News
Computer Village Market in Perspective

The Computer Village market located in the heart of Ikeja in Lagos State is, arguably, the largest Computer market in Africa today with daily patronage from all over the country.
The market is replete with a lot of computer products and accessories as well as carrying out a variety of computer repairs tech services. The market has, in fact, been taunted as the proposed Silicon Valley of Nigeria.
I recently had a chat with Adeniyi Ojikutu, the President, Computer Village/CAPDAN on issues relating to the market.
On how the Computer Village market started, Adeniyi said that the market, in fact, started in 1994 in a period of unemployment.
He stated that the present day Computer Village market was occupied by Clearing agents, Law chambers and medical equipment dealers because of the locations proximity to the Airport, High court and Ikeja General Hospital respectively.
He went on to say that many of the unemployed graduates from these Universities and Polytechnics used to gather in a Room at Otigba street in the market at Ikeja and soon, because computers were just being introduced into Nigeria then, they started receiving demands for computers and it gradually grew into a big market.
On the impact the market is making on the economy today, Adeniyi is of the view that it is making a very huge impact.
In the first instance, he noted that the market is contributing the economic development of Lagos State, its host, and secondly the GDP of Nigeria as a nation.
He predicted that by 2019, Agriculture will be the leading contributor to the economy while technology will follow. All the 36 states in Nigeria, he noted, source their technology requirements from the Computer Village market.
Reacting to the notion that eCommerce outfits are now displacing the Computer Village market, Adeniyi emphasized that eCommerce platforms source from the Computer Village market, but with his coming on board as President/CAPDAN, he has already set in motion, a process that will enable consumers to deal directly with the Computer Village market on its platform instead of going through the eCommerce platforms.
He stated that talks are already on-going with about 16 Courier companies that will take care of the logistics aspect for fast and easy delivery of products to the customers.
Asked if he is satisfied with the progress made so far by the Computer Village market, Adeniyi stated that the market has just tapped into about 35% of its potentials so far. What is done in the market currently is provision of solutions to problems on systems.
He stated that to get to the next level, the market needs to start producing its own motherboard and linking these to the computers instead of merely assembling.
On the issue of trust, Adeniyi maintained that customer service is key, so, there will be a customer service orientation with a complaint desk and committees to deal with resolving issues. When asked what support the Computer Village market requires from the government to sustain the market, he stated that since the ICT sector is still employing while many white collar establishments are retrenching, ICT should be seen by the government as an industry that is creating employment, hence, government really needs to invest in the Computer Village market in order to give the market better ambience to carry out its business.
CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter, Tech Trends on Channels Television
News
Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.
According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.
Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.
He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.
“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.
He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.
The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.
In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.
He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.
News
NAICOM Issues New Licences to 43 Recapitalized Insurers

The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.
According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.
Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.
He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.
The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.
He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.
According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.
Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.
The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.
News
Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.
Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.
Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.
The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.
Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.
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