Telecom
Digital Encode Rewards Cyberchain Hackathon Winners, Commits to Raise Cyber Defenders for Nigeria
Digital Encode Limited, a frontline Cybersecurity and Consultancy firm in Africa, has again endeared itself to the young community in the cybersecurity space in Nigeria.
The 18+ year old company rewarded winners of the Cyberchain Hackathon program as part of activities for the 2021 conference and exhibition, held in Lagos over the weekend.
Digital Encode doled out N500,000.00 to reward Team NOHATS which took the first prize; Team LYTES (first runner-up) received N300,000.00 and Team KURUPT68 (second runner-up) took home N200,000. The third and fourth runner-ups – C7ROW and SECACE received consolation prizes too.
Speaking shortly after the prize presentation ceremony, Dr. Peter Obadare, Co-Founder/CVO, Digital Encode Limited, said that the teams’ performances during the hackathon were beyond Digital Encode expectations.
“The teams performed very well; even beyond our expectations. We never envisaged the level of response we got. We are very delighted in what we have seen with these teams. They need to be mentored so they can go far in the industry. There are people here who came all the way from Rivers and Niger States. It shows that young Nigerians are hungry for success.
They are ready to put in their best to affect the economy. I am sure that within the next five years Nigeria will have enough cyber warriors to defend the country and businesses”.
Dr. Obadare said that results from the hackathon gives the company confidence that cybercrime will soon become a thing of the past in Nigeria, “because we have people that will be protecting the cyber space. So, you are launching your product; be it Fintech, edutech, healthtech, agritech or e-Government platforms, you will do that with the mindset that you will be protected.
These are young people that would become cyber traitors themselves, but they are putting their skills to good use; working to protect the financial ecosystem and Nigeria’s critical digital infrastructure. We are confident that we are going to do very well in the future.
Dr. Oluseyi Akindeinde, Co-Founder/CTO, Digital Encode Limited, also expressed delight with the results, adding that the hackathon was part of the company’s means of giving back to the society.
“We believe in the saying that ‘to whom much is given, much is expected’. It is our own way of giving back to the industry and to encourage the younger generation. We know what it means to start, and grow a business in an environment like in Nigeria.
“We would have loved for this kind of thing to happen 18 years ago when we started Digital Encode. So, we told ourselves that whatever will enable other young people to be focused in this field, we have to support them. That decision gave us the push to do this.
“The essence of the hackathon was to encourage the youths and expose them to the opportunities inherent in Information and Communications Technology.
“The truth is, if there were lots of money to be made legitimately leveraging technology, there shouldn’t be Internet scams among the youths. However, they need to be exposed and guided on how technology can be used to make money,” he said.
Jude Ozinegbe, the Convener of Cyberchain Conference & Exhibition said that the world is rapidly transiting from a consumer economy to a prosumer economy and technology is the fastest way to achieving this.
He said that whilst undergoing this process of economic transformation from the analogue and paper model to the digital approach, businesses need to also pay attention to the security concerns.
In his words, “Cybersecurity plays a major role in the digital economy, and everyone ought to have at least some basic knowledge on how to protect their digital assets from compromise”.
Ozinegbe also emphasized why Nigeria should not play catchup to the Blockchain technology as it did with the dotcom era, stressing that the Blockchain Technology comes with numerous untapped opportunities for the country, as it offers open, secure and decentralized cross-border business engagements for individuals and organisations irrespective of location, ethnicity or time difference.
He thanked Digital Encode for sponsoring the hackathon, adding that aside from the cash prize the participants are taking home the exposure and experience in programming and coding.
He said that this will in no small measure discourage unethical hacking which has become a bane of the society and rampant among the youths.
Association of Telecommunications Companies of Nigeria (ATCON), has raised the alarm over a diesel supply crisis caused by an ongoing strike by the National Union of Petroleum and Natural Gas Workers (NUPENG).
Mr Tony Emoekpere, president, ATCON in a statement said that the fuel supply disruption is critically affecting telecom base stations, pushing them to the brink of a shutdown and threatening millions of mobile and internet users in the region.
