General News
Indigenous Software Developers Lack Exposure – Emmanuel
Amos Emmanuel, chief software architect, Programos Software Limited, is a seasoned IT practitioner. His company is a leading indigenous software firm, a founding member of the Nigerian Software Development Initiative (NSDI).
Emmanuel has spearheaded the development the self-selling household capital market operations software use in over 100 stockbroking firms in Nigeria.
He spoke to Chike Onwuegbuchi and Emeka okafor.
Impact of IT on Stock broking
Before now, operation in the Nigerian Stock Exchange was typically manual, very cumbersome practice. Most accountants do very Herculean processes before they can get a whole day transaction through and with intervention and of course with the Integra development software the accountants rarely have duties to do more because we have used IT to almost take over most of these processes thereby creating the time for them to relax, not that we have used the software to take over their jobs but we have succeeded in taking redundant processes off their hands and make them to see the actual areas of their processes so that they can go home on time. That is one of the reasons why in the last 10 years Nigerian capital market has actually improved a lot more and became much deepened, in that they now can see a lot more to do than those that probably just conform with those that really require much time on them and that is why most of them are thinking of operating an online setting. Thinking of operating an online setting means that they are now able to bring all their remote business territories together. With software, they are able to operate in diverse business territories across and outside the country. And all these processes are plugged to one embassy and they are operating as one single corporate entity and this is made possible by IT. So before now you have branches that don’t even know what the head office is doing so you have a disconnect but with IT, you are able to bring all these branch expansions together and they are able to expand because they are sure they can expand in control not expanding in fears . Before now, when you record fraud once in any of your branches and record another, you wouldn’t want to continue and you will feel like closing down the business but now most of the dealers need more branches because you can’t actually be proud of branch you can’t control but through the help of a software product Nigerian brokers from time to time achieve this with safe and protected environment.
Online Forex Stock Broking
The online dealing is not forex as in foreign exchange and currency trading per se. The online framework for capital market has to do with the possibility of a typical investor being able to place his mandate or wanting to buy or sell an investment via the internet and also enabling the investor to view his account with the dealer and see the statement of account. As well as to know what the balance is and of course being able to do portfolio evaluation to know how his cost of investment has been over a period of time and what it could be in present time which will help him determine if his investment is gaining or losing .These are the kind of information anywhere in the world that investors want to know about their investment not just that they sold or bought and nobody monitors or provide information. But now, even the customer has the capability of getting the information at will which does not require him to visit a stock broker.
The broker is now able to offer transparent service to his customer. In view of fraud, he wouldn’t even want to think online in the first place. That is actually one of the ways this product has been able to create transparency and of course build in the trust that people need in the market before they can actually put their investment.
Strength of locally Made Software in investment space
Nigerians have a way of underestimating the capacity in Nigeria. I must say that the Nigerian software development capacity is great and in fact great to the extent that even foreign countries wish to know what we are doing and are even looking for what level of collaboration they can have among Nigerian developers.
Our problem in Nigeria is mainly exposure but we know what we are looking out for and with the kind of system design we put in place it will take a foreign option time to compete with it because they may not really understand what we are doing. It could be very difficult for a foreign option to come to Nigeria and want to play and bring their product alongside our own. Those foreign options don’t have support and capacity. They don’t have local content. Local content in our professional tradition and that is partly one of the reasons I think in Nigeria Programmos is a software with a local content. We actually have to go with what Nigerians require, what our official requirements and traditions are, and we build by those standards. If you are a foreign competitor you need to come down at that level to ensure that you also provide what I suits our system locally.
Success Development Academy Initiative
I personally don’t learn because there is an examination somewhere ahead of time but I have a project that requires development to accomplish. I am into pensions insurance; I am into science, medicine and so many other things just because I need to deliver a solution. So as an IT person that is total and versatile, you need to be everywhere because you are an application. IT in itself is a tool and that tool must be applied and to be applied you need the right tool of the profession on your palm. So, the idea of training has to do with linking people to the standard. The tools of software and computer are to be used in business process of what they do on daily basis. To make optimal use of the software one need to know and understand their work and when they are doing their work software will not do any magic or pre-empt what you think. Education is very important as people are made to do what they are supposed to do. Education is critical to us and one of the products Programmos also sells is that we do not joke with education.
