E-Business
Get Smart, Go Local

There is little doubt that utilities today face a major challenge in maintaining sustained access to energy and in safeguarding its long-term delivery to consumers.
It is also indisputable that Nigeria needs to improve on its installed electricity generation capacity.
In light of this inescapable reality, it is encouraging to see that the Federal Government has a definite roadmap that will help it achieve its aggressive target of 40,000MW-installed capacity by 2020
The challenges also provide us with great opportunities of leapfrogging obsolete technologies and leveraging on smart and modern technologies on our way to achieving energy security.
Such technologies could very successfully be adapted to drive progress across the entire country.
The Nigerian Utility sector is at a point where the need to roll-out smart meters is inevitable in other for each distributing and generating operators within the country to capitalize on the full revenue potential
Transmission, Generating & Distribution operators (TGDO), whose responsibility is to ensure the safe, secure, reliable flow of power to consumers, will face many challenges as the grid gets linked to a growing number of private and localized energy networks.
To overcome these difficulties and successfully manage the integration of new technologies onto the grid, energy retailers will rely on smart grid technology, and on the network management systems that will allow them to balance demand and supply more effectively.
An Intelligent Grid
As dynamic, intricately connected webs, utility networks present unique engineering and safety challenges that make them particularly complex to manage.
To facilitate the move towards localised power generation and help support the accelerating adoption of renewable energy sources, power operators will need to adapt their network infrastructure and IT resources to keep networks running smoothly even as new energy sources are added to them.
For energy utilities, the key to modernizing their network management systems lies in the data they will collect and analyse from the smart grid.
This will include not only consolidating the vast amount of information that next generation grids will provide them, but also quickly converting this into valuable network insight.
With the heightened awareness of network behaviour they will gain with the smart grid, operators can then take a more proactive approach to managing energy flow and deliver a more stable and reliable service to their customers.
Applied to localised power generation sites, this means that the grid can provide utilities with data-driven insight into network behaviour that will allow them to accommodate flow disruptions caused once these new energy sources are added to the grid.
To add to this, data analytics tools can help energy retailers optimise distribution to keep wastage to an absolute minimum.
Putting Data To Good Use
As the smart grid roll out takes form, utilities will begin collecting and analysing information from a growing number of data points to better understand how voltage is being distributed throughout their networks.
Modern network management systems can help utilities make the most of the information they collect from charging stations by allowing them to automatically adapt demand response to network conditions in near real-time.
With the ability to automatically balance power supply and demand in the grid, utilities will be able to tailor their energy distribution strategy to match real-world network behaviour, and open the door to new levels of power efficiency Nigeria badly needs.
Once they can redirect flow as required in this way, energy retailers can drastically reduce the risk of localised overloading or outages.
This level of control will help utilities avoid overburdening transformers to the point of failure, and preclude the significant damage to network assets that these malfunctions can cause.
Ultimately, network management systems will allow energy utilities to unite complex processes across the grid to optimise load distribution, which will in turn help them accommodate the addition of major new energy sources such as localised generation centres and renewables.
These solutions can also provide utilities with continuous updates on the status of their network assets, and therefore give them a valuable head-start on crucial maintenance and repair works.
Making A Meaningful Change
An intelligent energy management strategy will be vital for our Distributing and Generating operators as they work to achieve this.
The data analytics tools and cutting-edge IT applications that support their smart grid operations will help them make sure technologies integrate seamlessly with the national power infrastructure and provide the public with a meaningful and reliable energy supply.
adebayo sanni, country managing director, Oracle Nigeria
E-Business
NITDA, CISCO Empower Youth with Digital Skills

Fifty selected young unemployed Nigerians have completed a four-week intensive digital skills bootcamp under the Digital Literacy for All (DL4ALL) initiative, gaining practical training in Data Science, Artificial Intelligence (AI), and IT Essentials.
The programme, a collaborative effort between the National Information Technology Development Agency (NITDA) and Cisco, was hosted at NITDA’s South West Zonal Office in Victoria Island, Lagos.
Speaking on behalf of the Director General of NITDA, Kashifu Inuwa , the Head of the South West Zonal Office, Mrs. Chioma Okee-Agugwo, described the initiative as a vital component of Nigeria’s digital future. “This is not just a closing ceremony. It is the launchpad for new journeys—anchored in digital knowledge and powered by innovation,” she remarked.
According to the Director General, the initiative is rooted in NITDA’s Strategic Roadmap and Action Plan (SRAP 2.0) and reflects key focus areas including Digital Literacy, Emerging Technologies, and Youth Empowerment. It also aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which seeks to accelerate economic diversification through digitisation, innovation, and skills development.
Inuwa noted that the DL4ALL initiative forms part of Nigeria’s broader commitment to digital inclusion—ensuring that no one is left behind in the evolving digital economy. It also supports the ambitious goal of achieving 70% digital literacy by 2027, championed by the Honourable Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani. This national vision aims to equip millions of Nigerians with the skills required to thrive in a tech-driven world.
He further emphasized the importance of empowering youth with globally relevant skills. “They are no longer just consumers of technology. They are creators, innovators, and future employers,” he said.
The NITDA boss explained that throughout the bootcamp, participants engaged in hands-on learning experiences designed to build both technical proficiency and digital leadership capabilities.
“This is only the beginning,” he stated. “Through our zonal strategy, we are bringing innovation closer to local communities. This is how we democratise access and unlock Nigeria’s full digital potential.”
Inuwa expressed appreciation to Cisco for delivering high-impact training and called on stakeholders to continue investing in partnerships, people, and platforms that drive digital inclusion.
He asserted that the newly certified participants are now equipped to contribute meaningfully to Nigeria’s digital economy—armed with the skills to build solutions, secure infrastructure, and launch tech ventures that solve real-world problems.
At the end of the bootcamp, participants demonstrated their knowledge through impressive presentations that showcased the integration of skills acquired across Data Science, AI, and IT Essentials. Many spoke passionately about how the programme had expanded their technical competence and sparked a drive to create job opportunities—not only for themselves but also for others—as entrepreneurs and digital solution providers in their communities.
E-Business
Cyberattack Could Cost it Up to $400m – Coinbase

