E-Business
Deloitte/LBS Sign MoU To Tackle Africa’s Managerial Skills Gap

Deloitte Nigeria, a member firm of Deloitte Touche Tohmatsu Limited (DTTL) and LBS, Nigeria’s premier business school, on Thursday, signed a Memorandum of Understanding (MoU) with a view to tackle the dearth of managerial talents in Africa.
Speaking during the MoU signing at Deloitte new office in Lagos, Anthony Olukoju, West Africa Chief
Operating Officer and Risk Advisory Leader, said that Deloitte Nigeria, which is also a part of the Deloitte Africa Practice which has a presence in 34 African countries and service 51 out of the 54 countries in Africa, feels delighted as both organisations have come together in order to sign an MOU on what will be a mutually beneficial journey in the Nigeria business market.
Olukoju said that the partnership with LBS ranked amongst the top open enrolment executive education providers for the tenth consecutive year since 2007, is very important to both organisations, as they are “learning organisations and believe we have a lot of knowledge to share to and learn from the business community in order to impact positively on the Nigerian economy as a whole.
“Our objective for the Insights will also be about working together with key industry leaders to articulate the implications of leading trends in the economic landscape as well as with captains of industry and leading organisation.
“This discourse will take place annually and the topics of discussion will be jointly selected by both organisations”.
He disclosed that the audience will be C-Suite executives only, selected from all sectors of the economy.
The topics and content will be co-conceptualized to emphasise on the Nigeria’s business environment facilitated by both organisations.
“This collaboration yearly, will culminate in a jointly developed thought leadership material for the Nigerian market.
Once again I welcome you and look forward to fruitful deliberations,” Olukoju added.
With 24 partners and more than 500 professional staff in Lagos, Abuja, and Port Harcourt, he said that Deloitte is one of the biggest providers of services in Nigeria.
Deloitte Nigeria currently provides audit, tax, consulting, corporate finance, accounting and business process solutions and risk advisory services to public and private clients spanning multiple industries.
“Our purpose as an organisation is making and impact that matters. In furtherance of this objective, we moved from our traditional office on Ikorodu Road to the iconic Civic Towers on Monday 27 June to be closer to our clients and to enable us be more impactful in our service delivery.
We welcome you as our first guest as we continue to settle down in the coming weeks,” he added.
On her part, Dr. Enase Okonedo, the dean of LBS, said that LBS which began in 1991 as a small institution called the Centre for Professional Communications (CPC), offering management courses relevant to the Nigerian business environment, has always sought of ways to improve the managerial competences of Africans.
According to her, large organisations can only retain their growth level in the era of technological disruptions by improving on the skill sets and avoid complacency.
LBS was previously owned by the African Development Foundation (ADF), a Nigerian not-for-profit educational foundation, but now owned by the Pan-Atlantic University Foundation.
The best organisations within the Nigerian business landscape were also part of the formation of the prestigious institution.
By 2007, LBS had consolidated its status as Nigeria’s premier business school by ranking for the first time among the top 50 business schools in the world, in the area of open enrolment programmes, by the Financial Times of London.
LBS is still the only Nigerian business school to be included in this prestigious world ranking.
The Dean said thay the partnership provides them with credible platform targeted at C-Suite executives from all sectors of the economy such as consumer business, retail, manufacturing, oil and gas, power, banking, insurance, technology, media, telecommunications, to concentrate on companies on the way to remain relevant even in tech disruption periods.
Also speaking, Marie-Therese Phido, West Africa Clients & Industries Leader at Deloitte, said the foremost C-Suite, coming up later in the year will focus on the theme, “How new business is disrupting traditional business in Nigeria”.
Disruptive Innovation is a term introduced by Clayton Christensen, which has become the norm in describing innovative driven growth.
“Christensen describes disruptive innovation as a process by which a product or service takes root, initially in simple applications at the bottom of the market, moves up market to displace established competitors,” she recalled.
She said thay the partners expectations are thay companies should “leverage disruptive innovation to re-define markets by developing disruptive and transformational products or businesses to serve new markets or customers; introduce incremental changes that differentiate the organization from competition by expanding into adjacent markets; seek steady improvements by optimizing existing (core) products for existing customers.
“The thrust of this year’s session will seek to establish how leading innovators within the Nigerian economy have applied the four levels of innovation practically in their organizations looking at: Strategic alignment and approach; structures and process – organization; accumulation and use of knowledge – resources and competencies and general conditions – metrics and incentives to achieve the positions they have attained in the economy as they contend with established traditional players.
The Target Audience, she said, include captains of Industry in traditional business and new business, who will give their perspectives on how innovation and disruption is affecting their business.
E-Business
NDPC Warns of Offshore Data Risks as 90 Percent of Country’s Data is Hosted Abroad

