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
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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