General News
Fibre Optics Reduces Latency to 30% –Obioha

Phillip Obioha is the chief operating officer of Computer Warehouse Group and managing director of DCC Networks, Communications subsidiary of the group. He studied Electrical Electronic with options in Digital Electronics in the United States before coming to Nigeria. In his over two decades experience in Information and communications Technology industry, he worked with Inlaks as the Engineering Services manager and worked briefly with Spring Bank before joining CWG. He spoke to chike onwuegbuchi on how the plans of the group to revolutionize service delivery in the industry.
Zero Downtime in Banks
Yes, there can be zero downtime. As you are aware, anything that is of electronic component can go down at any point in time. The main issue is what is your response time and do you have a fault tolerance system around it? Again, the system we are building now, the MPLS network, is part of the advantages. When fibre is available, we will provide terrestrial connectivity to the site, then back it up with satellite so that if one goes down, the other would go up. The terrestrial network we are giving out is going to come with what we call traffic engineering. The whole idea is that if a fibre from a particular network gets cut, your network is up and running and for some we are going to have the satellite that was there to be a backup. By the time we finished the traffic engineering on our MPLS network, we will have zero downtime, because if one goes down, you have an alternative that will keep your network running. That is what we call a fault tolerant network and that is what we are building. We have 99.7 percent uptime on our networks but for anything that is electronically based, it has to go down at one point in time and that is why you have to build a fault tolerant system so that you can get zero percent downtime.
Affordability
We understand what the corporate environment is asking for, and what they are asking for is zero downtime systems and that is what we will give them. We would try to do that at a cost effective rate so we should be able to deliver this service to them at the same price they are already paying. It is something we have to make sure that they get.
Customer Support Services
You need to have a service desk, software driven tool where you have a number that people can reach you on when there is a problem. When they call, somebody picks the call, log it into the system and then from there try to solve the problem at the Network Operating Centre (NOC) immediately. If they do not fix it within a certain period of time, for instance 20 to 30 minutes, then a field engineer is dispatched. We have regional support offices so if you are to respond to a call from Sokoto, you do not start from Lagos here. We have a regional office up north where somebody would respond so that. We have Service Level Agreements (SLAs) signed with people and the SLAs says that if there is a problem, I must be there within a certain time and I must fix your fault within a certain time we adhere strictly to this. We have built up a service organization that makes sure we keep to those SLAs that we have signed, so it is managed that way. It is not that somebody calls you and if the SLA is two hours, you cannot be there in four or five hours. You have to create a service organization to make sure the service centre makes sure the SLAs are met by having regional support centres. If the problem is not solved remotely from the Network Operating Centre, an engineer is dispatched from wherever depending on where the fault is so that he can be there on time to meet up with the SLAs.
DCC Unique Value Proposition
The first thing that distinguishes DCC Networks, I would say is people. We have very dedicated staff because our environment and business is one that uses people. Our greatest assets are our staff. Of course we have tools, we have five satellite hubs and we made the investment so that we will be able to deliver services to corporates. We are focused on corporates and we made the correct investments to be able to deliver those services. We are not running up from hubs, there are some companies running from hubs abroad or sharing hubs with other people. We are a Nigerian company and we have made the necessary investments. Beyond those investments and tools that you give people, we pride the people themselves as one of our greatest assets. They are highly motivated, they are well trained so that they will be empowered to go out there and do their jobs and do it well.
Managing Different Partners
We have what is called the Strategic Business Unit and in some of the companies they have what they call Product Champions. There we have people that interface with the OEMs, who manage the OEM relationships. We also have people who manage customer relationships from the other angle. The companies are different and they run independently.
Computer Warehouse Group
Computer Warehouse Group is an ICT Group that covers the whole spectrum of ICT- communications, hardware and software infrastructure. We have three different subsidiaries that focus on these areas. I will start with ExpertEdge Software Systems which is a software subsidiary of the Group. At ExpertEdge, we provide banking applications. Our flagship product is called Finacle, being run by about 11 banks and processes 60 percent of the total banking transactions in Nigeria because it runs in two largest banks of the 24 largest banks in the country, which are UBA and Fist Bank. Apart from that, ExpertEdge also implements SAP and Oracle and also provides enterprise security solution from Actimize. For Finacle, ExpertEdge has Infosys as partner. It also has SAP and Oracle as its partner and Actimize as partner for card applications. That is for the software angle.
The second one is the hardware infrastructure company, CWL Systems, which is where we started a long time ago in 1992 and is seen as a parent company, though we have a group name now. It is a hardware infrastructure company that provides hardware infrastructure right from the client, which is the desktop system to enterprise system. For the desktop, we mainly do Dell and for enterprise, we do Sun, IBM and HP but predominantly Sun Microsystems. We are a very strong partner to Sun. Beyond hardware infrastructure; we also do Automated Teller Machines (ATMs). We have deployed about 3,000 ATMs in Nigeria. We also provide storage solutions from EMC and NetApp.
The third company, which is the communications arm of the company, you know you need the hardware infrastructure and the software to run it and the equipment need to communicate with each other. The communications arm is called DCC Networks and was set up in 1998 as a Local Area Network (LAN) company before we went into enterprise networks using mainly satellite. We are very strong in satellite. We carry traffic for 21 out of the 24 banks on our satellite infrastructure. We also do systems integration mainly using Cisco products and we still do cabling and provide communications between sites or branches of banks using microwave technology. As for partners for DCC, we have Gilat Networks, we have Intelsat and others.
Agreement with Helios Towers
DCC is presently building a strong terrestrial network, I mean peerless network which is based on fibre at the backbone and the Wimax infrastructure for the last mile. That project is going on now and like I said we are strong in satellite, we are strong in the corporate environment. We provide services to banks, the manufacturing and the oil and gas. Satellite has its advantages and disadvantages. It is expensive and slow in terms of latency because of that, since fibre has become available, we went to NCC and we got the radio frequency license. With that, we are building terrestrial networks on which we are going to migrate our corporate customers to and then we will probably provide satellite as a back up. The advantage of fibre is the latency; it brings down the latency from 60 percent down under a few seconds to something less than 30 percent. We are also able to provide bigger pipes. Right now, everybody is talking about broadband; we would be talking about broadband in the true sense so that people would be able to do more. To build that infrastructure, we are partnering with Helios Towers, we are collocating our base stations which is why we had an agreement with Helios Towers. For the fibre, we are partnering with MTN, Multilinks and a couple of others.
Partnering with Underseas Cable Providers
The satellite we use is called VPN within a geographical area. We operate within the geographical area called Nigeria; we have nothing to do with the international gateway. We use fibre so that the connections can be more efficient. This is like a closed system- corporate connectivity so that banks’ applications, their SMS and emails would run through this network. For the international gateway, which is a pipe to the outside world, to the internet backbone, we have some services like paging that we provide based on some particular satellite infrastructure. If you want to connect them using fibre, terrestrial network, that is where SAT 3, MainOne, Glo 1, WACS come in. These pipes are bringing in connectivity to our international gateway. Now that MainOne has become available, what we are going to do is to complement the satellite because the internet we use in this office is from us but is coming in through satellite. Now that MainOne is available, we can also take it through MainOne and cut down on the latency because satellite has a higher latency. As part of the build up of our corporate connectivity, the next step is to distribute bandwidth to the masses, either through MainOne or Glo 1 to Nigerians. We are talking about broadband through those pipes; we are talking about making very high internet speed available through those pipes.
Group Vision
We want to become a Pan African company. Hopefully by next year, we should become a public company. We want to become a Pan African company with branches in many African countries. We already have a full fledged office in Ghana, we just opened an office in Uganda which will be officially opened next month but the office is open and running. We hope to go to many other African countries and eventually we would like to be listed on the London Stock Exchange.
General News
FG Says It May Reject World Bank Loans over Delays

