E-Business
UNICCON Group Launches SmartAfri Labs to Drive Africa’s Inclusion in Blockchain
The UNICCON Group of Companies has launched its blockchain technology – SmartAfri Labs, to drive the inclusion of Africans and adoption of the specialized technology in the region.
Speaking during the unveiling, the Chairman of UNICCON Group, Dr. Chuks Ekwueme, shared insightful statistics to illustrate the poor inclusion and adoption of the blockchain ecosystem in Africa.
“Africa has less than a 5 percent stake in the projected $1.1 trillion the industry promises. We have created technology and platforms to drive inclusion by up to 25 percent by the year 2025. Our VR headsets for example are more affordable, and will not exclude poor Africans from using the technology.
“This is inclusion. It is erroneous to view blockchain technology as being crypto. It is much more than that, and that notion should be vacated. We have built this platform, which is a fusion of Web 2.0 and 3.0 and we are keen on being key participants in the 4IR. There is a huge market in our NFT marketplace as Nigerians and Africans from the creative and other industries can tap into it to generate wealth and add to the GDP.”
The novel product, which is the first African blockchain technology, consists of SmartAfri Chain (blockchain node), NFT Marketplace (Create and sell NFTs), SmartAfri Verse (Metaverse), SmartAfri eMarket (fusion of 2.0 and 3.0) and UNICCON VR(locally made and subsidized headsets). The project seeks to increase stakes for Africans, encourage more developers to get into the niche, and overall, to drive massive inclusion.
Speaking during the welcome address, Kehinde Ake, General Manager, UNICCON, stated that SmartAfri Labs offers exceptional levels of security, transparency, and efficiency, granting users the ability to transfer assets, save data, and carry out smart contracts in a decentralized and fraud-proof network.
“We have created this technology to allow Africans to stand tall, raise their heads, spread their shoulders, and take giant strides in an ecosystem that was once alien to them,” he said.
Keynote speaker John Paul Nwobodo, who is an industry investment analyst with Adaverse, spoke about the monumental impact of blockchain technology in a wide variety of industries.
Using the banking industry as a point of reference, “according to the 2021 World Bank report, 66 percent of Nigerians are unbanked, and the banked are being recycled by existing financial services providers.
The cost of cross-border remittance is very high and using blockchain can help reduce these numbers, making cross-border remittances cheaper and defying geographical barriers.”
The company’s Chief Technology Officer (CTO) Eval Esege, presented SmartAfri Labs and took the audience on an experiential journey of what it does, how it works, and its many bundled benefits. “SmartAfri Labs was borne out of the need to create a blockchain ecosystem that represents African values and culture. We have set up a partnership opportunity available from today to allow those who resonate with our vision to join us on this journey.”
The launch had in attendance, representatives from the National Information Technology and Development Agency (NITDA), the Nigerian Computing Society (NCS), Adverse, the blockchain community, and the private sector.
Chris Ebosie, Group General Manager at Uniccon, closed the event with a vote of thanks to appreciate the management, staff, consultants, speaker, guests, press and everyone who contributed to the success of the event. A larger number of the audience joined virtually via YouTube, Zoom, Instagram, Twitter, and Discord.
UNICCON Group has been at the forefront of creating innovative tech solutions to solve problems in Africa. Recall that the company launched the first African humanoid in December 2023. It has also signed an MoU with NITDA, and is currently supporting the Federal Government in deepening digital literacy in Nigeria. This move will see the realization of 95 percent literacy in the country by the year 2030.
E-Business
Ride the ‘Wicked’ Wave: Temu Brings Green Magic to Christmas
Temu is set to enchant the holiday season with its unique blend of green magic, bringing a touch of festive wonder to Christmas celebrations. The initiative, themed “Ride the ‘Wicked’ Wave,” promises to deliver an unforgettable experience, combining technology, entertainment, and commerce to create a magical holiday atmosphere.
Temu’s green magic initiative aims to captivate audiences with a variety of festive offerings, from fashion to home decor, handmade crafts, beauty items, chic clothes, shoes, and more.
The platform’s innovative approach ensures that customers can enjoy a seamless shopping experience, with free shipping on all orders1.
As part of the celebration, Temu has also introduced a magical winter Christmas backdrop, perfect for creating a festive ambiance at home.
This backdrop, made from high-quality polyester, is designed to bring the spirit of the season to life, making it an ideal addition to any holiday decor.
