General News
IBM Launches Watsonx to Power Next-Generation AI Foundation Models for Businesses

IBM has announced IBM watsonx, a new AI and data platform that will enable enterprises to scale and accelerate the impact of the most advanced AI with trusted data. Enterprises turning to AI today need access to a full technology stack that enables them to train, tune and deploy AI models, including foundation models and machine learning capabilities, across their organization with trusted data, speed, and governance – all in one place and to run across any cloud environment.

The company has also announced further planned advancements, including a GPU-as-a-service infrastructure offering designed to support AI-intensive workloads, an AI-powered dashboard to measure, track, manage, and help report on cloud carbon emissions, and a new practice for watsonx and generative AI from IBM Consulting that will support client deployment of AI.
With watsonx, IBM is offering an AI development studio with access to IBM-curated and trained foundation models and open-source models, access to a data store to enable the gathering and cleansing of training and tuning data, and a toolkit for the governance of AI into the hands of businesses that will provide a seamless end-to-end AI workflow that will make AI easier to adapt and scale.
“With the development of foundation models, AI for business is more powerful than ever,” said Arvind Krishna, IBM Chairman and CEO. “Foundation models make deploying AI significantly more scalable, affordable, and efficient. We built IBM watsonx for the needs of enterprises, so that clients can be more than just users, they can become AI advantaged. With IBM watsonx, clients can quickly train and deploy custom AI capabilities across their entire business, all while retaining full control of their data.”
“With the launch of the African Continental Free Trade Area (AfCTA), African organizations are seizing the opportunities and are increasingly looking to be in multiple markets,” said Julia Carvalho, General Manager of IBM Africa Growth Markets.
“A scalable and trusted AI for business platform such as IBM watsonx can play a crucial role. It can ensure that regional bodies and governments create central trade information portals and cross-border payment infrastructure to help increase trade for inclusive and sustainable development in the region.”
Clients will have access to the toolset, technology, infrastructure, and consulting expertise to build their own — or fine-tune and adapt available AI models — on their own data and deploy them at scale in a more trustworthy and open environment to drive business success. Competitive differentiation and unique business value will be able to be increasingly derived from how adaptable an AI model can be to an enterprise’s unique data and domain knowledge.

