E-Financial
CWG Ghana Celebrates 10 Years of Service Delivery
CWG Ghana Limited, a member of the Pan-African Information and Communications Technology Company, Computer Warehouse Group Plc (CWG) celebrated her 10th anniversary in Ghana last week.
The occasion which was well attended by dignitaries and stakeholders across the sectors of the economy was organized by CWG Ghana in order to celebrate her partners, customers, Ghanaian Government, staff members and others who have contributed to the immense growth the company experienced in her past decade of operation.
And to declare the new technologies it intends to launch in the market, as well as present Mrs. Harriet Yartey, her new country manager.
Austin Kwesi Okere, chief executive officer, CWG, who presented Mrs. Harriet Yartey the new Country Manager for CWG Ghana, a seasoned ICT professional, with stellar performance experience at the SOFTtribe, Vodafone and others, however outlined technologies that CWG Ghana has deployed and support locally, the impact on the user experience, the roadmap of new technologies it intends to launch into the market.
He expressed his appreciation to the stakeholders who have given CWG the opportunity and platform to exhibit its ICT competence that has turned around numerous businesses in the region. Kwesi, also reiterated that CWG Ghana is indeed accomplishing the purpose for which it was established, to bring leading edge technology to businesses in Ghana. Now CWG Ghana provides the technology of business for customers in Telecoms, Oil & Gas, Banking, Government, Education, Manufacturing and Services, in partnership with world-class OEMs such as Oracle, IBM, Dell, Cisco, Symantec and a host of others.
CWG’s customers in Ghana include Vodafone, MTN Ghana, GCB, e-Process (Ecobank), Ghana National Petroleum Corporation, GCNET, Calbank and Bank of Africa amongst others.
“CWG serves as a technology trusted advisor to her customers, based on her established track record of trust and integrity” he added.
Okere assured stakeholders that CWG shall remain focused on her vision to be the number one IT Utility enbler in Africa by 2015 by introducing new technologies in collaboration with world-class Original Equipment Manufacturers such as IBM, Oracle, EMC and Symantec amongst others.
He added that capacity building is vital in IT development and hence CWG will commence its highly successful IT Academy known as CWG Academy in Ghana by the first half of next year.
The CWG Academy provides the opportunity to impact fresh graduates through classroom training, hands-on and live project attachments through which many of the graduates from the Academy have gained employment with world-class companies such as MTN, Standard Chartered Bank, KPMG and CWG itself amongst others.
According to Austin, the new set of technologies will boost the business performance of companies in different verticals in this region and the economy at large as ICT is the bedrock of economic growth.
Also speaking, James Agada, chief technology officer and executive director, CWG, highlighted the dynamism in the technology space, the rapid changes it causes in the economy, and the importance of ICT organization such as CWG in proactively providing solutions and services that will meet current challenges and needs.
According to Mr Agada, CWG Ghana has grown from moving boxes largely on Sun Microsystems and Dell platform and providing after sales maintenance on intervention basis to a full-fledged Systems Integration company.
Having identified the dire gap in ICT Services, CWG has built human capacity in service delivery across various platforms like VMware, HP, IBM, Cisco, Checkpoint, Symantec, EMC, etc to provide cloud solution, Software as a Service (SaaS), and training.
He further highlighted some of the projects the company has accomplished such as Design, Deployment, implementation and support of Network security solutions, Storage, Backup solutions, structured cabling, data centre power solutions, Managed services, Oracle RAC and Tuning services and others.
These projects were provided to various sectors of the economy and it has contributed to their business growth and given the opportunity to seize competitive advantages.
Mrs Harriet Yartey, country manager for CWG Ghana, reiterated that CWG is known for trust, integrity and excellent service delivery, and hence will continue to focus on its commitment to enable businesses with leading-edge technology that will put Ghana businesses at the forefront of her contemporaries at the international level.
Among customers who shared their experiences with CWG Ghana’s services include Raymond Acromond, head, IT Department – Bank of Africa said; “I am continually impressed by the excellent service that CWG Ghana provides. The many times I have requested for support from CWG Ghana, the response has been fast and efficient. It makes a pleasant change to deal with a company that takes pride in providing first class services. Keep up the good work and thanks for all your help so far”.
Another customer, Ferdinand K. Aniwa, manager, Information Systems, Data Management and Communication, Ghana National Petroleum Corporation had this to say “CWG Ghana truly stands by its promise of Creating Enduring Value for its customers. Their reliability was 24×7. They were always available for us. Their support mechanism enabled us to reach newer heights in our Unified Storage, Deployment strategy and position the Ghana National Petroleum Corporation to pursue its goals of becoming a leading global competitor within the Oil and Gas Industry”.
“The service your company provides is top quality – from initial request for information and proposal to the execution of the project itself. You are active listeners, understanding our unique requirements, able to improvise when requested. My team has had a memorable experience always working with CWG Ghana”, affirmed Albert Ghansah, MIS, Cal Bank Ltd.