Nigeria Data Protection Commission (NDPC) has raised concerns over data sovereignty, national security as well as loss of economic value, as over 90 per cent of Nigeria’s data is hosted abroad.

Pic credit…247digitize.com
Vincent Olatunji, national commissioner/CEO, NDPC, stressed the importance of safeguarding Nigeria’s digital economy through strong data protection and privacy frameworks.
He spoke while while delivering a keynote address at the IoT West Africa Conference, where he stated that the trend poses significant risks to Nigeria’s control over its digital assets.
He further described the situation as precarious for the nation’s sovereignty, and called for urgent investment in local data infrastructure.
Olatunji, highlighted data sovereignty, the growing role of data centres, and regulatory expectations under the Nigeria Data Protection Act, 2023, noting both the benefits of compliance and the risks of non-compliance. Olatunji underscored that data centres are now critical infrastructure for Nigeria’s digital transformation.
While decrying that over 90 percent of the Nigeria’s data is hosted abroad which is precarious for the nation’s sovereignty he encouraged for more investment in the sector as it is projected to reach $1.9 billion by 2031.
Also speaking, Kashifu Inuwa, the director-general of the National Information Technology Development Agency (NITDA), said policy is emerging as the key driver of Nigeria’s digital transformation, particularly in shaping the development of the Lagos-Abuja digital corridor.
“While infrastructure responds to demand, policy creates the enabling environment for sustainable growth,”
Inuwa who was represented by Aristotle Onumo, director, stakeholders management and partnership at the IoT West Africa Conference in Lagos, on the theme “The Lagos-Abuja Digital Corridor: Building Africa’s Next Data Centre and Cloud Hub.”
Inuwa emphasised that while infrastructure responds to demand, policy remains the critical driver that creates an enabling environment for sustainable digital growth.
He explained that Nigeria’s broadband policy, which stipulates minimum speeds of 10 Mbps for rural areas and 25 Mbps for urban centres, provides a strategic framework for prioritising infrastructure deployment along the Lagos-Abuja digital corridor.
He cautioned, however, that without deliberate collaboration and partnership between government, the private sector, and civil society, widespread infrastructure rollout would remain challenging. “Collaboration is the pathway that massifies impact, while partnership harnesses collective intelligence. No one can achieve this in isolation,” he said.
Inuwa also spoke on the Nigerian Sovereign Cloud Project; a flagship initiative aimed at strengthening indigenous cloud service providers and preventing the dominance of Nigeria’s digital infrastructure by foreign hyperscale operators.
By scaling local infrastructure to meet global standards, the project seeks to domesticate data hosting, reduce operational costs, and improve access to cloud services across the country.
E-Business
Opay Plans IPO in US, Targets $4Bn in Valuation

Opay, a financial technology (fintech) firm, is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for an initial public offering (IPO).

According to a report by Bloomberg on Friday, sources said the platform, backed by SoftBank Group Corp., is considering a listing in the United States and is targeting a valuation of about $4 billion.
They added that the company could proceed with the share sale later this year, although the timing and size of the offering are yet to be finalised.
Opay is one of Africa’s fastest-growing fintech firms, offering mobile payments, transfers, and other financial services across Nigeria.
Advertisement
The fintech company, Citi, Deutsche Bank, and JPMorgan have not publicly commented on the IPO plans.
Like Opay, Flutterwave, a major fintech company in Africa is planning an IPO.
E-Business
How Nigerians Search is Changing — and Why it Matters for Our Businesses

By Olumide Balogun
There was a time when using a search engine felt like cracking a code. You typed two or three carefully chosen keywords, hoped the machine understood, and waited to see what came back. People had to learn the language of machines, shrinking complex needs into stilted phrases.

