News
Ispon Decorates Ndukwe, Flags off 2012 Software Competition

The Institute of Software Practitioners of Nigeria (Ispon) has finalized arrangements to stage the second National Software Competition billed to take place in Calabar, Cross River State. In view of this, the National Executive Council and members have decided to unveil Dr. Ernest Anene Ndukwe as the “Distinguished Knowledge Ambassador” as part of programmes lined up to commence this year’s Competition.
Ispon is the apex body of computer software and related services industry in Nigeria.
It was formed in 1999 with the primary objective of being a catalyst for the growth of the software-driven IT industry in Nigeria.
And specifically set up to facilitate business and trade in software and related services and to encourage the advancement of research in software technology.
Through the National Software Competition (NSC) progamme, a software development-based competition for the young minds of Nigerian Tertiary Institutions, non-profit organization is set to uncover Software Development Talents in the country.
In a press statement signed by Dr. Chris Uwaje, Ispon’s president said that the choice of Ndukwe as “Distinguished Knowledge Ambassador” was born out of his contribution to IT in Nigeria and will serve as a motivator to the youths participating on the competition.
For his interest and contributions to the development of IT industry in Nigeria, Ndukwe, is referred to as the father of modern Nigeria telecom sector.
He was the former executive vice-chairman and chief executive officer of the Nigerian Communication Commission (NCC), among other responsibilities he shoulders in the country and beyond.
He is currently the Chairman of the Openmedia Group and the President of the Centre for Infrastructure Policy and Advancement, CIPA.
He is also the chairman of an NGO focused on encouraging and facilitating self employment for the youth. The IT icon will be unveiled as “Distinguished Knowledge Ambassador” on July 23, 2012 by Ispon.
On the National Software Competition, Uwaje said it was, “informed by the strategic imperative to anchor Nigeria’s aspirations for global competitiveness in the Knowledge Economy on building capacity in knowledge industries such as software.
“With 60% of Nigeria’s population under 30 years of age, Ispon believes that the dream of Vision 20:2020 is realizable only by accelerated efforts to build and unlock the innovation capabilities of our youth, who have propelled Nigeria over just 4 years to becoming the 10th largest internet user base in the world with 43m users (Internet World Stats at http://www.internetworldstats.com/top20.htm, August 2011)”.
The Competition with formidable sponsorship is expected to attract thousands of youths.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
News
NRS Takes Over Mineral Royalties Collection Under New Tax Laws

Nigeria Revenue Service (NRS) has assumed responsibility for collecting mineral royalties from mining operators nationwide, following new tax laws effective January 1, 2026.

NRS
The shift emerged from a Thursday meeting between Solid Minerals Development Minister Dele Alake and NRS Chairman Dr. Zacch Adedeji. Their joint statement, endorsed by both, confirms NRS now administers all federally collectible revenues, including royalties.
Enacted by President Bola Tinubu on June 26, 2025, the Nigeria Tax Laws 2025 empower this transition. The Ministry of Solid Minerals Development remains a key partner, supplying pricing data, geological insights, and sector coordination.
NRS Special Adviser Dare Adekanmbi’s statement outlines collaborative steps: a nationwide sensitization program for operators on filing and payments; development of a digital royalty system; and regular joint technical sessions to address issues.
Both agencies pledge orderly, transparent implementation to boost the mining sector. Operators must comply with obligations and join upcoming programs.
The move aims to streamline revenue collection while fostering mining growth.
General News3 days agoFG, Others Say Nigeria Wastes 38m Tonnes of Food Annually
E-Financial3 days agoCBN, Banks, Fintechs Launch PSPC to Boost Nigeria’s Payment System
News3 days agoNITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth
E-Financial3 days agoCycleFlow, IFC Launch Supply Chain Finance Platform in Nigeria
E-Financial3 days agoAnchor Gets Nigerian, Canadian Licences as Transactions Crosses $2.5Bn
E-Financial3 days agoEcobank Assures of Seamless Easter Banking Services
News3 days agoNRS Takes Over Mineral Royalties Collection Under New Tax Laws
E-Financial2 days agoN4.65 Trillion in the Vault, but is the Real Economy Locked Out?



















