E-Business
Nextzon, Neptune Join Forces on Orbit Microfinance Application
Neptune Software Nigeria, a subsidiary company of Neptune Software PLC, United Kingdom has signed a landmark agreement with Nextzon Business Services Limited for the installation, configuration & implementation of its Orbit banking Solution for Microfinance banks in Nigeria.
Orbit Banking application, the highest ranked Microfinance Banking Solution in the world by CGAP review based in Washington DC, 2005-date, will be the software component of a simple, world class but cost effective ICT solution to Microfinance Banks in Nigeria based on Nextzon’s venturing and outsourcing business models.
Microfinance Banks face a long list of challenges including the requirement to acquire industry standard software, recruitment of competent IT professionals, investment in network and hardware, IT governance challenges and the need to manage customers and meet other underlying business objectives. Nextzon Business Services Limited has reviewed these challenges and has come up with a winning strategy that will assist microfinance banks overcome them cost effectively.
"The initiative is breathtaking and is round about the first in the West African continent. The benefits are immense considering the fact that the solution suite is a complete package addressing all data processing issues, transaction processing, IT management, customized implementation and training, localized support, 24/7 availability, interface to payment networks including those that are local to Nigerian banks, and the possibility of sharing business ideas and user-group for the beneficiaries of this innovation", said Mr. George Agu, managing director of Neptune Software.
The Orbit Banking System was selected after a rigorous exercise including detailed assessment of over five world class microfinance solutions by highly qualified consultants. The choice of Orbit was influenced by its record in the Nigerian and wider African markets especially East Africa where it has demonstrated capability of handling complicated microfinance processes.
As part of the contract, Neptune shall supply modules of Orbit Core Banking System such as General Ledger, Deposit processing, Loans Processing, Report Wizard, Teller Processing, End of Day Processing, Relationship Information Management, Photographic and Signature Verifications among others.
Orbit has been installed in over 20 microfinance banks in Nigeria, ahead of this deal.
Mac Atasie, managing director/CEO, Nextzon Business Services, said at the signing ceremony that one key way they can achieve MFB objective is by selecting a compatible vendor who commands distinctive record in software development and implementation and at the same time has the various solutions that can be leveraged to mobilize customers, improve services and achieve the target bottom-line. "Our evaluation was thorough and we are in no doubt that Neptune’s Orbit shall deliver on this strategic initiative," he said.
Orbit Banking System is a functionality-rich banking solution designed to deliver robust solutions to meet all the needs of modern micro banks and other microfinance institutions. Orbit is a relationship centered solution for retail banking services. It has been designed specifically to maximize the efficiency of retail banking. The Orbit Banking System comprehensively supports, Deposit Management, Loan processing including Group Lending, CBN Regulatory Reporting, EFASS, System Administration and Relationship Information Management.
Nextzon Business Services Limited was incorporated on March 7, 2005 to carry on business as a corporate venturing and management / business advisory company. It also assists businesses in operating at world class levels and is the custodian and manager of an emerging group of companies which are set to compete favorably and exploit the commercial opportunities in their various markets.
E-Business
Firm Warns of Blackmail from Alleged “Hackers”, “Law Enforcement” and “Hitmen”

Attackers are incorporating personal details like full names and phone numbers in scam emails to appear credible and induce panic among victims. Scammers may pose as hackers with compromising data, law enforcement agencies issuing fake summons, or even hired assassins demanding ransoms. These threats often leverage techniques to evade email filters and other security solutions, underscoring the need for heightened vigilance.

In the most common variant, scammers impersonate hackers who claim to have infiltrated the victim’s devices. They allege to have access to cameras, microphones, browsing history, and sensitive files, often threatening to release explicit content captured via webcam or screen recordings supposedly taken whilst the victim was watching adult content.
Demands typically involve hundreds of US dollars in cryptocurrency, with promises to delete the data upon payment. These emails may include detailed narratives of the supposed breach, including explanations of malware types and advice on better security – ironically, tips that align with genuine best practices.
Another scam twist involves fraudsters posing as hired hitmen. In this scheme, the sender claims a contract has been placed on the victim’s life but offers to spare them if they outbid the original payer.
The email includes a cryptocurrency wallet for the ransom, framing the scammer as a “merciful” intermediary. This variant relies on fear rather than embarrassment, promising the victim’s life in exchange for payment.
Another prevalent tactic sees scammers masquerading as law enforcement agencies, such as Europol. Victims receive emails with attached PDF or DOC files containing fake summonses accusing them of serious crimes like child exploitation, exhibitionism, or human trafficking.
These documents cite fabricated articles of legal codes, feature forged signatures and seals, and urge immediate contact via a provided email to “resolve” the matter. Upon response, the “authorities” demand paying fines to avoid prosecution, often leading to cryptocurrency transfers.
“To slip past protective solutions, scammers employ various evasion tactics. These include embedding the main threat in attachments to avoid body text scanning, mixing letters from different alphabets (e.g., replacing Latin letters with similar Cyrillic ones), adding diacritical marks via HTML codes, varying fonts in HTML markup, inserting random symbols or punctuation between words, and hiding text in invisible HTML tables.
“Such “noise” makes detection by security solutions more difficult, as each email variant appears unique while remaining readable to humans. For example, cryptocurrency wallet addresses might be obscured with HTML entities to evade filters without hindering the victim’s ability to copy them,” comments Anna Lazaricheva, Senior Spam Analyst at Kaspersky.
E-Business
Nigeria to Unveil Single-Entry Emergency Passport for Citizens Abroad

Nigeria Immigration Service (NIS) is developing a Single-Entry Emergency Travel Passport (STEP) to replace the current Emergency Travel Certificate (ETC).

