News
Connect Nigeria, Union Bank Celebrate Top 100 Emerging SMEs

Connect Nigeria in collaboration with Union Bank PLC over the weekend held an Award Ceremony aimed towards celebrating top 100 emerging SMEs in the country.
The event which was held at the Union Bank Head Office in Marina, Lagos, had in attendance nominees, award recipients, representatives from the award partners, Lagos Chamber of Commerce and Industry (LCCI) and Sawubona, members of the press and a host of others.
Mrs Ogochukwu Ekeide, Head, Corporate Communications and Marketing, Union Bank, in a welcome address said that the award was put together to challenge, encourage and recognize Nigerian SME Businesses.
She noted that the campaign was officially kicked off in February 2018 with a call for nominations of emerging SMES who have distinguished themselves in providing excellent products and services for due recognition, honor and celebration.
She added that Union Bank recognized the 100 emerging businesses as part of the bank’s yearlong celebration of 100 years of operation from a record total of 13,470 nominations in 25 broad categories.
Ekeide commended the recipients for their hard work and dedication expressing Union Bank’s willingness to partner with, support and reward SMEs.
She also encouraged them to keep up the good work and expressed the desire to see them become fortune 500 companies in the future.
Emeka Okafor. MD, Connect Nigeria, in his welcome address extolled all those who participated in the top 100 emerging SMEs event, noting that they were are all winners.
Okafor, who was represented by Uzo Anekwe, Head, Business Development, Connect Nigeria, observed that businesses in Nigeria were beginning to understand the dynamics of doing business in a global economy and putting systems and structures in place, to be able to compete globally.
He added that Connect Nigeria as a brand is committed to investing in the SMEs because they are the future of Nigeria and to this end; he unveiled a series of ongoing benefits that would accrued to the winners.
According to him, “All 100 winners will be published in featured articles via the Connect Nigeria online platform, to boost their visibility, and online presence.
“100 free tables will be given to all the winners of this year’s event, to showcase and exhibit their products and services at Africa’s largest SME event in April 2019.
“All winners will enjoy free 1-year membership on the Club connect Platform with all the benefits that come with it.”
He concluded by congratulating the award recipients for their sterling efforts and assured them of Connect Nigeria’s support as they continue to raise the bar while doing business the right way in Nigeria.
Mr. Paul Aseme, Head, Retail Segment, Union Bank, also gave a short seminar on Union Bank’s special business Advisory services for SMEs. He assured the audience of the Bank’s commitment to their growth and prosperity.
The highpoint of the event was the presentation of Award certificates to the winners of the Top 100 Emerging SMEs in attendance by representatives of Union Bank, Connect Nigeria, LCCI, and Sawubona.
The recipients expressed their satisfaction with the outcome of the event and described their joy at being honored for their modest contribution to the growth of the economy.
They entertained hopes of surpassing their previous achievements in the coming year with the aid of such initiatives as this put together by Connect Nigeria and Union Bank.
The event ended amidst cheers, music and networking, with closing remarks by Mr. Oriyomi Bernard, Head, SME Banking, Union Bank.
The next edition of the Connect Nigeria Top 100 Emerging SMEs is expected to take place sometime in 2019.
News
ALX Broadens AI Training in Africa

Pan-African talent accelerator ALX is expanding its footprint and shifting to a fully self-paced learning model to train and integrate young Africans into the workforce, as the global economy reorganises around artificial intelligence (AI).

Partnering with the MasterCard Foundation, the technology training provider and career accelerator designed to equip African talent, says it enables learners to access tech training for $5 a month.
It emphasises a shift in demographics saying that by 2035, more young Africans will enter the workforce annually.
ALX notes that its model has graduated 347,100 learners, with 63% finding employment within six months. Women represent over half of all graduates. To increase flexibility, the organisation emphasises that learning is now entirely self-paced.
“Learners progress through modular blocks, earning credentials as they go, ensuring that the training fits around their existing responsibilities,” says Shana-Michelle Rabonda, Chief Operating Officer of ALX.
Rabonda adds that global employers are taking notice: “We are building a direct pipeline to the global digital economy. When companies look for elite tech talent, they are looking at Africa.”
Due to this demand, firms such as Absa, Stanbic Bank, MTN, and KPMG now employ between 50 and 180 ALX graduates each. Meanwhile, community entrepreneurs have created over 60,100 jobs through AI startups like Signvrse and Edulga.
With Africa’s AI market projected to grow to $16.5 billion by 2030, ALX operates alongside competitors like Moringa School and GoMyCode to secure mindshare.
“With the right skills and networks, young Africans can seize these opportunities,” Rabonda emphasises. “Africa’s youth should not just be consumers of AI; they should be creators shaping innovations that will define the global economy.”
News
Swift Network Faces Winding-up Battle over Alleged N115m Debt

A Federal High Court sitting in Lagos has ordered the advertisement of a winding-up petition filed against telecommunications service provider, Swift Network Plc, over its alleged inability to settle a debt exceeding N115 million.

