News
IBM Earmarks N9bn for Youth Empowerment in Nigeria, Others

The International Business Machines Corporation (IBM) is to spend 25 million dollars (about N9 billion) in Nigeria and some other African countries for youth empowerment in the next few years.
Ms Deborah Magid, Empowerment for Nigerian youths Director, IBM Venture Capital Group, stated this at the 21st Century Women and Youth in Innovation Technology themed ‘Turning Promises into Action’ held at the UN headquarters in New York.
The event, organised by Silicon-Valley-Nigeria Economic Development in collaboration with Global Connection for Women Foundation and UN Women, aimed to deepening participation in developmental programmes and technology for sustainable growth.
Magid, who is Director of Software Strategy and represents IBM’s $25 billion software business in Venture Capital Group, said Nigeria is one of the strategic countries for IBM in Africa.
“We are going to spend $25 million just on education for youth to help them have the right skills training for jobs in the future,” she said. Magid said $25 million investment is just for the youth, and did not include the other IBM’s investment in Nigeria and the region.
According to her, the American multinational information technology company also supports universities to fund research and develop curriculum, including making free software and computers for universities.
“We do have programmes in Nigeria. We have fairly large office in Lagos and smaller office in Abuja and we have a lot of clients in Nigeria and we work throughout West Africa from these offices.
“We have about 120 employees in those offices in Nigerian they do all kinds of work – they work with customers, they do services, they develop technology and they also work with the universities, some of the government ministries.”
Founder/CEO Global Connection for Women, Dr. Lilian Ajayi-Ore, stressed the need for global technology giants to invest in manpower development in Nigeria and across Africa.
“I think the biggest area for these companies to invest is manpower if they intend to reap, and I will speak for Nigeria and part of Africa.
We are an English country, so in terms of resources, this is an opportunity to employ more of the manpower and it will be cheaper to employ these manpower rather than bringing them from America.
“So I think the Return on Investment for these organisation is that it’s cheaper for them to employ in manpower in Nigeria and other African countries than all the other alternatives.
“We have manpower in Nigeria and there is limitless opportunities to extend your business to help reach out to communities and to help your company have the global stretch,” she said.
Other speakers at the event were Dr Brenda Akpan, Head of Department, Theatre and Media Studies, University of Calabar; Ms Jennifer Neumaier, Head of LinkedIn Learning Solutions; and Dr Judy Kuriansky from UN Department of Public Information.
The conference was held to meet the mandate of the UN Sustainable Development Goals by 2030, and the speakers stressed the need to advance the course of youth and women in innovation and technology.
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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