Nigerian Tech Daily: African ITU Council Candidates & JPMorgan's Merchant Bank Plans

African Tech Leaders Emerge in ITU Council 2027-2030 Race

Bosun Tijani, Samuel Nartey George, and other African candidates are vying for seats in the International Telecommunication Union (ITU) Council 2027-2030. As reported by TechNext, these leaders will shape global digital policies affecting African nations. Their influence will impact internet connectivity, cross-border payments, and online business registrations.

Stanbic IBTC Profit Surges 33% to ₦370.4bn

Stanbic IBTC Holdings Plc has posted a profit of ₦370.4 billion in the nine months to September 30, 2026, a 33% increase from ₦278.5 billion in the same period in 2025. Despite a decline in electronic banking fees, the group's income from account transactions and card-related commissions grew, as reported by TechNext.

Netflix vs Amazon Prime Video: Pricing and Features Compared

A recent comparison by The Condia highlights the differences between Netflix and Amazon Prime Video in Nigeria. While both services offer Nollywood films and international content, Netflix has multiple subscription plans with varying prices and picture quality. Prime Video may be more cost-effective, but its features and data usage requirements differ from those of Netflix.

JPMorgan to Establish Merchant Bank in Nigeria

The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish JPMorgan Merchant Bank Nigeria Limited. This move marks a significant step in JPMorgan's expansion plans in Nigeria, as reported by Nairametrics Fintech.

Agriflex Expands into African Markets

Millicent Okumu, co-founder of Agriflex, a Kenyan agricultural business, aims to establish the company in at least five African countries within the next decade. Agriflex plans to be sustainably profitable and led by someone else by then, as reported by TechCabal.

iZinga Assist Bridges Donors and Non-Profits

Derek Lubner, co-founder of iZinga Assist, is working to repair the trust deficit between donors and grassroots NGOs. His platform aims to verify the effectiveness of donations, as reported by TechCabal.

The Takeaway for Nigerian Businesses & SME Operators

Today's tech news highlights the importance of staying adaptable and responsive to changing market conditions. As African ITU Council candidates shape global digital policies, Nigerian businesses must be prepared to navigate these shifts. Similarly, the expansion of JPMorgan's merchant bank and Agriflex's plans demonstrate the need for rapid response times and customer availability. By prioritizing these aspects, Nigerian SMEs can capitalize on emerging opportunities and stay competitive in the ever-evolving tech landscape.