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Firm unveils first phase of 100MW data centre

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Kasi Cloud has commissioned the first phase of its planned 100-megawatt AI-ready hyperscale data centre campus in Lekki, Lagos, marking one of Nigeria’s most ambitious investments yet in digital infrastructure and local compute capacity.

The company said the facility is designed to support artificial intelligence workloads, cloud computing, enterprise storage and high-density digital services at a time when global demand for AI infrastructure is accelerating rapidly.

The project, estimated to cost about $250m, broke ground in April 2022, while major construction work began in the second quarter of 2023. The commissioning marks the first operational deployment within the broader campus, which Kasi Cloud plans to scale over time into a 100MW data infrastructure ecosystem.

Nigeria currently has about 17 operational data centres, according to industry estimates, with most facilities operating below 25MW capacity. Kasi Cloud said the Lekki campus is intended to significantly expand the country’s compute footprint and reduce dependence on foreign-hosted infrastructure.

Founder and Chief Executive Officer Johnson Agogbua said the project is intended to help reverse Africa’s dependence on foreign digital infrastructure by creating local capacity capable of supporting the next generation of AI-driven applications.

“What we’re most proud of is the role that our people and our team have played,” Agogbua said during a media briefing at the facility in Lagos on Saturday. “Almost every other data centre built here was designed by others for us. Kasi is Nigeria proper. Africa proper.”

The company said the first deployment includes a 5.5-megawatt data hall and a 7.5-megawatt ecosystem floor designed to accommodate local and international businesses requiring colocation, cloud hosting, storage and networking services.

According to Agogbua, the ecosystem floor is intended to allow customers to lease infrastructure ranging from a single server node to an entire aisle of racks, depending on operational requirements.

“It’s an opportunity for our international partners, local partners and local businesses to take up anything between a single node and a rack to a full aisle of IT workloads,” he said.

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Global Director, Marketing and Sales Operations at Kasi Cloud, Ngozika Agogbua, said the project sits at the intersection of technology, economics and geopolitics at a time Africa is increasingly seeking greater control over its digital future.

“Africa has become one of the fastest-growing digital markets in the world,” she said during a press conference in Lagos on Saturday. Yet when it comes to artificial intelligence, the continent still operates with less than one per cent of global compute capacity, relying almost entirely on infrastructure located outside its borders.”

According to her, the dependence on overseas infrastructure means African businesses continue exporting critical data and economic value whenever they run AI workloads.

“Every time an African business runs an AI workload, the data travels to a server in Europe or America,” she said. “The economic and strategic cost of that dependency is enormous and largely invisible.”

Agogbua described the Lagos campus as part of what could become a structural shift in Africa’s digital economy, comparing the moment to the expansion of subsea cable systems and mobile telecommunications networks that transformed connectivity across the continent over the past two decades.

“We believe this is less a company launch and more a structural turning point,” she said.

The company argued that large-scale local compute infrastructure is becoming increasingly important as governments, financial institutions, startups and enterprises across Africa accelerate adoption of AI-enabled systems and cloud-based services.

The company said the facility is also being designed to support certain GPU-intensive workloads required for AI computing while providing a carrier-neutral interconnection hub linking telecommunications operators and international submarine cable providers.

Agogbua said the upper floors of the campus are specifically designed for wholesale and hyperscale cloud providers such as Amazon Web Services, Google and Microsoft seeking expansion capacity in West Africa.

“Players like AWS, Google and Microsoft find it difficult to enter new markets and build at scale,” he said. “We have both the power and the space they need to expand.”

The company disclosed that the campus has a dedicated 132-kilovolt substation capable of scaling deployments to approximately 100 megawatts of IT load, positioning it among the largest planned AI-ready compute facilities in the region.

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Agogbua repeatedly emphasised the distinction between total power infrastructure and “critical load”, the electricity directly delivered to computing systems, storage infrastructure and networking equipment.

“When we say critical load, we mean the things that go to computers, routers and storage devices,” he said.

According to him, each floor of the facility is capable of supporting approximately eight megawatts of critical load, while a single building on the campus could ultimately scale to more than 30 megawatts.

“That’s bigger than power delivered to some small cities in Nigeria,” he said.

He argued that Nigeria’s ability to compete in the digital economy will increasingly depend on whether the country can develop infrastructure capable of supporting AI systems locally.

“If we’re going to really embrace digital and employ AI-related systems to leapfrog into modernity, we need facilities of this scale,” he said.

Agogbua said Nigeria missed earlier phases of industrialisation but could still leapfrog economically through rapid adoption of modern digital infrastructure and AI technologies.

