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EdTech Sector to Witness Radical Disruptions in 2020, says Wowbii CEO

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Mrs Terae Onyeje, the Co-Founder and Chief Executive Officer of Wowbii Interactive, has said that 2020 will witness continued technology disruption in the Enterprise space, and even more so in EdTech .

According to Wowbii Interactive CEO, the EdTech landscape is bringing radical transformation to the traditional models of learning. “In Nigeria, we are seeing a more aggressive push towards the emergence of a digital economy, which will lift the impetus for educational institutions, enterprises, policy formulators and decision makers to explore technologies that will transform learning”, Mrs Onyeje says.

Nigeria, which is not left out of the wave of digitisation sweeping across the global economy, has taken the major initiative to rename the Federal Ministry of Communications to Federal Ministry of Communications and Digital Economy, to underscore the strategic vision towards a knowledge-based economy, according to Wowbii Interactive CEO.

According to her, “these initiatives will directly impact the EdTech sector and will see policy makers and the whole ecosystem of gatekeepers to knowledge radically refocusing a range of technologies to support learning and teaching.”

Mrs Onyeje made the announcement in Lagos in the Wowbii Interactive CEO EdTech Outlook for 2020, explaining the previous years have witnessed the rising awareness, refocusing and deployment of EdTech solutions across public and private institutions.

WOWBII Interactive is Africa’s first original equipment manufacturer (OEM) of interactive flat panels (IFPD). With a mission to ‘transform the way Africa works and learns’, Wowbii delivers application bundles on their IFPDs in the enterprise and education to achieve end-to-end 21st century communications solutions.

“To give Africa her pride of place at the forefront of learning technology, Wowbii is enabling Educators and Learners leapfrog to the fore of global learning best practice. We are delivering an explosive combination of lifelong learning by layering interactive learning applications and curricula using the native tool of the youth (tap n swipe hardware).

‘Our front-of-classroom devices and all-in-one desktops give educators creative options to manage learning areas; completing the robust interactive experience.

“Today, we are proudly motivating learners to deliver improved outcomes; empowering educators with immersive experiences that make them love teaching again and enabling institutions transform the education ecosystem”, according Wowbii Interactive CEO.

According to her, “to effectively deliver 21 st Century learning, the interactive learning experience we offer must reach the schools in the lower income bracket, where about 80 per cent of the Nigeria’s learners are.

We are therefore really excited about our new solution that brings affordable interactivity to the classroom – reinforcing our success in offering open, futuristic technology that connect legacy learning technologies. We plan to announce the new addition to our stable of solutions this quarter.”

Mrs Onyeje adds that increased workplace mobility is leading to the redesign of today’s enterprise workspaces. As the Enterprise seek expansion of legacy unified communications solutions, affordability, effortless legacy systems compatibility and ease-of-use are premium requirements.

She further explains that, “in the Enterprise, we are transforming business workspaces to 21st Century environments; creating immersive engagements by seamlessly connecting our technology to legacy Unified Communications systems.

Easy-to-use technology that delivers phenomenal collaboration and communication options for the modern business are some of the reasons why large enterprise businesses prefer the Wowbii experience.

“MTN, Nigeria’s largest telecoms company, was an early tech adopter as they were keen to test the Wowbudd at a showcase in 2017. A first unit was purchased for an executive boardroom. Fully satisfied with functionality and performance, MTN expanded their footprint the following year by equipping executive meeting rooms and offices with the updated solution. In 2019, they updated major offices across the country with the Wowbudd.”

According to key infrastructure users, “Prior to the deployment of Wowbii solution, we needed the help of IT Personnel support meetings that required the use of technology but now, everyone is able to initiate meetings with ease.”

Today, MTN staff “can seamlessly collaborate across locations via video with crisp sound quality, sharing multimedia content with ease”. The solution also allows us to analyze data with remote staff fully engaged with high quality video. Wowbii’s Interactive Telepresence comes to life with the large 4k screens.”

She adds that in education, major learning transformations are underway in Charles Dales School, Port Harcourt and Greensprings School, Lagos. Greensprings, a forerunner private school with three campuses catering to Primary and Secondary, has deployed Wowbii education solutions to their Ikoyi Campus.”

According to her, “with projectors going end of life, the transition to interactive flat panel displays is an inevitable transition education stakeholders worry about. Greensprings, The Thinking School, was an early adopter – familiar with typical challenges technology may come with the infusion of technology, Greensprings was cautious in making the 21 st Century classroom adoption. Key pain points the school needed to address was content, classroom management, hardware reliability and support. Beginning with the Ikoyi Campus in 2018, Wowbii actively engaged tutors to drive adoption.

“As a tech-savvy school, the users were very excited to use technology that enhanced their school ethos. Using the train-the-trainer method because the Wowbudds were not installed across campus, all teachers were converts in less than 12 months.

The interactive applications are changing the way the children respond to teaching and learning. It is a joy to see how well Greenspring has layered interactive technologies on their blended curriculum. Today, our learning solutions are across Greenspring Schools campuses in Lekki, Anthony and Ikoyi” according to Mrs Onyeje.