Dr Shamseldeen Ogunjimi, accountant-general of the federation, has warned that the federal government may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to proceed with such arrangements.

The warning was contained in a press statement issued on Friday by Bawa Mokwa, director of press and public relations at the office of the accountant-general of the federation.
Ogunjimi, who spoke in Abuja during a courtesy visit by a World Bank delegation led by Mrs Treed Lane, stressed that Nigeria expects timely processing of funding requests, given that the facilities are loans and not grants.
He said, “If approvals take more than six months, the Nigerian Government may no longer honour such arrangements,” highlighting concerns over bureaucratic delays in accessing development financing.
The AGF noted that as a responsible borrower, Nigeria should not be subjected to prolonged approval processes that could affect project execution timelines and broader development objectives.
He therefore urged the World Bank to “expedite the approval and disbursement of project funds to Nigeria” to support the country’s priorities.
Ogunjimi emphasised that the loans carry repayment obligations, making it imperative that disbursement processes align with project schedules and fiscal planning frameworks.
He further disclosed that the Office of the Accountant-General of the Federation had begun addressing key issues raised earlier by the World Bank, particularly in public financial management and audit reporting.
According to him, the 2023 Audit Report would be submitted to the Office of the Auditor-General for the Federation within two weeks, while work on the 2024 and 2025 audit reports was already underway.
The AGF also assured the delegation that steps were being taken to resolve concerns around the digitalisation of the Government Integrated Financial Management Information System, noting that obsolete infrastructure was being replaced with modern technology to improve efficiency and service delivery.
He said the reforms were part of broader efforts to strengthen transparency, accountability, and the overall public financial management system in Nigeria.
Earlier in her remarks, the World Bank delegation leader, congratulated Ogunjimi on his recent appointment as African chairman of the Association of Accountants-General.
Lane also urged the Office of the Accountant-General to sustain its digitalisation drive and ensure the timely presentation of financial statements to the Auditor-General, noting that such measures were critical to achieving seamless public financial management processes.
The World Bank earlier explained why about six loans worth $2bn, signed for Nigeria in 2024, are yet to be disbursed nearly a year after the bank’s approval.
This came amid recent reports that the World Bank approved a total of $8.40bn (N12.89tn) in fresh loans to the country over the past two years, based on data from the bank’s official website.
General News
AfDB Approves $61m Package to Boost Women-led Businesses in Nigeria