The IBM watsonx platform consists of three unique product sets to address these needs:
IBM watsonx.ai: A next-generation enterprise studio, expected to be generally available in July 2023, for AI builders to train, test, tune, and deploy both traditional machine learning and new generative AI capabilities powered by foundation models through an open and intuitive user interface.
- The AI studio provides a range of foundation models, training and tuning tools, and cost-effective infrastructure that facilitate the entire data and AI lifecycle, from data preparation to model development, deployment, and monitoring.
- The studio also includes a foundation model library that gives users easy access to IBM curated and trained foundation models. The IBM foundation models use a large, curated set of enterprise data backed by a robust filtering and cleansing process and auditable data lineage. These models are being trained not just on language but on a variety of modalities, including code, time-series data, tabular data, geospatial data, and IT events data. An initial set of foundation models will be made available in beta tech preview to select clients. Examples of model categories include:
- fm.code: Models built to automatically generate code for developers through a natural-language interface to boost developer productivity and enable the automation of many IT tasks.
- fm.NLP: A collection of large language models (LLMs) for specific or industry-specific domains that utilize curated data where bias can be mitigated more easily and can be quickly customized using client data.
- fm.geospatial: Model built on climate and remote sensing data to help organizations understand and plan for changes in natural disaster patterns, biodiversity, land use, and other geophysical processes that could impact their businesses.
- As part of a new collaboration between IBM and Hugging Face, the watsonx.ai studio will build upon Hugging Face’s open-source libraries and offer thousands of Hugging Face open models and datasets. This is part of IBM’s commitment to delivering to clients an open ecosystem approach that allows them to leverage the best models and architecture for their unique business needs.
IBM watsonx.data: A fit-for-purpose data store built on open lakehouse architecture that is optimized for governed data and AI workloads, supported by querying, governance, and open data formats to access and share data. The solution is expected to be generally available in July 2023 and:
- The solution can manage workloads both on-premise and across multi-cloud environments.
- Through workload optimization, with this solution, an organization can reduce data warehouse costs by up to 50 percent.1
- Watsonx.data will allow users to access their increasingly robust data through a single point of entry while applying multiple fit-for-purpose query engines to uncover valuable insights.
- It will also provide built-in governance tools, automation and integrations with an organization’s existing databases and tools to simplify set-up and user experience.
IBM watsonx.governance: An AI governance toolkit to enable trusted AI workflows. The solution, expected to be generally available later this year:
- Operationalizes governance to help mitigate the risk, time and cost associated with manual processes and provides the documentation necessary to drive transparent and explainable outcomes.
- Provides the mechanisms to protect customer privacy, proactively detect model bias and drift, and help organizations meet their ethics standards.
With the watsonx platform, clients are enabled to meet the needs of their organization in five key areas of their business: interacting and conversing with customers and employees; automating business workflows and internal processes; automating IT processes; protecting against threats; and tackling sustainability goals.
IBM also plans to infuse watsonx.ai foundation models throughout all its major software products going forward, for example:
- Watson Code Assistant: A solution, expected later this year, that taps generative AI to allow developers to generate code with a straightforward English language command.
- AIOps Insights: AI Operations (AIOps) capabilities enhanced with foundation models expected for code and NLP to provide greater visibility into performance across IT environments, helping IT operations (ITOps) managers and Site Reliability Engineers (SREs) resolve incidents in a more expedient and cost-efficient way.
- Watson Assistant and Watson Orchestrate: IBM’s digital labor products are expected to be combined with an NLP foundation model to enable enhanced employee productivity and customer service experiences.
- Environmental Intelligence Suite: IBM EIS Builder Edition is planned to be enabled by the geospatial foundation model and available in preview later this year, allowing organizations to create tailored solutions that address and mitigate environmental risks based on their unique goals and needs.
Additionally, IBM has announced several additional offerings to help drive AI adoption, including:
- New GPU offering on IBM Cloud: Addressing the global need for foundation models, IBM is announcing new GPU offerings on IBM Cloud, an AI-tailored infrastructure designed to support enterprise compute-intensive workloads. Later this year, IBM is expected to offer full stack high-performance, flexible, AI-optimized infrastructure, delivered as a service on IBM Cloud, for both training and serving foundation models.
- IBM Consulting Center of Excellence for Generative AI: IBM Consulting announces a Center of Excellence for generative AI with over 1,000 generative AI experts and plans to build a watsonx-focused practice which will actively build and deploy watsonx for clients. IBM Consulting has completed dozens of client engagements infusing generative AI with IBM Watson and a portfolio of ecosystem partners through its proven IBM Garage method.
- IBM Cloud Carbon Calculator: An AI-informed dashboard to enable clients to measure, track, manage and help report their carbon emissions associated with their hybrid multi-cloud journey. Based on technology from IBM Research, IBM Cloud Carbon Calculator is expected to be generally available later this year. The dashboard complements IBM’s existing sustainability solutions with a comprehensive portfolio of technology and expertise, including the IBM Envizi ESG Suite, IBM Turbonomic, IBM Planning Analytics and IBM LinuxONE, that help organizations accelerate their sustainability and business objectives.
- New study revealing generative AI is among seven trends shaping business: A new report from the IBM Institute for Business Value, titled Seven Bets, shares seven trends impacting business today and describes the seven bets worth making to enhance their business, including insights on why businesses should adopt an “AI-first” mindset and how leaders can most effectively capitalize on AI’s opportunities now and in the future, as well as manage the enhanced risks across their organizations.
General News
Gozi-Anyaokei, Bank MD Arraigned over Alleged N19m, $30,000 Fraud

Abuja Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), has arraigned Blessing Gozi-Anyaokei, managing director, Viscount Microfinance Bank, over allegations of unlawful conversion of investment funds amounting to N19 million and $30,000.

