News
CFA’s Startups Hangout Slated for November 24

By Justice Okemgba
The November 2017 edition of CFA’s Startups Hangout, will be the last for this year, is slated to come up on Friday, November 24, 2017 by 5:00pm and this edition will be featuring the second Startups Pitch session in the series.
This is aside the successful entrepreneurs that have been invited to speak to the Startups. They are John Obaro, MD, SystemsPecs (Remita) and Jane Egerton-Idehen, Country Manager, Avanti Satellite Communications.
John Obaro, managing director of SystemSpecs, (Remita), which is today, Nigeria’s leading e-payment provider, through its Remita solution. It is currently the Central bank of Nigeria’s, (CBN), adopted payment gateway for the facilitation of the Federal Government’s Treasury Single Account, (TSA), project, processing about N6billion worth of transactions on Monthly basis.
John Obaro is an alumnus of both Ahmadu Bello University, Zaria and University of Lagos as well as the Chief Executive Program, (CEP3), of Lagos Business School.
He has served, at various times, on the Boards of Ministerial Advisory Council on Information and Communication Technology, Institute of Software Practitioners of Nigeria, Computer Professionals Registration Council of Nigeria, (CPN), and many more.
Jane Egerton-Idehen, Country Manager, Avanti Satellite Communications, has garnered12 years plus experience in the industry. She focuses on bridging the business and technical challenges of managing complex, high-value business relationship in the industry, having managed operations for Multinational telecommunications Companies, such as Nokia Siemens and Ericsson, in countries in Sub-Saharan Africa.
Jane is a graduate of Electronics Engineering from the University of Nigeria, Nsukka, , with an Executive education from Harvard University and an MBA from Warwick Business School.
I have no doubt that attendee Startups will be in a position to learn a lot from these two unique personalities at the forthcoming November edition of CFA’s Startups Hangout.
Last Month, we had Wale Ajisebutu, Vice Chairman/CEO, 21st Century Technologies and Nkiru Balonwu, PhD, Managing Partner, RDF, speak to the attendee Startups on very useful issues that they will need to know and do, to enable them run their budding businesses profitably and successfully.
Some of the other past speakers have also featured prominent successful Nigerian Entrepreneurs, such as Wale Ajisebutu, Vice Chairman/CEO, 21st Century Technologies, Nkiru Balonwu, PhD, Managing Partner, RDF, Austin Okere, Founder, CWG, Banke Alawaye, Country Manager, Praekelt, Chinenye Mba-Uzoukwu, CEO, InfoGraphics, Afolabi Abiodun, CEO, SB Telecoms and Devices, Bolaji Finnih, CEO, TechPreneur Africa and Ommo Clark, CEO, iBez Solutions. Nadu Denloye, PhD, Co-Founder of Telnet and Director,CDNet, Deepankar Rustagi, the Co-founder, VConnect, Adeoye Abodunrin, ED,Xpos Technologies, Simeon Ononobi, Co-Founder, MyAdsGlobal, Helen Anatogu, CEOand Founder, iDea Nigeria, and Yele Okeremi Founder of Precise Financial Systems and others.
Startups that are interested to participate in the Pitch session that will also be coming up during the November edition of the CFA’s Startups Hangout, should visit https://goo.gl/forms/MhXZyVay4A0AeemX2 and register for it.
The November 2017 edition of CFA’s Startups Hangout will be sponsored by TAMS and Remita.
We also thank our Media partners, Guardian Tech, NigeriaCommunications Week, Connectnigeria, ITPulse, Cyber Africa and Technext.ng for their continued support in publicising the event for the benefit of our numerous Startups.
Limited seats are available, hence, you need to register early, to book for a seat at the event.
You can register for the October 2017 edition of CFA’s Startups Hangout @ http://startups.cfatech.ng
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
News
PalmPay Reinforces Commitment to Youth Empowerment on International Youth Day

As the world marks International Youth Day, attention once again turns to the opportunities and challenges facing young people as they prepare for work, financial independence, and adulthood.

In Nigeria, the urgency is clear. According to UNICEF, about 7% of young people aged 15–24 possess basic ICT skills, highlighting a wider gap in the skills required to participate effectively in an increasingly digital economy.
At the same time, the Federal Government, through the Federal Ministry of Youth Development, continues to prioritize skills development, job creation, entrepreneurship and social inclusion.
For PalmPay, youth empowerment goes beyond corporate social responsibility. It is an investment in the people who will shape Nigeria’s workforce, businesses and economy.
This belief is reflected in initiatives focused on financial literacy, employability, digital skills and access to opportunities.
Through its Graduate Trainee Programme, PalmPay provides young graduates with opportunities to gain workplace experience, develop professional skills and build careers in a fast-evolving industry.
The investment also extends to financial education. Through its NYSC Financial Literacy Programme, PalmPay brings practical financial education to young Nigerians at an important transition point, helping Corps members develop better habits around saving, spending, budgeting and protecting their money.
For young women, Purple Woman provides another pathway to economic empowerment, creating opportunities for internships, learning and professional development while supporting greater female participation in the technology sector.
Speaking on the importance of youth empowerment, Chika Nwosu, Managing Director of PalmPay Nigeria, said: “Nigeria’s young population is one of its greatest assets, but unlocking its potential requires access to the right skills, knowledge and opportunities. At PalmPay, we are committed to equipping young Nigerians to learn, earn and thrive in an increasingly digital economy. We believe that investing in young people today is an investment in a stronger, more inclusive Nigeria.”
These initiatives reflect a broader belief that youth empowerment is most meaningful when young people are given the knowledge, exposure and opportunities to apply what they learn.
A graduate given workplace exposure today can become tomorrow’s business leader. A Corps member who develops sound financial habits can carry those lessons into their career and personal life. A young woman given access to professional opportunities can gain the confidence, experience, and networks to create opportunities for others.
Investing in young people is a great strategy for building a stronger, more productive, and more inclusive economy.
This International Youth Day, PalmPay reaffirms its commitment to investing in young Nigerians and contributing to a broader national ambition where the young population is not just counted, but equipped, employed, empowered, and positioned to lead.
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