News
Pantami Leads ICT Experts To Virtual 2020 Digital Africa Conference & Exhibition

Dr. Isa Ali Pantami, Minister of Communications & Digital Economy; Prof. Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission (NCC); and Mallam Kashifu Inuwa Abdullahi, Director General of the National Information Technology Development Agency (NITDA), are among the array of ICT policy makers, regulators and experts lined up to speak at the 8th edition of the annual Digital Africa Conference & Exhibition.

Dr Armstrong Takang (left) and Dr Evans Woherem, Chairman, Digital Africa Group during the 2019 Digital Africa Conference & Exhibition held at Baze University, Abuja
This year’s event, the first virtual edition in the series, which holds August 25-27, 2020, will also be graced by other speakers and notable ICT eggheads including Founder and Chairman, Mobile Software Solutions Ltd, Mr. Chris Uwaje; former Executive Vice Chairman of the NCC and Chairman of MTN Nigeria Communications Plc, Dr. Ernest Ndukwe; Professor of Engineering & Technology Management, University of Pretoria, South Africa, Prof. Joe Amadi-Echendu; and Chief Executive Officer, Africa My Home, Morocco, Karima Rhanem, among others.
The theme of this year’s edition of Digital Africa Conference & Exhibition is Africa’s Post-Pandemic High Tech World, while the thematic sessions will focus on Education, ICT, Telecommunication, Health, Transportation, Economy (Crypto-Currency), Power, Agriculture and Entertainment.
Chairman of Digital Africa Group, organisers of the annual premier international tech event, Dr Evans Woherem who addressed the press on Monday in his office in Abuja, said the COVID-19 pandemic has caused an unprecedented level of business turbulence across industries and geographies, with almost no industry or jurisdiction untouched, including the education sector in Africa.
“The “New Normal” that we are facing presents significant challenges, but also opportunities, for education sector stakeholders. How do we explore these challenges and opportunities, and to consider legal, operational and financial strategies to help navigate the post-COVID-19 landscape?
“As students stay at home and moved off campus, educators shifted to virtual learning, and development teams leapt into action to address current needs, the landscape of education fundraising now looks different than it did just a few months ago. The question we now ask ourselves is: Is remote learning here for good?” Woherem said.
He noted that even before the global COVID-19 pandemic broke out, food insecurity was a serious concern throughout sub-Saharan Africa as movement of people and goods is seriously hampered at domestic and cross-boundary levels.
He stated that currently, governments in over 70 countries have imposed various degrees of lock-downs affecting 3 Billion people worldwide, disclosing that this has severe consequences for many sectors including the agricultural sector, farmers and agricultural enterprises.
“Farmers are not able to access markets anymore, and in many cases also, do not have access to storage or cooling facilities thus are forced to dump their produce. Globally, imposed export and import restrictions lead to limited exports of produce and potentially creating food shortages in import-depending countries especially in Africa.
“Measures to enhance the resilience of the agricultural sector against external shocks like this kind of pandemic crises seem desperately needed. This could entail more circularity and autonomy in local based production systems; increased availability of and access to processing and storage facilities or; creating food banks and emergency stocks at decentralized levels.
“The term ‘think global, act local’ seems to be more appropriate than ever. How will technology play a role to aid sufficient food security in the continent? This is one the issues participants at the Conference on Tuesday, will be proffering solutions for.”
In an answer to a question, Woherem said, “We live in an era of technological innovation. Digital breakthroughs are empowering healthcare organisations to improve labour productivity, clinical outcomes and human experience. How we adapt technology to the people who use it – patients, health insurers and providers is going to define the future of health.”
He said that some of the factors set to remake the digital healthcare ecosystem is Artificial Intelligence (AI), noting that AI is changing from a back-end tool for healthcare organisations to being at the forefront of both consumer and clinician experience.
“AI-powered technologies can suggest relevant options based on user behaviour as well as guide patients and doctors toward optimal outcomes.
“Technology holds incredible promise for health: It can yield data to help stamp out emerging epidemics before they reach crisis level; make health care providers and services accessible to people in hard-to-reach places; and get people closer than ever to universal health coverage.
“It can also save money! Human-focused tech also provides consumers with a better opportunity to access care and information in a way and at a time that they want to.
The recent global Covid-19 pandemic is adversely affecting Africa’s economic growth and consumer spending potential, and businesses are grappling to adapt to the changing environment,” the Digital Africa Group boss said.
He stated that shoppers have adapted what they are putting into their baskets to accommodate their wallets, and have also adjusted where and how often they are shopping.
“There is a trend towards more frequent shopping due to the decline in disposable income. As incomes vary on a daily basis, consumers are shopping on an immediate-needs basis, often visiting stores more than once per day due to their fluctuating earnings.
“The concept of resilience has emerged as a plausible framework for substantially improving regional or local capacity to manage risks, loss of businesses and jobs, withstanding future shocks and stresses, and reducing the need for humanitarian responses.
“The technology sector shows resilience during lockdowns. Remote working, online shopping and telemedicine have shielded the technology sector from the worst effects of COVID-19 lockdowns and have confirmed technology’s role as an essential survival tool for businesses now and in the future,” Woherem emphasized.
News
NGX Unveils Net-Zero Plan for Greener Capital Market

Nigerian Exchange Limited (NGX) has launched the NGX Net-Zero Programme to guide listed companies toward clear carbon reduction pathways and enhanced climate disclosures aligned with global investor standards.

