E-Business
Experts Proffer Ways to Protect ICT Users Against Cyber Security Crimes

Information and communication technology [ICT] experts who spoke at the recently held Indo-Africa ICT Expo in Lagos, which was declared opened by the Minister of Communication, Barrister Adebayo Shittu, have proffered solutions to protect users of ICT products against cyber security attacks in the country.
MD/CEO of Inlaks, Femi Adeoti was represented by the Executive Director, Infrastructure Business, Tope Dare, and he spoke on “Cyber Security, Perils, Protection and the Role of ICT. He highlighted some historic events that occurred in the cyberspace in 2017, citing the rise of Ponzi schemes, which promised spurious financial returns on investments and the recent Ransomware attack, the wannacry which had negative consequences on over 150 countries including Nigeria.
Dare pointed out that the emergence of crypto-currency is a major threats to cyber security in the world today.
He said, “Hackers use cryptocurrencies based on its anonymous nature of receiving and making payments and they attack the cryptocurrency exchanges by flooding them with requests, therefore, making it unusable.
“In 2018, there will be a continuous demand for cybersecurity services and functions for cybersecurity providers and the demand will come from small and large scale businesses.
“As the demand for provider’s increases, request for technology talents would skyrocket locally and internationally, which may lead to the migration of skills outside Nigeria to the rest of Africa and the world.
“The use and promotion of effective cybersecurity regulations play a key role in reducing risks of cyber-attacks; as such, the emergence of Society for Worldwide Interbank Financial Telecommunication (SWIFT), Customer Security Programme (CSP) and the European Union General Data Protection Regulation (GDPR) companies would mandate the various bodies in order not to fall victim to cyber-attacks”, he said.
He further affirmed that the country’s regulatory agencies such as the National Insurance Commission (NAICOM), Nigerian Communications Commission (NCC), National Information Technology Development Agency (NITDA) and the Central Bank of Nigeria (CBN) would need to establish and enforce regulations and codes of conducts that will protect the nation and its citizens from losses due to cyber-attacks.
In his presentation, Director General, ICT, Ekiti State, Toyin Olaniteru shared his thoughts on “securing data and protecting privacy” and averred that banks are the main targets for computer hackers and other thieves of electronic data. According to him rogue employees use swipe card skimmers to steal card numbers and related data from customers.
“The risk of losing customers’ data is critical and needs to be managed carefully. Banks and other companies are unprepared to deal with a serious data breach.
“While data security presents daunting challenges for most, there are basic steps that can be pursued to protect organizations against the worst cyber threats.
“Some of the banks apply due diligence when employing staff, and follow-up with employees can assist greatly in reducing the risks associated with data security breaches”, he said.
The CEO of Halogen Security, Wale Olaoye who was represented by the Director, Virtual Security and Strategic Market, Dayo Abegunde pointed out that everyone who owns a mobile phone, email address and password is prone to cyber security threat.
To buttress his case, he referred to artificial intelligence, internet of things, mobile, social media and cloud computing as the game changers in the ICT world.
“While these are the game changers in today’s world, they also have their challenges. Everybody who has a mobile phone is susceptible to cyber security attack.
The growing number of intelligent connected industrial and consumer devices has created new ways that intruders can gain access to network and data”.
Listing ways to overcome data breeches, Olaniteru said there is the need to encrypt data especially when dealing with customer account and personal information as well as certain categories of employee information.
He said data security protocols must be established for password protection, encryption, employee mobile devices, data placement on drives and laptop as well as continuous employee training and transfer.
“Data mapping is important to know what data your company has and on which of the systems the data is stored. The bank or any organisation must carry out diligence on employees, computer vendors etc as this will help ensure companywide compliance with security protocols”, he said.
E-Business
MRA Flags AI Concerns ahead of Press Freedom Day Today

Media Rights Agenda (MRA), has unveiled a visual brief emphasizing the critical need for responsible and ethical use of Artificial Intelligence (AI) in journalism, particularly within Nigeria’s evolving media environment.
This is coming ahead of World Press Freedom Day today.
The visual brief, developed under this year’s global theme, “Reporting in the Brave New World – The Impact of Artificial Intelligence on Press Freedom and the Media,” explores the opportunities and dangers AI poses to media freedom in Nigeria and across the world.
In a statement released in Lagos by John Gbadamosi, its programme officer,MRA noted that AI is quickly changing the way news is produced and consumed, adding that it offers powerful tools that can assist journalists in analysing data, translating stories into local languages, and extend the reach of vital information, especially to underserved areas with limited media infrastructure.
Gbadamosi added that AI can help to ensure that essential news and information are also disseminated to local communities.
However, Gbadamosi warned that the same technology is being weaponised to undermine truth and press freedom, saying: “While AI can be used to advance journalism, it can just as easily be exploited to spread disinformation, create deepfakes, and drown out independent voices with algorithmically generated propaganda.”
According to him, “In Nigeria, journalists face threats that go beyond just physical dangers; such threats now also encompass digital, algorithmic, and systemic harms and challenges, which requires media professionals to ensure that AI enhances, rather than undermines, media freedom and that technology is used to promote the truth, not distort it.”
“The visual brief breaks down key concepts like misinformation, disinformation, mal-information, and information overload, which are increasingly shaping Nigeria’s digital media ecosystem. It also raises concerns about AI-enabled surveillance, political manipulation, and the marginalisation of community-based journalists.”
Gbadamosi stated that the visual brief also advocates support for independent media, transparent AI regulations aligned with Nigeria’s context, increased digital literacy, and stronger accountability from tech companies regarding platform content and influence.
He therefore urged all stakeholders to advocate for responsible AI usage and a free, independent, professional and vibrant media environment in Nigeria, stressing that “when media freedom thrives, democracy lives.”
E-Business
Nigerians to Pay More for IDs as NIMC Raises Service Fees