STEP will aid stranded Nigerians abroad; aligns with broader immigration and border control reforms
Comptroller General Kemi Nanna Nandap announced the initiative this week during a policy meeting organized in partnership with the French government.
Nandap explained that the STEP will serve as a temporary travel document for Nigerian citizens abroad whose passports have expired, been lost, or stolen, enabling them to return home safely.
The new document is part of broader immigration reforms aimed at strengthening identity management and border control in line with global standards.
Since May 2025, Nigerian authorities have been pursuing wide-ranging immigration reforms focused on expatriate management and the visa system.
The measures seek to prevent misuse of expatriate quotas, encourage skills transfer, and streamline immigration procedures through digitization.
The reforms also reinforce the fight against human trafficking and migrant smuggling through tighter border control and better-coordinated migration management.
In October, authorities launched nationwide inspections targeting undocumented foreign nationals, particularly those who had overstayed their visas or violated entry conditions.
Offenders face sanctions such as overstay fines, deportation, and possible future entry bans.
The new STEP will be issued at designated Nigerian embassies and consulates abroad and will be valid for a single entry only.
E-Business
NITDA Highlights Economic Impact, Digital Transformation Gains, as ICEGOV 2025 Concludes in Abuja

The National Information Technology Development Agency (NITDA) has hailed the successful conclusion of the 18th International Conference on Theory and Practice of Electronic Governance (ICEGOV 2025) as a landmark moment for Nigeria’s digital economy aspirations, citing its direct contribution to research excellence, global collaboration and the nation’s ongoing digital transformation agenda.

Hosted in Abuja under the patronage of President Asiwaju Bola Ahmed Tinubu, ICEGOV 2025 convened global experts for four days of rigorous debate, innovative research presentations, and high-impact partnerships, a convergence that NITDA says aligns closely with the President’s redefined priority area of accelerating economic diversification through industrialisation and digitisation.
The conference, a United Nations University (UNU-EGOV) initiative founded in 2007, brought together academia, industry leaders, civil society, development institutions and government actors to shape the future of electronic governance. This year’s edition placed Nigeria at the center of global digital discourse, showcasing the country’s rising intellectual and technological capacity.
A total of 151 scientific papers were submitted by 308 authors from 33 countries, with emerging economies accounting for 68% of participating scholars, a clear sign of the conference’s inclusive reach. Nigeria led global submissions with 102 authors, followed by Brazil, India, Portugal and Greece.
NITDA emphasised that this strong participation reflects the Agency’s decade-long investment in digital talent development, research funding and ecosystem strengthening, which are investments that are already translating into local and international recognition.
The conference also honoured outstanding research through its Best Paper Awards. Notably, Robert Ifeonu of the Central Bank of Nigeria earned the top award in the Research category for his paper “Micro-Transformation Framework for Public Sector Innovation: Catalysing Resilient, Outcome-Driven Digital Governance.” This, NITDA noted, underscores Nigeria’s emerging leadership in developing home-grown digital governance models capable of driving socio-economic impact.
In her closing remarks, Professor Delfina Soares, Director of UNU-EGOV, extended appreciation to NITDA Director-General, Kashifu Inuwa CCIE, for his early endorsement and strategic leadership in bringing ICEGOV to Abuja. She noted that the local partnerships and sponsorships facilitated by NITDA significantly enhanced the conference’s global value and strengthened Africa’s position in digital governance research.
Speaking on the event’s economic and strategic implications, NITDA affirmed that hosting ICEGOV 2025 delivered multiple layers of value, from boosting Nigeria’s reputation as a digital innovation hub to fostering partnerships that will stimulate new investments, research collaborations and capacity-building programmes.
The Agency added that insights and tools shared during the conference will further accelerate the actualisation of its digital transformation agenda, strengthen public sector efficiency and support the Federal Government’s commitment to economic diversification through digitisation and industrialisation. The knowledge exchange from ICEGOV, it said, will catalyse improved service delivery, enhanced regulatory frameworks and the deepening of Nigeria’s knowledge-driven economy.
As delegates departed Abuja carrying new research linkages and strategic commitments, NITDA reaffirmed its readiness to sustain the momentum, ensuring that Nigeria not only participates in global digital governance conversations but also shapes them.
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