, networking and associated operating systems and virtualization software.

Virtualization and Moving to the Cloud
Cloud computing encompasses a wide range of services, beginning with infrastructure as a service, and escalating up to platform as a service and software as a service.
Each level should be able to operate independently of the layers below it, which are separate and automatically maintained.
The journey to cloud computing doesn’t happen overnight. It must not only benefit IT organizations but also the business user who consumes cloud services.
Virtualization is just one phase of cloud computing.  A cloud strategy must be implemented using a phased approach, aligned to business pace, where each phase can be mapped to measurable business goals and benefits.


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Uche Ikejimba Secures Sixth Consecutive AMVCA Nomination With Best Unscripted M-Net Original Nod

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Uche Ikejimba, Award-winning producer, has secured her sixth consecutive Africa Magic Viewers Choice Award nod. The organizers made the nomination announcements on Sunday, March 24, 2024, across all Africa Magic channels. It saw Ikejimba clinch a nom in the ‘Best Unscripted M-Net Original’ category for What Will People Say.

In 2022, Ikejimba received two nominations for ‘Best Africa Magic Original Drama Series’ for Unmarried and Dilemma. She secured two other nominations in 2023 in ‘Best Unscripted Original’ for Come Play Naija and ‘Best Original Drama Series’ category for Unmarried.

Speaking about her latest nomination, Ikejimba said, “I’m very humbled and beyond grateful to be receiving my sixth consecutive AMVCA nomination. Anyone who knows me will acknowledge that I often put my blood, sweat and tears into the shows I produce. After Truth won its nomination in 2020, I’ve been holding on patiently for a second win and I hope this is the year. So, here’s my hearty congratulations to my fellow nominees and a huge thank you to the AMVCAs organisers for honoring me.”

Ikejimba is one of Africa’s most-sought after serial producers, and has earned herself the title, ‘Reality TV Series Savant’, with work on 100% Naija, Vodafone Icons, Naija Sings, Calabar Festival Diaries, Big Brother Reunion, Shoot Your Shot, What Will People Say, Come Play Naija, and the more recently airing Husband Material and Overall Best.

She came into the world of Television production as an associate producer on Moments with Mo, the first and only syndicated daily talk show in Africa at the time. However, she has also proven that her talents go beyond producing reality shows or unscripted serials, and she can run with the best in producing original drama series.

In 2016, she landed her first commissioned project with Africa Magic titled Hustle. The series about a young man’s first time in Lagos became an instant hit and ran for three seasons, with 360 episodes. She created, wrote and produced Blink’s original 26-episode drama series titled Truth. The show won an AMVCA for ‘Best TV Series’ in 2020. That same year, she produced and wrote the hit series, Unmarried. The show ran for four seasons and ended on a high.

Off the success of these drama series, she produced Africa Magic’s Dilemma, a 260-episode telenovela. She produced Shallow and the recent Africa Magic fanfavourite original, Manfriend. The show follows the women of the King family and their dysfunctional relationship with the men in their lives. She also produced Showmax’s first original law limited series, AGU in 2023. Her first feature length film, Phantom is a co-production and is also nominated for several awards such as the Toronto International Nollywood Film Festival (TINFF).

Uche Ikejimba has beaten many odds to become a producer and remained steadfast in her commitment to producing the best shows Africa has ever seen. As the continent prepares for the milestone 10th AMVCA, the Reality TV Series Savant and producer extraordinaire is content to celebrate her sixth consecutive nomination. Find out if she clinches her second AMVCA win when the awards air live across all Africa Magic channels on May 11, 2024.


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Banks Close 2m Accounts over BVN, NIN, Others

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Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number (NIN).

Banks Close 2m Accounts over BVN, NIN, Others

This is contained in a report by the Nigerian Interbank Settlement System (NIBSS), which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February.

A bank account is classified inactive when it records zero transactions including deposits, withdrawals, transfers or point-of-sale transactions for six months.

However, details of the “Industry Bank Account Database”, a monthly data reported by banks, and compiled by the Nigerian Interbank Settlement System, NIBSS, also indicated that the number of active bank accounts grew by 6.62 million or 3.0 per cent to 219.64 million from 213.02 million in February.

Recall that in December 2023, the CBN issued a directive to all commercial banks in the country to restrict tier-1 accounts without proper Biometric Verification Number (BVN), and National Identity Number, NIN, that are not linked by Thursday, March 1st, 2024.

According to NIBSS data on BVN enrollment count, 61.6 million Nigerians have BVN as of April 2024.

 

Credit: Vanguard

 

 


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Dubai-Based Citizenship Firm Imperial Citizenship Expands to Lagos, Targets Africa’s Growing Wealth

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Imperial Citizenship, a Dubai-based firm specialising in Citizenship and Residency by Investment (CRBI) solutions, has set its sights on Africa’s burgeoning wealth with the launch of a new office in Lagos, Nigeria.

This strategic move positions Imperial Citizenship to capitalise on the continent’s growing population of high net worth individuals (HNWIs) seeking international investment and mobility options.

Imperial Citizenship boasts a proven track record of success, having secured over 2,000 approvals for clients seeking alternative citizenship and residency pathways. Their partnerships with over 15 governments worldwide provide a diverse portfolio of investment opportunities that adhere to strict international regulations.

With its Lagos launch, Imperial Citizenship begins its foray into Africa. The continent boasts a burgeoning HNWI population, according to PwC, presenting a lucrative market for investment firms like Imperial Citizenship.

According to the World Bank, African economies are projected to grow by 3.4 % in 2024 as the African Development Bank Africa has reported that Africa will account for eleven of the world’s 20 fastest-growing economies in 2024. Highlighting the market’s potential, Mr. Zaid Al Hindi, Founder and CEO of Imperial Citizenship, says, “our expansion into Lagos allows us to directly cater to this affluent segment, offering them strategic solutions for global asset diversification, optimised investment opportunities, and enhanced global mobility.”

“At Imperial Citizenship, we do not operate through intermediaries, as we differentiate ourselves through direct government partnerships. This ensures transparency, legality, and efficiency throughout the application process, providing peace of mind for investment-minded clients” Zaid stated during the launch event in Lagos.

Speaking on the company’s approach to CRBI, Zaid mentioned, “At Imperial Citizenship, we prioritise a client-centric approach. We go beyond simply offering programs; we provide dedicated advisors who understand the unique needs and aspirations of each client. This personalised service ensures clients receive tailored investment options that align with their financial goals and risk tolerance”.

The launch of the Lagos office underscores Imperial Citizenship’s commitment to global expansion. With physical offices in Dubai and now Nigeria as well as operational representatives in Mexico, Algeria, and Turkey, Imperial Citizenship demonstrates its ability to cater to a geographically diverse clientele.

Looking ahead, Zaid highlighted that Imperial Citizenship plans to broaden its service offerings and expand its reach into new markets. By strategically targeting Africa’s rising wealth, Imperial Citizenship is well-positioned to solidify its role as a leading player in the CRBI industry, offering investors a gateway to global opportunities.


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