General News
Legislation Drives Demand for Sage’s Payroll Software –Nmonwu

Magnus Nmonwu is the regional director for Sage West Africa. He speaks to Peter Ugwu about the latest trends in the Nigerian business software market.
What is Sage Day West Africa 2015?
This is the first time that Sage’s three key operating entities in Africa – Sage Pastel Accounting, Sage ERP Africa and Sage HR & Payroll – are coming together to showcase our solutions. That is why we tagged it Sage Day West Africa.
Adoption of Financial and Payroll Software in Nigeria?
Compliance is getting a lot of attention from organizations and businesses operating in Nigeria. People need to report on business operations in a way that follows international standards – and to do that, they need the right business software.
All our solutions are built to enable compliance with standards such as the International Finance Reporting Standards (IFRS), the Financial Reporting Council of Nigeria (FRCN), and the International Public Sector Accounting Standard (IPSAS). We have compliant solutions that cut across small, medium and large enterprises. And they produce financial reports that will withstand any international scrutiny.
Sectors Feeling around Compliance
Businesses that want to grow must adopt healthy practices in governance and reporting, and also be able to made decisions faster.
Every sector has to comply with IFRS – in fact, the final milestone for compliance was January 2014. Those that fail to comply will struggle to attract investors and even international customers.
In our workshops, we showed clients what changes they need to make in gathering, analyzing and reporting on financial information to ensure compliance.
Technology makes it easier to collect accurate data and produce reports that comply with regulations and accounting standards.
Government Departments Embracing Compliance
A number of states, electricity distribution companies, and federal parastatals in Nigeria are already implementing Sage solutions such as Sage ERP X3, Sage One, Sage Evolution and Sage Human Resources Management,
They are paying more attention than ever to aligning their reporting standards, governance, and risk management with international standards, especially IFRS. Compliance to international standards will subtly compel every government agency and department to adopt software in this regard.
Sage Role in e-Commerce, e-Payment and Software Integration
We are actually playing an important role in the Nigerian e-commerce space through projects with our key customers.
Recently, we met a commercial bank that supports small and medium enterprises (SMEs) and wants to put up a platform where these SMEs can do business.
On the payroll side, we are in discussions with partners to create payment gateway for an end-to-end smooth payment process, where companies will be able to pay salaries with a click of a mouse.
Trends in the Telecommunication Industry
The network operators are open to adopting software that offers seamless and agile features. We are presently in discussions with two of the big four telecom companies in Nigeria.
They are more willing than ever to consider adopting software produced outside Europe or India.
How is Sage Different from Competitors?
In addition to our offices and partner in key African countries, we have support from team members at headquarters who understand the nuances in each country.
So, even if you are a client in Botswana, Ghana, or Nigeria, a click of a button can connect you with a consultant who can help you resolve any issues the local support team or business partner cannot address.
Secondly, we are abreast of the latest trends in legislation. Legislation drives payroll software. Often, software imported from the United Kingdom will not meet the needs of Nigeria’s tax authorities.
Sage has invested in a team that interacts with revenue authorities across all the countries where our solutions are used. If there are changes in legislation, we are quick to adapt our software.
For instance, when the Personal Income Tax (Act) in Nigeria changed, the Gazette copy was made public in February 2012 and was backdated to June 2011, Sage was one of the few companies that were able to make quick changes.
Threat of Data being Stolen or Lost as they use Accounting and Payroll Software in the Cloud
I will start by asking, if millions of Nigerians are on Facebook, Twitter, Google+, among others, have any concerns about their personal pictures and data.
My Facebook page has never been hacked. Where the data center is, you and I don’t know, but any time I want the information, it’s there and it’s secure.
A good online partner will have very strong information security in place. However, I feel there is need for legislation around datacenter and data hosting to protect people’s and companies’ sensitive data. .
Certain laws mean that payroll data cannot be hosted outside Nigeria. We need to be quick as a country to modernize our laws to ensure our businesses can take advantage of the efficiencies of the cloud. For us at Sage, we are working with partners for local hosting of a number of our solutions in the cloud and we see it as the future of business software,
Benefits of Sage ERP X3
As a cloud solution, Sage ERP X3 is aimed at businesses who value the ease of deployment, accessibility, simple management and low cost of ownership of service, without compromising the functionality and scalability of Sage ERP X3 version 7. Sage ERP X3 version 7 now has web standards, usability and mobility at its core, allowing mid-sized organisations the ability to get more done faster and on the move.
Even if the Chief Executive Officer is on holiday in the Caribbean, smartphones and other mobile devices give him direct access to the same data he can access in the office. Today, you cannot be in the office 24/7.
There are other pressing matters to attend to, such as conferences, and other engagements. Now, with your smartphone or tablet, you can check your inventories, customer data, paperwork, and so on, where you are.
Sage’s investment in Nigeria
At Sage, we have always targeted Nigeria as an investment destination. We have the view that a multinational without an interest in Nigeria, Africa by extension, is not ready to operate in this continent. Nigeria is Africa’s largest economy, and we are here to stay.
Sage Offer for SMEs
Sage is presently partnering with a number of SME initiatives in Nigeria, to assist them with their growth.
What we are doing in this regard, is that we have developed a number of solutions built with the users in mind, which would cater for the startups and small companies.
This solution is very affordable and easy to use, The users don’t require any IT hardware of infrastructure to own the software. More features can be obtained by visiting the Sage office or contacting us online.
General News
NiDCOM Launches Diaspora Startup Challenge to Boost Nigerian Talent

