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PROTEST: About 150 Computers Stolen From Kano Digital Park – Minister

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The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani has said the Kano Digital Park burgled in Kano under the guise of the “Endbadgovernance” protest on Thursday contained about 150 desktop personal computers (PCs) and laptops. 

The Minister disclosed this while speaking on a Channels TV programme, where he dissected issues around the ‘protest and the attack on the Kano facility.  

According to him, the loss to the attack runs into millions if not billions of Naira. He, however, noted that a private company in Kano had indicated interest in renovating the vandalized facility.  

Tijani also admitted that the Park was built under the immediate past administration of Muhammadu Buhari, but not completed.  

“This property is one of the properties that the last administration actually worked on, but they didn’t deliver it. A number of things were incomplete. It was only just two months ago that the last set of equipment was put in there. And we just agreed two weeks ago to launch the facility next week,” he said. 

Losses

Asked to estimate the value of the vandalized facility and the looted equipment.

“It will be millions if not billions, because it’s a lovely building. Apart from the building, I think, on top of my head, we have between 120 to 150 computers both PCs and laptops in there.  

“In fact, what was missing was that the generator needed a little more work, and the power backup needed to be done in the space before we could start using the computers.  

“That was the last thing we asked the contractor to supply and we were meant to go in and put it to good use but this is part of what you get with protests.”  Dr. Tijani stated

Reacting to social media critics who were asking why such a facility was sited in Kano, the Minister dismissed the insinuations that the State does not need digital skills, noting that there are lots of young people in Kano yearning for digital skills. 

According to him, Kano has the highest number of applicants for the ongoing 3 Million Technical Training (3MTT) programme of the government.  

“I’ve seen people make very ridiculous comments like why would you put a centre like that in Kano as if the young people in Kano don’t have the rights to dream, as if they don’t have the rights to be part of the digital economy.   

“Kano is one of the places where we had we’ve had the highest number of applications for the 3MTT and there are a lot of young people there who want to be part of the programme, they want to acquire skills that will make them part of the global economy,” he said.  

The Minister, however, noted that the vandalization of the facility would not impede the future plans for the Kano ICT Park as the Ministry is already getting support to make sure the park is renovated for your use. 

Incident

Many Nigerians on Thursday took to the streets in what marked the beginning of the ‘Endbadgovernance’ protest slated to be held from August 1 to August 10 across the country.  

The protesters are demanding that the government address the current high cost of goods and reverse some of its policies that have inflicted hardships on Nigerians.  

However, some youths hiding under the protest broke into the Digital Park built by the Nigerian Communications Commission (NCC) and carted away equipment including computers and furniture. 

 

 

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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