E-Business
Nigeria Loses N60Bn Annually to Foreign Data Hosting Firms

In spite of the huge economic benefits of organisations in the country hosting their data with cloud operators, greater number of them is yet to adopt their services rather preferred to patronise foreign providers.

According to the Nigeria Internet Registration Association (NiRA), the country loses up to ₦60 billion worth of foreign exchange to other countries every year as payments for web hosting services.
For Remi Adejumo, chief executive officer, Cloud Flex: “there is more than a 70 per cent rate of cloud adoption worldwide, however out of the 70 per cent Nigeria can barely boast of 20 per cent. I have always felt that shared services, which is the bedrock of a public cloud, is an essential component in the economic growth of Nigeria.
“Unfortunately, we are lagging seriously behind the rest of the world in adopting this strategy. The adoption and migration to the cloud, results in a great reduction of costs, up to 70 per cent of the IT infrastructure TCO as well as providing agility and speed to market for enterprises”.
According to a recent report Cloud Banking in Africa titled: ‘The Regulatory Opportunity’ put together by Genesis Analytics and Orange Business Services.” African financial service providers (FSPs) stand to benefit hugely from cloud banking but are limited by regulations.
Richard Ketley, director, Financial Services Strategy at Genesis Analytics, said: “Cloud banking can unlock value for the providers and users of financial services by reducing costs and improving efficiency such as through the integration of data across business units and geographies, and with external third-party providers to deliver more innovative products to customers”.
Adejumo noted that: “the under-investment and support of public cloud platforms in Nigeria has led to a large exodus of revenue to the hyperscalers outside the country and contributed to capital flight. Billions of dollars are spent outside of Nigeria to host applications used within these shores.
“There is a lot of talk and publishing of guidelines of protecting the Nigerian market but no legal backing to enforce them. More than 90% of our regulated businesses are hosted outside of our shores. It means in the event of a dispute, the home country has the jurisdiction of resolution.
“We have seen the warning signs and yet ignored them – PI&D scandal, the dispute between the US and China and the marginalisation of a large Chinese conglomerate overnight. In any dispute about the data respository, Nigeria will be the loser as I cannot imagine any country legislating against its own interest.
Adejumo added that, the Nigerian government policy has been to increasingly tax the same companies year in year out rather than create opportunities for enterprises to grow or new private initiatives to flourish. “China‘s growth in artificial intelligence, for example, was largely a result of favourable laws, grants and a government focus on providing an enabling environment.
“The Nigerian Government needs to focus on the infrastructure, power infrastructure and transport network. Experts have shown that a 25 per cent improvement in these two areas will provide a huge increase in GDP. Subsequently, the government will also see quick returns on their investment.
“The government needs to promote the local growth of technology with favourable legislation and specific funding.
“Businesses need to understand and embrace the advantages of cloud computing with an emphasis on not diminishing the power of local businesses. The relevant authorities that have provided the guidelines and policies need to ensure that there are the laws and statutes to support and enforce them,” he stated.
E-Business
Firm Identifies Global Scam Activity Linked to the Release of Avatar 3

The premiere of Avatar 3 has taken place in several countries and has been accompanied by a noticeable increase in online interest. Amid the heightened attention surrounding the release, Kaspersky experts identified an increase in cyber-scam campaigns that exploit the movie’s launch and users’ desire to watch it online. The fraudulent websites target users across multiple regions, indicating attempts by attackers to reach a global audience.

The scam operates as follows: cybercriminals create suspicious websites that offer online access to the Avatar 3 movie. Attackers place particular emphasis on localisation, publishing the sites in multiple languages to attract users from different countries. However, the translations are often poorly executed and contain grammatical errors and inconsistencies, which may serve as indicators of fraudulent activity.
When users attempt to start the video, they are presented with a fake media player and prompted to register in order to obtain “full” or “unlimited” access to the film. As part of the registration process, users are asked to provide personal information, including an email address and mobile phone number.
At later stages, scammers may request additional data, including payment details, under the guise of activating a “free trial.” This creates risks of credential compromise, particularly if users reuse passwords across multiple services, and may also lead to financial losses.
“Cybercriminals consistently exploit major movie premieres to capture users’ attention and increase the effectiveness of their schemes. We advise accessing films only through official platforms and exercising caution when encountering websites that request personal or payment information. It is also important to use reliable security solutions to protect all devices, including mobiles,” comments Olga Altukhova, Senior web content analyst at Kaspersky.
E-Business
Galaxy Backbone Celebrates the Federal Government’s Paperless Civil Service Milestone

