E-Business
Digital Jewels Aid Three ISO/IEC 27001, Local Firms Move Slowly

Only a handful of Nigerian firms have secured the prestigious ISO/IEC 27001:2005 indicating that most companies and organizations in the country are yet to bring their processes at par with global standards, Nigeria CommunicationsWeek can report.
ISO/IEC 27001, part of the growing ISO/IEC 27000 family of standards, is an information security management system (ISMS) standard published in October 2005 by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
It is generally regarded as the world’s highest accreditation for information protection and security from the International Organisation for Standardization (ISO).
First Bank of Nigeria Plc, Galaxy Backbone Plc, Fidelity Bank Plc and Unity Bank Plc have all etched their names in history book as firms at par with leading international and multi-lateral corporate organizations including the International Monetary Fund (IMF) and the World Bank in the area of security and protection of customers’ information.
Nigeria CommunicationsWeek investigations revealed that First Bank of Nigeria Plc was the first to adopt and comply with the highest known management standards in information security in the world.
After First Bank, Digital Jewels, an Information Value Chain Consulting Firm has secured the prestigious certification for Galaxy Backbone, Fidelity Bank Plc and recently Unity Bank Plc.
Galaxy Backbone is the first public sector organisation in Nigeria and the first ICT Company in the entire West African region to have attained accreditation.
Fidelity Bank Plc is currently the second organization in the Nigerian banking industry to be so certified and followed by Unity Bank Plc.
Mrs. Adedoyin Odunfa, managing director/CEO, Digital Jewels had at the presentation of the certification to Galaxy Backbone last late year that her company is committed to emerging as the leading player in the implementation of global best practice standards in Nigeria and beyond.
“Without doubt, to reach the goal of certification, it’s been a great deal of hard work, sometimes tedious, sometimes tough, often painstaking, but always exciting. I commend the management of the two organizations (Galaxy Backbone, Fidelity Bank Plc) for their doggedness in implementing and complying with this world-class standard in their operations; and pleased Digital Jewels was a key facilitator of this success story.” She said
Mrs. Omobola Johnson, minister of Information and Communication Technology, who received the certification presented by Mr, TheunsKotze, managing director, British Standards institute, BSI Europe, Middle East & Africa, on behalf of Galaxy Backbone noted that the achievement represents a significant milestone in the journey to attain global best practices in Information Technology by the Federal Government.
Mr. Gerald Ilukwe, managing director, Galaxy Backbone said the government agency embarked on the journey to ISO 27001:2005 Certification as part of an overarching imperative of implementing processes that will guide the company’s service provision.
“The ISO/IEC 20071 certification specifies requirements for ISMS (Information Security Management Systems) management. And certification is a recognition of compliance with the stringent requirement of the ISMS standards and regulations for handling all organizational information, be it for the organisation or for its clients, in such a manner as to ensure that it is secure, available when needed and reliable.” Ilukwe explained.
Elsewhere at a similar presentation of certification to Fidelity Bank, Mr. Reginald Ihejiahi, managing director/CEO of the bank, stressed the importance of the certification to the Bank’s business.
Both Galaxy Backbone and Fidelity Bank Plc commended the effort of Digital Jewels in ensuring that they attained the feat despite all odds.
Nigeria CommunicationsWeek gathered that on ISO/IEC 27001 formally specifies a management system that is intended to bring information security under explicit management control. Being a formal specification means that it mandates specific requirements.
Organizations that claim to have adopted ISO/IEC 27001 can therefore be formally audited and certified compliant with the standard.
Most organizations have a number of information security controls.
However, without an information security management system (ISMS), controls tend to be somewhat disorganized and disjointed, having been implemented often as point solutions to specific situations or simply as a matter of convention.
Security controls in operation typically address certain aspects of IT or data security specifically; leaving non-IT information assets (such as paperwork and proprietary knowledge) less protected on the whole.
Moreover business continuity planning and physical security may be managed quite independently of IT or information security while Human Resources practices may make little reference to the need to define and assign information security roles and responsibilities throughout the organization.
E-Business
FG Unveils ePharmacy Platform to Regulate Digital Pharmaceutical Services

Federal government has inaugurated the Electronic Pharmacy Regulation Platform (E-Pharmacy) to enhance the safety of online healthcare services.

