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MainOne Offers Hybrid Cloud Solutions for Financial Institutions

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MainOne, provider of Cloud Solutions Services, has reiterated its commitment to support commercial and microfinance institutions (MFIs) in achieving their goals.

MainOne Offers Hybrid Cloud Solutions for Financial Institutions

This is coming as central banks across Africa continue to deepen financial inclusion.

In a bid to enhance economic growth through financial inclusion, the Central Bank of Nigeria (CBN) issued mobile network operators payment banking licenses in 2019.

In Ghana, a digital financial services (DFS) policy was launched in early 2020. Other countries on the African continent have implemented similar policies.

These developments do not only pave the way for greater inclusion in the financial system, but also put additional pressure on commercial banks and MFIs to deliver efficient and more cost-effective services.

However, many commercial banks and MFIs have been held back on their digital transformation journeys by legacy technology and processes.

They have continued to invest in and own Data Centres to host critical applications, which have not been cost efficient.

System outages and downtimes have been common with these banks, resulting in heavy financial loses and reputational damage.

As an end-to-end provider of connectivity, datacenter and cloud services, MainOne has supported various financial institutions by offering a comprehensive technical and commercial build-versus-buy assessment which has facilitated partnerships that allowed the banks achieve regulatory compliance and increased efficiencies without the weight of operating and capital expenditure challenges.

Ololade Shonubi, DGM Marketing and Customer Experience at MainOne, stated that “MainOne as a renowned leader in connectivity solutions that enable digital transformations across West Africa, is focused on supporting organizations across sectors to adapt to the flexibility, cost effective and value add that innovative cloud connectivity enables for them.”

According to her, “We offer bespoke solutions that allow various industries including the Financial Services industry to scale easily while maintaining high performance and focusing on their core business objectives. Our Solutions competently support transition from legacy platforms to innovative and dynamic cloud-based solutions and platforms which allow organisations develop new products and applications , enhance existing applications and ultimately improve their customers’ experience’’.

“In order to take advantage of the opportunities available that will enable banks reach the unserved population, and also withstand the onslaught of Fintech companies, banks need to maximize their operational efficiencies and extend their reach with solutions that foster revenue growth without the burden of increased capital expenditure,” Shonubi said.


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E-Business

Senate Votes to Compel Facebook, Others to Open Offices in Nigeria

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Nigerian Senate, on Tuesday, passed for first reading a bill aimed at amending the Nigerian Data Protection Act of 2023.

Senate Votes to Compel Facebook, Others to Open Offices in Nigeria

The amendment seeks to compel major social media platforms—including Facebook, X (formerly Twitter), Instagram, WhatsApp, YouTube, TikTok, and other independent bloggers—to establish physical offices in Nigeria.

The bill is titled “A Bill for an Act to Amend the Nigerian Data Protection Act, 2023, Mandating the Establishment of Physical Offices within the Federal Republic of Nigeria by Social Media Platforms, and for Related Matters, 2025.”

It was introduced by Senator Ned Nwoko, a lawmaker from Delta State.

The bill not only mandates that the social media platforms set up physical offices in Nigeria, but also seeks to regulate bloggers operating in the country.

It proposes that bloggers must establish verifiable offices in any Nigerian capital city, maintain proper employee records, and join a recognised association based in Abuja.

During the Senate debate, Nwoko highlighted Nigeria’s significant digital presence, referencing a report from Global Web Index shared by Business Insider Africa.

With a population of over 200 million, Nigeria ranks second globally in social media engagement.

Nwoko argued that having local offices is long overdue, noting that the absence of such offices creates challenges, including limited local representation and difficulties for users and businesses to engage directly with these platforms.

The Senate President, Godswill Akpabio, acknowledged the potential benefits of having these social media platforms establish local offices, particularly in terms of improving regulatory oversight and ensuring compliance.

However, Akpabio urged caution regarding the regulation of bloggers, stressing the importance of protecting online expression.

“It’s beneficial to have an address, but bloggers are a bit different. The best approach is for the bill to go for a second reading, followed by a public hearing to provide more clarity,” Akpabio said.

He emphasised that the intent of the bill was not to suppress social media, but rather to improve taxation and record-keeping for digital platforms in Nigeria.