With its commitment to providing exceptional products and services, Temu continues to set new standards in the e-commerce industry, ensuring that customers can enjoy the magic of Christmas in style
E-Business
Kaspersky Cybersecurity Experts Warn of Evolving Holiday Scams
With the holiday season here, it’s not only a time for magic and celebration but also a prime opportunity for fraudsters to exploit the festive rush for gifts and bargains.
Amid the sparkle of year-end celebrations, cybersecurity experts at Kaspersky have identified several prominent scams targeting consumers across various regions and languages.
Fake holiday shops
Deceptive online stores mimic the look and feel of legitimate e-commerce sites, offering seasonal items such as decorations, gifts, and even trees at steep discounts.
These sites often appear highly localised, adapting their language and currency based on the user’s geographic location, leveraging data extracted from browsers.
Victims typically encounter these stores by following links in ads or pop-ups.
These sites aim to steal funds. Often, these fraudulent stores exist only for a short period, as they get flagged by the vendors of goods.
Free mobile data offer
This scam plays on the allure of free services, claiming to provide free mobile data valid across all major telecom providers.
In order to receive the free data, victims are required to share the promotion link with 10–15 contacts via WhatsApp, ensuring the scam spreads exponentially.
After sharing, victims are prompted to enter their personal details — name, phone number, and email — into a form.
The collected data is then sold on the Dark Web or used in other fraudulent activities.
In some cases, victims unknowingly download malware that compromises their devices, leading to further exploitation.
Holiday payments on behalf of government agencies
Fraudsters impersonate government authorities, promising fictitious payments in celebration of the holidays.
This scam has been reported in several African countries, including Kenya and Nigeria.
To receive payment, victims are directed to fill out a survey which requires personal details like name and phone number.
Once the survey is completed the user is asked to share the link to the announcement with their connections via WhatsApp.
These details are collected and added to fraudulent databases, then sold to third parties or used for phishing attacks and identity theft.
This scam exploits trust in government systems and the festive spirit of giving.
Christmas recipe scam
This scam begins with a seemingly harmless email promoting a holiday cake recipe.
Victims are encouraged to pay a small fee to access the recipe.
Once payment is made, the victim’s credit card information is stolen. The fraudsters also collect other personal information essential for accessing banking services.
“Holiday scams are not a new phenomenon, but they have evolved to become increasingly sophisticated, leveraging regional traditions and technology to exploit unsuspecting victims.
The rush of the holidays makes people more vulnerable — they’re distracted, eager to grab a deal, or trust promotions that align with festive themes. Cybercriminals are not just stealing money — they’re building massive databases of personal information that fuel future fraudulent schemes.
The holiday season is a time for joy and giving, but users need to remain vigilant to ensure they’re not unknowingly giving fraudsters the tools to exploit them further,” said Olga Svistunova, Senior Web Content Analyst at Kaspersky.
E-Business
Hackers Seize NBS Newly Redesigned Website
Cybercriminals have persisted in targeting Nigerian government websites, with the most recent attack on the National Bureau of Statistics (NBS).
The NBS confirmed the development in a brief statement posted on its X (formerly Twitter) account
It said that its newly redesigned official website has been hacked.
The NBS disclosed the incident and assured the public that efforts are underway to recover the website.
It urged the public to disregard any messages or reports posted until the full recovery of its website.
The statement on X read: “This is to inform the public that the NBS website has been hacked, and we are working to recover it. Please disregard any message or report posted until the website is fully restored.”
The NBS plays a vital role in Nigeria’s development, serving as the official statistical agency responsible for collecting, analyzing, and disseminating statistical data on the country’s economy, governance, and development
This marks the latest in a series of attacks on Nigerian government websites, a trend that has been ongoing for some years.
From government ministries to officials, cyberattacks in Nigeria have surged to alarming levels, with even financial institutions falling victim.
The Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA) frequently issue warnings of cybercriminals targeting individuals, government entities, banks, and telecom companies.
- E-Financial3 days ago
Fraud in Bank Branches Surges by 31 Percent in Q2 — FITC
- News3 days ago
9mobile Addresses Recent Service Outages, Apologizes for Inconvenience
- Telecom3 days ago
Airtel Once Again Wins Partnership of the Year Award at SERAS 2024
- News3 days ago
Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim
- E-Financial3 days ago
UBA to Deepen International Expansion, Others with N239bn Rights Issue
- Telecom3 days ago
NBS Says 25m Phones Stolen in Nigeria in 12 Months
- E-Financial3 days ago
JAIZ Bank Secures N10.04bn Via Private Placement
- Telecom2 days ago
Konga to Launch Africa’s First AI-Powered Hit Music & Commerce Radio Station