News
Komputer Village Magazine Debuts July 1 to Showcase Technology Market
Komputer Village Magazine is launching July 1, this year in a pioneering drive to introduce a dedicated publication promoting Nigeria’s largest technology market, Computer Village, Ikeja located in the heart of Africa’s emerging Smart City, Lagos.
Technology Times Media Limited (TTML), owners of Technology Times, iSpace Magazine announced that the monthly Komputer Village Magazine is the latest addition to its print, digital, Internet and events properties focused on promoting Nigeria’s rising contributions to the global information and communication technology (ICT) industry.
Mr Shina Badaru, Founder of Technology Times, who announced the introduction of Komputer Village Magazine during a courtesy visit to the Computer and Allied Products Dealers Association of Nigeria (CAPDAN), the umbrella body for the market, says the publication fills a needed gap to showcase and promote entrepreneurship, innovation and consumer technology trends from inside Nigeria’s largest technology market.
“We are pleased to launch a fully dedicated publication that showcases the very best of Computer Village, which is the largest technology market in Nigeria and also the hub of a thriving technology SME ecosystem that shapes and defines consumer technology trends across Nigeria, West Africa and beyond.”
Komputer Village Magazine will be available in hybrid of print and digital issues to be distributed across Nigeria, Africa and beyond, says Badaru while briefing the top-level CAPDAN leadership that received the TTML management team during the courtesy visit.
The CAPDAN executive team included Mr. Ahmed Ojikutu, President, CAPDAN; Mr. Boniface Aniah, Vice President, CAPDAN; Mr. Shedrack Egbule, General Secretary, CAPDAN and Mr Ibadan Presley, Assistant PRO, CAPDAN.
According to Badaru, “Komputer Village Magazine’s unique development journalism-meets-industry news hybrid is intended to appeal to the mix of technology professionals, mobile phone and cutting-edge consumer technology enthusiasts, banks and financial services industry, SME policy makers, entrepreneurs and technology innovation lovers.”
Commenting on the roadmap plan for the publication, the Technology Times Founder says “Komputer Village Magazine is on a mission to be the storyteller that positively shapes the narratives of inspiring business leaders, game-changing innovators and cutting edge consumer technology trends driving Nigeria’s rising technology hub in the heart of the emerging Smart City of Lagos.”
According to Badaru, “we find inspiring stories of innovation around every corner in Nigeria’s largest technology market and home to a rising tribe of entrepreneurs, innovators and consumer technologies that shape and define consumer technology trends and tech lifestyles across Nigeria, West Africa and beyond.”
He says that Komputer Village Magazine is delivered in elegant prose, enhanced with appealing aesthetics and visual communications assets of exquisite photography, videos and infographics that attract and engage the interest of millions of readers across Nigeria and beyond.
According to Badaru, “the overarching vision of Komputer Village Magazine is to take Computer Village, Ikeja to the world and bring the world to Computer Village, Ikeja.
“With Komputer Village Magazine and complementary online platforms on www.komputervillage.ng, we advances our strategic mission to enable businesses in Nigeria’s largest technology hub achieve digital transformation by gaining and retaining customers through our ecosystem of business platforms like Directory, Classifieds, Marketplace, Events and more.”
The first copies to reach print subscribers will arrive newsstands July 1, this year with the inaugural 60-page issue that features articles from TTML journalists, writers and contributors on business leaders in the market, top ranking phones in the market, how-we-started interviews, and industry leader interviews that features prominent Nigerian technology industry entrepreneurs, market news, business profiles, directory and product round-ups, among other exciting content.
Komputer Village Magazine, which is launching with a run of 10,000 copies and is available as a digital issue with the same look and feel available on the complementary www.komputervillage.ng portal will leverage the borderless Internet to extend the global distribution network beyond Nigeria, according to the Technology Times Founder.
DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA, citing the company’s strong financial performance, market leadership and ability to meet its financial obligations despite Nigeria’s challenging economic environment.
In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upgrade reflects the cement maker’s sustained financial strength, resilient operating performance and dominant position in Nigeria and across Africa.
According to the agency, the assessment followed a comprehensive review of the company’s capital base, earnings, liquidity, corporate governance, regulatory compliance and the sustainability of its financial performance over the medium to long term.
It noted that Dangote Cement’s strong brand, leading market share, solid earnings, robust asset base and experienced management continue to strengthen its ability to meet financial commitments on time.
The agency also highlighted the company’s outstanding financial performance in 2025.
According to the report, Dangote Cement posted N4.31 trillion in revenue during the year, representing a 20 per cent increase from the previous year. Profit before tax more than doubled, rising 109 per cent to N1.53 trillion, driven by higher sales, improved operating efficiency, lower finance costs and a stronger capital structure.
DataPro said the AA+ long-term rating indicates low credit risk and reflects excellent financial strength, business profile and operating performance relative to its rating benchmarks.
It added that the A1 short-term rating signifies good credit quality and shows that the company has a strong capacity to meet its short-term financial obligations as they fall due.
The rating agency, however, noted that the credit rating has a maximum shelf life of 12 calendar months in line with international best practice and should be used only as a reference, not as an offer to trade in securities or as a substitute for investors’ independent judgement.
Xora Finance has announced it will no longer consider job applicants from Nigeria.
Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
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