General News
Nigeria Will be Industrialised, Transformed Economy- Coker

Tunde Coker, managing director of Rack Centre since July 2014 has within a short time built a reputation for innovation and the democratisation of IT business in Nigeria.
Coker, a Mechanical Engineering graduate from Glamorgan University, Wales has worked with Ford of Europe; and Cap Gemini, a global top 5 business and technology consultancy.
During the 2000s, he held various roles; MD/CEO at an eMC Saatchi, an M&C Saatchi company, Global IT Applications Director at BP the oil major, and prior to coming to Nigeria in 2009, he was Chief Technology Officer for Criminal Justice in the UK and CIO for Ministry of Justice.
Access Bank brought Coker back to Nigeria as Group CIO in 2009; and he was engaged on the exciting journey to transform the bank to one of the leading banks it is today.
In 2013, he left to join Emerging Markets Payments as MD West Africa.
He believes that Nigeria will be an industrialised and transformed top 20 global economy and is very pleased Rack Centre is a key part of that journey.
About Rack Centre
In late 2012, Jagal, a Nigerian conglomerate holding that operates leading energy businesses and manages a diverse portfolio of investments identified a significant market opportunity and potential demand for high quality, reliable, secure and scalable carrier neutral colocation space, leveraging 20,000 square metres in Oregun, 30 metres above sea level, private secure access within an industrial area and access to a wide range of utilities; an ideal location for a data centre.
The vision was for Rack Centre to be the leading data centre in Sub-Saharan Africa; delivering robust colocation services to world class standards. A modular, off-site constructed facility was preferred for two key reasons:
1. To allow for the site to scale to meet demand over multiple phases. Modular scalability is ideal for what was a nascent market at the time and projected to grow at double digits.
2. To provide a facility with a finished build quality to match any new build in Europe or America.
Rack Centre is built to world class standards and the first West African data centre to receive Tier III Design certification in 2014.
It is truly carrier neutral; this means it has all the leading telecommunications providers connected, the widest choice in West Africa and more than any of the local Tier lll data centres.
It is the primary host for the Internet Exchange Point of Nigeria. This is significant as customers located at Rack Centre have direct connection to the IXPN giving significant benefits in customer experience for Internet services.
Rack Centre Level of Certification and Benefits
Rack Centre is Design Certified to Tier III by the Uptime Institute, the global authority for data centre certification. The Uptime Institute is “The Global Data Centre Authority” that facilitates and certifies data centres around the world on their reliability and uninterruptible availability.
It also delivers due diligence assessments and certifications of site infrastructure and site management in accordance with the Tier and Operational Sustainability Standards in over 40 countries worldwide.
Tier certification is the validation of the reliability inherent the design of the data centre. There are four tiers of certification.
Tier I being the lowest, Tier IV, the highest and are subject to stringent qualification criteria. Tier III is the highest possible in most parts of the world.
For instance, a Tier II data centre has a design downtime of 22 hours per year, a Tier III just 1.6 hours allowable. A large difference that matters for companies that must have reliable IT.
If the data centre is down, the business is down. I am pleased to note that since commissioning over 24 months ago, Rack Centre has had 100% uptime.
Tier certification is analogous to a driving licence. It is the stamp of minimum certified proficiency. You would not hire a driver without a driving licence, just as it is not advisable to trust critical IT assets to uncertified data centres or where the tier level does not meet your enterprise risk criteria.
Managing the Power Supply Challenge in the Country
We have designed and in place very sophisticated power architecture that is a component part of the design certification.
At the time of commissioning we assessed and found grid utility did not meet our reliability and dependability standards.
So we currently run on fully redundant diesel power generation. The utility power situation has since changed and we are now implementing industrial dedicated utility power with a substation at Rack Centre.
This will be live in Q 1 2016. We are undergoing detailed design for gas power which will come into play in 2017 giving multiple sources of power; utility, gas and diesel.
We may then consider getting the Tier IV certification, which may well be another first in West Africa. Our technology is highly efficient and we achieve average Power Utilisation Effectiveness (PUE) of 1.5 compared to a typical PUE of 2.5 in the region. This is outstanding for the local climatic conditions we have.
Some content providers as well as state governments have attributed security concerns as responsible for them hosting their servers outside. How would you react to this and does Rack centre have any security certification to address this concern?
