News
Elumelu Makes Top 4 African Business Leaders

Tony O. Elumelu, founder of the Tony Elumelu Foundation and chairman of Heirs Holdings Limited, has been named one of the four African Business Leaders of the Year, at an awards ceremony hosted by the Corporate Council on Africa (CCA).
The CAA is a Washington, D.C.-based organization that works closely with governments, multilateral groups and businesses to improve the African continent’s trade and investment climate, and to raise the profile of Africa in the U.S. business community.
Other winners of the award were Mr. Tewolde Gebremariam, chief executive officer of Ethiopian Airlines; Mr. Geoff Rothschild, director of Government and International Affairs for the Johannesburg Stock Exchange; and Mr. Admassu Tadesse, president and CEO of PTA Bank.
Elumelu was honoured at the inaugural event as one of the continent’s most successful entrepreneurs, with a track record of value creation across key sectors that are transforming the African private sector.
His foundation is an Africa-based and African-funded philanthropy, whose mission is to identify and groom African business leaders and entrepreneurs to achieve the foundation’s central objective of enhancing the competitiveness and growth of Africa’s private sector.
His reputation as a prominent African business leader is founded on his vision and strategy for United Bank for Africa Plc (UBA), a single country bank he transformed into a Pan-African financial services institution serving over 7 million customers in 20 African countries and operating in Europe and the United States. He retired as Group Chief Executive Officer of UBA in July 2010.
Elumelu is the leading proponent of Africapitalism™: the private sector’s commitment to the economic transformation of Africa through investments that create economic prosperity and social wealth.
His passionate commitment to proving that the African private sector can be the primary driver and beneficiary of Africa’s economic transformation is evident by the numerous honors, board and committee appointments he has.
In 2003, the government of Nigeria conferred on him the national honour of Member of the Order of the Federal Republic. In 2011, New African magazine named him one of the Top 100 Most Influential Africans in the area of business and finance.
He also serves as Chairman of Transnational Corporation (Transcorp), a diversified conglomerate with strategic investments and core interests in the hospitality, agribusiness and oil and gas sectors.
News
IMF Sees 4% AI Growth Boost for Africa

Accelerating artificial intelligence (AI) adoption could increase Africa’s GDP by up to 4% over the next decade, according to the International Monetary Fund (IMF).

In a report released on Tuesday, titled Africa Can Grow Faster With AI—If It Moves Now, economists from the IMF’s Africa Department say current levels of AI adoption and utilisation are expected to contribute just 0.2% to the region’s GDP over the next 10 years.
However, the report says stronger adoption, supported by the right infrastructure and policies, could raise the economic impact to about 4% by extending AI beyond today’s digitally connected firms.
Martin Schindler and other IMF economists say: “AI adoption in sub-Saharan Africa currently lags well behind every other region. If richer economies race ahead while African firms and governments lag, the productivity gap between the region and the rest of the world will only widen.”
Early signs of AI adoption are emerging across Africa, with countries including Zimbabwe, Kenya, Egypt and Nigeria developing AI strategies.
Telecommunications operators, including Vodacom, Econet, Africell and MTN, are also integrating AI into their operations and networks.
Other examples include chatbots supporting teaching and learning in Nigeria and the South African Revenue Service’s use of data analytics for targeted tax audits.
However, the IMF says AI adoption must extend beyond these early use cases to deliver meaningful economic benefits.
“For the region, AI’s main promise is not about replacing office workers, but boosting productivity across the economy—helping informal firms manage inventory, enabling farmers to increase yields, and supporting mid-sized firms to transition to formality and export readiness,” the report reads.
The IMF is urging governments to prioritise investment in reliable electricity, affordable broadband, data infrastructure and digital skills to support wider AI adoption.
Many African countries, including Zimbabwe, Kenya, Ghana, Nigeria and Cameroon, continue to face electricity shortages, while broadband services remain costly and coverage is uneven.
The Fund believes stronger investment in power, connectivity, regional data infrastructure and digital skills would help unlock AI’s economic potential.
News
NPC Opens Nationwide Digital Birth, Death Registration Platform

National Population Commission (NPC) has commenced the nationwide digital registration of births and deaths under the Electronic Civil Registration and Vital Statistics (E-CRVS) system to strengthen legal identity management and improve demographic data.

