News
Trade Imbalance: Dark Cloud Hangs over Nigeria, SA Relations

Like a wild wind, South African companies have completely overrun Nigeria leaving the country and its nationals at the outskirt of the economy seen as one of the largest and most financially rewarding on the African continent, Nigeria CommunicationsWeek can now reveal.
The reverse is the case in South Africa as Nigerians and their businesses suffer discrimination and exclusion.
South Africa’s invasion and resultant control of the economy was helped by Nigeria’s desperation for foreign investments and hasty opening up of the sectors before the right conditions are present.
Nigeria CommunicationsWeek gathered that unlike South Africa, there is currently no restriction on foreign nationals or foreign entities doing business in Nigeria as they are only required to incorporate a local vehicle registered with Nigerian Investment Promotion Commission (NIPC) before commencing business.
But in South Africa, there have been reports of how South African authorities insist on stringent measures against Nigerian businesses.
For instance, Main One, a trans-Atlantic submarine fibre-optic cable network promoted by Main Street Technologies was reportedly denied landing on the ground that nationals of the former apartheid enclave do not have controlling shares in the company.
Seizing the opportunities presented by Nigeria’s lax environment, South African entrepreneurs who have built up capacities (technical, financials and other know-how) during the prolonged apartheid regime started heading to Nigeria in the mid 90s.
Unlike their home country with a little over 47-million people, the market in Nigeria with more than 150 million people is still largely untapped.
Nigeria CommunicationsWeek gathered today, from information and communications technologies (ICTs), shopping, tourism, construction, energy, aviation, entertainment to revenue collection, South African firms are in control.
In South Africa, apart from hundreds of Nigerian expatriates in that country’s schools, hospitals, manufacturing firms, there is no record of Nigerian businesses.
Even the ballot papers used in the 2007 general elections in Nigeria were printed in South Africa.
The bad news is that rather than enjoy the benefits of the influx of the foreign companies, Nigerian economy is under pressure as the foreign firms determine what to produce and at what price Nigerians must buy.
Most of the foreign businesses are also perversely established as portfolio investment in paper assets that could quickly flow back out of the country.
Patrick Omokhidion, a security adviser said, “the security and economy implication will be far reaching at the end of the day.”
He said further “if South Africans suddenly withdraw from the country, Nigeria will be worse than Somalia, recall what happened to Asian countries when some portfolio investors left overnight.”
Nigeria CommunicationsWeek gathered that the control of country’s economy by the South Africans started sore-footedly at the end of the obnoxious apartheid regime in 1994 and has over the last 11 years turned to an invasion.
Nigeria’s notoriety as haven for scams, worsening human rights records and one of the world’s most corrupt nations did not deter the aggressive South Africans. Not even the dearth of infrastructure.
The South Africans have been painstaking and deliberate in choosing the sectors they are dominating now. The sectors they play in are all essential.
Tola Awe, a public affairs commentator, said that South Africans are filling the voids left by Nigeria’s heartless and visionless administrators with fixation for accumulation of wealth for their children unborn.
But who will blame the South Africans who have kept faith with Nigeria as the Western world, shocked by the brazen pillage of Nigeria by its own citizens shunned the largest country on the African continent. Successive military rule and record of policy summersaults did not help matters.
Suddenly realizing that bilateral relations between the two countries are skewed in favour of the South African, Nigeria is now crying foul.
But as Nigeria cry, South African entrepreneurs smile to the banks here while there were little or no opportunities for Nigerians to do real business in the opposite direction.
Goodluck Jonathan, acting President was even more vocal November last year at celebrations to mark a decade of bilateral ties under the aegis of the Nigeria/South Africa Bi-National Commission (BNC).
“Some Nigerians have questioned the very rationale for the BNC if our relations and the benefits they confer are so skewed and if South African authorities are engaged in alleged acts of discrimination against Nigerian visitors, residents and businesses in South Africa,” he said.
Patiently waiting for Jonathan to finish, Bongi Maria Ntuli, South Africa’s deputy Trade and Industry minister said that Nigeria is her country’s second largest trading partner on the continent.
“As an open economy, we welcome new investment and collaborative partnerships in key areas of opportunity – all uniquely poised to deliver real competitive advantage,” Ntuli said.
BNC, founded a little over 10 years is still dogged by problems of handshake across the borders, visa restrictions and unnecessary bickering.
Since the launch of the BNC, trade between the two African economic giants has leapt from $16.5 million in 1999 to $2.1 billion in 2008.
Nigeria CommunicationsWeek investigations however revealed that the balance of trade is in favour of the South Africans.
Proffering solution, Emmanuel Ekuwem, president, Association of Telecommunications Companies of Nigeria (Atcon) urged the two countries go to the negotiation table and iron out the grey areas in their relationship.
He insisted that there must a symbiotic relationship between the two countries to ensure that Africa’s resources remains in Africa.
“Nigeria economy is the largest economy second to South Africa in the continent, the relationship between the two countries should be win-win, so as Nigeria opens up her borders economy to the South Africans, there must be reciprocity by South Africa,” Ekuwem added.
Most Nigerians agree that the country should get more from the South African businesses which have freely made record profits that are sent back home to subsidize the expensive life style of their promoters.
They are also united that in call for appropriate rules and customs to handle trade between countries or between private companies across borders.
News
Only 1 in 3 Families Fully Secure their Devices, Kaspersky Study Reveals

