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E-Business

A Huge Boost to Nigeria’s Tech Ecosystem as Eko Innovation Centre Launches

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L-R: Moruf Oseni, Deputy Managing Director, Wema Bank; Akin Banuso, General Manager, Microsoft; Babajide Sanwoolu, Lagos State Governor; , Aramide Abe, founder, Naija Startup; and Victor Afolabi, Chief Executive Officer and founder of Eko Innovation Centre, during the inauguration of Eko Innovation Centre in Ikoyi, Lagos on Tuesday.
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Technology is the key driver to fast-growing economies globally, creating smart economies with technology-driven innovative solutions, leading to the creation of new jobs that previously never existed.

This idea of a technology-driven growth is the key motivation for Victor Afolabi to develop a new innovation centre– Eko Innovation Centre for the incubation of startups in Lagos – the heart of the country’s economy.

Tech hubs are a vital part of the entire start-ups ecosystems by providing platforms and opportunities for collaborations and building support structures that are important to the growth of new startups. Lagos, over the last few years has become one of Africa’s city with a robust tech ecosystem; it is currently the city with the highest number of technology hubs on the continent.

It is in keeping up with this fast-growing paradigm of technology driven economies, that the new Eko Innovation Centre was launched on Tuesday, 28th May 2019, aimed at discovering, incubating and curating new startups that will create new technological-driven solutions and add more value to an already growing tech ecosystem on the continent. The primary objective being to transform the tech and innovation landscape in Nigeria and by extension, Africa .

According to the founder, the motivation was the need to create an enabling environment for young people to develop innovative solutions and create employment while leveraging on technology, and for him, Lagos provides the perfect setting to launch this idea.

“We saw in the Lagos manifesto an agenda to make the State a 21st century economy. The only way to create a 21st century economy is to make sure you are creating businesses and solution to problems that are driven by innovation and technology,” he said during the launch of the centre.

It will be noted that Nigeria recorded the highest growth of tech hubs in Africa, expanding by 40% in 2 years between 2016 and 2018.

Eko Innovation Centre is designed not just to add to the growing figures of local tech hubs, but to provide a much-required platform for startups to scale through the challenges of their incubation period – a bold and audacious initiative for the country’s tech community.

A Game Changing Initiative

Most of the existing technology centres and hubs primarily provide workspaces and basic facilities including power and internet services, with a few more providing support platforms for the growth of the startups operating from there.

Eko Innovation Centre will provide shared services including legal, finance, tech, marketing, and PR services among others. And most importantly, Mr. Afolabi says, the centre will provide investment readiness services as well as funding for the startups.

This means that startups that are admitted will have the time to focus on their businesses and are not worn out by bureaucracy, as the hub will essentially take up most of the bureaucratic processes, allowing the businesses focus more on the success of their ventures – a game-changer for potential start-ups.

For most Nigerian startups, the stage between concept to commercialization is mostly the defining stage of the journey, where many eventually get it wrong.EIC is simply saying, “focus on building your products and business, while we take care of the other things for you!”

The new Lagos state governor, Mr. Babatunde Sanwo-Olu also graced the occasion of the launch – the building of the hub was his former campaign office, to endorse the initiative and reiterate his administration’s commitment to leveraging on technology in delivering the megacity dream.

In his short statement, Mr. Sanwo-Olu said, “Technology is the way to go, it is the way of the future and it is the way the entire universe is going to, and everybody is using technology to develop everything that we need.

We believe that from here, things around the THEME concept that has to do with the environment, education, transportation and health innovations would be developed. People from here would come and give us innovative ideas to solve our transport problem; ideas with which they think locally but act globally.”It is important to note however, that the Eko Innovation Centre is a private investment, to run independent, without any government funding.

In conclusion, the opening of the centre is a welcome development to add to the growing technology ecosystem in the country and it is expected that it will run with full steam once to deliver the vision of the founder.


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E-Business

FG Plans to Link Social Register to NIN for Humanitarian Crisis

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Federal government has disclosed that efforts are ongoing to link the National Social Register (NSR) to the National Identity Numbers (NIN).