According to Patrick de Souza, Infrastructure Manager GeGov Project Office, GCNet Ltd; “CWG operates unlike the Traditional African Company where the client’s requests are beset with all manner of difficulties. CWG seeks the interests of its clients, and assists her clients to efficiently design its infrastructure. With CWG one can be assured of true service quality.”
The Bank of Industry, through BOI Financing SPV Plc, has opened subscriptions for its inaugural Series 1 Fixed Rate Bond worth up to N250bn under its $1bn multi-currency instruments programme, seeking to raise long-term capital to finance businesses across Nigeria’s priority sectors.
The offer, which opened on 5 August and closes on 11 August, is being arranged by Chapel Hill Denham as the lead issuing house. The five-year bond is priced within a yield range of 17.35 per cent to 17.50 per cent and will be listed on the FMDQ Securities Exchange.
According to the offer document, proceeds from the issuance will be deployed to finance eligible businesses and projects across sectors, including agriculture and food processing, healthcare, engineering and technology, renewable energy, petrochemicals, oil and gas, creative industries and solid minerals, in line with BOI’s development finance mandate.
The lender said the financing is expected to improve access to medium and long-term funding for Nigerian enterprises, expand productive capacity, create and preserve jobs, deepen local value addition, support import substitution, boost exports and strengthen domestic value chains.
BOI, Nigeria’s foremost development finance institution, said it has provided funding to more than one million businesses across the country and disbursed over N1.27tn between 2023 and 2025. The institution operates across 34 states and the Federal Capital Territory and is jointly owned by the Ministry of Finance Incorporated and the Central Bank of Nigeria.
The bank also highlighted its financial performance, reporting a 36 per cent compound annual growth rate in gross earnings between 2021 and 2025.
Interest income rose 64 per cent to N884bn in 2025 from N538bn in the previous year, while its capital adequacy ratio stood at 39 per cent, nearly four times the regulatory minimum of 10 per cent. Its non-performing loan ratio was 1.7 per cent, below the CBN’s prudential limit of five per cent.
The bond has been assigned AAA ratings by Agusto & Co. and Intelligence Africa, reflecting the issuer’s strong capitalization, profitability, liquidity and ownership structure.
The issuance is open to institutional and qualified investors with a minimum subscription of N5m and additional investments in multiples of N1m. Interest will be paid semi-annually at a fixed rate, while principal repayment will begin in the third year through equal semi-annual amortised instalments until maturity in 2031.
The bond is also exempt from tax, making it an attractive investment option for investors seeking stable returns amid expectations of declining interest rates.
E-Financial
SEC Unveils Probate/Unclaimed Monies Clinic to Help Families Recover Inherited Investments
Securities and Exchange Commission (SEC) has intensified efforts to reduce unclaimed funds and other dormant investment assets by launching a Probate/Unclaimed Monies Awareness and Investor Clinic aimed at helping beneficiaries recover inherited investments and strengthening investor protection in Nigeria’s capital market.
Speaking at the opening of the clinic in Abuja organised by the Commission in partnership with Meristem on Thursday, Dr. Emomotimi Agama, director-general, SEC, said the initiative was designed to bridge the gap between investors’ legal entitlements and their ability to access inherited assets.
He noted that many Nigerian families face prolonged delays in accessing shares, dividends and other investments after the death of loved ones because they are unfamiliar with probate procedures, documentation requirements and registrar processes.
“For many Nigerian families, the death of a loved one who held shares, dividends, or other investments marks the beginning of a long and often confusing journey,” Agama said.
Describing unclaimed funds and dormant assets as a persistent challenge, he said they represent “real money that belongs to real families, sitting idle, disconnected from the people it was meant to serve.”
According to him, the Commission is committed to closing the gap through policy initiatives and direct engagement with investors.
He explained that the clinic brought together the Federal Ministry of Justice, the Probate Registry, the National Population Commission and capital market registrars to provide practical guidance on probate procedures, required documentation and the recovery of inherited investments.
“Today is not simply an awareness session. It is a working clinic, designed to equip you with practical knowledge: how probate works, how to obtain the right documentation, and how to recover what is rightfully yours,” he said.
Agama stressed that SEC’s mandate to protect investors extends beyond the lifetime of shareholders.
“This Commission exists to protect your rights in the capital market, and that protection does not end when a shareholder passes on. It extends to ensuring their beneficiaries can access what is due to them without unnecessary hardship,” he added.
Also speaking, Ms. Nkechinyelu Okoye, acting chief executive officer, Meristem Registrars and Probate Services Limited, identified lack of awareness and poor estate planning as key reasons billions of naira in financial assets remain unclaimed.
“There are three categories of beneficiaries that we encounter quite often. The first are those who think only land, houses and other physical assets can be transferred legally from deceased loved ones. They do not realise that financial assets such as shares, fixed income investments and even money in savings apps also form part of an estate,” she said.
Okoye said another group consists of beneficiaries who are unaware their deceased relatives owned financial assets, while a third group knows the investments exist but does not understand the claims process or required documentation.
