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
EFCC Declares Tejuosho, City Boys Movement’s Women Leader Wanted over “419”

Economic and Financial Crimes Commission (EFCC,) has declared Halimat Adenike Tejuosho, a women leader of the City Boys Movement, wanted.

Halimat Adenike Tejuosho,
A notice issued by the EFCC on Monday via X said Tejuosho has been declared wanted over an alleged case of obtaining money by false pretence.
The notice was signed by Dele Oyewale, head of Media and Publicity for the EFCC.
The anti-graft agency called on members of the public with useful information about her whereabouts to contact any of its offices nationwide.
The Commission also urged the members of the public to reach out via its official phone lines or email, or report to the nearest police station or other security agencies.
Recall that the City Boy Movement recently appointed Tejuosho as the South-West Zonal Women Leader.
According to a statement signed by the Movement, Tejuosho is to provide strategic leadership and coordination for women-focused activities in the zone, driving political mobilization, civic engagement, and advocacy.
General News
Afreximbank to Fund 3 New Refineries in Nigeria

African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum products and strengthen local refining capacity.

Denys Denya, senior executive vice president of the bank, made the disclosure on Monday during a virtual media briefing focused on the institution’s 2025 financial performance, crisis response initiatives, and long-term industrialisation strategy.
“We are also financing refining on the continent, which will alleviate the importation of refined products. We are not only supporting Dangote; we’re supporting three other refineries in Nigeria,” Denya said.
The briefing, which focused on the bank’s 2025 financial performance, crisis response initiatives, and industrialisation strategy, also featured a question-and-answer session with journalists across Africa.
Denya explained that the push into refining is driven by recent disruptions in global supply chains, particularly linked to tensions in the Middle East, which have raised the cost and complexity of fuel imports for African economies.
According to him, Afreximbank has adopted a dual approach of supporting immediate trade finance needs while investing in long-term productive capacity to reduce structural import dependence.
He said, “For import-dependent economies, the cost of import is very high… so we have taken a proactive approach of engaging with financial institutions on the continent to increase their facilities so they can issue high-value letters of credit.”
The bank’s intervention is backed by a $10bn Gulf Crisis Response Programme, designed to stabilise access to essential imports such as fuel, food, fertilisers, and pharmaceuticals, while also supporting sectors exposed to global shocks.
Denya noted that the facility is already seeing uptake from countries including Kenya, Ethiopia, and Tanzania, warning that demand could accelerate if geopolitical tensions persist.
Beyond short-term interventions, the Afreximbank executive stressed that financing refining projects across Nigeria and other African countries remains central to the bank’s long-term strategy of industrialisation and export development.
He said the bank’s support for large-scale industrial projects, including the Dangote Group refinery, reflects its commitment to reducing Africa’s reliance on imported refined products and strengthening regional value chains.
“Our support for industrialists who are making a difference on the continent is testimony to this approach. We will continue to champion projects that reduce Africa’s reliance on imported refined products,” he added.
Denya further disclosed that the bank is financing similar refining projects in Angola as part of a continent-wide push to achieve self-sufficiency in petroleum products.
The shift towards local refining, he explained, is also expected to improve macroeconomic stability by reducing foreign exchange pressures associated with fuel imports.
General News
MTN Powers the Ultimate Youth Link-Up with the Launch of Live It 100 Youth Campaign

The Gathering on 100 has officially concluded its pilot edition, closing out 100 continuous hours of culture, creativity, and community engagement at the National Stadium, Surulere. At the climax of the five-day immersive youth experience, MTN Nigeria and the gatherers of the event unveiled the defining message of the movement: “Live It 100.”

The event brought together thousands of young Nigerians in a massive convergence of music, sports, gaming, and creative sessions. From watching the sunrise for four consecutive mornings to actively shaping culture in real-time, attendees experienced a shared journey rooted in endurance and expression.
Operating under a partnership model rather than a traditional corporate sponsorship, MTN stepped back to let the youth lead. The techo embraced the primary narrative that “The Gathering is the fire; MTN is the oxygen”.
Karl Toriola, Chief Executive Officer, MTN Nigeria, said: “The energy we have witnessed here in Surulere over the past 100 hours is proof of the unstoppable spirit of the Nigerian youth. Our strategic intent was to position MTN as the critical engine behind this vibrant youth movement, ensuring the brand is seen as an enabler, not an intruder. The Gathering is the fire; MTN is the oxygen. ‘Live It 100’ is our commitment to powering the platform where the conversation happens. We are giving them the autonomy to lead, while we listen.”
A focal point of the event was the high-stakes Pitchathon segment, which provided a structured arena for startups to showcase working products. Rather than a traditional, heavily branded corporate event, the space felt authentic, unscripted, and transparent, allowing founders to interact directly with expert judges, potential investors, and a live audience.
Onyinye Ikenna-Emeka, Chief Marketing Officer, MTN Nigeria, shared: “The ideas and partnerships formed over these 100 hours show exactly what happens when corporate Nigeria is finally listening to young Nigerians. We recognise that traditional business engagement doesn’t always work for this generation, which is why we empowered the youth to lead. By supporting The Gathering, we are not just celebrating culture; we are fueling the young Nigerian through youth-led innovation and actively investing in their economic potential.”
Beyond business activity, the event recorded consistent engagement across its programming, providing deep insight into the evolving role of youth within Nigeria’s economy. The sustained 100-hour activity highlighted a growing, resilient base of digitally engaged participants who own their lanes and actively create their own opportunities.
As the event closed, MTN reaffirmed their commitment to expanding the platform, ensuring that The Gathering on 100 will continue to evolve as a vital space for both cultural expression and youth-led economic opportunity.
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