Blessing Gozi-Anyaokei, managing director, Viscount Microfinance Bank
Gozi-Anyaokei was brought before Justice Y. Halilu of the Federal High Court, Maitama, Abuja, on a two-count charge bordering on alleged illegal conversion and obtaining money under false pretence.
According to a statement issued on Thursday by Dele Oyewale, EFCC spokesperson, the defendant allegedly received N19 million from one Ernest Terkula Jor in 2022 for investment purposes while serving as the Managing Director of the bank.
The anti-graft agency accused her of diverting the funds for personal use, contrary to the provisions of the Penal Code Act.
In the second charge, the EFCC alleged that she also received $30,000 from the same individual for investment purposes but dishonestly converted the money for her personal benefit.
The commission stated that the alleged offences contravene Section 311 of the Penal Code Act Cap 532, Laws of the Federation of Nigeria (Abuja) 1990, and are punishable under Section 312 of the same Act.
The defendant pleaded not guilty to the charges when they were read before the court.
Following her plea, prosecution counsel, S.N. Robert, requested a date for the commencement of trial.
Justice Halilu subsequently granted the defendant bail with two sureties who must possess landed property within Abuja.
The court also ordered her to surrender her travel documents and barred her from travelling outside the country without court approval.
The matter was adjourned until July 19, 2026, for commencement of trial.
General News
UK Reaffirms Development Partnership with Kano, Jigawa States

Ms. Cynthia Rowe, the Head of Development Cooperation at the British High Commission Abuja, has completed high-level engagements with Kano and Jigawa States, reaffirming the United Kingdom’s long-term commitment to development and reform in northern Nigeria.

The engagements with state governors, senior government officials and civil society leaders, underscored the UK’s modern approach to development as a genuine partnership with Nigeria. This approach prioritises state led ownership and sustainable development that delivers lasting impact through strengthening systems and partnerships grounded in investment, trade, climate financing, technical expertise and joint accountability.
Nigeria remains one of the United Kingdom’s most significant development partners, and the engagements underlined the strength and ambition of the bilateral relationship reaffirmed during the recent UK-Nigeria State Visit.
Kano State
In Kano, Head of Development Cooperation, Cynthia Rowe, met with Deputy Governor Alhaji Murtala Sule Garo and senior officials including the newly confirmed Head of Civil Service and Secretary to the State Government. The visit recognised Kano’s progress on climate finance, health system reform and private sector investment supported through UK technical assistance.
Jigawa State
In Jigawa, she met with Governor Umar Namadi and heads of key ministries, departments and agencies. The meeting celebrated more than 25 years of UK-Jigawa partnership, one of the most longstanding bilateral development relationships at the subnational level in Nigeria. Discussions covered the state’s continued progress on health systems reform, agriculture, and governance and the path forward under UK-technical assistance.
Since 2022, PLANE has supported Kano, Kaduna and Jigawa to strengthen state-led education delivery systems, working through Ministries of Education, SUBEB and key agencies. Its RANA+ foundational learning packages have reached 1.4 million pupils across the three states, alongside wider system strengthening.
At the end of the visit, the Head of Development Cooperation, Cynthia Rowe said: “For more than 25 years, we have worked side by side with state governments including Jigawa and Kano states, their communities, and civil society to build stronger health systems, improve learning outcomes for millions of children, support farmers to grow their businesses, and help states attract the investment they need to thrive.
These visits have reinforced our confidence in what this partnership can achieve. We are working together to deliver lasting change, and deepening a relationship built on genuine mutual respect and shared ambition for Nigeria’s growth and development.”
General News
FCMB, REA Others Launch $188M Fund to Finance 191mw Solar Capacity

The Green Finance Investment Facility (GFiF), a blended finance platform to mobilise large-scale private and institutional investment into distributed renewable energy infrastructure across Nigeria, has officially launched.

