E-Business
FG Inaugurates Nigeria’s First Education Research Network

Federal Government has commissioned the first Nigerian Research and Education Network (NgREN), a collaboration between the Federal Ministry of Education, The World Bank and the Federal Ministry of Communication Technology.
President Goodluck Ebele Jonathan who commissioned the NgREN disclosed that the NgREN is a World Bank-assisted project that will create an effective infrastructural backbone to interconnect all research and education institutions in the country and link them with other Research and Education Networks worldwide.
He stressed that the NgREN is aimed at ensuring a seamless knowledge flow between Nigerian Educational institutions and their counterparts around the world. President Jonathan who was represented by Barrister Eyesom Wike, minister of State for Education-also emphasized that the project is expected to drive down the exorbitant costs of bandwidth while at the same time increasing the capacity of the network members to deliver world class teaching and research services.
President Jonathan stressed that the FG is committed to fully revamping the educational sector to make Nigeria a reference point globally. He added that in line with FG’s transformational agenda, the educational system is being transformed through effective partnerships for maximum impact.
President Jonathan stressed the importance of ICT for enabling transformational development and disclosed that the ICT sector in Nigeria now contributes almost 9% to Nigeria’s GDP.
Dr Omobola Johnson, minister of Communication Technology, in her remarks described the commissioning of the NgREN as a ‘’significant milestone’’.
She said that that 27 Federal Universities have been connected to the NgREN through the World Bank STEP B fund.
Johnson emphasized that the expected outcome of the NgREN is the facilitation of bi-directional communication for the purpose of sharing resources and content and the facilitation of research amongst benefitting institutions.
Reiterating that in the world of ICT content is king-Johnson urged the NUC, CVC and other stakeholders in the NgREN to ensure that the NgREN has quality content.
‘’I am encouraging the NUC, CVC and other stakeholders in the NgREN to ensure that we have quality content on the NgREN that will be the envy of other nations. If we do not it will be like building a power station, evacuating power to the grid but not bothering to turn on the light switch’’.
Johnson also disclosed that the Universal Services Provision Fund through the University Inter Campus Connectivity Project (UnICC) is now working to expand the NgREN.
The first phase of the UNICC project involves the deployment of approximately 290 km of fibre optic cable to connect 16 of the Federal Universities with their corresponding Medical College/Teaching Hospitals. This phase will be commissioned before the end of this year.
The second phase of the UnICC project, involves the deployment of relevant electronic components and end user devices in each of the benefitting universities to enable voice, data, video, and other multimedia services to be achieved both intra-university and inter-universities.
Dr Johnson disclosed that the Ministry is also collaborating with the Nigerian Universities Commission NUC on the Student Computer Ownership Scheme.
The scheme is also a collaboration between commercial banks, indigenous equipment manufacturers and the NUC to ensure that every Nigerian student in a tertiary institution owns a computer in addition to having access to computing facilities in a shared computer labs.
The commissioning of the NgREN was graced by members of the members of the National Assembly, members of the Federal Executive Council, Board members and CEOs of Parastatals and extra ministerial departments, members of the diplomatic corps, captains of Industry, vice chancellors of Nigerian universities and other stakeholders in the ICT and education sector.
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.
E-Business3 days agoAnthropic Raises $65 Bn to Expand AI Research, Innovation
Telecom3 days agoTelcos Mull Calculator to Address Data Depletion Complaints
General News3 days agoNCDC Says Lagos, FCT, Others on High Ebola Alert
Telecom2 days agoNCC Expands IPv6 Board with the Appointment of Olusola Teniola, Funke Opeke Others
E-Financial2 days agoNigerian Capital Market to Transition to T+1 Settlement Cycle on Monday
E-Business2 days agoReport Shows Start-ups Fuel Innovations in Africa
E-Business2 days agoNDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections
Telecom2 days agoQNET, Manchester City Host Football Clinic for Young Talents in Ghana