FG Plans to Link Social Register to NIN for Humanitarian Crisis

Prof. Nentawe Yilwatda, minister of Humanitarian Affairs and Poverty Reduction, explained that the linked data would assist the country to anticipate crises, mobilize resources faster, and ensure aid reaches those who need it the most.

He said harnessing data would save the country and relevant stakeholders the stress and bottlenecks of outdated processes.

He also identified bureaucratic crisis as the biggest crisis in the humanitarian space which stalls responses to humanitarian issues.

Speaking in Abuja on Tuesday at the National Humanitarian Roundtable programme, the minister said: “People are traumatized by climate change, security threats and economic shock across the country and in the midst of these, we have limited funding.

“The biggest crisis we have is not just the people being killed, the crisis we have is a bureaucratic crisis that does not respond to a humanitarian crisis. Every delay in decision making, every inefficiency in coordination, every shortfall in funding, costs the life of people.

“They say knowledge is power, but knowledge can be destructive too. It can only be power if we use it effectively. By leveraging data and technology, we can anticipate crises; we can mobilize resources faster and ensure aid reaches those who are in need the most and without the bottleneck of outdated processes.

“We are linking the social register to national identity numbers and geotagging all homes of those who are vulnerable across the country so that if there’s any crisis, we don’t need to begin to walk around communities and taking names and asking the States Emergency Management Agency and the National Emergency Management Agency (NEMA) for data.


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Nigeria Tops as INTERPOL Arrested Over 300 Cybercriminals Across Africa

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Kaspersky has recently contributed its threat intelligence data to an INTERPOL-led law enforcement action that aimed to disrupt cross-border criminal networks across the African region that cause significant harm to individuals and businesses.

With seven participating countries in Africa, operation Red Card resulted in the arrest of 306 individuals suspected of links to cybercrimes such as mobile banking, investment and messaging app scams, and seizure of 1,842 devices.

Conducted from November 2024 to February 2025, operation Red Card was delivered through INTERPOL’s African Joint Operation against Cybercrime (AFJOC) and brought together law enforcers from Benin, Côte d’Ivoire, Nigeria, Rwanda, South Africa, Togo and Zambia.

The operation conduct was preceded by a threat intelligence data exchange, which was enriched by INTERPOL and its private sector partners, including Kaspersky. Kaspersky has shared with the law enforcement agency the results of an analysis of samples of a malicious Android application that targeted users in African countries along with the data on related infrastructure.

Altogether, the cybercriminal cases uncovered by the Red Card participants have preyed on more than 5,000 people. Among operation highlights were:

Nigeria: Nigerian police arrested 130 people, including 113 foreign nationals, for their alleged involvement in cyber-enabled scams such as online casino and investment fraud. The suspects, who converted proceeds to digital assets to conceal their tracks, were recruited from different countries to run the illegal schemes in as many languages as possible.

Zambia: Officers apprehended 14 suspected members of a criminal syndicate that hacked into victims’ phones. The scam involved sending a message containing a malicious link which, when clicked, installed malware on the device.

This allowed hackers to take control of the messaging account, and ultimately the phone, giving them access to banking apps. The hackers were also able to use the victim’s messaging apps to share the malicious link within conversations and groups, enabling the scam to spread.

Rwanda: Rwandan authorities arrested 45 members of a criminal network for their involvement in social engineering scams that defrauded victims of over USD 305,000 in 2024 alone.

Their tactics included posing as telecommunications employees and claiming fake ‘jackpot’ wins to extract sensitive information and gain access to victims’ mobile banking accounts. Another method involved impersonating an injured family member to ask relatives for financial assistance towards hospital bills.

South Africa: Local authorities arrested 40 individuals and seized more than 1,000 SIM cards, along with 53 desktops and towers linked to a sophisticated SIM box fraud scheme. This setup, which reroutes international calls as local ones, is commonly used by criminals to carry out large-scale SMS phishing attacks.

Neal Jetton, INTERPOL’s Director of the Cybercrime Directorate, said: “The success of Operation Red Card demonstrates the power of international cooperation in combating cybercrime, which knows no borders and can have devastating effects on individuals and communities.

“The recovery of significant assets and devices, as well as the arrest of key suspects, sends a strong message to cybercriminals that their activities will not go unpunished.”