“We can digitise early, apply modern tech and leapfrog into it,” he said. “It requires facilities of this scale. It requires deployment of this scale.”

He also urged policymakers to create conditions that encourage international technology companies to establish local operations while ensuring Nigerian talent participates directly in the ecosystem.

“Make it easy for them to enter,” he said. “But require them to have us working on it. That’s how we get training.”

A major theme throughout the briefing was data sovereignty and concerns that Africa risks remaining dependent on foreign-owned AI systems if local compute infrastructure is not developed.

Agogbua argued that African languages, culture, commerce and historical records may become under-represented in future AI models if the continent does not build domestic infrastructure and local AI ecosystems.

“Will the brain that will run the future be on our soil?” he asked. “Or are we going to be renting it?”

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He said AI systems shaping future digital experiences should increasingly be developed and operated within African cities rather than entirely from technology hubs in North America, Europe or Asia.

“If those coding the model reside in San Francisco, Munich or Shanghai and documenting our language and culture, we’ll be lost,” he said. “They should be in Yaba, Abuja, Enugu, Kano, and all of our cities.”

The company also emphasised local engineering participation in the project, describing Kasi as an African-led infrastructure initiative rather than a foreign-built deployment.

Agogbua said the company established an internal training initiative known as Kasi Academy to develop local engineering talent capable of supporting advanced digital infrastructure projects.

“When people asked how we would replicate world-class execution, we said we would grow them,” he said.

According to him, many of the engineers working on the project were trained internally through the academy, with Nigerian teams directly involved in designing and deploying key systems across the facility.

“The final design, the final rendering, is done here,” he said.

While acknowledging that some equipment and specialised manufacturing capabilities still need to be sourced internationally, he maintained that Africa already possesses the technical talent needed to build sophisticated infrastructure locally.

Beyond enterprise cloud infrastructure, Agogbua linked AI deployment to broader economic transformation across Nigeria’s informal economy, including retail markets, healthcare delivery, logistics and inventory management.

“Go to the market and watch what’s going on,” he said. “Their ledger is on worn-out paper. Their inventory is in their brain. All those are opportunities.”

According to him, AI-enabled systems supported by local infrastructure could help small businesses automate inventory management, improve forecasting and strengthen supply chains.

“That’s the opportunity for our boys and girls,” he said. “But infrastructure for it must be accessible to them.”

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Whatsapp to begin charging businesses per message from October 1

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Meta, the parent company of WhatsApp, will begin charging businesses for certain messages sent through the WhatsApp Business Platform from October 1, 2026.

This was disclosed in a WhatsApp Business Platform pricing update in July 2026.

The new charges will be applied to companies using the official WhatsApp Business Platform, formerly known as the WhatsApp Business API, to manage customer conversations at scale.

Banks, fintechs, e-commerce companies, telecoms operators, logistics firms and large retailers that rely on the platform for customer service and transactional communication are among those that could be affected.

However, the development will not affect ordinary WhatsApp users or most small businesses using the standard WhatsApp Business app on their phones.

Under the current system, when a customer sends a message to a business, a 24-hour customer service window opens. During that period, businesses can respond with free-form service messages and certain utility messages without paying Meta.

However, from October 1, Meta will begin charging businesses on a per-message basis for service messages sent during the customer service window.

Meta, in its developer documentation, said, “Effective October 1, 2026, Meta will charge on a per-message basis for all service messages, consistent with how Meta charges for template messages. These messages have not been charged since November 1, 2024.”

The company added, “Effective October 1, 2026, Meta will charge on a per-message basis for utility messages sent in response to users (within an open 24-hour customer service window). These messages have not been charged since July 1, 2025.”

Utility messages include communications such as payment confirmations, order updates and delivery notifications.

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Meta also warned businesses and Solution Providers about the need to add a payment method ahead of the new charges.

It said, “For any Solution Provider or directly-integrated businesses that does not have a payment method on file by September 30, 2026, Meta will stop delivering service messages as of when they become charged on October 1, 2026.”

For Nigerian businesses, a chargeable utility or service message is expected to cost about $0.0101 per message, equivalent to roughly ₦14 based on an exchange rate of about ₦1,340 to the dollar.

Marketing messages are considerably more expensive, at about $0.062 per message, or approximately ₦84 at the same exchange rate.

The charges are Meta’s fees and do not necessarily represent the total amount a business will pay. Companies using Business Solution Providers or third-party platforms to access the WhatsApp Business Platform may incur additional provider charges.