On International Day of Families observed on May 15th, a global Kaspersky study* reveals that while 47% of respondents talk about online safety, only 33% secure all their family devices – highlighting the need for proactivity from Family Digital Managers.

As online threats develop and every generation joins the online space, cybersecurity habits have become an essential part of life for every family. Typically, in every family, one or two people become so-called Family Digital Managers, responsible for managing subscriptions, setting up new devices, or thinking about cyber protection. Kaspersky has conducted a survey to find out what measures modern families take to stay safe online.
According to Kaspersky’s data, a significant portion of respondents adopt an educational approach to cybersecurity within their families:
47% regularly coach elderly relatives and children on safe online practices
45% advise family members to adopt password manager solutions
42% encourage the use of multi-factor authentication (MFA)
An equal 42% actively review and adjust privacy settings on both family devices and critical online accounts
Although a growing awareness of the importance of proactive, family-focused digital protection can be observed, when it comes to the implementation of security solutions, the trend is slightly different. 10% of respondents take no measures at all to protect their loved ones online, rising to 21% among those aged 55+.
As for the parental control apps, 67% of families with children under 18 years use this tool to monitor and secure their kids’ online activity. Parental control, such as the Kaspersky Safe Kids solution, can help restrict children’s access to inappropriate content and also gently manage their online habits by limiting access to certain websites and apps, controlling their screen time, and even enhancing their physical security by tracking their geolocation.
The most worrying number is that only 33% of respondents – just 1 in 3 – install security solutions on all family members’ devices. Kaspersky experts highlight that the current threat landscape shows that mobile devices and tablets as well as PCs all require comprehensive cyber protection, as they are often targeted by cybercriminals.
According to the survey, only 30% of respondents set up new devices for their families. Setting up a new device is not often regarded as a step that contributes to cyber safety; however, some actions performed before the device is put into use can significantly enhance its security.
For instance, experts recommend installing a security solution first, to scan the device for hidden threats and make web browsing safe from the first queries. What’s more, reviewing privacy settings on a new device allows you not to share data that you would like to keep private with some applications and services.
The research also shows that the older generation (55+) is generally less included in family security habits. Around 1 in 5 (21%) of this age group globally do not take any measures to protect their family online and only a quarter (24%) install security solutions for family members. The most popular security measure among them turns out to be a password manager, as 40% of this age group recommend their family members to use it.
“We are now using a lot of gadgets and digital services, and with every new device and every additional hour spent online, the potential entry points for cybercriminals continue to grow, exposing us to a wider range of cyber threats. At the same time, not every generation adapts to these rapid changes with the same ease.
“That’s why having someone in the family take on the role of a ‘Family Digital Manager’ can be so valuable, especially when it comes to protecting kids and elder people from digital cyberthreats, give advice and help with the use of trusted security solutions,” comments Brandon Muller, Technical Expert at Kaspersky.
News
The Nigeria Prize for Science & Innovation Records New Height as 2026 Edition Attracts 237 Entries

For the first time since it was established in 2004, the 2026 edition of The Nigeria Prize for Science and Innovation has recorded an historic milestone, attracting a record-breaking 237 entries.