Olumide Balogun, Director, West and East Africa at Google.
That era is ending. Today, a person can ask a question the same way they would ask a colleague, and the technology is finally learning to respond in kind. Nowhere is this shift more visible than in Nigeria, where a young, mobile-first population expects tools to keep pace with how they actually think and speak.
This change carries weight far beyond convenience. It is reshaping how Nigerian businesses reach customers and how customers find what they need.
For years, marketing online meant wrestling with rigid keyword lists. A small business owner had to guess every possible phrase a customer might type. If you sold ankara dresses, you tried “ankara dress,” “Nigerian print fabric,” “traditional wear Lagos,” and a dozen variations, hoping you covered the gaps. Anything you missed was a missed customer
The new wave of conversational search makes those lists feel ancient. People now ask layered, specific questions: “Where can I find a sustainable tailor in Yaba who makes office wear?” Older systems would have stumbled on a query like that. Newer ones, powered by artificial intelligence, can read intent and stitch ideas together. They connect a question to a relevant local website that a basic keyword search might never have surfaced.
The shift is starting to show up in concrete tools. Google’s AI Max for Search ads, now a year old, is one of the more visible examples. In plain terms, it lets a business describe what it sells and who it serves in everyday language, and the system figures out which searches to match it to, instead of forcing the owner to write hundreds of keywords by hand. Early adopters report stronger revenue growth than peers, and users say results feel more useful because the technology connects ideas for them, often surfacing local sites that would not have appeared before.
There is a quieter benefit too. When advertising becomes more relevant, it stops feeling like an interruption. An ad that answers a real question is no longer noise; it is information. That changes the texture of the internet. The marketplace gets less cluttered, and people spend less time wading through results that do not fit what they were looking for.
None of this is automatic. The technology only works if it can understand human nuance, and human nuance in Nigeria is not the same as human nuance in California. A search for “owambe outfit” or “small chops for fifty people” demands cultural context, not just linguistic translation. Newer features try to bridge that gap. AI Brief, a part of the same Google toolkit, lets a business owner type plain instructions, like “focus on sustainable traditional wear, keep a premium tone,” and the system follows them. This is steering by intent, not by keyword bingo.
There are gains for businesses with deep catalogues too. A retailer with thousands of items no longer has to match every question to the right page by hand. Tools such as Google’s Final URL Expansion read the search and send the customer straight to the page that fits, in real time. In travel, finance, and healthcare, where compliance matters, the same systems can carry mandatory legal text into every ad automatically. Regulated industries can grow without cutting corners.
These are not abstract wins. They are the difference between a small business being found by a customer in Abuja at 9 p.m. and being lost in a sea of generic results, between a hospital reaching the right patient and a tailor in Surulere being discovered by a bride planning her wedding.
We should not pretend the transition is finished. AI is imperfect. It can misread context, amplify mistakes, and require careful oversight. Regulators, businesses, and users all have a role in shaping how it develops in our market. The broader direction, however, is clear, and it is one Nigeria should engage with rather than resist.
Nigeria is a nation of storytellers and traders. Our markets, physical and digital, have always been about conversation. The technology of search is finally beginning to mirror that. It is becoming less of a vending machine and more of a market stall, where you can ask a question, get a real answer, and discover something you did not know you needed.
That is the bigger story behind any single product launch. It is about how a country full of voices is finding new ways to be heard. For Nigerian businesses willing to adapt, the opportunity has never been clearer.
E-Business2 days agoOpay Plans IPO in US, Targets $4Bn in Valuation
Telecom2 days agoALTON Rues Vandalism, Others as Critical Infrastructures Suffer Attacks
General News2 days agoUS to Deny Applicants Saying they Fear Persecution @ Home Visas
General News2 days agoHackers Won’t Stop: NDPC Reports 1,500 Attacks, Warns Organisations
E-Financial2 days agoMeet Top Five Tech-Driven Banks and Their Overseers
News2 days agoFG Owes World Bank $2.08Bn in 2025 – Report
General News2 days agoExperts to Tackle AI Disruption in Telecoms, Fintech @WATISE 4.0 in Lagos
General News2 days agoFiona Ahimie, MD First Securities Brokers Elected First Female President of the Chartered Institute of Stockbrokers