Our data centre is designed and sited with effective security within a private estate. There are ten (10) layers of physical security combined with both card and biometric access control devices.
CCTV monitoring of the entire facility is available 24/7/365 with six months of footage immediately available for review on request.
This is monitored round the clock by our Command Centre. The physical security/access control system is a major innovation on its own. The ten (10) layers of physical access control starts right from the first gate all the way to the racks combining manned gates, card access control systems, biometric access control systems and physical locks and keys that ensure that access is strictly on an “authorised-need-to-access” basis. Customers are able to limit access to racks down to individual employees.
This gives our clients a high level of assurance that infrastructure colocated with Rack Centre “lives” in a very secure environment. We operate the business to international security and service management standards.
Software security is down to the responsibility of the clients, although we ensure the delivery of communications links to the racks are highly secure.
Customers who colocate their assets at Rack Centre have been amazed at quality of installation and ongoing service, which then gives the confidence and peace of mind on the security of their IT assets.
Data centre outsourcing is a new line of business for Banks, Telcos among others. Why should a bank or any other organization consider Rack centre data centre?
A data centre is the bedrock of an organisation’s IT systems. If the data centre is down, all systems are down, and more importantly your business.
So CEOs want to ensure reliable data centre however, many organisations today cannot afford the huge upfront capital cost of building a new, efficient data centre to meet new demands for reliable IT.
It takes millions of US dollars to build an efficient data centre; a key asset, but non-earning asset. Not only does building a data centre require specialist expertise, running and sustaining the quality requires continuing focus and investment. By outsourcing, they;
1. Avoid immediate and future growth fixed infrastructure investments,
2. Have immediate access to required capacity. Data centers can typically take up to 18 months to construct,
3. Access to future capacity is matched by Rack Centre’s scalability to their business IT demands,
4. Can invest capital and time into earning assets and their core business, and
5. Option of colocating prime or disaster recovery infrastructure,
6. Leave the growing complexity of managing power and environmental issues to data centre specialist such as Rack Centre.
CIOs and CEOs that colocated at Rack Centre say they can sleep at night with the reliability they get from colocating at Rack Centre.
As a carrier neutral facility, the broad range of telecommunications companies connected to Rack Centre gives choice of connectivity providers to our clients. Rack Centre is modular and highly scalable.
The significant growth of IT and data demand means client owned data centres are reaching capacity or over loaded with the headache of having to extend their data centre facilities.
What is nature of your support in terms of tailored services to SMEs? We work with our Reseller partners to provide hosting, cloud, managed services and connectivity.
The hosting requirements for SMEs including cloud services can be tailored to meet individual requirements. This is significant as it now gives SMEs access to computing resources previously beyond their reach enabling them to focus on growing their businesses.
Challenges of Operating in Nigeria
There are two key challenges; power and talent. We address both by ensuring we put in place the right processes and focus on enterprise risk management. I have mentioned our sophisticated power architecture.
We have tightly managed processes in place to ensure diesel quality; have a fuel testing lab, and we test and segregate all deliveries.
Our minimum standards are to the European and US standards of 9% and 5% maximum impurity levels respectively.
On people, we have a high level of focus on our people development to world-class standards.
Our staff are exposed to the same training experienced by any leading data centre provider in the world. People and competency management is central to our core values.
Assessment of IT Regulations in the Country
We do have some regulations that support local content that are being increasingly enforced. When we did not have the data centre quality such as Rack Centre in the country, companies that sought quality had no option but to look abroad.
At that time, insisting on local content where local quality was not there would embed mediocrity. Now we have proven world class facility and the capacity locally, those laws can be enforced.
We do have local manufacturing of computers and other hardware and carefully thought out policies that encourage the patronage of locally produced products should be considered.
Not ban imports, but make local products as competitive and more attractive based on normal market forces.
General News
Fiona Ahimie Launches LEADHER Mentorship Session to Inspire the Next Generation of Female Leaders