The National Identity Management Commission (NIMC) has raised the fees for all its products and services, including charges related to data modification on the National Identification Number (NIN) database.
In a statement issued in Abuja, Kayode Adegoke, NIMC’s Head of Corporate Communications, announced that the updated service fees are published on the commission’s official website.
Adegoke noted that the new pricing structure for NIMC’s services and products marks the first comprehensive review of its fees in over a decade.
The statement stated that the revised pricing is designed to align with prevailing operational costs and industry standards, while continuing to ensure that services remain accessible and affordable for all Nigerians.
The statement warned its Front-End Partners (FEPs) to comply with the newly approved rates, stating that any failure to do so could attract strict sanctions, including possible license revocation.
“The new structure ensures that the quality and integrity of our services remain uncompromised. We are committed to protecting the interests of Nigerians through fair and transparent pricing,” the statement read.
NIMC urged the public to report any Front-End Partners (FEPs) found charging beyond the approved rates. Reports can be directed to the Commission’s Inspectorate and Enforcement Unit via email at ieu@nimc.gov.ng
It further reaffirmed its commitment to delivering secure and dependable identity services. A complete list of the revised service fees can be accessed on its official website at www.nimc.gov.ng.
In a related development, Abisoye Coker-Odusote, Director General of the National Identity Management Commission (NIMC), expressed sincere appreciation to President Bola Ahmed Tinubu for his unwavering support in enhancing the National Identity Database (NIDB).
She also extended her gratitude to the Minister of Interior, Dr. Olubunmi Tunji-Ojo, and other key partners for their pivotal roles in advancing a sustainable and effective identity management system.
E-Business
PwC says AI Adoption by African Businesses will Unlock Growth

Artificial intelligence (AI) adoption could boost Africa’s gross domestic product by an additional 4.9 percentage points by 2035, as the African economy is reshaped by the emerging technology.
This is according to PwC’s recently released report: Value in Motion. It is based on data-driven scenario analysis, which reveals that globally, AI has the potential to boost economic output by up to 15 percentage points over the next decade.
The global growth dividend from AI varies according to the region and depends on more than technical success – it also hinges on responsible deployment, clear governance, and public and organisational trust, notes the report.
This would effectively add one percentage point to annual growth rates − on par with the growth increment the world began enjoying with 19th century industrialisation.
In other scenarios analysed by PwC, characterised by lower trust and co-operation, the incremental boost to the economy from AI would be more muted at 8%, or in a pessimistic scenario just 1%.
The research finds that rapid reconfiguration of the economy is already under way. PwC analysis indicates the pressure for African businesses to reinvent themselves is at some of the highest levels seen in the last 25 years across six out of nine sectors in Africa.
The $150.54 billion in revenue in Africa is set to shift between companies in 2025 alone, a trend that begun prior to the recent global increase in tariffs.
PwC’s research suggests that over the next decade, industries will reconfigure to meet human needs in new ways, leading to the formation of new ‘domains’ that cross traditional sector lines.
Dion Shango, PwC Africa CEO, explains: “As the structure of the economy transforms, value will increasingly come from organisations that can connect the dots across traditional industry boundaries. By focusing on evolving customer needs and using technology to dramatically change the way business operates, business leaders can unlock a step change in growth.”
According to Google’s Digital Opportunity of Africa report, AI could contribute up to $30 billion to Sub-Saharan Africa’s economy by 2030. Africa stands to accelerate its growth through AI as more people gain connectivity and harness technology for good, it notes.
“Across the continent, a new generation of innovators are harnessing technology to solve some of the world’s most pressing challenges,” says Google.
In terms of AI’s impact on the climate, PwC’s analysis shows that while AI is set to accelerate growth, the costs of physical climate threats will impose economic constraints.
PwC’s economic modelling suggests that physical climate impacts could result in the African economy being over 12%smaller (globally: 7%) by 2035 in all scenarios than it would have been otherwise.
“Increased AI adoption is expected to lead to increased energy use by data centres. However, modest use of AI to drive energy-efficiency could offset this increased use of energy. PwC estimates that the energy use and emissions impact of AI would be neutral if each additional percentage point of AI use led to innovations which cut energy intensity by just 0.1% globally,” says the report.
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