“This strike, which stems from the persistent harassment of tanker and petroleum product drivers by police officers in Lagos State, has effectively halted all truck loading operations and fuel movements,” Emoekpere stated.
He explained that diesel supply to telecom infrastructure has been severely impacted, leaving critical sites with dangerously low fuel levels.
According to him, if urgent measures are not taken, the situation could escalate into a full-blown network blackout, disrupting essential services, including mobile and internet access, business operations, emergency response systems, and daily communications.
ATCON has called on the governors of Lagos and Ogun states to intervene immediately by facilitating the release of diesel from depots to telecom operators to prevent further deterioration of the situation.
“This is not just a telecom issue—it is a national emergency that could cripple economic activities and compromise public safety,” Emoekpere stressed.
The association also appealed to security agencies and petroleum unions to resolve the crisis swiftly to safeguard Nigeria’s connectivity and economic stability.
ATCON emphasised that a prolonged disruption in fuel supply to telecom infrastructure could have far-reaching consequences for both businesses and individuals who rely on stable communication networks for daily operations.
In 2023, Nigerians spent a total of about ₦5.3 trillion on telecommunications services, which includes calls, data, SMS, and other telecom services, according to the Leadership.
Specifically for voice calls, Nigerians made approximately 408.5 billion minutes of local calls, generating around ₦3.28 trillion from outgoing calls and ₦3.23 trillion from incoming calls, totaling about ₦6.51 trillion in call-related revenue according to projections based on 2023 call volumes and tariff data.
However, the ₦5.3 trillion figure represents the overall telecom sector revenue, with voice calls being a major component but also including data and other services.
For individual spending, MTN subscribers spent an average of ₦2,508 monthly on voice calls in 2023, showing a 14.4% increase from 2022, while Airtel customers spent about ₦1,694 monthly on voice calls.
Total telecom spending (calls, data, SMS, etc.): ₦5.3 trillion in 2023
Estimated revenue from voice calls alone: around ₦6.5 trillion based on call minutes and tariffs
Average monthly spending on calls per subscriber: ₦1,694 to ₦2,508 depending on the network
Nigeria’s corporate elite gathered recently to bid farewell to one of the nation’s most influential business titans, Dr. Pascal Gabriel Dozie.
The Nigerian Exchange Group’s headquarters in Marina, Lagos, played host to an ‘Afternoon of Tributes’ that saw industry captains, financial moguls, and family members celebrate the extraordinary legacy of a man who helped reshape Nigeria’s economic landscape.
MTN Nigeria Chairman, Dr. Ernest Ndukwe, captured the mood of the gathering when he described the late Dozie as “a visionary leader, a true patriot, and a trailblazer” whose impact continues to reverberate across Nigeria’s business terrain.
“Thanks to his remarkable foresight and unwavering dedication, MTN Nigeria didn’t just find its footing—it soared,” Ndukwe told the distinguished audience.
“Today, it stands not only as the largest telecommunications company in the country but also as one of the most highly valued corporations on the NGX Premium Board.”
The symbolic bell-ringing ceremony—a highlight of the event—paid homage to Dozie’s pivotal role in transforming both Nigeria’s capital market and telecommunications sector.
Speaker after speaker painted the portrait of a man whose influence transcended conventional boundaries. Beyond founding Diamond Bank and steering MTN Nigeria to unprecedented heights, Dozie was celebrated for embodying the rare combination of business acumen and ethical leadership.
Throughout the afternoon, the late business icon was remembered not merely as a successful entrepreneur but as a nation-builder whose contributions spanned critical sectors from banking and telecoms to public policy and education.
More than his corporate achievements, however, it was Dozie’s personal qualities that dominated tributes—his uncompromising integrity, innovative thinking, disarming humility, and lifelong commitment to service.
As the event concluded, it became clear that the gathering was more than a memorial—it was a celebration of possibilities, a testament to what can be achieved when purpose meets passion and when leadership is firmly rooted in service to others.
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