As part of activities leading up to her investiture as the 14th President of the Chartered Institute of Stockbrokers (CIS) and the first female President in the Institute’s history, Dr. Fiona Ahmed Ahimie, Managing Director of First Securities Brokers Limited, hosted the inaugural LeadHER Mentorship Session last week.

The session, themed “Leading with Purpose, Breaking Barriers, Building Legacy,” brought together emerging female professionals and aspiring leaders from across various industries for an engaging afternoon of mentorship, learning, and empowerment.
The LeadHER Mentorship Session was designed to provide participants with practical insights into leadership, career advancement, personal development, and navigating challenges in the traditionally male-dominated sectors.
Through candid conversations and shared experiences, attendees gained valuable perspectives on building successful careers while creating lasting impact within their organizations and communities.
Speaking at the event, Dr. Ahimie noted that leadership is not merely about achieving personal success but about creating pathways for others to thrive.
“Throughout my professional journey, I have benefited from the guidance, support, and encouragement of remarkable mentors. The LeadHER Mentorship Session is an opportunity to pay that forward by equipping and inspiring the next generation of women to pursue excellence, embrace leadership opportunities, and break barriers with confidence,” she said.
The mentorship session forms part of a broader commitment to advancing female participation and leadership within Nigeria’s financial services industry and the wider corporate ecosystem. It also reflects Dr. Ahimie’s longstanding dedication to talent development, professional excellence, and inclusive leadership.
The event provided a platform for meaningful dialogue, networking, and knowledge sharing.
Dr. Ahimie’s investiture as President of the Chartered Institute of Stockbrokers marks a historic milestone for the Institute and the Nigerian capital market, underscoring the growing role of women in shaping the future of the financial services industry.
General News
How Haneefah Adam Beat Artists Nationwide to Win Prestigious Futures Art Award

Ventures Platform and the Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, are pleased to announce Haneefah Adam as the winner of the inaugural Ventures Platform–YSMA Futures Art Award, a pioneering public art commission established to support artistic innovation and future-focused cultural expression in Nigeria.

L-R: Kola Aina, Founding Partner, Ventures Platform; Dotun Olowoporokun, Managing Partner, Ventures Platform; Haneefah Adam, Artist and winner of the Futures Art Award; and Jess Castellote, Director, Yemisi Shyllon Museum of Art, Pan-Atlantic University during the Presentation of the Ventures Platform-YSMA Futures Art Award at Ventures Platform’s 10th Anniversary Dinner in Lagos on June 19, 2026.
The announcement was made during the 10th Anniversary Dinner of Ventures Platform in Lagos, where Haneefah was formally recognized following a competitive national selection process that attracted submissions from artists and art collectives across Nigeria.
As the winner of the Award, Haneefah will be commissioned to create a 12-foot public sculpture titled Bloom in Unexpected Places, which will be permanently installed within the YSMA and Pan-Atlantic University environment.
Selected through a rigorous jury process involving leading artists, curators, scholars, and cultural professionals, the proposal distinguished itself through its originality, conceptual strength, artistic ambition, and thoughtful engagement with the Award’s central theme: Reimagine the future and build into form through art.
The work explores themes of growth, resilience, innovation, and possibility, inviting audiences to reflect on how creativity and human ingenuity can flourish in unexpected circumstances and environments. Through its scale and public presence, the installation is intended to spark conversations about the future while enriching the cultural landscape of the University and the wider community.
The Award represents a landmark moment in Haneefah Adam’s artistic journey. While she has earned recognition for her innovative and socially engaged practice, this commission marks her first institutional award, her first major public art commission, and the largest public artwork of her career to date.
Speaking on behalf of YSMA, Museum Director, Jess Castellote described the Award as an important investment in both artists and public culture.
“At YSMA, we believe museums have a responsibility not only to preserve cultural heritage but also to support the creation of new cultural futures. Haneefah’s proposal impressed the Jury with its clarity, imagination, and relevance to contemporary conversations about innovation and possibility.
“We are delighted to support the realization of this ambitious work and to welcome it into the Museum’s growing public art programme.
“The Ventures Platform–YSMA Futures Art Award demonstrates what is possible when cultural institutions and private-sector partners work together to invest in creativity and public engagement.”
For Ventures Platform, the Award forms part of its broader vision of supporting the systems, ideas, and people shaping Africa’s future.
According to Kola Aina, Founder and General Partner of Ventures Platform: “As we celebrate ten years of backing visionary founders across Africa, we wanted to create something that reflects our belief that innovation is not confined to technology or business alone.
“The future is also imagined through culture, creativity, and the stories we tell about ourselves. This Award represents an investment in imagination itself.
“Haneefah’s proposal captures that spirit beautifully, and we are excited to see it come to life as a public artwork that inspires curiosity, reflection, and optimism.”
The Award is one component of a broader three-year collaboration between Ventures Platform and YSMA, which also includes entrepreneurship-focused masterclasses, guest lectures, and student engagement initiatives within the Pan-Atlantic University ecosystem.
Supporting the long-term legacy of the programme is Atsur Technologies Ltd, the exclusive Provenance Infrastructure and Physical-Digital Documentation Partner for the Ventures Platform–YSMA Futures Art Award. Through this partnership, every commissioned artwork produced under the Award will be professionally digitized, authenticated, and recorded using Artsur’s provenance and collection management technology, ensuring robust documentation of the artist’s creative process, the artwork’s history, and its enduring place within Nigeria’s cultural record. This partnership reflects a shared commitment to strengthening transparency, documentation standards, and the long-term preservation of contemporary African artistic production using innovative technologies.
Commenting on her selection, Haneefah Adam expressed gratitude for the opportunity and excitement about the journey ahead.
“I am deeply honoured to be the inaugural recipient of the Ventures Platform–YSMA Futures Art Award. To have my work selected from among so many strong submissions is both humbling and encouraging. Bloom in Unexpected Places is rooted in the belief that creativity, hope, and transformation can emerge even in the most unlikely circumstances. I look forward to working with YSMA and Ventures Platform to bring this vision into the public realm and create a work that invites people to think differently about the future.”
Beyond the commissioning of a single artwork, the Ventures Platform–YSMA Futures Art Award seeks to establish a new model for collaboration between the cultural and innovation sectors. By positioning artists as active participants in conversations about technology, entrepreneurship, and societal transformation, the Award expands the ways in which the future can be imagined, questioned, and made visible.
As work begins on Bloom in Unexpected Places, the project signals a bold commitment by both Ventures Platform and YSMA to nurturing creative talent, supporting public art, and fostering interdisciplinary approaches to shaping the future.
General News
ALTON Backs CBN on Local Data Hosting Rule for Banks, Fintechs

