E-Business
Fraud Detection & Prevention Market Values Nears $33.19Bn

The value of fraud detection and prevention market is estimated to grow from USD 14.36 Billion in 2016 to USD 33.19 Billion by 2021, at an estimated CAGR of 18.2%.
The FDP solution provide strong defense against fraudulent activities and properly safeguarded from internal and external threats.
As the frequency of sophisticated fraud attacks on enterprises is growing, the market is expected to gain traction in the next five years.
The major vendors, according to the report released by MarketsandMarkets, in the FDP market include IBM Corporation (U.S.), Oracle Corporation (U.S.), FICO (Brazil), SAS Institute Inc. (U.S.), SAP SE (Germany), CSC (U.S.), BAE Systems (U.K.), ACI worldwide (U.S.)
Rise in online business and electronic transactions is driving the FDP market
The major forces driving the FDP market are increasing online businesses and electronic transactions among organizations and financial institutes, which increase the frequency of fraudulent attacks.
As the businesses are growing, new and sophisticated frauds are created everyday which has put company and individuals critical data at risk.
This has encouraged banking & financial institutes and organizations to deploy FDP solutions to safeguard their accounts, endpoints, and networks against potential fraud-attacks.
Fraud analytics & authentication solution to play a key role in the FDP market
Authentication solution is expected to have the largest market share and dominate the FDP market from 2016 to 2021, due to growing demand for FDP solutions.
Fraud analytics solution is expected to play a key role in changing the FDP landscape and will grow at the highest growth rate during the forecast period as number of frauds in organizations will continue to grow.
Banking, Financial Services, and Insurance (BFSI) vertical contributes maximum market share
Banking, Financial Services, and Insurance (BFSI) is expected to contribute largest market share in FDP market.
The retail sector is expected to grow with the highest rate from 2016 to 2021, in the FDP market. The market is also projected to witness growth in telecommunication and government/public sector during the forecast period.
North America is expected to have the largest market share and dominate the FDP market from 2016 to 2021, due to the presence of large number of FDP vendors across these regions. APAC offers potential growth opportunities in FDP solutions, as there is a wide presence of SMEs that are turning towards effective FDP solutions to defend against potential frauds.
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.
Broadcasting3 days agoFG to Gift Nigerians over 100 Free TV Channels from May 15
E-Financial3 days agoCBN Dismisses Polaris Bank Liquidation Claim
E-Financial3 days agoAfDB Okays $200m for Nigeria’s Digital Backbone, Others
General News3 days agoFG New Approves Biometric Passenger Verification System for Airports Security
E-Financial3 days agoNigeria’s Growth under Threat as Poverty Deepens, World Bank Warns
General News3 days agoBreaking Barriers: Cassava Technologies Expands Digital Access Across Africa
E-Business3 days agoNESREA, ACMTI, Others Launch Carbon Utilisation Initiative in Nigeria
News3 days agoExperts Reveal a Steady Decline of High-severity Incidents Over the Years