“I dare add a fourth category. These are investors who do not provide or update their KYC documents and, as a result, when they pass on, their loved ones have no idea they have investments to claim,” she said.
According to her, these factors have contributed to the rising volume of unclaimed dividends, dormant accounts and other abandoned financial assets.
“All of these categories contribute to the several unclaimed assets lying all around. Ultimately, financial resources that could have been beneficial to these beneficiaries remain inaccessible,” she said.
She described the investor clinic as more than an awareness programme, saying it would provide practical support to investors, beneficiaries, executors and administrators.
“Our goal is to empower investors, beneficiaries, executors, administrators and the general public with the knowledge they need to navigate probate and estate administration with greater confidence,” Okoye said.
She also urged investors to prepare valid wills, maintain accurate shareholder records and regularly update their Know Your Customer (KYC) information to make it easier for beneficiaries to access inherited investments.
“We want investors to appreciate the importance of preparing a valid Will, maintaining accurate shareholder records and ensuring that their affairs are properly organised. Taking these simple steps today can save families considerable stress and delay in the future,” she added.
The SEC said the clinic forms part of its broader investor protection strategy and provides participants with direct access to experts on tracing investments, verifying shareholder records, resolving probate-related issues and recovering unclaimed capital market assets.
Nigeria Deposit Insurance Corporation (NDIC) has reassured on the multiple layers of protection for the Nigerian banking industry with more than 98 per cent of depositors and 281 million accounts insured by the corporation.
Thompson Sunday, managing director, NDIC, gave the assurance in Lagos at the retreat for members of the House Of Representatives Committee on Insurance and Actuarial Matters.
He said that striking the right balance between innovation, consumer protection, and financial stability remains a key policy imperative.
The theme of the retreat was “Strengthening the Financial Safety Net in an Era of Banking Sector Recapitalisation and Fintech Innovation”.
He said the increasing digitisation of financial services has heightened exposure to cyber threats, fraud, data breaches, and operational risks.
He said that with banks’ adoption of emerging technologies, regulators and safety-net participants must remain proactive in identifying and mitigating these risks while encouraging innovation.
Sunday also highlighted the rapid growth of financial technology (fintech) which has revolutionised the way financial services are delivered.
He said: “Digital banking platforms, mobile money services, payment solution providers, and other fintech innovations have expanded access to financial services and accelerated progress toward financial inclusion. Millions of previously unbanked and underserved Nigerians now have access to formal financial services through digital channels”.
He said that as the banking industry adjusts to higher capital requirements and technological innovations reshape financial service delivery, adding that its imperativefor banks to reinforce rules that safeguard financial stability and protect depositors’ funds.
According to him, a strong and well-coordinated financial safety net system is necessary for maintaining stability and resilience in any modern financial system.
“It promotes public confidence, protects depositors, supports orderly resolution of distressed financial institutions, and helps prevent systemic crises. At a time when Nigeria is pursuing ambitious economic growth objectives, including the goal of attaining a one trillion-dollar economy in 2030, a robust and credible financial safety net is essential to maintaining depositors’ and investors’ confidence and enhancing financial system resilience,” Sunday said.
He said the recently concluded banking sector recapitalisation programme represents a significant milestone in strengthening the capacity of Nigerian banks to support economic development.
“Well-capitalised banks are better positioned to absorb shocks, finance large-scale investments, support enterprise growth, and withstand periods of economic uncertainty. However, while recapitalisation enhances the resilience of financial institutions, it must be complemented by effective regulation, sound governance practices, strong risk management frameworks and good compliance culture, all attribute of a reliable financial safety net,” Sunday said.
He said the stability of the financial system depends largely on the trust that depositors and investors place in financial institutions.
He said: “History has shown that where confidence is low, distress can spread rapidly, threatening the stability of, not only the financial system but the wider economy. It is, therefore, essential that institutions responsible for financial stability continue to strengthen measures that preserve and enhance public trust.
Also speaking, opening remarks, Ahmadu Usman Jaha, chairman, House Committee on Insurance and Actuarial Matters, said financial systems across the globe are being reshaped by rapid technological advancement, digital financial services, artificial intelligence, cybersecurity risks, and changing customer expectations.
He said Nigeria is undertaking one of the most significant banking recapitalisation exercises in its recent history, requiring banks to strengthen their capital base while remaining innovative, resilient and competitive.
“These developments present enormous opportunities for economic growth, financial inclusion and innovation. However, they also introduce new categories of systemic risks that require stronger institutions, modern regulatory frameworks, and robust financial safety nets capable of maintaining public confidence under all circumstances,” he said.
He explained that Nigeria’s banking industry continues to occupy a central position in our economy with banking sector assets running into several trillions of naira and serving tens of million of depositors across conventional banking channels and rapidly expanding digita platforms.
“Equally important is the rapid expansion of financial technology. While fintech innovation has significantly increased financial inclusion and payment efficiency, it also raises complex issues relating to cyber resilience, operational risk, consumer protection, digital fraud, and the scope of deposit insurance coverage. These are issues that require continuous legislative attention and collaborative policy responses,” he stated.
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