Telecom
DWTC Meets Sanwo-Olu to Explore Partnership with Lagos

Nigeria’s digital economy has made tremendous progress in the last three years. The Dubai World Trade Centre (DWTC) described the growth as “pulsating and encouraging in the last three years” even as it affirmed its commitment to partner with the Nigerian government at all levels to bring the benefits of ICT to millions of Nigerians.
Interestingly, the DWTC is already partnering with the National Information Technology Development Agency (NITDA) and its parent ministry, Ministry of Communications Digital Economy to expose startups, private enterprises and government entities to global innovation and tech communities at the annual GITEX GLOBAL organised by the DWTC.
“Collaboration is the soul of any innovation ecosystem. For innovators to thrive, there must be collaborations. The DWTC through the GITEX GLOBAL platform has for nearly 50 years now foster and encourage collaborations for different innovation ecosystem across countries, and helping to provide intra-nation partnerships and to do deals,” said , Bilal Al Rais, Vice President, Technology and Digital Cluster, DWTC, at a panel session on ‘Driving Growth and Unlocking Innovations Through Regulations for a Sustainable Digital Economy’ at the just ended Digital Nigeria conference and expo in Abuja organised by the NITDA.
In Lagos, Al Rais led senior officials of DWTC including Group Director Strategy & Senior Government Advisor, Radoine Nachdi; and their local country representatives from Pinnacle International Consulting including President & CEO, Akande Ojo; and Director of Government Engagement & Media, Olusegun Oruame to meet Lagos State Governor, Mr. Babajide Sanwo-Olu; Deputy Governor, Dr Obafemi Hamzat and other senior functionaries to explore deepening partnership with Nigeria’s commercial capital and most populous state of over 20 million.
Governor Sanwo-Olu reiterated his administration’s commitment to developing physical infrastructures across the state and investing in the growth of digital talents.
Lagos is working to remain the hub for technology infrastructure and digital skills and welcome collaboration that will further grow this vision and deepen the value proposition of the ecosystem, said Governor Sanwo-Olu at the interaction inside the Lagos Governor House that also had in attendance, Lagos State Commissioner for Science and Technology, Mr. Hakeem Fahm; the Special Adviser on Innovation and Technology, Olatunbosun Alake; and Permanent Secretary, Ministry of Science and Technology Engr (Mrs.) Ibilola Olufolake Kasunmu.
Earlier in Abuja, Al Rais had commended Minister of Communication and Digital Economy, Prof Isa Ali Ibrahim Pantami for the upward growth of Nigeria’s digital economy which he attributed to right policies and initiatives by the country’s leadership.
According to Al Rais: “In the last three years, we believe Nigeria has initiated a lot of policy and legal frameworks to encourage cross border collaborations and engender investment including the new Nigeria startup law; the National Digital Economy Policy and Strategy (NDEPS) developed to provide the roadmap for Nigeria’s digital economy aspirations;. its National Broadband Policy to build Nigeria’s e-readiness and prepare the way to expand access and bolster investment. The DWTC is here to support Nigeria’s drive for international collaborations through the NITDA and its parent ministry.”
Telecom
MTN Mulls Establishment of Fintech Firm in Nigeria, Others

MTN Uganda is seeking input from stakeholders on a plan to structurally separate its mobile money service, MoMo, from its core telecoms business.
According to the company, the proposed change will be discussed at the upcoming extraordinary general meeting on July 2.
If approved, the telco’s fintech business will be run by a new company controlled by MTN Group Fintech Holdings B.V. and a trust benefiting minority shareholders following a merger.
Additionally, the restructuring also aligns with MTN Group’s ambition 2025 strategy which aims to unlock value, attract new investors, and strengthen regulatory compliance by creating standalone fintech entities in Uganda, Ghana, and Nigeria.
The company’s fintech division has over 13 million customers, with an 18.4% revenue increase in the first quarter of 2025, driven by 19.0% growth in mobile money services, 19.8% growth in transaction volumes, and a 31.4% increase in transaction value.
Reports say the decision is part of the telco’s compliance with the National Payment Systems Act 2020, which mandates mobile money businesses to operate as standalone entities, and to align with MTN Group’s regional fintech strategy.
MTN Uganda, which is led by CEO Sylvia Mulinge, highlighted that the implementation of the proposed transaction will be subjected to a number of conditions and regulatory procedures.
“The implementation of the proposed transaction shall be subject to a number of conditions, including the company and MTN MoMo receiving all required regulatory approvals and no-objections and complying with any regulatory conditions,” said MTN Uganda in notice.
Telecom
Netflix Expands European Presence with €1 Billion Investment in Spain

Netflix has announced plans to invest more than €1 billion in Spanish film and television productions over the next four years, reinforcing its commitment to Spain as a key creative hub in Europe.
The announcement was made by co-chief executive Ted Sarandos at an event held at Netflix’s production studios near Madrid, celebrating the company’s 10-year presence in the country.
Sarandos emphasized that the investment would contribute significantly to Spain’s economy, create jobs, and enable the streaming platform to produce more local content. He was joined by Spanish Prime Minister Pedro Sánchez in unveiling the initiative.
Netflix first established its international production studios in Madrid in 2019, following the success of the Spanish-language hit series Money Heist.
Since then, its 22,000-square-meter facility has become one of Netflix’s major production centers within the European Union.
The company currently supports over 20,000 jobs in Spain, highlighting the nation’s growing influence in global entertainment.
The investment reflects Netflix’s ongoing strategy to expand its presence in European markets through original content and local talent.
Telecom
ngCERT Issues High Alert to Nigerians Using Android Phones

Nigeria Computer Emergency Response Team (ngCERT) has raised alarms over a new wave of advanced cyberattacks targeting Android mobile phones through a malware campaign dubbed Tria Stealer.
The malicious software is designed to infiltrate Android devices, hijack messaging accounts, intercept One-Time Passwords (OTPs), to steal sensitive personal and financial data.
According to ngCERT, Tria Stealer spreads primarily through deceptive tactics, such as fake event invitations distributed via popular messaging platforms like WhatsApp and Telegram.
Unsuspecting users are enticed to download an infected (APK) file, often disguised as a harmless system application, to evade detection.
Once installed, Tria Stealer requests extensive permissions, including access to SMS, call logs, and app notifications.
It immediately commences data harvesting activities, sending stolen information to a Command and Control (C2) server operated via Telegram bots.
This trojan spreads through fake links, usually disguised as wedding or event invites, and tricks users into downloading malicious APK files
“Account takeover of messaging platforms. Impersonation of victim for fraudulent money transfer requests. Compromise of banking and financial applications. Identity theft and credential harvesting.”
In plain terms, if your phone is compromised, the consequences could be catastrophic.
Your financial apps are vulnerable, your reputation could be ruined by impersonation and even simple personal messages could be twisted into tools for scams.
Here’s what users should be doing now:
Don’t download apps outside the official Play Store.
Be suspicious of random invites or links, even from people you know.
Turn on 2FA for everything—banking, emails, social platforms.
Get a reputable antivirus and keep it updated.
If you run an organisation, you should already be taking this seriously.
ngCERT’s guidance says you should raise awareness, monitor mobile devices, and not let your team click on unverified links.
“Deploy network monitoring for suspicious outbound connections to known C2 domains,” it said, meaning, keep an eye on every digital door in and out.
This isn’t one of those cases where you wait to see if it affects you. By the time you realise it, it may already be too late.
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