E-Business
Unified Payments Bags E-payment Service Provider 2011 Award

Unified Payments has emerged winner as E-payment Service Provider for 2011 in the just concluded Beacon of ICT Awards by Communication Media Limited, publishers of Nigeria CommunicationsWeek Magazine.
The event, which held penultimate week in Lagos, was chaired by Dr. Ernest Ndukwe, former Executive Vice Chairman, Nigeria Communications Commission and presently, Chairman, Open Media Group. Keynote lecture was by Jean-Luc Fort, Chief Executive Officer, OR Systems based in France.
According to the organizers of the awards, “The Beacon of ICT Award winners are chosen by Nigerians who recognize and appreciate the guiding lights of the organizations and individuals as well as the symbols of hope they raise. Since the ICT revolution in Nigeria, there have been great changes in Nigeria’s economic and social development, these changes would have been impossible without the diligence and commitment of some individuals and organizations.”
“That is why we instituted the Beacon of ICT Awards since 2010, as an annual industry-wide celebration to reward deserving talents, contributions and commitments to the growth of the industry.”
Unified Payments got the award for its contributions and exceptional value-added innovations to the growth of electronic payments landscape in Nigeria.
These contribution include but not limited to Unified Payments pioneering the issuance and acceptance of EMV Chip+PIN cards in Nigeria which lead to the reduction of ATM fraud related issues by over 90%; enabling Nigerian Banks to issue payment cards to Naira accountholders to be used for the first time ever globally; enabling Nigerian banks for first ever acceptance of foreign cards at their ATMs.
The company was also recognized for being the first Nigerian Principal member of a global payment scheme and the only Nigerian non-bank Principal member as well as the first EMV Third Party Processor in Nigeria.
Unified Payments, formally ValuCard, is a card-neutral and option neutral payments service provider owned by a consortium of 18 Nigerian banks. The company operates as a shared infrastructure for the banking community in Nigeria and payments service provider within and outside Nigeria with major business to include: Processing, Switching, Acquiring/Acceptance, Payment Terminal Services (PTSP) and Value-added services and solutions.
Responding on behalf of the other award winners in the corporate category, Agada Apochi, Chief Executive Officer, Unified Payments thanked the organizers for the good work they are doing in and for the industry through information and publicity and most especially for taking out time to honour individuals and corporates who have contributed to the growth and stability of the industry.
He went to promise that all the winners of the awards will continue to make quality contributions to the industry. In his words “I wish to promise on behalf of all the awardees, that we will continue to make quality contributions to the industry and justify the reason for our awards”. He said.
Unified Payments is winning the awards the third time running from the inaugural edition in 2010.
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.
E-Business3 days agoAnthropic Raises $65 Bn to Expand AI Research, Innovation
Telecom2 days agoTelcos Mull Calculator to Address Data Depletion Complaints
General News2 days agoNCDC Says Lagos, FCT, Others on High Ebola Alert
E-Financial2 days agoNigerian Capital Market to Transition to T+1 Settlement Cycle on Monday
Telecom2 days agoNCC Expands IPv6 Board with the Appointment of Olusola Teniola, Funke Opeke Others
E-Business2 days agoReport Shows Start-ups Fuel Innovations in Africa
E-Business2 days agoNDPC Raises Alarm: Fake News, Data Abuse Could Destroy Nigeria’s 2027 Elections
Telecom2 days agoQNET, Manchester City Host Football Clinic for Young Talents in Ghana
