The Nigerians in Diaspora Commission (NiDCOM) has sought to harness the innovation and expertise of Nigerians across the globe with the launch of the Connected Diaspora x DOWA Start-Up Challenge and the Connected Diaspora Flagship Event 2025.

Speaking at a news conference in Lagos, Abike Dabiri-Erewa, Chairman/CEO of NiDCOM, described the initiatives as timely and transformative, noting that they are strategically designed to tap into the creativity, enterprise and professional strength of Nigerians in the diaspora.
She said the Start-Up Challenge, themed “Building, Breaking and Believing in Nigeria,” aims to energise innovators abroad by promoting knowledge transfer, enterprise development and strategic investment to support Nigeria’s rapidly expanding economy.
According to a statement by NiDCOM, the challenge, which offers cash prizes of up to ₦1 million, is targeted at spotlighting exceptional ideas and supporting impactful ventures created by Nigerians living overseas.
According to Dabiri-Erewa, the initiative aligns with the Federal Government’s overarching goal of engaging the diaspora community as key partners in national progress.
She further announced that the Connected Diaspora Flagship Event will take place on December 19, 2025, in Lagos, and will bring together entrepreneurs, policymakers, investors, technology leaders and strategic partners for critical discussions on Nigeria’s future.
Kadiri Hamzat, Deputy Governor of Lagos State, will serve as the Special Guest of Honour and is expected to speak on the importance of collaboration between government and the diaspora in accelerating development.
NiDCOM also revealed that notable contributors from the global diaspora community and Nigeria’s entrepreneurship ecosystem will enrich the sessions and help shape new pathways for meaningful engagement.
Dabiri-Erewa said their support remains invaluable in driving the success of the initiative. She emphasized that their continued collaboration helps unlock the potential of Nigeria’s global talent pool and fosters sustainable economic growth.
The Commission called on stakeholders across both the public and private sectors to support the initiative, stressing that the opportunities for innovation, collaboration and nation-building are immense.
NiDCOM urged young Nigerians and diaspora returnees to participate actively in the Start-Up Challenge, reminding them that entries close on December 12, 2025.
The December event will also feature a Diaspora Talent Career and Internship Fair, aimed at connecting diaspora returnees with internship opportunities offered by DOWA partner organisations.
NiDCOM said the fair will further strengthen talent exchange and deepen the country’s development capacity.
The programme timeline includes the opening of applications for the Start-Up Challenge from November 18 to December 12, followed by public voting on Instagram from December 13 to 17.
The winner will be announced on December 18, ahead of the final presentation at the JK Randle Centre in Lagos on December 19.
NiDCOM encouraged interested participants to follow the provided registration details and take advantage of the platform created to connect, innovate and contribute to national advancement.
General News
PromoPrint Rekindles Nigerian Resilience @ 25th Anniversary

Indigenous printing company, PromoPrint Ventures Ltd, celebrated 25 years of operations in the country on Tuesday 2nd December, at an event held at the Lagos Motor Boat Club in Lagos.

