E-Business
Mainstreet Bank Goes Live on Finacle v10
Mainstreet Bank Limited, one of the leading commercial banks in Nigeria, has successfully deployed Infosys Finacle version 10.2.0.9 core banking application to drive the bank’s technology transformation, deliver superior customer service and help customers achieve their financial goals.
Finacle, a comprehensive, integrated, modular and agile business solution addressing all the core needs of banks, is being implemented and supported by Infosys and Computer Warehouse Group (CWG), Infosys sole Business Alliance Partner in Nigeria with offices in Nigeria, Ghana, Uganda, and Cameroon.
Finacle provides all the building blocks of business functionality, which will enable Mainstreet Bank users to configure products and processes flexibly to adapt to a dynamic environment.
With a 360 degree single source view into customer accounts, Mainstreet Bank will have the ability to empower customers with relevant information and deliver right fit, real-time services through the preferred usage channel.
Anogwi Anyanwu, executive director, Operations and IT Mainstreet Bank who spearheaded the Mainstreet Bank team in the implementation of the Finacle version 10, expressed optimism, that Finacle version 10 would improve the operations capacity of the bank.
He is positive that with the successful implementation of Finacle, Mainstreet Bank is now well positioned to provide world class services to its customers.
Also speaking on Finacle deployment, Faith Tuedor-Mathews, group managing director/chief executive officer, Mainstreet Bank Limited, said that “The new banking application will support the innovative products and services we want to launch into the market to delight our customers.
Finacle is a robust system that will also provide the platform upon which all our service touch points including alternative channels like ATMs, mobile and internet banking, collection services, and other e-banking media will operate with utmost efficiency.”
She added. “We have re-engineered our banking system and have achieved a new positioning which has seen us attract the best talents in the Nigerian Banking Industry. Our disciplined approach to investment and risk management has positioned us to deliver increased value to all our stakeholders,”
VenkatramanaGosavi, regional head, Growth Markets Infosys Finacle said “It is an exciting opportunity for us to partner with Mainstreet Bank in their banking transformation agenda. We look forward to helping the bank deliver value oriented banking experience to its customers, while accelerating growth and roll-out of new products and services. The successful implementation at Mainstreet Bank, along with CWG our local partner, reinforces Finacle’s position as the leading technology provider for banks in Nigeria.”
Mr. Femi Ibine, software Division Hhead of CWG, said “We are delighted to be a part of this success story and are strongly committed to ensuring that Mainstreet Bank, like all other Finacle customers in West Africa, enjoys the best support services from CWG’s 24×7 Support Hub located in Lagos, Nigeria”.
James Agada, chief technology officer, Computer Warehouse Group, who led the CWG team that worked on the Mainstreet project, expressed his gratitude to the various teams—CWG, Infosys and Mainstreet bank—for the teamwork and diligent professionalism they brought to the project, which contributed immensely to the excellent and timely delivery of the project.
“Considering the technology value embedded in Finacle 10, it is certain that Mainstreet Bank will deliver value to their customers” He says.
Austin Okere, founder and chief executive officer, Computer Warehouse Group was delighted about this new development in Mainstreet Bank and believes it will result in improved customer service for Mainstreet Bank, and enable the bank to excel and compete with leading brands in the industry
Okere, who is passionate about enabling businesses with cutting-edge technology, congratulated Tuedor-Mathews and the management of the bank for taking the right decision to deploy Finacle version 10 Core banking applications.
According to Austin, “It is not enough to know the appropriate technology to run a bank you must be determined to acquire and use the best.”
Infosys and CWG have implemented the Finacle core banking software for about 55% of the banks in Nigeria, including FBN, UBA, Stanbic Bank, FCMB and Fidelity bank among others.
E-Business
NITDA Takes Over National Digital Architecture System

Nigeria has taken a major step toward strengthening its digital governance framework as the National Information Technology Development Agency (NITDA) officially assumes control of the Nigeria Government Enterprise Architecture (NGEA) infrastructure.

The handover ceremony held in Abuja, marks the culmination of a high-level partnership with the Korea International Cooperation Agency (KOICA).
This transition signals a shift from fragmented IT projects to a unified, disciplined approach to national digital investment.
The NGEA initiative forms a core part of the e-Government Masterplan 2.0 (Ne-GMP 2.0), aimed at establishing a unified and structured approach to managing government IT investments and digital resources.
The framework is designed to ensure that technology deployment across public institutions aligns with national priorities while improving efficiency and accountability.
With the system now operational, government agencies are expected to adopt more integrated digital processes, allowing seamless data sharing and interoperability.
This is anticipated to reduce duplication, strengthen risk management, and translate policy objectives into measurable digital outcomes.
Over the past two and a half years, Nigerian technical experts worked closely with their Korean counterparts to develop the architecture framework, create reference models, and execute pilot programmes in key institutions.
These include the National Identity Management Commission, Nigeria Customs Service, Nigeria Immigration Service, and NITDA.
Officials say the NGEA represents a shift from fragmented digital efforts to a more coordinated, citizen-focused system.
The infrastructure is hosted by Galaxy Backbone Limited, providing a secure and reliable platform for nationwide deployment.
Looking ahead, NITDA is expected to work with government stakeholders to expand and sustain the system, while the Federal Ministry of Communications, Innovation and Digital Economy will provide policy guidance to ensure its adoption across the country.
E-Business
FG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister

Bosun Tijani, minister of Communications, Innovation and Digital Economy, has said the government is shifting focus from expanding access to ensuring “meaningful connectivity” that drives economic growth and inclusion.

Bosun Tijani, minister of Communications, Innovation and Digital Economy
The minister made the statement on Friday while addressing stakeholders at the inauguration of board members of the Universal Service Provision Fund (USPF) in Abuja.
He said that although Nigeria had made significant progress since the introduction of GSM services, millions of people, particularly in rural and underserved communities, remain either unconnected or unable to fully benefit from digital services.
Dr Tijani highlighted ongoing investments in digital infrastructure, including plans to deploy 90,000 kilometres of fibre optic network and nearly 4,000 telecom towers nationwide.
He said initiatives under the USPF had improved access through projects such as rural connectivity and digital facilities in schools but stressed that the next phase must prioritise effective usage.
“It is not enough to connect a community. We must ensure that schools can teach with digital tools and that small businesses can access market opportunities,” he said, citing a pilot project in the Kura community where connectivity has enhanced access to communication, education and healthcare.
Aminu Maida, executive vice chairman, Nigerian Communications Commission (NCC) also called for a shift towards meaningful connectivity, noting that while data usage had grown significantly, it remained concentrated in urban areas.
According to him, recent data shows that telecom usage has increased by about 160% over the past two years, largely driven by urban demand.
“When we drill down, we see that a lot of that growth is actually in urban centres. So, the gap between those who are not connected or not meaningfully connected is growing,” he said.
Dr Maida added that the trend underscored the need for the USPF board to intensify efforts to bridge both access and usage gaps across the country.
Both officials emphasised the importance of collaboration, sustainable investment models and improved digital literacy to ensure that connectivity translates into real economic benefits for Nigerians.
E-Business
Jury Finds Meta, Google Liable for Woman’s Social Media Addiction

A jury in Los Angeles has found technology companies, Meta and Google liable for contributing to a young woman’s social media addiction, in a case being described as a landmark ruling.

The 20-year-old woman, identified only as Kaley, argued that she became addicted to Google’s YouTube and Meta’s Instagram from an early age due to their attention-driven design features.
According to her testimony, she began using YouTube at the age of six after downloading the app on her iPod Touch to watch videos about lip gloss and online games.
Kaley told the court that she joined Instagram at nine, bypassing parental restrictions put in place by her mother, and spent extended periods on social media.
The trial, which lasted about a month, with arguments and evidence from both sides.
Jurors also heard testimony from Mark Zuckerberg, chief executive, Meta and Adam Mosseri, Instagram head.
However, Neal Mohan, YouTube chief executive, did not testify.
The jury found that the companies were negligent in the design of their platforms and failed to adequately warn users about potential harms. Meta and Google were ordered to pay the woman $3 million in damages.
Jurors also recommended additional punitive damages, including $900,000 against YouTube and $2.1 million against Meta, according to company spokespersons.
The jury apportioned 70 per cent of the responsibility to Meta and 30 per cent to YouTube.
Kaley was present in the courtroom when the verdict was delivered, alongside parents of other teenagers who say they were harmed by social media use. Both companies said they plan to appeal the decision.
“We respectfully disagree with the verdict and will appeal. Teen mental health is profoundly complex and cannot be linked to a single app. We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online”, a Meta spokesperson said.
José Castañeda, Google spokesperson, said the case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.
E-Financial3 days agoBreaking…..Kuda Lays Off Many Employees in Broad Restructuring
Telecom3 days agoGoogle Rolls Out Search Live AI to 200+ Countries, Including Nigeria
E-Financial3 days agoCBN Bars Chronic Loan Defaulters from Accessing Loans
E-Financial3 days agoNDIC Insures 99 Percent of Bank Customers
E-Business3 days agoFG Shifting Focus to “Meaningful Connectivity” to Drive Inclusion – Minister
General News2 days agoAnti Graft Agencies Raise Alarm over Rising Crypto-Linked Financial Crimes
E-Business2 days agoNITDA Takes Over National Digital Architecture System
E-Financial15 hours agoCBN bars large‑ticket loan defaulters from banking services in tough new crackdown



