The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) to expand access to affordable credit for women-owned and women-led businesses across Nigeria, particularly in the agricultural sector.

The financing comprises three instruments: a $50 million gender-focused line of credit; an $8 million concessional facility under the Agri-Food SME Catalytic Financing Mechanism (ACFM); and a $3 million grant under the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative, funded by the Women Entrepreneurs Finance Initiative (We-Fi).
This package demonstrates the Bank’s commitment to private sector-led growth by combining long-term financing, concessional resources, partial credit guarantees, and capacity-building support. It will be chanelled through DBN’s network of participating financial institutions to strengthen MSME lending and advance Nigeria’s inclusive economic transformation, particularly through women entrepreneurship and agricultural development.
A defining feature of this operation is its strong gender focus, with more than 95 percent of the total financing earmarked for WSMEs. This targeted approach aligns with the objectives of AFAWA and ACFM and the Bank’s broader commitment to narrowing the gender financing gap in Africa. The performance-based incentives under the AFAWA programme are expected to expand the number of eligible women-owned enterprises while increasing the share of women-focused lending within DBN’s MSME portfolio.
Commenting on the approval, Dr Abdul Kamara, Director General of the African Development Bank Group Nigeria Country Office, said: “Women entrepreneurs are one of Nigeria’s greatest economic assets and one of its most underleveraged. This operation reflects the African Development Bank’s commitment to unlocking economic opportunities for women.
“By working through DBN to reach women-owned businesses in agriculture, clean energy, healthcare, and beyond, we are not just expanding access to credit; the Bank is investing in the engine of Nigeria’s inclusive economic transformation.”
The approval further deepens a longstanding partnership between the African Development Bank and the Development Bank of Nigeria, dating back to the AfDB’s role in DBN’s establishment through start-up equity, long-term financing, and governance support, alongside the Federal Government of Nigeria and other development partners.
The operation aligns with the African Development Bank’s Four Cardinal Points framework, particularly the pillar on harnessing demographic transformation for economic development, as well as the Bank’s Ten-Year Strategy (2024-2033), which prioritises inclusive growth, private sector development, and gender equality.
It also supports Nigeria’s Country Strategy Paper (2025–2030), which emphasizes gender- and youth-inclusive green growth, and complements national priorities on entrepreneurship, inclusive development, and women’s economic empowerment.
General News
NRS Extends Saturday Tax Office Operations Nationwide Ahead of Rev360 Rollout

The Nigeria Revenue Service (NRS) has announced the extension of weekend tax office operations across the country as part of preparations for the rollout of the Rev360 Phase I Tax Administration System.

In a public notice issued in Abuja on May 7, the Service stated that all Emerging, Medium, Large, and Government Business Offices nationwide will now open on Saturdays from May 8 to June 27, 2026.
According to the notice, the offices will operate between 10:00 a.m. and 3:00 p.m.
The NRS explained that the initiative is aimed at providing additional taxpayer support and improving service delivery during the implementation of the new tax administration platform for Medium and Emerging Taxpayer segments.
The Service noted that the extended Saturday operations are designed to assist taxpayers requiring guidance with the new system, facilitate seamless compliance during the June peak Companies Income Tax filing period, and improve access to tax services outside regular weekday hours.
It encouraged taxpayers to take advantage of the initiative to resolve tax-related matters, seek necessary guidance, and ensure timely compliance with their tax obligations.
“The NRS remains dedicated to delivering efficient, transparent, and taxpayer-focused services,” the statement read.
The notice was signed by Zacch Adedeji, PhD, Executive Chairman of the Nigeria Revenue Service. “You say Transformation, We say Rev360.”
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