The evening saw business executives, clients and stakeholders in the printing space gathered to attest to the dexterity and Nigerian resilience demonstrated by Mrs. Patricia Ojora, the Founder and Chief Executive of the company in sustaining the growth of PromoPrint over the last 25 years.
Amongst many things on display that evening were PromoPrints very first t-shirt printed in the year 2000. Guests also cheerfully adorned custom-made patterns done by Promoprint on our indigenous cotton fabric (Funtau).
In her opening remarks, Mrs. Patricia Ojora recalled the past 25 years of operation in Nigeria at the helm of PromoPrint. While not easy, she says:
“We’ve been able to do it and we enjoy it. There’s nothing better than creation. To create something from nothing and do it so well, it’s a passion for me. It’s something that I really, value. I’m a great supporter of Nigeria, so I believe that we should be able to do things well in Nigeria. We don’t need to always import, that’s why we’re doing this today, to be able to collaborate with people. Most of the people here are people we’ve collaborated with and have worked hard to build Nigeria back up”.
She recounts how she was able to change the narrative of many Nigerians that were printing outside of the country who are now printing with PromoPrint Ventures. “People used to print outside the country because they didn’t trust the quality that was here in Nigeria,” Patricia explains with an understanding that “we can produce good quality here within Nigeria.”
The company is a one-stop shop for all things printing with all operations happening in-house, from the expertise of crafting graphics and garment production to the t-shirts, roller banners, corporate gifts and more being rolled out on a daily basis. “What we are selling is peace of mind in a chaotic place.” Patricia says, with nearly three decades of successful operations and collaboration under her belt.
Significantly, she makes sure the company remains primed for the future, using AI and the like to remain progressive in strategy and implementation. Patricia proudly states, “Our automated printing carousel can churn out 10,000 tees a day if needed and our many corporate clients can attest to this.”
In attendance was Atedo Peterside (CON), Founder, Stanbic IBTC Bank Plc, one of many guests in the room who spoke to PromoPrints impact. “There’s something about longevity,” he shares with the crowd, “If you’ve kept the business going for 10 years, I always tell people, it means you’re doing something right. If you get it going for 20 years, you’re doing something very correct. Patricia must be doing something phenomenally right and it’s my sincere hope that she keeps it going, keep building, keep innovating.”
“Patricia can create almost everything,” Peterside remarks, “she has the courage, audacity and the commitment.”
Mrs. Ibukun Awosika, Nigerian businesswoman and the first female Chairperson of First Bank of Nigeria, contextualises the tenacity of Patricia’s efforts rather well. She reminds the room that “when you think of how many big multinationals who have so much that protects them, who have a lot of support systems internationally and locally, who gave up on Nigerian manufacturing, then you have to go back and think about those of us like Patricia.”
Even after 25 years, Nigeria remains in need of more Entrepreneurs, particularly those like Patricia, to boost the SME and manufacturing industry in the country despite the odds. “She didn’t give up,” Awosika says in admiration.
“What is key is that, when we celebrate the likes of Patricia and her company, we know without a doubt that it’s not just because they want to have a celebration. It’s because, in truth, the Nigerian entrepreneur is a star, and even more so, the Nigerian manufacturer.” Awosika concludes.
So, we celebrate Mrs. Ojora and her PPV entire team, and all that has gone into 25 years of hard work, commitment, creativity, we also recognise the passion that does not allow you to give up on the vision, the commitment to not only creating jobs for other Nigerians but creating value within Nigeria. The commitment to innovating a solution for every challenge and every situation. Indeed, it was a worthy celebration.
General News
Optimus AI LABS CEO Showcases AI Breakthroughs in Nigeria’s Financial Sector

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS, has unveiled a suite of artificial intelligence innovations poised to transform Nigeria’s financial services industry, aligning with recent Central Bank of Nigeria (CBN) directives on consumer protection and fraud prevention.

Mr. Lanre Basamta, Chief Executive Officer and Co-Founder of Optimus AI LABS
Basamta, speaking at a media parley in Lagos, said the company’s flagship product, Omnis, is redefining customer engagement in banking by serving as a virtual assistant embedded within mobile applications.
According to him, the platform is capable of analyzing customer behavior to recommend tailored financial products, effectively functioning as a “digital salesperson” that boosts bank revenues while enhancing customer experience.
He noted that Optimus AI LABS, which began as a modest startup targeting small businesses such as schools, has now identified greater opportunities in serving banks, fintechs, and microfinance institutions.
“The financial sector presents the biggest opportunity for AI to deliver value at scale,” Basamta said.
In response to rising fraud concerns and new CBN regulations mandating resolution of fraud cases within 14 days, Basamta highlighted the company’s AI-powered support platform designed to address customer frustrations over delayed assistance.
The system, he explained, interacts naturally with users, resolves issues promptly, and escalates unresolved cases, thereby strengthening compliance and improving customer satisfaction.
Basamta also recounted the firm’s global expansion, citing its work with Canadian clients, including the development of a dental learning environment for a major dental group.
He said this international footprint demonstrates Nigeria’s capacity to compete globally through homegrown innovation.
Reflecting on the company’s relocation into office space formerly occupied by KUDA, a fast-rising Nigerian fintech, Basamta expressed optimism that Optimus AI LABS is on a similar trajectory toward scaling into a major industry player.
He emphasized that the company’s growth would contribute not only to technological advancement but also to national development.
Basamta concluded by appreciating partners and stakeholders, stressing that “big things can emerge from small beginnings when powered by AI’s transformative capabilities.”
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