E-Business
NiRA @10: Domain Name & the Growth of Nigeria’s Digital Economy

The Nigeria Internet Registration Association, (NiRA) in its 10th year anniversary has continued to emphasize on leveraging .ng domain name as part of indices to galvanise the nation’s digital economy.
Historically, NiRA was established on 28th March 2006 when stakeholders within the Nigerian Internet Industry got together to adopt its constitution, under the stewardship of an Interim Board of Trustees (iBoT).
The iBoT thereafter conducted an election that day, and the Pioneer Board of Trustees (BoT) was elected, with Dr. Isaac Odeyemi as the Chairman of the BoT. The current Chair of the BoT is Deacon Chima Onyekwere, OON.
The BoT thereafter conducted elections for the Pioneer Executive Board (EBoD), with the late Engr Ndukwe Kalu being elected as the Pioneer President of NiRA.
The late Kalu was succeeded by Mrs Mary Uduma, the immediate Past President who completed her term of office in 2015.
The current President of NIRA is Reverend Sunday Folayan.
Meanwhile, the transfer of the appropriate management of the .ng National Resource was coordinated by the National Information Technology Development Agency (NITDA) on behalf of the Federal government of Nigeria.
From inception, NiRA has been notable for broadening the scoop of digital economy which many presumed to imply the businesses conducted on the Internet.
In the 75th edition of the Association’s e-newsletter, Folayan identified that the digital economy is broader than this and represents the pervasive use of IT; hardware, software, applications and telecommunications, in all aspects of the economy, including internal operations of organizations: business, government and non-profit.
The Association rated domain name as one of the tools that have enhanced the growth of the digital economy.
“It has enhanced easy communication between the devices and the users. At the global scene, technology has become the major driving force for economic growth and the domain name system is one of the tools that have facilitated that growth.
“The digital economy, based on digital computing technologies, is developing in Nigeria. It is the single most important driver of innovation, competitiveness and growth, and it holds huge potential for Nigerian entrepreneurs and small and medium-sized enterprises (SMEs). The full implementation of the National BroadBand Plan is projected to enhance the Nigerian digital economy. We envisage very soon that more Nigerian enterprises would take full advantage of the new digital opportunities”.
Main Components Of Digital Economy Growth
Speaking further on the concept, he acknowledged that “Government policy and regulation are amongst the various components of digital economy. Other components include the Internet, and infrastructure such as electricity, the telecommunication industry, digital service providers, e-business and e-commerce industry, information and knowledge management systems, intellectual property rights, human capital and knowledge workers, research and development, and emerging technologies”.
“Based on the list above,” the NiRA said, “Nigeria and other African countries have to improve on these identified economic growth drivers at the global scene. We need to develop our local contents and drive the contents with our local resources. We can achieve this with increased investment in the domain name industry. We need to appreciate and utilize our .ng brand to reduce capital flight, encourage application designers and developers, website designers and developers and local content management”.
Also, Mrs. Edith Udeagu, chief operating office of NiRA recalled that in recent years, the concept of a digital economy has branched outside the commerce aspect of buying and selling electronic products online.
“Today, the idea also includes the use of virtual processes as part of the on-going operation of companies, the internal workings of governments, and the fast and efficient execution of transactions between businesses. As technology continues to advance, the digital economy is likely to continue expanding as a greater range of goods and services are offered online (electronically), allowing consumers to fulfil their needs and wants at an accelerated rate.
“Given its expected broad impact, traditional firms are actively assessing how to respond to the changes brought about by the digital economy. For corporations, the timing of their response is of the essence. Banks are trying to innovate and use digital tools to improve their traditional business. Governments are investing in infrastructure and e-government,” the COO explained.
NiRA further warned that businesses that fail to get digitally connected might become excluded from the global market.
“We can state that in Nigeria, a .ng domain name is veritable to start to commence an online business. NiRA the managers of the .ng country code Top Level Domain for Nigeria, through its accredited registrars offer exciting names. You can register your preferred .ng domain name. For more information on NiRA and its activities, please visit our website www.nira.org.ng,” the Association urged Nigerians.
E-Business
Report Shows Start-ups Fuel Innovations in Africa

Bloomberg has released its second annual “25 African Startups to Watch” list, underscoring the growing influence of venture-backed innovation across the continent.