“Kaspersky is proud to be part of this collaborative effort led by INTERPOL. The evolving threat landscape in Africa requires a multi-stakeholder dialogue and joint efforts of public and private organisations to address the cybersecurity challenges the region faces today.

The Red Card operation is a notable example of such cooperation, showcasing how the expertise of private companies coupled with extensive investigative capacities of law enforcers can foster a more cyber-resilient environment,” comments Yuliya Shlychkova, Vice President, Global Public Affairs, Kaspersky.

Kaspersky and INTERPOL have a vast record of joint operations aimed at combating cybercrime in the African region, with Kaspersky having supported two editions of INTERPOL’s Africa Cyber Surge operations.

Just recently, Kaspersky was also a contributor to INTERPOL’s joint action with AFRIPOL, which last year became the company’s official partner in fostering a more cybersafe climate across Africa. This partnership focuses on sharing Kaspersky’s extensive data on local cyberthreats and cybercrime trends in the region.

 


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Five WhatsApp Business Features Every Small Business Should Be Using

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Micro, Small and Medium-sized Enterprises (SMBs) are the backbone of most economies accounting for 90% of businesses, over 70% of employment, and 50% of global GDP, according to the United Nations.
They drive growth, innovation, and job creation worldwide.  In Nigeria, they play a crucial role in stimulating local economies and contributing to the country’s GDP.  Recognising their impact, WhatsApp is committed to empowering SMBs with the tools to succeed through the WhatsApp Business App, by reaching their customers where they already are.

WhatsApp continues to be the best way for people and businesses to get business done in Nigeria. With its efficient features, the WhatsApp Business App has become an indispensable tool for small businesses, helping them streamline communication, enhance customer engagement and drive sales. And we know customers love communicating with businesses over WhatsApp too, as nearly 80% of people globally message with a business at least once a week.

Whether you’re just starting out or looking to optimise your business operations, here are five essential WhatsApp Business features that can elevate your efficiency and customer interactions.

1. Catalog – Showcase Your Products and Services

Gone are the days of sending multiple images and descriptions individually to customers. With the Catalog feature, you can create a digital storefront where customers can browse your offerings within WhatsApp. This is just like a mini-website which makes it easier to showcase your products, prices and descriptions in an organised way.

How to Use It: Go to Business Tools > Catalog. Add product images, videos, names, descriptions and pricing.

2. Quick Replies – Save Time on Repetitive Questions

Answering the same customer questions repeatedly? Quick Replies let you create preset responses for frequently asked questions, saving you time and ensuring fast customer service.

How to Use It:Go to Settings > Business Tools > Quick Replies. Create and save responses such as a greeting message or order confirmation. Use the shortcut “/” to insert a quick reply in any chat

3. Labels – Stay Organised and Track Conversations

Managing multiple customer interactions can be overwhelming, but the Labels feature helps by categorising chats in different ways, such as order status or customer type. You can create labels with different colors or names and add the conversations to an entire chat. This keeps your inbox organised and ensures no customer is left waiting.

How to Use It: Open a chat, tap on the three-dot menu > Label Chat. Assign relevant labels like New Customer, Order Placed, Pending Payment.

4. Away Messages – Engage Customers Even When You’re Away

Never miss a customer inquiry again. Away Messages allow you to set up a greeting or away message, ensuring customers receive timely responses even outside business hours.

How to Use It: Go to Business Tools > Away Message / Greeting Message. Set up a custom message and schedule when it should be sent.

5. Meta Verified – For Enhanced Protection and Account Support

A paid subscription that helps your business build credibility with new audiences, Meta Verified can help drive more engagement and grow your brand.  With Meta Verified, you’ll receive enhanced account support, can use WhatsApp across multiple devices and easily create a professional WhatsApp web page that’s tailored to you.

How to Use It: Go to Settings or Business Tools > tap Meta Verified.

WhatsApp Business is packed with features designed to help small businesses grow, stay organised, and engage with customers effortlessly. By leveraging these features, you can enhance your customer experience, increase efficiency and ultimately drive more sales. Start your own journey with the WhatsApp Business app here.


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