Association of Licensed Telecommunications Operators of Nigeria (ALTON), official industry body and advocacy group for major telecommunications providers in Nigeria, has backed the Central Bank of Nigeria’s (CBN) directive requiring banks and fintechs to host payment transaction data locally.

Gbenga Adebayo, chairman, ALTON
Gbenga Adebayo, chairman, ALTON, said this in an interview with the News Agency of Nigeria (NAN) in Lagosat the weekend.
His position follows a recent CBN directive mandating that banks, fintechs, and other payment service providers store payment transaction data generated in Nigeria on local servers from January 1, 2027.
The directive forms part of measures aimed at strengthening oversight of the country’s rapidly growing digital payments ecosystem.
Adebayo said data sovereignty required countries to take responsibility for their entire data value chain.
According to him, this covers data collection, management, storage, and integrity assurance.
“We cannot continue to outsource that to other jurisdictions.
“The more we host our data locally, the better for us,” he said.
Adebayo said local hosting would enable Nigeria to manage data end-to-end and guarantee the integrity of critical information.
He noted that hosting payment data outside the country increased communication requirements, latency, and retrieval costs.
“For every transaction involving data hosted outside our shores, communication has to take place from your location to the host and back.
“It increases latency and also increases the cost of data retrieval,” he said.
The ALTON chairman described the directive as an important first step toward achieving national data sovereignty.
He also dismissed concerns about infrastructure readiness, saying Nigeria already had significant data center capacity.
According to him, several Nigerian-owned facilities currently host data for organisations operating from other jurisdictions.
“I’m happy to say that we have a lot of data centres owned and managed by Nigerians that are hosting data from other jurisdictions.
“If people overseas can host their data here, why can’t we host our own data here?” he queried.
Adebayo argued that local hosting would reduce dependence on foreign infrastructure while improving national control over data security.
He said concerns about security and reliability should not justify continued reliance on foreign hosting providers.
“No one can protect your house better than yourself.
“You have more at stake in terms of security and safety than somebody else hosting your data,” he said.
The telecom industry leader also highlighted the cost implications of local hosting.
He said organisations that host data locally would pay in local currency rather than foreign currency.
According to him, this would help reduce exposure to exchange rate pressures and lower long-term operating costs.
Adebayo said Nigeria currently had about six Tier III data centres, with additional facilities under development.
He, however, stressed that capacity was more important than the number of facilities.
“It’s not just about the numbers; it’s about the capacity of what they can host.
“So far, we can,” he said.
He urged stakeholders to accelerate efforts toward domestic data hosting and management.
“The earlier we begin to domesticate our data hosting and data management, the better for us,” Adebayo added.
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