In fact we run free management training for university graduates from the universities and we train them. Training improves the manpower development of companies. We also train on the executive level. We have training for the accountants, operations people, marketing people, customer service and quality improvement people.
Patronage of the investment software
The product is actually what creates the patronage. If we introduce a product into the market we don’t care what the financial sectors do. If they like, they can go back to foreign option. We have our counterparts doing a similar thing but there’s need for you to ensure that the product has high quality. One of the problems we have as indigenous developers is lack of exposure and that is why sometimes we implore government to try and see how they could come to the aid of some of these entrepreneurs and see how exposure can be achieved. Government should sponsor indigenous practitioners anytime they want to trips outside of the country for exposure. Take for example sometime in 2003, when some software developers took time to visit the Silicon Valley in California, U.S.A. It was a great exposure and I will say that trip actually helped a great number of us because by the time we came back to this country we were able to find our footing, discover ourselves and we were able to know how to project our businesses in a manner a typical American will see us and there is something better now than what we were doing before.
Application against Online Crime
As a programmer and as a software developer, I have online solution; crime to a certain point is in my design and development. The treat around the solution is where we start from. In talking about security the principal thing you need is acceptability, integrity, availability and confidentiality. If any of these factors is missing the security is grounded. On cyber matters or any other form of security question the same rules apply. If you have various scenarios of abuse of the system, it is not technology that has abused that system or that is not working but it is actually the given framework that has distorted the security. It is in light of this that things like ATM cards are affected. One of the factors of security is availability meaning that information that is meant for A should not be disclosed for B but one way or the B is in possession of the information. It is security that has been beaten and not the fault of the technology. The corruption in the society has a major impact and not the technology itself. In fighting crime there has to be a convergence of physical and IT security.
Programmos Software and Financial Sector
Programmos software of course as you know is the pioneer software development company and we are solely responsible for printing customized software products for peculiar interests. Programmos has particularly created a niche around itself in the Nigerian capital market. The ICT automation of the Nigerian capital market dates back to as far as 1997. As the automation of the Nigerian capital market started, there was the introduction of the Canadian design. The Canadian content was introduced but we have to by that design provide a local software product that was tailored after that Canadian product and in the manner that a dealer in the Nigerian Stock Exchange would be able to use. Programmos relates with the licensed dealers of the Nigerian Stock Exchange and not the Nigerian Stock Exchange itself. And we have over 200 of these licensed dealers and over the years made this product available to them and it has made their automation a lot more easier because some of these processes could be cumbersome but with our software we have been able to make it possible for them to operate and of course much more secured in terms of being able to control their processes and trying to operate in a manner compliant with what the rules and regulation of the regulatory authority say. So as a software company we can say that our software has done very well in that area of the Nigerian financial system to at least ensure that the capital market operations are simply protected through indigenous product like our Integra development software.
General News
MTN Graduates 20 Fellows, Expands Media Innovation Programme

MTN Nigeria, in partnership with Pan-Atlantic University (PAU), marked a significant milestone in advancing Africa’s media landscape with the graduation of 20 Fellows from the MTN Media Innovation Programme (MIP) Cohort 4 held at the Lagos Business School.

MTN
The ceremony celebrated excellence, resilience and forward-thinking storytelling, while also announcing the programme’s expansion into a Pan-African edition beginning next year.
The six-month programme, known for its rigorous coursework, demanding schedule and strong emphasis on critical thinking, included an international study visit to South Africa that broadened participants’ understanding of media innovation across the continent.
The graduation event acknowledged the Fellows’ commitment to completing the intensive journey while strengthening their capacity to influence the future of African media.
Dr. Ikechukwu Obiaya, Dean of the School of Media and Communications, PAU, commended the Fellows for their persistence throughout the programme. “In some moments, it was pretty grueling for some of you, but you made it. You are here, and I congratulate you,” he said.
“He encouraged them to see the graduation as a new beginning, adding, “We have so much to do, and each one of us is best positioned now to make that transformation.”