Coinbase forecast a hit of between $180m and $400m from a cyberattack that breached account data of a “small subset” of its customers, the crypto exchange said in a regulatory filing on Thursday.
The company received an anonymous email on May 11, claiming to have information about certain customer accounts as well as internal documents.
While some data — including names, addresses and emails — was stolen, the hackers did not get access to login credentials or passwords, Coinbase said.
Still, it will reimburse customers who were tricked into sending funds to the attackers.
Hackers had paid multiple contractors and employees working in support roles outside the US to collect information.
The company has fired those involved, it said.
Separately, the New York Times reported that the US Securities and Exchange Commission (SEC) was investigating whether the company had misstated its user numbers.
Coinbase shares extended losses after the report and were last down 6.5%.
“This is a hold-over investigation from the prior administration about a metric we stopped reporting two-and-a-half years ago, which was fully disclosed to the public,” said Paul Grewal, Coinbase’s chief legal officer.
“While we strongly believe this investigation should not continue, we remain committed to working with the SEC to bring this matter to a close.”
The SEC declined to comment.
The latest developments come days before the company is set to join the benchmark S&P 500 index, casting a shadow over what was expected to be a landmark moment for the crypto industry.
Security remains a challenge for the crypto industry despite its growing mainstream acceptance.
In February, Bybit disclosed a hack in which about $1.5bn worth of digital tokens were stolen — widely described the biggest crypto heist ever.
“The cyberattack may push the industry to adopt stricter employee vetting and introduce some reputational risks,” said Bo Pei, an analyst at US Tiger Securities.
Funds stolen by hacking crypto platforms amounted to $2.2bn in 2024, according to a report from Chainalysis, a US-based blockchain analysis firm.
“As our nascent industry grows rapidly, it draws the eye of bad actors, who are becoming increasingly sophisticated in the scope of their attacks,” said Nick Jones, founder of crypto firm Zumo.
Coinbase has refused to pay a ransom of $20m demanded by the attackers and is working with law enforcement agencies. Instead it has established a $20m reward for information on the hackers.
The company is also opening a new support hub in the US and taking other measures to prevent such cyberattacks, it said.
E-Business
Q1 2025 .ng Domain Name Statistics Reflect Nigeria’s Advancing Digital Landscape

The Nigeria Internet Registration Association (NiRA) presents its report on .ng domain name registration and renewal statistics for the first quarter of 2025, highlighting the continued expansion of Nigeria’s digital footprint. The data underscores a consistent and significant adoption of the nation’s Country Code Top-Level Domain (ccTLD), reinforcing its pivotal role in the burgeoning Nigerian digital economy.
During the period spanning January to March 2025, a total of 40,791 .ng domain names were recorded. This figure comprises 22,236 new registrations and 18,555 renewals, indicating a healthy balance between the acquisition of new digital identities and the sustained commitment of existing domain name holders to their online presence.
Analysis of the registration trends within the quarter reveals a notable upward trajectory, with a 13.92% increase in domain name registrations observed between February and March 2025.
This growth signifies an increasing recognition of the importance of a localized online identity by a diverse range of stakeholders, including individuals, startups, Small and Medium-sized Enterprises (SMEs), and larger organizations.
Notably, the .com.ng extension continues to be the dominant choice, accounting for over 60% of both new registrations and renewals. This reaffirms its status as the preferred domain name extension for Nigerian businesses seeking to establish a credible and locally relevant online brand presence while maintaining global accessibility. The sustained popularity of .com.ng underscores its perceived value among Nigerian entrepreneurs and enterprises seeking to secure their digital real estate.
This upward trajectory isn’t happening by chance. The Nigeria Internet Registration Association (NiRA) has remained intentional in its drive for digital inclusion and domain adoption. Through public education, training via the .ng Academy, outreach campaigns, and partnerships with stakeholders across the tech ecosystem, NiRA has consistently advocated for the importance of owning a local domain. The current standing of .ng as the second most registered ccTLD in Africa reflects the efficacy of these efforts.
Digital adoption in Nigeria is no longer just about being online—it’s about owning your digital identity. And with a .ng domain, Nigerians are better positioned to assert that identity, connect with local and international audiences, and gain better control over their digital footprints.
As we look toward the rest of 2025, the Q1 results serve as a strong signal: more people are embracing the digital future, and the .ng domain is increasingly becoming their first step.
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