News
Nigeria Innovation Summit ‘17 To Discuss Tech, Innovation for Economic Transformation

Nigeria Innovation Summit, an annual event that brings together stakeholders from different sectors of Nigeria’s economy to share ideas, trends, and opportunities around technology, innovation and entrepreneurship development in Nigeria, is scheduled to hold from September 7-8, in Lagos.
The Summit, according to Emerging Media the organizers, seeks to promote the need for Nigeria to become more innovative and apply innovation across all sectors to drive economic growth and sustainable development through emerging technologies, research & development, entrepreneurship, commercialization and investments as key drivers of an innovation ecosystem.
Speaking on the need for such Summit at this time, Mr. Kenneth Omeruo, MD/CEO, Emerging Media said, “Nigeria has the potentials to be a global economic power if we embrace and invest heavily in technology and innovation. Every sector in Nigeria’s economy needs disruptive ideas driven by technology. Right now we are nowhere in the global innovation index and the world is moving at a very high speed. It is instructive to note that Tunisia ranked 45th and Morocco 50th as the only African countries mentioned in the 2017 Bloomberg Innovation Index, which scores economies using factors including research and development intensity and the concentration of high-tech companies. South Korea, Sweden, Germany, Switzerland, Finland are the top five countries in that index. I think there is so much to learn from these countries. We should be implementing policies and investments that will encourage technology, innovation and entrepreneurship in Nigeria. The Nigeria Innovation Summit 2017 is offering a platform to engage stakeholders across all sectors on the need for such.”
He further emphasized the urgent need for Nigeria to invest in innovation, research and technology development, in order to become an innovation-driven nation and hence, improve in the Global Innovation Index ranking, attract foreign investments and boost the economy and life of the people.
The 2017 Summit under the theme ‘Transforming Nigeria’s Economy through Technology, Innovation and Entrepreneurship’, Mr. Omeruo said, provides opportunities for the 36 States, Ministries, Departments and Agencies of Government as well as Corporate bodies to showcase their agenda for digital transformation and innovation agenda.
He described the Summit as a platform that creates awareness on the need for Open Innovation in Nigeria where the government, industries across all sectors, academia, entrepreneurs collaborate to solve the problems of economic growth in Nigeria.
Also speaking, Mr. Tony Ajah, the Director of Nigeria Innovation Summit (www.innovationsumit.ng), said that the 2-day Summit will feature Keynote Speeches, Panel Discussions, Exhibitions, Workshops, and the Nigeria Innovation Awards. The expected delegates for the Summit are Government Representatives, International Organisations, Investors, Business leaders, CEOs of Companies and Organisations, Innovators, Academics, Start-ups and Entrepreneurs.
The Summit Sessions will cover sub-topics as: How to transform the challenging economy in Nigeria through Technology, Innovation and Entrepreneurship; How Nigeria can build a sustainable Innovation Ecosystem and become more Innovative; Exploring the Concept of Open Innovation; Innovation in Telecommunications, Infrastructure Development and the Mobile Ecosystem; Innovation in the Manufacturing Industry and Innovation through Emerging Technologies; Big Data, Data Centres, Cloud Computing, IoT, Wearable Technologies, Cyber-security, Robotics, Virtual Reality and Smart Cities.
Other areas are Innovation in Power and Renewable Energy; Innovation in Oil and Gas; Agriculture; Banking, Finance, Funding and Investment; e-Commerce Industry; Small Businesses, Start-ups, Entrepreneurship Community; the Academic Community; Public Health and the Health Industry and Innovation in Media, Public Relations, Social Good and the Entertainment Industry.
Over 400 delegates are expected to attend this year’s Summit. And the Summit offers organizations a platform to connect with these top decision makers, cutting across all sectors of Nigeria’s economy.
“We have confirmed international participation from the following organizations: International Society for Professional Innovation Management (ISPIM) UK, Research Institute for Innovation and Sustainability (RIIS), South Africa, African Innovation Foundation and great support from Ideation International Inc., USA, and the Israel Start-up Network.
Delegates for this year’s Summit will learn from leading innovation ecosystems around the world and from innovation experts who will facilitate the sessions. “The States have an opportunity to showcase and promote her innovation at the Summit. So, we urge them to visit www.innovationsumit.ng for more details.
We are proud to announce CIHAN Group, operators of Digitalprwire as our official Media and PR Agency for this year’s Summit. We have seen their robust and disruptive work and platform for digital innovation in Africa and are convinced of a great outcome working together.
News
Cybervergent Expands to Three New Markets

Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.
It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.
An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.
It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.
According to Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.
Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.
The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.
“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”
Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.
The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.
News
FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

Minister of Education, Tunji Alausa
Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).
Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.
He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.
“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.
According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.
Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.
The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).
In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.
The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.
He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.
Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.
News
Africa Fintech Revenues to Hit $65 billion by 2030 – Report

African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.
While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.
The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.
Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.
Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.
Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.
By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.
Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.
The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.
Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.
Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.
Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.
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