NGX
The high-level launch engaged chief executives of quoted firms alongside development partners including German Investment Corporation KfW, DEG, and African Foresight Group (AFG), NGX’s implementation partner. Issuers and investors discussed financing decarbonisation, sustainability practices, and attracting climate-aligned capital.
NGX Group Chairman Dr Umaru Kwairanga described the initiative as concrete climate action, commending partners for two years of groundwork. “Today marks leadership and decisive action. Climate change has become a core business imperative, with capital markets mobilising capital and setting standards,” Kwairanga said.
He positioned NGX Net-Zero to support emissions measurement, disclosure, capacity building, and sustainable finance access, urging CEOs to embrace it strategically rather than as compliance. Kwairanga reaffirmed NGX’s goal to make Nigeria’s capital market Africa’s green finance hub.
Group CEO Temi Popoola called climate action a business imperative, noting sustainability-embedded firms attract capital, manage risks, and stay competitive. DEG Management Board Member Monika Beck highlighted partnerships scaling impactful, commercially viable climate solutions.
The event closed with a ceremonial gong marking the programme launch and send-off for outgoing DEG Regional Director Bernd Telemann.
News
Nigeria Off EU High-Risk Money Laundering List in Major Financial Win

Nigerian Financial Intelligence Unit (NFIU) has hailed Nigeria’s removal from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) as a landmark achievement endorsing the nation’s reform efforts.

Nigerian Financial Intelligence Unit (NFIU)
NFIU CEO Hafsat Abubakar Bakari said the delisting, contained in European Commission Delegated Regulation (EU) C (2025) 8460 adopted December 4, 2025 and effective January 29, 2026, affirms sustained AML/CFT and Counter Proliferation Financing (CPF) reforms.
The move follows Nigeria’s exit from the FATF Jurisdictions under Increased Monitoring after addressing strategic deficiencies, alongside Burkina Faso, Mali, Mozambique, South Africa and Tanzania.
Bakari noted the European Commission recognised Nigeria’s strengthened AML/CFT effectiveness, closed technical gaps, and fulfilled FATF Action Plan commitments leading to grey list removal in June and October 2025.
The delisting eliminates enhanced due diligence requirements for EU financial transactions, easing compliance, boosting cross-border flows, and enhancing Nigeria’s appeal for European trade, investment and partnerships.
The NFIU attributed success to President Bola Ahmed Tinubu’s political will and collaboration among National Assembly, law enforcement, regulators, judiciary, private sector and development partners.
The agency reaffirmed commitment to ongoing FATF, GIABA, EU engagement and domestic framework resilience to maintain international confidence in Nigeria’s financial system.
News
FG Directs Banks, Fintechs to Remit VAT on Service Fees

The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms.

The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance fees, according to an email notice on Wednesday shared with customers by Moniepoint.
For example, if a bank charges N100 to make a transfer, the 7.5 per cent VAT will be applied to that service fee, not the money being sent.
“From Monday, January 19, 2026, we are required to collect a 7.5 per cent VAT, to be remitted to the Nigerian Revenue Service (formerly known as the Federal Inland Revenue Service).
“VAT will apply to certain banking services that include electronic banking charges such as mobile banking fees (transfers), USSD transaction fees, and card issuance fees,” the email read.
Other operators are expected to issue similar notices to their customers in the coming days. Services that will remain exempt include interest earned on deposits and savings, meaning customers will not pay tax on the returns from their accounts.
The NRS, formerly known as the Federal Inland Revenue Service, has set the deadline to ensure that all commercial banks, microfinance banks, and electronic money operators comply with the collection and remittance requirement.
Moniepoint stressed that this is not a price increase but a statutory obligation. “Moniepoint is required to collect and remit VAT to the Nigerian Revenue Service,” the company said in a statement.
The move is part of the government’s broader efforts to standardise VAT collection on digital financial services and expand revenue generation amid Nigeria’s growing digital economy. VAT on banking transactions is not entirely new; the NRS is now enforcing uniform collection rules across all platforms, ensuring compliance across the sector.
Customers have been assured that the new tax will be clearly itemised, with the VAT shown separately on transaction statements and reports.
In December, several commercial banks informed customers that the N50 stamp duty would be deducted on electronic transfers of N10,000 and above, following the commencement of provisions of the new Tax Act.
The charge, previously known as the EMTL, has now been formally reclassified as stamp duty and will be applied as a one-off fee on qualifying electronic transfers.
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