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NGX Unveils Net-Zero Plan for Greener Capital Market

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Nigerian Exchange Limited (NGX) has launched the NGX Net-Zero Programme to guide listed companies toward clear carbon reduction pathways and enhanced climate disclosures aligned with global investor standards.

NGX Unveils Net-Zero Plan for Greener Capital Market

NGX

The high-level launch engaged chief executives of quoted firms alongside development partners including German Investment Corporation KfW, DEG, and African Foresight Group (AFG), NGX’s implementation partner. Issuers and investors discussed financing decarbonisation, sustainability practices, and attracting climate-aligned capital.

NGX Group Chairman Dr Umaru Kwairanga described the initiative as concrete climate action, commending partners for two years of groundwork. “Today marks leadership and decisive action. Climate change has become a core business imperative, with capital markets mobilising capital and setting standards,” Kwairanga said.

He positioned NGX Net-Zero to support emissions measurement, disclosure, capacity building, and sustainable finance access, urging CEOs to embrace it strategically rather than as compliance. Kwairanga reaffirmed NGX’s goal to make Nigeria’s capital market Africa’s green finance hub.

Group CEO Temi Popoola called climate action a business imperative, noting sustainability-embedded firms attract capital, manage risks, and stay competitive. DEG Management Board Member Monika Beck highlighted partnerships scaling impactful, commercially viable climate solutions.

The event closed with a ceremonial gong marking the programme launch and send-off for outgoing DEG Regional Director Bernd Telemann.


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Nigeria Off EU High-Risk Money Laundering List in Major Financial Win

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Nigerian Financial Intelligence Unit (NFIU) has hailed Nigeria’s removal from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) as a landmark achievement endorsing the nation’s reform efforts.

Nigeria Off EU High-Risk Money Laundering List in Major Financial Win

Nigerian Financial Intelligence Unit (NFIU)

NFIU CEO Hafsat Abubakar Bakari said the delisting, contained in European Commission Delegated Regulation (EU) C (2025) 8460 adopted December 4, 2025 and effective January 29, 2026, affirms sustained AML/CFT and Counter Proliferation Financing (CPF) reforms.

The move follows Nigeria’s exit from the FATF Jurisdictions under Increased Monitoring after addressing strategic deficiencies, alongside Burkina Faso, Mali, Mozambique, South Africa and Tanzania.

Bakari noted the European Commission recognised Nigeria’s strengthened AML/CFT effectiveness, closed technical gaps, and fulfilled FATF Action Plan commitments leading to grey list removal in June and October 2025.

The delisting eliminates enhanced due diligence requirements for EU financial transactions, easing compliance, boosting cross-border flows, and enhancing Nigeria’s appeal for European trade, investment and partnerships.

The NFIU attributed success to President Bola Ahmed Tinubu’s political will and collaboration among National Assembly, law enforcement, regulators, judiciary, private sector and development partners.

The agency reaffirmed commitment to ongoing FATF, GIABA, EU engagement and domestic framework resilience to maintain international confidence in Nigeria’s financial system.


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FG Directs Banks, Fintechs to Remit VAT on Service Fees

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The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms.

The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance fees, according to an email notice on Wednesday shared with customers by Moniepoint.

For example, if a bank charges N100 to make a transfer, the 7.5 per cent VAT will be applied to that service fee, not the money being sent.

“From Monday, January 19, 2026, we are required to collect a 7.5 per cent VAT, to be remitted to the Nigerian Revenue Service (formerly known as the Federal Inland Revenue Service).

“VAT will apply to certain banking services that include electronic banking charges such as mobile banking fees (transfers), USSD transaction fees, and card issuance fees,” the email read.

Other operators are expected to issue similar notices to their customers in the coming days. Services that will remain exempt include interest earned on deposits and savings, meaning customers will not pay tax on the returns from their accounts.

The NRS, formerly known as the Federal Inland Revenue Service, has set the deadline to ensure that all commercial banks, microfinance banks, and electronic money operators comply with the collection and remittance requirement.

Moniepoint stressed that this is not a price increase but a statutory obligation. “Moniepoint is required to collect and remit VAT to the Nigerian Revenue Service,” the company said in a statement.

The move is part of the government’s broader efforts to standardise VAT collection on digital financial services and expand revenue generation amid Nigeria’s growing digital economy. VAT on banking transactions is not entirely new; the NRS is now enforcing uniform collection rules across all platforms, ensuring compliance across the sector.

Customers have been assured that the new tax will be clearly itemised, with the VAT shown separately on transaction statements and reports.

In December, several commercial banks informed customers that the N50 stamp duty would be deducted on electronic transfers of N10,000 and above, following the commencement of provisions of the new Tax Act.

The charge, previously known as the EMTL, has now been formally reclassified as stamp duty and will be applied as a one-off fee on qualifying electronic transfers.

 


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