Connect with us

E-Business

CWG Listing on NSE to Boost Market Capitalisation

Published

on

Austin Okere, founder and CEO of Computer Warehouse Group Plc
Kindly share this post

The listing of the shares is expected to boost the market capitalisation of the NSE by about N14 billion, while CWG would be the highest capitalised security in the ICT sector of the exchange.

Already, there is high excitement in the capital market community as stakeholders in the market await the proposed listing of a leading pan-African Information Communications Technology (ICT) Company, Computer Warehouse Group (CWG) on the Nigerian Stock Exchange (NSE) next month.

The company, which has Stanbic IBTC Capital Limited and Cordros Capital Limited as financial advisers, has secured the approval of regulators to list 2.5 billion shares on the Nigerian bourse in November.

CWG with regional operations in Ghana, Cameroon and Uganda, had outstanding operating success, operating as a private company for many years before deciding to go public and get listed on the NSE.

Computer Warehouse Group incorporated in February 2005, as a holding company for CWL Systems Limited, DCC Networks Limited and ExpertEdge Software Limited benefits from a diversified revenue base generated across the ICT industry value chain comprising communications, hardware and software. The company has long standing partnerships with leading global ICT players such as Cisco, Oracle, Microsoft, IBM, EMC, Infosys, Wincor- Nixdorf and Symantec amongst others.

In terms of return on equity CWG is said to have posted an average return in excess of 20 per cent between 2008 and 2012 and with strategies already put in place, the impressive performance is expected to be sustained in the coming years.

CWG, which has Mr. Austin Okere as Founder and Group Chief Executive Officer, has prominent individual and corporate shareholders including Aureos Africa Fund LLC, a leading private equity firm.

The company has a diversified customer base including   customers in Telecom, Oil & Gas, Government, Education, Manufacturing, and Financial services sectors with operations in 18 of 36 Nigerian states and regional operations in Ghana, Cameroon and Uganda. Some of her customers include: Exxon Mobil, Royal Dutch Shell, First Bank of Nigeria, United Bank for Africa, Unilever, Cadbury, Nestlé, Etisalat and MTN Group amongst others.

CWG currently provides ICT infrastructural support to 14 of the 22 banks in Nigeria, and the largest data centre in Africa outside of South Africa.

It has also deployed and supports over 3,500 Automated Teller Machines (ATMs) in Nigeria out of the installed base of about 11,000 ATMs.

In terms of software, CWG has deployed and supports the Finacle banking application which is being used by eleven financial institutions in Nigeria, including FBN, UBA, and Stanbic IBTC amongst others, while the company also provides wide area networks to 18 banks.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

Galaxy Backbone Celebrates the Federal Government’s Paperless Civil Service Milestone

Published

on

Kindly share this post

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.


Kindly share this post
Continue Reading

E-Business

Jumia CEO says Black Friday Signals Nigeria’s E-Commerce Maturity

Published

on

Kindly share this post

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.”


Kindly share this post
Continue Reading

E-Business

Galaxy Backbone Tops FG’s Website Performance Ranking

Published

on

Kindly share this post

Galaxy Backbone Limited (GBB) has been ranked first overall in the 2025 Federal Government Website Performance Scorecard.

Galaxy Backbone Tops FG's Website Performance Ranking

This is a landmark achievement for Nigeria’s digital economy.

The ranking, conducted by the Bureau of Public Service Reforms (BPSR), is the definitive benchmark for digital excellence and transparency across all Ministries, Departments, and Agencies (MDAs).

Professor Ibrahim Adepoju Adeyanju, managing director and CEO of Galaxy Backbone, received the award during a ceremony in Abuja.

He described the feat as a validation of the agency’s“Nigeria First”data sovereignty strategy and its relentless pursuit of service excellence.

This recognition comes as the Federal Government intensifies its push to achieve a fully paperless civil service by December 31, 2025.

GBB has been the primary architect of this transition through its 1Gov Enterprise Content Management (ECM) platform, which now hosts the operations of almost all federal MDAs.

The award adds to a growing list of accolades for Galaxy Backbone in 2025, following its recent win of the “International Standard Excellence Award for Best IT Service Provider.”

As the central hub for government shared services, GBB’s performance serves as a blueprint for other agencies currently undergoing digital transformation.

With its expanded fiber-optic backbone now covering over 13 states and its secure cloud solutions, Galaxy Backbone remains the cornerstone of Nigeria’s vision to become a leading digital nation by the end of the decade.

 


Kindly share this post
Continue Reading

Trending