Published thursday, the list highlights companies building solutions in “environments where infrastructure or systems have failed to deliver.”
The featured start-ups build solutions to challenges such as accessing healthcare in Chad, moving goods in Kenya, securing loans in South Africa, and safeguarding borders in Nigeria.
Nigeria, South Africa and Kenya jointly lead with four companies each, reflecting the ongoing strength of Africa’s three most visible start-up ecosystems.
The 25 companies span 13 countries and sectors including healthcare, fintech, security, climate resilience, waste management, and transport.
Nigeria’s four startups are 10mg Health, Remedial Health, Sycamore and Terra Industries, covering areas from healthcare financing and pharmaceutical supply chain integrity to digital lending and defence technology.
South Africa’s contingent includes Omnisient, Amesect, AURA and Jem. Omnisient uses grocery purchase data and AI to extend credit to those outside traditional financial systems.
Kenya’s notable four include Zeraki, a school-data analytics platform partnering with Safaricom to reach secondary students across the country.
According to Bloomberg, a defining theme this year is the source of funding.
Nearly half of the total capital raised by these start-ups came from African investors, marking a shift from previous years when international capital predominantly drove early growth.
International backers such as 8VC, controlled by Palantir Technologies co-founder Joe Lonsdale, and Google continue to see value in investing in African companies, Bloomberg noted.
The report also highlights that start-ups across the continent almost doubled their debt fundraising in 2025, even as equity financing from venture capital firms declined.
Separately, the Start-up Ecosystem Report 2026 states that Kenya has overtaken Nigeria as Africa’s top startup investment destination, attracting $984 million in 2025.
Jennifer Zabasajja, Bloomberg Television’s chief Africa correspondent and anchor, highlighted the dual significance of the list, the variety of solutions being built and the growing role of African-sourced capital in backing them.
She noted that the list comes at a consequential moment, one shaped by global disruptions, from the conflict in Iran to sweeping cuts in US foreign healthcare assistance, that have made the case for African-owned capital more urgent than ever before.
E-Business
NDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections

Nigeria Data Protection Commission has warned that the growing misuse of personal data and digital platforms could undermine Nigeria’s democratic process ahead of the 2027 general elections.

NDPC
The warning was delivered during the 2026 Press Week organised by the FCT Council of the Nigeria Union of Journalists in Abuja.
Speaking at the event, Vincent Olatunji, national commissioner and chief executive officer, NDPC, who was represented by Itunu Dosekun, head of Media Unit at the commission, said disinformation and unlawful exploitation of personal data posed serious threats to credible elections.
The event had the theme: “2027 Election: Defending Democracy in the Era of Disinformation.”
Dosekun said the struggle for credible elections was no longer confined to polling units, noting that digital platforms had become major channels for manipulated narratives, fake news, propaganda and AI-generated misinformation.
According to him, the rapid growth of social media platforms, messaging applications and data-driven political campaigns has created vulnerabilities capable of influencing voter perception and weakening public trust in democratic institutions.
He warned that the abuse of personal data for political profiling and psychological targeting had become one of the most dangerous threats facing democracies worldwide.
“The misuse of citizens’ personal information carries serious social implications, especially for vulnerable groups who may not fully understand how their data is harvested, processed and weaponised online,” he said.
Dosekun noted that coordinated disinformation campaigns could inflame ethnic tensions, spread fear and discourage civic participation, particularly among young Nigerians.
He described the Nigeria Data Protection Act, 2023, as a critical legal framework aimed at protecting citizens against unlawful data processing and digital exploitation.
According to him, the law gives Nigerians greater control over their personal information while placing obligations on organisations, institutions and political actors to handle data responsibly.
Dosekun also called for stronger collaboration among political parties, media organisations, technology firms, civil society groups and citizens to promote responsible digital behaviour ahead of the elections.
He stressed the role of journalists and media professionals in combating fake news, fact-checking information and safeguarding public discourse.
According to him, protecting personal data should not only be seen as a privacy issue but also as a democratic responsibility necessary for maintaining public confidence, national stability and electoral credibility.
Stakeholders at the event emphasised the need for improved digital literacy, stronger regulation and increased public awareness to prevent the abuse of digital platforms during future elections.
E-Business
Anthropic Raises $65 Bn to Expand AI Research, Innovation

Anthropic, artificial Intelligence company, has said that it has secured sixty-five billion dollars in a new funding round, raising the company’s valuation to about nine hundred and sixty-five billion dollars.

The development places the company ahead of its rival, OpenAI, maker of ChatGPT, which was valued at about eight hundred and fifty-two billion dollars earlier this year.
Anthropic, founded by former OpenAI employees and led by Dario Amodei, chief executive officer, has emerged as one of the leading firms in the global Artificial Intelligence industry.
The company is widely recognised for its advanced coding capabilities and generative AI models, particularly its AI assistant known as Claude.
Unlike some competitors focusing mainly on general consumers, Anthropic has concentrated on delivering AI solutions to enterprise and business clients.
The company also says it places strong emphasis on AI safety while expanding its products and services amid growing competition in the sector.
Krishna Rao, chief financial officer of Anthropic, said the new funding would support the company’s research efforts and help meet rising global demand for its AI technologies.
Reports indicate that the investment round attracted major Silicon Valley venture capital firms, including Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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