E-Business
Signal Alliance Unveils Business Plan

Signal Alliance, a technology company, which started business in 1996, is set to unveil plans that will further give boost to cloud computing practice in Nigeria, ahead of its 25 years anniversary, which comes up later this year.

Coming into the cloud market and information technology (IT) industry at the time it did was a great decision given that it gave an opportunity to get into a market that has come to be a major contributor to the Nigerian economy.
The company is on the verge of completing a holding company (holdco) structure that will see it become a bigger player in the IT sector.
The proposed holdco structure will have three subsidiaries – one focused on cloud business, another on technology consulting while the third, Sasware, which is already operating as a venturing company, will harmonise current investments and further invest in tech start-ups and tech-enabled businesses.
“Signal Alliance is set to make history in the tech ecosystem in Nigeria, at a time when foreign investors have dominated the venture space in Nigeria and Africa and are increasing their positions in the Nigerian tech market.
“Last year, Stripe, the second-largest payment company in the world, acquired Nigerian-based payment gateway company, Paystack,” a statement explained.
Nigerian startups also dominated the venture capital activities in Africa in 2019 only to fall behind South Africa in 2020 due to the impact of the COVID-19 pandemic.
There are also local venture capital firms and equity funds that are springing up and positioning for the market.
In January, Iyinoluwa Aboyeji, founder and CEO of Future Africa, a new venture capital that launched in 2020, said it had returned $3.7 million to some of the firm’s limited partners and invested over $1 million in 16 start-ups.
Speaking about his plans, Mr. Collins Onuegbu, executive vice chairman of Signal Alliance, said: “There is a need to consolidate and grow our investments in technology-enabled start-ups. Diversification of our business portfolio is imperative, and we believe that these activities, in line with our medium to long term strategy, will produce compelling returns. Size and efficiency are key factors for our new outlook.”
Onuegbu who believes the tech market in Nigeria was still evolving despite the strides it has made in recent years, is of the view that there is still a lot of room for growth and the company is being positioned to be part of that growth process.
“In the coming months, it will be looking to either acquire a majority stake in promising ventures or minority interest.
“There is no more sitting on the fence while the good deals get done. We need to gain a foothold in the tech space venturing in Nigeria and we are targeting 50 tech and tech-enabled companies within a 3-year horizon,” Onuegbu said.
Onuegbu who is also a director at the Lagos Angels Network, a group of well-connected individuals who invest in early-stage entrepreneurs, said Signal Alliance would also be looking to grow its cloud market position, adding that it is a market Signal Alliance knows very well, given its partnership with Microsoft, being a a Gold LSP Partner of Microsoft and among the other three partners in Nigeria.
“Despite handling much of Microsoft’s Azure cloud business in Nigeria, we are determined to grow the cloud business significantly, extending outside the shores of Nigeria,” Onuegbu said.
Beyond venture capital and cloud, Signal Alliance is also eyeing the intellectual property market, IT security, and managed services. The third subsidiary of Signal Alliance will focus on these segments. Its future trajectory is to grow technology and technology-enabled businesses, taking advantage of opportunities in the diversifying Nigerian economy.
E-Business
Galaxy Backbone Celebrates the Federal Government’s Paperless Civil Service Milestone

Galaxy Backbone (GBB) aligns with and celebrates the successful announcement by the Office of the Head of the Civil Service of the Federation on the achievement of a Paperless Civil Service, a significant milestone in Nigeria’s public sector reform and digital transformation agenda.

