News
Hafol’s Partners Showcase Tech Innovations for Reduced Capex

New technological innovations that offer cost-effectiveness in the areas of reduced capital expenditure (CAPEX) and operational expenditure (OPEX) for businesses and organisations in Nigeria have been showcased at a customer forum engagement organised in Lagos.
Organised by Hafol Resources Limited, an indigenous Information and Communication Technology (ICT) and managed service solution company, the forum was specifically designed to discuss cutting-edge technological innovations, which Hafol and its various business partners and original equipment manufacturers (OEMs) can deploy for their clients.
Hafol is one of the subsidiaries of TopTech Engineering Limited, a one-stop shop for all ICT requirements for businesses and other organisations in Nigeria and beyond.
At the forum, partners/OEMs presented the latest innovations in ICT products cutting across ConvergeIT solutions by Siemon; SofGen core banking solution; high-security locking solutions by Abloy; Telergon’s lighting solutions as well as innovative solutions from other OEMs such as Westcon Comsteor.
Meanwhile, the representative of Siemon, Mr. Jide Olagbenro; Country Manager, West Africa, Abloy, Mr. Nkechi Uyanna; Export Area Manager, Telergon, Mr. Jose Perez; Vice President, East and West Africa, SofGen, Mr. Adam Uyaga, among others, during their presentations, commended Hafol for being a reliable partner in deploying cost-effective IT solutions for businesses.
During his presentation on ‘The Path to Smarter, Greener Building’, he said that Siemon ConvergeIT has positioned itself, working with Hafol to unleash intelligent building solutions to the Nigerian market.
According to him, today’s buildings are infused with communication systems that make them move towards internet protocol (IP) convergence through Power over Ethernet (PoE) described as any of several standardized or ad-hoc systems which pass electric power along with data on twisted pair Ethernet cabling.
On his part, Mr. Adam Uyaga, vice president, East and West Africa, SofGen, encouraged banks in the region to adopt end-to-end banking IT services, both in and around core systems, ranging from requirements analysis and system selection to implementation and beyond, as part of measures to stay ahead of competition.
Uyaga said that technology is the primary means to reach about 70% unbanked Africans, adding that banking and other financial institutions can leverage on the potentials through digital lending: integrated solutions such as online banking, and other sensitive solutions for risks management- like credit lending, collection solution.
All the partners and OEMs at the event said they would deepen their business partnership with Hafol towards ensuring that end-users get Capex and Opex savings.
Mr. Bode Oyesina, managing director, Hafol Resources, explained that the company has transformed into a more vibrant and innovative company, by working with partners and OEMs towards developing solutions that meet the demands of end users.
“The reason behind this forum is to see how we can m get more from investment that clients have made over the years in ICT infrastructure in various organisation.
“As a company, we are involved in managed services in its various categories. We have implemented various IT projects of different budgets and at different levels for organisations; we are also involved in providing technical training, supply of hardware and IT security, among others and we will continue to work with various partners to see how we can deliver more values for businesses,” he said.
In his contribution, Mr. Deji Adeniyi, executive director, TopTech, said, “In the current economic recession in Nigeria, organisations should begin to look at their overheads and other options where their non-critical functions are outsourced to cut cost and this is where Hafol and its partners come in.”
Adeniyi stressed the importance of partnering with Hafol Resources, especially in the ICT solutions and managed services.
“Outsourcing is becoming the in-thing in today’s business and that one of the ways businesses can survive the ongoing recession in Nigeria and Hafol is fully positioned to assist in this area.”
The quality panel session organised and anchored by Hafol Deputy Managing Director, Mr. Oriade Fashoyin, beamed a searchlight on issues on how businesses can survive in the current economic situation by deploying innovative technologies that offer cost-efficiency for businesses.
The panelists, consisting of the Chief Executive Officer of Precise Financial System (PFS), Mr. Yele Okeremi, alongside all Hafol partners, emphasised the need for businesses for businesses to have effective succession plan that guarantees their existence for many years into the future, delivering value to the economy, among others.
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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