E-Business
Maximizing IT as Business Enabler

The era of running your business with “GUT FEEL” or Speculations is going extinct in Nigeria. Neither will “Peer Pressure” effect of everyone is doing it so I must do it be any beneficial to any business.
Every business, small or big, need proper intelligence to fuel strategy to advance the business.
The influence of Information Technology (IT) and market opportunities on business and its effect on emerging small businesses is something for most business to give attention to. Information Technology (IT) has grown to be an essential component of any firm’s strategy in the market place.
Information Technology has shown to be a transformation agent. Here, new technologies enable firms to radically transform their business, sometimes creating something that is unrecognizable as deriving from the former business.
The truth is, any business that is not embracing technology as a business enabler is doing business at its own peril.
Everyone will agree that business productivity can be traced to an organization’s ability to successfully execute on overall strategy.
If execution of strategy is the key to a successful business — what are the steps to increasing your business productivity for greater execution on your strategic goals?
How do you know your business alignment and people performance are working at optimal levels to maximize business productivity resulting in the best possible results?
This is where information technology comes in. Information technology provides the bridge between strategy, execution and performance.
Using technology to maximize your business productivity creates the platform to realize true business success.
However organizations need to understand their own DNA and strategy, and with that know for certain when, how and where to use IT to leverage the business for optimal performance.
Information Technology should be a business success enabler, but we’ve seen that in recent times that IT departments are more of a cost center for many organization than business success enabler.
The cost of IT not commensurate with the value it delivers. Should it be so?
I strongly believe that there should be a science to what and how technology can be used to enhance which business process for maximal performance.
I also believe the very first question businesses should ask before spending money or time on technology is, “why am I doing this?” If there is not a core business benefit to be gained, why do it in the first place?
For IT to be maximized as a business enabler, business managers should invest time and money to answer the following:
1. Why is the technology needed and for which business process?
2. How much, comparatively in size and industry specificity, does go into IT spend in a financial year?
3. What costs should be considered to be part of your IT budget? These costs are broken down into several categories:
Initial cost – hardware and software, and training
Ongoing cost – maintaining systems, including licenses for proprietary software, hosting, and support.
Upgrade cost – cost of upgrades, and expected lifespan of systems/frequency of upgrades.
Value proposition – how much employee time will the system save? How much new business could the system generate?
Opportunity cost – how much potential revenue is lost by not implementing a system? What are your competitors doing in this area?
Risk – what are the risks of a particular system? What does it cost to mitigate those risks?
4. Where should you be spending the IT budgets? Should you spend most of your technology budget on infrastructure, hosted applications, custom line-of-business applications, or what? The answer to this depends a lot on your industry, but even more on your specific business.
5. When should you spend on technology and to what extent? Technology has a cost not just in dollars, but also in the time you and your employees need to spend adapting to it.
6. Who? You need to decide who to help you implement technology in your business. Will you do it yourself? Do you purchase an off-the shelf product? Do you use free software? Do you hire a programmer to create a custom system? Do you use a hosted system? Do you hire a consultant to help?
In conclusion, a strong plan for use of technology should be a part of every business plan, and re-evaluated whenever taking a strategic look at a business. Technology is both a cost of doing business, and an opportunity to do more business.
I think it’s time for CIOs and business managers to take a step back and look at the big picture of technology in business.
Bola Adisa is an IT Business Analyst based in Lagos Nigeria. He currently leads the West Africa sub-region, out of Lagos Nigeria, for a premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
E-Business
NDPC Investigates over 1,000 Schools over Data Privacy Compliance

Nigeria Data Protection Commission (NDPC) has commenced an investigation into over 1,000 education institutions across the country over compliance with the Nigeria Data Protection Act (NDP Act), 2023.

The move affects federal, state and private universities, polytechnics, colleges of education and technical colleges, marking one of the largest sector-wide compliance checks since the enactment of the law.
In a public notice issued on Thursday by Babatunde Bamigboye, head, Legal, Enforcement and Regulation, the Commission said the probe forms part of its ongoing sector-by-sector enforcement drive aimed at safeguarding the fundamental rights and freedoms of data subjects, as well as strengthening the legal foundation of Nigeria’s digital economy through the trusted use of personal data.
The NDPC directed the affected institutions to submit, within 21 days, evidence of filing their 2024 Data Protection Compliance Audit Returns, proof of designation or appointment of a Data Protection Officer including relevant contact details and a summary of technical and organisational measures adopted to protect personal data within their establishments.
It also requested evidence of registration as a Data Controller or Processor of Major Importance as required by law.
The Commission warned that failure to comply with the notice may result in the issuance of enforcement orders, imposition of administrative fines and possible criminal prosecution in accordance with the provisions of the NDP Act, 2023.
It stressed that compliance is mandatory and not optional for institutions that process large volumes of personal data
The education sector remains one of the biggest handlers of sensitive personal information in the country, including students’ academic records, admission details, biometric data, financial information and staff records.
With increasing digitalisation of admissions, online learning platforms and electronic documentation systems, concerns over data breaches and weak privacy safeguards have grown in recent years.
The Commission maintained that the investigation is in line with its statutory mandate under relevant sections of the Act empowering it to monitor, investigate and enforce compliance across sectors.
E-Business
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation

Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation.

The creation of the new subsidiary, ChamsCorp Plc, which took effect from February 1, was made known in a filing to the Nigerian Exchange Limited , according to an announcement.
Chams said that the new subsidiary, which is its 5th, will give a new dimension to its more than 40 years of work in building the digital ecosystem not only in Nigeria, but across the continent and the rest of the world.
The newly created company will focus on three major aspects, namely the manufacturing of digital devices and development of digital infrastructure and services; data center design, construction and operations, and the development and implementation of AI infrastructure and intelligent systems.
It will also contribute to its parent company’s digital ID, digital verification, and trust services offering.
“For nearly four decades, we’ve enabled trust in transactions and identity. Now, we go furthe”
Chams is expanding into AI, data centre infrastructure, and intelligent systems, building the backbone for Africa’s digital transformation,” the company wrote in a LinkedIn post.
“We are not just participating in the future. We are engineering it,” the message added.
According to the Chams announcement, a decision of its Board of Directors appointed members of the pioneer board of ChamsCorp Plc, with renowned banker Mohammed Bashir Yunusa designated as Chairman.
He is described as a well-known finance expert who specializes in deal structuring, corporate and retail finance, business strategy, digital transformation, and Islamic Finance and Banking.
With more than 10 years of experience in the financial services industry, Yunusa currently serves as head of Consumer and Digital Banking for Non-Interest Banking Retail at Sterling Bank Nigeria, and will also serve as a non-executive director on the board.
“Chamscorp is designed to take our most ambitious ideas to market at speed and scale. As Africa’s digital economy evolves, we are focused on delivering transformative solutions that empower governments, businesses, and citizens alike,” Femi Oyenuga, CEO, Chams, commented on the development.
Chams has over the years played a major role in contributing to Nigeria’s digital ID ecosystem development to facilitate access to financial services.
In 2023, the company Group Chairman publicly stated that in providing such digital services to the Nigerian government, it had incurred debts estimated at $100 million and were planning to change their business model as a result.
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