Tobe Okigbo, Chief Corporate Services and Sustainability Officer, MTN Nigeria, congratulated the cohort on successfully completing the six-month programme and reaffirmed MTN’s long-term vision for the initiative.
He said, “Congratulations on completing this journey. You are joining a network of professionals who are committed to elevating the media landscape in Nigeria and beyond.
“The future of this programme depends on your impact. This cohort represents the outcome we envisioned when the journey began. Today, the programme is not only thriving but also expanding.”
He further announced that the Pan-African edition of the programme will be launched in 2026, providing media professionals across the continent with the same level of immersive training and unique exposure experienced by the Fellows.
A key highlight of the event was MTN Nigeria’s presentation of ₦2.5 million in cash prizes to Fellows whose projects demonstrated exceptional innovation, depth of research and alignment with the programme’s ethos of impactful storytelling. The awards were presented by Chineze Gbenga-Oluwatoye, General Manager, Corporate Affairs, MTN Nigeria, and Odunayo Sanya, Executive Director, MTN Foundation.
Vanessa Ukamaka Richard Bassey, Head of Programmes, Sparkling 92.3 FM, Calabar, emerged as the top winner, receiving ₦1 million for the MTN Foundation Chairman Award for Innovative Reportage and another ₦1 million for the MTN Chairman’s Prize for Innovation. Sharing her experience, she said, “It’s been a training ground. It has opened me up to new things and made me more confident. There’s something about knowledge and information and exposure to your mind and to your esteem. After today, I know there’s nothing to be afraid of.”
Abolaji Adebayo received ₦500,000 for the MIP Cohort 4 Best Report, recognised for its clarity, depth and relevance to national discourse.
Several Fellows shared how the programme has reshaped their careers. Adekeye Ayobami of Abamimigo FM described the programme as arriving at the perfect moment, aligning with his recent career elevation.
Ubani Amarachi of Channels TV highlighted the value of the South Africa trip, noting that it transformed her approach to telling African stories and reinforced her belief that graduation marks the beginning of greater responsibility and impact.
The graduation of the MIP Cohort 4 Fellows, coupled with the announcement of the Pan-African edition, reinforces MTN Nigeria’s long-standing commitment to strengthening the media ecosystem through education, exposure and innovation.
The partnership between MTN Nigeria and Pan-Atlantic University continues to serve as a catalyst for developing media professionals equipped to shape narratives, advance societal progress and drive meaningful change across Africa.
General News
FirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme

FirstCap Limited, a premier investment banking business and a wholly owned subsidiary of FirstHoldCo Plc, acted as Joint Issuing House and Placing Agent on the Veritasi Homes & Properties Plc’s Series 1 Bond of ₦10 billion under its ₦30 billion Bond Programme duly registered with the Securities and Exchange Commission (SEC).

The Bond Programme is designed to support the development of Project Oyster Towers, located within Eko Atlantic City. Proceeds from the Series 1 Bond issuance are expected to be applied towards the construction of 30 luxury residential units, forming part of an 82-unit residential development comprising one-bedroom, two-bedroom, and three-bedroom apartments.
Veritasi Homes & Properties Plc is an indigenous real estate development company with operations across Lagos State and the Federal Capital Territory, Abuja, and a growing track record in the delivery of residential real estate projects in Nigeria.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director/Chief Executive Officer of FirstCap Limited, stated:
“We are proud to partner with Veritasi Homes & Properties Plc on this important transaction. The establishment of the ₦30 billion Bond Programme reflects our commitment to mobilising capital for the real estate sector, which remains a key driver of Nigeria’s economic growth. Project Oyster Towers exemplifies the future of luxury and sustainable living in Nigeria, and this transaction reinforces FirstCap’s role as a trusted advisor in major corporate finance initiatives.”
FirstCap’s involvement in the Bond Programme further reinforces our dedication to supporting the growth of the Nigeria’s real estate sector. The successful execution of this transaction highlights the depth of expertise within our capital markets team and our role in supporting issuers in accessing long-term funding solutions aligned with their strategic objectives.
By continuing to connect capital providers with high-impact infrastructure projects such as Project Oyster Towers, we remain committed to driving economic development and delivering long-term value for all stakeholders, Ukandu added.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
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