The order followed an application filed by Optics and Wireless Limited through its counsel, Bimbo Adebayo-Ogunlaja, urging the court to permit the publication of the winding-up petition instituted against the company.
In the petition, Optics and Wireless Limited alleged that Swift Network Plc is indebted to it in the sum of N115,482,302.88, being the outstanding payment for network devices supplied to the telecommunications firm since April 2024.
The petitioner is also seeking the payment of N70,530,062 as accrued interest arising from a loan facility allegedly obtained to finance the transaction between both parties, as well as general damages for breach of contract.
According to court documents, the dispute arose from a series of transactions carried out between April 2024 and February 2025, during which Swift Network Plc, through its procurement officer, allegedly requested the petitioner to manufacture and supply various network devices based on purchase orders issued by the company.
The petitioner stated that payment for the supplied items was expected either immediately after delivery or within 30 days of supply, but alleged that Swift Network repeatedly failed to honour the agreement despite receiving the products.
Optics and Wireless Limited further claimed that it became apparent after the final order for servers in April 2025 that the respondent was either unwilling or unable to settle the accumulated debt.
The petitioner also informed the court that its solicitors, Messrs Zionla Legal Practitioners & Solicitors, subsequently issued a statutory notice of demand dated December 11, 2025, demanding payment of the outstanding sum and accrued interest.
According to the petitioner, all efforts to recover the debt proved unsuccessful, adding that the situation has exposed the company to serious financial challenges and possible legal action from the bank that allegedly granted it the loan facility used to execute the supply contracts.
Optics and Wireless Limited argued that Swift Network Plc is insolvent and unable to meet its financial obligations, urging the court to wind up the company in line with the provisions of the Companies and Allied Matters Act and the Winding-Up Rules.
Among the reliefs sought, the petitioner asked the court to order that Swift Network Plc be wound up by the court and that any voluntary winding-up process involving the company should continue under the supervision of the court.
Justice Lewis Allagoa subsequently adjourned the matter till July 10 for further hearing.
News
Simba Infrastructure, Galaxy Backbone Partner to Deliver Hosted Unified Communications and Call Centre Solutions Across Nigeria

Simba Infrastructure Limited, a leading provider of customer experience and communications technology, has entered into a strategic partnership with Galaxy Backbone Limited (GBB), the Federal Government of Nigeria’s ICT infrastructure and shared services provider, to deliver Hosted Unified Communications (UC) and Hosted Call Centre Solutions to organisations across both the public and private sectors.

This collaboration brings together Simba Infrastructure’s deep expertise in converged communication technologies, systems integration, and private-sector engagement with Galaxy Backbone’s trusted government relationships, world-class Tier III and Tier IV data centre infrastructure, and an extensive fibre-optic network spanning 30 states and the Federal Capital Territory.
Together, both organisations will deliver secure, scalable, and cost-effective communication solutions designed to transform how businesses and government institutions engage with customers and citizens.
Under this this partnership, Simba Infrastructure will lead business development efforts within the private sector, delivering tailored Unified Communications and Call Centre solutions aligned with the unique needs of enterprises. Galaxy Backbone, on the other hand, will drive adoption within the public sector, providing secure, locally hosted data centre services that ensure compliance, reliability, and operational efficiency.
Commenting on the partnership, Sanjay Vaswani, Director at Simba Infrastructure said: ”Simba is pleased to mark this first phase of collaboration, with a long-term vision of deploying fully localized, AI-driven technologies that enable developers to build and scale using Naira-based solutions.
“While Aminu Usman, Profit Centre Head at Simba Infrastructure tressed on the fact that partnering with Galaxy Backbone will marks a significant milestone in our mission to deliver innovative, cloud-based communication solutions to Nigerian organizations.
“By combining Galaxy Backbone’s robust infrastructure and strong public sector presence with Simba’s customer-centric approach and technological expertise, we are creating a powerful platform to drive digital transformation and business growth.”
Also speaking, the GM Strategic Partnerships & Regional Business, Galaxy Backbone Limited, Abdul-Malik Suleiman noted; “Galaxy Backbone remains committed to advancing digital inclusion, secure communication, and reliable ICT services across Nigeria. Our partnership with Simba Infrastructure strengthens our ability to deliver innovative, locally hosted Unified Communications and Call Centre solutions that will benefit both public and private sector organisations.”
This partnership underscores a shared commitment to advancing Nigeria’s digital transformation agenda by equipping organisations with the tools to enhance collaboration, streamline communication, and improve customer experience—while ensuring that critical data remains securely hosted within Nigeria.
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