Galaxy Backbone (GBB) aligns with and celebrates the successful announcement by the Office of the Head of the Civil Service of the Federation on the achievement of a Paperless Civil Service, a significant milestone in Nigeria’s public sector reform and digital transformation agenda.

The milestone was formally highlighted at a press briefing led by the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, who commended Galaxy Backbone for its sustained support and contribution throughout the implementation of the programme.
GBB has played a critical role in enabling this transition by providing secure, scalable, and shared digital infrastructure that supports the digitisation of government processes across Ministries, Departments and Agencies (MDAs). Through the 1Government Cloud, MDAs have been empowered to migrate from paper-based workflows to digital platforms, improving efficiency, collaboration, data security, and service delivery across the Federal Civil Service.
In addition, GovMail, GBB’s secure government email platform, has strengthened official communication, enhanced records management, and reinforced cybersecurity standards—key pillars in sustaining a paperless operating environment.
Galaxy Backbone acknowledges the collective efforts of the Office of the Head of the Civil Service of the Federation, Permanent Secretaries, Directors of ICT, consultants, partners, and dedicated public servants whose commitment and collaboration ensured the smooth delivery of this initiative.
The Managing Director/Chief Executive Officer of Galaxy Backbone, Prof. Ibrahim Adeyanju, was represented at the press briefing by Akintayo Bamisaye, Acting Group Head, Research, Digital Innovation and Skills Department (RDIS).
GBB describes the achievement as a strong close to 2025 and reaffirms its commitment to supporting the Federal Government in building a modern, efficient, and digitally enabled public service.
E-Business
Jumia CEO says Black Friday Signals Nigeria’s E-Commerce Maturity

At the close of 2025, Temidayo Ojo, the CEO of Jumia Nigeria, reflected on a year-end shopping season that points to the growing maturity of the country’s e-commerce market. “Black Friday is no longer a single, short-lived spike in activity,” he said.

“It has become a familiar, anticipated moment in the retail calendar, where consumers shop deliberately and with confidence.”
Preliminary KPIs for the two months ended November 30, 2025, show strong year-on-year growth in both orders and Gross Merchandise Value (GMV), with GMV growth outpacing order growth. This indicates that customers are placing fuller, more considered baskets rather than shopping in fragmented transactions. Nigeria ranked among Jumia Group’s better-performing markets, with engagement remaining steady throughout the Black Friday period rather than spiking briefly and tapering off.
A key factor behind this performance is the growing familiarity of consumers with online shopping. Customers are increasingly leveraging platform features such as saved carts, brand stores, and price comparison tools to plan purchases in advance. This trend suggests that digital commerce is becoming embedded in everyday habits rather than being viewed as a one-off event.
Ojo also highlighted the role of Jumia’s JForce network in connecting digital commerce to local communities. “Our agents are critical to ensuring that customers across Nigeria, including secondary cities and smaller communities, have access to variety, consistent pricing, and reliable delivery,” he said. “During peak periods like Black Friday, JForce agents can respond faster, serve more customers efficiently, and build stronger local relationships. This isn’t just a distribution channel—it’s a pathway to sustainable income and inclusion.”
Reflecting on the overall performance, the CEO concluded: “What we’re seeing this year-end is steady engagement across categories, stronger consumer confidence, and partners like our JForce agents benefiting from increased activity.
“It confirms that Nigeria’s e-commerce ecosystem is maturing, growing in a more structured and resilient way. As the December Holiday Sale continues, we expect these patterns of familiarity, trust, and participation to sustain momentum and drive both commerce and community impact across the country.”
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