Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Inhouse data hosting saving Nigeria forex losses

01 February 2016, 18:58Okoro Chinedu

Lagos - Nigerian companies can now host their data in-country to avoid further foreign exchange losses for the country.

This follows MainOne’s Tier III Data Center, MDX-i, lending its voice to the call by the Office for Nigerian Content in Information and Communication Technology to enable companies do host data in-country.

MainOne Data Centre Product Manager, Vremudia Oghene-Ruemu, highlighted the benefits of hosting Nigerian data in-country, not only in terms of foreign exchange conservation, cost reduction, job creation and increase in tax revenues to government.

He underscored the security risks attendant in hosting sensitive data off-shore.

Oghene-Ruemu said the increased adoption of ICT and in particular E-Government, E-Commerce and E-Banking had made data hosting inevitable.

Also Read: Banks struggle to meet $5 bn forex obligations

The official however decried the practice where government agencies and large Nigerian businesses hosted their servers offshore, which exposed them to huge security risks, in addition to revenue losses resulting from capital flight to international companies.

“There is nothing available in offshore facilities that Nigerian Data Centers do not have,” he said.

He pointed out Nigeria has circa 5 000 m2 in Tier III DC space, certified by various international organisations.

MainOne’s carrier neutral data center, MDX-I is internationally-certified.

“We are currently the largest in West Africa, and recently received the Frost and Sullivan award for providing advanced Data Center Infrastructure in West Africa,” said Oghene-Ruemu.

- CAJ News

Tags forex

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...