E-Business
Oracle Expands Cloud Services Portfolio

Thomas Kurian, executive vice president, Oracle Product Development, has announced that Oracle is expanding its Oracle Cloud services portfolio, and continues to demonstrate significant customer and partner momentum, delivering on the industry’s broadest and most advanced Cloud strategy.
The seven new Oracle Cloud preview services augment Oracle’s comprehensive portfolio of Platform Services, Application Services, and Social Services, all available on a subscription basis.
The pricing model is simple, predictable and based on a monthly subscription model.
Customers can choose to sign up for month-to-month subscriptions or longer term contracts. Oracle Cloud adoption continues to grow aggressively with more than 10,000 customers and more than 25 million users worldwide already relying on the services each day.
To help partners speed time to market with new cloud-based services for their customers, Oracle also unveiled a comprehensive new set of enablement resources and Oracle Cloud partner programmes.
Oracle Cloud delivers instant value and productivity for business users and developers through functionally rich, integrated, secure enterprise cloud services.
Customers now have more options than ever with the Oracle Cloud, the most secure, flexible, modern and reliable cloud available today.
Expands Oracle Cloud Platform, Application and Social Services Portfolio Oracle announced preview availability of seven new Oracle Cloud Services, including: Oracle Planning and Budgeting Cloud Service: Streamlines financial planning, budgeting and forecasting processes by delivering the proven business benefits of Oracle Hyperion Planning in a subscription-based cloud service.
Oracle Financial Reporting Cloud Service: Enables the creation and delivery of highly formatted, boardroom quality management reporting, as well as corporate financial statements.
Oracle Data and Insight Cloud Service: Aggregates insightful and intelligent data from enterprise, social and external sources to enrich business applications such as CRM and helps ensure that customer, prospect and contact data is always up-to-date.
Oracle Social Sites Cloud Service: Enables brands to quickly expose sites to their customers to meet the needs of today’s agile companies. The rich editing experience and powerful back-end mean that even non-technical users can make great sites quickly and launch them to the public.
Oracle Developer Cloud Service: Simplifies collaborative software development by providing a standards-based environment that supports the complete development lifecycle. Provides access to source control management, issue tracking, continuous integration and document collaboration.
Oracle Storage Cloud Service: Enables businesses to store and manage digital content in the cloud, integrated with other Oracle Cloud services that require online storage.
Oracle Messaging Cloud Service: Provides an infrastructure that enables data communications between applications within Oracle Cloud as well as outside of Oracle Cloud via asynchronous message queues.
These new services join the following Oracle Cloud Applications, Social and Platform Services: Oracle Cloud Application Services portfolio includes ERP Services, HCM Services, Talent Management Services, Sales and Marketing Services, and Customer Service and Support Services.
In addition, the Application Services are now integrated with Social Services allowing organizations to transform their corporate business processes and systems using social capabilities.
Oracle Cloud Social Services portfolio includes Oracle Social Network, Oracle Social Marketing Services, Oracle Social Engagement and Monitoring Services and Oracle Social Sites.
Oracle Cloud Platform Services portfolio includes Database Service and Java Service and will include Mobile Services, Collaboration Services, Analytics Services and Application Store.
With Oracle Database and Java Cloud Services, customers get access to the industry-leading database and Java EE application server in the cloud. The services are now available globally. To learn more about the free 30-day trials and paid subscriptions go to the Oracle Cloud website.
“Cloud is a strategic business at Oracle and is growing aggressively. Customers and partners are extremely supportive of Oracle’s Cloud strategy, which is evident from the mission critical workloads they are running on Oracle Cloud today,” said Abhay Parasnis, senior vice president of development, Oracle.
“The breadth of opportunities available with Oracle Cloud already exceeds anything else available in the industry, and with the introduction of these new services, Oracle continues to innovate, shape the market and define the future of cloud-based services.
“Siemens Logistics IT is excited about the capabilities that the Oracle Cloud will offer: the provisioning of a robust Java EE container combined with Oracle Database’s proven technology in a public cloud,” said Ekkehard Janas, Chief Architect, Siemens Logistics IT.
“This will allow Siemens Logistics IT to lower our own investment in setting up complex Java EE clusters and database environments and to focus on the quality of our applications. To us, the Oracle Cloud is definitely a big step in the right direction.
“I needed a vendor that allows me to focus on my strategic imperatives — with easy upgrades, no downtime and easy information sharing, which is exactly what Oracle Cloud provides us,” said Mark Schissel, SVP and CIO, Herbalife.
E-Business
NDPC, 60 DPAs Collaborate on Enforcing Privacy Rights in the Use of Al

Nigeria Data Protection Commission (NDPC) has joined sixty (60) other Data Protection Authorities (DPAs) in endorsing the “Joint Statement on Al-Generated Imagery and the Protection of Privacy.”