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FG reaffirms partnership with Taraba to unlock economic potential

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The Federal Government has reaffirmed its commitment to working with the Taraba State Government to unlock the state’s vast potential in agriculture, energy, tourism, infrastructure and mineral resources.

The Minister of Information and National Orientation, Mohammed Idris, stated this on Thursday in Jalingo at the Gala night to mark the Taraba State’s 35th anniversary and the official unveiling of the Taraba Regional Development Master Plan.

He described the newly unveiled Taraba Regional Development Master Plan as an important blueprint for sustainable growth.

Idris, who conveyed the greetings of President Bola Tinubu and the Federal Executive Council to the government and people of Taraba State, said the state’s 35th anniversary offered an opportunity not only to celebrate its progress since creation in 1991, but also to define a clear pathway for its future.

He commended Governor Agbu Kefas of Taraba for adopting a long-term development framework, saying the success of the Master Plan would ultimately depend on sustained implementation and its impact on the lives of citizens.

“The success of this Master Plan will not be measured by the ceremony at which it is unveiled, but by the roads built, businesses created, jobs generated, communities connected and lives improved,” the minister said.

Idris described Taraba as one of Nigeria’s most promising economic frontiers, with enormous opportunities in agriculture and agro-processing, livestock, hydropower, tourism, manufacturing and mineral development.

He praised the Kefas Administration for its investments in education, healthcare, infrastructure, security and economic development, particularly its policy of free and compulsory primary and secondary education.

He said the evidence was in the provision of more than N1.8 billion in 2026 to cover NECO, BECE and NABTEB examination registration for public-school students.

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The minister also highlighted the approximately 268 million dollars financing agreements signed between Taraba State and the ECOWAS Bank for Investment and Development for an integrated industrial park, 10,000 hectares of irrigated rice production and processing, and a 50-megawatt solar power plant in Jalingo.

He said the investments represented the kind of initiatives required to convert the state’s natural advantages into production, value addition, employment and sustainable economic growth.

Idris said Tinubu’s administration was complementing the state’s development drive through major federal infrastructure projects.

“These include the Gembu–Mbamnga–Yang (Lip) Road, the Bali–Serti–Gashaka–Gembu Road, interventions on the Jalingo–Mutum Biyu–Tella–Wukari corridor, as well as further work on the Mayo Selbe–Gembu, Mutum Biyu–Garba Chede and Jalingo–Numan roads.

“These are more than roads. They are investments in connectivity, trade, tourism, agriculture, security and the movement of people and goods,” he said.

The minister also reaffirmed the federal government’s commitment to harnessing Taraba’s agricultural, energy and mineral potential, including the strategic Mambilla Hydroelectric Power Project.

On security, Idris said the federal government was advancing reforms toward the establishment of State Police to bring policing closer to communities while ensuring professionalism, accountability and safeguards against abuse.

He said such a framework could be particularly beneficial to Taraba because of its vast terrain and dispersed border communities, where local knowledge, intelligence gathering and rapid response were critical to effective policing.

The minister also cited the establishment of the Nigerian Army’s 10 Division, headquartered in Jalingo, with operational responsibility for Taraba and Adamawa States, as evidence of the federal government’s commitment to strengthening security in the region.

“Security and development must go together. People cannot invest, farmers cannot move their produce, tourists cannot visit and businesses cannot grow where communities feel unsafe,” Idris said.

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He said the federal government’s economic reforms were designed to create a stronger fiscal foundation for development, noting that the removal of petrol subsidy had mobilised N15.8 trillion in additional resources for the Federation between June 2023 and December 2025.

According to him, approximately N5.4 trillion accrued to the federal government while about N10.4 trillion went to states and local governments, providing additional resources for infrastructure, education, healthcare, security and human capital development.

Idris said the federal government remained opposed to a return to the previous subsidy regime, stressing that the priority was to consolidate the gains of reform, protect vulnerable Nigerians and ensure that additional public resources translated into tangible improvements in citizens’ lives.

He emphasised that development must ultimately be people-centred, creating opportunities for young people, expanding women’s economic participation, supporting farmers and small businesses, and connecting communities to markets and public services.

The minister also pledged stronger collaboration between the Federal Ministry of Information and National Orientation and the Taraba State Ministry of Information and Re-Orientation to ensure citizens understand and embrace the objectives of the Master Plan.

“The vision contained in this Master Plan must go beyond government offices. It must reach the farmer, the entrepreneur, the student, the trader and communities across Taraba.