The submissions were formally handed over to the Prize’s Advisory Board at a press conference in Lagos on Thursday, marking the start of the adjudication process.
The handover marks the beginning of the search for Nigeria’s most innovative scientific mind, under the theme “Innovations in ICT, Artificial Intelligence (AI), and Digital Technologies for Development.” The theme was a deliberate retention from the 2025 edition, which concluded without a winner after no entry met the required standard for selection.
Speaking at the press conference, Sophia Horsfall, NLNG’s General Manager, External Relations and Sustainable Development, said the continued focus on digital technologies reflects both global trends and Nigeria’s development priorities. She noted that the Prize remains a platform for identifying solutions with real-world relevance.
“In this fourth revolution, digital infrastructure is as foundational to our survival as electricity or water. For Nigeria, our economic sustainability depends on our ability to move beyond promising research and into undeniable innovation that delivers,” she said.
She added that global recognition for Nigerian innovation must be earned through stringent standards. “We believe that if a Nigerian discovery is to command global respect, it must withstand the highest levels of scrutiny. It is this conviction that guided the difficult decision seven months ago”.
While acknowledging the level of interest the theme continues to attract, Horsfall maintained that expectations remain uncompromising, noting that only solutions demonstrating real impact and scalability will be considered. She added that the decision not to award a winner in 2025 reflects this commitment and sets the benchmark for the current adjudication process.
Receiving the entries, Chairman of the Advisory Board, Barth Nnaji, described the handover as a decisive stage in the Prize’s selection process, emphasising that its credibility is anchored on strict standards of excellence. He reaffirmed that the Prize remains focused on identifying innovations that translate scientific insight into tangible socio-economic outcomes.
“Our refusal to award the prize in 2025 was not a dismissal of the hard work of Nigerian innovators; rather, it reinforces that The Nigeria Prize for Science and Innovation holds a gold standard of excellence,” he stated.
He further clarified that the outcome of the 2025 edition, in which no winner was declared, should be viewed within the context of the Prize’s rigorous evaluation framework, which demands novelty, depth, relevance, and demonstrable impact. He emphasized that all entries will continue to be subjected to the same high level of intellectual and technical scrutiny.
Professor Nnaji added that the Prize seeks solutions that directly address Nigeria’s real-world challenges. “Our broader objective is to identify work that brings tangible impact to the challenges Nigeria faces, whether through digital health technologies that serve rural populations or the use of AI in preserving our cultural heritage and languages.”
Other members of the Board are Chief Dr. Nike Akande, a two-time former Minister of Industry, and Professor Baba Yusuf Abubakar, a professor of quantitative genetics and animal breeding.
The Nigeria Prize for Science and Innovation, now in its 22nd year, is valued at $100,000 and remains arguably Africa’s most prestigious science award. The winning entry for the 2026 edition will be unveiled at a world press conference scheduled for September.
News
FG, World Bank Launch $65m SPESSE Funding for 24,000 Nigerians

Federal government, in partnership with the World Bank, has launched a fresh $65 million funding phase of the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) project aimed at benefiting more than 24,000 Nigerians through professional training and institutional capacity development.

The initiative, coordinated by the National Universities Commission (NUC), is designed to strengthen procurement systems, environmental management and social standards across public and private institutions, while promoting transparency, accountability and sustainable development practices nationwide.
Abdullahi Ribadu, executive secretary of the Commission, disclosed this in Abuja during the signing of performance contracts for the additional SPESSE financing. He explained that the intervention builds on the gains of the initial $80 million SPESSE project, which became effective in 2021.
According to Ribadu, the programme has significantly improved institutional frameworks and developed professional expertise in key governance sectors. He noted that the initiative was introduced to address the shortage of qualified professionals in procurement, environmental management and social standards within both public and private institutions.
He said: “With the support of the World Bank and under the coordination of the NUC, six centres of excellence were established across the six geopolitical zones to provide sustainable capacity building in these critical sectors”.
Ribadu stated that the participating universities were selected through a transparent and competitive process based on institutional readiness, quality assurance and sustainability.
He added that the institutions have continued to produce skilled manpower capable of advancing transparency, environmental responsibility and inclusive national development.
He described the contract signing ceremony as a renewed commitment to accountability, sustainability and institutional excellence, noting that the centres have recorded major achievements, including the introduction of specialised academic programmes ranging from short courses to undergraduate and postgraduate degrees.
The NUC boss further disclosed that three of the six centres have already commenced PhD programmes, while the remaining centres are expected to begin by July 2026.
He added that under the new funding phase, the Commission targets at least 60 PhD graduates, enrolment of 60 foreign students, staff internships and expanded student exchange programmes with international institutions.
Also speaking, Adebowale Adedokun, director-general, Bureau of Public Procurement (BPP), said the project has so far trained more than 2,700 officers from both the public and private sectors to improve procurement competence nationwide.
He said the next phase would support the rollout of Nigeria’s electronic procurement system and expand online capacity-building programmes for policymakers and small and medium-scale enterprises involved in managing public funds.
On his part, Ishtiak Siddique, World Bank Task Team Leader for SPESSE, revealed that more than 40,000 participants had benefited from training under the original project, with over 4,000 certified in procurement, environmental and social standards.
Siddique said the additional funding would focus on strengthening the capacity of federal, state and local government agencies to improve development outcomes and service delivery, stressing that sustainability remained central to ensuring continuity beyond donor support.
For her part, Prof. Folasade Ogunsola, Vice-Chancellor, University of Lagos, reaffirmed the institution’s commitment to advancing professional capacity development under the SPESSE framework through postgraduate training, institutional ownership and international collaborations.
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