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NCS Urges FG to Tap into  $45Bn Cybersecurity Market

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Nigeria Computer Society (NCS), umbrella body for all information technology practitioners in Nigeria, in its advocacy capacity, has called on the government at all levels in Nigeria, to tap into the opportunities in the multi-billion dollar cybersecurity market in Africa.

NCS Urges FG to Tap into  $45Bn Cybersecurity Market

The association made this plea in a communiqué issued at the end of its second Stakeholders’ Forum on Cybersecurity held at the National Open University of Nigeria (NOUN) in Abuja, recently.

The society also called on the federal government to harness local talents to tame the tide of attacks which have been on increase in the recent times.

Speaking on this, Mr Adesina Sodiya, president of NCS, said the Africa (& Middle East) cybersecurity market will be valued at about $45 billion within the next two years, noting that this presents Nigeria with huge opportunities to create jobs and leverage experts’ skills to become cyber-battle ready.

“The Nigerian society is advised to key into the sector and generate jobs. There is also currently a shortfall of 2.3 billion jobs in cybersecurity. So, Nigeria needs to produce cybersecurity experts.

“Since it was established, NCS has been strategic in its advice to members, governments, other competent authorities and the public, on national and international policy matters affecting the computing, information and systems technology industry.

“Consequent upon the foregoing, the Nigeria Computer Society has observed that cyberattacks in Nigeria today is on the increase,” the President said.

Mr Sodiya explained that the observation was based on current local and international reports.

“Individuals, governments, and corporate organizations are losing a huge sum of money and properties due to cyberattacks. Threat techniques are continually changing, and attacks are getting more sophisticated by the day, it is believed that this trend will continue if nothing is done,” he said.

He expressed NCS’s commitment to IT development in Nigeria which informed the forum geared towards addressing the factors mitigating efficient use of IT for leapfrogging development.

Meanwhile, the forum resolved among other things; that due to the impact of COVID-19 on health sector cybersecurity space, the government should include the health sector infrastructure in the list of critical national infrastructure and there should be a deliberate effort to come up with programs to build the capacity of young Nigerians in the field of cybersecurity hence government needs to invest in catching the young ones.

“There is a need for the government to train more of our youths on ethical hacking and how to use historical data through the help of artificial intelligence to fight cybercrime. These pieces of training should be either academic or vocational.

“The government should ensure that all organisations have a security policy in place. Chief Executive Officers should be trained to identify the sensitive data used in their organisations,” it disclosed.

It was also recommended that cybersecurity training should also be included at the Basic education level; “the pieces of training should be made interesting for example the training can be in form of games for kids to help develop their interest.

“There is a need to develop our own internal resources and technology to store our sensitive data as a nation. NITDA should enforce the use of .gov emails in all government agencies for security reasons.

“There should be enhanced enforcement of the Nigerian Data Protection Regulation (NDPR) laws. Chief Executives who violate the laws should be sanctioned.

“The Computer Registration Council of Nigeria should look at ways to develop professional certifications for Nigerians locally. This will save the cost of Professionals getting it internationally.

“The government and private sector should take cybersecurity awareness to the grassroots to enlighten the underserved and rural people. This can be done via radio jingles, cartoons, traditional dance, billboards, and media houses,” the group said.

The NCS Forum also suggested that government should introduce internet monitoring, to blacklist fraudulent sites and fake news sites, among other recommendations.

The NCS was established in 1978 and has over 10,000 professional members across the country and over five hundred thousand student members in the higher institutions, universities, polytechnics, colleges of education, and other accredited computer training centres in Nigeria.


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E-Business

Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

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China’s Huawei Technologies unveiled an AI computing system on Saturday that an industry expert said rivals Nvidia’s most advanced product, as the company aims to expand its footprint in the country’s booming AI sector.

Huawei Unveils AI Computing System to Challenge Nvidia’s Flagship Product

The CloudMatrix 384 system made its public debut at the World Artificial Intelligence Conference (WAIC), a three-day event in Shanghai, attracting a large crowd to Huawei’s booth with its showcase of cutting-edge AI innovations.

The system has attracted significant interest from the global AI community since Huawei (HWT.UL) first introduced it in April. Industry analysts see it as a direct challenger to Nvidia’s GB200 NVL72, the most advanced system-level offering currently available from the U.S. chipmaker.

In an April article, Dylan Patel, founder of semiconductor research firm SemiAnalysis, stated that Huawei now possesses AI system capabilities that could surpass those of Nvidia.

Huawei staff at its WAIC booth declined to comment when asked to introduce the CloudMatrix 384 system.

A spokesperson for Huawei did not respond to questions.

Huawei has become widely regarded as China’s most promising domestic supplier of chips essential for AI development, even though the company faces U.S. export restrictions.

Nvidia CEO, Jensen Huang told Bloomberg in May that Huawei had been “moving quite fast” and named the CloudMatrix as an example.

The CloudMatrix 384 system features 384 of Huawei’s latest 910C chips and, according to SemiAnalysis, surpasses Nvidia’s GB200 NVL72 in certain performance metrics, despite the latter using 72 B200 chips.

SemiAnalysis attributes this performance advantage to Huawei’s strong system design, which offsets the lower power of individual chips by leveraging a greater number of them and incorporating system-level innovations.

Huawei describes the system as utilizing a “supernode” architecture that enables ultra-high-speed interconnectivity between chips.

In June, Zhang Pingan, CEO, Huawei Cloud confirmed that the CloudMatrix 384 was already operational on Huawei’s cloud platform.


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Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

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Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.

The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.

In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.

Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.


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Microsoft Servers Hacked by Chinese Groups

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Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


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