E-Business
Phillips Consulting Scores Nigerian Banks Websites High

Philips Consulting Limited, focused on creating and managing change in organisations by helping them formulate and implement customer focused strategies, has commended the innovative and creative prowess of IT experts that manage websites of Nigerian banks.
Foluso Phillips, chairman and chief executive officer of Phillips Consulting Limited made the remark while speaking at the Web Jurist Award Version 11.0, describing the websites of most Nigerian banks evaluated recently by the company as “pretty good”.
Phillips believes that those websites can compete with their counterparts all over the world.
“I think the websites of our organizations; especially the banks are prettily good. This is where our youths in the IT world have excelled themselves. They come up with good websites; they are some that when I go into them, occasionally, I am always fascinated by the level of innovations and varieties that they display.
“We are holding our onus as far as global look is concerned. For the banks, when you look at international banks and the Nigerian counterparts we are operating at the same level.
On the essence of the Web Jurist Award, he said, “We have been holding the Web Jurist for close to 12 years now. The whole idea was that when website was becoming very fashionable and the banks were being very active in that area we thought of a platform to start evaluating their websites. It was becoming a new marketing tool for them, new branding for them; and it was interesting to see how well they were doing in the management or usage of the new tool. The initial evolutions were basically on the brochure way: how they were presenting themselves.
“Over the years we have delved into more sophisticated means of website evaluation. We can claim the glory of increasing the awareness of banks as far as website is concerned. When we started they were really struggling to see who wins. Banks that use to win in those days actually put the emblem of web jurist winner on their website and advertisement. To a great extent we have raise the awareness of website advertising. They have become very cautious that such have become very important tool in their hands”.
The Phillips Consulting chairman added that, overtime; there have been remarkable improvements among contestants’ websites.
“The proof to that is that the banks would want to know when we are evaluating the sites, which we never tell them. Secondly, few banks employed webmasters; a particular bank that won in a particular year attempted to fire a particular person in-charge, fortunately they won that year. When we were to make the announcement, the person was physically afraid. Definitely they have taken it seriously and they are operating at an imaginable level of efficiency. Meanwhile we have different categories to show their areas of strengths”
At this year’s award tagged Version 11.0, Access Bank emerged, the overall winner in the Banks category keenly followed by Enterprise Bank and First City Monument Bank.
Also, Etisalat led in the Telecoms category; AIICO Insurance was crowned the best in the Insurance category while BGL emerged the Best in the Investment houses category.
Speaking to Nigeria CommunicationsWeek on the award, Chineze Amanfo, public relations officer, Etisalat Nigeria, expressed happiness at the recognition.
She said that Phillips Consulting has once again exhibited professionalism, unbiased and good judgment as nominees were not pre-informed on the evaluation processes.
“Actually, Phillips Consulting Limited has made another indelible mark hence we were not even pre-informed on the nomination. We try as much as possible to listen to customers and follow their demands in developing our sites. We shall not continue to maintain the tempo,” Amanfo said.
Criteria used in evaluating the websites include: aesthetic use of graphics and good design principles; technicalities-navigation, functionality and security; site content like accuracy and presentation. Other criteria are customer experience: customization, investor information and content details and accessibility or assistive technologies.
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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