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Oracle Launches First Enterprise Performance Management Index

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 Oracle has launched the first Oracle Enterprise Performance Management (EPM) Index, in which businesses in Europe and North America are assessed on their ability to unite management processes and information systems to form a consolidated view of the business.

On a scale of 0 to 10, these organizations attained an overall score of 5.13
The results of the study indicate a generally modest level of achievement, with much work remaining to be done in developing an accurate and up-to-the-minute enterprise-wide picture of current performance.

The Oracle EPM Index is prominently featured on EMP TV a new, innovative, internet TV portal dedicated to Enterprise Performance Management and powered by Oracle.

The research for the EPM Index was conducted by Quocirca, an analyst group, and asked 800 business decision makers in Europe and North America to rank their organizations on the processes and accuracy of information governing six distinct areas: the stakeholder environment, market model, business model, business plan, business operations and business results.

While organizations are moderately well-placed for each area (with the exception of stakeholder engagement) fewer than a quarter (22 per cent) feel that an integrated approach to the processes is necessary and more than a quarter (27 per cent) think that each process can be regarded in isolation.

Of the six areas researched, the stakeholder environment scores were the lowest.  This indicates that the involvement of stakeholders in the performance of the organization is not being optimized.  A high number of “don’t know” responses in this section indicates that many organizations were not even considering the needs of the stakeholders in their planning processes or value chains.

There is a high inverse correlation between a country’s Index score and its regulatory environment:  on the whole, the higher the Index, the lighter the regulatory touch. 
The public sector and healthcare sectors, as the most highly regulated verticals, have the lowest overall EPM Index scores. 

This inverse correlation demonstrates that businesses in countries and industries with demanding requirements for governance, transparency and accuracy of information are more aware of the challenges in linking disparate systems and processes to provide an accurate picture of performance.

Most organizations are slow to respond to changes in market and business environments with just 13 per cent of respondents believing themselves to be well placed in this regard.  The UK is markedly the most responsive in using processes to deal with critical events.
Use of Business Intelligence (BI) has a significant bearing on EPM achievement.  Respondents who see BI as being an "important" or "major" tool for their organization have index scores of 5.3, whereas those who see it as being an expensive means of visualising data scored 5, and those who see it as a tool for historical reporting only scored 4.9.

A pervasive common data model is rare in business.  While over half of respondents have a model or repository for some sets of data, only 1 per cent of organizations had a common data model across all sets.

Alain Blanc, senior vice president, Oracle EMEA EPM/BI, Western Europe Applications, said: “The Oracle EPM Index Research shows that organizations in Europe and North America have, as yet, achieved modestly in their quest for Management Excellence, by which we mean going beyond the attainment of operational excellence and making an organization smarter, more agile and better aligned.  We hope that we will see greater achievement as we repeat this research in the future.”

 


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LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts, Others

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Lagos Internal Revenue Service (LIRS) pursuant to Section 60 of the Nigeria Tax Administration Act (NTAA), plans to ask Nigerian banks to debit bank accounts of employers who failed to remit tax liability.

LIRS to Invoke NTAA to Recover Unpaid Taxes from Bank Accounts

This was disclosed in a recent notice on Sunday.

LIRS stressed that the move was in line with the implementation of the country’s NTAA and other new tax laws, which took effect on January 1, 2026.

“Where a taxpayer fails, neglects, or refuses to settle any established outstanding tax liability when due, LIRS may exercise its power under Section 60 to direct any of the following persons to pay the amount owed by the taxpayer:

“Banks and other financial institutions; Employers; tenants, debtors, or customers of the taxpayer; Agents, business partners, and any person holding money on behalf of the taxpayer; Any person owing money to the taxpayer, whether presently due or accruing. Once a substitution notice is issued, the person served is statutorily required to remit to LIRS the amount. Specified in the notice from funds belonging to, or payable to, the defaulting taxpayer,” the LIRS notice partly read.

Meanwhile, Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, weeks ago ruled out claims that the government would debit personal accounts over tax remittances.


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Anambra Cuts Monday Pay to Kill Sit-at-Home

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Anambra State will implement pro-rata salary payments for civil servants starting February 2026, targeting chronic Monday absenteeism from the long-running sit-at-home order, Information Commissioner Dr. Law Mefor announced Saturday.

Anambra Cuts Monday Pay to Kill Sit-at-Home

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Speaking at an Awka briefing after the Executive Council’s end-of-tenure retreat, Mefor said improved security and transport have eliminated excuses for the four-year disruption, which cost the state trillions in lost revenue. “Workers enjoyed full pay despite staying away; now, no work means no pay for that day, calculated over 24 working days,” he stated.

Compliance measures include mandatory Monday clock-in forms, with markets urged to reopen fully amid bolstered security. This builds on a January 22 executive order docking 20% pay from teachers absent on Mondays.

Mefor warned that lost Mondays cripple revenue collection and productivity, rejecting alternatives like Saturday shifts as capitulation to agitators.


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Stakeholders Demand Stronger Governance and Infrastructure to Drive Tech Adoption @ Lagos AI Summit

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As AI adoption accelerates across Nigeria, leaders at the “AI in Action Now” conference 2026 have called for a balance between rapid innovation and strict regulatory governance. The event, held at the Lagos Oriental Hotel, highlighted both the doggedness of Nigerian builders and the risks of unregulated data usage.

Dotun Adeoye, Co-Founder of AI Nigeria, raised alarms over “Shadow AI”, a trend where employees upload sensitive official documents to public AI platforms. He praised the Nigerian Data Protection Commission (NDPC) for its recent aggressive stance, including multi-million-dollar fines against major banks and social media brands.

“Innovation without governance is dangerous. The regulator now has the job of educating players. We are working in partnership with them to ensure players don’t just get fined, but actually understand how to protect data locally rather than storing it abroad, ” Adeoye noted.

Addressing issues of lack of infrastructure to carry AI adoption, Conference Convener Debola Ibiyode admitted that while Nigeria lacks the traditional foundation for AI adoption, the tech community cannot afford to wait.

“The simple answer is we don’t have the infrastructure, but Nigeria has never really had infrastructure to drive anything, and we still thrive, ” Iboyode said, encouraging students and builders to look beyond current limitations. “Once we start to build based on what we have now, it will encourage those who need to provide the infrastructure to do their part. The world will not wait for us,” she insisted.

To bridge this gap, she highlighted the AI Foundry Africa, an incubator designed to mentor ideas into market-ready products.

Meanwhile, speaking to journalists on the sidelines, Biodun Ogunleye, the Lagos State Commissioner of Energy and Mineral Resources, echoed the sentiment that the government’s role is to facilitate the right environment through partnership. He emphasized that data generated from interactions with the government must have long-term value.

“We must ensure that in all facets from production to interaction with government, the tools required to ensure data has value are appreciated,” Ogunleye stated.

He concluded that through private-sector collaboration, the government can focus on its primary functions while leveraging AI to ensure the nation aspires for the future.


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