The Senate has also tasked the Committee on ICT and Cyber Security to conduct a thorough review of the bill and report its findings in two months.


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Google to Buy Cybersecurity Company Wiz for $32Bn

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Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure.

Google to Buy Cybersecurity Company Wiz for $32Bn

The all-cash deal brings Wiz into the Google Cloud operation, boosting the capacity of consumers to use “multiple clouds” and providing “an end-to-end security platform for customers, of all types and sizes, in the AI era,” the companies said in a joint press release.

The deepening influence of AI makes “cybersecurity increasingly important in defending against emergent risks and protecting national security,” the companies said.

The transaction, the largest ever sought by Google or parent Alphabet, will test President Donald Trump’s openness to large takeovers after resistance to such deals by the administration of Joe Biden.

Alphabet had been close to a Wiz takeover last summer, but the deal fell apart due in part to regulatory concerns, according to the Wall Street Journal.

Started in 2020 by Assaf Rappaport, co-founder and CEO, and a team who sold a previous venture to Microsoft, Wiz will continue to work and provide services to platform led by other tech giants including Amazon Web Services and Microsoft Azure.

Wiz is based in New York, with offices in Tel Aviv and three other US cities.

In a webcast after the deal was announced, Rappaport said the service “continuously scans an organization’s code and cloud environments, monitoring them in real time” to “prioritize the most critical risk based on real impact and blocks active threats.”

 

 

 

 


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Darey.io, Xterns.ai to Expand Digital Skills, Experience Through Lagos Tech Hub

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Dare Olufunmilayo, founder and CEO of Darey.io, has said that the reason for the establishment of a physical tech hub in Lagos is to expand on the digital talents they have started building especially pushing its artificial intelligent initiatives further.

Speaking at the launch of the hub, he described the moment as more than just the opening of a new office but the beginning of a transformative movement.

“Today is not just about celebrating a new office space; it is about launching a movement, a revolution in how we learn, build careers, and create opportunities in the tech ecosystem,” he stated.

The event’s theme, “Tech & Tea: Brewing Nigeria’s Technology Innovation Future,” reflects the belief that building a thriving digital economy requires the right mix of talent, innovation, and collaboration.

Olufunmilayo likened the process to brewing the perfect cup of tea, requiring the right mix of talent, innovation, and partnerships.

“Just like brewing the perfect tea, building a thriving digital economy requires the right ingredients: talent, innovation, and collaboration,” he noted.

He also acknowledged the critical role of various stakeholders, including the Nigerian government, tech leaders, and industry partners.

“None of this would be possible without the ecosystem we are a part of. The government’s 3MTT initiative is playing a crucial role in creating a future-ready workforce,” he said, recognizing the contributions of government efforts, partners, and the dedicated Darey.io team.

Reflecting on the journey that led to this milestone, Olufunmilayo highlighted the company’s mission to empower Africans with world-class digital skills and bridge the gap between talent and opportunity.

“A few years ago, we started with a bold vision: to empower Africans with world-class digital skills and bridge the gap between talent and opportunity.

“We believed that, with the right platform, the right training, and the right mindset, anyone—no matter their background—could go from learning to earning in the global digital economy.”

That vision, he emphasized, has now become a reality. “Thousands of Nigerians have started their careers through Darey.io, working for top global companies, launching startups, and creating ground-breaking solutions.”

With the launch of Xterns.ai, the initiative is taking an even greater leap forward. “Xterns.ai is our next big leap—where we don’t just train talents; we integrate them directly into the workforce through our Proof-of-Skills Hiring model,” Olufunmilayo explained.

Speaking at the launch, Francis Sani, Technical Adviser for Innovation, Entrepreneurship, and Capital to the Minister of Communications, Innovation, and Digital Economy, highlighted Nigeria’s demographic advantage.

He noted that Nigeria has the largest youth population in Africa, with a median age of 16 years, compared to 38 in the U.S. and 46 in Japan. This, he said, positions the country as a key player in the global tech competitiveness race.

However, Sani emphasized that access to quality training and employment pathways remains a significant challenge. “We have the talent, we have the ambition, but we must scale up digital skills to compete globally,” he stated.


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