“This is because a plan for Taraba must ultimately be a plan owned by the people of Taraba,” he said.

Idris congratulated Kefas, the government, and the people of Taraba State on the state’s 35th anniversary, describing the occasion as both a celebration of Taraba’s history and a renewed commitment to its future.

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“35 years of history. A new blueprint for the future. And a renewed commitment to building the Taraba we want and the Nigeria we deserve,” the minister said.

In his remarks, Kefas also called for continuity in governance, acknowledging the contributions of former military administrators and elected governors to Taraba State’s development.

He said his administration was committed to building on previous achievements, correcting what needed to be corrected, completing worthy projects and opening new frontiers for future generations.

He stressed that the development of Taraba must remain bigger than any government, political party, ethnic group or individual, urging former leaders to continue contributing their experience and institutional knowledge to the peace, unity and prosperity of the state.

“Government must be a continuum. Development must be cumulative. Taraba is bigger than any government, any administration, any political party, any ethnic group, or any individual,” Kefas said.

He added that the ultimate credit for development belongs to the people of Taraba State.

Present at the event were the former Governor of Taraba State, Rev. Jolly Nyame; Secretary to the Government of Taraba State, Chief G.T. Kataps; Director-General of the Nigerian Television Authority, Salihu Dembos; and  Director-General of the Federal Radio Corporation of Nigeria, Dr Mohammed Bulama.

Others were the Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho; as well as other distinguished government officials, traditional leaders, members of the diplomatic and business communities, and other dignitaries.

NAN

Source: punchng.com

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CBN cuts T-bill rate amid N3.63tn demand

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Investors are increasingly positioning for longer-term returns in Nigeria’s fixed-income market, with the latest treasury bills auction showing an overwhelming preference for the one-year government security.

At the Central Bank of Nigeria’s (CBN) primary market auction on Wednesday, investors submitted N3.63tn for the 364-day T-bill, representing 95.9 per cent of the N3.79tn total bids received across the three maturities.

The demand came despite the CBN lowering the stop rate on the one-year instrument by 44 basis points to 17.15 per cent, from 17.59 per cent at the previous auction.

The auction results point to a significant shift in investor appetite towards longer-dated government securities, even as demand for shorter-tenor instruments remained subdued.

The CBN had offered N700bn across the three maturities, comprising N100bn each for the 91-day and 182-day bills and N500bn for the 364-day bill.

However, total subscriptions reached approximately N3.79tn, more than five times the amount offered.

The PUNCH that the 364-day instrument was the clear outlier at the auction, receiving bids equivalent to 7.26 times the amount offered.

The CBN ultimately allotted N638.19bn, exceeding the N500bn offer by N138.19bn. Despite the additional allotment, only about 17.6 per cent of total bids submitted for the instrument were accepted.

Investors quoted yields between 16.00 per cent and 19.05 per cent, but the CBN settled at 17.15 per cent, suggesting that the level of demand allowed the regulator to reject more expensive bids.

The development is significant because the CBN achieved a lower borrowing rate even after receiving exceptionally strong demand for the security.

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The contrast was stark at the shorter end of the curve. The 91-day bill attracted N103.32bn in subscriptions against N100bn offered. The CBN allotted N89.10bn at an unchanged stop rate of 16.30 per cent.

The 182-day bill performed even more weakly, attracting only N52.93bn against N100bn on offer. The CBN allotted N35.59bn, while the stop rate remained at 16.50 per cent.

Secondary-market yields for the three instruments stood above their respective auction stop rates, at 17.45 per cent for the 91-day bill, 17.05 per cent for the 182-day bill and 17.24 per cent for the 364-day bill.

According to a financial sector analyst, Jimbe Asalor, the concentration of bids in the one-year instrument suggests investors may be placing greater value on locking in relatively attractive yields over a longer period rather than repeatedly rolling over shorter-term securities.

He noted that the latest auction also demonstrates “the CBN’s ability to borrow more cheaply when demand is concentrated around a particular maturity.”

He added that by accepting N638.19bn on the 364-day bill at 17.15 per cent, the CBN borrowed above its initial offer while simultaneously cutting the rate by 44 basis points.

“The nine-basis-point difference between the auction stop rate and the 17.24 per cent secondary-market yield also indicates that the one-year segment is now trading relatively close to market expectations.”

A Lagos-based consultant economist, Chukwunonso Iheoma, said if the preference for longer-dated treasury bills persists, the development could provide further support for a gradual decline in government borrowing costs while strengthening expectations of eventual interest-rate cuts.

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Source: punchng.com

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