Pic credit….healthreporters.info
The platform, championed by the Pharmacy Council of Nigeria (PCN), is designed to regulate digital pharmaceutical services and improve public health outcomes.
Inaugurating the platform, Prof. Ali Pate, coordinating minister of Health and Social Welfare, said the initiative signified Nigeria’s commitment to building a world-class regulatory environment.
Pate noted that pharmacy regulation had faced significant challenges for over three decades but expressed optimism that the new platform would strengthen oversight and accountability.
He said the initiative would enable evidence-based monitoring of pharmaceutical practices while supporting innovation and investment in the health sector.
“This launch is a testament to our collective commitment to advancing technology in the service of health, safety and human dignity.
“It is a decisive step to ensure that pharmaceutical practice in Nigeria aligns with national and global health priorities, reflecting the realities of the 21st century.
“It enables the country to adopt evidence-based approaches to monitoring and protecting public health while supporting innovation and investment,” he said.
The minister added that the platform would help establish a safe, accessible and well-regulated national e-pharmacy ecosystem driven by digital technology.
Earlier, Alhaji Ibrahim Ahmed, registrar/chief executive officer of PCN, said the need to regulate online pharmacy operations became more urgent during the COVID-19 pandemic.
Ahmed said the pandemic accelerated the adoption of digital tools and e-commerce in healthcare, exposing longstanding inefficiencies in pharmaceutical supply chains, particularly in Africa and Nigeria.
“This has led to the increasing adoption of digitised distribution of essential medicines through cost-effective and technology-enabled models.
“For decades, PCN has regulated pharmacy education, training, practice and business in Nigeria. However, as the world shifts towards digital solutions, access to medicines has evolved.
“The Electronic Pharmacy Regulations 2026 provide a comprehensive legal and technical framework for the registration, licensing, operation and oversight of digital pharmaceutical services,” he said.
He added that the framework would ensure that ethical standards and patient safety are not compromised in the delivery of online pharmaceutical services.
E-Business
Flutterwave Targets Anambra as South-East Tech Hub

Olugbenga Agboola, CEO, Flutterwave, has announced plans to establish Anambra State as the company’s hub for Nigeria’s South East, leveraging a fresh banking license from the Central Bank of Nigeria (CBN) to boost local fintech and businesses.

Flutterwave
Agboola made the disclosure yesterday in Awka during a meeting with Anambra tech community leaders, hosted alongside Dr. Stanley Uzochukwu, CEO, Stanel Group and proprietor, Delborough Hotel.
He highlighted Flutterwave’s status as Africa’s leading payment system, born in Nigeria, with infrastructure powering companies nationwide.
“We want Anambra to be our hub for the entire South East,” Agboola said. “We’ll deploy our systems, fees, infrastructure, and POS terminals to every small business and large firm here, making our services the top consumer choice.”
Agboola pledged a massive impact program for Anambra entrepreneurs to foster global platforms from the state, enabled by the new license for faster growth.
For a decade, Flutterwave has facilitated payments, but now aims to empower South East businesses through partnerships, POS access, loans, and value for SMEs.
“We’re partnering on a huge impact program launching soon—impacting the tech community with technology, financing, and lending to create more millionaires from this city,” he added.
E-Business
NESREA, ACMTI, Others Launch Carbon Utilisation Initiative in Nigeria

The National Environmental Standards and Regulations Enforcement Agency (NESREA), in collaboration with the Africa Carbon Management Technology & Innovation (ACMTI) and the Clean Energy Ministerial Carbon Capture, Utilisation and Storage Initiative (CEM-CCUS), has launched a Carbon Capture, Utilisation and Storage (CCUS) Initiative Platform in Nigeria.

Speaking at the launch in Port Harcourt, Rivers State, Prof. Innocent Barikor, the Director-General of NESREA, described the project as a major milestone in Nigeria’s journey toward environmental sustainability, climate resilience, and industrial transformation.
Barikor explained that the CCUS solution provides an economically viable pathway for industrial decarbonisation by enabling the capture, storage, and utilisation of carbon in sectors such as beverage production, cement manufacturing, chemicals and fuels, enhanced oil recovery, and agriculture.
“We need to reduce carbon in the atmosphere to acceptable levels. Its utilisation offers opportunities to capture and store carbon and deploy it for industrial purposes. We are building a circular economy—turning environmental challenges into economic opportunities in line with regulatory provisions,” he said.
He noted that the CCUS Platform is a collaborative ecosystem designed to bring together key stakeholders, including government institutions, industry leaders, academia, technology developers, development partners, and investors.
Also speaking, the Vice-Chancellor of the University of Port Harcourt, Prof. Owunari Georgewill, commended NESREA for the initiative, describing it as a practical mechanism for coordination, innovation, and action toward Nigeria’s 2035 climate targets and broader energy transition goals.
He added that the university is well-positioned to host the CCUS initiative, noting that its Energy Technology Institute has developed credible expertise in energy transition-related fields critical to the success of CCUS in Nigeria.
On his part, the Coordinator of ACMTI and Facilitator of the Carbon Technology Innovation Platform (CTIP), Dr. Richard Victor Osu, said the vision is to position Nigeria as a regional leader in carbon management technologies while contributing meaningfully to Africa’s climate commitments and global decarbonisation efforts.
Osu explained that Port Harcourt was selected due to its potential as a CCUS hub, adding that the platform will focus on advancing research and innovation, building technical capacity, promoting public-private partnerships, attracting investment, and fostering collaboration with international research and technology partners.
Juho Lipponen of the CEM-CCUS Initiative assured that the organisation would support Nigeria in prioritising CCUS in clean energy discussions, strengthening carbon management deployment programmes, boosting partnerships, facilitating financing solutions, and promoting positive narratives around carbon utilisation.
The event attracted participants from the United States, France, Brazil, Canada, the United Arab Emirates, and the United Kingdom, who shared insights on the initiative.
Also in attendance were representatives of the National Oil Spill Detection and Response Agency (NOSDRA), the National Council on Climate Change (NCCC), the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), the Rivers State Ministry of Environment, as well as private sector stakeholders and development partners.
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