Nigerian Tech Daily: DBN Launches Climate Finance Programme, Microsoft 365 Experiences Outage

Nigerian Tech Daily: Top Developments for November 14, 2026

Today's tech climate is marked by significant developments in the Nigerian fintech space, with the Development Bank of Nigeria (DBN) launching a $275 million climate finance programme for Micro, Small and Medium Enterprises (MSMEs). Meanwhile, Microsoft 365 has experienced its largest outage in 12 months, affecting over seven million users.

Primary Developments

DBN Launches $275 Million Climate Finance Programme for Nigerian MSMEs

• What Happened: The Development Bank of Nigeria (DBN) has launched a $275 million climate finance programme to help MSMEs adopt clean energy solutions, improve climate resilience, and expand sustainable business operations.
• Why It Matters: This programme is a significant step towards promoting sustainable business practices in Nigeria, particularly among MSMEs. It has the potential to create jobs, stimulate economic growth, and reduce the country's carbon footprint.

Microsoft 365 Experiences Biggest Outage in 12 Months

• What Happened: Microsoft's cloud-based productivity ecosystem has suffered its largest outage in 12 months, attracting over seven million user-submitted disruption reports.
• Why It Matters: This outage highlights the importance of having a reliable and robust digital infrastructure, particularly for businesses that rely heavily on cloud-based services. It also underscores the need for companies to invest in disaster recovery and business continuity planning.

Other Notable Developments

• The Central Bank of The Gambia has directed commercial banks operating in the country to replace existing non-Gambian employees with suitably qualified Gambian nationals by December 31, 2026, which may affect 57 Nigerians working in the Gambia's banking sector.
• Onafriq has announced plans to shut down its Baxi agent banking business in Nigeria.
• Bluebulb's Ola Daramola is building beyond payments, focusing on building financial infrastructure that gives African businesses more control over their finances.
• CostGraph has made cloud costs easier to understand and manage, and is now looking to make it an infrastructure product.

The Takeaway for Nigerian Businesses & SME Operators

In today's fast-paced and ever-changing tech landscape, it is essential for Nigerian businesses and SME operators to stay ahead of the curve. This means having a robust digital infrastructure, investing in disaster recovery and business continuity planning, and being responsive to customer needs. With the rise of digital payments, e-commerce, and cloud-based services, businesses must be available and responsive 24/7 to remain competitive. By doing so, they can capitalize on new opportunities, mitigate risks, and drive growth in the Nigerian economy.