News
Pantami says It’s Injustice for FIRS to Collect Stamp Duty

Mallam Isa Ali Ibrahim, Pantami, Minister of Communication and Digital Economy, has condemned the move by Federal Inland Revenue Service, FIRS to collect Stamp Duties, saying that the collection remains the sole responsibility of Nigerian Postal Service, NIPOST.
The Minister spoke during an interactive press session with the ICT reporters in Abuja.
He posited that Stamp duty should be collected by NIPOST the way Customs duty is collected by the Nigerian Customs Service (NCS), insisting that the FIRS or the Ministry of Finance have no business in collecting Stamp duty because there is no justification for that.
‘‘The FIRS has been working to be the agency collecting the duty; the crisis started before my appointment as the Minister and I was not briefed on time about the real situation.
But when I heard about it, I intervened and I presented the case to the President that Stamp Duty should be collected by NIPOST.
‘‘There is no harm if FIRS supports them and they work harmoniously but that collection of the duty should not be done by FIRS or the Ministry of Finance because there is no justification for that.’’
The minister explained that the FIRS expressed worry that the FIRS in its bid to take over the collection of Stamp duty invited stakeholders that will be collecting Stamp Duty without involving the Ministry of Communications and Digital Economy or NIPOST.
‘‘They only invited few stakeholders that will support their interest who endorsed it saying that FIRS should collect Stamp Duty but we objected to it.
“I wrote a letter to the Minister of Finance saying that this cannot be tolerated; I also wrote the Senate President on the issue, we insisted on our stand.
Though we have no power to change government policy we have the power to challenge injustice and as far as I am concerned, this is one of the many injustices that should be challenged.
‘‘We insist that Stamp duty should be collected by NIPOST and it is an injustice if NIPOST is denied the opportunity.
We have advised the government on this and the government has the final say on it but we insist that NIPOST is the right agency to do that. For us, it is a selfish interest trying to deny NIPOST the right to collect the duty,’’ he said.
He, however, clarified that the Federal Executive Council (FEC) had not discussed nor taken a position on the matter contrary to the insinuation that it had given approval to the FIRS to be collecting the revenue.
Meanwhile, the Minister said the ministry is putting measures in place to ensure that at least 95% of Nigerians get digitized in the next 10 years and to align with the Economic Recovery and Growth Plan, ERGP of the Federal Government and the global best practices.
According to him, the ministry is embarking on a massive training of Nigerians on digital literacy and skills to ensure that at least 95 percent of Nigerians are digital literate.
To achieve this, he explained that he had mandated the ministry to develop and implement digital economy and develop a draft of National Digital Economy Policy and Strategy which captured a digital Nigeria that would ensure that there will be no manual operations in the next 10 years in order to have a digital Nigeria in place.
For the policy to take a national outlook, Pantami said States and Local governments must key into the policy.
‘‘We are not telling Nigerians to migrate into the digital economy in order to start taxing them unnecessarily. The price of data, mobile devices must come down for the digital economy to thrive.
‘‘Want to embark on massive training of Nigerians on digital literacy and skills. I want to ensure that at least 95 percent of Nigerians are digital literate.
Want to enhance the penetration of broadband especially in the underserved and unserved areas in the country through the deployment of solid infrastructure.’’
News
Cybervergent Expands to Three New Markets

Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.
It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.
An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.
It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.
According to Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.
Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.
The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.
“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”
Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.
The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.
News
FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

Minister of Education, Tunji Alausa
Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).
Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.
He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.
“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.
According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.
Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.
The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).
In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.
The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.
He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.
Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.
News
Africa Fintech Revenues to Hit $65 billion by 2030 – Report

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.
While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.
The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.
Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.
Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.
Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.
By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.
Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.
The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.
Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.
Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.
Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.
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