NDPC
The Joint Statement was coordinated by the International Enforcement Cooperation Working Group (IEWG) of the Global Privacy Assembly.
This underscores the growing concerns regarding the privacy risks posed by Artificial Intelligence tools capable of generating realistic images and videos of identifiable individuals.
The Joint Statement highlights concerns over the misuse of Al-powered tools to create non-consensual imagery, defamatory content, and other harmful materials, particularly affecting children and vulnerable groups.
It calls on organisations to implement strong safeguards, ensure transparency, provide effective content removal mechanisms, and comply fully with applicable data protection laws.
The current effort forms part of a continuum of steps being taken by Nigeria to ensure the responsible use of Al. It will be recalled that the Honourable Minister of Communications, Innovation and Digital Economy, Dr ‘Bosun Tijani, led the initiative for the development of the National Al Strategy.
The NDPC also issued the General Application and Implementation Directive (GAID), which, amongst others, mandates privacy by design and privacy by default in the development and deployment of Al tools.
The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, has directed that the Nigeria Data Protection Act (NDP Act) Compliance Audit Returns (CAR) by data controllers and processors of major importance will serve as a yardstick for monitoring and evaluating responsible use of Al for data processing in Nigeria.
E-Business
Jumia Tech Week 2026 Begins with Tech Deals on Smartphones, Electronics, and Everyday Technology

Jumia Nigeria has announced the launch of Jumia Tech Week 2026, a two-week campaign offering customers access to discounted technology products across key categories, including smartphones, computing, home entertainment, and wearable devices.

Starting from March 2 to March 15, Jumia Nigeria’s Tech Week 2026 is themed ‘Tech Products for Less’ – a deliberate commitment by the e-commerce giant to drive down the cost of technology products for Nigerian consumers. The campaign offers significant price reductions across key product categories, enabling more Nigerians to access the devices they need at prices that reflect the company’s dedication to affordability and consumer value.
Jumia Tech Week will feature deals across a wide range of product categories, including mobile phones, computer systems and accessories, televisions and audio equipment, gaming products, home appliances, portable power solutions, health technology,, and wearable devices.
Customers will also have access to curated recommendations, including top smartphone deals, must-have accessories, gaming essentials, and home technology upgrades.
According to Temidayo Ojo, CEO of Jumia Nigeria, the campaign reflects Jumia’s broader commitment to making everyday technology more accessible to Nigerians.
“Technology has become an essential part of everyday life, and access to the right devices enables more people to participate fully in the digital economy,” said Ojo. “At Jumia, we remain focused on expanding access and improving the shopping experience as we continue to build Nigeria’s everyday retail destination.”
The campaign will include a range of customer engagement initiatives such as flash sales, brand days, anchor deals and interactive activities designed to enhance the online shopping experience.
Special highlight periods, described as Explosion Days, will take place on March 6 and March 13, featuring limited-time offers across selected technology categories. Customers will also be able to participate in interactive activities, including product-based games, treasure hunts,, and live shopping sessions during the campaign period.
The campaign will feature participation from leading brands including Oraimo, Silver Crest, Samsung, Ecoflow, Nivea and Aeon, offering customers a wide selection of technology, household and lifestyle products. Early access promotions already begun during the teaser period from February 16 to March 1, allowing customers to preview selected deals ahead of the official launch.
Jumia Tech Week forms part of the company’s broader strategy to expand e-commerce adoption by improving access to essential products and enhancing the customer experience across its platform. As Nigeria’s e-commerce market continues to grow, Jumia remains focused on strengthening its product assortment, logistics capabilities, and digital experience to serve customers better nationwide.
Customers can participate in the campaign by using the Jumia mobile app or visiting the Jumia website and following the conversation online using #JumiaTechWeek.
E-Business
House Queries NDIC: ₦5m Max Payout for Failed Bank Depositors

Nigeria Deposit Insurance Corporation (NDIC) pays between ₦2 million and ₦5 million as deposit insurance to customers of liquidated banks, Managing Director Thompson Oludare Sunday told the House Committee on Insurance and Actuarial Matters during 2026 budget defence.

NDIC
House Spokesperson Akin Rotimi Jr sought details on depositor entitlements, citing Heritage Bank’s June 2024 collapse and public concerns over financial confidence.
Sunday explained NDIC’s mandate: banks pay risk-based premiums (now under 1%, down from 15/16 of 1%) to guarantee deposits. Coverage is ₦5 million for deposit money banks, primary mortgage banks (PMBs), and microfinance banks (MMOs); ₦2 million for other financial institutions.
Using BVN, NDIC auto-pays guaranteed sums without visits for amounts up to the limit. For Heritage, post-revocation, NDIC liquidated assets—selling buildings, recovering loans, realizing investments—and paid a second ₦24.63 billion dividend on January 6.
“Anything above ₦5 million or ₦2 million depends on recoveries,” Sunday said, noting ongoing asset sales and debt chases.
Committee Chairman Ahmed Jaha Babawo commended the clarity, noting the limit rose from ₦500,000 to ₦5 million recently. Over 90% of Heritage depositors got insured sums in under four days, meeting International Resolution Deposit (IRD) standards.
Babawo added liquidation dividends would be discussed in executive session.
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