Speaking at a press briefing in Lokoja on Tuesday, Mr Afolabi Yori, federal commissioner representing Kogi, said the initiative became operational nationwide on July 1, through the VitalReg platform.
Yori described the development as a landmark in Nigeria’s civil registration system, noting that it would modernise birth and death registration through a technology-driven platform that meets international standards.
He said the digital platform would improve service delivery, strengthen data integrity and ensure that every birth and death occurring in Nigeria was accurately documented and securely stored.
According to him, civil registration is more than an administrative process, as it provides reliable statistics that support public policy formulation, resource allocation and national development planning.
“Nigeria records an estimated five million births annually, yet millions of births and deaths remain unregistered.
“Birth registration coverage currently stands at about 57 per cent nationwide, while death registration remains below 20 per cent,” he said.
The commissioner said that the commission had established 4,011 functional registration centres across the country’s 774 local government areas and was working to expand the number to about 8,000.
He added that the commission was strengthening collaboration with stakeholders to improve the capacity of registration personnel and ensure prompt documentation of vital events through the VitalReg platform.
Yori said the platform would provide faster registration services, 24-hour online access, digital certificate issuance where applicable, and reduce paperwork, waiting time and unnecessary travel.
He disclosed that the platform was being operated under a Public-Private Partnership with Barnks-forte Technologies Ltd. as the commission’s technical partner to ensure system availability, cybersecurity and continuous technological improvement.
He called on parents, healthcare institutions, traditional and religious leaders, civil society organisations, development partners and the media to support the initiative by encouraging the prompt registration of births and deaths.
Earlier, Samuel Omonakpeme, director in Kogi, NPC State, described the commencement of the digital registration system as another milestone in efforts to strengthen Nigeria’s Civil Registration and Vital Statistics system.
Omonakpeme stated that the initiative aligns with the Federal Government’s digital transformation agenda and the Sustainable Development Goals, particularly Goal 16.9, which seeks to provide legal identity for all.
He appreciated the Federal Government, the leadership of the commission, UNICEF and other development partners for supporting the implementation of the initiative.
The state director also urged parents, guardians, health institutions, community leaders, religious organisations and the media to mobilise public support for the timely registration of all births and deaths.
The News Agency of Nigeria (NAN) reported that ICT personnel of the commission, led by Ehimoni Kolawole, conducted a live demonstration of the digital birth registration process using the VitalReg platform.
The demonstration showed that the registration process captures the biodata of both parents, while at least one parent must possess a valid National Identification Number (NIN) to complete the registration of a newborn.
News
YEDC Warns Customers, Says 20 Percent Electricity Bonus is Scam

Yola Electricity Distribution Company (YEDC) has alerted its customers to a fraudulent message circulating on social media, falsely claiming that electricity consumers can receive an additional 20 per cent bonus units when recharging their prepaid meters through unofficial channels.

In a statement issued by the company’s management on Monday, YEDC described the claim as false and urged customers to disregard the misleading information, stressing that it did not originate from the company.
According to the statement, YEDC does not offer bonus electricity units through individuals, agents, personal bank accounts, phone numbers, or social media contacts.
The company advised customers to purchase electricity tokens only through approved cashless payment platforms, including the YEDC Pay App, OPay, Interswitch, and other authorised vending channels, or to visit the nearest YEDC office for assistance.
YEDC also cautioned customers against sharing their meter details or personal information, or making payments to unauthorised persons claiming to represent the company.
The company further urged customers to rely exclusively on information disseminated through its official communication channels to avoid falling victim to fraud.
The management thanked customers for their continued cooperation and reaffirmed its commitment to serving them.
News3 days agoYEDC Warns Customers, Says 20 Percent Electricity Bonus is Scam
News3 days agoPFIPC Probe: Dollar, Pounds Accounts of Fake Agency Inactive – CBN
Broadcasting3 days agoNBC, INEC, Plan Joint Broadcast Monitoring Framework ahead of 2027 Elections
News3 days agoSTEM Africa Fest to Nurture Nigeria’s Future Innovators
E-Business3 days agoJumia Nigeria Expands Flexible Payment Options with Klump Partnership
E-Financial3 days agoNo Going Back on July 31 Deadline for Insurance Firms’ Recapitalisation – NAICOM
E-Business3 days agoLagos Unveils N10m Single-digit Loan Scheme for MSMEs
E-Financial3 days agoCourt Affirms FCCPC’s Power to Regulate Digital Lending




















