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Massive Turn-Out as Yudala Takes Black Friday Sells to Festac, Trade Fair



By peter oluka

Yudala made it a weekend to remember for scores of enthusiastic shoppers at Sara Stadium, Festac and Trade Fair Complex at Ojo Alaba, who took advantage of the amazing deals in its Mega Black Friday promotion tagged 11/11-12/12.

Determined to ensure that the unreached and under-served members of the public get a chance to enjoy the 11/11-12/12 Mega Black Friday deals, Yudala had stormed both locations by 9am with truck-loads of genuine products from various categories including Home Appliances, Computing, Electronics, Mobile phones, Lifestyle/Consumer Goods, Power Solutions, Food, Wines/Spirits, among others.

It turned out to be an opportunity of a lifetime for thousands of residents in Festac, Satellite Town, Amuwo-Odofin, Agboju, Alakija, Ojo Alaba and environs to shop genuine products at best prices unmatched in the marketplace.

For Mrs. Toyin Moroundiya, a lecturer at the Lagos State University, it was a dream come true.

“In fact, I didn’t believe it at first when I heard about it. I just rushed over and actually it is real. The TV set I had in mind to buy was available here and it’s actually half the price. This is awesome. I think everybody should take advantage of it. Yudala is real,” she gushed.

Another shopper, Arinze Obi, could not hide his excitement after grabbing a number of bargain deals on various items.

“Honestly speaking, I am so excited. At first, I was planning to go to the market to get some items at home and my budget was about N300,000. At the end of the day, I spent just over N150,000 here and I was able to get virtually all I wanted to go out and buy in the market. Left to me, if I am the President of Nigeria, I will find a way to encourage Yudala because they are the only company giving the community what they want at very affordable prices and most importantly, what they sell is very good products, original products.”

He urged other shoppers to follow his footsteps in shopping wisely this season.

“My fellow Nigerians, what I will say to you is: get yourself prepared. Go to Yudala and get whatever you need for yourself at very affordable prices,” he concluded.

Also speaking after experiencing the Yudala 11/11-12/12 Offline Mega Black Friday train, Mrs. Philomena Mbah was effusive in her praises and prayers for Yudala.

“I was directed here by a friend. I was just prepared to get a phone but I just decided to try and see what Yudala is doing, so I drove down here. I was really surprised that Yudala could slash their prices. In fact, Yudala is the best. I had only wanted to shop for an iPhone but ended up buying so many lovely items from them and I am highly impressed. I’m so happy. I just wish they can keep on coming here and making people smile and happy. God will bless the company.”

Next Saturday November 18th 2017, it will be the turn of Agege and Ita Ilewa, Ikorodu to enjoy the Yudala 11/11-12/12 deals galore, with plans already finalized to storm both locations with a mobile store, two 40-feet trucks and buses loaded with eye-catching products and accompanied by dancers, music and digital entertainment.

The Yudala 11/11-12/12 Mega Black Friday which kicked off on Saturday November 11th will run until Tuesday December 12th2017 online @ www.yudala.comand in every Yudala store nationwide.

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IBM Study Unveils Hidden Costs of Data Breach



IBM Security has released a global study examining the full financial impact of a data breach on a company’s bottom line.

The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee time spent on recovery — can be a huge factor. In a “mega breach” of 1 million or more records, one-third of the cost derived from lost business.

And the cost is on the rise; since the 2017 report, the average cost of a data breach globally has increased 6.4 percent, to $3.86 million, according to IBM. The number of mega breaches is also up — from nine in 2013 to 16 in 2017.

The study, sponsored by IBM and conducted by Ponemon Institute, also reveals that:

– Average cost of a data breach involving 1 million records is nearly $40 million.

– Estimated cost of a breach involving 50 million records is $350 million.

– Average time to detect and contain a mega breach (365 days) is 99 days longer than for a smaller-scale breach.

– In a mega breach, the greatest cost is from lost business, estimated at nearly $118 million for a breach of 50 million records.

A major factor in lost business cost is customer turnover — a recent IBM/Harris poll found that 75 percent of consumers in the U.S. say that they will not do business with companies that they do not trust to protect their data.

“The truth is there are many hidden expenses which must be taken into account, such as reputational damage, customer turnover, and operational costs,” said Wendi Whitmore, global lead for IBM X-Force incident response and intelligence services. “Knowing where the costs lie and how to reduce them can help companies invest their resources more strategically and lower the huge financial risks at stake.”

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Global Accelerex Trains Nigerian Security Agencies on Cyber Crime



Global Accelerex Limited, a Central Bank of Nigeria-licenced Payment Terminal Service Provider and Payment Solution Service Provider, as part of its Corporate Social Responsibility Program, is set to train members of Nigeria’s Security Agencies on Cybercrime.

The event, which will hold on July 25, 2018 at Ladi Kwali Conference Center, Sheraton Hotel, Abuja, will enrich participants’ knowledge of the cyberspace and increase their versatility in dealing with on-line crime.

This collaboration, first of its kind in the e-payment industry, is borne out of the company’s desire to rid the nation of cyber criminals who continue to bring the country’s name into disrepute.

In addition to learning about cyber vulnerability, attendees will also learn about insider threats and sophisticated cyber adversaries.

The forum will host more than 30 participants including officials of the Nigerian Police, Nigerian Armed Forces, Economic and Financial Crimes Commission, Independent Corrupt Practices Commission, State Security Service, National Intelligence Agency and National Drug Law Enforcement Agency.

Others are Nigerian Security and Civil Defence Corps, Defence Intelligence Agency and Nigerian Custom Service.

“We applaud the effort of the Nigerian government in combating cybercrime and securing lives and property in the country. Global Accelerex is driven to compliment this effort to ensure that Nigeria is rid of these miscreants so that citizens can enjoy the cyberspace with the peace of mind they deserve.

It is absolutely critical that we support security operations so that Nigerians can use the internet freely, which is why this training is vital”, stated Stanley Peters, Chief Technology Officer of the company.

The National Security Adviser commends the initiative by Global Accelerex, saying that the move will definitely impact positively on the officers and the nation in general.

He added that continuous training is critical to stay ahead of criminals even as he revealed that attendees have shown a high level of enthusiasm at this unique opportunity.

Keynote speakers that will bring their experience to bear are Mr. Tahmeed Rab, Co-Founder and Managing Partner of Kaizen Solutions Group, Baltimore, USA and Mr. Peter Obadare, Co-Founder and Chief Operating Officer of Digital Encode.

Both experts are acclaimed for their ground-breaking achievements in cyber security, risk and compliance, mobile forensics, network and system consulting.

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E-Business Acquires iAfrica



Media holding company has today announced its acquisition of Primedia and MTN-owned news portal, The terms of the agreement were not disclosed.

In a statement, says the acquisition builds on the company’s strength in running the news Web site and the business publisher’s network, a group of nearly fifty business content publishers on the continent who have joined to create a digital audience of over 15 million influential business people. chairman and CEO, Teresa Clarke, will serve as executive editor of iAfrica.

“The acquisition of iAfrica creates a next generation South African media platform with a global reach,” says Clarke. “By acquiring iAfrica, we are able to combine editorial, technology, and marketing resources, bringing the benefits of more original content and better site performance to readers of both iAfrica and”

Laura Joseph’s MD, adds: “We are fusing a legendary African news portal with an innovative and dynamic management team under one umbrella. With combined resources, we will continue to make each site better and better.”

According to the statement, has already started its re-branding of the news portal.

“ is known for its creative content in the form of slideshows, videos, and infographics, and we will bring these content forms to iAfrica,” notes Debra Winter, COO of

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