The facility, led by Barton Heyman Limited in partnership with the Rural Electrification Agency (REA), UK PACT, First City Monument Bank (FCMB), and ARMHIIL, aims to raise $188 million to finance 191 megawatts of distributed solar capacity for households, communities, and businesses across Nigeria.
The initiative also supports the Distributed Access through Renewable Energy Scale-Up (DARES) programme, a national effort to expand electricity access through decentralised renewable energy solutions.
Launched on May 7, 2026, in Lagos, the platform brought together financial institutions, renewable energy developers, policymakers, and development finance stakeholders. Its goal is to unlock financing solutions that accelerate energy access, reduce financing gaps, and support Nigeria’s transition to cleaner, more sustainable energy systems.
Speaking at the launch, the Managing Partner of Barton Heyman Limited, Olumide Lala, described the facility as a market-driven model capable of unlocking private capital at scale for Nigeria’s energy transition.
“The Green Finance Investment Facility is more than a financing arrangement; it represents direct support for over one million Nigerians. Nigeria’s distributed renewable energy sector can be financed using a private-sector framework that leverages sovereign pipelines, results-based funding, and commercial loans to attract private capital at the national level. This is our initial step to raise $40 billion to finance 20 gigawatts of distributed renewable energy,” he said.
Also speaking, Anthony Feyitimi, Senior Partner, Barton Heyman, said: “The Green Finance and Investment Facility is not simply about clean energy. It is about what reliable, distributed power makes possible for Nigeria’s economy. Every megawatt we finance is a business that can operate, a supply chain that can function, a community that can compete.
“We have structured a blended finance platform that brings together sovereign pipelines, results-based funding, and commercial capital into a single, replicable facility. The GFIF Pilot is our first $188 million step. The platform’s ambition is $40 billion and 20 gigawatts. We are building it from Nigeria, for Nigeria.”
The Managing Director of the REA, Abba Aliyu, said the initiative directly addresses one of the sector’s most pressing constraints — access to finance.
“The Green Finance Investment Facility can tackle access to finance, one of the main barriers to renewable energy deployment. Today’s launch is the outcome of a strategic partnership created to ensure communities lacking reliable power can access electricity. We are proud of what this facility signifies for Nigeria’s energy future,” he stated.
Speaking on behalf of FCMB, George Ogbonnaya, Senior Vice President and Divisional Head, Business Banking Group, highlighted the Bank’s expanding role in renewable energy financing and inclusive infrastructure development.
“FCMB has established itself as a leading renewable energy financing institution, serving as a first-time lender to many players driving growth in the sector. We have committed ₦100 billion in debt financing for DARES. Currently, we are funding over eight developers under the DARES isolated mini-grid Performance-Based Grant programme and finalising funding for another seven developers.
“We will continue to support developers in scaling and meeting electrification targets, improving quality of life in rural and peri-urban communities. This aligns strongly with our purpose of fostering sustainable growth within the communities we serve,” he said.
He further disclosed that FCMB has financed more than 42 mini-grid projects and is supporting efforts to connect over 2 million households, in line with Nigeria’s national electrification objectives.Nigerian politics analysis
Derek Chime, Chief Investment Officer at ARM Harith Infrastructure Investment Limited (ARMHIIL), called for deeper collaboration across the ecosystem to unlock more investment into renewable energy infrastructure.
Simon Field, Deputy Head of Mission at the British High Commission in Lagos, reaffirmed UK PACT’s commitment to strengthening green finance frameworks and expanding renewable energy adoption in Nigeria.
Titilayo Oshodi, Special Adviser on Climate Change and Circular Economy to the Governor of Lagos State, stressed the importance of coordinated investment, innovation, and policy support in accelerating sustainable energy access.
Nigeria continues to face significant challenges in electricity access, with millions of households and businesses lacking a reliable power supply. Stakeholders at the launch noted that initiatives like GFiF are critical to mobilising long-term capital, reducing investment risk, and accelerating the deployment of clean energy solutions to power communities nationwide.
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