The milestone was formally highlighted at a press briefing led by the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, who commended Galaxy Backbone for its sustained support and contribution throughout the implementation of the programme.
GBB has played a critical role in enabling this transition by providing secure, scalable, and shared digital infrastructure that supports the digitisation of government processes across Ministries, Departments and Agencies (MDAs). Through the 1Government Cloud, MDAs have been empowered to migrate from paper-based workflows to digital platforms, improving efficiency, collaboration, data security, and service delivery across the Federal Civil Service.
In addition, GovMail, GBB’s secure government email platform, has strengthened official communication, enhanced records management, and reinforced cybersecurity standards—key pillars in sustaining a paperless operating environment.
Galaxy Backbone acknowledges the collective efforts of the Office of the Head of the Civil Service of the Federation, Permanent Secretaries, Directors of ICT, consultants, partners, and dedicated public servants whose commitment and collaboration ensured the smooth delivery of this initiative.
The Managing Director/Chief Executive Officer of Galaxy Backbone, Prof. Ibrahim Adeyanju, was represented at the press briefing by Akintayo Bamisaye, Acting Group Head, Research, Digital Innovation and Skills Department (RDIS).
GBB describes the achievement as a strong close to 2025 and reaffirms its commitment to supporting the Federal Government in building a modern, efficient, and digitally enabled public service.
E-Business
Jumia CEO says Black Friday Signals Nigeria’s E-Commerce Maturity

At the close of 2025, Temidayo Ojo, the CEO of Jumia Nigeria, reflected on a year-end shopping season that points to the growing maturity of the country’s e-commerce market. “Black Friday is no longer a single, short-lived spike in activity,” he said.

“It has become a familiar, anticipated moment in the retail calendar, where consumers shop deliberately and with confidence.”
Preliminary KPIs for the two months ended November 30, 2025, show strong year-on-year growth in both orders and Gross Merchandise Value (GMV), with GMV growth outpacing order growth. This indicates that customers are placing fuller, more considered baskets rather than shopping in fragmented transactions. Nigeria ranked among Jumia Group’s better-performing markets, with engagement remaining steady throughout the Black Friday period rather than spiking briefly and tapering off.
A key factor behind this performance is the growing familiarity of consumers with online shopping. Customers are increasingly leveraging platform features such as saved carts, brand stores, and price comparison tools to plan purchases in advance. This trend suggests that digital commerce is becoming embedded in everyday habits rather than being viewed as a one-off event.
Ojo also highlighted the role of Jumia’s JForce network in connecting digital commerce to local communities. “Our agents are critical to ensuring that customers across Nigeria, including secondary cities and smaller communities, have access to variety, consistent pricing, and reliable delivery,” he said. “During peak periods like Black Friday, JForce agents can respond faster, serve more customers efficiently, and build stronger local relationships. This isn’t just a distribution channel—it’s a pathway to sustainable income and inclusion.”
Reflecting on the overall performance, the CEO concluded: “What we’re seeing this year-end is steady engagement across categories, stronger consumer confidence, and partners like our JForce agents benefiting from increased activity.
“It confirms that Nigeria’s e-commerce ecosystem is maturing, growing in a more structured and resilient way. As the December Holiday Sale continues, we expect these patterns of familiarity, trust, and participation to sustain momentum and drive both commerce and community impact across the country.”
E-Business
Galaxy Backbone Tops FG’s Website Performance Ranking

Galaxy Backbone Limited (GBB) has been ranked first overall in the 2025 Federal Government Website Performance Scorecard.

This is a landmark achievement for Nigeria’s digital economy.
The ranking, conducted by the Bureau of Public Service Reforms (BPSR), is the definitive benchmark for digital excellence and transparency across all Ministries, Departments, and Agencies (MDAs).
Professor Ibrahim Adepoju Adeyanju, managing director and CEO of Galaxy Backbone, received the award during a ceremony in Abuja.
He described the feat as a validation of the agency’s“Nigeria First”data sovereignty strategy and its relentless pursuit of service excellence.
This recognition comes as the Federal Government intensifies its push to achieve a fully paperless civil service by December 31, 2025.
GBB has been the primary architect of this transition through its 1Gov Enterprise Content Management (ECM) platform, which now hosts the operations of almost all federal MDAs.
The award adds to a growing list of accolades for Galaxy Backbone in 2025, following its recent win of the “International Standard Excellence Award for Best IT Service Provider.”
As the central hub for government shared services, GBB’s performance serves as a blueprint for other agencies currently undergoing digital transformation.
With its expanded fiber-optic backbone now covering over 13 states and its secure cloud solutions, Galaxy Backbone remains the cornerstone of Nigeria’s vision to become a leading digital nation by the end of the decade.
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